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    SBI Contra Fund

    Value and ContraDirect and Regular plans, Growth and IDCW options

    Data as on 29-10-2026

    SBI Contra Fund is a Value and Contra fund run by SBI Mutual Fund. On 30-09-2026, it managed ₹45,068 Cr of investors' money. In the 3 years to 29-10-2026, its Direct plan returned 10.4% a year and its Regular plan returned 9.4% a year. Its benchmark, BSE 500 TRI, returned 10.1% a year over the same 3 years.

    NAV (Direct plan)
    ₹393.34
    ▲ 0.84%29-10-2026
    NAV (Regular plan)
    ₹356.60
    ▲ 0.83%29-10-2026
    Expense ratio
    0.87%Direct1.62%Regular
    Riskometer
    Very High
    Set by the fund house
    3 year return
    10.4%Direct9.4%Regular

    SBI Contra Fund NAV Today

    NAV on 29-10-2026: Direct Plan Growth ₹393.34 (up 0.84% that day); Regular Plan Growth ₹356.60 (up 0.83% that day).

    SBI Contra Fund Returns vs BSE 500 TRI

    Returns as on 29-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

    Trailing returns
    Period1M3M6M1Y3Y5Y10Y
    This fund (Direct)−1.16%−5.77%−4.40%−9.28%+10.39%+13.53%+14.70%
    This fund (Regular)−1.22%−5.95%−4.76%−9.97%+9.45%+12.57%+13.85%
    BSE 500 TRI−0.74%−5.77%−3.46%−7.82%+10.13%+8.72%+12.57%
    Value and Contra average−2.09%−5.76%−3.23%−5.72%+11.83%+11.08%+12.63%
    Best in Value and Contra+1.07%−2.13%+5.94%+10.90%+19.06%+14.91%+15.65%
    Worst in Value and Contra−6.48%−8.85%−7.78%−11.71%+4.90%+5.05%+5.16%
    Rank in Value and Contra10/3012/2617/2519/2516/242/203/15

    Category rows compare the Direct plans of 30 Value and Contra funds. Rank 1 is the highest return.

    SBI Contra Fund Year-wise Returns

    Return of each calendar year
    YearDirectRegularBSE 500 TRI
    2026to date−10.04%−10.61%−7.54%
    2025+7.02%+6.13%+7.63%
    2024+19.94%+18.80%+15.81%
    2023+39.53%+38.22%+26.55%
    2022+13.63%+12.76%+4.77%
    2021+50.98%+49.92%+31.63%

    SBI Contra Fund Rolling Returns

    The return of every holding period in the fund's history, not only the one that ends today

    Rolling returns

    Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 2,676 periods, one for each trading day from 04-01-2016 to 29-10-2026.

    −10%0%10%20%30%40%50%
    Nov 2013
    to
    Nov 2016
    Sept 2015
    to
    Sept 2018
    Jul 2017
    to
    Jul 2020
    May 2019
    to
    May 2022
    Mar 2021
    to
    Mar 2024
    Dec 2022
    to
    Dec 2025
    SBI Contra Fund (Direct)BSE 500 TRI

    Every holding period at a glance

    PeriodPeriodsMedianLowestHighestWith a lossBenchmark medianBeat benchmark
    1 year3,16413.6%−36.1%124.0%22%11.3%55%
    2 years2,92218.7%−20.4%70.0%13%15.5%60%
    3 years2,67617.9%−10.2%49.2%6%14.9%68%
    5 years2,18315.8%−4.5%40.1%2%14.9%57%
    7 years1,69416.9%3.6%23.0%0%14.3%80%
    10 years95117.2%14.5%20.5%0%14.6%100%

    Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat benchmark" counts the periods in which the fund did better than BSE 500 TRI over the same days. Past returns do not promise future returns.

    SBI Contra Fund Risk

    How much it swings, and the falls an investor had to sit through

    Risk and return

    MeasureSBI Contra Fund (Direct)This fundBSE 500 TRI
    Return (CAGR)+10.39%+9.89%
    Standard deviation12.51%14.19%
    Sharpe ratio0.350.27
    Sortino ratio0.460.37
    Maximum drawdown−15.8% (03-03-2025)−18.7% (28-02-2025)
    Beta0.861.00
    Alpha+0.83%0.00%

    From daily NAVs, 27-10-2023 to 29-10-2026. 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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

    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.

