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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
₹19,996 Cr
up ₹478 Cr vs May 2026
- Stocks held
- 66
- down 3 vs May 2026
- Top 10 weight
- 34.9%
- of the portfolio in its ten largest
- Cash & debt
- 1.1%
- cash, money market and debt
- Moves this month
- 1 in · 4 out
- added to 10, trimmed 20
Invesco India Contra Fund is an active equity fund in the Value / Contra category from Invesco Mutual Fund. In June 2026 it disclosed 66 stocks worth ₹19,996 Cr, up ₹478 Cr from May 2026. Its largest positions were ICICI Bank Limited (6.3%), Larsen & Toubro Limited (5.3%), Axis Bank Limited (3.9%); the ten largest together made up 34.9% of the portfolio, and Banks was the biggest sector at 21.0% of its equity. Cash and debt stood at 1.1%. Compared with May 2026 the fund entered 1 new stock and exited 4.
Against 26 other Value / Contra funds
Concentration
42%
Top-10 weight is higher than 42% of peers
Breadth
58%
Holds more stocks than 58% of peers
Cash
15%
Holds more cash than 15% of peers
What these mean: concentration · cash
Holdings in June 2026
Download CSVEvery line the fund disclosed, with the change against May 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 | 6.30% | up 0.40 pts | ₹1,261 Cr | up ₹109 Cr | Added |
| Larsen & Toubro Limited | 5.25% | down 0.04 pts | ₹1,050 Cr | up ₹17 Cr | Added |
| Axis Bank Limited | 3.89% | up 0.08 pts | ₹779 Cr | up ₹34.2 Cr | Added |
| Mahindra & Mahindra Limited | 3.41% | down 0.06 pts | ₹682 Cr | up ₹5.2 Cr | Added |
| Reliance Industries Limited | 3.16% | down 0.15 pts | ₹631 Cr | down ₹13.3 Cr | Trimmed |
| Infosys Limited | 3.04% | down 0.11 pts | ₹607 Cr | down ₹7.4 Cr | Trimmed |
| State Bank of India | 2.62% | up 0.10 pts | ₹523 Cr | up ₹31.8 Cr | Added |
| Cholamandalam Investment and Finance Company Limited | 2.61% | up 0.31 pts | ₹521 Cr | up ₹73.4 Cr | Added |
| Bharti Airtel Limited | 2.43% | down 0.03 pts | ₹487 Cr | up ₹6 Cr | Added |
| Apollo Hospitals Enterprise Limited | 2.23% | up 0.08 pts | ₹447 Cr | up ₹26 Cr | Added |
| The Federal Bank Limited | 2.23% | up 0.23 pts | ₹446 Cr | up ₹55.6 Cr | Added |
| FSN E-Commerce Ventures Limited | 2.06% | up 0.28 pts | ₹411 Cr | up ₹64.2 Cr | Added |
| Coforge Limited | 2.02% | up 0.01 pts | ₹404 Cr | up ₹12.1 Cr | Added |
| KEI Industries Limited | 1.97% | up 0.01 pts | ₹393 Cr | up ₹11.6 Cr | Added |
| Prestige Estates Projects Limited | 1.91% | up 0.20 pts | ₹381 Cr | up ₹47.6 Cr | Added |
| Glenmark Pharmaceuticals Limited | 1.88% | down 0.11 pts | ₹375 Cr | down ₹12 Cr | Trimmed |
| Bharat Electronics Limited | 1.81% | down 0.04 pts | ₹363 Cr | up ₹92 L | Held |
| BSE Limited | 1.79% | down 0.18 pts | ₹358 Cr | down ₹26 Cr | Trimmed |
| Tata Motors Ltd | 1.76% | up 0.41 pts | ₹353 Cr | up ₹88.3 Cr | Added |
| Shyam Metalics and Energy Limited | 1.67% | down 0.08 pts | ₹334 Cr | down ₹8.2 Cr | Trimmed |
| Delhivery Limited | 1.58% | up 0.03 pts | ₹316 Cr | up ₹13.2 Cr | Added |
| TVS Motor Company Limited | 1.51% | up 0.01 pts | ₹302 Cr | up ₹9.1 Cr | Added |
| IndusInd Bank Limited | 1.48% | down 0.02 pts | ₹297 Cr | up ₹3.2 Cr | Added |
| Kotak Mahindra Bank Limited | 1.42% | down <0.01 pts | ₹285 Cr | up ₹5.8 Cr | Added |
| Meesho Ltd | 1.42% | up 0.32 pts | ₹284 Cr | up ₹69 Cr | Added |
| Lupin Limited | 1.40% | up 0.06 pts | ₹281 Cr | up ₹17.6 Cr | Added |
| InterGlobe Aviation Limited | 1.39% | up 0.40 pts | ₹278 Cr | up ₹85.4 Cr | Added |
| Global Health Limited | 1.38% | up 0.10 pts | ₹276 Cr | up ₹26.2 Cr | Added |
| Samvardhana Motherson International Limited | 1.37% | up 0.06 pts | ₹274 Cr | up ₹17.9 Cr | Added |
| Varun Beverages Limited | 1.37% | down 0.09 pts | ₹273 Cr | down ₹11 Cr | Trimmed |
