Aditya Birla Sun Life Special Opportunities Fund vs Invesco India Contra Fund
Direct Plan, Growth option · Data as on 30-10-2026
Aditya Birla Sun Life Special Opportunities Fund is a Thematic fund and Invesco India Contra Fund is a Value and Contra fund. In the 3 years to 30-10-2026, Aditya Birla Sun Life Special Opportunities Fund (Direct) returned 18.3% a year and Invesco India Contra Fund (Direct) returned 14.2% a year. Aditya Birla Sun Life Special Opportunities Fund charges 1.18% a year and Invesco India Contra Fund 0.76% (Direct plans). Their portfolios overlap 26.8%: they hold 20 of the same securities.
Aditya Birla Sun Life Special Opportunities Fund
Thematic
- 3 year return
- 18.3%
- Expense ratio
- 1.18%
- NAV
- ₹29.45
Invesco India Contra Fund
Value and Contra
- 3 year return
- 14.2%
- Expense ratio
- 0.76%
- NAV
- ₹152.34
Which is better, Aditya Birla Sun Life Special Opportunities or Invesco India Contra? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Aditya Birla Sun Life Special Opportunities returned more over 5 years: 12.6% a year against 11.8%.
- Aditya Birla Sun Life Special Opportunities returned more over 3 years: 18.3% a year against 14.2%.
- Invesco India Contra costs less: 0.76% a year against 1.18% (Direct plans).
- Aditya Birla Sun Life Special Opportunities swung less over 3 years: a standard deviation of 14.2% a year against 14.9%.
- Invesco India Contra fell less in its worst fall since 27-10-2020: −18.6% against −20.3%.
- Invesco India Contra holds more in large companies: 52.2% of the fund in large caps against 36.4%.
- Invesco India Contra is the larger fund: ₹19,248 Cr against ₹1,357 Cr.
- Their portfolios overlap 26.8%: 20 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Aditya Birla Sun Life Special Opportunities Fund | Invesco India Contra Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | Invesco Mutual Fund |
| Category | Thematic | Value and Contra |
| AUM | ₹1,357 Cr (30-09-2026) | ₹19,248 Cr (30-09-2026) |
| NAV | ₹29.45 (Direct) | ₹152.34 (Direct) |
| Expense ratio (Direct) | 1.18% | 0.76% |
| Expense ratio (Regular) | 2.28% | 1.85% |
| Riskometer | Very High | Very High |
| Benchmark | BSE 500 TRI | BSE 500 TRI |
| Launch date | 23-10-2020 | 11-04-2007 |
| Minimum investment | ₹500 | Not available |
| Lock in | None | None |
| Fund managers | Dhaval Gala | Taher Badshah, Deepak Gupta |
| Exit load | Exit load of 1%, if redeemed within 30 days. | Exit load for units in excess of 10% of the investment, 1% will be charged for redemption within 1 year. |
Aditya Birla Sun Life Special Opportunities vs Invesco India Contra: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Special Opportunities Fund (Direct) | −2.97% | −3.22% | +4.77% | +5.40% | +18.27% | +12.63% | -- |
| Invesco India Contra Fund (Direct) | −0.30% | −4.19% | +0.91% | −6.49% | +14.19% | +11.77% | +15.21% |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | +11.62% | -- |
| Value and Contra average | −2.09% | −5.76% | −3.23% | −5.72% | +11.83% | +11.08% | +12.63% |
Category average: the average of the 235 Thematic funds and the 30 Value and Contra funds, same plan type.
