| KOTAK CONTRA FUND
(ERSTWHILE KNOWN AS KOTAK INDIA EQ CONTRA FUND)
An open ended equity Scheme following contrarian investment strategy
| KOTAK CONTRA FUND
(ERSTWHILE KNOWN AS KOTAK INDIA EQ CONTRA FUND)
An open ended equity Scheme following contrarian investment strategy

   

   
Investment 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.

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.


Issuer/Instrument % to Net
Assets

Equity & Equity related
Banks 22.76
HDFC Bank Ltd. 6.26
ICICI Bank Ltd. 4.66
STATE BANK OF INDIA 4.02
Axis Bank Ltd. 2.06
INDIAN BANK 1.74
Bank Of Baroda 1.53
IndusInd Bank Ltd. 1.31
BANK OF MAHARASHTRA 1.18
IT - Software 9.32
Infosys Ltd. 3.66
Tech Mahindra Ltd. 3.21
Mphasis Ltd 2.45
Finance 8.90
SHRIRAM FINANCE LTD. 3.17
BAJAJ FINANCE LTD. 1.98
POONAWALLA FINCORP LTD. 1.92
APTUS VALUE HOUSING FINANCE 1.01
PIRAMAL FINANCE LTD 0.82
Automobiles 5.49
Hero MotoCorp Ltd. 2.88
Maruti Suzuki India Limited 2.61
Healthcare Services 5.29
Fortis Healthcare India Ltd 2.09
PARK MEDI WORLD LIMITED (PARK HOSPITAL) 1.19
Global Health Ltd. 1.04
Metropolis Healthcare Ltd. 0.97
Petroleum Products 4.81
RELIANCE INDUSTRIES LTD. 3.10
Bharat Petroleum Corporation Ltd. 1.71
Pharmaceuticals and Biotechnology 4.45
Ipca Laboratories Ltd. 1.47
JUBILANT PHARMOVA LIMITED 1.12
Ajanta Pharma Ltd. 0.94
JB CHEMICALS & PHARMACEUTICALS LTD. 0.92
Cement and Cement Products 3.79
Ultratech Cement Ltd. 2.19
Dalmia Bharat Limited 1.60
Consumer Durables 3.07
Century Plyboards (India) Ltd. 1.26
VOLTAS LTD. 1.02
LG ELECTRONICS INDIA LTD 0.79
Electrical Equipment 2.80
GE VERNOVA T&D INDIA LIMITED 2.29
EMMVEE PHOTOVOLTAIC POWER LIMITED 0.51
Telecom - Services 2.78
Bharti Airtel Ltd 2.78
Retailing 2.59
SWIGGY LTD 1.95
VISHAL MEGA MART LIMITED 0.64
Power 2.51
NTPC LTD 2.51
Construction 2.25
Larsen And Toubro Ltd. 1.25
KALPATARU PROJECTS INTERNATIONAL LIMITED 1.00
Personal Products 1.98
Godrej Consumer Products Ltd. 1.32
Emami Ltd. 0.66
Aerospace and Defense 1.77
Bharat Electronics Ltd. 1.77
Capital Markets 1.63
NUVAMA WEALTH MANAGEMENT LIMITED 0.90
CANARA ROBECO ASSET MANAGEMENT COMPANY LTD. 0.73
Chemicals and Petrochemicals 1.51
SRF Ltd. 1.51
Ferrous Metals 1.41
Jindal Steel & Power Ltd. 1.41
Non - Ferrous Metals 1.28
Hindalco Industries Ltd 1.28
Transport Services 1.24
Inter Globe Aviation Ltd 1.24
Beverages 1.22
Radico Khaitan Ltd. 1.22
Insurance 1.02
SBI Life Insurance Company Ltd 1.02
Industrial Products 1.00
APL APOLLO TUBES LTD. 1.00
Diversified FMCG 0.85
ITC Ltd. 0.85
Fertilizers and Agrochemicals 0.81
Coromandel International Ltd. 0.81
Industrial Manufacturing 0.60
JYOTI CNC AUTOMATION LTD 0.60
Leisure Services 0.60
SAPPHIRE FOODS INDIA LTD. 0.60
Agricultural, Commercial and Construction Vehicles 0.59
ASHOK LEYLAND LTD. 0.59
Auto Components 0.52
TENNECO CLEAN AIR INDIA LIMITED 0.52
Equity & Equity related - Total 98.84
Triparty Repo 1.77
Net Current Assets/(Liabilities) -0.61
Grand Total 100.00



