Kotak Contra Fund
Value & ContraVery HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹149.51-0.04%1 day
- Return since launch
- 13.6%
- 52-week range
- ₹136.28 — ₹158.42
- AUM
- ₹5,511 Cr
Kotak Contra Fund is a Value & Contra equity fund from Kotak Mahindra Mutual Fund with ₹5,511 Cr under management, launched in 2005. Over three years it has returned 4.5% a year, against 11.9% for its category. The expense ratio is 2.02% and the SEBI riskometer reading is Very High.
Performance
Kotak Contra Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +0.7% against +0.8% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | -2.6% | −5.0 pts | 2.4% | -1.9% |
| 2Y | 1.0% | −0.4 pts | 1.4% | 0.4% |
| 3Y | 4.5% | −7.3 pts | 11.9% | 3.5% |
| 5Y | 11.9% | +0.3 pts | 11.5% | 10.1% |
| 7Y | 15.1% | +0.3 pts | 14.8% | 13.8% |
| 10Y | 14.9% | +2.0 pts | 12.9% | 12.9% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -4.1% | −0.9 pts | -3.2% | -3.1% |
| 3M | -1.1% | −0.3 pts | -0.8% | -1.1% |
| 6M | 7.1% | −1.6 pts | 8.7% | 7.7% |
| 1Y | 0.7% | −1.7 pts | 2.4% | 0.6% |
| 2Y | -2.9% | +0.1 pts | -3.0% | -3.5% |
| 3Y | 13.6% | +1.7 pts | 11.9% | 10.9% |
| 5Y | 12.3% | +0.7 pts | 11.5% | 10.8% |
| 7Y | 15.9% | 0.0 pts | 15.9% | 14.9% |
| 10Y | 14.6% | +1.7 pts | 12.9% | 12.0% |
Since launch (2 Jun 2005): 13.6%
Calendar-year returns
Category average15.2%
30.2%
7.4%
35.0%
21.9%
7.4%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 7.4% | +1.7 pts | 5.8% |
| 2024 | 21.9% | −0.3 pts | 22.2% |
| 2023 | 35.0% | −0.3 pts | 35.3% |
| 2022 | 7.4% | −0.1 pts | 7.5% |
| 2021 | 30.2% | −7.4 pts | 37.6% |
| 2020 | 15.2% | −1.9 pts | 17.1% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
2.02%
Expense ratio as on 22 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.59%
- Brokerage
- 0.03%
- Transaction charges
- 0.00%
- Statutory levies
- 0.39%
- Exit load
- Exit load of 1% if redeemed within 90 days.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY 500 TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | 3.37 | 5.39 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 1.00 | 0.98 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.66 | 0.77 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.80 | 1.08 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 15.59 | 16.29 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Kotak Contra Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity98.3%
- Other1.7%
Market cap split
- Large53.3%
- Mid31.8%
- Small15.0%
- P/E
- 22.70
- P/B
- 3.10
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 6.16% | ₹339 Cr | +4.79% | +4.61% | +5.44% |
| HDFC Bank Ltd. | Financial | 3.92% | ₹216 Cr | +5.12% | +5.82% | +6.63% |
| State Bank of India | Financial | 3.37% | ₹186 Cr | +3.27% | +4.18% | +3.39% |
| Shriram Finance Ltd | Financial | 2.89% | ₹160 Cr | +2.64% | +3.26% | +2.04% |
| Reliance Industries Ltd. | Energy | 2.74% | ₹151 Cr | +3.02% | +3.02% | +3.19% |
| Hero Motocorp Ltd. | Automobile | 2.62% | ₹144 Cr | +2.51% | +2.89% | +2.51% |
| Larsen & Toubro Ltd. | Construction | 2.54% | ₹140 Cr | +2.73% | +2.62% | +0.99% |
| Swiggy Ltd. | Services | 2.40% | ₹132 Cr | +1.75% | +1.85% | +2.92% |
