Invesco India Contra Fund vs SBI BSE 100 ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Invesco India Contra Fund is a Value and Contra fund and SBI BSE 100 ETF is a mutual fund. In the 3 years to 30-10-2026, Invesco India Contra Fund (Direct) returned 14.2% a year and SBI BSE 100 ETF (Regular) returned 8.8% a year. Invesco India Contra Fund charges 0.76% a year and SBI BSE 100 ETF 0.16%. Their portfolios overlap 39.7%: they hold 32 of the same securities.
Invesco India Contra Fund
Value and Contra
- 3 year return
- 14.2%
- Expense ratio
- 0.76%
- NAV
- ₹152.34
Which is better, Invesco India Contra or SBI BSE 100 ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Invesco India Contra returned more over 5 years: 11.8% a year against 7.6%.
- Invesco India Contra returned more over 3 years: 14.2% a year against 8.8%.
- SBI BSE 100 ETF costs less: 0.16% a year against 0.76%.
- SBI BSE 100 ETF swung less over 3 years: a standard deviation of 13.5% a year against 14.9%.
- Invesco India Contra fell less in its worst fall since 25-03-2015: −36.5% against −38.2%.
- SBI BSE 100 ETF holds more in large companies: 90.2% of the fund in large caps against 52.2%.
- Invesco India Contra is the larger fund: ₹19,248 Cr against ₹9 Cr.
- Their portfolios overlap 39.7%: 32 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 | Invesco India Contra Fund | SBI BSE 100 ETF |
|---|---|---|
| Fund house | Invesco Mutual Fund | SBI Mutual Fund |
| Category | Value and Contra | Not available |
| AUM | ₹19,248 Cr (30-09-2026) | ₹9 Cr (30-09-2026) |
| NAV | ₹152.34 (Direct) | ₹272.01 (Regular) |
| Expense ratio (Direct) | 0.76% | Not available |
| Expense ratio (Regular) | 1.85% | 0.16% |
| Riskometer | Very High | Not available |
| Benchmark | BSE 500 TRI | Not available |
| Launch date | 11-04-2007 | Not available |
| Minimum investment | Not available | Not available |
| Lock in | None | Not available |
| Fund managers | Taher Badshah, Deepak Gupta | Not available |
| Exit load | Exit load for units in excess of 10% of the investment, 1% will be charged for redemption within 1 year. | Not available |
Invesco India Contra vs SBI BSE 100 ETF: 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 |
|---|---|---|---|---|---|---|---|
| Invesco India Contra Fund (Direct) | −0.30% | −4.19% | +0.91% | −6.49% | +14.19% | +11.77% | +15.21% |
| SBI BSE 100 ETF (Regular) | +0.93% | −5.53% | −2.97% | −9.05% | +8.78% | +7.62% | +11.52% |
| Value and Contra average | −2.09% | −5.76% | −3.23% | −5.72% | +11.83% | +11.08% | +12.63% |
Category average: the average of the 30 Value and Contra funds, same plan type.
Invesco India Contra vs SBI BSE 100 ETF: Year-wise Returns
| Year | Invesco India ContraInvesco India Contra | SBI BSE 100 ETFSBI BSE 100 ETF |
|---|---|---|
| 2026to date | −6.43% | −9.80% |
| 2025 | +4.26% | +10.33% |
| 2024 | +31.65% | +13.11% |
| 2023 | +30.29% | +23.07% |
| 2022 | +5.09% | +5.85% |
| 2021 | +31.26% | +26.33% |
Invesco India Contra vs SBI BSE 100 ETF: Rolling Returns
Every holding period of both funds, against BSE 500 TRI, the benchmark of Invesco India Contra Fund
Rolling returns
Every 3-year holding period, 2,117 of them, one for each trading day from 26-03-2018 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.
Invesco India Contra Fund (Direct)
SBI BSE 100 ETF (Regular)
BSE 500 TRI
to
Dec 2018May 2017
to
May 2020Nov 2018
to
Nov 2021Apr 2020
to
Apr 2023Oct 2021
to
Oct 2024Feb 2023
to
Feb 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Invesco India Contra | 0.3 | 2.7 | 7.8 | 13.9 | 35.3 | 35.0 | 5.0 | 17.7% | 18.5% | −2.8% | 33.4% | 93% |
| SBI BSE 100 ETF | 2.2 | 5.6 | 11.5 | 39.8 | 32.3 | 6.3 | 2.4 | 13.7% | 14.1% | −6.3% | 32.6% | 13% |
| BSE 500 TRI | 2.3 | 5.3 | 8.5 | 32.0 | 34.7 | 13.0 | 4.2 | 14.9% | 15.2% | −6.2% | 33.9% | -- |
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 25-03-2015. Past returns do not promise future returns.
