Best Contra Funds
Against-the-herd positioning in out-of-favour sectors and stocks.
Data updated · 6 direct-growth funds ranked by a transparent 0–100 Smart Score
| ⚖ VS | Fund | Score ↓ | Verdict | 1Y | 3Y | 5Y | Sharpe | Sortino | Std Dev | Alpha | Beta | VR★ | P/E | Expense | AUM | Age |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Kotak Contra Kotak | 69 | Buy | -4.3% | 13.6% | 12.4% | 0.56 | 0.65 | 16.2 | 3.5 | 0.99 | 4★ | 21.7 | 0.80% | ₹5.2k Cr | 13.8y | |
| Invesco India Contra Invesco | 45 | Hold | -4.9% | 13.3% | 11.3% | 0.51 | 0.62 | 16.6 | 2.9 | 1.01 | 5★ | 26.4 | 0.78% | ₹19.2k Cr | 13.8y | |
| SBI Contra SBI | 45 | Hold | -5.2% | 9.7% | 13.2% | 0.36 | 0.34 | 14.4 | 0.2 | 0.88 | 2★ | 15.9 | 0.88% | ₹45.1k Cr | 13.8y | |
| Motilal Oswal Contra Motilal Oswal | 26 | Avoid | — | — | — | — | — | — | — | — | — | 36.1 | 2.27% | ₹407 Cr | 0.4y | |
| Bandhan Contra Bandhan | 17 | Avoid | — | — | — | — | — | — | — | — | — | 20.9 | — | ₹0 Cr | 0.1y | |
| ICICI Pru Contra ICICI Pru | 17 | Avoid | — | — | — | — | — | — | — | — | — | — | — | ₹0 Cr | 0.0y |
Contra funds — quick answers
›Which is the best Contra mutual fund right now?
Kotak Contra currently ranks #1 of 6 Contra funds with a FundLens Smart Score of 69/100 (Buy). It returned 13.6% over 3 years and 12.4% over 5 years at a 0.80% expense ratio (direct plan). Rankings are recomputed from data updated 18 Oct 2026.
›Which Contra fund has the best risk-adjusted returns?
Kotak Contra leads the category on the Sortino ratio at 0.65 (Sharpe 0.56) — meaning it has delivered the most return per unit of downside risk among Contra funds.
›Which Contra fund has the lowest expense ratio?
Invesco India Contra charges 0.78% a year (direct plan) — the lowest in the category. Lower fees compound in your favour over long holding periods.
›Which is the smallest Contra fund by AUM?
Bandhan Contra manages ₹0 Cr, the smallest in the category. Smaller funds can be nimbler, but check track record and costs before treating size alone as an edge.
›How long should I stay invested in a Contra fund?
Contra funds carry high risk, so a horizon of 5+ years is generally sensible. Against-the-herd positioning in out-of-favour sectors and stocks. This is research, not investment advice.
Want these answers conversationally? Ask FundLens · New to the ratios? Sharpe vs Sortino, explained