Kotak Contra Fund
Direct · GrowthAI Summary
Kotak Contra Fund has delivered strong long-term alpha over the NIFTY 50, with a 10Y lump-sum CAGR of 15.73% versus the benchmark's 9.88% and alpha of 6.04% over 10 years. On the primary SIP metric, its 3Y XIRR of 19.72% slightly beats the category average of 19.57%, though 5Y (19.44% vs 20.04%) and 10Y (18.61% vs 18.91%) XIRR trail category peers modestly. The 1Y XIRR of 12.8% outpaces the category's 11.86%, and the fund's -2.42% CAGR over the past year compares favorably to the NIFTY 50's -9.72%.
The fund shows a beta near 1 (0.94-1.01 across periods) with consistently low downside capture of roughly 88-91%, meaning it has historically fallen less than the benchmark during declines. It has experienced 8 drawdown events exceeding 10%, and the current maximum drawdown of -0.38% took 231 days to recover from a 59-day drawdown period. Calmar ratios of roughly 0.44-0.50 across horizons indicate reasonable risk-adjusted returns relative to drawdown risk.
No individual holdings or sector allocation data was provided for this fund, so specific portfolio composition cannot be assessed. As a contra fund, it typically invests counter-cyclically in out-of-favor stocks, which can lead to meaningful deviation from benchmark sector weights. Investors should review the current factsheet for top holdings and concentration details before investing.
Against category peers, the fund's SIP XIRR is marginally ahead at 1Y (12.8% vs 11.86%) and 3Y (19.72% vs 19.57%) but slightly behind at 5Y (19.44% vs 20.04%), 7Y (17.9% vs 18.25%), and 10Y (18.61% vs 18.91%). Calendar year returns show strong consistency, with only two negative years (2015: -1.69%, 2026 YTD: -7.08%) in the past 14 years and multiple years above 30% (2014, 2017, 2021, 2023). This suggests dependable long-term performance with modest underperformance versus the best peers in some windows.
This fund suits investors with a long time horizon of 5-7 years or more who can tolerate contra-style positioning that may lag during momentum-driven markets. Its low downside capture and strong alpha history make it appropriate for moderate-risk investors seeking equity exposure with some downside resilience. It works well as a diversifier within a core large-cap or index fund allocation rather than as a sole equity holding.
- Consistent alpha over NIFTY 50 across all periods, ranging from 5.25% (15Y) to 8.96% (3Y)
- Low downside capture of 88-91% across all horizons, indicating better-than-benchmark resilience in falling markets
- Strong calendar-year consistency with only two negative years since 2013 and a low expense ratio of 0.58%
- SIP XIRR trails the category average at 5Y, 7Y, and 10Y horizons, suggesting mid-tier positioning among contra peers
- Eight drawdown events exceeding 10% and a 231-day recovery from the latest max drawdown highlight meaningful interim volatility
Generated on 09-10-2026, 3:14 AM. Verify before investing.
Gives more importance to longer time periods (10Y, 20Y) than shorter ones (1Y, 3Y). This balances out recent outperformance and gives a more realistic picture of what long-term returns might look like.
The largest peak-to-trough decline in the fund's NAV. Shows the worst-case loss an investor would have experienced at any point in the fund's history.
If you invested ₹1,00,000 every month via SIP, here's how this fund has historically performed across different time horizons.
| Duration | Invested | Median Value | XIRR | Min XIRR | Max XIRR |
|---|---|---|---|---|---|
| 1 Year | ₹12.00 L | ₹12.85 L | 19.6% | -57.4% | 99.5% |
| 3 Years | ₹36.00 L | ₹46.32 L | 17.5% | -19.4% | 38.9% |
| 5 Years | ₹60.00 L | ₹92.70 L | 17.9% | -5.5% | 32.7% |
| 7 Years | ₹84.00 L | ₹1.57 Cr | 17.9% | 0.7% | 26.7% |
| 10 Years | ₹1.20 Cr | ₹3.20 Cr | 18.6% | 14.8% | 22.6% |
| 12 Years | ₹1.44 Cr | ₹4.58 Cr | 17.9% | 15.4% | 20.3% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | NIFTY 50 | Category avg | Fund edge |
|---|---|---|---|---|
| 1 Year | 19.6% | 14.3% | 11.3% | +5.3% |
| 3 Years | 17.5% | 11.0% | 19.4% | +6.4% |
| 5 Years | 17.9% | 10.4% | 19.9% | +7.5% |
| 7 Years | 17.9% | 10.6% | 18.2% | +7.3% |
| 10 Years | 18.6% | 11.4% | 18.9% | +7.1% |
| 12 Years | 17.9% | 11.3% | 18.0% | +6.5% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 18.8% | 14.6% | -30.9% | 101.0% | 0.63 | 2.28 | 89% | — | — |
| 3 Years | 17.6% | 17.4% | -2.9% | 35.9% | 1.90 | 15.29 | 100% | — | — |
| 5 Years | 17.4% | 17.0% | 1.1% | 32.6% | 2.12 | 30.17 | 100% | — | — |
| 10 Years | 17.4% | 17.5% | 14.6% | 19.7% | 9.55 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +4.99 | 0.99 | 98.1% | 91.9% | -4.3% | -9.5% |
| 3 Years | +8.15 | 1.00 | 101.3% | 91.1% | 13.6% | 5.5% |
| 5 Years | +7.61 | 0.97 | 99.3% | 90.1% | 12.3% | 4.6% |
| 7 Years | +7.00 | 0.94 | 96.2% | 88.8% | 17.3% | 10.6% |
| 10 Years | +5.68 | 0.94 | 96.3% | 89.8% | 16.0% | 10.5% |
| 12 Years | +5.89 | 0.94 | 96.7% | 90.1% | 15.3% | 9.6% |
| 15 Years | +5.09 | 0.92 | 95.1% | 88.7% | 14.3% | 9.4% |