Loading…
Value / Contra · Invesco Mutual Fund · AMFI code 105459Invesco India Contra Fund
Disclosed for 9 months, Jan 2026 to Sep 2026.Published as: Invesco India Contra Fund (An open ended equity scheme following contrarian investment strategy)
Portfolio value
₹17,664 Cr
down ₹2,284 Cr vs Feb 2026
- Stocks held
- 68
- down 2 vs Feb 2026
- Top 10 weight
- 37.6%
- of the portfolio in its ten largest
- Cash & debt
- 0.8%
- cash, money market and debt
- Moves this month
- 2 in · 4 out
- added to 6, trimmed 60
Invesco India Contra Fund is an active equity fund in the Value / Contra category from Invesco Mutual Fund. In March 2026 it disclosed 68 stocks worth ₹17,664 Cr, down ₹2,284 Cr from Feb 2026. Its largest positions were HDFC Bank Limited (6.6%), ICICI Bank Limited (5.1%), Infosys Limited (4.3%); the ten largest together made up 37.6% of the portfolio, and Banks was the biggest sector at 22.9% of its equity. Cash and debt stood at 0.8%. Compared with Feb 2026 the fund entered 2 new stocks and exited 4.
Against 26 other Value / Contra funds
Concentration
46%
Top-10 weight is higher than 46% of peers
Breadth
62%
Holds more stocks than 62% of peers
Cash
8%
Holds more cash than 8% of peers
What these mean: concentration · cash
Holdings in March 2026
Download CSVEvery line the fund disclosed, with the change against Feb 2026. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| HDFC Bank Limited | 6.57% | down 0.49 pts | ₹1,161 Cr | down ₹248 Cr | Trimmed |
| ICICI Bank Limited | 5.08% | down 0.06 pts | ₹898 Cr | down ₹129 Cr | Trimmed |
| Infosys Limited | 4.33% | up 0.53 pts | ₹764 Cr | up ₹6.3 Cr | Added |
| Larsen & Toubro Limited | 3.77% | down 0.31 pts | ₹666 Cr | down ₹147 Cr | Trimmed |
| Mahindra & Mahindra Limited | 3.72% | down 0.07 pts | ₹657 Cr | down ₹98.4 Cr | Trimmed |
| Reliance Industries Limited | 3.71% | up 0.30 pts | ₹656 Cr | down ₹24.4 Cr | Trimmed |
| Axis Bank Limited | 3.42% | down 0.19 pts | ₹604 Cr | down ₹116 Cr | Trimmed |
| Bharti Airtel Limited | 2.65% | up 2.65 pts | ₹469 Cr | up ₹469 Cr | New |
| Cholamandalam Investment and Finance Company Limited | 2.23% | down 0.29 pts | ₹395 Cr | down ₹110 Cr | Trimmed |
| Apollo Hospitals Enterprise Limited | 2.16% | down 0.07 pts | ₹382 Cr | down ₹64 Cr | Trimmed |
| Glenmark Pharmaceuticals Limited | 2.05% | up 0.07 pts | ₹363 Cr | down ₹32.5 Cr | Trimmed |
| Bharat Electronics Limited | 2.00% | up 0.03 pts | ₹353 Cr | down ₹38.8 Cr | Trimmed |
| The Federal Bank Limited | 1.99% | down 0.05 pts | ₹351 Cr | down ₹54.7 Cr | Trimmed |
| FSN E-Commerce Ventures Limited | 1.76% | down <0.01 pts | ₹311 Cr | down ₹40.3 Cr | Trimmed |
| Swiggy Limited | 1.74% | down 0.05 pts | ₹308 Cr | down ₹49.3 Cr | Trimmed |
| TVS Motor Company Limited | 1.66% | down 0.03 pts | ₹293 Cr | down ₹44.1 Cr | Trimmed |
