Bandhan Contra Fund vs Invesco India Contra Fund
Portfolio overlap: how much of the two funds sits in the same stocks. Holdings as of Aug 2026.
Portfolio overlap
10.7%
Low overlap
Largely different portfolios.
10
Common stocks
22
Only in Bandhan Contra Fund
61
Only in Invesco India Contra Fund
Overlap adds the smaller weight of each common stock. Shares only; cash, bonds and REITs left out.
10 common stocks
Bandhan Contra FundInvesco India Contra Fund| Stock | Bandhan Contra Fund | Invesco India Contra Fund | Overlap |
|---|---|---|---|
| Reliance Industries LtdEnergy | 2.24% | 1.90% | 1.90% |
| State Bank Of IndiaFinancial Services | 1.86% | 3.16% | 1.86% |
| ICICI Bank LtdFinancial Services | 1.70% | 6.06% | 1.70% |
| Grasim Industries LtdMaterials | 1.53% | 1.01% | 1.01% |
| Tech Mahindra LtdTechnology | 1.00% | 1.44% | 1.00% |
| Bharat Electronics LtdIndustrials | 0.99% | 1.24% | 0.99% |
| Kotak Mahindra Bank LtdFinancial Services | 0.73% | 1.34% | 0.73% |
| TVS Motor Company LtdConsumer Discretionary | 0.50% | 1.73% | 0.50% |
| Glenmark Pharmaceuticals LtdHealthcare | 0.49% | 2.04% | 0.49% |
| Meesho LtdConsumer Discretionary | 0.48% | 1.47% | 0.48% |
| Total | 11.52% | 21.39% | 10.66% |
Only in Bandhan Contra Fund
22 stocks, 16.3% of the fund
- HDFC Bank LtdFinancial Services2.48%
- Sun Pharmaceutical Industries LtdHealthcare2.06%
- Zomato LtdConsumer Discretionary1.10%
- Indian Hotels Co. LtdConsumer Discretionary1.04%
- NTPC LtdUtilities1.00%
- JSW Steel LtdMaterials0.99%
- Great Eastern Shipping Co. LtdTransportation & Logistics0.80%
- Bharat Heavy Electricals LtdIndustrials0.76%
- GE T&D India LtdIndustrials0.75%
- Life Insurance Corporation Of IndiaFinancial Services0.74%
Only in Invesco India Contra Fund
61 stocks, 75.7% of the fund
- Larsen & Toubro LtdIndustrials4.86%
- Mahindra & Mahindra LtdConsumer Discretionary3.06%
- Coforge LtdTechnology2.65%
- Cholamandalam Investment and Finance Company LtdFinancial Services2.62%
- Infosys LtdTechnology2.56%
- Axis Bank LtdFinancial Services2.36%
- Bharti Airtel LtdCommunication Services2.31%
- Federal Bank LtdFinancial Services2.23%
- Apollo Hospitals Enterprises LtdHealthcare2.09%
- Prestige Estates Projects LtdReal Estate2.02%
Check another pair
More Contra pairs
What is mutual fund portfolio overlap?
Portfolio overlap is the share of two funds' money that sits in the same stocks in the same amounts. Two flexi cap funds that both hold HDFC Bank, ICICI Bank and Reliance overlap by the smaller of their weights in each of those stocks.
How is portfolio overlap calculated?
For every stock both funds hold, take the smaller of the two weights, then add them up. If one fund holds HDFC Bank at 8% and the other at 5%, that stock adds 5% to the overlap. Only shares count; cash, bonds, deposits and REITs are left out. The figures use each fund's latest monthly portfolio disclosure.
Is high overlap between two funds bad?
Not by itself. RuDo studied 33,153 pairs of diversified equity funds over five years to September 2026. Funds from different fund houses with 50% to 70% overlap shared mostly the index's largest stocks, and holding both still made returns swing 12% to 15% less around the index than holding either one. Overlap above 70% came mostly from two funds of the same fund house, which hold nearly the same portfolio.
How often does the overlap change?
Fund houses disclose their portfolios every month, so the overlap is refreshed as each new disclosure arrives. It moves slowly for most diversified funds and faster for focused or high-turnover funds.
Based on each fund's monthly portfolio disclosure. Past performance does not indicate future returns.