The scheme seeks to generate consistent long-term capital appreciation by investing predominantly in equity and equity related securities by following value investing strategy i.e buying into stocks that are trading for less than their intrinsic value - stocks that the market is undervaluing.
The scheme seeks to generate capital appreciation by investing predominantly in Equity and Equity Related Instruments through contrarian investing.
Fund Manager
Kunal Sangoi
Taher Badshah
AMC
Aditya Birla Sun Life Mutual Fund
Invesco Mutual Fund
Taxation
Equity
Equity
Launch Date
31 Dec 2012
31 Dec 2012
Portfolio Overlap
26.3%
Low overlap
common holdings
26.3% of the combined portfolio weight is common between Aditya Birla Sun Life Value Direct Fund-Growth and Invesco India Contra Fund Direct-Growth.
17 stocks appear in both portfolios.
The largest shared holding is ICICI Bank Ltd., at 3.34% of Aditya Birla Sun Life Value Direct Fund-Growth and 6.30% of Invesco India Contra Fund Direct-Growth.
The two funds hold largely different portfolios, so holding both can genuinely diversify your equity exposure.
Largest common holdings
ICICI Bank Ltd.Axis Bank Ltd.Reliance Industries Ltd.State Bank of IndiaInfosys Ltd.Apollo Hospitals Enterprise Ltd.Shriram Finance LtdTech Mahindra Ltd.
Aditya Birla Sun Life Value Direct Fund-Growth has delivered the higher 3-year CAGR (17.24% vs 16.96%). Invesco India Contra Fund Direct-Growth is the cheaper of the two with an expense ratio of 0.77% against 1.21%. Invesco India Contra Fund Direct-Growth manages the larger corpus at ₹20.00k Cr. There is no single "better" fund — the right choice depends on your holding period, risk appetite and what you already own. Use the returns, risk and portfolio overlap tables above to judge which fits your portfolio, and remember that past returns do not guarantee future performance.
Over 1 year, Aditya Birla Sun Life Value Direct Fund-Growth returned 14.18% against 2.44% for Invesco India Contra Fund Direct-Growth; and over 3 years, Aditya Birla Sun Life Value Direct Fund-Growth leads with a 17.24% CAGR versus 16.96%. Returns beyond one year are CAGR (annualised). Short-period returns are heavily influenced by market cycles, so compare over at least three to five years before drawing conclusions.
Invesco India Contra Fund Direct-Growth has the lower expense ratio at 0.77%, compared with 1.21% for Aditya Birla Sun Life Value Direct Fund-Growth — a difference of 0.44% a year. The expense ratio is deducted from NAV daily, so a lower ratio directly improves your net return, though it should not be the only reason to pick a fund.
Both Aditya Birla Sun Life Value Direct Fund-Growth and Invesco India Contra Fund Direct-Growth carry a "Very High" rating on the SEBI Riskometer. Within the same riskometer band, differences still show up in maximum drawdown, volatility and market-cap mix — all of which are compared in the tables above.
The portfolio overlap between the two funds is 26.3%, which is considered low. At this level the two funds hold largely different portfolios, so holding both can genuinely diversify your equity exposure. You can see the shared stocks in the overlap section above.
Yes — both are Equity: Value Oriented funds, which means they follow similar mandates and are benchmarked against comparable indices. That makes a direct comparison of returns, expense ratio and risk meaningful.
Aditya Birla Sun Life Value Direct Fund-Growth has a NAV of ₹156.06 and an AUM of ₹6.60k Cr, and was launched on 31 Dec 2012. Invesco India Contra Fund Direct-Growth has a NAV of ₹162.39 and an AUM of ₹20.00k Cr, launched on 31 Dec 2012. NAV on its own says nothing about how expensive or cheap a fund is — only the return on it matters.