Aditya Birla Sun Life Special Opportunities vs Invesco India Contra: Year-wise Returns
| Year | Aditya Birla Sun Life Special OpportunitiesAditya Birla Sun Life Special Opportunities | Invesco India ContraInvesco India Contra | BSE 500 TRI |
|---|---|---|---|
| 2026to date | +2.15% | −6.43% | −7.81% |
| 2025 | +14.81% | +4.26% | +7.63% |
| 2024 | +22.91% | +31.65% | +15.81% |
| 2023 | +26.97% | +30.29% | +26.55% |
| 2022 | +0.63% | +5.09% | +4.77% |
| 2021 | +35.16% | +31.26% | +31.63% |
Aditya Birla Sun Life Special Opportunities vs Invesco India Contra: Rolling Returns
Every holding period of both funds, against BSE 500 TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 741 of them, one for each trading day from 27-10-2023 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Aditya Birla Sun Life Special Opportunities Fund (Direct)
Invesco India Contra Fund (Direct)
BSE 500 TRI
to
Jan 2024Jul 2021
to
Jul 2024Jan 2022
to
Jan 2025Aug 2022
to
Aug 2025Feb 2023
to
Feb 2026Aug 2023
to
Aug 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Special Opportunities | 0.0 | 0.0 | 0.0 | 6.6 | 45.9 | 47.5 | 0.0 | 19.5% | 19.9% | 11.5% | 24.0% | 89% |
| Invesco India Contra | 0.0 | 0.0 | 0.0 | 4.6 | 28.5 | 62.0 | 4.9 | 20.7% | 21.0% | 12.4% | 27.8% | 100% |
| BSE 500 TRI | 0.0 | 0.0 | 3.4 | 27.5 | 54.5 | 14.6 | 0.0 | 16.4% | 16.4% | 8.4% | 22.2% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is BSE 500 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 27-10-2020. Past returns do not promise future returns.
Aditya Birla Sun Life Special Opportunities vs Invesco India Contra: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 27-10-2020 to 30-10-2026: 73 instalments, ₹7,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Aditya Birla Sun Life Special OpportunitiesAditya Birla Sun Life Special Opportunities Fund (Direct) | ₹7,30,000 | ₹11,72,279 | ₹4,42,279 | 15.5% |
| Invesco India ContraInvesco India Contra Fund (Direct) | ₹7,30,000 | ₹10,68,854 | ₹3,38,854 | 12.4% |
Aditya Birla Sun Life Special OpportunitiesAditya Birla Sun Life Special Opportunities Fund (Direct)
Invesco India ContraInvesco India Contra Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Aditya Birla Sun Life Special Opportunities vs Invesco India Contra: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Aditya Birla Sun Life Special Opportunities Fund (Direct) | Invesco India Contra Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.40% | −6.49% |
| Standard deviation | 14.59% | 15.31% |
| Sharpe ratio | 0.01 | -0.77 |
| Sortino ratio | 0.02 | -1.04 |
| Maximum drawdown | −13.3% (30-03-2026) | −16.5% (30-03-2026) |
| Beta | 0.95 | 1.05 |
| Alpha | +12.45% | +1.84% |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Aditya Birla Sun Life Special Opportunities Fund (Direct) | Invesco India Contra Fund (Direct) |
|---|---|---|
| Return (CAGR) | +18.27% | +14.19% |
| Standard deviation | 14.15% | 14.87% |
| Sharpe ratio | 0.87 | 0.55 |
| Sortino ratio | 1.20 | 0.75 |
| Maximum drawdown | −17.7% (07-04-2025) | −18.6% (28-02-2025) |
| Beta | 0.95 | 1.02 |
| Alpha | +8.57% | +4.20% |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Aditya Birla Sun Life Special Opportunities Fund (Direct) | Invesco India Contra Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.63% | +11.77% |
| Standard deviation | 14.34% | 14.41% |
| Sharpe ratio | 0.48 | 0.41 |
| Sortino ratio | 0.65 | 0.56 |
| Maximum drawdown | −19.8% (20-06-2022) | −18.6% (28-02-2025) |
| Beta | 0.96 | 0.99 |
| Alpha | +4.08% | +3.16% |
From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Aditya Birla Sun Life Special Opportunities Fund (Direct) | Invesco India Contra Fund (Direct) |
|---|---|---|
| Return (CAGR) | +19.58% | +16.92% |
| Standard deviation | 14.26% | 15.82% |
| Sharpe ratio | 1.00 | 0.69 |
| Sortino ratio | 1.38 | 0.93 |
| Maximum drawdown | −20.3% (20-06-2022) | −36.5% (23-03-2020) |
| Beta | 0.95 | 0.97 |
| Alpha | +4.60% | +4.31% |
From daily NAVs, 27-10-2020 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Aditya Birla Sun Life Special Opportunities Fund (Direct)
