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Value / Contra · Invesco Mutual Fund · AMFI code 105459Invesco India Contra Fund
Disclosed for 10 months, Jan 2026 to Oct 2026.Published as: Invesco India Contra Fund (An open ended equity scheme following contrarian investment strategy)
Portfolio value
₹19,228 Cr
down ₹20.4 Cr vs Sep 2026
- Stocks held
- 74
- up 3 vs Sep 2026
- Top 10 weight
- 32.0%
- of the portfolio in its ten largest
- Cash & debt
- 0.6%
- cash, money market and debt
- Moves this month
- 4 in · 1 out
- added to 10, trimmed 48
Holdings as of the end of October 2026, from Invesco Mutual Fund’s monthly portfolio disclosure. Fund houses publish each month’s portfolio within 10 days of the month end, and this page is updated after they do. How the data is checked
Invesco India Contra Fund is an active equity fund in the Value / Contra category from Invesco Mutual Fund. In October 2026 it disclosed 74 stocks worth ₹19,228 Cr, down ₹20.4 Cr from Sep 2026. Its largest positions were ICICI Bank Limited (6.8%), Larsen & Toubro Limited (4.7%), State Bank of India (3.3%); the ten largest together made up 32.0% of the portfolio, and Banks was the biggest sector at 21.5% of its equity. Cash and debt stood at 0.6%. Compared with Sep 2026 the fund entered 4 new stocks and exited 1.
Against 27 other Value / Contra funds
Concentration
33%
Top-10 weight is higher than 33% of peers
Breadth
78%
Holds more stocks than 78% of peers
Cash
4%
Holds more cash than 4% of peers
What these mean: concentration · cash
Holdings in October 2026
Download CSVEvery line the fund disclosed, with the change against Sep 2026. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| ICICI Bank Limited | 6.77% | up 0.87 pts | ₹1,302 Cr | up ₹166 Cr | Added |
| Larsen & Toubro Limited | 4.68% | down 0.16 pts | ₹899 Cr | down ₹32.2 Cr | Trimmed |
| State Bank of India | 3.33% | up 0.26 pts | ₹640 Cr | up ₹49.4 Cr | Added |
| Mahindra & Mahindra Limited | 2.85% | down 0.11 pts | ₹547 Cr | down ₹21.1 Cr | Trimmed |
| Bharti Airtel Limited | 2.70% | up 0.30 pts | ₹519 Cr | up ₹57 Cr | Added |
| Infosys Limited | 2.58% | up 0.42 pts | ₹496 Cr | up ₹79.9 Cr | Added |
| Cholamandalam Investment and Finance Company Limited | 2.40% | down 0.05 pts | ₹462 Cr | down ₹9.9 Cr | Trimmed |
| Coforge Limited | 2.29% | up 0.27 pts | ₹440 Cr | up ₹50.7 Cr | Added |
| The Federal Bank Limited | 2.28% | up 0.15 pts | ₹439 Cr | up ₹28.8 Cr | Added |
| Apollo Hospitals Enterprise Limited | 2.13% | up 0.07 pts | ₹410 Cr | up ₹13.7 Cr | Added |
| Kotak Mahindra Bank Limited | 2.06% | up 0.63 pts | ₹395 Cr | up ₹120 Cr | Added |
| Glenmark Pharmaceuticals Limited | 2.03% | down 0.03 pts | ₹391 Cr | down ₹6.1 Cr | Trimmed |
| Axis Bank Limited | 1.97% | down 0.41 pts | ₹380 Cr | down ₹79.1 Cr | Trimmed |
