Magic of compounding: If one had invested Rs 1 lakh in Invesco India Contra Fund in the year 2007, that investment would have become Rs 11.57 lakh now.
Is it a mutual fund or magic?
Highlights
Magic of compounding: Mutual funds are considered the best investment option for wealth creation in the long term. You can also raise a large corpus by investing in them. One such scheme is Invesco India Contra Fund. This scheme has consistently proved to be a high performer. This scheme has given better returns year after year.
This is a contra mutual fund scheme of Invesco Mutual Fund. It has been 22 years since this fund was launched. Invesco India Contra Fund was launched on April 11, 2007. Since its launch, the return of this fund has been 14.70 percent annually. If someone had invested Rs 1 lakh in Invesco India Contra Fund in the year 2007, that investment would have become Rs 11.57 lakh now.
Better returns year after year
If someone had invested Rs 1 lakh in this scheme a year ago, that investment would have grown to Rs 1.06 lakh. Similarly, the same investment would have grown to Rs 1.58 lakh in 3 years. If an investor had invested the same amount 5 years ago, that investment would have grown to Rs 2.39 lakh. If the investment period had been 7 years, the investment would have grown to Rs 2.48 lakh. An investment of Rs 1 lakh would have grown to Rs 3.62 lakh in a period of 10 years.
Top Holdings
The AUM of this mutual fund scheme is Rs 16,292 crore. This mutual fund scheme includes shares of major companies like HDFC Bank, ICICI Bank, Infosys, Axis Bank, M&M, Apollo Hospitals, Zomato, NTPC, L&T.
(Disclaimer: Mutual fund investment is subject to market risk. If you want to invest in it, then first consult a certified investment advisor. IEN will not be responsible for any kind of profit or loss of yours.)