    −50%−40%−30%−20%−10%0%
    2014201620182020202220242026
    SBI Contra Fund (Direct)BSE 500 TRI
    Worst fallHigh before itBottomBack at the highTime to climb backBelow its high today
    SBI Contra Fund (Direct)−44.7%23-01-201823-03-202002-12-20208 months−10.7%
    BSE 500 TRI−38.1%17-01-202023-03-202006-11-20207 months−9.4%

    From the Direct plan's daily NAV since 02-01-2013, adjusted for unit splits, and BSE 500 TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.

    SBI Contra Fund vs Other Value and Contra Funds

    The five Value and Contra funds with the best three year return, and this fund. Direct plans.

    Fund nameRankAUM (Cr)Exp. ratio1Y return3Y return3Y alpha3Y beta3Y Sharpe3Y Sortino
    Quant Value Fund1/241,9170.92%+3.16%+19.06%+8.20%1.150.690.94Compare
    Axis Value Fund2/241,8360.88%+1.22%+17.74%+7.70%0.960.831.13Compare
    DSP Value Fund3/242,2251.53%+0.33%+16.31%+7.28%0.680.991.36Compare
    LIC MF Value Fund4/243361.78%+10.90%+16.07%+5.49%1.090.580.79Compare
    HDFC Value Fund5/248,0391.11%−1.48%+15.13%+5.13%0.950.660.91Compare
    SBI Contra Fund16/2445,0680.87%−9.28%+10.39%+0.83%0.860.350.46

    AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.

    SBI Contra Fund Expense Ratio and Costs

    What each plan charges a year, in force from 19-10-2026

    PlanBase expense ratioBrokerageTransaction costsLevies and GSTTotal expense ratioValue and Contra medianCost rank (1 = cheapest)
    Direct0.63%0.02%0.01%0.21%0.87%1.18%3/30
    Regular1.27%0.02%0.01%0.32%1.62%2.27%2/30

    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, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Value and Contra funds' plans of the same type are sorted from the lowest total expense ratio to the highest.

    Direct vs Regular: what the gap cost

    Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.

    Over the lastRegularDirectDirect earned more by₹1 lakh became (Regular)₹1 lakh became (Direct)
    1 year−9.97%−9.28%0.69%₹90,030₹90,720
    3 years9.45%10.39%0.94% a year₹1,31,113₹1,34,521
    5 years12.57%13.53%0.96% a year₹1,80,765₹1,88,605
    10 years13.85%14.70%0.85% a year₹3,65,873₹3,94,125

    Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.

    SBI Contra Fund SIP Calculator

    What a one-time or monthly investment in this fund would be worth today, from its own NAV history

    Growth of an investment

    Step up each year
    PeriodFor

    ₹10,000 on the first trading day of every month, from 02-01-2013 to 29-10-2026: 166 instalments, ₹16,60,000 in all.

    InvestmentInvestedValue nowGainReturn a year
    Direct planSBI Contra Fund (Direct) ₹16,60,000 ₹53,27,449 ₹36,67,449 15.6%
    Regular planSBI Contra Fund (Regular) ₹16,60,000 ₹49,78,208 ₹33,18,208 14.7%
    BSE 500 TRI ₹16,60,000 ₹42,30,102 ₹25,70,102 12.6%
    Category averageCategory average, 30 Value and Contra funds ₹16,60,000 ₹48,04,960 ₹31,44,960 14.2%
    ₹0₹20.0 L₹40.0 L₹60.0 L
    2014201620182020202220242026
    Direct planSBI Contra Fund (Direct)Regular planSBI Contra Fund (Regular)BSE 500 TRICategory averageCategory average, 30 Value and Contra fundsAmount invested

    From each plan's published NAV (Growth option), the benchmark's TRI and the category average, 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.

