What is 'contra'?
The investment style that combines a value style, fundamental analysis and sector rotation.
So your fund manager looks for currently undervalued scrips that are fundamentally strong and have capacity to bounce up next and continuously shifts once the expected price realisation occurs in the holdings
This means you are taking more risk than the normal diversified equity funds.
There are eight such funds available so far in the Indian markets.
1. Religare Contra Fund
2. Tata Contra Fund
3. Kotak Contra Fund
4. UTI Contra Fund
5. SBI Magnum Contra Fund
6. ING Vysya Conta Fund
7. J M Contra Fund
8. L&T contra Fund
To manage your long term goals like planning for kids higher education, marriage, setting up a business, your own retirement etc.. normally have a time horizon of 15 years upwards.
These are the needs you should look to fullfil by following the contra approach.
YOU OWN DIFFERENT ASSET CLASSES FROM THE TRADITIONAL CASH, DEBT, EQUITY, GOLD, REALTY TO THE MODERN PRODUCTS LIKE MUTUAL FUNDS, ETFs AND DERIVATIVES AND STRUCTURED PRODUCTS. INSURANCE YOU OWN FOR PROTECTION. AN ATTEMPT IS MADE TO PIECE TOGETHER EVERYTHING AT A PLACE. "Mutual Fund investments are subject to market risks, read all scheme related documents carefully." Author : M V Monica MFD Code: ARN-99500 AMFI-Registered Mutual Fund Distributor
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