This 5-star rated SBI mutual fund is performing best in its category
SBI Contra Fund - Direct Plan - Growth
The fund was launched on July 14th, 1999, and is now rated 1 by CRISIL and 5 stars by Value Research
The expense ratio of the fund, which is 1.25 per cent, is higher than that of the majority of other funds in the same category
Since its introduction, SBI Contra Direct Plan-Growth has generated returns of an average of 15.01% per year, and 22.06% over the past year
The Money invested every two years the fund doubled investors’ money.
The fund has produced an annualised SIP return of 24.09% during the previous five years, translating to a SIP of ₹10,000 invested five years ago becoming almost ₹10.89 lakh now.
The fund has produced an annualised SIP return of 36.79% over the past three years, which implies that a SIP of ₹10,000 invested in this fund three years ago would now have grown to around ₹6.05 lakh.
SBI Contra Fund outperformed its counterparts, including ICICI Prudential Value Discovery Fund, Templeton India Value Fund, IDFC Sterling Value Fund, Tata Equity PE Fund
The expense ratio of the fund, which is 1.25 per cent, is higher than that of the majority of other funds in the same category.