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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
₹20,644 Cr
up ₹543 Cr vs Jul 2026
- Stocks held
- 71
- up 3 vs Jul 2026
- Top 10 weight
- 31.9%
- of the portfolio in its ten largest
- Cash & debt
- 1.0%
- cash, money market and debt
- Moves this month
- 5 in · 2 out
- added to 10, trimmed 31
Invesco India Contra Fund is an active equity fund in the Value / Contra category from Invesco Mutual Fund. In August 2026 it disclosed 71 stocks worth ₹20,644 Cr, up ₹543 Cr from Jul 2026. Its largest positions were ICICI Bank Limited (6.1%), Larsen & Toubro Limited (4.9%), State Bank of India (3.2%); the ten largest together made up 31.9% of the portfolio, and Banks was the biggest sector at 20.0% of its equity. Cash and debt stood at 1.0%. Compared with Jul 2026 the fund entered 5 new stocks and exited 2.
Against 26 other Value / Contra funds
Concentration
35%
Top-10 weight is higher than 35% 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 August 2026
Download CSVEvery line the fund disclosed, with the change against Jul 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 | 6.06% | down 0.38 pts | ₹1,250 Cr | down ₹43.1 Cr | Trimmed |
| Larsen & Toubro Limited | 4.86% | down <0.01 pts | ₹1,002 Cr | up ₹26.3 Cr | Added |
| State Bank of India | 3.16% | up 0.25 pts | ₹652 Cr | up ₹67.4 Cr | Added |
| Mahindra & Mahindra Limited | 3.06% | down 0.49 pts | ₹633 Cr | down ₹82.5 Cr | Trimmed |
| Coforge Limited | 2.65% | up 0.29 pts | ₹548 Cr | up ₹72.9 Cr | Added |
| Cholamandalam Investment and Finance Company Limited | 2.62% | down 0.06 pts | ₹541 Cr | up ₹2.2 Cr | Held |
| Infosys Limited | 2.56% | down 0.06 pts | ₹528 Cr | up ₹1.7 Cr | Held |
| Axis Bank Limited | 2.36% | down 0.16 pts | ₹486 Cr | down ₹18.4 Cr | Trimmed |
| Bharti Airtel Limited | 2.31% | down 0.27 pts | ₹476 Cr | down ₹42.1 Cr | Trimmed |
| The Federal Bank Limited | 2.23% | down 0.07 pts | ₹460 Cr | down ₹2.8 Cr | Trimmed |
| Apollo Hospitals Enterprise Limited | 2.09% | down 0.07 pts | ₹431 Cr | down ₹2.8 Cr | Trimmed |
| Glenmark Pharmaceuticals Limited | 2.04% | up 0.15 pts | ₹422 Cr | up ₹41.9 Cr | Added |
| Prestige Estates Projects Limited | 2.02% | up 0.07 pts | ₹417 Cr | up ₹24.1 Cr | Added |
| IndusInd Bank Limited | 1.96% | down 0.04 pts | ₹404 Cr | up ₹1.7 Cr | Held |
| Tata Motors Ltd | 1.90% | up 0.09 pts | ₹393 Cr | up ₹28.6 Cr | Added |
| Reliance Industries Limited | 1.90% | down 0.10 pts | ₹392 Cr | down ₹9.4 Cr | Trimmed |
| FSN E-Commerce Ventures Limited | 1.79% | up 0.04 pts | ₹370 Cr | up ₹17.1 Cr | Added |
| TVS Motor Company Limited | 1.73% | down 0.04 pts | ₹356 Cr | up ₹2.3 Cr | Added |
| KEI Industries Limited | 1.61% | down 0.01 pts | ₹333 Cr | up ₹6.6 Cr | Added |
| Delhivery Limited | 1.60% | down 0.14 pts | ₹331 Cr | down ₹18.7 Cr | Trimmed |
| Divi's Laboratories Limited | 1.57% | up 0.20 pts | ₹323 Cr | up ₹48.2 Cr | Added |
| Shyam Metalics and Energy Limited | 1.54% | down 0.13 pts | ₹318 Cr | down ₹17.4 Cr | Trimmed |
| Samvardhana Motherson International Limited | 1.53% | up 0.14 pts | ₹316 Cr | up ₹36.8 Cr | Added |
| Global Health Limited | 1.51% | up 0.04 pts | ₹311 Cr | up ₹15.6 Cr | Added |
| Meesho Ltd | 1.47% | up 0.13 pts | ₹303 Cr | up ₹34.2 Cr | Added |
| Tech Mahindra Limited | 1.44% | down 0.06 pts | ₹298 Cr | down ₹4.3 Cr | Trimmed |
| Kotak Mahindra Bank Limited | 1.34% | up 0.06 pts | ₹277 Cr | up ₹19.2 Cr | Added |
| Tata Consultancy Services Limited | 1.29% | down 0.02 pts | ₹267 Cr | up ₹3.8 Cr | Added |
| Shriram Transport Finance Company Limited Shriram Finance Limited · history in this fund | 1.29% | up 0.04 pts | ₹267 Cr | up ₹15.2 Cr | Added |
