sora019 ° For the past five years, earnings growth has missed consensus estimates of analysis, Even this year, it seems the situation may rot change much. A key factor which requires consideration is valuation of the broad benchmark indices. Taday, the Nifty 50, Index is trading at price to earnings (P/E) ‘multiple of 27 times, Ths is stil an 11 per , cont premium to the valuation three years ‘ago, and 28.7 per cent to the valuation five years ago. This shows thatthe Nifty P/E does not adequately reflect the climate of economic slowdown, rw a1 AU In such a situation, itis important to follow the tenet of value investing. Among schemes, ‘hich follow this approach and have performed well is Invesco India Contra Fund. Inthe past five-year and 10-year periods, the scheme has given 10.6 per cent and 13.3 per cent Fetus, respectively, while its peers in the category have given average retuns of 7.6 per cent and 11.9 per cent over the same periods. (One ofthe factors which has helped maintain its performance even in the short term is ‘lear focus of the scheme's fund managers Amit Ganatra and Taher Badshah to stick to ‘ther sector leaders or the second best in an industry even in the mid cap category. This focus has paid off even in the highly bearish phase of markets. In the past six months, the fund managers have clearly enhanced focus on such stocks. Portfolio change (Past 6 months) Invesco India Contra Fund-Growth xt Navesun ceaaste ‘amas You sHouto conSIDER 246.4800.057 (120% “munis Renn for year 844% Seggetuainvesinent | Tinetatenta dubia Horzon>3 Years money 3.11 Years ww ‘unas You snouto consioen 129.7921 1.554.251) Aanueasa Roum | Suagestadinvesnant Tine tatento ube for3year 7.02% — Horean.>3 Years money: 3.8 Years Now Entrants Complete Exits Increase in Allocation ‘Ambuja Cements once cost ‘Ashok Leyland Parag Mik Foods Mohasis Coa naia Zee Entertainment Manica & Maina Returns (in %) riod | CAGR Return | SIPCARGRetum Contra Fund -Average CAGR Return (%) Year 9.24 5.98 728 Year 82 340 aaa S Year 1061 a8 ers Returns peer comparison (in %) Scheme Name ‘year | Year| Boar Kotak India £Q Contra Fund 524 ass e. LT India Value Fund 4.92 408 10.08 ‘Sal EqutyHybed Func Fund ee hitpstleconomitimes indiatimes.comimt’analysis best equity-mutualfund-sip-portflios-o-nvest-in-201Slartcleshow!57431830.cms?from=mdr “Mutual fund SIP: Sest mutual fund SIP portfolios to invest in 2019, 7 9 909 Ones 7 Pr (Mior Gey, 668 RAM, Fluid AMOLED Dspay, 28GB Stree, 344.999 Apple ArPoss with Wiless Charging © 218.499 Most Read Most snared ‘Shou continua te nvetin Fran nd Fond? ICICI Prusental Valu Discovery Fund: Fund review [As investors gol market save, mor opt for mutual funds rect plane id to vest for 25 years Isimy mutual und portole good fr investment horizon 20 years? Discover ronescny Mutual Funds “EIMONEY iw) 3 w Top TaxSeverELSS SP sang Re S00 nde z © il mil Aterabve to Index Funds saan Account CIC A iad BextLarge Cap Bost alan Funds runes ro 2 “Top Rated Muti Cap Funds 3 High Performing Mid (Cap Funds Reach out to Top Generator Dealars near you ‘and got fee quotes Mutual Fund Top Trending Terms 8124