| KEI Industries Limited | 1.66% | down 0.19 pts | ₹293 Cr | down ₹75.5 Cr | Trimmed |
| Coforge Limited | 1.57% | up 0.29 pts | ₹277 Cr | up ₹21.5 Cr | Added |
| Shyam Metalics and Energy Limited | 1.54% | up 0.02 pts | ₹271 Cr | down ₹31.4 Cr | Trimmed |
| Delhivery Limited | 1.52% | up 0.12 pts | ₹269 Cr | down ₹10.8 Cr | Trimmed |
| Lupin Limited | 1.52% | up 0.05 pts | ₹269 Cr | down ₹23.9 Cr | Trimmed |
| Kotak Mahindra Bank Limited | 1.45% | down 0.06 pts | ₹256 Cr | down ₹44.8 Cr | Trimmed |
| BSE Limited | 1.41% | up 0.15 pts | ₹249 Cr | down ₹2.2 Cr | Trimmed |
| IndusInd Bank Limited | 1.37% | down 0.17 pts | ₹242 Cr | down ₹65.6 Cr | Trimmed |
| Tata Motors Ltd | 1.33% | up 0.04 pts | ₹235 Cr | down ₹21.8 Cr | Trimmed |
| Divi's Laboratories Limited | 1.32% | up 0.06 pts | ₹233 Cr | down ₹18.1 Cr | Trimmed |
| Prestige Estates Projects Limited | 1.27% | down 0.12 pts | ₹225 Cr | down ₹53.2 Cr | Trimmed |
| LTIMindtree Limited | 1.24% | up 0.02 pts | ₹220 Cr | down ₹24.5 Cr | Trimmed |
| ICICI Lombard General Insurance Company Limited | 1.24% | up 0.02 pts | ₹218 Cr | down ₹24.4 Cr | Trimmed |
| Hindustan Petroleum Corporation Limited | 1.21% | down 0.19 pts | ₹214 Cr | down ₹66.1 Cr | Trimmed |
| Multi Commodity Exchange of India Limited | 1.20% | up 0.11 pts | ₹213 Cr | down ₹4.8 Cr | Trimmed |
| Bank of Baroda | 1.20% | down 0.18 pts | ₹212 Cr | down ₹63.7 Cr | Trimmed |
| Varun Beverages Limited | 1.17% | down 0.05 pts | ₹207 Cr | down ₹36.2 Cr | Trimmed |
| Global Health Limited | 1.14% | down 0.06 pts | ₹202 Cr | down ₹37.4 Cr | Trimmed |
| Entero Healthcare Solutions Ltd | 1.11% | up 0.30 pts | ₹197 Cr | up ₹34 Cr | Added |
| RBL Bank Limited | 1.11% | up 0.03 pts | ₹196 Cr | down ₹20.3 Cr | Trimmed |
| Craftsman Automation Limited | 1.07% | up 0.05 pts | ₹189 Cr | down ₹14.8 Cr | Trimmed |
| Samvardhana Motherson International Limited | 1.04% | down 0.13 pts | ₹185 Cr | down ₹49.6 Cr | Trimmed |
| Tech Mahindra Limited | 0.99% | up 0.31 pts | ₹174 Cr | up ₹40.3 Cr | Added |
| Ambuja Cements Limited | 0.94% | down 0.10 pts | ₹166 Cr | down ₹40.9 Cr | Trimmed |
| Timken India Limited | 0.88% | up 0.04 pts | ₹155 Cr | down ₹11.9 Cr | Trimmed |
| Eternal Limited | 0.87% | up 0.04 pts | ₹154 Cr | down ₹11.6 Cr | Trimmed |
| UltraTech Cement Limited | 0.86% | down 0.04 pts | ₹152 Cr | down ₹27.4 Cr | Trimmed |
| SBI Life Insurance Company Limited | 0.86% | down 0.01 pts | ₹152 Cr | down ₹22.3 Cr | Trimmed |
| Voltas Limited | 0.85% | down 0.07 pts | ₹150 Cr | down ₹34 Cr | Trimmed |
| Jubilant Foodworks Limited | 0.83% | down 0.05 pts | ₹147 Cr | down ₹29.1 Cr | Trimmed |
| Cash, TREPS & receivables | 0.83% | down 0.20 pts | ₹146 Cr | down ₹59.4 Cr | Trimmed |
