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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
₹19,517 Cr
up ₹112 Cr vs Apr 2026
- Stocks held
- 69
- down 1 vs Apr 2026
- Top 10 weight
- 34.4%
- of the portfolio in its ten largest
- Cash & debt
- 1.4%
- cash, money market and debt
- Moves this month
- 1 in · 2 out
- added to 10, trimmed 25
Invesco India Contra Fund is an active equity fund in the Value / Contra category from Invesco Mutual Fund. In May 2026 it disclosed 69 stocks worth ₹19,517 Cr, up ₹112 Cr from Apr 2026. Its largest positions were ICICI Bank Limited (5.9%), Larsen & Toubro Limited (5.3%), Axis Bank Limited (3.8%); the ten largest together made up 34.4% of the portfolio, and Banks was the biggest sector at 20.2% of its equity. Cash and debt stood at 1.4%. Compared with Apr 2026 the fund entered 1 new stock and exited 2.
Against 26 other Value / Contra funds
Concentration
42%
Top-10 weight is higher than 42% of peers
Breadth
69%
Holds more stocks than 69% of peers
Cash
15%
Holds more cash than 15% of peers
What these mean: concentration · cash
Holdings in May 2026
Download CSVEvery line the fund disclosed, with the change against Apr 2026. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| ICICI Bank Limited | 5.90% | up 0.86 pts | ₹1,152 Cr | up ₹173 Cr | Added |
| Larsen & Toubro Limited | 5.30% | up 0.05 pts | ₹1,034 Cr | up ₹15.8 Cr | Added |
| Axis Bank Limited | 3.81% | up 0.03 pts | ₹744 Cr | up ₹10.6 Cr | Added |
| Mahindra & Mahindra Limited | 3.47% | down 0.08 pts | ₹677 Cr | down ₹11.5 Cr | Trimmed |
| Reliance Industries Limited | 3.30% | down 0.29 pts | ₹645 Cr | down ₹53.5 Cr | Trimmed |
| Infosys Limited | 3.15% | down 0.08 pts | ₹614 Cr | down ₹11.1 Cr | Trimmed |
| State Bank of India | 2.52% | up 2.52 pts | ₹491 Cr | up ₹491 Cr | New |
| Bharti Airtel Limited | 2.46% | down 0.09 pts | ₹481 Cr | down ₹15.2 Cr | Trimmed |
| Cholamandalam Investment and Finance Company Limited | 2.29% | down 0.05 pts | ₹448 Cr | down ₹7.3 Cr | Trimmed |
| Apollo Hospitals Enterprise Limited | 2.16% | up 0.13 pts | ₹421 Cr | up ₹27.8 Cr | Added |
| Coforge Limited | 2.01% | up 0.31 pts | ₹392 Cr | up ₹62.3 Cr | Added |
| The Federal Bank Limited | 2.00% | up <0.01 pts | ₹391 Cr | up ₹2.7 Cr | Added |
| Glenmark Pharmaceuticals Limited | 1.98% | down 0.13 pts | ₹387 Cr | down ₹22.4 Cr | Trimmed |
| BSE Limited | 1.97% | up 0.23 pts | ₹384 Cr | up ₹46.9 Cr | Added |
| KEI Industries Limited | 1.96% | up 0.14 pts | ₹382 Cr | up ₹29.7 Cr | Added |
| Bharat Electronics Limited | 1.85% | down 0.10 pts | ₹362 Cr | down ₹18.1 Cr | Trimmed |
| FSN E-Commerce Ventures Limited | 1.78% | down 0.03 pts | ₹347 Cr | down ₹3.3 Cr | Trimmed |
| Shyam Metalics and Energy Limited | 1.75% | up 0.17 pts | ₹342 Cr | up ₹35 Cr | Added |
| Prestige Estates Projects Limited | 1.71% | up 0.14 pts | ₹333 Cr | up ₹29.7 Cr | Added |
| Delhivery Limited | 1.55% | down 0.06 pts | ₹302 Cr | down ₹9.8 Cr | Trimmed |
| IndusInd Bank Limited | 1.50% | down 0.01 pts | ₹294 Cr | down ₹55 L | Held |
| TVS Motor Company Limited | 1.50% | down 0.07 pts | ₹292 Cr | down ₹12 Cr | Trimmed |
| Varun Beverages Limited | 1.46% | up 0.03 pts | ₹284 Cr | up ₹7.7 Cr | Added |
| Kotak Mahindra Bank Limited | 1.43% | down <0.01 pts | ₹279 Cr | up ₹65 L | Held |
| Cash, TREPS & receivables | 1.36% | up 0.65 pts | ₹265 Cr | up ₹128 Cr | Added |
| Tata Motors Ltd | 1.35% | down 0.12 pts | ₹264 Cr | down ₹21.2 Cr | Trimmed |
| Lupin Limited | 1.35% | down 0.03 pts | ₹263 Cr | down ₹4.4 Cr | Trimmed |
| Divi's Laboratories Limited | 1.34% | up 0.03 pts | ₹261 Cr | up ₹6.4 Cr | Added |
| Samvardhana Motherson International Limited | 1.31% | up 0.21 pts | ₹256 Cr | up ₹43.1 Cr | Added |
