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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
₹19,248 Cr
down ₹1,395 Cr vs Aug 2026
- Stocks held
- 71
- unchanged
- Top 10 weight
- 30.4%
- of the portfolio in its ten largest
- Cash & debt
- 1.5%
- cash, money market and debt
- Moves this month
- 2 in · 2 out
- added to 10, trimmed 57
Invesco India Contra Fund is an active equity fund in the Value / Contra category from Invesco Mutual Fund. In September 2026 it disclosed 71 stocks worth ₹19,248 Cr, down ₹1,395 Cr from Aug 2026. Its largest positions were ICICI Bank Limited (5.9%), Larsen & Toubro Limited (4.8%), State Bank of India (3.1%); the ten largest together made up 30.4% of the portfolio, and Banks was the biggest sector at 20.0% of its equity. Cash and debt stood at 1.5%. Compared with Aug 2026 the fund entered 2 new stocks and exited 2.
Against 26 other Value / Contra funds
Concentration
23%
Top-10 weight is higher than 23% of peers
Breadth
77%
Holds more stocks than 77% of peers
Cash
15%
Holds more cash than 15% of peers
What these mean: concentration · cash
Holdings in September 2026
Download CSVEvery line the fund disclosed, with the change against Aug 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% | down 0.15 pts | ₹1,136 Cr | down ₹114 Cr | Trimmed |
| Larsen & Toubro Limited | 4.84% | down 0.01 pts | ₹932 Cr | down ₹70.6 Cr | Trimmed |
| State Bank of India | 3.07% | down 0.09 pts | ₹591 Cr | down ₹61.9 Cr | Trimmed |
| Mahindra & Mahindra Limited | 2.95% | down 0.11 pts | ₹569 Cr | down ₹64 Cr | Trimmed |
| Cholamandalam Investment and Finance Company Limited | 2.45% | down 0.17 pts | ₹472 Cr | down ₹69.1 Cr | Trimmed |
| Bharti Airtel Limited | 2.40% | up 0.09 pts | ₹462 Cr | down ₹14.4 Cr | Trimmed |
| Axis Bank Limited | 2.38% | up 0.03 pts | ₹459 Cr | down ₹27.7 Cr | Trimmed |
| Infosys Limited | 2.16% | down 0.39 pts | ₹416 Cr | down ₹111 Cr | Trimmed |
| The Federal Bank Limited | 2.13% | down 0.10 pts | ₹410 Cr | down ₹50.7 Cr | Trimmed |
| Glenmark Pharmaceuticals Limited | 2.06% | up 0.02 pts | ₹397 Cr | down ₹24.7 Cr | Trimmed |
| Apollo Hospitals Enterprise Limited | 2.06% | down 0.03 pts | ₹396 Cr | down ₹35.5 Cr | Trimmed |
| Coforge Limited | 2.02% | down 0.63 pts | ₹390 Cr | down ₹158 Cr | Trimmed |
| Meesho Ltd | 1.98% | up 0.51 pts | ₹381 Cr | up ₹78 Cr | Added |
| Prestige Estates Projects Limited | 1.96% | down 0.05 pts | ₹378 Cr | down ₹38.6 Cr | Trimmed |
| Reliance Industries Limited | 1.89% | down 0.01 pts | ₹364 Cr | down ₹27.6 Cr | Trimmed |
| IndusInd Bank Limited | 1.86% | down 0.10 pts | ₹358 Cr | down ₹45.8 Cr | Trimmed |
| Tata Motors Ltd | 1.83% | down 0.08 pts | ₹352 Cr | down ₹41.2 Cr | Trimmed |
| FSN E-Commerce Ventures Limited | 1.76% | down 0.03 pts | ₹339 Cr | down ₹31.3 Cr | Trimmed |
| Divi's Laboratories Limited | 1.65% | up 0.08 pts | ₹317 Cr | down ₹6 Cr | Trimmed |
| Shyam Metalics and Energy Limited | 1.61% | up 0.07 pts | ₹310 Cr | down ₹8.3 Cr | Trimmed |
| Samvardhana Motherson International Limited | 1.57% | up 0.04 pts | ₹302 Cr | down ₹13.7 Cr | Trimmed |
| TVS Motor Company Limited | 1.56% | down 0.17 pts | ₹299 Cr | down ₹57 Cr | Trimmed |
| Delhivery Limited | 1.54% | down 0.06 pts | ₹297 Cr | down ₹33.7 Cr | Trimmed |
| Cash, TREPS & receivables | 1.51% | up 0.53 pts | ₹291 Cr | up ₹89.1 Cr | Added |
| Global Health Limited | 1.49% | down 0.02 pts | ₹287 Cr | down ₹24.1 Cr | Trimmed |
| Tech Mahindra Limited | 1.45% | up 0.01 pts | ₹279 Cr | down ₹19 Cr | Trimmed |
| Kotak Mahindra Bank Limited | 1.43% | up 0.09 pts | ₹275 Cr | down ₹1.6 Cr | Trimmed |
| RBL Bank Limited | 1.42% | up 0.17 pts | ₹273 Cr | up ₹15.6 Cr | Added |
| Shriram Transport Finance Company Limited Shriram Finance Limited · history in this fund | 1.36% | up 0.07 pts | ₹262 Cr | down ₹5 Cr | Trimmed |