    SBI Contra Fund Asset Allocation

    Asset allocation as on 30-09-2026

    What the fund holds

    90.9%Equity

    AssetFundCategory
    Equity90.9%91.8%
    Cash and others6.8%7.3%
    Debt2.2%1.0%

    Market cap of stocks

    Market capFundCategory
    Large Cap50.2%51.3%
    Mid Cap24.5%16.3%
    Small Cap13.8%22.1%
    Foreign stocks2.4%0.5%

    Share of the whole fund. Category: the average of the Value and Contra funds that hold stocks. Groups follow AMFI's latest list, as SEBI defines them: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.

    SBI Contra Fund Sector Allocation

    Sector allocation of the fund's stocks as on 30-09-2026

    Largest sectors

    1. Banks20.2%

    2. Pharmaceuticals & Biotechnology6.7%

    3. Petroleum Products5.8%

    4. Power5.0%

    5. Automobiles3.9%

    6. Telecom - Services3.9%

    7. IT - Software3.6%

    8. Ferrous Metals3.0%

    9. Gas2.9%

    10. Cement & Cement Products2.9%

    The ten largest of 37 sectors. The other 27 add up to 33.1%.

    Sector changes

    SectorJuly 2026August 2026September 2026Change
    Banks19.3%19.7%20.2%+0.9%
    Pharmaceuticals & Biotechnology7.1%7.2%6.7%−0.4%
    Petroleum Products5.8%5.8%5.8%−0.1%
    Power5.3%4.9%5.0%−0.3%
    Automobiles3.9%4.1%3.9%0.0%

    Each sector's share of the fund at the end of each month. The five largest sectors of September 2026. Change: from July 2026 to September 2026, in % of the fund.

    SBI Contra Fund Portfolio Holdings

    As on 30-09-2026 · 93 holdings · from the fund house's monthly portfolio

    HoldingsSector / RatingWeight%Holdings trend1M change
    HDFC Bank Ltd.Banks4.79%0.0%
    Reliance Industries Ltd.Petroleum Products4.67%0.0%
    ICICI Bank Ltd.Banks4.36%0.0%
    Biocon Ltd.Pharmaceuticals & Biotechnology3.29%0.0%
    Kotak Mahindra Bank Ltd.Banks3.15%+4.4%
    Punjab National BankBanks2.91%0.0%
    Indus Towers Ltd.Telecom - Services2.66%0.0%
    Torrent Power Ltd.Power2.48%0.0%
    GAIL (India) Ltd.Gas2.33%0.0%
    Tata Steel Ltd.Ferrous Metals2.13%0.0%

    SBI Contra Fund Stocks Bought and Sold

    All changes are between August 2026 and September 2026

    More
    Stocks bought and sold in September 2026
    Kotak Mahindra Bank Ltd.Added+4.4%3.15%
    Bandhan Bank Ltd.Reduced−3.8%1.46%
    Swiggy Ltd.NewNew1.00%
    Petronet LNG Ltd.Reduced−12.4%0.60%
    Aurobindo Pharma Ltd.Reduced−68.2%0.18%
    Wipro Ltd.NewNew0.53%

    A change is counted by the number of shares the fund holds, not by price. A stock can become a smaller part of the fund in a month when the fund bought more of it, if its price fell. Debt papers are left out.

    What SBI Contra Fund bought and sold

    SBI Contra Fund Portfolio Overlap

    Funds with the most similar portfolios, across every fund house and category

    FundOverlapHoldings in common
    SBI Balanced Advantage FundBalanced Advantage · SBI47.2%47Compare
    SBI ELSS Tax Saver FundELSS · SBI41.3%32Compare
    SBI BSE 100 ETFETF · SBI37.4%34Compare
    Groww NIFTY 200 ETFETF · Groww37.1%48Compare
    Aditya Birla Sun Life Msci India ETFETF · Aditya Birla Sun Life36.1%45Compare
    Kotak MSCI India ETFETF · Kotak Mahindra36.1%45Compare
    DSP MSCI India ETFETF · DSP36.1%45Compare
    JioBlackRock Sector Rotation FundThematic · Jio BlackRock36.1%57Compare

    Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.

