Invesco India Balanced Advantage Fund vs JioBlackRock Nifty 50 Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Invesco India Balanced Advantage Fund is a Balanced Advantage fund and JioBlackRock Nifty 50 Index Fund is an Index fund. In the year to 30-10-2026, Invesco India Balanced Advantage Fund (Direct) returned −4.0% and JioBlackRock Nifty 50 Index Fund (Direct) returned −10.1%. Invesco India Balanced Advantage Fund charges 1.19% a year and JioBlackRock Nifty 50 Index Fund 0.22% (Direct plans). Their portfolios overlap 48.0%: they hold 23 of the same securities.
Invesco India Balanced Advantage Fund
Balanced Advantage
- 1 year return
- −4.0%
- Expense ratio
- 1.19%
- NAV
- ₹62.68
JioBlackRock Nifty 50 Index Fund
Index
- 1 year return
- −10.1%
- Expense ratio
- 0.22%
- NAV
- ₹9.36
Which is better, Invesco India Balanced Advantage or JioBlackRock Nifty 50 Index? 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 Balanced Advantage returned more over 1 year: −4.0% against −10.1%.
- JioBlackRock Nifty 50 Index costs less: 0.22% a year against 1.19% (Direct plans).
- Invesco India Balanced Advantage fell less in its worst fall since 22-08-2025: −10.5% against −15.1%.
- JioBlackRock Nifty 50 Index holds more in large companies: 98.9% of the fund in large caps against 60.6%.
- Invesco India Balanced Advantage is the larger fund: ₹903 Cr against ₹264 Cr.
- Their portfolios overlap 48.0%: 23 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 | Invesco India Balanced Advantage Fund | JioBlackRock Nifty 50 Index Fund |
|---|---|---|
| Fund house | Invesco Mutual Fund | Jio BlackRock Mutual Fund |
| Category | Balanced Advantage | Index |
| AUM | ₹903 Cr (30-09-2026) | ₹264 Cr (30-09-2026) |
| NAV | ₹62.68 (Direct) | ₹9.36 (Direct) |
| Expense ratio (Direct) | 1.19% | 0.22% |
| Expense ratio (Regular) | 2.43% | 0.66% |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY 50 Hybrid Composite Debt 50:50 Index | Nifty 500 TRI |
| Launch date | 04-10-2007 | 18-08-2025 |
| Minimum investment | Not available | ₹500 |
| Lock in | None | None |
| Fund managers | Krishna Cheemalapati, Deepak Gupta, Amey Sathe | Tanvi Kacheria, Anand Shah, Haresh Mehta |
| Exit load | Exit load for units in excess of 10% of the investment, 0.25% will be charged for redemption within 3 months. | Nil |
Invesco India Balanced Advantage vs JioBlackRock Nifty 50 Index: 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 |
|---|---|---|---|---|---|---|---|
| Invesco India Balanced Advantage Fund (Direct) | +1.54% | −1.38% | +1.90% | −4.00% | +9.18% | +8.52% | +9.78% |
| JioBlackRock Nifty 50 Index Fund (Direct) | +1.94% | −5.03% | −3.17% | −10.07% | -- | -- | -- |
| Balanced Advantage average | −0.55% | −2.88% | +0.08% | −2.08% | +9.14% | +8.35% | +9.91% |
Category average: the average of the 38 Balanced Advantage funds, same plan type.
Invesco India Balanced Advantage vs JioBlackRock Nifty 50 Index: Year-wise Returns
| Year | Invesco India Balanced AdvantageInvesco India Balanced Advantage | JioBlackRock Nifty 50 IndexJioBlackRock Nifty 50 Index |
|---|---|---|
| 2026to date | −3.82% | −10.93% |
| 2025 | +4.09% | -- |
| 2024 | +17.45% | -- |
| 2023 | +21.77% | -- |
| 2022 | +5.47% | -- |
| 2021 | +14.61% | -- |
Invesco India Balanced Advantage vs JioBlackRock Nifty 50 Index: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of JioBlackRock Nifty 50 Index Fund
Rolling returns
Every 1-year holding period, 45 of them, one for each trading day from 24-08-2026 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.
Invesco India Balanced Advantage Fund (Direct)
JioBlackRock Nifty 50 Index Fund (Direct)
Nifty 500 TRI
to
Aug 2026Sept 2025
to
Sept 2026Sept 2025
to
Sept 2026Oct 2025
to
Oct 2026Oct 2025
to
Oct 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Invesco India Balanced Advantage | 95.6 | 4.4 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −2.4% | −2.6% | −4.9% | 0.4% | 40% |
| JioBlackRock Nifty 50 Index | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −6.6% | −7.1% | −11.8% | −0.4% | 0% |
| Nifty 500 TRI | 68.9 | 26.7 | 4.4 | 0.0 | 0.0 | 0.0 | 0.0 | −1.8% | −2.0% | −9.0% | 5.3% | -- |
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 Nifty 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 22-08-2025. Past returns do not promise future returns.