| Divi's Laboratories Limited | 1.29% | down 0.05 pts | ₹258 Cr | down ₹3.4 Cr | Trimmed |
| Bank of Baroda | 1.27% | down 0.01 pts | ₹254 Cr | up ₹3.6 Cr | Added |
| Hindustan Petroleum Corporation Limited | 1.26% | down 0.03 pts | ₹252 Cr | up ₹38 L | Held |
| RBL Bank Limited | 1.25% | up 0.05 pts | ₹250 Cr | up ₹16.3 Cr | Added |
| Tech Mahindra Limited | 1.20% | up 0.17 pts | ₹241 Cr | up ₹39.5 Cr | Added |
| Craftsman Automation Limited | 1.18% | up 0.02 pts | ₹236 Cr | up ₹9.6 Cr | Added |
| Multi Commodity Exchange of India Limited | 1.16% | down 0.08 pts | ₹232 Cr | down ₹9.6 Cr | Trimmed |
| Cash, TREPS & receivables | 1.07% | down 0.29 pts | ₹213 Cr | down ₹51.4 Cr | Trimmed |
| Aditya Birla Sun Life AMC Limited | 1.06% | up 0.06 pts | ₹211 Cr | up ₹16.6 Cr | Added |
| ICICI Lombard General Insurance Company Limited | 1.02% | down 0.06 pts | ₹205 Cr | down ₹5.9 Cr | Trimmed |
| Honeywell Automation India Limited | 0.97% | up 0.08 pts | ₹195 Cr | up ₹20.6 Cr | Added |
| UltraTech Cement Limited | 0.96% | down 0.04 pts | ₹192 Cr | down ₹3.9 Cr | Trimmed |
| Entero Healthcare Solutions Ltd | 0.94% | down 0.03 pts | ₹188 Cr | down ₹91 L | Held |
| Suven Pharmaceuticals Limited | 0.92% | up 0.03 pts | ₹183 Cr | up ₹9.9 Cr | Added |
| Ambuja Cements Limited | 0.87% | down 0.08 pts | ₹174 Cr | down ₹10.7 Cr | Trimmed |
| Timken India Limited | 0.84% | down 0.06 pts | ₹167 Cr | down ₹6.9 Cr | Trimmed |
| Aadhar Housing Finance Limited | 0.80% | up 0.04 pts | ₹161 Cr | up ₹12 Cr | Added |
| Jubilant Foodworks Limited | 0.79% | down 0.04 pts | ₹158 Cr | down ₹3.7 Cr | Trimmed |
| Century Textiles & Industries Limited | 0.79% | up 0.03 pts | ₹158 Cr | up ₹9.5 Cr | Added |
| Jyoti CNC Automation Ltd | 0.78% | up 0.17 pts | ₹156 Cr | up ₹35.9 Cr | Added |
What changed, May 2026 to Jun 2026
New New positions (1)
- Oil & Natural Gas Corporation Limited0.3% · ₹58 Cr
Exited Exited (4)
- LTIMindtree Limitedwas 1.1% · ₹222 Cr
- Crompton Greaves Consumer Electricals Limitedwas 0.5% · ₹94.4 Cr
- Kalyan Jewellers India Limitedwas 0.4% · ₹84.7 Cr
- Hexaware Technologies Limitedwas 0.1% · ₹13.3 Cr
Added Biggest additions
- ICICI Bank Limitedup ₹109 Cr (+0.40% 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 May 2026, the weight rose most in Banks (+0.8 pts) and Transport Services (+0.4 pts), and fell most in IT - Software (−1.2 pts) and Consumer Durables (−0.9 pts).
- Banks20.2% → 21.0%+0.8 pts
- Transport Services3.2% → 3.7%+0.4 pts
- Agricultural, Commercial & Construction Vehicles1.4% → 1.8%+0.4 pts
- Finance3.9% → 4.3%+0.4 pts
- Oil0.0% → 0.3%new+0.3 pts
- Industrial Manufacturing1.5% → 1.8%+0.3 pts
- IT - Software8.7% → 7.5%−1.2 pts
- Consumer Durables1.7% → 0.8%−0.9 pts
- Capital Markets4.3% → 4.1%−0.2 pts
- Petroleum Products4.7% → 4.5%−0.2 pts
- Non - Ferrous Metals0.9% → 0.7%−0.2 pts
- Industrial Products4.7% → 4.6%−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 | Mar 2026 | May 2026 | Jun 2026 |
|---|---|---|---|
| Banks | 22.9% | 20.2% | 21.0% |
| Pharmaceuticals & Biotechnology | 7.0% | 7.3% | 7.5% |
| IT - Software | 9.4% | 8.7% | 7.5% |
| Construction | 4.2% | 6.4% | 6.4% |
| Retailing | 6.5% | 5.9% | 6.1% |
| Automobiles | 5.6% | 5.1% | 5.1% |
| Industrial Products | 4.2% | 4.7% | 4.6% |
| Petroleum Products | 5.1% | 4.7% | 4.5% |
| Finance | 3.9% | 3.9% | 4.3% |
| Capital Markets | 2.7% | 4.3% | 4.1% |
Allocation in Jun 2026change vs May 2026
- Banks (8)21.0%▲ 0.8 pts
- Pharmaceuticals & Biotechnology (7)7.5%▲ 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, Jun 2026
1.1%
▼ 0.3 pts vs May 2026
- Cash alone
- 1.1%
- 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.