Systematic Investment Plan (SIP) If you had invested Rs 10,000 every month
Monthly SIP of (₹) 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (₹) 24,70,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000
Total Value as on Jan 30, 2026 (₹) 1,36,09,507 29,38,065 16,25,482 9,07,776 4,44,837 1,26,087
Scheme Returns (%) 14.51 17.06 18.53 16.58 14.24 9.56
Nifty 500 (TRI) Returns (%) 13.31 14.78 15.75 13.01 11.07 5.78
Alpha* 1.20 2.28 2.77 3.57 3.17 3.78
Nifty 500 (TRI) (₹)# 1,16,82,736 25,99,395 14,72,549 8,31,455 4,24,894 1,23,698
Nifty 100 (TRI) Returns (%) 12.93 13.77 14.25 11.90 10.75 6.89
Alpha* 1.58 3.29 4.28 4.68 3.50 2.67
Nifty 100 (TRI) (Rs)# 1,11,32,275 24,62,669 13,95,475 8,08,888 4,22,903 1,24,406
Nifty 50 (TRI) (Rs)^ 1,07,08,457 24,62,266 13,86,658 8,03,990 4,20,594 1,24,466
Nifty 50 (TRI) Returns (%) 12.62 13.77 14.07 11.65 10.37 6.99

Scheme Inception : - July 27,2005. The returns are calculated by XIRR approach assuming investment of ₹ ₹ 10,000/- on the 1st working day of every month. Since Inception returns are assumed to be starting from the inception date of the Scheme and calculated accordingly. XIRR helps in calculating return on investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration. The SIP performance details provided herein are of Regular Plan - Growth Option Different plans have different expense structure. # Benchmark; ^ Additional Benchmark. TRI – Total Return Index, In terms of para 6.14 of SEBI Master circular No. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 dated June 27, 2024, the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI). Alpha is difference of scheme return with benchmark return. *All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Source: ICRA MFI Explorer.

Net Asset Value (NAV)
RegularDirect
Growth Rs153.0609Rs181.7454
IDCW Rs52.7595Rs64.6739
(as on January 30, 2026)

Available Plans/Options

A) Regular Plan B) Direct Plan
Options: Payout of IDCW, Reinvestment of IDCW & Growth (applicable for all plans)


Fund Manager* Ms. Shibani Sircar Kurian
Benchmark*** Nifty 500 TRI (Tier 1),
Nifty 100 TRI (Tier 2)
Allotment dateJuly 27, 2005
AAUMRs5,093.27 crs
AUMRs5,086.82 crs
Folio count1,39,746

IDCW Frequency

Trustee's Discretion


Ratios
Portfolio Turnover32.47%
$Beta1.00
$Sharpe ##1.07
$Standard Deviation13.19%
^^(P/E) 26.29
^^P/BV 3.50
Source: $ICRA MFI Explorer, ^^Bloomberg

Market Capitalisation*
Large Cap57.85%
Mid Cap28.06%
Small Cap12.93%
Debt & Money Market1.16%

*% of Net Asset

Minimum Investment Amount

Initial & Additional Investment
• Rs100 and any amount thereafter
Systematic Investment Plan (SIP)
• Rs 100 and any amount thereafter

Ideal Investments Horizon

• 5 years & above


Load Structure

Entry Load: Nil. (applicable for all plans)
Exit Load:
• For redemption / switch out within 90 days from the date of allotment:1%
• If units are redeemed or switched out on or after 90 days from the date of allotment - Nil.


Total Expense Ratio**
Regular Plan: 1.84%
Direct Plan: 0.58%

Data as on 31st January, 2026 unless otherwise specified.

Folio Count data as on 31st December 2025.

Fund


Benchmark - Tier 1 : Nifty 500 TRI
Benchmark - Tier 2 : Nifty 100 TRI

This product is suitable for investors who are seeking*:
  • Long term capital growth
  • Investment in portfolio of predominantly equity & equity related securities.

* Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

For latest Riskometer, investors may refer to an addendum issued or updated on website at www.kotakmf.com


***As per para 1.9 of of SEBI Master c***As per para 1.9 of of SEBI Master circular No. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 dated June 27, 2024 The first tier benchmark is reflective of the category of the scheme and the second tier benchmark is demonstrative of the investment style / strategy of the Fund Manager within the category.
## Risk rate assumed to be 5.53% (FBIL Overnight MIBOR rate as on 30th Jan 2026).**Total Expense Ratio includes applicable B30 fee and GST.
* For Fund Manager experience, please refer 'For Regular Plan' & 'For Direct Plan'
For last three IDCW, please refer 'Dividend History'.
For scheme performance, please refer 'For Regular Plan' & 'For Direct Plan'