Invesco India Contra Fund (Direct)
BSE 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Special Opportunities Fund (Direct) | −20.3% | 18-10-2021 | 20-06-2022 | 03-07-2023 | 12 months | −6.7% |
| Invesco India Contra Fund (Direct) | −18.6% | 24-09-2024 | 28-02-2025 | Not yet | -- | −8.3% |
| BSE 500 TRI | −18.7% | 26-09-2024 | 28-02-2025 | Not yet | -- | −9.4% |
From daily values since 27-10-2020, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life Special Opportunities Fund (Direct)
Invesco India Contra Fund (Direct)
BSE 500 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life Special Opportunities Fund (Direct)
Invesco India Contra Fund (Direct)
BSE 500 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life Special Opportunities Fund (Direct)
Invesco India Contra Fund (Direct)
BSE 500 TRI
Against BSE 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Aditya Birla Sun Life Special Opportunities Fund (Direct) | 106% | 87% | 4.48% |
| Invesco India Contra Fund (Direct) | 103% | 89% | 3.81% |
From month-end values since 27-10-2020. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Aditya Birla Sun Life Special Opportunities vs Invesco India Contra: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life Special Opportunities Fund, September 2026; Invesco India Contra Fund, September 2026
Holdings in common
- Overlap
- 26.8%
- Held by both
- 20
- Only in Aditya Birla Sun Life Special Opportunities
- 48
- Only in Invesco India Contra
- 51
| Security | % of Aditya Birla Sun Life Special Opportunities | % of Invesco India Contra |
|---|---|---|
| ICICI Bank Ltd. | 2.92% | 5.90% |
| Bharti Airtel Ltd. | 3.69% | 2.40% |
| Axis Bank Ltd. | 1.99% | 2.38% |
| Meesho Ltd. | 3.05% | 1.98% |
| Infosys Ltd. | 1.61% | 2.16% |
| Tata Motors Ltd. | 1.60% | 1.83% |
| RBL Bank Ltd. | 1.73% | 1.42% |
| Coforge Ltd. | 1.42% | 2.02% |
| Shriram Finance Ltd. | 2.95% | 1.36% |
| Mahindra & Mahindra Ltd. | 1.30% | 2.95% |
| Varun Beverages Ltd. | 1.54% | 1.21% |
| Craftsman Automation Ltd. | 1.41% | 1.07% |
| Adani Enterprises Ltd. | 1.00% | 1.19% |
| ICICI Lombard General Insurance Company Ltd. | 1.04% | 0.97% |
| Reliance Industries Ltd. | 0.94% | 1.89% |
| Tech Mahindra Ltd. | 0.92% | 1.45% |
| Swiggy Ltd. | 0.92% | 1.03% |
| Grasim Industries Ltd. | 0.74% | 0.99% |
| Hindalco Industries Ltd. | 0.70% | 0.86% |
| Arvind Ltd. | 0.56% | 0.33% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 26.8% means 26.8% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Aditya Birla Sun Life Special Opportunities Fund
| Security | % of fund |
|---|---|
| Aditya Infotech Ltd. | 7.48% |
| SPR Auto Technologies Ltd. | 2.57% |
| Union Bank of India | 2.12% |
| Billionbrains Garage Ventures Ltd. | 2.04% |
| Sedemac Mechatronics Ltd. | 2.02% |
Largest holdings only in Invesco India Contra Fund
| Security | % of fund |
|---|---|
| Larsen & Toubro Limited | 4.84% |
| State Bank of India | 3.07% |
| Cholamandalam Investment and Finance Company Limited | 2.45% |
| The Federal Bank Limited | 2.13% |
| Apollo Hospitals Enterprise Limited | 2.06% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life Special Opportunities | Invesco India Contra |
|---|---|---|
| Equity | 93.6% | 96.6% |
| Debt | 0.0% | 0.0% |
| Cash and others | 6.4% | 3.4% |
Market cap of stocks
| Market cap | Aditya Birla Sun Life Special Opportunities | Invesco India Contra |
|---|---|---|
| Large Cap | 36.4% | 52.2% |
| Mid Cap | 13.7% | 21.1% |
| Small Cap | 39.9% | 22.5% |
| Not on AMFI's list | 3.5% | 0.7% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Aditya Birla Sun Life Special Opportunities | Invesco India Contra |
|---|---|---|
| Banks | 12.8% | 19.3% |
| Auto Components | 10.2% | 3.1% |
| Industrial Manufacturing | 9.4% | 2.3% |
| Pharmaceuticals & Biotechnology | 4.0% | 7.9% |
| IT - Software | 5.3% | 7.8% |
| Retailing | 7.3% | 6.7% |
| Finance | 6.1% | 4.5% |
| Construction | 0.4% | 5.7% |
| Capital Markets | 3.6% | 5.0% |
The six largest sectors of each fund's stocks, % of the fund.
