Invesco India Contra Fund
Invesco India Contra Fund remains heavily anchored in financial services, with banking stocks commanding nearly a fifth of the portfolio despite contra mandates typically favoring unloved names. Recent moves—trimming HDFC Bank while adding growth-stage companies like Meesho alongside established plays—suggest the manager is gradually rebalancing toward secular growth opportunities while maintaining conviction in large-cap value positions. The modest 1.7% monthly return reflects a portfolio caught between defensive banking exposure and selective bets on emerging businesses.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹149.2200 | +0.19% | — | — | — | — | — |
| Regular Growth | ₹126.1700 | +0.10% | -5.73% | -8.44% | -3.52% | +16.46% | +14.48% |
| Direct IDCW | ₹62.1400 | +0.19% | — | — | — | — | — |
| Regular IDCW | ₹46.2200 | +0.11% | — | — | — | — | — |
Portfolio Metrics(latest month)
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Meesho Ltd | 0.93% |
| Aditya Birla Sun Life AMC Limited | 0.88% |
| KNR Constructions Limited | 0.19% |
| Hexaware Technologies Limited | 0.06% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Larsen & Toubro Limited INE018A01030 | 5.24% |
| 2 | ICICI Bank Limited INE090A01021 | 5.04% |
| 3 | Axis Bank Limited INE238A01034 | 3.78% |
| 4 | HDFC Bank Limited INE040A01034 | 3.65% |
| 5 | Reliance Industries Limited INE002A01018 | 3.60% |
| 6 | Mahindra & Mahindra Limited INE101A01026 | 3.55% |
| 7 | Infosys Limited INE009A01021 | 3.22% |
| 8 | Bharti Airtel Limited INE397D01024 | 2.56% |
| 9 | Cholamandalam Investment and Finance Company Limited INE121A01024 | 2.35% |
| 10 | Glenmark Pharmaceuticals Limited INE935A01035 | 2.11% |
| 11 | Apollo Hospitals Enterprise Limited INE437A01024 | 2.02% |
| 12 | The Federal Bank Limited INE171A01029 | 2.00% |
| 13 | Bharat Electronics Limited INE263A01024 | 1.96% |
| 14 | Triparty Repo | 1.86% |
| 15 | KEI Industries Limited INE878B01027 | 1.81% |
| 16 | FSN E-Commerce Ventures Limited INE388Y01029 | 1.80% |
| 17 | BSE Limited INE118H01025 | 1.74% |
| 18 | Coforge Limited INE591G01025 | 1.70% |
| 19 | Delhivery Limited INE148O01028 | 1.61% |
| 20 | Shyam Metalics and Energy Limited INE810G01011 | 1.58% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.