Best Contra Funds
Against-the-herd positioning in out-of-favour sectors and stocks.
Data updated · 5 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 | 68 | Buy | -0.1% | 14.9% | 14.2% | 0.77 | 0.78 | 15.6 | 3.9 | 0.99 | 4★ | 22.7 | 0.79% | ₹5.5k Cr | 13.7y | |
| Bandhan Contra Bandhan | 52 | Hold | — | — | — | — | — | — | — | — | — | — | 0.49% | ₹0 Cr | 0.1y | |
| SBI Contra SBI | 44 | Avoid | -3.5% | 10.5% | 14.8% | 0.55 | 0.42 | 14.1 | 0.3 | 0.89 | 2★ | 16.9 | 0.86% | ₹47.6k Cr | 13.7y | |
| Invesco India Contra Invesco | 43 | Avoid | -2.6% | 13.8% | 13.1% | 0.73 | 0.67 | 15.9 | 3.4 | 1.00 | 5★ | 28.3 | 0.77% | ₹20.6k Cr | 13.7y | |
| Motilal Oswal Contra Motilal Oswal | 19 | Avoid | — | — | — | — | — | — | — | — | — | 37.2 | 2.34% | ₹446 Cr | 0.4y |
Contra funds — quick answers
›Which is the best Contra mutual fund right now?
Kotak Contra currently ranks #1 of 5 Contra funds with a FundLens Smart Score of 68/100 (Buy). It returned 14.9% over 3 years and 14.2% over 5 years at a 0.79% expense ratio (direct plan). Rankings are recomputed from data updated 20 Sept 2026.
›Which Contra fund has the best risk-adjusted returns?
Kotak Contra leads the category on the Sortino ratio at 0.78 (Sharpe 0.77) — meaning it has delivered the most return per unit of downside risk among Contra funds.
›Which Contra fund has the lowest expense ratio?
Bandhan Contra charges 0.49% 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