Value / Contra Mutual Funds
At least 65% in equity, following a value or contrarian strategy.
Buying what the market dislikes. These funds can lag for years — sometimes many years — and then make it back quickly. Judging one over three years usually judges the market's mood rather than the manager.
Who it suits. Patient investors who understand that being early looks identical to being wrong. Hold for 7 to 10 years.
Direct plans in this category
- SBI CONTRA FUNDSBI Mutual Fund · NAV ₹418.74 0.1% 13.3% 17.6%
- JM Value FundJM Financial Mutual Fund · NAV ₹111.71 2.2% 14.8% 16.9%
- ICICI Prudential Value Fund (erstwhile Value Discovery Fund)ICICI Prudential Mutual Fund · NAV ₹511.04 -1.8% 14.0% 16.6%
- Kotak Contra FundKotak Mahindra Mutual Fund · NAV ₹186.45 3.9% 17.6% 16.3%
- Nippon India Value FundNippon India Mutual Fund · NAV ₹250.26 1.8% 16.5% 15.9%
- HDFC Value FundHDFC Mutual Fund · NAV ₹904.32 8.7% 18.0% 15.8%
- Tata Value FundTata Mutual Fund · NAV ₹409.05 4.9% 15.2% 15.4%
- Templeton India Value FundFranklin Templeton Mutual Fund · NAV ₹779.82 -1.8% 11.8% 15.3%
- Invesco India Contra FundInvesco Mutual Fund · NAV ₹163.47 2.1% 17.0% 15.2%
- Bandhan Value FundBandhan Mutual Fund · NAV ₹170.40 2.1% 12.1% 14.9%
- Union Value FundUnion Mutual Fund · NAV ₹31.26 4.7% 14.5% 14.6%
- ITI Value FundITI Mutual Fund · NAV ₹19.18 8.2% 15.4% 14.6%
- DSP Value FundDSP Mutual Fund · NAV ₹25.05 12.8% 18.1% 14.2%
- Groww Value FundGroww Mutual Fund · NAV ₹33.59 3.3% 15.3% 13.3%
- UTI Value FundUTI Mutual Fund · NAV ₹184.67 -0.4% 14.4% 12.9%
- Quantum Value FundQuantum Mutual Fund · NAV ₹125.97 -4.3% 11.7% 11.0%
- Sundaram Value FundSundaram Mutual Fund · NAV ₹226.57 -4.8% 8.2% 9.6%
- Axis Value FundAxis Mutual Fund · NAV ₹21.85 11.9% 20.5% —
- Baroda BNP Paribas Value FundBaroda BNP Paribas Mutual Fund · NAV ₹14.43 1.9% 10.9% —
- Canara Robeco Value FundCanara Robeco Mutual Fund · NAV ₹19.67 1.8% 13.4% —
- LIC MF Value FundLIC Mutual Fund · NAV ₹31.26 23.6% 18.9% —
- Mahindra Manulife Value FundMahindra Manulife Mutual Fund · NAV ₹13.18 — — —
- NJ Value FundNJ Mutual Fund · NAV ₹9.88 — — —
- Quant Value Fundquant Mutual Fund · NAV ₹24.39 18.6% 22.2% —
Point-to-point CAGR from AMFI NAV history, Direct plans only. Ordered by five-year return so the list has a shape, not because the order is a judgement. Past returns do not predict future ones — a fund near the top is usually there because its style suited the last five years, and styles take turns.
Other categories
Questions people ask
What is a Value / Contra fund?
At least 65% in equity, following a value or contrarian strategy. Buying what the market dislikes. These funds can lag for years — sometimes many years — and then make it back quickly. Judging one over three years usually judges the market's mood rather than the manager.
Who should invest in Value / Contra funds?
Patient investors who understand that being early looks identical to being wrong. A sensible holding period is 7 to 10 years.
How is this list ordered?
By five-year CAGR computed from AMFI's published NAV history, within one plan type. It is a sort, not a verdict — a fund near the top is there because its style suited the last five years, which is not a promise about the next five.
Should I choose the Direct or Regular plan?
A Direct plan holds exactly the same portfolio without the distributor commission, so its expense ratio is lower — commonly 0.5% to 1.2% a year — and it compounds ahead of the Regular plan for ever. Choose Regular only if you want an intermediary's advice and are content to pay for it annually.