SBI Contra Fund, the first contra scheme launched by an AMC in India has completed a milestone of 24 years. The AUM of the scheme stands at Rs. 11,893 crores as on 30th June 2023. The scheme has generated an 18.97% return since inception vis-à-vis 15.28% of its benchmark S&P BSE 500 TRI. If someone invested a lumpsum of Rs 1 lakh in the fund when it was launched, the investment would have become Rs 65.20 lakhs. The number of folios stands at 8.78 lakhs.
Launched on July 5, 1999, the scheme has offered point-to-point returns of 18.71% in 5 years, 40.91% in 3 years, and 32.63% over 1 year. During the same time period, the scheme’s benchmark (S&P BSE 500 – TRI) delivered 13.86%, 26.40%, and 23.98% returns, respectively.
A monthly SIP made in the fund of Rs. 10,000 since inception (Rs. 28.8 lakhs invested) would be worth Rs. 4.87 crores as on June 30, 2023, delivering returns of 19.57%. Similarly, the scheme has delivered returns of 15.13% (15 years), 17.55% (10 years), 26.51% (5 years), 28.73% (3 years) and 28.25% (1 year) vis-à-vis its benchmark S&P BSE 500 TRI returns of 13.93% (15 years), 14.49% (10 years), 17.10% (5 years), 16.77% (3 years) and 19.32% (1 year).
The fund managers of the fund are Dinesh Balachandran and Mohit Jain (dedicated fund manager for overseas investments).
- Past performance may or may not be sustained in the future and the same may not necessarily provide the basis for comparison with other investments.
- Periodical SIP Performances (1 Year, 3 Years, 5 Years, 10 Years & 15 Years) are computed considering SIP Investment on 1st business day of every month.
- “Since Inception SIP” performance is computed considering 1st installment on the allotment date and thereafter on 1st business day of every subsequent month.
- For the calculation of Scheme returns, where the NAV is not declared for the SIP date due to SEBI regulation related to the frequency of NAV declaration applicable on that time, returns are computed considering the declared NAV of next business day.
- Returns are calculated for Regular Plan IDCW Option. The calculation is derived by IDCW reinvested at the prevailing NAV.
- Past performance may or may not be sustained in the future and the same may not necessarily provide the basis for comparison with other investments.
- The period for which the scheme’s performance has been provided is computed basis of the last day of the month-end preceding the date of advertisement. In case, the start/end date of the concerned period is a non-business day, the NAV of the previous date is considered for computation of returns.
- The performance of the schemes is benchmarked to the Total Return variant of the Index.
- Wherever NAV/Benchmark Index value is not available for the start/end date for the concerned period, the previous business day value of the NAV/Benchmark Index is considered for return computation.
- As TRI data is not available since the inception of the scheme, benchmark performance is calculated using the composite CAGR of the PRI benchmark till the date from which TRI is available.
- Load is not considered for the computation of returns.