SBI Contra Fund-Reg(D)

SBI Contra Fund-Reg(D)
Dividend Yearly
2.30  (As on 23-06-2017)
Category
Equity - Others
52-week NAV high
276.13  (As on 28-08-2020)
52-week NAV low
175.83  (As on 23-03-2020)
Expense
2.29%  (As on 31-08-2020)

Performance

1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
Fund Returns -3.38 12.10 42.41 1.13 -1.50 -1.64 1.36 3.93 -
Scheme Details
Fund Type
Open Ended
Investment Plan
Dividend
Bonus
NA
Launch Date
Jul 05, 1999
Last Dividend
2.30
Minimum Investment
5000

SBI Mutual Fund is one of the largest investment firms in India and has over 5.4 million investors. It is a partnership between public lender, the State Bank of India (SBI) and AMUNDI, a France-based private investment firm. SBI Funds Management Pvt. Ltd. is the fund manager of SBI Mutual Fund and the fund house offers around 61 schemes across categories of equity, debt, hybrid, index, ETFs, etc.

The SBI Contra - Regular Plan - Dividend is an open-ended equity scheme that follows a contrarian investment strategy. The contrarian strategy is one which goes against prevailing market trends by purchasing when others are selling, and selling when others are purchasing. The dividend option of the scheme offers regular income to the investor.

Investment Objective

To offer an opportunity to the investor to achieve capital appreciation over a long term through investments in equity and its related securities by employing a contrarian investment approach.

Key Features of the Scheme

The SBI Contra Fund is ideal for investors who wish to grow their capital over a long term while also receiving a regular income and exhibits the below features:

Type of Fund

An open-ended equity scheme

Plans Available

Growth and Dividend

Options under each Plan

The dividend option has payout and reinvestment facility

Risk

Moderately High

Systematic Investment Plan

Available

Systematic Transfer Plan

Available

Systematic Withdrawal Plan

Available

Investment amount for SBI Contra Fund

Minimum Application Amount

Rs.5,000 and in multiples of Re.1 thereafter

Minimum Additional Investment

Rs.1,000 and in multiples of Re.1 thereafter

Minimum installment for Systematic Investment Plan (SIP)

Weekly - Rs.1,000 and in multiples of Re.1 thereafter for a minimum of 6 instalments.

Monthly - Rs.1,000 and in multiples of Re.1 thereafter for at least 6 months or Rs.500 and in multiples of Re.1 thereafter for at least 1 year.

Quarterly - Rs.1,500 and in multiples of Re.1 thereafter for 1 year.

Half-yearly - Rs.3,000 in multiples of Re. 1 thereafter for at the least 4 installments

Yearly - Rs.5,000 in multiples of Re. 1 thereafter for at the least 4 installments

Minimum installment for Systematic Withdrawal Plan (SWP)

Rs.1,000 and in multiples of Re.1 thereafter, account balance or 100 units, whichever is lower

Entry Load

Not Applicable

Exit Load

1% exit load will apply if an investor redeems/switches units before 1 year from unit allotment date. No exit load will be charged thereafter.

Asset Allocation for SBI Contra Fund

Instruments

Indicative Allocation

Percentage of total assets

Risk Profile

Minimum

Maximum

Equity and its related securities of firms following a contrarian style of investment

65%

100%

High

Other equities and its related securities

0%

35%

High

Units issued by REIT/InVIT

0%

10%

Medium to High

Money market securities

0%

35%

Low

Debt securities including securitised debt

0%

35%

Medium

NAV Disclosure and Benchmark for SBI Contra Fund

The scheme’s NAV is obtained by dividing the scheme’s net assets by the number of outstanding units on the date of valuation. The NAV will be rounded off by 4 decimal places and disclosed at the end of every business day. The NAV will be updated on the website of AMFI (www.amfiindia.com) and website of SBI Mutual Fund (www.sbimf.com) by 9:00 p.m. every business day.

The NAV will also be sent to at least 2 newspapers for publication on every business day. The newspapers publishing the NAV will have a nationwide circulation. The scheme’s monthly portfolio will also be available on the official website of Invesco Mutual Fund on or before the 10th day of the succeeding month.

Benchmark: S&P BSE 500 Index

Fund Manager

Mr. Dinesh Balachandran

The SBI Contra Fund is managed by Mr. Dinesh Balachandran who has been managing the scheme since 5 May 2018. He joined SBI Funds Management Pvt. Ltd. in March 2012 and has more than 17 years of experience in the financial services industry. Prior to joining SBI Mutual Fund, Mr. Balachandran had worked with Fidelity Investments, USA. Apart from the SBI Contra Fund, he also manages the SBI Dynamic Asset Allocation Scheme and the SBI Magnum Tax Gain Scheme.

Why you should invest in the SBI Contra Fund

  • Contrarian investment style - This investment style involves purchasing of distressed stocks and selling them when the price of the stock has gone up. This approach of investing can lead to capital gains which is then passed to the investor as returns.
  • Professional management - The fund manager of the scheme, Mr. Dinesh Balachandran has many years of experience in handling investments. Your investments are hence bound to yield good returns.
  • Liquidity - Being an open-ended scheme, the units of SBI Contra Fund can be redeemed or switched out on every business day at applicable NAVs. Thus, offering liquidity to the investor.
  • Additional benefits - The SBI Contra Fund comes with additional benefits like SIP, SWP, Flex STP, Swing STP, Switchover facility, etc. These added benefits make the scheme an attractive investment option.

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