Kotak Contra Fund
Value & ContraVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹153.14+0.52%1 day
- Return since launch
- 13.6%
- 52-week range
- ₹136.28 — ₹158.42
- AUM
- ₹5,196 Cr
Kotak Contra Fund is a Value & Contra equity fund from Kotak Mahindra Mutual Fund with ₹5,196 Cr under management, launched in 2005. Over three years it has returned 5.0% a year, against 12.3% for its category. The expense ratio is 2.03% 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 -0.7% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 2.3% | +1.3 pts | 1.1% | 3.2% |
| 2Y | 3.5% | −0.4 pts | 3.9% | 3.1% |
| 3Y | 5.0% | −7.4 pts | 12.3% | 4.3% |
| 5Y | 12.0% | +0.7 pts | 11.3% | 10.4% |
| 7Y | 15.1% | +0.3 pts | 14.8% | 13.8% |
| 10Y | 14.9% | +1.7 pts | 13.2% | 13.1% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 6.8% | +0.9 pts | 5.9% | 6.3% |
| 3M | -2.1% | −1.0 pts | -1.1% | -1.5% |
| 6M | 2.9% | +0.3 pts | 2.6% | 2.1% |
| 1Y | -0.3% | −1.4 pts | 1.1% | -0.2% |
| 2Y | 2.0% | +0.5 pts | 1.5% | 1.1% |
| 3Y | 13.7% | +1.3 pts | 12.3% | 11.7% |
| 5Y | 12.3% | +1.0 pts | 11.3% | 10.6% |
| 7Y | 16.0% | −0.1 pts | 16.1% | 15.0% |
| 10Y | 15.0% | +1.8 pts | 13.2% | 12.3% |
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 3 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.60%
- Brokerage
- 0.03%
- Transaction charges
- 0.00%
- Statutory levies
- 0.38%
- 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 | 2.07 | 5.32 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 1.02 | 0.98 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.45 | 0.64 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.57 | 0.92 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 16.15 | 16.67 | 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 30 Sep 2026
Asset allocation
- Equity99.0%
- Other1.1%
Market cap split
- Large52.2%
- Mid31.9%
- Small15.9%
- P/E
- 21.67
- P/B
- 2.89
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 5.93% | ₹308 Cr | +5.54% | +4.75% | +5.00% |
| HDFC Bank Ltd. | Financial | 5.06% | ₹263 Cr | +5.31% | +5.86% | +6.32% |
| State Bank of India | Financial | 3.24% | ₹168 Cr | +3.37% | +3.67% | +3.51% |
| Reliance Industries Ltd. | Energy | 2.70% | ₹140 Cr | +2.87% | +3.39% | +2.91% |
| Hero Motocorp Ltd. | Automobile | 2.67% | ₹139 Cr | +2.38% | +2.86% | +3.07% |
| Shriram Finance Ltd | Financial | 2.53% | ₹131 Cr | +2.81% | +2.68% | +2.06% |
| Larsen & Toubro Ltd. | Construction | 2.50% | ₹130 Cr | +2.69% | +2.40% | +0.96% |
| NTPC Ltd. | Energy | 2.46% | ₹128 Cr | +2.65% | +2.99% | +2.02% |
| Bharti Airtel Ltd. | Communication | 2.42% | ₹126 Cr | +2.49% | +2.73% | +2.86% |
| Swiggy Ltd. | Services | 2.26% | ₹118 Cr | +1.57% | +1.78% | +2.87% |
| Tech Mahindra Ltd. | Technology | 2.10% | ₹109 Cr | +1.78% | +2.17% | +2.71% |
| Poonawalla Fincorp Ltd. | Financial | 2.09% | ₹109 Cr | +2.03% | +1.93% | +2.68% |