| Bharti Airtel Ltd. | Communication | 2.36% | ₹130 Cr | +2.54% | +2.58% | +3.01% |
| NTPC Ltd. | Energy | 2.35% | ₹129 Cr | +2.96% | +2.62% | +2.04% |
| Fortis Healthcare Ltd. | Healthcare | 2.20% | ₹121 Cr | +2.40% | +2.41% | +2.26% |
| Mphasis Ltd. | Technology | 2.12% | ₹117 Cr | +1.99% | +1.99% | +3.06% |
| Tech Mahindra Ltd. | Technology | 2.12% | ₹117 Cr | +1.95% | +1.90% | +3.01% |
| Maruti Suzuki India Ltd. | Automobile | 2.09% | ₹115 Cr | +2.16% | +2.58% | +2.63% |
| Poonawalla Fincorp Ltd. | Financial | 2.06% | ₹114 Cr | +1.82% | +2.13% | +2.44% |
| Infosys Ltd. | Technology | 1.97% | ₹109 Cr | +1.78% | +2.82% | +3.46% |
| Ultratech Cement Ltd. | Materials | 1.82% | ₹100 Cr | +1.95% | +2.13% | +2.28% |
| Park Medi World Ltd. | Healthcare | 1.74% | ₹96.05 Cr | +2.37% | +1.46% | — |
| Others | Others | 1.73% | ₹94.08 Cr | +0.58% | -0.10% | -0.32% |
| Indian Bank | Financial | 1.72% | ₹94.52 Cr | +1.31% | +1.40% | +2.25% |
| Indus Towers Ltd. | Communication | 1.67% | ₹92.15 Cr | +2.03% | +1.41% | — |
| Global Health Ltd. | Healthcare | 1.65% | ₹90.73 Cr | +1.41% | +1.10% | +1.40% |
| Ipca Laboratories Ltd. | Healthcare | 1.62% | ₹89.51 Cr | +1.50% | +1.49% | +1.45% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 1.59% | ₹87.73 Cr | — | — | — |
| Bajaj Finance Ltd. | Financial | 1.55% | ₹85.38 Cr | +1.91% | +2.06% | +1.88% |
| Piramal Finance Ltd. | Financial | 1.53% | ₹84.05 Cr | +1.36% | +0.84% | — |
| Indusind Bank Ltd. | Financial | 1.52% | ₹83.87 Cr | +1.46% | +1.51% | +0.98% |
| Bharat Electronics Ltd. | Capital Goods | 1.51% | ₹83.18 Cr | +1.60% | +1.71% | +1.65% |
| The Jammu & Kashmir Bank Ltd. | Financial | 1.50% | ₹82.92 Cr | +1.53% | — | — |
| Axis Bank Ltd. | Financial | 1.48% | ₹81.64 Cr | +2.18% | +2.02% | +1.77% |
| company:9485 | Consumer Discretionary | 1.47% | ₹81.05 Cr | — | — | — |
| Jindal Steel Ltd. | Metals & Mining | 1.37% | ₹75.51 Cr | +1.48% | +1.51% | +1.07% |
| Schaeffler India Ltd. | Capital Goods | 1.37% | ₹75.77 Cr | +0.25% | — | — |
| Dalmia Bharat Ltd. | Materials | 1.33% | ₹73.16 Cr | +1.34% | +1.50% | — |
| Interglobe Aviation Ltd. | Services | 1.30% | ₹71.86 Cr | +1.17% | +1.27% | +1.55% |
| Kei Industries Ltd. | Capital Goods | 1.29% | ₹71.18 Cr | +1.27% | — | — |
| Bank of Maharashtra | Financial | 1.28% | ₹70.68 Cr | +1.41% | +1.32% | — |
| INDO-MIM Ltd. | Capital Goods | 1.28% | ₹70.65 Cr | — | — | — |
| Radico Khaitan Ltd. | Consumer Staples | 1.28% | ₹70.74 Cr | +1.58% | +1.11% | +1.50% |
| SRF Ltd. | Chemicals | 1.27% | ₹69.86 Cr | +1.44% | +1.34% | +1.72% |
| Astra Microwave Products Ltd. | Communication | 1.22% | ₹67.35 Cr | +1.29% | — | — |
| Ashok Leyland Ltd. | Automobile | 1.19% | ₹65.69 Cr | +1.13% | +1.51% | — |
| GE Vernova T&D India Ltd | Capital Goods | 1.18% | ₹65.15 Cr | +1.81% | +2.14% | +2.23% |
| Kalpataru Projects International Ltd. | Capital Goods | 1.13% | ₹62.51 Cr | +1.13% | +1.06% | +1.24% |
| Ajanta Pharma Ltd. | Healthcare | 1.12% | ₹61.67 Cr | +0.97% | +0.98% | +0.71% |
| Metropolis Healthcare Ltd. | Healthcare | 1.11% | ₹61.29 Cr | +1.13% | +0.96% | +1.28% |
| Century Plyboards (India) Ltd. | Materials | 1.10% | ₹60.35 Cr | +1.19% | +1.12% | +1.23% |
| UNO Minda Ltd. | Automobile | 1.10% | ₹60.87 Cr | +1.02% | — | — |
