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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
₹19,406 Cr
up ₹1,742 Cr vs Mar 2026
- Stocks held
- 70
- up 2 vs Mar 2026
- Top 10 weight
- 35.1%
- of the portfolio in its ten largest
- Cash & debt
- 0.7%
- cash, money market and debt
- Moves this month
- 4 in · 2 out
- added to 10, trimmed 8
Invesco India Contra Fund is an active equity fund in the Value / Contra category from Invesco Mutual Fund. In April 2026 it disclosed 70 stocks worth ₹19,406 Cr, up ₹1,742 Cr from Mar 2026. Its largest positions were Larsen & Toubro Limited (5.2%), ICICI Bank Limited (5.0%), Axis Bank Limited (3.8%); the ten largest together made up 35.1% of the portfolio, and Banks was the biggest sector at 20.3% of its equity. Cash and debt stood at 0.7%. Compared with Mar 2026 the fund entered 4 new stocks and exited 2.
Against 26 other Value / Contra funds
Concentration
42%
Top-10 weight is higher than 42% of peers
Breadth
77%
Holds more stocks than 77% of peers
Cash
8%
Holds more cash than 8% of peers
What these mean: concentration · cash
Holdings in April 2026
Download CSVEvery line the fund disclosed, with the change against Mar 2026. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| Larsen & Toubro Limited | 5.24% | up 1.47 pts | ₹1,018 Cr | up ₹352 Cr | Added |
| ICICI Bank Limited | 5.04% | down 0.04 pts | ₹979 Cr | up ₹80.9 Cr | Added |
| Axis Bank Limited | 3.78% | up 0.36 pts | ₹734 Cr | up ₹130 Cr | Added |
| HDFC Bank Limited | 3.65% | down 2.92 pts | ₹709 Cr | down ₹452 Cr | Trimmed |
| Reliance Industries Limited | 3.60% | down 0.11 pts | ₹698 Cr | up ₹42.4 Cr | Added |
| Mahindra & Mahindra Limited | 3.55% | down 0.17 pts | ₹688 Cr | up ₹31.7 Cr | Added |
| Infosys Limited | 3.22% | down 1.10 pts | ₹625 Cr | down ₹139 Cr | Trimmed |
| Bharti Airtel Limited | 2.56% | down 0.10 pts | ₹496 Cr | up ₹27.4 Cr | Added |
| Cholamandalam Investment and Finance Company Limited | 2.35% | up 0.11 pts | ₹455 Cr | up ₹60.6 Cr | Added |
| Glenmark Pharmaceuticals Limited | 2.11% | up 0.06 pts | ₹410 Cr | up ₹46.7 Cr | Added |
| Apollo Hospitals Enterprise Limited | 2.02% | down 0.14 pts | ₹393 Cr | up ₹11.2 Cr | Added |
| The Federal Bank Limited | 2.00% | up 0.01 pts | ₹388 Cr | up ₹37.2 Cr | Added |
| Bharat Electronics Limited | 1.96% | down 0.04 pts | ₹380 Cr | up ₹27 Cr | Added |
| KEI Industries Limited | 1.81% | up 0.16 pts | ₹352 Cr | up ₹59.4 Cr | Added |
| FSN E-Commerce Ventures Limited | 1.80% | up 0.04 pts | ₹350 Cr | up ₹39.3 Cr | Added |
| BSE Limited | 1.74% | up 0.33 pts | ₹337 Cr | up ₹88.7 Cr | Added |
| Coforge Limited | 1.70% | up 0.13 pts | ₹330 Cr | up ₹53.3 Cr | Added |
| Delhivery Limited | 1.61% | up 0.09 pts | ₹312 Cr | up ₹43.6 Cr | Added |
| Shyam Metalics and Energy Limited | 1.58% | up 0.05 pts | ₹307 Cr | up ₹36.1 Cr | Added |
| TVS Motor Company Limited | 1.57% | down 0.09 pts | ₹304 Cr | up ₹11.3 Cr | Added |
| Prestige Estates Projects Limited | 1.56% | up 0.29 pts | ₹304 Cr | up ₹78.8 Cr | Added |
| IndusInd Bank Limited | 1.52% | up 0.15 pts | ₹294 Cr | up ₹52.5 Cr | Added |
| Tata Motors Ltd | 1.47% | up 0.14 pts | ₹285 Cr | up ₹50.6 Cr | Added |
| Kotak Mahindra Bank Limited | 1.43% | down 0.02 pts | ₹278 Cr | up ₹21.7 Cr | Added |
| Varun Beverages Limited | 1.43% | up 0.25 pts | ₹277 Cr | up ₹69.8 Cr | Added |
| Lupin Limited | 1.38% | down 0.14 pts | ₹268 Cr | down ₹1 Cr | Held |
| Divi's Laboratories Limited | 1.31% | down 0.01 pts | ₹255 Cr | up ₹21.8 Cr | Added |
| Bank of Baroda | 1.26% | up 0.06 pts | ₹245 Cr | up ₹33.4 Cr | Added |
