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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
₹20,100 Cr
up ₹105 Cr vs Jun 2026
- Stocks held
- 68
- up 2 vs Jun 2026
- Top 10 weight
- 32.8%
- of the portfolio in its ten largest
- Cash & debt
- 0.5%
- cash, money market and debt
- Moves this month
- 4 in · 2 out
- added to 10, trimmed 26
Invesco India Contra Fund is an active equity fund in the Value / Contra category from Invesco Mutual Fund. In July 2026 it disclosed 68 stocks worth ₹20,100 Cr, up ₹105 Cr from Jun 2026. Its largest positions were ICICI Bank Limited (6.4%), Larsen & Toubro Limited (4.9%), Mahindra & Mahindra Limited (3.6%); the ten largest together made up 32.8% of the portfolio, and Banks was the biggest sector at 20.3% of its equity. Cash and debt stood at 0.5%. Compared with Jun 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
62%
Holds more stocks than 62% of peers
Cash
0%
Holds more cash than 0% of peers
What these mean: concentration · cash
Holdings in July 2026
Download CSVEvery line the fund disclosed, with the change against Jun 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 | 6.43% | up 0.13 pts | ₹1,293 Cr | up ₹32.6 Cr | Added |
| Larsen & Toubro Limited | 4.86% | down 0.40 pts | ₹976 Cr | down ₹74.5 Cr | Trimmed |
| Mahindra & Mahindra Limited | 3.56% | up 0.15 pts | ₹715 Cr | up ₹33 Cr | Added |
| State Bank of India | 2.91% | up 0.29 pts | ₹585 Cr | up ₹61.8 Cr | Added |
| Cholamandalam Investment and Finance Company Limited | 2.68% | up 0.07 pts | ₹539 Cr | up ₹17.5 Cr | Added |
| Infosys Limited | 2.62% | down 0.42 pts | ₹526 Cr | down ₹81 Cr | Trimmed |
| Bharti Airtel Limited | 2.58% | up 0.14 pts | ₹518 Cr | up ₹31.5 Cr | Added |
| Axis Bank Limited | 2.51% | down 1.38 pts | ₹505 Cr | down ₹274 Cr | Trimmed |
| Coforge Limited | 2.36% | up 0.34 pts | ₹475 Cr | up ₹70.4 Cr | Added |
| The Federal Bank Limited | 2.30% | up 0.07 pts | ₹463 Cr | up ₹17 Cr | Added |
| Apollo Hospitals Enterprise Limited | 2.16% | down 0.07 pts | ₹434 Cr | down ₹12.5 Cr | Trimmed |
| IndusInd Bank Limited | 2.00% | up 0.52 pts | ₹403 Cr | up ₹106 Cr | Added |
| Reliance Industries Limited | 2.00% | down 1.16 pts | ₹401 Cr | down ₹230 Cr | Trimmed |
| Prestige Estates Projects Limited | 1.95% | up 0.05 pts | ₹393 Cr | up ₹11.7 Cr | Added |
| Glenmark Pharmaceuticals Limited | 1.89% | up 0.02 pts | ₹380 Cr | up ₹5 Cr | Added |
| Tata Motors Ltd | 1.81% | up 0.05 pts | ₹364 Cr | up ₹11.5 Cr | Added |
| TVS Motor Company Limited | 1.76% | up 0.25 pts | ₹354 Cr | up ₹52.6 Cr | Added |
| FSN E-Commerce Ventures Limited | 1.76% | down 0.30 pts | ₹353 Cr | down ₹58.2 Cr | Trimmed |
| Delhivery Limited | 1.74% | up 0.16 pts | ₹349 Cr | up ₹33.7 Cr | Added |
| Shyam Metalics and Energy Limited | 1.67% | down <0.01 pts | ₹336 Cr | up ₹1.5 Cr | Held |
| Bharat Electronics Limited | 1.65% | down 0.16 pts | ₹332 Cr | down ₹30.5 Cr | Trimmed |
| KEI Industries Limited | 1.63% | down 0.34 pts | ₹327 Cr | down ₹66.5 Cr | Trimmed |
| BSE Limited | 1.55% | down 0.24 pts | ₹311 Cr | down ₹46.8 Cr | Trimmed |
| Tech Mahindra Limited | 1.50% | up 0.30 pts | ₹302 Cr | up ₹60.9 Cr | Added |
| Global Health Limited | 1.47% | up 0.09 pts | ₹295 Cr | up ₹19.3 Cr | Added |
| Lupin Limited | 1.39% | down 0.01 pts | ₹280 Cr | down ₹46 L | Held |
| Samvardhana Motherson International Limited | 1.39% | up 0.02 pts | ₹279 Cr | up ₹4.9 Cr | Added |
| Divi's Laboratories Limited | 1.37% | up 0.08 pts | ₹275 Cr | up ₹17.4 Cr | Added |
| Meesho Ltd | 1.34% | down 0.08 pts | ₹269 Cr | down ₹15.1 Cr | Trimmed |
| Tata Consultancy Services Limited | 1.31% | up 1.31 pts | ₹263 Cr | up ₹263 Cr | New |
| Kotak Mahindra Bank Limited | 1.28% | down 0.14 pts | ₹258 Cr | down ₹26.8 Cr | Trimmed |
