SBI Contra Fund
The fund maintains a defensive positioning anchored in banking and pharmaceuticals, with elevated cash and a concentrated top-10 at 42 percent signaling cautious conviction. Recent exits via call options in Hindalco and Reliance suggest the manager is trimming cyclical exposure or taking profits on momentum plays, despite holding Reliance's core position. The modest 0.9 percent monthly return reflects this hedged stance—neither chasing rallies nor betting aggressively on turnarounds typical of contra strategies.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹407.0170 | -0.32% | — | — | — |
| Regular Growth | ₹370.2824 | -0.38% | -2.35% | +15.56% | +18.51% |
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 | |
|---|---|---|
| No new entries this month | ||
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | TREPS | 10.53% |
| 2 | HDFC Bank Ltd. INE040A01034 | 6.59% |
| 3 | Reliance Industries Ltd. INE002A01018 | 5.35% |
| 4 | Biocon Ltd. INE376G01013 | 3.04% |
| 5 | Tata Steel Ltd. INE081A01020 | 2.98% |
| 6 | ICICI Bank Ltd. INE090A01021 | 2.93% |
| 7 | Punjab National Bank INE160A01022 | 2.68% |
| 8 | Kotak Mahindra Bank Ltd. INE237A01036 | 2.59% |
| 9 | Torrent Power Ltd. INE813H01021 | 2.56% |
| 10 | Indus Towers Ltd. INE121J01017 | 2.43% |
| 11 | GAIL (India) Ltd. INE129A01019 | 2.12% |
| 12 | ITC Ltd. INE154A01025 | 2.06% |
| 13 | Dabur India Ltd. INE016A01026 | 1.76% |
| 14 | Tech Mahindra Ltd. INE669C01036 | 1.65% |
| 15 | Mahindra & Mahindra Financial Services Ltd. INE774D01024 | 1.56% |
| 16 | Oil & Natural Gas Corporation Ltd. INE213A01029 | 1.51% |
| 17 | Bajaj Auto Ltd. INE917I01010 | 1.38% |
| 18 | Aster DM Healthcare Ltd. INE914M01019 | 1.36% |
| 19 | Axis Bank Ltd. INE238A01034 | 1.31% |
| 20 | Hindalco Industries Ltd. INE038A01020 | 1.30% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does SBI Contra Fund hold?
SBI Contra Fund holds 92 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 20.89% of NAV.
What is the largest holding in SBI Contra Fund?
The largest position in SBI Contra Fund is TREPS, accounting for 10.53% of NAV.
Is SBI Contra Fund a concentrated or diversified fund?
With a Gini coefficient of 0.481, SBI Contra Fund is moderately concentrated. The HHI concentration index is 18,557 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 20.89% of the portfolio.
What is the market cap allocation of SBI Contra Fund?
Based on SEBI's AMFI classification, SBI Contra Fund's equity portfolio is split as: Large Cap: 46.21%, Mid Cap: 20.21%, Small Cap: 12.09%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does SBI Contra Fund invest in most?
SBI Contra Fund has the highest allocation to Banks (18.44%), Pharmaceuticals & Biotechnology (7.30%), Petroleum Products (6.43%). The fund is invested across 39 sectors in total.
How actively managed is SBI Contra Fund compared to other Contra Fund funds?
SBI Contra Fund has an Active Share of 67.08%, classifying it as "Active Stock Picker" among 3 Contra Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in SBI Contra Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, SBI Contra Fund exited 2 stocks (including Hindalco Industries Ltd. (Call Option)). Total holding count decreased from 97 to 95 stocks.