Aditya Birla Sun Life Special Opportunities vs Invesco India Contra: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life Special Opportunities Fund | Invesco India Contra Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.18% | 0.76% |
| Base expense ratio (Direct) | 0.87% | 0.49% |
| Total expense ratio (Regular) | 2.28% | 1.85% |
| Base expense ratio (Regular) | 1.84% | 1.42% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
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Aditya Birla Sun Life Special Opportunities Fund vs Invesco India Contra Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life Special Opportunities Fund and Invesco India Contra Fund?
Aditya Birla Sun Life Special Opportunities Fund is a Thematic fund, Invesco India Contra Fund is a Value and Contra fund, run by Aditya Birla Sun Life Mutual Fund and Invesco Mutual Fund. Their portfolios overlap 26.8%. Aditya Birla Sun Life Special Opportunities Fund charges 1.18% a year and Invesco India Contra Fund 0.76%.
Which has given higher returns, Aditya Birla Sun Life Special Opportunities Fund or Invesco India Contra Fund?
Over 1 year: Aditya Birla Sun Life Special Opportunities Fund +5.40%, Invesco India Contra Fund −6.49%. Over 3 years: Aditya Birla Sun Life Special Opportunities Fund +18.27% a year, Invesco India Contra Fund +14.19% a year. Over 5 years: Aditya Birla Sun Life Special Opportunities Fund +12.63% a year, Invesco India Contra Fund +11.77% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Aditya Birla Sun Life Special Opportunities Fund or Invesco India Contra Fund?
Invesco India Contra Fund charges less: 0.76% a year against 1.18%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life Special Opportunities Fund and Invesco India Contra Fund overlap?
26.8%. They hold 20 of the same securities, the largest shared ones being ICICIBANK, BHARTIARTL, AXISBANK. From each fund's latest monthly portfolio.
Which is riskier, Aditya Birla Sun Life Special Opportunities Fund or Invesco India Contra Fund?
On SEBI's riskometer, Aditya Birla Sun Life Special Opportunities Fund is rated Very High and Invesco India Contra Fund Very High. Over 3 years, the standard deviation of daily returns was 14.15% and 14.87% a year.
Which is better for SIP, Aditya Birla Sun Life Special Opportunities Fund or Invesco India Contra Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹8,85,799 in Aditya Birla Sun Life Special Opportunities Fund (XIRR 14.7% a year) and ₹8,03,061 in Invesco India Contra Fund (XIRR 10.8% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Aditya Birla Sun Life Special Opportunities Fund and Invesco India Contra Fund?
Yes. 26.8% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Aditya Birla Sun Life Special Opportunities Fund and Invesco India Contra Fund?
Aditya Birla Sun Life Special Opportunities Fund: Dhaval Gala. Invesco India Contra Fund: Taher Badshah, Deepak Gupta.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.