| Meesho Ltd | 1.94% | down 0.04 pts | ₹373 Cr | down ₹7.9 Cr | Trimmed |
| Prestige Estates Projects Limited | 1.93% | down 0.04 pts | ₹371 Cr | down ₹7.3 Cr | Trimmed |
| Reliance Industries Limited | 1.86% | down 0.03 pts | ₹357 Cr | down ₹6.8 Cr | Trimmed |
| Tata Motors Ltd | 1.78% | down 0.04 pts | ₹343 Cr | down ₹8.4 Cr | Trimmed |
| FSN E-Commerce Ventures Limited | 1.77% | up 0.01 pts | ₹341 Cr | up ₹2.1 Cr | Added |
| Shyam Metalics and Energy Limited | 1.76% | up 0.15 pts | ₹339 Cr | up ₹28.5 Cr | Added |
| Divi's Laboratories Limited | 1.74% | up 0.09 pts | ₹334 Cr | up ₹16.7 Cr | Added |
| IndusInd Bank Limited | 1.73% | down 0.13 pts | ₹333 Cr | down ₹25.2 Cr | Trimmed |
| Tech Mahindra Limited | 1.70% | up 0.26 pts | ₹327 Cr | up ₹48.8 Cr | Added |
| TVS Motor Company Limited | 1.59% | up 0.04 pts | ₹306 Cr | up ₹6.5 Cr | Added |
| Samvardhana Motherson International Limited | 1.50% | down 0.06 pts | ₹289 Cr | down ₹12.5 Cr | Trimmed |
| Delhivery Limited | 1.46% | down 0.09 pts | ₹280 Cr | down ₹17.2 Cr | Trimmed |
| Tata Consultancy Services Limited | 1.45% | up 0.26 pts | ₹279 Cr | up ₹50.3 Cr | Added |
| RBL Bank Limited | 1.40% | down 0.02 pts | ₹269 Cr | down ₹3.8 Cr | Trimmed |
| Global Health Limited | 1.39% | down 0.10 pts | ₹267 Cr | down ₹19.9 Cr | Trimmed |
| Bank of Baroda | 1.35% | up 0.24 pts | ₹260 Cr | up ₹45.7 Cr | Added |
| BSE Limited | 1.29% | up 0.33 pts | ₹248 Cr | up ₹63.6 Cr | Added |
| Lupin Limited | 1.21% | down 0.01 pts | ₹233 Cr | down ₹2.2 Cr | Trimmed |
| Bharat Electronics Limited | 1.19% | down 0.06 pts | ₹229 Cr | down ₹11.4 Cr | Trimmed |
| Multi Commodity Exchange of India Limited | 1.16% | down 0.04 pts | ₹223 Cr | down ₹7.8 Cr | Trimmed |
| Shriram Transport Finance Company Limited Shriram Finance Limited · history in this fund | 1.14% | down 0.22 pts | ₹219 Cr | down ₹42.5 Cr | Trimmed |
| KEI Industries Limited | 1.14% | down 0.21 pts | ₹219 Cr | down ₹39.8 Cr | Trimmed |
| Varun Beverages Limited | 1.10% | down 0.11 pts | ₹211 Cr | down ₹21.5 Cr | Trimmed |
| KFin Technologies Limited | 1.08% | up 0.01 pts | ₹208 Cr | up ₹2.7 Cr | Added |
| Adani Enterprises Limited | 1.06% | down 0.13 pts | ₹204 Cr | down ₹25.6 Cr | Trimmed |
| Craftsman Automation Limited | 1.05% | down 0.01 pts | ₹203 Cr | down ₹2.9 Cr | Trimmed |
| Suven Pharmaceuticals Limited | 1.02% | up <0.01 pts | ₹195 Cr | up ₹13 L | Held |
| Entero Healthcare Solutions Ltd | 0.98% | down 0.08 pts | ₹188 Cr | down ₹15.9 Cr | Trimmed |
| ICICI Lombard General Insurance Company Limited | 0.97% | down <0.01 pts | ₹186 Cr | down ₹1.1 Cr | Trimmed |
| Grasim Industries Limited | 0.96% | down 0.02 pts | ₹185 Cr | down ₹5 Cr | Trimmed |
| Jyoti CNC Automation Ltd | 0.95% | down 0.14 pts | ₹182 Cr | down ₹26.9 Cr | Trimmed |
