Contra is an unconventional investment strategy where, rather than picking trending stocks, the fund manager focuses on underperforming stocks. These stocks have the potential to recover and perform well in the future, but at the time of their selection, the fund manager takes a risk. The success of contra funds depends on the fund manager's knowledge about stocks and market trends and the deep research of their team.

Since the fund manager invests in undervalued stocks, contra funds may not perform in the short term. But these funds have the potential to revive in the future.

So, investors with a long-term investment may find contra funds more suitable compared to how short-term investors may see them.

Here we take you through the top 3 contra mutual funds that have given the highest annualised return (CAGR) in the 10-year period.

Also know how an Rs 2,00,000 lump sum investment made in these funds 10 years ago has grown. 

The fund has given a 17.12 per cent annualised return in the 10-year time frame.

It has assets under management (AUM) of Rs 19,257 crore, while its net asset value (NAV) as on July 18, 2025, was Rs 160.99.  

Benchmarked against BSE 500 TRI, the fund has given a 19.31 per cent annualised return since its inception in January 2013.

With an expense ratio of 0.55 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 1,000 as the minimum lump sum investment. 

A Rs 200,000 one-time investment in the fund in 10 years has jumped to Rs 9.72 lakh.

The fund has given a 16.85 per cent annualised SIP return in the 10-year period.

It has AUM of Rs 4,502 crore, while its NAV as on July 18, 2025, was Rs 178.88.  

Benchmarked against NIFTY 500 TRI, the fund has given a 17.51 per cent annualised return since its launch in January 2013.

At an expense ratio of 0.58 per cent, the fund has Rs 1,000 as the minimum SIP investment and Rs 5,000 as the minimum lump sum investment. 

A Rs 200,000 one-time investment in the fund has grown to Rs 9.49 lakh in the 10-year time frame.

The fund has given a 16.64 per cent annualised SIP return in 10 years.

It has a fund size of Rs 47,390 crore, while its unit price as on July 18, 2025, was Rs 424.8345.  

Benchmarked against BSE 500 TRI, the fund has given a 16.95 per cent annualised return since its debut in January 2013.

With an expense ratio of 0.68 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 5,000 as the minimum lump sum investment. 

A Rs 200,000 one-time investment in the fund has converted into Rs 9.32 lakh in the 1-year period.