| RBL Bank Limited | 1.26% | up 0.02 pts | ₹254 Cr | up ₹4.4 Cr | Added |
| Shriram Transport Finance Company Limited Shriram Finance Limited · history in this fund | 1.25% | up 0.49 pts | ₹252 Cr | up ₹99 Cr | Added |
| Craftsman Automation Limited | 1.23% | up 0.05 pts | ₹246 Cr | up ₹10.3 Cr | Added |
| Varun Beverages Limited | 1.19% | down 0.18 pts | ₹238 Cr | down ₹35.1 Cr | Trimmed |
| Adani Enterprises Limited | 1.18% | up 1.18 pts | ₹238 Cr | up ₹238 Cr | New |
| Bank of Baroda | 1.12% | down 0.14 pts | ₹226 Cr | down ₹27.8 Cr | Trimmed |
| Swiggy Limited | 1.12% | up 0.54 pts | ₹226 Cr | up ₹110 Cr | Added |
| Multi Commodity Exchange of India Limited | 1.03% | down 0.13 pts | ₹208 Cr | down ₹24.2 Cr | Trimmed |
| UltraTech Cement Limited | 1.01% | up 0.05 pts | ₹203 Cr | up ₹11.1 Cr | Added |
| Aditya Birla Sun Life AMC Limited | 1.01% | down 0.05 pts | ₹203 Cr | down ₹8.4 Cr | Trimmed |
| InterGlobe Aviation Limited | 0.98% | down 0.41 pts | ₹197 Cr | down ₹81.8 Cr | Trimmed |
| Entero Healthcare Solutions Ltd | 0.98% | up 0.04 pts | ₹196 Cr | up ₹8.5 Cr | Added |
| Hindustan Petroleum Corporation Limited | 0.98% | down 0.29 pts | ₹196 Cr | down ₹56 Cr | Trimmed |
| ICICI Lombard General Insurance Company Limited | 0.95% | down 0.07 pts | ₹191 Cr | down ₹13.9 Cr | Trimmed |
| Honeywell Automation India Limited | 0.93% | down 0.04 pts | ₹187 Cr | down ₹7.7 Cr | Trimmed |
| Ambuja Cements Limited | 0.89% | up 0.02 pts | ₹178 Cr | up ₹4.3 Cr | Added |
| Hindalco Industries Limited | 0.86% | up 0.14 pts | ₹172 Cr | up ₹29.5 Cr | Added |
| Suven Pharmaceuticals Limited | 0.85% | down 0.07 pts | ₹171 Cr | down ₹12.5 Cr | Trimmed |
| Century Textiles & Industries Limited | 0.84% | up 0.05 pts | ₹169 Cr | up ₹11.2 Cr | Added |
What changed, Jun 2026 to Jul 2026
New New positions (4)
- Tata Consultancy Services Limited1.3% · ₹263 Cr
- Adani Enterprises Limited1.2% · ₹238 Cr
- Torrent Pharmaceuticals Limited0.8% · ₹156 Cr
- Central Mine Planning & Design Institute Limited0.4% · ₹90 Cr
Exited Exited (2)
- Voltas Limitedwas 0.8% · ₹150 Cr
- JB Chemicals & Pharmaceuticals Limitedwas 0.7% · ₹137 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 Jun 2026, the weight rose most in IT - Software (+1.7 pts) and Metals & Minerals Trading (+1.2 pts), and fell most in Petroleum Products (−1.5 pts) and Consumer Durables (−0.8 pts).
- IT - Software7.5% → 9.1%+1.7 pts
- Metals & Minerals Trading0.0% → 1.2%new+1.2 pts
- Finance4.3% → 4.8%+0.5 pts
- Commercial Services & Supplies0.0% → 0.5%new+0.5 pts
- Automobiles5.1% → 5.5%+0.4 pts
- Non - Ferrous Metals0.7% → 0.9%+0.1 pts
- Petroleum Products4.5% → 3.0%−1.5 pts
- Consumer Durables0.8% → 0.0%exited−0.8 pts
- Banks21.0% → 20.3%−0.7 pts
- Construction6.4% → 5.8%−0.5 pts
- Industrial Products4.6% → 4.1%−0.5 pts
- Capital Markets4.1% → 3.7%−0.4 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 | Apr 2026 | Jun 2026 | Jul 2026 |
|---|---|---|---|---|
| Banks | 24.2% | 20.3% | 21.0% | 20.3% |
| IT - Software | 10.2% | 8.5% | 7.5% | 9.1% |
| Pharmaceuticals & Biotechnology | 6.5% | 7.3% | 7.5% | 7.6% |
| Retailing | 6.6% | 6.9% | 6.1% | 6.2% |
| Construction | 4.2% | 6.0% | 6.4% | 5.8% |
| Automobiles | 5.6% | 5.2% | 5.1% | 5.5% |
| Finance | 4.7% | 3.9% | 4.3% | 4.8% |
| Industrial Products | 3.8% | 4.3% | 4.6% | 4.1% |
| Healthcare Services | 3.2% | 3.3% | 3.7% | 3.7% |
| Capital Markets | 2.7% | 4.0% | 4.1% | 3.7% |
Allocation in Jul 2026change vs Jun 2026
- Banks (8)20.3%▼ 0.7 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, Jul 2026
0.5%
▼ 0.6 pts vs Jun 2026
- Cash alone
- 0.5%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 0.5% – 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.