| Tata Steel Ltd. | Metals & Mining | 1.03% | ₹56.96 Cr | +1.25% | +0.99% | — |
| company:20769 | Healthcare | 1.02% | ₹56.44 Cr | — | — | — |
| DLF Ltd. | Construction | 1.01% | ₹55.63 Cr | — | — | — |
| Tenneco Clean Air India Ltd | Automobile | 0.96% | ₹52.78 Cr | +0.59% | +0.57% | — |
| Godrej Consumer Products Ltd. | Consumer Staples | 0.95% | ₹52.28 Cr | +1.16% | +1.35% | +1.60% |
| company:6832 | Healthcare | 0.95% | ₹52.11 Cr | — | — | — |
| SBI Funds Management Ltd. | Financial | 0.92% | ₹50.43 Cr | — | — | — |
| Aptus Value Housing Finance India Ltd. | Financial | 0.82% | ₹45.21 Cr | +1.29% | +0.87% | — |
| Hindalco Industries Ltd. | Metals & Mining | 0.81% | ₹44.68 Cr | +1.30% | +1.05% | — |
| L&T Finance Ltd. | Financial | 0.74% | ₹40.66 Cr | — | — | — |
| Vishal Mega Mart Ltd. | Services | 0.68% | ₹37.65 Cr | +0.80% | +0.58% | +0.86% |
| ITC Ltd. | Consumer Staples | 0.51% | ₹28.05 Cr | +0.61% | +0.80% | +1.01% |
| Power Finance Corporation Ltd. | Financial | 0.49% | ₹26.90 Cr | +0.91% | — | +1.57% |
| company:20835 | Capital Goods | 0.18% | ₹9.99 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:9485 | 0.00% | 1.47% | +1.47% |
| company:20769 | 0.00% | 1.02% | +1.02% |
| Torrent Pharmaceuticals Ltd. | 1.00% | 0.00% | -1.00% |
| Jubilant Pharmova Ltd. | 0.99% | 0.00% | -0.99% |
| company:6832 | 0.00% | 0.95% | +0.95% |
| Bajaj Finance Ltd. | 2.27% | 1.55% | -0.72% |
| Balrampur Chini Mills Ltd. | 0.68% | 0.00% | -0.68% |
| LG Electronics India Ltd. | 0.64% | 0.00% | -0.64% |
| Sun Pharmaceutical Industries Ltd. | 1.02% | 1.59% | +0.57% |
| Tenneco Clean Air India Ltd | 0.51% | 0.96% | +0.45% |
| Power Finance Corporation Ltd. | 0.86% | 0.49% | -0.37% |
| Aptus Value Housing Finance India Ltd. | 1.18% | 0.82% | -0.36% |
| Bank of Maharashtra | 0.96% | 1.28% | +0.32% |
| Radico Khaitan Ltd. | 1.58% | 1.28% | -0.30% |
| HDFC Bank Ltd. | 4.18% | 3.92% | -0.26% |
| Bharti Airtel Ltd. | 2.59% | 2.36% | -0.23% |
| Godrej Consumer Products Ltd. | 1.14% | 0.95% | -0.19% |
| Mphasis Ltd. | 1.94% | 2.12% | +0.18% |
| company:20835 | 0.00% | 0.18% | +0.18% |
| Infosys Ltd. | 1.79% | 1.97% | +0.18% |
| NTPC Ltd. | 2.52% | 2.35% | -0.17% |
| Others | 0.06% | -0.10% | -0.16% |
| Astra Microwave Products Ltd. | 1.38% | 1.22% | -0.16% |
| Tech Mahindra Ltd. | 2.28% | 2.12% | -0.16% |
| Kei Industries Ltd. | 1.14% | 1.29% | +0.15% |
| Piramal Finance Ltd. | 1.38% | 1.53% | +0.15% |
| Maruti Suzuki India Ltd. | 2.22% | 2.09% | -0.13% |
| Shriram Finance Ltd | 2.76% | 2.89% | +0.13% |
| INDO-MIM Ltd. | 1.15% | 1.28% | +0.13% |
| Fortis Healthcare Ltd. | 2.32% | 2.20% | -0.12% |
| The Jammu & Kashmir Bank Ltd. | 1.61% | 1.50% | -0.11% |
| Indian Bank | 1.61% | 1.72% | +0.11% |
| Reliance Industries Ltd. | 2.84% | 2.74% | -0.10% |
| Jindal Steel Ltd. | 1.28% | 1.37% | +0.09% |
| Ultratech Cement Ltd. | 1.91% | 1.82% | -0.09% |
| Bharat Electronics Ltd. | 1.43% | 1.51% | +0.08% |
| Swiggy Ltd. | 2.32% | 2.40% | +0.08% |
| State Bank of India | 3.30% | 3.37% | +0.07% |
| UNO Minda Ltd. | 1.03% | 1.10% | +0.07% |
| Century Plyboards (India) Ltd. | 1.17% | 1.10% | -0.07% |
| Global Health Ltd. | 1.58% | 1.65% | +0.07% |
| Kalpataru Projects International Ltd. | 1.06% | 1.13% | +0.07% |
