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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- Sbi Blue Chip Fund Dividend Payout Direct Plan
- Sbi Blue Chip Fund Regular Plan Dividend Option
- Sbi Blue Chip Fund Regular Plan Dividend Payout
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- Sbi Magnum Multicap Fund Direct Plan Dividend Option
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- Sbi Magnum Multicap Fund Dividend Payout Direct Plan
- Sbi Magnum Multicap Fund Regular Plan Dividend Option
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- Sbi Equity Hybrid Fund Dividend Direct Plan
- Sbi Equity Hybrid Fund Dp Direct Plan
- Sbi Equity Hybrid Fund Growth Direct Plan
- Sbi Equity Hybrid Fund Regular Dividend
- Sbi Equity Hybrid Fund Regular Dp
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- Sbi Small Cap Fund Dividend Direct Plan
- Sbi Small Cap Fund Growth Direct Plan
- Sbi Small Cap Fund Regular Dividend
- Sbi Small Cap Fund Regular Dr
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- Sbi Magnum Global Fund Direct Plan Dividend Option
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- Sbi Magnum Global Fund Regular Plan Dividend Option
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- Sbi Magnum Global Fund Regular Plan Growth Option
- Sbi Focused Equity Fund Dividend Direct Plan
- Sbi Focused Equity Fund Dp Direct Plan
- Sbi Focused Equity Fund Growth Direct Plan
- Sbi Focused Equity Fund Regular Dividend
- Sbi Focused Equity Fund Regular Dp
- Sbi Focused Equity Fund Regular Growth
- Sbi Magnum Midcap Fund Direct Plan Dividend Option
- Sbi Magnum Midcap Fund Direct Plan Growth Option
- Sbi Magnum Midcap Fund Dividend Payout Direct Plan
- Sbi Magnum Midcap Fund Regular Plan Dividend Option
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- Sbi Magnum Taxgain Scheme 1993 Direct Plan Dividend Option
- Sbi Magnum Taxgain Scheme 1993 Direct Plan Growth Option
- Sbi Magnum Taxgain Scheme 1993 Dividend Payout Direct Plan
- Sbi Magnum Taxgain Scheme 1993 Regular Plan Dividend Option
- Sbi Magnum Taxgain Scheme 1993 Regular Plan Dividend Payout
- Sbi Magnum Taxgain Scheme 1993 Regular Plan Growth Option
- Sbi Short Horizon Debt Fund Short Term Fund Retail Dividend Fortnightly
- Sbi Short Horizon Debt Fund Short Term Fund Retail Dividend Monthly Plan
- Sbi Short Horizon Debt Fund Short Term Fund Retail Dividend Weekly Plan
- Sbi Short Horizon Debt Fund Short Term Fund Retail Growth Option
- Sbi Infrastructure Fund Direct Plan Dividend Option
- Sbi Infrastructure Fund Direct Plan Dividend Payout
- Sbi Infrastructure Fund Direct Plan Growth Option
- Sbi Infrastructure Fund Regular Plan Dividend 6 7 2007
- Sbi Infrastructure Fund Regular Plan Dividend Payout
- Sbi Infrastructure Fund Regular Plan Growth 6 7 2007
- Sbi Large And Midcap Fund Dividend Direct Plan
- Sbi Magnum Equity Esg Fund Dividend Direct Plan
- Sbi Magnum Equity Esg Fund Dp Direct Plan
- Sbi Magnum Equity Esg Fund Growth Direct Plan
- Sbi Magnum Equity Esg Fund Regular Dividend
- Sbi Magnum Equity Esg Fund Regular Dp
- Sbi Magnum Equity Esg Fund Regular Growth
- Sbi Savings Fund Direct Plan Daily Dividend Option
- Sbi Savings Fund Direct Plan Dividend Option
- Sbi Savings Fund Direct Plan Growth Option
- Sbi Savings Fund Direct Plan Weekly Dividend Option
- Sbi Savings Fund Dividend Payout Direct Plan
- Sbi Savings Fund Regular Plan Daily Dividend Option
- Sbi Savings Fund Regular Plan Dividend Option
- Sbi Savings Fund Regular Plan Dividend Payout Option
- Sbi Savings Fund Regular Plan Growth Option
- Sbi Savings Fund Regular Plan Weekly Dividend Option
- Sbi Savings Fund Weekly Dividend Payout Direct Plan
- Sbi Gold Fund Direct Plan Dividend Option
- Sbi Gold Fund Direct Plan Growth Option
- Sbi Gold Fund Dividend Payout Direct Plan
- Sbi Gold Fund Regular Plan Dividend Option
- Sbi Gold Fund Regular Plan Dividend Payout
- Sbi Gold Fund Regular Plan Growth Option
- Sbi Etf Gold
- Sbi Magnum Low Duration Fund Dd Direct Plan
- Sbi Magnum Low Duration Fund Direct Dividend
- Sbi Magnum Low Duration Fund Fd Direct Plan
- Sbi Magnum Low Duration Fund Fd
- Sbi Magnum Low Duration Fund Fdp Direct Plan
- Sbi Magnum Low Duration Fund Fdp
- Sbi Magnum Low Duration Fund Growth Direct Plan
- Sbi Magnum Low Duration Fund Growth
- Sbi Magnum Low Duration Fund Institutional Direct Dividend
- Sbi Magnum Low Duration Fund Institutional Growth
- Sbi Magnum Low Duration Fund Institutional Weekly Dividend
- Sbi Magnum Low Duration Fund Monthly Dividend Direct Plan
- Sbi Magnum Low Duration Fund Monthly Dividend Plan Direct Plan
- Sbi Magnum Low Duration Fund Monthly Dividend
- Sbi Magnum Low Duration Fund Wdp Direct Plan
- Sbi Magnum Low Duration Fund Weekly Dividend Direct Plan
- Sbi Magnum Low Duration Fund Weekly Dividend
- Sbi Psu Fund Direct Plan Dividend Option
- Sbi Psu Fund Direct Plan Growth Option
- Sbi Psu Fund Dividend Payout Direct Plan
- Sbi Psu Fund Regular Plan Dividend Option
- Sbi Psu Fund Regular Plan Dividend Payout
- Sbi Psu Fund Regular Plan Growth Option
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