Invesco India Contra vs SBI BSE 100 ETF: 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 02-03-2015 to 30-10-2026: 140 instalments, ₹14,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Invesco India ContraInvesco India Contra Fund (Direct) | ₹14,00,000 | ₹35,34,877 | ₹21,34,877 | 15.0% |
| SBI BSE 100 ETFSBI BSE 100 ETF (Regular) | ₹14,00,000 | ₹27,53,623 | ₹13,53,623 | 11.0% |
Invesco India ContraInvesco India Contra Fund (Direct)
SBI BSE 100 ETFSBI BSE 100 ETF (Regular)
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.
Invesco India Contra vs SBI BSE 100 ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Invesco India Contra Fund (Direct) | SBI BSE 100 ETF (Regular) |
|---|---|---|
| Return (CAGR) | −6.49% | −9.05% |
| Standard deviation | 15.31% | 13.91% |
| Sharpe ratio | -0.77 | -1.03 |
| Sortino ratio | -1.04 | -1.36 |
| Maximum drawdown | −16.5% (30-03-2026) | −15.0% (31-03-2026) |
| Beta | 1.05 | 1.00 |
| Alpha | +1.84% | −0.16% |
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 | Invesco India Contra Fund (Direct) | SBI BSE 100 ETF (Regular) |
|---|---|---|
| Return (CAGR) | +14.19% | +8.78% |
| Standard deviation | 14.87% | 13.55% |
| Sharpe ratio | 0.55 | 0.20 |
| Sortino ratio | 0.75 | 0.28 |
| Maximum drawdown | −18.6% (28-02-2025) | −16.7% (28-02-2025) |
| Beta | 1.02 | 1.00 |
| Alpha | +4.20% | −0.18% |
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 | Invesco India Contra Fund (Direct) | SBI BSE 100 ETF (Regular) |
|---|---|---|
| Return (CAGR) | +11.77% | +7.62% |
| Standard deviation | 14.41% | 13.90% |
| Sharpe ratio | 0.41 | 0.13 |
| Sortino ratio | 0.56 | 0.18 |
| Maximum drawdown | −18.6% (28-02-2025) | −16.7% (28-02-2025) |
| Beta | 0.99 | 1.00 |
| Alpha | +3.16% | −0.17% |
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 | Invesco India Contra Fund (Direct) | SBI BSE 100 ETF (Regular) |
|---|---|---|
| Return (CAGR) | +16.92% | +10.40% |
| Standard deviation | 15.82% | 15.99% |
| Sharpe ratio | 0.69 | 0.30 |
| Sortino ratio | 0.93 | 0.40 |
| Maximum drawdown | −36.5% (23-03-2020) | −38.2% (23-03-2020) |
| Beta | 0.97 | 1.00 |
| Alpha | +4.31% | −0.44% |
From daily NAVs, 02-01-2013 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.
Invesco India Contra Fund (Direct)
SBI BSE 100 ETF (Regular)
BSE 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Invesco India Contra Fund (Direct) | −36.5% | 20-02-2020 | 23-03-2020 | 05-11-2020 | 7 months | −8.3% |
| SBI BSE 100 ETF (Regular) | −38.2% | 17-01-2020 | 23-03-2020 | 09-11-2020 | 8 months | −10.6% |
| BSE 500 TRI | −38.1% | 17-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −9.4% |
From daily values since 25-03-2015, 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.
Invesco India Contra Fund (Direct)
SBI BSE 100 ETF (Regular)
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.
Invesco India Contra Fund (Direct)
SBI BSE 100 ETF (Regular)
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.
Invesco India Contra Fund (Direct)
SBI BSE 100 ETF (Regular)
BSE 500 TRI
Against BSE 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Invesco India Contra Fund (Direct) | 104% | 91% | 3.83% |
| SBI BSE 100 ETF (Regular) | 94% | 96% | 2.37% |
From month-end values since 25-03-2015. 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.
