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Kotak Contra Fund - Direct Plan - Growth vs SBI Contra Fund - Direct Plan - Growth
Kotak Contra Fund and SBI Contra Fund are both in the Contra Fund category, from Kotak Mahindra Asset Management Company Limited. and SBI Funds Management Limited respectively. SBI Contra Fund has posted a higher 3-year rolling CAGR. Kotak Contra Fund has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Kotak Contra Fund has the lower direct-plan expense ratio, by 0.08 percentage points.
| Kotak Contra Fund - Direct Plan - Growth | SBI Contra Fund - Direct Plan - Growth | |
|---|---|---|
| Category | Contra Fund | Contra Fund |
| AMC | Kotak Mahindra Asset Management Company Limited. | SBI Funds Management Limited |
| Benchmark | Nifty 500 TRI | BSE 500 |
| NAV | ₹169.838 (2026-10-28) | ₹390.0778 (2026-10-28) |
| AUM | ₹5,158.916 Cr | ₹44,532.535 Cr |
| Expense Ratio (Direct) | 0.7967% | 0.88% |
| Inception | 2005-06-02 | 2005-05-06 |
Returns
SBI Contra Fund leads on 3-year rolling CAGR (18.0% vs Kotak Contra Fund's 17.5%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
Kotak Contra Fund has been the more volatile of the two by standard deviation.
| Kotak Contra Fund - Direct Plan - Growth | SBI Contra Fund - Direct Plan - Growth | |
|---|---|---|
| 3Y Sharpe Ratio | 0.34 | 0.13 |
| 3Y Alpha | 3.6796% | 1.2114% |
| 3Y Std Deviation | 14.2127% | 12.1914% |
| 3Y Calmar Ratio | 0.63 | 0.55 |
Portfolio Analytics
Kotak Contra Fund carries the higher portfolio P/E ratio (a rougher proxy for how richly the underlying holdings are valued) - see the table below for the full comparison.
| Kotak Contra Fund - Direct Plan - Growth | SBI Contra Fund - Direct Plan - Growth | |
|---|---|---|
| P/E Ratio | 22.7573 | 19.8858 |
| P/B Ratio | 9.9087 | 8.5122 |
| Dividend Yield | 1.2681% | 1.48% |
| Active Share | 63.33% | 64.31% |
| Portfolio Turnover | 37.54% | 154% |
| YTM | - | 5.3435% |
| Duration (Macaulay) | - | - |
Punji Fund Health Score
Kotak Contra Fund and SBI Contra Fund carry the same Punji Quality grade.
Frequently asked questions
Which has a higher 3-year return, Kotak Contra Fund or SBI Contra Fund?
SBI Contra Fund's 3-year rolling CAGR of 18.0% is higher than Kotak Contra Fund's 17.5%. SBI Contra Fund sits in the 67th percentile of its category on this metric, versus the 33rd percentile for Kotak Contra Fund - though note both funds may belong to different categories with different medians, so a raw CAGR comparison doesn't account for how each fund performed relative to its own peers. A higher historical return also doesn't necessarily mean lower risk; check the risk metrics below before concluding either fund is the "better" choice.
Which has a lower expense ratio, Kotak Contra Fund or SBI Contra Fund?
Kotak Contra Fund's direct-plan expense ratio is 0.08 percentage points lower than SBI Contra Fund's. Over long holding periods, a persistent expense-ratio gap compounds into a materially different final corpus even if the two funds' gross returns are similar - it's one of the few fund attributes you can compare with total certainty upfront, unlike future returns, since the fee is contractually fixed rather than a historical estimate.
Which fund carries more risk, Kotak Contra Fund or SBI Contra Fund?
By standard deviation (a measure of how much a fund's returns swing around its own average), Kotak Contra Fund has been more volatile than SBI Contra Fund over the trailing window. Standard deviation captures total volatility in both directions - up and down - so a higher figure means bigger swings generally, not necessarily bigger losses specifically. Sharpe ratio (0.34 for Kotak Contra Fund vs 0.13 for SBI Contra Fund) is a better single measure of risk-adjusted return, since it weighs the return earned per unit of volatility taken rather than volatility alone.
Which has higher AUM, Kotak Contra Fund or SBI Contra Fund?
SBI Contra Fund has ₹44,533 Cr in assets under management, versus ₹5,159 Cr for Kotak Contra Fund. A larger AUM generally means deeper liquidity and lower per-unit fixed costs for the AMC to spread across investors, but an AUM that's very large relative to a fund's category and strategy (especially in small/mid cap categories, where the investable universe is smaller) can also make it harder for a manager to enter and exit positions without moving the price - bigger isn't automatically better, especially for less liquid categories.
Which fund has a longer track record, Kotak Contra Fund or SBI Contra Fund?
SBI Contra Fund launched on 2005-05-06, making it older than Kotak Contra Fund (launched 2005-06-02). A longer track record means more real market cycles (bull runs, corrections, rate cycles) the fund has actually navigated, which is useful context for judging consistency - but it isn't a guarantee of future performance, and a newer fund isn't automatically worse, especially if it's run by an experienced manager or team with a track record at a prior fund.
Data as of 2026-10-29. Source: AMFI disclosures via Punji. Not investment advice.