ICICI Prudential BSE 500 ETF vs Invesco India Multi Asset Allocation Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
ICICI Prudential BSE 500 ETF is an ETF fund and Invesco India Multi Asset Allocation Fund is a Multi Asset fund. In the year to 30-10-2026, ICICI Prudential BSE 500 ETF returned −7.9% and Invesco India Multi Asset Allocation Fund (Direct) returned 5.2%. ICICI Prudential BSE 500 ETF charges 0.33% a year and Invesco India Multi Asset Allocation Fund 0.54%. Their portfolios overlap 36.8%: they hold 71 of the same securities.
ICICI Prudential BSE 500 ETF
ETF
- 1 year return
- −7.9%
- Expense ratio
- 0.33%
- NAV
- ₹37.06
Invesco India Multi Asset Allocation Fund
Multi Asset
- 1 year return
- 5.2%
- Expense ratio
- 0.54%
- NAV
- ₹12.25
Which is better, ICICI Prudential BSE 500 ETF or Invesco India Multi Asset Allocation? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Invesco India Multi Asset Allocation returned more over 1 year: 5.2% against −7.9%.
- ICICI Prudential BSE 500 ETF costs less: 0.33% a year against 0.54%.
- Invesco India Multi Asset Allocation fell less in its worst fall since 19-12-2024: −11.0% against −14.8%.
- Invesco India Multi Asset Allocation holds 11.7% of the fund in foreign stocks; ICICI Prudential BSE 500 ETF 0.0%.
- ICICI Prudential BSE 500 ETF holds more in large companies: 67.1% of the fund in large caps against 36.1%.
- Invesco India Multi Asset Allocation is the larger fund: ₹1,213 Cr against ₹347 Cr.
- Their portfolios overlap 36.8%: 71 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | ICICI Prudential BSE 500 ETF | Invesco India Multi Asset Allocation Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | Invesco Mutual Fund |
| Category | ETF | Multi Asset |
| AUM | ₹347 Cr (30-09-2026) | ₹1,213 Cr (30-09-2026) |
| NAV | ₹37.06 | ₹12.25 (Direct) |
| Expense ratio (Direct) | Not available | 0.54% |
| Expense ratio (Regular) | Not available | 1.68% |
| Riskometer | Not available | Very High |
| Benchmark | BSE 500 TRI | Nifty 200 TRI (60%) + CRISIL 10 Year Gilt Index (30%) + Domestic Price of Gold (5%) + Domestic Price of Silver (5%) |
| Launch date | 09-05-2018 | 18-12-2024 |
| Minimum investment | During Ongoing/Continuous Offer: On Stock Exchanges: Investors can buy/sell units of the Scheme in round lot of 1 unit and in multiples thereof. Directly with the Mutual Fund: Investors can buy or sell units of the scheme in creation unit size and its mul | Not available |
| Lock in | None | None |
| Fund managers | Nishit Patel, Ajaykumar Solanki, Ashwini Shinde | Taher Badshah, Krishna Cheemalapati, Amey Sathe |
| Exit load | There will be no exit load for units sold through the secondary market on the stock exchanges where the Scheme will be listed. Currently, the Scheme is proposed to be listed on BSE and NSE. Investors shall note that the brokerage on sales of the units of the scheme on the stock exchanges shall be borne by the investors. | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 year. |
ICICI Prudential BSE 500 ETF vs Invesco India Multi Asset Allocation: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| ICICI Prudential BSE 500 ETF | −0.90% | −6.15% | −3.10% | −7.94% | +9.53% | +8.30% | -- |
| Invesco India Multi Asset Allocation Fund (Direct) | −0.89% | −3.16% | −1.29% | +5.24% | -- | -- | -- |
| Multi Asset average | −1.71% | −3.33% | −1.78% | +2.00% | -- | -- | -- |
Category average: the average of the 37 Multi Asset funds, same plan type.