| Torrent Pharmaceuticals Limited | 0.88% | up 0.12 pts | ₹169 Cr | up ₹22.5 Cr | Added |
| Aditya Birla Sun Life AMC Limited | 0.84% | down 0.20 pts | ₹161 Cr | down ₹38 Cr | Trimmed |
| Bharat Dynamics Limited | 0.81% | down 0.11 pts | ₹157 Cr | down ₹21.9 Cr | Trimmed |
| Hindalco Industries Limited | 0.81% | down 0.05 pts | ₹156 Cr | down ₹10.1 Cr | Trimmed |
| FSN E-Commerce Ventures Limited November 2026 Future Derivative | 0.80% | up 0.80 pts | ₹154 Cr | up ₹154 Cr | New |
| Timken India Limited | 0.78% | down 0.08 pts | ₹150 Cr | down ₹14.9 Cr | Trimmed |
What changed, Sep 2026 to Oct 2026
New New positions (4)
- Jio Platforms Limited0.6% · ₹114 Cr
- HCL Technologies Limited0.6% · ₹106 Cr
- Titan Company Limited0.3% · ₹50 Cr
- Diamond Power Infrastructure Limited0.2% · ₹44.5 Cr
Exited Exited (1)
- Swiggy Limitedwas 1.0% · ₹198 Cr
Added Biggest additions
- ICICI Bank Limitedup ₹166 Cr (+0.87% pts)
- Kotak Mahindra Bank Limitedup ₹120 Cr (+0.63% pts)
- Infosys Limitedup ₹79.9 Cr (+0.42% pts)
- BSE Limitedup ₹63.6 Cr (+0.33% pts)
- Bharti Airtel Limitedup ₹57 Cr (+0.30% pts)
- Coforge Limitedup ₹50.7 Cr (+0.27% pts)
- Tata Consultancy Services Limitedup ₹50.3 Cr (+0.26% pts)
- State Bank of Indiaup ₹49.4 Cr (+0.26% pts)
- Tech Mahindra Limitedup ₹48.8 Cr (+0.26% pts)
- Bank of Barodaup ₹45.7 Cr (+0.24% pts)
Trimmed Biggest reductions
- Axis Bank Limiteddown ₹79.1 Cr (−0.41% pts)
- InterGlobe Aviation Limiteddown ₹53.6 Cr (−0.28% pts)
- Sonata Software Limiteddown ₹45.1 Cr (−0.23% pts)
- Shriram Transport Finance Company Limiteddown ₹42.5 Cr (−0.22% pts)
- Jubilant Foodworks Limiteddown ₹40.8 Cr (−0.21% pts)
- KEI Industries Limiteddown ₹39.8 Cr (−0.21% pts)
- Aditya Birla Sun Life AMC Limiteddown ₹38 Cr (−0.20% pts)
- Larsen & Toubro Limiteddown ₹32.2 Cr (−0.16% pts)
- Jyoti CNC Automation Ltddown ₹26.9 Cr (−0.14% pts)
- Adani Enterprises Limiteddown ₹25.6 Cr (−0.13% pts)
Sectors
Which sectors the fund is moving towards and away from, and where its money sits now. Shares are of the fund’s classified equity holdings, so they add up to 100%.
Where the weight moved
Compared with
Since Sep 2026, the weight rose most in IT - Software (+1.6 pts) and Banks (+1.5 pts), and fell most in Retailing (−1.3 pts) and Transport Services (−0.5 pts).
- IT - Software8.1% → 9.7%+1.6 pts
- Banks20.0% → 21.5%+1.5 pts
- Telecom - Services2.5% → 3.4%+0.9 pts
- Consumer Durables0.0% → 0.3%new+0.3 pts
- Electrical Equipment0.0% → 0.2%new+0.2 pts
- Retailing6.9% → 5.6%−1.3 pts
- Transport Services3.3% → 2.9%−0.5 pts
- Construction5.9% → 5.5%−0.4 pts
- Finance4.7% → 4.3%−0.3 pts
- Industrial Manufacturing2.4% → 2.1%−0.3 pts
- Leisure Services0.9% → 0.7%−0.2 pts
A sector’s weight changes when the fund buys or sells, and also when its shares rise or fall in price, so a change is not by itself a sign of buying or selling.
