About Kotak Contra Fund
Kotak Contra Fund is a contra fund managed by Kotak Mahindra Mutual Fund. Follow a contrarian strategy, investing in sectors or stocks that are currently out of favour.
The investment objective of the scheme is to generate capital appreciation from a diversified portfolio of equity and equity related instruments. The Scheme will invest in stocks of companies, which are fundamentally sound but are undervalued. Undervalued stocks are stocks of those companies whose true long term potential is not yet recognised by the market. At times, the broad market takes time to appreciate the long-term potential of some fundamentally sound companies. Stocks of such companies are traded at prices below their intrinsic value and are regarded as undervalued stocks. We believe that, over a period of time, the price of a stock reflects the intrinsic value of the underlying company. Thus, the moving up of the price of the undervalued stock towards its intrinsic value will help us generate capital appreciation for investors. However, there can be no assurance that the investment objective of the Scheme will be achieved.
The scheme's stated objective, as published by Kotak Mahindra Mutual Fund.
The NAV (net asset value) is the price of one unit of the fund. It is published by the fund house every business day and changes with the value of the fund's holdings. The Growth option reinvests all gains, so its NAV reflects the fund's total return.
Tax on your gains
Gains are taxed as equity: sell within 12 months and the gain is short-term, taxed at 20%. Hold longer and it is long-term, taxed at 12.5% on gains above ₹1.25 lakh in a financial year, across all your equity investments.
Work out what you would owe with the capital gains tax calculator.
Every plan and option, with scheme codes
| Plan | Option | NAV | Scheme code |
|---|---|---|---|
| Direct | Growth | ₹185.653 | 119769 |
| Direct | IDCW - Payout & Re-investment of Income Distribution cum capital withdrawal option | ₹66.064 | 119768 |
| Regular | Growth | ₹154.829 | 103040 |
| Regular | IDCW - Payout & Re-investment of Income Distribution cum capital withdrawal option | ₹53.369 | 103039 |
Frequently asked questions
What is the NAV of Kotak Contra Fund today?
The NAV of Kotak Contra Fund (Direct plan, Growth) is ₹185.653 and the Regular plan NAV is ₹154.829, as of 13 Nov 2026.
What returns has Kotak Contra Fund given?
Over the last year the Direct plan returned 1.32%, and 15.3% a year over 3 years and 13.99% a year over 5 years. That places it 2 of 3 funds in its category over 3 years. Past returns do not guarantee future returns.
What is the expense ratio of Kotak Contra Fund?
The Direct plan charges 0.8% a year, as disclosed on 30 Sept 2026. The fee is already taken out of the NAV, so the returns above are what you keep.
What is the minimum SIP amount in Kotak Contra Fund?
You can start a monthly SIP with ₹100, or invest a lump sum of ₹100 or more.
How much has Kotak Contra Fund fallen in the past?
Its deepest fall was 37.9% from 24 Jan 2020 to 23 Mar 2020. Of every one-year stretch in its history, 90% ended in a gain.
Which category does Kotak Contra Fund belong to?
It is a Contra Fund from Kotak Mahindra Mutual Fund. Follow a contrarian strategy, investing in sectors or stocks that are currently out of favour.
What is the difference between the Direct and Regular plan?
Both invest in the same portfolio. The Direct plan is bought straight from the fund house or a direct platform and has a lower expense ratio because no distributor commission is paid, so its NAV grows slightly faster over time.
How are gains from Kotak Contra Fund taxed?
Gains are taxed as equity: sell within 12 months and the gain is short-term, taxed at 20%. Hold longer and it is long-term, taxed at 12.5% on gains above ₹1.25 lakh in a financial year, across all your equity investments.
Source: NAVs published by the fund house through AMFI. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance does not guarantee future returns. This page is for information only and is not a recommendation to buy or sell.