| Mphasis Ltd. | Technology | 2.00% | ₹104 Cr | +1.83% | +1.98% | +2.54% |
| Fortis Healthcare Ltd. | Healthcare | 1.98% | ₹103 Cr | +2.40% | +2.27% | +2.29% |
| Maruti Suzuki India Ltd. | Automobile | 1.96% | ₹102 Cr | +2.25% | +2.39% | +3.09% |
| INDO-MIM Ltd. | Capital Goods | 1.93% | ₹100 Cr | — | — | — |
| Ultratech Cement Ltd. | Materials | 1.85% | ₹96.03 Cr | +1.85% | +2.01% | +2.10% |
| Infosys Ltd. | Technology | 1.83% | ₹95.34 Cr | +1.48% | +3.03% | +3.24% |
| Park Medi World Ltd. | Healthcare | 1.77% | ₹92.16 Cr | +2.38% | +1.73% | — |
| Indus Towers Ltd. | Communication | 1.70% | ₹88.45 Cr | +1.74% | +1.45% | — |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 1.70% | ₹88.47 Cr | — | — | — |
| Ipca Laboratories Ltd. | Healthcare | 1.68% | ₹87.34 Cr | +1.62% | +1.74% | +1.33% |
| Indian Bank | Financial | 1.63% | ₹84.76 Cr | +1.38% | +1.03% | +2.46% |
| Bharat Electronics Ltd. | Capital Goods | 1.50% | ₹77.93 Cr | +1.55% | +1.72% | +1.72% |
| The Jammu & Kashmir Bank Ltd. | Financial | 1.50% | ₹77.85 Cr | +1.63% | — | — |
| Bajaj Finance Ltd. | Financial | 1.49% | ₹77.50 Cr | +2.04% | +1.85% | +2.13% |
| Axis Bank Ltd. | Financial | 1.48% | ₹76.99 Cr | +2.20% | +1.89% | +1.83% |
| Piramal Finance Ltd. | Financial | 1.44% | ₹74.67 Cr | +1.48% | +1.40% | — |
| Indusind Bank Ltd. | Financial | 1.43% | ₹74.37 Cr | +1.43% | +1.33% | +0.92% |
| Schaeffler India Ltd. | Capital Goods | 1.42% | ₹73.55 Cr | +1.18% | — | — |
| Jindal Steel Ltd. | Metals & Mining | 1.38% | ₹71.84 Cr | +1.26% | +1.51% | +1.15% |
| V-Guard Industries Ltd. | Consumer Discretionary | 1.33% | ₹69.37 Cr | — | — | — |
| Bank of Maharashtra | Financial | 1.32% | ₹68.35 Cr | +1.31% | +1.21% | — |
| Interglobe Aviation Ltd. | Services | 1.32% | ₹68.43 Cr | +1.38% | +1.16% | +1.46% |
| Molbio Diagnostics Ltd. | Healthcare | 1.31% | ₹68.01 Cr | — | — | — |
| SRF Ltd. | Chemicals | 1.30% | ₹67.46 Cr | +1.40% | +1.42% | +1.63% |
| Dalmia Bharat Ltd. | Materials | 1.28% | ₹66.36 Cr | +1.26% | +1.50% | +0.92% |
| Astra Microwave Products Ltd. | Communication | 1.27% | ₹66.16 Cr | +1.43% | — | — |
| Ajanta Pharma Ltd. | Healthcare | 1.19% | ₹61.99 Cr | +1.10% | +1.03% | +0.65% |
| Kalpataru Projects International Ltd. | Capital Goods | 1.19% | ₹61.60 Cr | +1.15% | +1.01% | +1.19% |
| GE Vernova T&D India Ltd | Capital Goods | 1.18% | ₹61.57 Cr | +1.36% | +2.12% | +2.26% |
| Ashok Leyland Ltd. | Automobile | 1.11% | ₹57.67 Cr | +1.11% | +1.23% | — |
| Metropolis Healthcare Ltd. | Healthcare | 1.10% | ₹57.01 Cr | +1.07% | +0.98% | +1.14% |
| Tata Steel Ltd. | Metals & Mining | 1.10% | ₹56.95 Cr | +1.09% | +1.00% | — |
| UNO Minda Ltd. | Automobile | 1.07% | ₹55.81 Cr | +0.97% | +0.62% | — |
| Kei Industries Ltd. | Capital Goods | 1.06% | ₹55.24 Cr | +1.26% | +0.20% | — |
| Century Plyboards (India) Ltd. | Materials | 1.05% | ₹54.34 Cr | +1.12% | +1.19% | +1.37% |