| Axis Bank Ltd. | 1.42% | 1.48% | +0.06% |
| Park Medi World Ltd. | 1.80% | 1.74% | -0.06% |
| ITC Ltd. | 0.57% | 0.51% | -0.06% |
| Ashok Leyland Ltd. | 1.14% | 1.19% | +0.05% |
| Tata Steel Ltd. | 1.08% | 1.03% | -0.05% |
| DLF Ltd. | 0.97% | 1.01% | +0.04% |
| Larsen & Toubro Ltd. | 2.50% | 2.54% | +0.04% |
| SRF Ltd. | 1.31% | 1.27% | -0.04% |
| Schaeffler India Ltd. | 1.41% | 1.37% | -0.04% |
| Ajanta Pharma Ltd. | 1.09% | 1.12% | +0.03% |
| Dalmia Bharat Ltd. | 1.30% | 1.33% | +0.03% |
| Indus Towers Ltd. | 1.70% | 1.67% | -0.03% |
| Poonawalla Fincorp Ltd. | 2.09% | 2.06% | -0.03% |
| ICICI Bank Ltd. | 6.14% | 6.16% | +0.02% |
| GE Vernova T&D India Ltd | 1.16% | 1.18% | +0.02% |
| Hindalco Industries Ltd. | 0.79% | 0.81% | +0.02% |
| L&T Finance Ltd. | 0.72% | 0.74% | +0.02% |
| SBI Funds Management Ltd. | 0.94% | 0.92% | -0.02% |
| Indusind Bank Ltd. | 1.53% | 1.52% | -0.01% |
| Metropolis Healthcare Ltd. | 1.12% | 1.11% | -0.01% |
| Vishal Mega Mart Ltd. | 0.67% | 0.68% | +0.01% |
| Ipca Laboratories Ltd. | 1.63% | 1.62% | -0.01% |
| Hero Motocorp Ltd. | 2.62% | 2.62% | 0.00% |
| Interglobe Aviation Ltd. | 1.30% | 1.30% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹2,929 Cr | 2.46% | 11.0% | 10.1% | 14.3% |
 HDFC Value Fund | ₹8,266 Cr | 1.88% | 5.5% | 8.3% | 13.2% |
 DSP Value Fund | ₹2,220 Cr | 2.40% | 1.4% | 8.9% | 13.1% |
 Quant Value Fund | ₹1,978 Cr | 2.46% | 12.0% | 9.2% | — |
 Axis Value Fund | ₹1,880 Cr | 2.27% | 7.8% | 9.6% | 15.4% |
 LIC MF Value Fund | ₹302 Cr | 3.30% | 28.5% | 14.7% | 15.6% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme aims to generate capital appreciation from a diversified portfolio of equity and equity related instruments. It will invest in stocks of companies, which are fundamentally sound but are undervalued.
Fund managers
- Shibani Sircar KurianMs. Kurian has done PGDM (Specialization in Finance), BSc (Hons)-EconomicsPrior to joining Kotak AMC, she was working with Dawnay Day AV India Advisors Pvt Ltd and UTI AMC.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months7.14% absolute | ₹60,000 | ₹64,284 | 7.14% | |
| 1 year0.70% annualised | ₹1,20,000 | ₹1,20,456 | 0.38% | |
| 3 years13.57% annualised | ₹3,60,000 | ₹4,46,281 | 23.97% | |
| 5 years12.25% annualised | ₹6,00,000 | ₹8,30,582 | 38.43% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of Kotak Contra Fund?
The NAV of Kotak Contra Fund is ₹149.51 as on 25 Sep 2026.
What is the expense ratio of Kotak Contra Fund?
The expense ratio of Kotak Contra Fund is 2.02% per year.
What is the minimum SIP amount for Kotak Contra Fund?
You can start a SIP in Kotak Contra Fund with ₹3,000 a month.
What returns has Kotak Contra Fund given?
Kotak Contra Fund has returned -2.6% over 1 year, 4.5% over 3 years and 11.9% over 5 years (annualised).
Is there a lock-in or exit load on Kotak Contra Fund?
Lock-in: None. Exit load: Exit load of 1% if redeemed within 90 days..
How risky is Kotak Contra Fund?
Kotak Contra Fund is rated Very High on the SEBI riskometer and belongs to the Value & Contra category.
Which fund house manages Kotak Contra Fund?
Kotak Contra Fund is managed by Kotak Mahindra Mutual Fund, which runs 94 schemes with ₹6,09,561 Cr under management.