Kotak Contra Fund
Kotak Mahindra Mutual Fund · Contra · Regular plan, growth option
NAV (₹), 1 Oct 2026
145.0200
1-day change
-0.64%
1Y return
-3.6%
3Y CAGR
12.1%
5Y CAGR
11.8%
Max drawdown, 5Y
−19.4%
NAV history month-end NAV, ₹ · 3 Apr 2006 to 1 Oct 2026
Returns vs Contra median (5 schemes)
| Period | Scheme | Category median |
|---|---|---|
| 1 month | -5.9% | -5.4% |
| 3 months | -4.6% | -3.9% |
| 6 months | 4.8% | 4.8% |
| Year to date | -7.6% | -7.7% |
| 1 year | -3.6% | -4.4% |
| 3 years (CAGR) | 12.1% | 11.5% |
| 5 years (CAGR) | 11.8% | 11.8% |
| 7 years (CAGR) | 15.7% | 15.7% |
| 10 years (CAGR) | 14.4% | 14.1% |
| Since first NAV (CAGR) | 12.0% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 12.1% | 11.7% |
| 3Y rolling median | 14.3% | 14.3% |
| 3Y rolling worst | -7.1% | -7.1% |
| 3Y periods positive | 98% | 97% |
| 3Y periods ahead of benchmark | 95% | 95% |
| 5Y rolling median | 14.1% | 14.1% |
| 5Y rolling worst | -0.4% | -0.4% |
| 5Y periods ahead of benchmark | 100% | 100% |
Benchmark: Nifty 500 (proxy: Motilal Oswal Nifty 500 Index Fund, price return).
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 16.0% | 16.0% |
| Sharpe ratio | 0.40 | 0.39 |
| Sortino ratio | 0.58 | 0.56 |
| Beta | 1.01 | 1.01 |
| Alpha (ann.) | 3.0% | 2.9% |
| Upside capture | 111.76 | 111.76 |
| Downside capture | 98.62 | 98.62 |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −58.4% | −58.3% |
| Maximum drawdown, last 10Y | −38.0% | −38.0% |
| Maximum drawdown, last 5Y | −19.4% | −19.0% |
| Current drawdown | −8.6% | −9.7% |
| Recovery time of worst fall | 553 days | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Market context from Integrato Market Intelligence
This scheme invests mainly in the market below, which is also close to how many of them are benchmarked. Where that market stands today:
21,857.75 −0.97%
NSE close, 1 Oct 2026
- P/E 21.6: higher than 1% of days since 2023 (median 24.2)
- 1Y −3.9% · 3Y +8.9% p.a. · 5Y +8.6% p.a. (index fund NAV, after costs)
- −9.3% from its 52-week high
Index levels and P/E: NSE daily index closing values; gold and silver: IBJA rates; returns: growth NAV of an index fund or ETF tracking the market (AMFI), so they are after that fund's costs. Context only: a market's level or valuation does not tell you how any scheme will perform. Explore all markets.
Direct or Regular for this scheme?
The Regular plan's expense ratio is 2.03% a year and the Direct plan's 0.80%, a gap of 1.23%; over the last 3 years the Direct plan returned 1.46 percentage points a year more. On a ₹25,000 monthly SIP for 20 years (illustration at 12% a year before costs) the gap adds up to about ₹28,50,651.
With the Regular plan, that cost pays a distributor to help you plan, choose and review funds, and stay invested when markets fall. Whether it is worth it depends on how much of that you will do yourself.
TER: AMFI TER disclosure. Returns: AMFI NAVs. Illustration, not a guaranteed saving or return.
Recent disclosure changes last 120 days, as disclosed via AMFI
- 28 Sep 2026: TER increased from 2.02% to 2.03% (AMFI TER disclosure)
- 9 Sep 2026: TER reduced from 2.03% to 2.02% (AMFI TER disclosure)
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Shibani Kurian | Primary | 9 May 2019 |
Objective: The investment objective of the Scheme is to generate capital appreciation from a diversified portfolio of equity and equity related instruments.The Scheme will invest in stocks of companies, which are fundamentally sound but are undervalued.Undervalued stocks are stocks of those companies whose true long term potential is not yet recognised by the market. At times, the broad market takes time to appreciate the long-term potential of some fundamentally sound companies. Stocks of such companies are traded at prices below their intrinsic value and are regarded as undervalued stocks.We believe that, over a period of time, the price of a stock reflects the intrinsic value of the underlying company. Thus, the moving up of the price of the undervalued stock towards its intrinsic value will help us generate capital appreciation for investors.There is no assurance that the investment objective…
Stated asset allocation: The asset allocation under the Scheme, under normal circumstances, will be as follows: Investments Indicative Allocation Equity and Equity related Securities - 80% to 100% Debt and Money Market Securities - 0% to 20% Units of Gold/Silver ETF- 0% to 20% Units issued by InvITs - 0% to 20%
Benchmark (tier 1): Nifty 500 TRI
Exit load: For redemption / switch out within 90 days from the date of allotment: 1% If units are redeemed or switched out on or after 90 days from the date of allotment - Nil. Any exit load charged (net off Goods and Services, if any) shall be credited back to the Scheme. Units issued on reinvestment of IDCW shall not be subject to entry and exit load.