| Others | Others | 1.05% | ₹54.67 Cr | +0.14% | -0.36% | -0.40% |
| DLF Ltd. | Construction | 1.04% | ₹54.26 Cr | — | — | — |
| Radico Khaitan Ltd. | Consumer Staples | 1.02% | ₹53.15 Cr | +1.72% | +1.37% | +1.45% |
| Tenneco Clean Air India Ltd | Automobile | 0.98% | ₹50.67 Cr | +0.57% | +0.57% | — |
| Pine Labs Ltd. | Financial | 0.97% | ₹50.59 Cr | — | — | — |
| Godrej Consumer Products Ltd. | Consumer Staples | 0.95% | ₹49.30 Cr | +1.10% | +1.22% | +1.44% |
| Viyash Scientific Limited | Healthcare | 0.90% | ₹46.61 Cr | — | — | — |
| SBI Funds Management Ltd. | Financial | 0.87% | ₹45.06 Cr | — | — | — |
| Hindalco Industries Ltd. | Metals & Mining | 0.80% | ₹41.44 Cr | +0.79% | +1.12% | — |
| Axiscades Technologies Ltd. | Technology | 0.68% | ₹35.47 Cr | — | — | — |
| The South Indian Bank Ltd. | Financial | 0.67% | ₹34.73 Cr | — | — | — |
| Vishal Mega Mart Ltd. | Services | 0.66% | ₹34.37 Cr | +0.75% | +0.58% | +0.82% |
| L&T Finance Ltd. | Financial | 0.65% | ₹33.57 Cr | +0.54% | — | — |
| Global Health Ltd. | Healthcare | 0.57% | ₹29.79 Cr | +1.51% | +1.15% | +1.28% |
| ITC Ltd. | Consumer Staples | 0.56% | ₹28.85 Cr | +0.59% | +0.68% | +1.14% |
| Lumino Industries Ltd. | Capital Goods | 0.44% | ₹22.72 Cr | — | — | — |
| National Stock Exchange | Financial | 0.38% | ₹19.80 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| HDFC Bank Ltd. | 3.92% | 5.06% | +1.14% |
| Global Health Ltd. | 1.65% | 0.57% | -1.08% |
| Pine Labs Ltd. | 0.00% | 0.97% | +0.97% |
| Aptus Value Housing Finance India Ltd. | 0.82% | 0.00% | -0.82% |
| Axiscades Technologies Ltd. | 0.00% | 0.68% | +0.68% |
| The South Indian Bank Ltd. | 0.00% | 0.67% | +0.67% |
| INDO-MIM Ltd. | 1.28% | 1.93% | +0.65% |
| Power Finance Corporation Ltd. | 0.49% | 0.00% | -0.49% |
| National Stock Exchange | 0.00% | 0.38% | +0.38% |
| Shriram Finance Ltd | 2.89% | 2.53% | -0.36% |
| Others | -0.10% | -0.46% | -0.36% |
| Molbio Diagnostics Ltd. | 1.02% | 1.31% | +0.29% |
| Lumino Industries Ltd. | 0.18% | 0.44% | +0.26% |
| Radico Khaitan Ltd. | 1.28% | 1.02% | -0.26% |
| ICICI Bank Ltd. | 6.16% | 5.93% | -0.23% |
| Kei Industries Ltd. | 1.29% | 1.06% | -0.23% |
| Fortis Healthcare Ltd. | 2.20% | 1.98% | -0.22% |
| Swiggy Ltd. | 2.40% | 2.26% | -0.14% |
| Infosys Ltd. | 1.97% | 1.83% | -0.14% |
| V-Guard Industries Ltd. | 1.47% | 1.33% | -0.14% |
| Maruti Suzuki India Ltd. | 2.09% | 1.96% | -0.13% |
| State Bank of India | 3.37% | 3.24% | -0.13% |
| Mphasis Ltd. | 2.12% | 2.00% | -0.12% |
| NTPC Ltd. | 2.35% | 2.46% | +0.11% |
| Sun Pharmaceutical Industries Ltd. | 1.59% | 1.70% | +0.11% |
| Indian Bank | 1.72% | 1.63% | -0.09% |
| Indusind Bank Ltd. | 1.52% | 1.43% | -0.09% |
| Piramal Finance Ltd. | 1.53% | 1.44% | -0.09% |
| L&T Finance Ltd. | 0.74% | 0.65% | -0.09% |
| Ashok Leyland Ltd. | 1.19% | 1.11% | -0.08% |
| Tata Steel Ltd. | 1.03% | 1.10% | +0.07% |