| Aadhar Housing Finance Limited | 0.79% | up 0.07 pts | ₹140 Cr | down ₹3.1 Cr | Trimmed |
| Kalyan Jewellers India Limited | 0.76% | up 0.03 pts | ₹135 Cr | down ₹12.2 Cr | Trimmed |
| Black Buck Ltd | 0.75% | up 0.08 pts | ₹132 Cr | down ₹1.3 Cr | Trimmed |
What changed, Feb 2026 to Mar 2026
New New positions (2)
- Bharti Airtel Limited2.7% · ₹469 Cr
- InterGlobe Aviation Limited0.7% · ₹130 Cr
Exited Exited (4)
- Bharti Airtel Limitedwas 1.9% · ₹389 Cr
- HDB Financial Services Limitedwas 0.6% · ₹125 Cr
- Whirlpool of India Limitedwas 0.3% · ₹65.8 Cr
- Suzlon Energy Limitedwas 0.1% · ₹25.1 Cr
Added Biggest additions
Sectors
Which sectors the fund is moving towards and away from, and where its money sits now. Shares are of the fund’s classified equity holdings, so they add up to 100%.
Where the weight moved
Compared with
Since Feb 2026, the weight rose most in IT - Software (+1.3 pts) and Transport Services (+1.0 pts), and fell most in Banks (−1.3 pts) and Finance (−1.0 pts).
- IT - Software8.1% → 9.4%+1.3 pts
- Transport Services2.1% → 3.1%+1.0 pts
- Telecom - Services2.0% → 2.7%+0.7 pts
- Retailing6.2% → 6.5%+0.3 pts
- Pharmaceuticals & Biotechnology6.7% → 7.0%+0.3 pts
- Capital Markets2.4% → 2.7%+0.3 pts
- Banks24.2% → 22.9%−1.3 pts
- Finance4.8% → 3.9%−1.0 pts
- Consumer Durables3.2% → 2.8%−0.4 pts
- Construction4.5% → 4.2%−0.3 pts
- Chemicals & Petrochemicals0.3% → 0.2%−0.2 pts
- Cement & Cement Products2.0% → 1.9%−0.1 pts
A sector’s weight changes when the fund buys or sells, and also when its shares rise or fall in price, so a change is not by itself a sign of buying or selling.
Main sectors’ weights over time
| Sector | Feb 2026 | Mar 2026 |
|---|---|---|
| Banks | 24.2% | 22.9% |
| IT - Software | 8.1% | 9.4% |
| Pharmaceuticals & Biotechnology | 6.7% | 7.0% |
| Retailing | 6.2% | 6.5% |
| Automobiles | 5.7% | 5.6% |
| Petroleum Products | 5.0% | 5.1% |
| Construction | 4.5% | 4.2% |
| Industrial Products | 4.3% | 4.2% |
| Finance | 4.8% | 3.9% |
| Healthcare Services | 3.6% | 3.4% |
Allocation in Mar 2026change vs Feb 2026
- Banks (8)22.9%▼ 1.3 pts
- IT - Software (6)9.4%▲ 1.3 pts
- Pharmaceuticals & Biotechnology (7)7.0%
Cash and debt
The share of the portfolio not in shares: cash and net receivables, money-market instruments and bonds, as disclosed each month. Cash can dip below zero when payables, often on derivative positions, exceed it. A change here describes what the fund did; it is not a signal. More on reading cash.
Cash & debt, Mar 2026
0.8%
▼ 0.2 pts vs Feb 2026
- Cash alone
- 0.8%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 0.6% – 1.0%
- lowest to highest · record 1.0% in Feb 2026
History
Disclosed portfolio value by month, with the stocks the fund entered and exited against its previous disclosure. Every month is a link to that portfolio.