Minimum application: Rs. 100/-
Allotment date: 27 Jul 2005
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
Cost, size and riskometer as disclosed to AMFI
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Regular plan | 2.03% | 2.03% |
| AUM, whole scheme (₹ crore) | 5,403 | 12,347 |
| Riskometer | Very High | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
Official benchmark and category consistency
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | -2.5% | -2.0% TRI |
| Return, 3 years (AMFI) | 12.3% | 9.5% TRI |
| Return, 5 years (AMFI) | 11.8% | 9.0% TRI |
| 7Y rolling CAGR, median (monthly windows) | 14.3% | 14.3% median |
Official benchmark: Nifty 500 TRI (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Contra Regular plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Nifty 500 proxy | Difference |
|---|---|---|---|
| 2026 YTD | -7.6% | -7.8% | +0.2% |
| 2025 | 7.4% | 7.7% | −0.2% |
| 2024 | 22.1% | 15.6% | +6.5% |
| 2023 | 35.0% | 26.5% | +8.5% |
| 2022 | 7.4% | 3.8% | +3.6% |
| 2021 | 30.2% | 30.6% | −0.5% |
| 2020 | 15.2% | 17.2% | −2.1% |
| 2019 | 10.0% | n/a | – |
| 2018 | 2.6% | n/a | – |
| 2017 | 35.4% | n/a | – |
Benchmark proxy: Motilal Oswal Nifty 500 Index Fund (Direct plan NAV, price return), which carries its own costs. The first year starts from the first 31 December in the scheme's history.
Monthly SIP of ₹10,000 first business day of each month, ending 1 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,14,903 | -7.8% |
| 3 years | ₹3,60,000 | ₹3,73,031 | 2.3% |
| 5 years | ₹6,00,000 | ₹7,78,008 | 10.3% |
| 10 years | ₹12,00,000 | ₹25,22,291 | 14.2% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
Scheme facts
Category: Contra
Plan / option: Regular · Growth
AMFI scheme code: 103040
ISIN: INF174K01245
First NAV in MFIC data: 3 Apr 2006
History: 20.5 years
Portfolio holdings: see the scheme's monthly portfolio disclosure on the fund house website
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| Bajaj Finserv Large & Mid Cap Fund | Large & Mid Cap | 0.98 | n/a |
| Bandhan Business Cycle Fund | Sectoral/Thematic | 0.98 | n/a |
| DSP ELSS Tax Saver Fund | ELSS | 0.98 | 10.4% |
| Baroda BNP Paribas Dividend Yield Fund | Dividend Yield | 0.98 | n/a |
| HDFC Large & Mid Cap Fund | Large & Mid Cap | 0.98 | 10.4% |
| Nippon India Value Fund | Value | 0.98 | 11.2% |
Questions about Kotak Contra Fund
- What is the latest NAV of Kotak Contra Fund?
- The NAV of the Regular plan (growth option) was ₹145.0200 on 1 Oct 2026, as published by AMFI.
- Which category is Kotak Contra Fund in?
- It is classified as Contra in AMFI's daily NAV file. MFIC compares it with 5 Contra schemes (Regular plans).
- What returns has Kotak Contra Fund delivered?
- Over one year the NAV changed by -3.6%. The 3-year CAGR is 12.1% (category median 11.5%) and the 5-year CAGR is 11.8% (category median 11.8%). Returns are after expenses and before tax. Past performance may or may not be sustained in future.
- How consistent have its 3-year returns been?
- Measuring a 3-year CAGR from every business day in its history, the median was 14.3%, the lowest was -7.1%, and 98% of 3-year periods ended with a gain. It was ahead of Nifty 500 (index-fund proxy) in 95% of those periods.
- What was the largest fall in Kotak Contra Fund's NAV?
- The largest peak-to-trough fall in its available history was 58.4%; within the last five years it was 19.4% (category median 19.0%).
- How volatile is Kotak Contra Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 16.0%, which is equal to the Contra category median of 16.0%.
- What would a monthly SIP in Kotak Contra Fund have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 5 years (60 instalments, ₹6,00,000 invested) would have been worth about ₹7,78,008 on 1 Oct 2026, an annualised return (XIRR) of 10.3%. This uses the Regular plan's NAVs, ignores taxes and exit loads, and past performance may or may not be sustained in future.
- What is the expense ratio (TER) of Kotak Contra Fund?
- The total expense ratio of the Regular plan is 2.03% a year, as disclosed to AMFI (median of Contra Regular plans: 2.03%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is Kotak Contra Fund?
- Assets under management of the whole scheme were ₹5,403 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of Kotak Contra Fund?
- AMFI lists the scheme's riskometer as “Very High”, and its benchmark's as “Very High”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- What is the benchmark of Kotak Contra Fund and how has it compared?
- Its official benchmark is the Nifty 500 TRI. Over 3 years AMFI reports a return of 12.3% for this plan against 9.5% for the benchmark total return index; over 5 years 11.8% against 9.0%. Past performance does not indicate future results.
- Who manages Kotak Contra Fund?
- According to its Scheme Summary Document, Kotak Contra Fund is managed by Shibani Kurian (since 9 May 2019).
- What is the exit load of Kotak Contra Fund?
- As stated in its scheme documents: For redemption / switch out within 90 days from the date of allotment: 1% If units are redeemed or switched out on or after 90 days from the date of allotment - Nil. Any exit load charged (net off Goods and Services, if any) shall be credited back to the Scheme. Units issued on reinvestment of IDCW shall not be subject to entry and exit load. Check the latest Scheme Information Document before investing, as loads can change.
- What is the minimum investment in Kotak Contra Fund?
- The minimum application amount is Rs. 100/-. SIP details: SIP - Rs. 100/- and any amount thereafter,SWP - Rs. 1000 STP - Rs. 1000.
- What is the difference between the Direct and Regular plans?
- Both plans hold the same portfolio; the Regular plan includes distribution costs in its expense ratio. Over one year the Direct plan's NAV changed by -2.4% and the Regular plan's by -3.6%. The Regular plan includes the services of a distributor.
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Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 1 Oct 2026. Category medians use Regular plans in the same AMFI category. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance may or may not be sustained in future. This page is for research and education only and is not investment advice or a recommendation to buy, sell or hold any scheme. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Methodology.