| Ajanta Pharma Ltd. | 1.12% | 1.19% | +0.07% |
| Bajaj Finance Ltd. | 1.55% | 1.49% | -0.06% |
| Bharti Airtel Ltd. | 2.36% | 2.42% | +0.06% |
| Kalpataru Projects International Ltd. | 1.13% | 1.19% | +0.06% |
| Ipca Laboratories Ltd. | 1.62% | 1.68% | +0.06% |
| Astra Microwave Products Ltd. | 1.22% | 1.27% | +0.05% |
| Century Plyboards (India) Ltd. | 1.10% | 1.05% | -0.05% |
| Dalmia Bharat Ltd. | 1.33% | 1.28% | -0.05% |
| ITC Ltd. | 0.51% | 0.56% | +0.05% |
| SBI Funds Management Ltd. | 0.92% | 0.87% | -0.05% |
| Viyash Scientific Limited | 0.95% | 0.90% | -0.05% |
| Hero Motocorp Ltd. | 2.62% | 2.67% | +0.05% |
| Schaeffler India Ltd. | 1.37% | 1.42% | +0.05% |
| Bank of Maharashtra | 1.28% | 1.32% | +0.04% |
| Larsen & Toubro Ltd. | 2.54% | 2.50% | -0.04% |
| Reliance Industries Ltd. | 2.74% | 2.70% | -0.04% |
| DLF Ltd. | 1.01% | 1.04% | +0.03% |
| Indus Towers Ltd. | 1.67% | 1.70% | +0.03% |
| Park Medi World Ltd. | 1.74% | 1.77% | +0.03% |
| SRF Ltd. | 1.27% | 1.30% | +0.03% |
| UNO Minda Ltd. | 1.10% | 1.07% | -0.03% |
| Ultratech Cement Ltd. | 1.82% | 1.85% | +0.03% |
| Poonawalla Fincorp Ltd. | 2.06% | 2.09% | +0.03% |
| Interglobe Aviation Ltd. | 1.30% | 1.32% | +0.02% |
| Tech Mahindra Ltd. | 2.12% | 2.10% | -0.02% |
| Tenneco Clean Air India Ltd | 0.96% | 0.98% | +0.02% |
| Vishal Mega Mart Ltd. | 0.68% | 0.66% | -0.02% |
| Bharat Electronics Ltd. | 1.51% | 1.50% | -0.01% |
| Hindalco Industries Ltd. | 0.81% | 0.80% | -0.01% |
| Metropolis Healthcare Ltd. | 1.11% | 1.10% | -0.01% |
| Jindal Steel Ltd. | 1.37% | 1.38% | +0.01% |
| Axis Bank Ltd. | 1.48% | 1.48% | 0.00% |
| GE Vernova T&D India Ltd | 1.18% | 1.18% | 0.00% |
| Godrej Consumer Products Ltd. | 0.95% | 0.95% | 0.00% |
| The Jammu & Kashmir Bank Ltd. | 1.50% | 1.50% | 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 | ₹2,879 Cr | 2.41% | 12.1% | 10.0% | 14.5% |
 HDFC Value Fund | ₹8,039 Cr | 1.87% | 10.9% | 9.3% | 13.7% |
 DSP Value Fund | ₹2,225 Cr | 2.35% | 9.2% | 10.7% | 14.2% |
 Quant Value Fund | ₹1,917 Cr | 2.31% | 8.0% | 7.3% | — |
 Axis Value Fund | ₹1,877 Cr | 2.20% | 13.0% | 10.5% | 15.8% |
 LIC MF Value Fund | ₹336 Cr | 3.33% | 19.4% | 12.2% | 14.2% |
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 months2.89% absolute | ₹60,000 | ₹61,734 | 2.89% | |
| 1 year−0.34% annualised | ₹1,20,000 | ₹1,19,779 | −0.18% | |
| 3 years13.70% annualised | ₹3,60,000 | ₹4,47,224 | 24.23% | |
| 5 years12.26% annualised | ₹6,00,000 | ₹8,30,812 | 38.47% |
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 ₹153.14 as on 9 Nov 2026.
What is the expense ratio of Kotak Contra Fund?
The expense ratio of Kotak Contra Fund is 2.03% 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 2.3% over 1 year, 5.0% over 3 years and 12.0% 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 97 schemes with ₹6,34,000 Cr under management.