| Hindustan Petroleum Corporation Limited | 1.29% | up 0.06 pts | ₹252 Cr | up ₹12.3 Cr | Added |
| Bank of Baroda | 1.28% | up 0.02 pts | ₹250 Cr | up ₹4.7 Cr | Added |
| Global Health Limited | 1.28% | up 0.07 pts | ₹250 Cr | up ₹15.1 Cr | Added |
| Multi Commodity Exchange of India Limited | 1.24% | down 0.01 pts | ₹242 Cr | down ₹1.4 Cr | Trimmed |
| RBL Bank Limited | 1.20% | up 0.02 pts | ₹233 Cr | up ₹5.7 Cr | Added |
| Craftsman Automation Limited | 1.16% | up 0.09 pts | ₹226 Cr | up ₹18.7 Cr | Added |
| LTIMindtree Limited | 1.14% | down 0.07 pts | ₹222 Cr | down ₹11.4 Cr | Trimmed |
| Meesho Ltd | 1.10% | up 0.17 pts | ₹215 Cr | up ₹33.7 Cr | Added |
| ICICI Lombard General Insurance Company Limited | 1.08% | up 0.01 pts | ₹211 Cr | up ₹3.4 Cr | Added |
| Tech Mahindra Limited | 1.03% | up <0.01 pts | ₹201 Cr | up ₹1.4 Cr | Added |
| UltraTech Cement Limited | 1.00% | down 0.01 pts | ₹196 Cr | down ₹1.8 Cr | Trimmed |
| Aditya Birla Sun Life AMC Limited | 1.00% | up 0.12 pts | ₹194 Cr | up ₹23.7 Cr | Added |
| InterGlobe Aviation Limited | 0.99% | up 0.02 pts | ₹193 Cr | up ₹4.8 Cr | Added |
| Swiggy Limited | 0.99% | down 0.27 pts | ₹193 Cr | down ₹51.6 Cr | Trimmed |
| Entero Healthcare Solutions Ltd | 0.97% | down 0.02 pts | ₹189 Cr | down ₹3.2 Cr | Trimmed |
| Ambuja Cements Limited | 0.95% | up <0.01 pts | ₹185 Cr | up ₹1.5 Cr | Added |
| Timken India Limited | 0.89% | up 0.04 pts | ₹174 Cr | up ₹9.7 Cr | Added |
| Honeywell Automation India Limited | 0.89% | up 0.11 pts | ₹174 Cr | up ₹22 Cr | Added |
| Suven Pharmaceuticals Limited | 0.89% | down 0.11 pts | ₹173 Cr | down ₹20.8 Cr | Trimmed |
| Hindalco Industries Limited | 0.86% | up 0.06 pts | ₹168 Cr | up ₹13.2 Cr | Added |
| Jubilant Foodworks Limited | 0.83% | down 0.01 pts | ₹162 Cr | down ₹59 L | Held |
What changed, Apr 2026 to May 2026
New New positions (1)
- State Bank of India2.5% · ₹491 Cr
Exited Exited (2)
- HDFC Bank Limitedwas 3.7% · ₹709 Cr
- Eternal Limitedwas 0.9% · ₹166 Cr
Added Biggest additions
- ICICI Bank Limitedup ₹173 Cr (+0.86% pts)
- Coforge Limitedup ₹62.3 Cr (+0.31% pts)
- KNR Constructions Limitedup ₹61 Cr (+0.31% pts)
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 Apr 2026, the weight rose most in Construction (+0.4 pts) and Industrial Products (+0.4 pts), and fell most in Retailing (−1.0 pts) and Consumer Durables (−0.3 pts).
- Construction6.0% → 6.4%+0.4 pts
- Industrial Products4.3% → 4.7%+0.4 pts
- Capital Markets4.0% → 4.3%+0.4 pts
- Auto Components2.2% → 2.5%+0.3 pts
- IT - Software8.5% → 8.7%+0.2 pts
- Healthcare Services3.3% → 3.5%+0.2 pts
- Retailing6.9% → 5.9%−1.0 pts
- Consumer Durables2.1% → 1.7%−0.3 pts
- Petroleum Products4.9% → 4.7%−0.2 pts
- Automobiles5.2% → 5.1%−0.1 pts
- Agricultural, Commercial & Construction Vehicles1.5% → 1.4%−0.1 pts
- Banks20.3% → 20.2%−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 | Apr 2026 | May 2026 |
|---|---|---|---|
| Banks | 24.2% | 20.3% | 20.2% |
| IT - Software | 8.1% | 8.5% | 8.7% |
| Pharmaceuticals & Biotechnology | 6.7% | 7.3% | 7.3% |
| Construction | 4.5% | 6.0% | 6.4% |
| Retailing | 6.2% | 6.9% | 5.9% |
| Automobiles | 5.7% | 5.2% | 5.1% |
| Industrial Products | 4.3% | 4.3% | 4.7% |
| Petroleum Products | 5.0% | 4.9% | 4.7% |
| Capital Markets | 2.4% | 4.0% | 4.3% |
| Finance | 4.8% | 3.9% | 3.9% |
Allocation in May 2026change vs Apr 2026
- Banks (8)20.2%▼ 0.1 pts
- IT - Software (7)8.7%▲ 0.2 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, May 2026
1.4%
▲ 0.7 pts vs Apr 2026
- Cash alone
- 1.4%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 0.6% – 1.4%
- lowest to highest · record 1.4% in May 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.