SBI Contra Fund: A contrarian approach in investing is putting money in companies which are fundamentally good but whose share prices are not reflecting the true potential.
Objective: To provide the investors maximum growth opportunity through equity investments in stocks of growth oriented sectors of the economy. There are five sub-funds dedicated to specific investment themes viz. Information Technology,Pharmaceuticals, FMCG, Contrarian (investment in stocks currently out of favour) and Emerging Businesses.
The contrarian strategy invests in stocks which are presently out of favour. The fund endeavors to identify such contrarian opportunities.
Who can invest?
Investor who prefers value investing may invest in this fund. This is suitable for investors looking for long term return.
|Instrument||Normal Allocation (% of Net Assets)||Risk Profile|
|Equities of particular sector||90%-100%||High|
|Money market instruments||0%-10%||Low|
|Date of Inception||14/07/1999|
|Minimum Application||Rs. 2000|
|Exit Load||For exit within 1 year from the date of allotment – 1 %. For exit after 1 year from the date of allotment – Nil.|
|SIP||Rs. 100/month – 60 months
Rs.500/month – 12 months,
Rs.1000/month – 6months,
Rs.1500/quarter – 12 months
|SWP||Rs 500 per month or quarter|