NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹130.06
0.25%
NAV as on 16 Nov 24, 12:00 AM
very high risk
contra
equity
NAV as on 16 Nov 24, 12:00 AM
very high risk
contra
equity
41.12%p.a.
Last 1Y
17.29%p.a.
Last 3Y
22.05%p.a.
Last 5Y
15.91%p.a.
Since Inception
About Invesco India Contra Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Invesco India Contra Fund Growth scheme from Invesco Asset Management (India) Private Ltd. It is a Contra mutual fund scheme that predominantly invests in Contra stocks of companies. Launched on Apr 2007, Invesco India Contra Fund Growth is Contra fund of its category with 17,717.85 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Contra funds.
- Invesco India Contra Fund Growth delivered 41.1% annual returns during the last year. It has delivered 15.9% average annual returns since the fund was launched.
- Invesco India Contra Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
Fund Objective
To generate capital appreciation by investing predominantly in Equity and Equity Related Instruments through contrarian investing.
Top 10 Holdings
ICICI Bank Ltd
7.23%
HDFC Bank Ltd
7.22%
Infosys Ltd
6.09%
Axis Bank Ltd
3.62%
NTPC Ltd
3.58%
REC Ltd
2.57%
Mahindra & Mahindra Ltd
2.43%
Larsen & Toubro Ltd
2.41%
Coforge Ltd
2.32%
Bharat Electronics Ltd
2.21%
Fund Managers
- Amit Ganatra (Dec 2023 - Present)
- Taher Badshah (Jan 2017 - Present)
Key Information
View Scheme Document
Invesco India Contra Fund Growth SIP Calculator
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This Fund
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NRI Mutual Fund Tax on Invesco India Contra Fund Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in Invesco India Contra Fund Growth?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in Invesco India Contra Fund Growth
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
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Frequently Asked Questions
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