Invesco India Balanced Advantage vs JioBlackRock Nifty 50 Index: 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 01-08-2025 to 30-10-2026: 15 instalments, ₹1,50,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Invesco India Balanced AdvantageInvesco India Balanced Advantage Fund (Direct) | ₹1,50,000 | ₹1,48,929 | −₹1,071 | −1.1% |
| JioBlackRock Nifty 50 IndexJioBlackRock Nifty 50 Index Fund (Direct) | ₹1,50,000 | ₹1,42,274 | −₹7,726 | −7.8% |
Invesco India Balanced AdvantageInvesco India Balanced Advantage Fund (Direct)
JioBlackRock Nifty 50 IndexJioBlackRock Nifty 50 Index 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.
Invesco India Balanced Advantage vs JioBlackRock Nifty 50 Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Invesco India Balanced Advantage Fund (Direct) | JioBlackRock Nifty 50 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −4.00% | −10.07% |
| Standard deviation | 8.50% | 13.62% |
| Sharpe ratio | -1.09 | -1.12 |
| Sortino ratio | -1.46 | -1.50 |
| Maximum drawdown | −10.5% (30-03-2026) | −15.1% (30-03-2026) |
| Beta | -- | 0.91 |
| Alpha | -- | −3.83% |
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 | Invesco India Balanced Advantage Fund (Direct) | JioBlackRock Nifty 50 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.56% | −5.42% |
| Standard deviation | 10.75% | 12.90% |
| Sharpe ratio | 0.51 | -0.83 |
| Sortino ratio | 0.70 | -1.12 |
| Maximum drawdown | −26.5% (23-03-2020) | −15.1% (30-03-2026) |
| Beta | -- | 0.91 |
| Alpha | -- | −2.94% |
From daily NAVs, 02-01-2013 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.
Invesco India Balanced Advantage Fund (Direct)
JioBlackRock Nifty 50 Index Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Invesco India Balanced Advantage Fund (Direct) | −10.5% | 28-11-2025 | 30-03-2026 | Not yet | -- | −4.6% |
| JioBlackRock Nifty 50 Index Fund (Direct) | −15.1% | 02-01-2026 | 30-03-2026 | Not yet | -- | −11.6% |
| Nifty 500 TRI | −14.7% | 02-01-2026 | 30-03-2026 | Not yet | -- | −8.4% |
From daily values since 22-08-2025, 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.
Invesco India Balanced Advantage Fund (Direct)
JioBlackRock Nifty 50 Index Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Invesco India Balanced Advantage Fund (Direct) | 51% | 53% | 8.45% |
| JioBlackRock Nifty 50 Index Fund (Direct) | 79% | 95% | 4.48% |
From month-end values since 22-08-2025. 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.
Invesco India Balanced Advantage vs JioBlackRock Nifty 50 Index: Portfolio Overlap
From each fund's latest monthly portfolio: Invesco India Balanced Advantage Fund, September 2026; JioBlackRock Nifty 50 Index Fund, September 2026
Holdings in common
- Overlap
- 48.0%
- Held by both
- 23
- Only in Invesco India Balanced Advantage
- 35
- Only in JioBlackRock Nifty 50 Index
- 27
| Security | % of Invesco India Balanced Advantage | % of JioBlackRock Nifty 50 Index |
|---|---|---|
| HDFC Bank Limited | 8.28% | 10.40% |
| Reliance Industries Limited | 6.66% | 7.60% |
| ICICI Bank Limited | 5.12% | 9.07% |
| Infosys Limited | 2.97% | 3.36% |
| Kotak Mahindra Bank Ltd | 3.46% | 2.94% |
| Axis Bank Limited | 2.38% | 3.38% |
| Eternal Limited | 2.57% | 2.22% |
| Tata Consultancy Services Limited | 2.50% | 2.01% |
| Larsen & Toubro Limited | 2.00% | 4.22% |
| ITC Limited | 1.89% | 2.43% |
| Hindustan Unilever Limited | 1.52% | 1.60% |
| UltraTech Cement Limited | 1.66% | 1.24% |
| Bajaj Finance Ltd | 1.24% | 2.51% |
| Grasim Industries Limited | 1.19% | 1.11% |
| InterGlobe Aviation Limited | 1.27% | 1.08% |
| Tech Mahindra Limited | 1.28% | 0.93% |
| Bharti Airtel Limited | 0.84% | 5.12% |
| Trent Limited | 1.48% | 0.84% |
| SBI Life Insurance Company Limited | 1.97% | 0.73% |
| Cipla Limited | 1.00% | 0.73% |
| Bajaj Auto Limited | 0.64% | 1.14% |
| Apollo Hospitals Enterprise Limited | 0.57% | 0.80% |
| Jio Financial Services Limited | 0.06% | 0.68% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 48.0% means 48.0% 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 Invesco India Balanced Advantage Fund