| Swiggy Limited | 1.26% | down 0.48 pts | ₹244 Cr | down ₹63.3 Cr | Trimmed |
| Multi Commodity Exchange of India Limited | 1.25% | up 0.05 pts | ₹243 Cr | up ₹30.4 Cr | Added |
| Hindustan Petroleum Corporation Limited | 1.23% | up 0.02 pts | ₹239 Cr | up ₹25 Cr | Added |
| Global Health Limited | 1.21% | up 0.07 pts | ₹235 Cr | up ₹32.8 Cr | Added |
| LTIMindtree Limited | 1.21% | down 0.04 pts | ₹234 Cr | up ₹14 Cr | Added |
| RBL Bank Limited | 1.17% | up 0.06 pts | ₹228 Cr | up ₹31.6 Cr | Added |
| Samvardhana Motherson International Limited | 1.10% | up 0.05 pts | ₹213 Cr | up ₹28.3 Cr | Added |
| Craftsman Automation Limited | 1.07% | up <0.01 pts | ₹208 Cr | up ₹19.2 Cr | Added |
| ICICI Lombard General Insurance Company Limited | 1.07% | down 0.17 pts | ₹207 Cr | down ₹10.9 Cr | Trimmed |
| Tech Mahindra Limited | 1.03% | up 0.05 pts | ₹200 Cr | up ₹25.9 Cr | Added |
| UltraTech Cement Limited | 1.02% | up 0.16 pts | ₹197 Cr | up ₹45.1 Cr | Added |
| Suven Pharmaceuticals Limited | 1.00% | up 0.39 pts | ₹194 Cr | up ₹85.5 Cr | Added |
| Entero Healthcare Solutions Ltd | 0.99% | down 0.13 pts | ₹192 Cr | down ₹5 Cr | Trimmed |
| InterGlobe Aviation Limited | 0.97% | up 0.24 pts | ₹188 Cr | up ₹58.4 Cr | Added |
| Ambuja Cements Limited | 0.94% | up 0.01 pts | ₹183 Cr | up ₹17.7 Cr | Added |
| Meesho Ltd | 0.93% | up 0.93 pts | ₹181 Cr | up ₹181 Cr | New |
| Aditya Birla Sun Life AMC Limited | 0.88% | up 0.88 pts | ₹171 Cr | up ₹171 Cr | New |
| Voltas Limited | 0.87% | up 0.02 pts | ₹168 Cr | up ₹18.6 Cr | Added |
| Eternal Limited | 0.85% | down 0.02 pts | ₹166 Cr | up ₹12.1 Cr | Added |
| Century Textiles & Industries Limited | 0.85% | up 0.19 pts | ₹165 Cr | up ₹48.6 Cr | Added |
| Timken India Limited | 0.85% | down 0.03 pts | ₹165 Cr | up ₹9.8 Cr | Added |
| Jubilant Foodworks Limited | 0.84% | up <0.01 pts | ₹163 Cr | up ₹15.1 Cr | Added |
What changed, Mar 2026 to Apr 2026
New New positions (4)
- Meesho Ltd0.9% · ₹181 Cr
- Aditya Birla Sun Life AMC Limited0.9% · ₹171 Cr
- KNR Constructions Limited0.2% · ₹37.7 Cr
- Hexaware Technologies Limited0.1% · ₹11.7 Cr
Exited Exited (2)
- Asian Paints Limitedwas 0.7% · ₹118 Cr
- Deepak Nitrite Limitedwas 0.1% · ₹25.7 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 Mar 2026, the weight rose most in Construction (+1.7 pts) and Capital Markets (+1.3 pts), and fell most in Banks (−2.6 pts) and IT - Software (−1.0 pts).
- Construction4.2% → 6.0%+1.7 pts
- Capital Markets2.7% → 4.0%+1.3 pts
- Retailing6.5% → 6.9%+0.3 pts
- Realty1.3% → 1.6%+0.3 pts
- Beverages1.2% → 1.5%+0.3 pts
- Industrial Manufacturing1.3% → 1.6%+0.3 pts
- Banks22.9% → 20.3%−2.6 pts
- IT - Software9.4% → 8.5%−1.0 pts
- Consumer Durables2.8% → 2.1%−0.7 pts
- Automobiles5.6% → 5.2%−0.3 pts
- Insurance2.2% → 1.9%−0.2 pts
- Chemicals & Petrochemicals0.2% → 0.0%exited−0.2 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 | Jan 2026 | Mar 2026 | Apr 2026 |
|---|---|---|---|
| Banks | 24.2% | 22.9% | 20.3% |
| IT - Software | 10.2% | 9.4% | 8.5% |
| Pharmaceuticals & Biotechnology | 6.5% | 7.0% | 7.3% |
| Retailing | 6.6% | 6.5% | 6.9% |
| Construction | 4.2% | 4.2% | 6.0% |
| Automobiles | 5.6% | 5.6% | 5.2% |
| Petroleum Products | 4.9% | 5.1% | 4.9% |
| Industrial Products | 3.8% | 4.2% | 4.3% |
| Capital Markets | 2.7% | 2.7% | 4.0% |
| Finance | 4.7% | 3.9% | 3.9% |
Allocation in Apr 2026change vs Mar 2026
- Banks (8)20.3%▼ 2.6 pts
- IT - Software (7)8.5%▼ 1.0 pts
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, Apr 2026
0.7%
▼ 0.1 pts vs Mar 2026
- Cash alone
- 0.7%
- 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.