Main sectors’ weights over time
| Sector | Apr 2026 | Jul 2026 | Sep 2026 | Oct 2026 |
|---|---|---|---|---|
| Banks | 20.3% | 20.3% | 20.0% | 21.5% |
| IT - Software | 8.5% | 9.1% | 8.1% | 9.7% |
| Pharmaceuticals & Biotechnology | 7.3% | 7.6% | 8.2% | 8.2% |
| Retailing | 6.9% | 6.2% | 6.9% | 5.6% |
| Construction | 6.0% | 5.8% | 5.9% | 5.5% |
| Capital Markets | 4.0% | 3.7% | 5.2% | 5.2% |
| Automobiles | 5.2% | 5.5% | 4.7% | 4.6% |
| Finance | 3.9% | 4.8% | 4.7% | 4.3% |
| Industrial Products | 4.3% | 4.1% | 3.9% | 3.8% |
| Healthcare Services | 3.3% | 3.7% | 3.7% | 3.6% |
Allocation in Oct 2026change vs Sep 2026
- Banks (8)21.5%▲ 1.5 pts
- IT - Software (7)9.7%▲ 1.6 pts
- Pharmaceuticals & Biotechnology (7)8.2%▼ 0.1 pts
- Retailing (5)5.6%▼ 1.3 pts
- Construction (3)5.5%▼ 0.4 pts
- Capital Markets (5)5.2%▲ 0.1 pts
- Automobiles (2)4.6%▼ 0.1 pts
- Finance (3)4.3%▼ 0.3 pts
- Industrial Products (3)3.8%▼ 0.2 pts
- Healthcare Services (2)3.6%▼ 0.1 pts
- Telecom - Services (2)3.4%▲ 0.9 pts
- Auto Components (3)3.1%▼ 0.2 pts
- Transport Services (3)2.9%▼ 0.5 pts
- Industrial Manufacturing (3)2.1%▼ 0.3 pts
- Aerospace & Defense (2)2.1%▼ 0.2 pts
- Realty (1)2.0%▼ 0.1 pts
- Petroleum Products (1)1.9%▼ 0.1 pts
- Agricultural, Commercial & Construction Vehicles (1)1.8%▼ 0.1 pts
- Insurance (2)1.5%
- Beverages (1)1.1%▼ 0.1 pts
Cash and debt
The share of the portfolio not in shares: cash and net receivables, money-market instruments and bonds, as disclosed each month. Cash can dip below zero when payables, often on derivative positions, exceed it. A change here describes what the fund did; it is not a signal. More on reading cash.
Cash & debt, Oct 2026
0.6%
▼ 0.9 pts vs Sep 2026
- Cash alone
- 0.6%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 0.5% – 1.5%
- lowest to highest · record 1.5% in Sep 2026
History
Disclosed portfolio value by month, with the stocks the fund entered and exited against its previous disclosure. Every month is a link to that portfolio.
All 10 months
| Month | Portfolio value | Stocks | Entered | Exited | Cash | Cash & debt | Turnover |
|---|---|---|---|---|---|---|---|
| Oct 2026 | ₹19,228 Cr | 74 | 4 | 1 | 0.6% | 0.6% | 63% |
| Sep 2026 | ₹19,248 Cr | 71 | 2 | 2 | 1.5% | 1.5% | 64% |
| Aug 2026 | ₹20,644 Cr | 71 | 5 | 2 | 1.0% | 1.0% | 64% |
| Jul 2026 | ₹20,100 Cr | 68 | 4 | 2 | 0.5% | 0.5% | 60% |
| Jun 2026 | ₹19,996 Cr | 66 | 1 | 4 | 1.1% | 1.1% | 61% |
| May 2026 | ₹19,517 Cr | 69 | 1 | 2 | 1.4% | 1.4% | 59% |
| Apr 2026 | ₹19,406 Cr | 70 | 4 | 2 | 0.7% | 0.7% | 57% |
| Mar 2026 | ₹17,664 Cr | 68 | 2 | 4 | 0.8% | 0.8% | — |
| Feb 2026 | ₹19,948 Cr | 70 | 1 | 0 | 1.0% | 1.0% | — |
| Jan 2026 | ₹19,946 Cr | 69 | 0.6% | 0.6% | — |