| Security | % of fund |
|---|---|
| 7.96% Pipeline Infrastructure Private Limited 2027 | 3.88% |
| 9.25% Bahadur Chand Investments Pvt Limited 2028 | 2.77% |
| 7.64% National Bank For Agriculture and Rural Development 2029 | 2.75% |
| 7.42% Small Industries Dev Bank of India 2029 | 2.74% |
| Adani Enterprises Limited 2026 | 2.73% |
Largest holdings only in JioBlackRock Nifty 50 Index Fund
| Security | % of fund |
|---|---|
| State Bank of India | 3.80% |
| Mahindra & Mahindra Ltd | 2.52% |
| Sun Pharmaceutical Industries Ltd | 1.84% |
| Titan Co Ltd | 1.82% |
| Maruti Suzuki India Ltd | 1.49% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Invesco India Balanced Advantage | JioBlackRock Nifty 50 Index |
|---|---|---|
| Equity | 70.6% | 100.3% |
| Debt | 26.2% | 0.0% |
| Cash and others | 3.2% | -0.3% |
Market cap of stocks
| Market cap | Invesco India Balanced Advantage | JioBlackRock Nifty 50 Index |
|---|---|---|
| Large Cap | 60.6% | 98.9% |
| Mid Cap | 4.4% | 1.4% |
| Small Cap | 4.0% | 0.0% |
| Not on AMFI's list | 1.6% | 0.0% |
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 | Invesco India Balanced Advantage | JioBlackRock Nifty 50 Index |
|---|---|---|
| Banks | 19.5% | 29.6% |
| Petroleum Products | 6.7% | 7.6% |
| IT - Software | 6.8% | 7.5% |
| Automobiles | 1.9% | 6.7% |
| Finance | 2.8% | 5.5% |
| Telecom - Services | 0.8% | 5.1% |
| Insurance | 4.1% | 1.3% |
| Retailing | 4.0% | 3.1% |
| Diversified FMCG | 3.4% | 4.0% |
The six largest sectors of each fund's stocks, % of the fund.
Invesco India Balanced Advantage vs JioBlackRock Nifty 50 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Invesco India Balanced Advantage Fund | JioBlackRock Nifty 50 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.19% | 0.22% |
| Base expense ratio (Direct) | 0.76% | 0.09% |
| Total expense ratio (Regular) | 2.43% | 0.66% |
| Base expense ratio (Regular) | 1.84% | 0.42% |
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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Invesco India Balanced Advantage Fund vs JioBlackRock Nifty 50 Index Fund: Frequently Asked Questions
What is the difference between Invesco India Balanced Advantage Fund and JioBlackRock Nifty 50 Index Fund?
Invesco India Balanced Advantage Fund is a Balanced Advantage fund, JioBlackRock Nifty 50 Index Fund is an Index fund, run by Invesco Mutual Fund and Jio BlackRock Mutual Fund. Their portfolios overlap 48.0%. Invesco India Balanced Advantage Fund charges 1.19% a year and JioBlackRock Nifty 50 Index Fund 0.22%.
Which has given higher returns, Invesco India Balanced Advantage Fund or JioBlackRock Nifty 50 Index Fund?
Over 1 year: Invesco India Balanced Advantage Fund −4.00%, JioBlackRock Nifty 50 Index Fund −10.07%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Invesco India Balanced Advantage Fund or JioBlackRock Nifty 50 Index Fund?
JioBlackRock Nifty 50 Index Fund charges less: 0.22% a year against 1.19%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Invesco India Balanced Advantage Fund and JioBlackRock Nifty 50 Index Fund overlap?
48.0%. They hold 23 of the same securities, the largest shared ones being HDFCBANK, RELIANCE, ICICIBANK. From each fund's latest monthly portfolio.
Which is riskier, Invesco India Balanced Advantage Fund or JioBlackRock Nifty 50 Index Fund?
On SEBI's riskometer, Invesco India Balanced Advantage Fund is rated Very High and JioBlackRock Nifty 50 Index Fund Very High. Over 1 years, the standard deviation of daily returns was 8.50% and 13.62% a year.
Can I invest in both Invesco India Balanced Advantage Fund and JioBlackRock Nifty 50 Index Fund?
Yes. 48.0% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Invesco India Balanced Advantage Fund and JioBlackRock Nifty 50 Index Fund?
Invesco India Balanced Advantage Fund: Krishna Cheemalapati, Deepak Gupta, Amey Sathe. JioBlackRock Nifty 50 Index Fund: Tanvi Kacheria, Anand Shah, Haresh Mehta.
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.