| KEI Industries Limited | 1.34% | down 0.27 pts | ₹259 Cr | down ₹74.6 Cr | Trimmed |
| Bharat Electronics Limited | 1.25% | up 0.01 pts | ₹241 Cr | down ₹16.2 Cr | Trimmed |
| Lupin Limited | 1.22% | down 0.01 pts | ₹236 Cr | down ₹18.4 Cr | Trimmed |
| Varun Beverages Limited | 1.21% | up 0.16 pts | ₹233 Cr | up ₹17 Cr | Added |
| Multi Commodity Exchange of India Limited | 1.20% | up 0.05 pts | ₹231 Cr | down ₹7 Cr | Trimmed |
| Adani Enterprises Limited | 1.19% | up 0.10 pts | ₹229 Cr | up ₹3.5 Cr | Added |
| Tata Consultancy Services Limited | 1.19% | down 0.11 pts | ₹228 Cr | down ₹38.8 Cr | Trimmed |
| Bank of Baroda | 1.12% | up 0.04 pts | ₹215 Cr | down ₹7.5 Cr | Trimmed |
| Jyoti CNC Automation Ltd | 1.08% | up 0.12 pts | ₹209 Cr | up ₹9 Cr | Added |
| Craftsman Automation Limited | 1.07% | down <0.01 pts | ₹206 Cr | down ₹15.4 Cr | Trimmed |
| KFin Technologies Limited | 1.07% | down 0.08 pts | ₹205 Cr | down ₹31.7 Cr | Trimmed |
| Entero Healthcare Solutions Ltd | 1.06% | down 0.08 pts | ₹204 Cr | down ₹31.6 Cr | Trimmed |
| Aditya Birla Sun Life AMC Limited | 1.04% | up 0.02 pts | ₹199 Cr | down ₹11.3 Cr | Trimmed |
| Swiggy Limited | 1.03% | down 0.05 pts | ₹198 Cr | down ₹25.2 Cr | Trimmed |
| Suven Pharmaceuticals Limited | 1.01% | up 0.04 pts | ₹195 Cr | down ₹5.3 Cr | Trimmed |
| Grasim Industries Limited | 0.99% | down 0.03 pts | ₹190 Cr | down ₹19.2 Cr | Trimmed |
| InterGlobe Aviation Limited | 0.98% | up 0.02 pts | ₹189 Cr | down ₹9.5 Cr | Trimmed |
| ICICI Lombard General Insurance Company Limited | 0.97% | up 0.08 pts | ₹187 Cr | up ₹2.7 Cr | Added |
| BSE Limited | 0.96% | down 0.17 pts | ₹185 Cr | down ₹48.8 Cr | Trimmed |
| Bharat Dynamics Limited | 0.93% | up 0.09 pts | ₹179 Cr | up ₹6.2 Cr | Added |
| Jubilant Foodworks Limited | 0.88% | down 0.01 pts | ₹170 Cr | down ₹14.7 Cr | Trimmed |
What changed, Aug 2026 to Sep 2026
New New positions (2)
- National Stock Exchange Of India Ltd0.7% · ₹138 Cr
- GMM Pfaudler Limited0.4% · ₹68.2 Cr
Exited Exited (2)
- UltraTech Cement Limitedwas 0.7% · ₹147 Cr
- Britannia Industries Limitedwas 0.2% · ₹36 Cr
Added Biggest additions
- Meesho Ltdup ₹78 Cr (+0.51% pts)
- Central Mine Planning & Design Institute Limitedup ₹33.4 Cr (+0.21% 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 Aug 2026, the weight rose most in Capital Markets (+0.6 pts) and Industrial Manufacturing (+0.5 pts), and fell most in IT - Software (−1.2 pts) and Cement & Cement Products (−0.8 pts).
- Capital Markets4.6% → 5.2%+0.6 pts
- Industrial Manufacturing1.9% → 2.4%+0.5 pts
- Retailing6.5% → 6.9%+0.4 pts
- Pharmaceuticals & Biotechnology7.9% → 8.2%+0.4 pts
- Commercial Services & Supplies0.6% → 0.8%+0.2 pts
- Beverages1.1% → 1.3%+0.2 pts
- IT - Software9.3% → 8.1%−1.2 pts
- Cement & Cement Products1.8% → 1.0%−0.8 pts
- Automobiles4.9% → 4.7%−0.3 pts
- Food Products0.2% → 0.0%exited−0.2 pts
- Industrial Products4.1% → 3.9%−0.1 pts
- Cement1.0% → 0.9%−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 | Jun 2026 | Aug 2026 | Sep 2026 |
|---|---|---|---|---|
| Banks | 22.9% | 21.0% | 20.0% | 20.0% |
| Pharmaceuticals & Biotechnology | 7.0% | 7.5% | 7.9% | 8.2% |
| IT - Software | 9.4% | 7.5% | 9.3% | 8.1% |
| Retailing | 6.5% | 6.1% | 6.5% | 6.9% |
| Construction | 4.2% | 6.4% | 5.9% | 5.9% |
| Capital Markets | 2.7% | 4.1% | 4.6% | 5.2% |
| Finance | 3.9% | 4.3% | 4.8% | 4.7% |
| Automobiles | 5.6% | 5.1% | 4.9% | 4.7% |
| Industrial Products | 4.2% | 4.6% | 4.1% | 3.9% |
| Healthcare Services | 3.4% | 3.7% | 3.7% | 3.7% |
Allocation in Sep 2026change vs Aug 2026
- Banks (8)20.0%
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, Sep 2026
1.5%
▲ 0.5 pts vs Aug 2026
- Cash alone
- 1.5%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 0.5% – 1.5%
- lowest to highest · record 1.5% in Sep 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.