Invesco India Contra vs SBI BSE 100 ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Invesco India Contra Fund, September 2026; SBI BSE 100 ETF, September 2026
Holdings in common
- Overlap
- 39.7%
- Held by both
- 32
- Only in Invesco India Contra
- 39
- Only in SBI BSE 100 ETF
- 68
| Security | % of Invesco India Contra | % of SBI BSE 100 ETF |
|---|---|---|
| ICICI Bank Limited | 5.90% | 7.24% |
| Larsen & Toubro Limited | 4.84% | 3.35% |
| State Bank of India | 3.07% | 3.04% |
| Bharti Airtel Limited | 2.40% | 4.18% |
| Axis Bank Limited | 2.38% | 2.68% |
| Infosys Limited | 2.16% | 2.68% |
| Mahindra & Mahindra Limited | 2.95% | 2.01% |
| Reliance Industries Limited | 1.89% | 6.01% |
| Kotak Mahindra Bank Ltd | 1.43% | 2.34% |
| Tata Consultancy Services Limited | 1.19% | 1.58% |
| Bharat Electronics Limited | 1.25% | 1.07% |
| Shriram Finance Limited | 1.36% | 1.04% |
| Divi's Laboratories Limited | 1.65% | 0.90% |
| Grasim Industries Limited | 0.99% | 0.87% |
| Hindalco Industries Limited | 0.86% | 1.03% |
| InterGlobe Aviation Limited | 0.98% | 0.85% |
| Tech Mahindra Limited | 1.45% | 0.75% |
| Adani Enterprises Limited | 1.19% | 0.75% |
| TVS Motor Company Limited | 1.56% | 0.73% |
| Tata Motors Ltd | 1.83% | 0.68% |
| Apollo Hospitals Enterprise Limited | 2.06% | 0.63% |
| The Federal Bank Limited | 2.13% | 0.60% |
| Samvardhana Motherson International Limited | 1.57% | 0.55% |
| Cholamandalam Investment and Finance Company Limited | 2.45% | 0.54% |
| SBI Life Insurance Company Limited | 0.49% | 0.58% |
| Coforge Limited | 2.02% | 0.46% |
| IndusInd Bank Limited | 1.86% | 0.45% |
| Varun Beverages Ltd | 1.21% | 0.45% |
| Lupin Limited | 1.22% | 0.38% |
| Bank of Baroda | 1.12% | 0.33% |
| ICICI Lombard General Insurance Company Limited | 0.97% | 0.30% |
| Oil & Natural Gas Corporation Limited | 0.29% | 0.67% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 39.7% means 39.7% 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 Invesco India Contra Fund
| Security | % of fund |
|---|---|
| Glenmark Pharmaceuticals Limited | 2.06% |
| Meesho Ltd | 1.98% |
| Prestige Estates Projects Limited | 1.96% |
| FSN E-Commerce Ventures Limited | 1.76% |
| Shyam Metalics and Energy Limited | 1.61% |
Largest holdings only in SBI BSE 100 ETF
| Security | % of fund |
|---|---|
| HDFC Bank Ltd. | 8.26% |
| Bajaj Finance Ltd. | 1.96% |
| ITC Ltd. | 1.94% |
| Eternal Ltd. | 1.76% |
| Sun Pharmaceutical Industries Ltd. | 1.50% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Invesco India Contra | SBI BSE 100 ETF |
|---|---|---|
| Equity | 96.6% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 3.4% | 0.0% |
Market cap of stocks
| Market cap | Invesco India Contra | SBI BSE 100 ETF |
|---|---|---|
| Large Cap | 52.2% | 90.2% |
| Mid Cap | 21.1% | 9.7% |
| Small Cap | 22.5% | 0.0% |
| Not on AMFI's list | 0.7% | 0.0% |
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 | Invesco India Contra | SBI BSE 100 ETF |
|---|---|---|
| Banks | 19.3% | 26.7% |
| Pharmaceuticals & Biotechnology | 7.9% | 3.9% |
| IT - Software | 7.8% | 7.5% |
| Petroleum Products | 1.9% | 6.8% |
| Retailing | 6.7% | 3.3% |
| Automobiles | 4.5% | 6.5% |
| Finance | 4.5% | 5.8% |
| Construction | 5.7% | 3.4% |
| Capital Markets | 5.0% | 0.3% |
| Telecom - Services | 2.4% | 4.5% |
The six largest sectors of each fund's stocks, % of the fund.
Invesco India Contra vs SBI BSE 100 ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Invesco India Contra Fund | SBI BSE 100 ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.76% | Not available |
| Base expense ratio (Direct) | 0.49% | 0.00% |
| Total expense ratio (Regular) | 1.85% | 0.16% |
| Base expense ratio (Regular) | 1.42% | 0.12% |
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
Invesco India Contra Fund vs SBI BSE 100 ETF: Frequently Asked Questions
What is the difference between Invesco India Contra Fund and SBI BSE 100 ETF?
Invesco India Contra Fund is a Value and Contra fund, SBI BSE 100 ETF is a mutual fund, run by Invesco Mutual Fund and SBI Mutual Fund. Their portfolios overlap 39.7%. Invesco India Contra Fund charges 0.76% a year and SBI BSE 100 ETF 0.16%.
Which has given higher returns, Invesco India Contra Fund or SBI BSE 100 ETF?
Over 1 year: Invesco India Contra Fund −6.49%, SBI BSE 100 ETF −9.05%. Over 3 years: Invesco India Contra Fund +14.19% a year, SBI BSE 100 ETF +8.78% a year. Over 5 years: Invesco India Contra Fund +11.77% a year, SBI BSE 100 ETF +7.62% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Invesco India Contra Fund or SBI BSE 100 ETF?
SBI BSE 100 ETF charges less: 0.16% a year against 0.76%. These are the total expense ratios reported to AMFI.
How much do Invesco India Contra Fund and SBI BSE 100 ETF overlap?
39.7%. They hold 32 of the same securities, the largest shared ones being ICICIBANK, LT, SBIN. From each fund's latest monthly portfolio.
Which is better for SIP, Invesco India Contra Fund or SBI BSE 100 ETF?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹8,03,061 in Invesco India Contra Fund (XIRR 10.8% a year) and ₹7,13,638 in SBI BSE 100 ETF (XIRR 6.1% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Invesco India Contra Fund and SBI BSE 100 ETF?
Yes. 39.7% of each fund's money sits in the same holdings, so some of the two investments would move together.
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.