Fundalysisby DARKHORSESTOCKS

Scheme

Kotak Contra Fund

Holds 63 companies worth ₹5,142 Cr in Sept 2026.

  • Fund house

    KotakThe fund house that runs this scheme.

  • AUM

    ₹5,403 CrKotak Contra Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 2.0% on Aug 2026, ₹5,511 Cr.

  • Largest holding

    ICICI BankICICI Bank is 5.9% of this scheme's NAV.

  • Fund manager

    Shibani KurianRuns it since 9 May 2019, as the fund house dates it.

Overview(9 Oct 2026)

Fund managers1

  1. Shibani KurianFund manager · May 2019 · 26y · PGDM

    Key facts

    Benchmark
    Nifty 500 TRI
    Risk
    Very High
    Expense
    Regular 2.03% · Direct 0.8%
    Exit load
    1% within 90 days
    Started
    27 Jul 2005
    Minimum
    ₹100

    Source.Its Scheme Summary Document as of 9 Oct 2026 at AMFI.

    What changed(13 changes)

    Aug 2026

    1 change
    1. Expense ratio
      30 AugRegular 2% → 2.03%Direct 0.77% → 0.8%

    Jul 2026

    1 change
    1. Expense ratio
      30 JulRegular 2.02% → 2%Direct 0.79% → 0.77%

    Jun 2026

    1 change
    1. Expense ratio
      29 JunRegular 1.89% → 2.02%Direct 0.62% → 0.79%

    Source.Its filings at NSE, since Aug 2024.

    Fund managers over time(May 2019 – now)

    1. Shibani Kurian
    MainCoSlice2020202120222023202420252026
    Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

    Costs(Aug 2024 – Oct 2026)

    Every change to the expense ratio, newest first.
    13 changesRegularDirectΔ pt
    30 Aug 20262.03%0.80%0.03
    30 Jul 20262.00%0.77%0.02
    29 Jun 20262.02%0.79%0.17
    30 May 20261.89%0.62%0
    29 Apr 20261.87%0.62%0.02
    30 Mar 20261.87%0.60%0.02
    29 Nov 20251.84%0.58%0.01
    31 Aug 20251.85%0.57%0
    31 Jul 20251.86%0.57%0.01
    30 Jun 20251.87%0.58%0
    31 May 20251.86%0.58%0.03
    30 Sept 20241.87%0.55%0
    31 Aug 20241.88%0.55%–
    Direct plan, 30 Aug 2026
    0.80%
    Regular plan 2.03% · Exit load 1% within 90 days
    Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

    Objective and risk(9 Oct 2026)

    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 of the Scheme will be achieved.

    Risk, type and benchmark

    Riskometer
    Very High
    At launch
    Very High
    Type
    An open ended equity scheme following contrarian investment strategy
    Benchmark
    Nifty 500 TRI
    Benchmark 2
    Nifty 100 TRI

    Asset allocation it may hold% of NAV

    1. Equity and Equity related Securities
      Allowed80–100%Holds99.0%
    2. Debt and Money Market Securities
      Allowed0–20%Holds1.0%
    3. Units of Gold/Silver ETF
      Allowed0–20%
    4. Units issued by InvITs
      Allowed0–20%Holds0.0%

    Holds in Sept 2026.99.0% equity · 1.0% debt and cash

    How to invest(9 Oct 2026)

    Buying

    To start
    ₹100, then rs. 100/- and any amount thereafter
    To add
    ₹100, then rs. 100/- and any amount thereafter
    Systematic
    SIP - Daily, Weekly, Monthly, Quarterly, Half – Yearly and Annually SWP - Daily, Weekly, Monthly, Quarterly, Half – Yearly and Annually STP - Daily, Weekly, Monthly & Quarterly
    Dates
    SIP - Any date from 1st to 31stSWP - Any Date of Every Month STP - Any Business Day
    Minimum
    SIP - Rs. 100/- and any amount thereafter,SWP - Rs. 1000 STP - Rs. 1000, then sIP - Rs. 100/- and any amount thereafter,SWP - STP -
    Instalments
    SIP - N.A. SWP - 6 installments STP - 6 installments

    Selling and switching

    To redeem
    ₹100 or 10 units units
    Minimum balance
    ₹1,000 or 100 units units

    Scheme details(9 Oct 2026)

    What it is

    Category
    Contra Fund
    Offer
    2 Jun 2005 to 1 Jul 2005
    Started
    27 Jul 2005
    Reopened
    27 Jul 2005
    Plans
    Growth · Payout of Income Distribution cum capital withdrawal (IDCW) · Reinvestment of Income Distribution cum capital withdrawal (IDCW)
    Face value
    ₹10
    Listed
    No

    How it is run

    Swing pricing
    No
    Side-pocketing
    No
    Custodian
    Deutsche Bank A G, Mumbai
    Auditor
    S. R. Batliboi & Co. LLP
    Registrar
    Computer Age Management Services (‘CAMS’)
    SEBI code
    KOTM/O/E/COF/05/01/0015