ICICI Prudential BSE 500 ETF vs Invesco India Multi Asset Allocation: Year-wise Returns
| Year | ICICI Prudential BSE 500 ETFICICI Prudential BSE 500 ETF | Invesco India Multi Asset AllocationInvesco India Multi Asset Allocation |
|---|---|---|
| 2026to date | −8.04% | +0.16% |
| 2025 | +7.27% | +24.29% |
| 2024 | +15.40% | -- |
| 2023 | +26.14% | -- |
| 2022 | +4.44% | -- |
| 2021 | +31.29% | -- |
ICICI Prudential BSE 500 ETF vs Invesco India Multi Asset Allocation: Rolling Returns
Every holding period of both funds, against BSE 500 TRI, the benchmark of ICICI Prudential BSE 500 ETF
Rolling returns
Every 1-year holding period, 212 of them, one for each trading day from 19-12-2025 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
ICICI Prudential BSE 500 ETF
Invesco India Multi Asset Allocation Fund (Direct)
BSE 500 TRI
to
Jan 2026Mar 2025
to
Mar 2026Apr 2025
to
Apr 2026Jun 2025
to
Jun 2026Aug 2025
to
Aug 2026Oct 2025
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ICICI Prudential BSE 500 ETF | 34.4 | 29.7 | 25.5 | 8.5 | 1.9 | 0.0 | 0.0 | 2.9% | 2.1% | −9.5% | 15.3% | 0% |
| Invesco India Multi Asset Allocation | 0.0 | 2.4 | 7.1 | 12.8 | 44.1 | 18.0 | 15.6 | 18.2% | 18.0% | 4.1% | 30.7% | 100% |
| BSE 500 TRI | 31.6 | 30.2 | 25.9 | 10.4 | 1.9 | 0.0 | 0.0 | 3.2% | 2.4% | −9.2% | 15.7% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is BSE 500 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 19-12-2024. Past returns do not promise future returns.
ICICI Prudential BSE 500 ETF vs Invesco India Multi Asset Allocation: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 02-12-2024 to 30-10-2026: 23 instalments, ₹2,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ICICI Prudential BSE 500 ETFICICI Prudential BSE 500 ETF | ₹2,30,000 | ₹2,24,128 | −₹5,872 | −2.6% |
| Invesco India Multi Asset AllocationInvesco India Multi Asset Allocation Fund (Direct) | ₹2,30,000 | ₹2,48,373 | ₹18,373 | 8.0% |
ICICI Prudential BSE 500 ETFICICI Prudential BSE 500 ETF
Invesco India Multi Asset AllocationInvesco India Multi Asset Allocation Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
ICICI Prudential BSE 500 ETF vs Invesco India Multi Asset Allocation: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ICICI Prudential BSE 500 ETF | Invesco India Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | −7.94% | +5.24% |
| Standard deviation | 14.35% | 11.42% |
| Sharpe ratio | -0.92 | -0.00 |
| Sortino ratio | -1.21 | -0.00 |
| Maximum drawdown | −14.8% (31-03-2026) | −11.0% (23-03-2026) |
| Beta | 1.00 | -- |
| Alpha | −0.28% | -- |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | ICICI Prudential BSE 500 ETF | Invesco India Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.33% | +12.18% |
| Standard deviation | 16.66% | 9.73% |
| Sharpe ratio | 0.36 | 0.68 |
| Sortino ratio | 0.48 | 0.93 |
| Maximum drawdown | −38.0% (23-03-2020) | −11.0% (23-03-2026) |
| Beta | 0.99 | -- |
| Alpha | −0.29% | -- |
From daily NAVs, 11-05-2018 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
ICICI Prudential BSE 500 ETF
Invesco India Multi Asset Allocation Fund (Direct)
BSE 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ICICI Prudential BSE 500 ETF | −14.8% | 02-01-2026 | 31-03-2026 | Not yet | -- | −8.9% |
| Invesco India Multi Asset Allocation Fund (Direct) | −11.0% | 29-01-2026 | 23-03-2026 | 25-08-2026 | 5 months | −6.0% |
| BSE 500 TRI | −14.8% | 02-01-2026 | 30-03-2026 | Not yet | -- | −8.7% |
From daily values since 19-12-2024, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
ICICI Prudential BSE 500 ETF
Invesco India Multi Asset Allocation Fund (Direct)
BSE 500 TRI
