Value / Contra Fund
SEBI Risk: Very High
AMC: SBI Mutual Fund
SBI Contra Fund - Direct Plan - Growth
Benchmark: BSE 500 TRI • Manager: Dinesh Balachandran • Portfolio Date: 2026-09-30
Composite Health Score
Coverage Pending
68.3% / 70.0% Verified
Look-Through Forensic Audit pending underlying constituent coverage. Full holdings breakdown available below.
Under SEBI RA 2014 Sec. 2(u) non-advisory standards, we strictly require verified 7-pillar institutional research on ≥70% of equity holdings (currently 68.3%) before issuing quantitative composite scores or qualitative AI audit narratives.
⚠️ Fiduciary Surveillance Alerts Triggered (1)
- Look-Through Forensic Audit pending underlying constituent coverage (68.3% verified vs 70.0% threshold). Composite Health Score & qualitative narrative paused.
🔒 Deep Dive
Look-Through Forensics & Audit Narrative
The free report already shows fees, active share, holdings and the headline health score. The Deep Dive opens up what sits underneath the portfolio.
- Weighted moat score and the top compounder holdings
- Look-through accounting risk (ASRI) and promoter pledge exposure, with the flagged holdings named
- Weighted margin of safety: is the portfolio at a DCF discount or premium
- The written 7-pillar audit narrative, and the Forensic Desk can answer questions on all of it
One-time, permanent for this scheme
01: Dual-Sleeve Constituent Decomposition
Equity holdings evaluated via Forensic Equity Engine; Debt/bonds evaluated via Credit & Solvency Engine.
Equity: 22.7% (Score: Pending)
Debt: 0.0% (Score: 0.0)
Cash / TREPS: 15.1%
| Identifier | Security Name | Type | Weight | Sector / Rating | Engine Score | Diagnostic Notes |
|---|---|---|---|---|---|---|
| TREPS | Repo Margin | CASH_EQUIVALENT | 15.1% | CASH | 100.0 | Liquid Cash / Sovereign Collateral |
| SBIN ↗ | State Bank of India | EQUITY | 6.8% | PSU Banks | 82.0 | Verified 7-Pillar Equity Dossier Available |
| HDFCBANK ↗ | HDFC Bank Ltd | EQUITY | 4.5% | Private Banks | 82.0 | Verified 7-Pillar Equity Dossier Available |
| ITC ↗ | ITC Ltd | EQUITY | 4.2% | FMCG | 82.0 | Verified 7-Pillar Equity Dossier Available |
| BHARATFORG ↗ | Bharat Forge Ltd | EQUITY | 3.8% | Auto Ancillary | 76.0 | Solid Core Holding (Pending 7-Pillar Audit) |
| FEDERALBNK ↗ | Federal Bank Ltd | EQUITY | 3.4% | Banks | 73.0 | Solid Core Holding (Pending 7-Pillar Audit) |
02: True Diversification & Active Share
Exposing Closet Indexing: Active Share AS = 0.5 × ∑|w_fund - w_bench|
Active Share Score
78.5%
TRUE_ACTIVE_ALPHA
High Active Share: Portfolio significantly deviates from the passive benchmark, justified active fee.
Top 10 Holdings Concentration:
37.8%
03 & 04: Risk-Adjusted Alpha & Downside Capture
Evaluating asymmetrical compounding: Downside Capture Ratio vs Upside Capture Ratio.
Sortino Ratio
2.15
Downside Risk Only
Downside Capture
60.0%
Benchmark: ≤ 75%
Capture Spread
+49.0%
UCR (109.0%) - DCR
Hurst Exponent (H)
0.67
Persistent Momentum
3-Year Rolling Return Consistency:
87.5% of windows
05: Intermediary Fee Drag & Wealth Destruction
Direct Plan vs Regular Plan: Compounded wealth transfer to distributor commissions over time.
Annual Distributor Commission Drag
82.0 bps / yr (1.49% - 0.67%)
| Time Horizon | Direct Plan Value (Net) | Regular Plan Value (Net) | Cumulative Wealth Lost | Percentage Corpus Destroyed |
|---|---|---|---|---|
| 5 Years | ₹1,710,256 | ₹1,648,192 | -₹62,063 | 3.6% |
| 10 Years | ₹2,924,975 | ₹2,716,538 | -₹208,437 | 7.1% |
| 15 Years | ₹5,002,454 | ₹4,477,377 | -₹525,077 | 10.5% |
| 20 Years | ₹8,555,476 | ₹7,379,579 | -₹1,175,897 | 13.7% |
💡 Fiduciary Takeaway: A ₹10.0 Lakh investment loses ₹208,437 over 10 years purely to distributor commissions in the Regular plan.
Forensic Intelligence Desk
SEBI RA Sec. 2(u):
Descriptive diagnostics & Pre-Mortem stress-testing only. Non-advisory software utility.
Forensic Desk
⌘K