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Sankaran Naren Launches Contrarian Fund: Invest Against Market Trends Until October 12!
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News18•30-09-2026, 21:38
Sankaran Naren Launches Contrarian Fund: Invest Against Market Trends Until October 12!
- •ICICI Prudential Mutual Fund, led by veteran investor Sankaran Naren, has launched the ICICI Prudential Contra Fund.
- •This open-ended equity scheme employs a contrarian investment strategy, going against general market trends.
- •The fund targets long-term investors willing to wait for market sentiment or perception to change.
- •Sankaran Naren emphasizes that contrarian investing requires strong research and a long-term perspective, not just buying cheap assets.
- •The fund identifies undervalued stocks with low demand, utilizing the VCTS framework (Calculate, Leverage, Ownership, Upside, Disruption) for selection.
Key Questions Answered
The new fund offer (NFO) for the ICICI Prudential Contra Fund opened for subscription on September 28 and closes on October 12, 2026.
The open-ended equity scheme is managed by veteran investment advisor and CIO Sankaran Naren alongside co-managers Dharmesh Kakkar (or Kakkad), Sakshat Goyal (or Goel), and Gaurav Chikane.
The fund's contrarian strategy is organized under a framework that evaluates factors such as valuations, business cycles, triggers, and market sentiment.