| RBL Bank Limited | 1.25% | down 0.02 pts | ₹257 Cr | up ₹3.3 Cr | Added |
| Bharat Electronics Limited | 1.24% | down 0.41 pts | ₹257 Cr | down ₹75.4 Cr | Trimmed |
| Lupin Limited | 1.23% | down 0.16 pts | ₹254 Cr | down ₹26.3 Cr | Trimmed |
| Multi Commodity Exchange of India Limited | 1.15% | up 0.12 pts | ₹238 Cr | up ₹29.8 Cr | Added |
| KFin Technologies Limited | 1.15% | up 1.15 pts | ₹237 Cr | up ₹237 Cr | New |
| Entero Healthcare Solutions Ltd | 1.14% | up 0.16 pts | ₹235 Cr | up ₹39.2 Cr | Added |
| BSE Limited | 1.13% | down 0.42 pts | ₹234 Cr | down ₹77.8 Cr | Trimmed |
| Adani Enterprises Limited | 1.09% | down 0.09 pts | ₹226 Cr | down ₹11.9 Cr | Trimmed |
| Swiggy Limited | 1.08% | down 0.04 pts | ₹223 Cr | down ₹2.3 Cr | Trimmed |
| Bank of Baroda | 1.08% | down 0.05 pts | ₹222 Cr | down ₹3.7 Cr | Trimmed |
| Craftsman Automation Limited | 1.07% | down 0.15 pts | ₹221 Cr | down ₹25.3 Cr | Trimmed |
| Varun Beverages Limited | 1.04% | down 0.14 pts | ₹216 Cr | down ₹22.5 Cr | Trimmed |
| Aditya Birla Sun Life AMC Limited | 1.02% | up 0.01 pts | ₹211 Cr | up ₹8 Cr | Added |
| Grasim Industries Limited | 1.01% | up 1.01 pts | ₹209 Cr | up ₹209 Cr | New |
| Cash, TREPS & receivables | 0.98% | up 0.48 pts | ₹201 Cr | up ₹101 Cr | Added |
| Suven Pharmaceuticals Limited | 0.97% | up 0.12 pts | ₹200 Cr | up ₹29.7 Cr | Added |
| Century Textiles & Industries Limited | 0.97% | up 0.13 pts | ₹200 Cr | up ₹31.4 Cr | Added |
| Jyoti CNC Automation Ltd | 0.97% | up 0.16 pts | ₹200 Cr | up ₹37.4 Cr | Added |
| InterGlobe Aviation Limited | 0.96% | down 0.01 pts | ₹199 Cr | up ₹2.4 Cr | Added |
| Jubilant Foodworks Limited | 0.90% | up 0.07 pts | ₹185 Cr | up ₹19 Cr | Added |
| ICICI Lombard General Insurance Company Limited | 0.89% | down 0.06 pts | ₹184 Cr | down ₹6.7 Cr | Trimmed |
What changed, Jul 2026 to Aug 2026
New New positions (5)
- KFin Technologies Limited1.1% · ₹237 Cr
- Grasim Industries Limited1.0% · ₹209 Cr
- Bharat Dynamics Limited0.8% · ₹172 Cr
- Tenneco Clean Air India Limited0.5% · ₹98.9 Cr
- Arvind Limited0.3% · ₹65.2 Cr
Exited Exited (2)
- Hindustan Petroleum Corporation Limitedwas 1.0% · ₹196 Cr
- Ambuja Cements Limitedwas 0.9% · ₹178 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 Jul 2026, the weight rose most in Capital Markets (+0.9 pts) and Auto Components (+0.5 pts), and fell most in Petroleum Products (−1.1 pts) and Automobiles (−0.5 pts).
- Capital Markets3.7% → 4.6%+0.9 pts
- Auto Components2.7% → 3.2%+0.5 pts
- Aerospace & Defense1.7% → 2.1%+0.4 pts
- Retailing6.2% → 6.5%+0.3 pts
- Textile Products0.0% → 0.3%new+0.3 pts
- Pharmaceuticals & Biotechnology7.6% → 7.9%+0.3 pts
- Petroleum Products3.0% → 2.0%−1.1 pts
- Automobiles5.5% → 4.9%−0.5 pts
- Insurance1.8% → 1.4%−0.4 pts
- Banks20.3% → 20.0%−0.3 pts
- Food Products0.5% → 0.2%−0.3 pts
- Telecom - Services2.6% → 2.4%−0.3 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 | May 2026 | Jul 2026 | Aug 2026 |
|---|---|---|---|---|
| Banks | 24.2% | 20.2% | 20.3% | 20.0% |
| IT - Software | 8.1% | 8.7% | 9.1% | 9.3% |
| Pharmaceuticals & Biotechnology | 6.7% | 7.3% | 7.6% | 7.9% |
| Retailing | 6.2% | 5.9% | 6.2% | 6.5% |
| Construction | 4.5% | 6.4% | 5.8% | 5.9% |
| Automobiles | 5.7% | 5.1% | 5.5% | 4.9% |
| Finance | 4.8% | 3.9% | 4.8% | 4.8% |
| Capital Markets | 2.4% | 4.3% | 3.7% | 4.6% |
| Industrial Products | 4.3% | 4.7% | 4.1% | 4.1% |
| Healthcare Services | 3.6% | 3.5% | 3.7% | 3.7% |
Allocation in Aug 2026change vs Jul 2026
- Banks (8)20.0%▼ 0.3 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, Aug 2026
1.0%
▲ 0.5 pts vs Jul 2026
- Cash alone
- 1.0%
- 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.