    SBI Contra Fund Overview

    Fund facts from the scheme summary document, as on 16-10-2026

    Expense ratio (Direct)
    0.87%
    Expense ratio (Regular)
    1.62%
    Category
    Value and Contra
    Risk
    Very High
    Benchmark
    BSE 500 TRI
    Launch date
    05-07-1999
    Minimum investment
    ₹5,000
    Minimum additional investment
    ₹1,000
    AUM
    ₹45,067.51 Cr (30-09-2026)
    Lock in
    None
    Scheme code (Direct)
    119835
    ISIN (Direct)
    INF200K01RA0
    Scheme code (Regular)
    102414
    ISIN (Regular)
    INF200K01362
    NAV history
    From 02-01-2013, 13.8 years
    Exit load
    Exit load of 0.25% if redeemed within 30 days and 0.10% if redeemed after 30 days but on or before 90 days.

    Tax on SBI Contra Fund returns

    • SBI Contra Fund is taxed as an equity fund: 65% or more of it is in Indian stocks.
    • Units sold within 1 year: the gain is taxed at 20%.
    • Units held longer: gains above ₹1.25 lakh in a financial year, across all your equity funds and shares, are taxed at 12.5%.
    • IDCW (dividend) payouts are added to your income and taxed at your slab rate.
    • A stamp duty of 0.005% is deducted when you invest.

    Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.

    All plans and options

    PlanOptionNAVAs on
    directGrowth₹393.336629-10-2026
    directIDCW₹83.011129-10-2026
    regularGrowth₹356.601329-10-2026
    regularIDCW₹61.836629-10-2026

    About SBI Contra Fund

    SBI Contra Fund is a mutual fund from SBI Mutual Fund. Its category is Value and Contra. It was launched on 05-07-1999. Its benchmark is BSE 500 TRI. At the end of September 2026 it held 93 securities.

    Fund Manager

    • Dinesh Balachandran

      Fund manager of SBI Contra Fund, since 05-05-2018

    See all funds of SBI Mutual Fund

    AUM change

    September 2026
    ₹45,067.51 Cr
    −5.30% from August 2026
    August 2026
    ₹47,589.39 Cr
    −1.40% from July 2026
    July 2026
    ₹48,266.35 Cr
    +1.91% from June 2026

    AUM moves with money invested or taken out, and with the value of what the fund holds.

    Compare SBI Contra Fund with Other Funds

    Returns, risk, costs and the stocks they share, side by side

    Frequently Asked Questions for SBI Contra Fund

    What is the current NAV of SBI Contra Fund?

    The Direct plan NAV is ₹393.3366. The Regular plan NAV is ₹356.6013, as on 29-10-2026.

    What are the returns of SBI Contra Fund?

    The Direct plan returned −9.28% in 1 year, +10.39% a year over 3 years, +13.53% a year over 5 years. The Regular plan returned −9.97% in 1 year, +9.45% a year over 3 years, +12.57% a year over 5 years. These figures are as on 29-10-2026.

    What is the expense ratio of SBI Contra Fund?

    The Direct plan charges 0.87% a year. The Regular plan charges 1.62% a year. This is the figure the fund house reported to AMFI, in force from 19-10-2026.

    What is the AUM of SBI Contra Fund?

    SBI Contra Fund managed ₹45,067.51 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

    What are the top holdings of SBI Contra Fund?

    At the end of September 2026 the largest holdings were HDFCBANK (4.79%), RELIANCE (4.67%), ICICIBANK (4.36%), BIOCON (3.29%), KOTAKBANK (3.15%). The fund held 93 securities in all.

    What did SBI Contra Fund buy and sell in September 2026?

    It bought 2 new stocks: Swiggy Ltd, Wipro Ltd. It added shares in 1. It reduced 3.

    How do I invest in SBI Contra Fund?

    Through SBI Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹5,000. You can invest once or through a monthly SIP.

    Who is the fund manager of SBI Contra Fund?

    Dinesh Balachandran (since 05-05-2018).

    Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.

    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.

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