Against BSE 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| ICICI Prudential BSE 500 ETF | 99% | 101% | 0.02% |
| Invesco India Multi Asset Allocation Fund (Direct) | 65% | 7% | 10.67% |
From month-end values since 19-12-2024. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
ICICI Prudential BSE 500 ETF vs Invesco India Multi Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential BSE 500 ETF, September 2026; Invesco India Multi Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 36.8%
- Held by both
- 71
- Only in ICICI Prudential BSE 500 ETF
- 430
- Only in Invesco India Multi Asset Allocation
- 22
| Security | % of ICICI Prudential BSE 500 ETF | % of Invesco India Multi Asset Allocation |
|---|---|---|
| HDFC Bank Ltd. | 5.73% | 4.23% |
| ICICI Bank Ltd. | 5.02% | 3.77% |
| Reliance Industries Ltd. | 4.17% | 2.03% |
| Bharti Airtel Ltd. | 2.90% | 1.87% |
| Larsen & Toubro Ltd. | 2.32% | 1.67% |
| Infosys Ltd. | 1.86% | 1.16% |
| State Bank Of India | 2.11% | 1.13% |
| Bajaj Finance Ltd. | 1.36% | 1.00% |
| Axis Bank Ltd. | 1.86% | 0.99% |
| Mahindra & Mahindra Ltd. | 1.40% | 0.98% |
| ITC Ltd. | 1.35% | 0.95% |
| Kotak Mahindra Bank Ltd. | 1.63% | 0.87% |
| Titan Company Ltd. | 0.99% | 0.71% |
| Hindustan Unilever Ltd. | 0.89% | 0.62% |
| Sun Pharmaceutical Industries Ltd. | 1.04% | 0.60% |
| Eternal Ltd. | 1.22% | 0.58% |
| Tata Consultancy Services Ltd. | 1.10% | 0.56% |
| Tata Steel Ltd. | 0.81% | 0.56% |
| Coal India Ltd. | 0.54% | 0.51% |
| Oil & Natural Gas Corporation Ltd. | 0.46% | 0.50% |
| Maruti Suzuki India Ltd. | 0.82% | 0.45% |
| Ultratech Cement Ltd. | 0.68% | 0.44% |
| Grasim Industries Ltd. | 0.61% | 0.44% |
| NTPC Ltd. | 0.81% | 0.43% |
| Bharat Electronics Ltd. | 0.74% | 0.39% |
| Shriram Finance Ltd. | 0.72% | 0.39% |
| Hindalco Industries Ltd. | 0.72% | 0.39% |
| Eicher Motors Ltd. | 0.52% | 0.37% |
| Apollo Hospitals Enterprise Ltd. | 0.44% | 0.36% |
| HCL Technologies Ltd. | 0.69% | 0.34% |
| Divi's Laboratories Ltd. | 0.63% | 0.34% |
| Power Grid Corporation Of India Ltd. | 0.63% | 0.33% |
| Bajaj Auto Ltd. | 0.61% | 0.33% |
| Trent Ltd. | 0.46% | 0.32% |
| SBI Life Insurance Company Ltd. | 0.40% | 0.32% |
| Asian Paints Ltd. | 0.58% | 0.30% |
| Interglobe Aviation Ltd. | 0.59% | 0.28% |
| Tech Mahindra Ltd. | 0.52% | 0.28% |
| Bharat Petroleum Corporation Ltd. | 0.31% | 0.28% |
| TVS Motor Company Ltd. | 0.51% | 0.27% |
| Nestle India Ltd. | 0.50% | 0.26% |
| Varun Beverages Ltd. | 0.31% | 0.26% |
| Hindustan Aeronautics Ltd. | 0.46% | 0.25% |
| TML Commercial Vehicles Ltd. | 0.47% | 0.22% |
| Cipla Ltd. | 0.40% | 0.21% |
| Britannia Industries Ltd. | 0.30% | 0.21% |
| Samvardhana Motherson International Ltd. | 0.38% | 0.20% |
| Jio Financial Services Ltd | 0.38% | 0.20% |
| Cholamandalam Investment And Finance Company Ltd. | 0.37% | 0.19% |
| Tata Consumer Products Ltd. | 0.32% | 0.17% |
| Tata Motors Passenger Vehicles Ltd. | 0.32% | 0.17% |
| Tata Power Company Ltd. | 0.32% | 0.17% |
| Avenue Supermarts Ltd. | 0.33% | 0.15% |
| Info Edge (India) Ltd. | 0.25% | 0.13% |
| GAIL (India) Ltd. | 0.24% | 0.13% |
| Bank Of Baroda | 0.23% | 0.13% |
| Torrent Pharmaceuticals Ltd. | 0.30% | 0.12% |
| DLF Ltd. | 0.23% | 0.12% |
| Jindal Steel Ltd. | 0.22% | 0.12% |
| United Spirits Ltd. | 0.21% | 0.12% |
| Rural Electrification Corporation Ltd. | 0.20% | 0.11% |
| LTIMindtree Ltd. | 0.20% | 0.09% |
| ABB India Ltd. | 0.19% | 0.09% |
| Godrej Consumer Products Ltd. | 0.18% | 0.09% |
| Lodha Developers Ltd | 0.18% | 0.09% |
| Siemens Ltd. | 0.18% | 0.09% |
| Union Bank Of India | 0.17% | 0.08% |
| Shree Cements Ltd. | 0.16% | 0.08% |
| SIEMENS ENERGY INDIA LTD | 0.15% | 0.08% |
| Havells India Ltd. | 0.13% | 0.07% |
