Invesco India Contra Fund vs SBI Contra Fund
Portfolio overlap: how much of the two funds sits in the same stocks. Holdings as of Aug 2026.
Portfolio overlap
23.4%
Low overlap
Largely different portfolios.
19
Common stocks
52
Only in Invesco India Contra Fund
66
Only in SBI Contra Fund
Overlap adds the smaller weight of each common stock. Shares only; cash, bonds and REITs left out.
19 common stocks
Invesco India Contra FundSBI Contra Fund| Stock | Invesco India Contra Fund | SBI Contra Fund | Overlap |
|---|---|---|---|
| ICICI Bank LtdFinancial Services | 6.06% | 4.55% | 4.55% |
| Reliance Industries LtdEnergy | 1.90% | 4.75% | 1.90% |
| State Bank Of IndiaFinancial Services | 3.16% | 1.67% | 1.67% |
| FSN E-Commerce Ventures LtdConsumer Discretionary | 1.79% | 1.63% | 1.63% |
| Tech Mahindra LtdTechnology | 1.44% | 1.81% | 1.44% |
| Kotak Mahindra Bank LtdFinancial Services | 1.34% | 2.87% | 1.34% |
| Axis Bank LtdFinancial Services | 2.36% | 1.34% | 1.34% |
| Delhivery LtdTransportation & Logistics | 1.60% | 1.33% | 1.33% |
| TML Commercial Vehicles LtdIndustrials | 1.90% | 1.23% | 1.23% |
| Bharti Airtel LtdCommunication Services | 2.31% | 1.20% | 1.20% |
| Samvardhana Motherson International LtdConsumer Discretionary | 1.53% | 1.19% | 1.19% |
| Hindalco Industries LtdMaterials | 0.87% | 1.20% | 0.87% |
| Larsen & Toubro LtdIndustrials | 4.86% | 0.85% | 0.85% |
| Grasim Industries LtdMaterials | 1.01% | 0.79% | 0.79% |
| Infosys LtdTechnology | 2.56% | 0.66% | 0.66% |
| Tata Consultancy Services LtdTechnology | 1.29% | 0.47% | 0.47% |
| Lupin LtdHealthcare | 1.23% | 0.46% | 0.46% |
| Oil And Natural Gas Corporation LtdEnergy | 0.28% | 1.16% | 0.28% |
| Timken India LtdIndustrials | 0.80% | 0.24% | 0.24% |
| Total | 38.29% | 29.40% | 23.44% |
Only in Invesco India Contra Fund
52 stocks, 58.8% of the fund
- Mahindra & Mahindra LtdConsumer Discretionary3.06%
- Coforge LtdTechnology2.65%
- Cholamandalam Investment and Finance Company LtdFinancial Services2.62%
- Federal Bank LtdFinancial Services2.23%
- Apollo Hospitals Enterprises LtdHealthcare2.09%
- Glenmark Pharmaceuticals LtdHealthcare2.04%
- Prestige Estates Projects LtdReal Estate2.02%
- Indusind Bank LtdFinancial Services1.96%
- TVS Motor Company LtdConsumer Discretionary1.73%
- KEI Industries LtdIndustrials1.61%
Only in SBI Contra Fund
66 stocks, 59.8% of the fund
- HDFC Bank LtdFinancial Services4.54%
- Biocon LtdHealthcare3.47%
- Punjab National BankFinancial Services2.78%
- Indus Towers LtdCommunication Services2.62%
- Gail (India) LtdEnergy2.29%
- Torrent Power LtdUtilities2.29%
- Mahindra & Mahindra Financial Services LtdFinancial Services2.12%
- Tata Steel LtdMaterials2.02%
- ITC LtdConsumer Staples1.67%
- Dabur India LtdConsumer Staples1.51%
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.