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 | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹150.5400 | -1.25% | — | — | — |
| Regular Growth | ₹127.2800 | -1.34% | -4.16% | +16.60% | +14.68% |
| Direct IDCW | ₹62.6900 | -1.24% | — | — | — |
| Regular IDCW | ₹46.6300 | -1.33% | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Active Stock PickerActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
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.
Frequently Asked Questions
How many stocks does Invesco India Contra Fund hold?
Invesco India Contra Fund holds 71 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 21.31% of NAV.
What is the largest holding in Invesco India Contra Fund?
The largest position in Invesco India Contra Fund is Larsen & Toubro Limited, accounting for 5.24% of NAV in the Construction sector.
Is Invesco India Contra Fund a concentrated or diversified fund?
With a Gini coefficient of 0.374, Invesco India Contra Fund is well-diversified. The HHI concentration index is 21,140 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 21.31% of the portfolio.
What is the market cap allocation of Invesco India Contra Fund?
Based on SEBI's AMFI classification, Invesco India Contra Fund's equity portfolio is split as: Large Cap: 53.96%, Mid Cap: 24.40%, Small Cap: 16.60%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Invesco India Contra Fund invest in most?
Invesco India Contra Fund has the highest allocation to Banks (19.85%), IT - Software (8.27%), Pharmaceuticals & Biotechnology (7.09%). The fund is invested across 25 sectors in total.
How actively managed is Invesco India Contra Fund compared to other Contra Fund funds?
Invesco India Contra Fund has an Active Share of 64.34%, classifying it as "Active Stock Picker" among 3 Contra Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in Invesco India Contra Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Invesco India Contra Fund added 4 new stocks (including Meesho Ltd) and exited 3 stocks (including Asian Paints Limited). Total holding count increased from 72 to 73 stocks.