| Ambuja Cements Ltd. | 0.12% | 0.07% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 36.8% means 36.8% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in ICICI Prudential BSE 500 ETF
| Security | % of fund |
|---|---|
| Adani Ports and Special Economic Zone Ltd. | 0.74% |
| JSW Steel Ltd. | 0.63% |
| Adani Enterprises Ltd. | 0.52% |
| Bajaj Finserv Ltd. | 0.51% |
| Lenskart Solutions Ltd. | 0.49% |
Largest holdings only in Invesco India Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| Invesco India Gold Exchange Traded Fund | 13.38% |
| Mirae Asset Nifty Midcap 150 ETF | 4.72% |
| ICICI Prudential Nifty Midcap 150 ETF | 4.72% |
| ICICI Prudential Silver ETF | 3.02% |
| Invesco India Ultra Short Term Fund - Direct Plan - Growth | 2.60% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential BSE 500 ETF | Invesco India Multi Asset Allocation |
|---|---|---|
| Equity | 100.0% | 48.5% |
| Debt | 0.0% | 14.6% |
| Cash and others | 0.0% | 36.9% |
Market cap of stocks
| Market cap | ICICI Prudential BSE 500 ETF | Invesco India Multi Asset Allocation |
|---|---|---|
| Large Cap | 67.1% | 36.1% |
| Mid Cap | 21.5% | 0.7% |
| Small Cap | 11.3% | 0.0% |
| Foreign stocks | 0.0% | 11.7% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | ICICI Prudential BSE 500 ETF | Invesco India Multi Asset Allocation |
|---|---|---|
| Banks | 19.5% | 11.2% |
| Other | 0.0% | 11.7% |
| Finance | 6.4% | 1.9% |
| Pharmaceuticals & Biotechnology | 5.8% | 1.3% |
| It - Software | 5.8% | 0.0% |
| Petroleum Products | 5.0% | 2.3% |
| Automobiles | 4.9% | 2.6% |
| IT - Software | 0.0% | 2.4% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential BSE 500 ETF vs Invesco India Multi Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential BSE 500 ETF | Invesco India Multi Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.54% |
| Base expense ratio (Direct) | 0.00% | 0.42% |
| Total expense ratio (Regular) | Not available | 1.68% |
| Base expense ratio (Regular) | 0.26% | 1.42% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
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ICICI Prudential BSE 500 ETF vs Invesco India Multi Asset Allocation Fund: Frequently Asked Questions
What is the difference between ICICI Prudential BSE 500 ETF and Invesco India Multi Asset Allocation Fund?
ICICI Prudential BSE 500 ETF is an ETF fund, Invesco India Multi Asset Allocation Fund is a Multi Asset fund, run by ICICI Prudential Mutual Fund and Invesco Mutual Fund. Their portfolios overlap 36.8%. ICICI Prudential BSE 500 ETF charges 0.33% a year and Invesco India Multi Asset Allocation Fund 0.54%.
Which has given higher returns, ICICI Prudential BSE 500 ETF or Invesco India Multi Asset Allocation Fund?
Over 1 year: ICICI Prudential BSE 500 ETF −7.94%, Invesco India Multi Asset Allocation Fund +5.24%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ICICI Prudential BSE 500 ETF or Invesco India Multi Asset Allocation Fund?
ICICI Prudential BSE 500 ETF charges less: 0.33% a year against 0.54%. These are the total expense ratios reported to AMFI.
How much do ICICI Prudential BSE 500 ETF and Invesco India Multi Asset Allocation Fund overlap?
36.8%. They hold 71 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Can I invest in both ICICI Prudential BSE 500 ETF and Invesco India Multi Asset Allocation Fund?
Yes. 36.8% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages ICICI Prudential BSE 500 ETF and Invesco India Multi Asset Allocation Fund?
ICICI Prudential BSE 500 ETF: Nishit Patel, Ajaykumar Solanki, Ashwini Shinde. Invesco India Multi Asset Allocation Fund: Taher Badshah, Krishna Cheemalapati, Amey Sathe.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.