UTI Contra Fund

UTI Contra Fund is managed by Sanjay Ramdas Dongre. The fund’s objective is to provide long term capital appreciation/dividend distribution through investments in listed equities & equity related instruments. The fund offers an opportunity to benefit from the impact of non- rational investors' behaviour by focusing on stocks that are currently undervalued because of emotional & behavioural patterns present in the stock market. If you have already invested in this scheme you can exit and invest in a better performing fund from this category.

Where does UTI Contra Fund invest your money?

UTI Contra Fund is a large cap fund which means most of your money will be invested in stocks of large sized companies. Large cap companies tend to be stable compared to mid cap and small cap companies. And just to give kicker returns the fund has exposure in mid cap companies as well. UTI Contra Fund has 73% exposure to large sized companies and 17% exposure to mid sized companies and 8% exposure to small sized companies.

Suitable for what?
  • Child’s education
  • Child’s Marriage
  • Planning for retirement
  • Home Purchase
Not suitable for what?
  • Creating wealth
  • Short term needs
  • Lifestyle needs
How has UTI Contra Fund performed in the past?

If you had invested Rs 1 lakh when the fund was launched in March 2006, your value of investments would be around Rs 1.29 lakhs. If you had invested Rs. 1 lakh 5 years back you would just have around Rs. 1.16 lakhs.The fund's performance has not been similar to other funds in this category. It has been giving around 3 % returns to investors who have stayed invested for 5 years.

Assume you had invested Rs 10,000 every month in UTI Contra Fund through SIP since inception today you would have around Rs 6.9 lakhs.

Our recommendation for fresh investment
Not Recommended
Our recommendation for existing investment
Not Recommended
What are the charges applicable?

Exit load of 1% is charged if units are redeemed within a year from the date of allotment. No exit load applies for units withdrawn post one year. Expense ratio of UTI Contra Fund is 2.42%. This is charged to recover the fund management company’s expenses on securities’ transactions, commissions, registrar fees, etc. Your mutual fund returns will be total returns less expense ratio.

What are the tax implications?

The returns in an equity mutual fund are absolutely tax free, provided you do not withdraw within 1 year.

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