Invesco India Balanced Advantage Fund vs SBI NIFTY Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Invesco India Balanced Advantage Fund is a Balanced Advantage fund and SBI NIFTY Index Fund is an Index fund. In the 3 years to 30-10-2026, Invesco India Balanced Advantage Fund (Direct) returned 9.2% a year and SBI NIFTY Index Fund (Direct) returned 7.3% a year. Invesco India Balanced Advantage Fund charges 1.19% a year and SBI NIFTY Index Fund 0.24% (Direct plans). Their portfolios overlap 48.0%: they hold 23 of the same securities.
Invesco India Balanced Advantage Fund
Balanced Advantage
- 3 year return
- 9.2%
- Expense ratio
- 1.19%
- NAV
- ₹62.68
Which is better, Invesco India Balanced Advantage or SBI NIFTY 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 5 years: 8.5% a year against 6.4%.
- Invesco India Balanced Advantage returned more over 3 years: 9.2% a year against 7.3%.
- SBI NIFTY Index costs less: 0.24% a year against 1.19% (Direct plans).
- Invesco India Balanced Advantage swung less over 3 years: a standard deviation of 8.4% a year against 13.2%.
- Invesco India Balanced Advantage fell less in its worst fall since 02-01-2013: −26.5% against −38.4%.
- SBI NIFTY Index holds more in large companies: 98.8% of the fund in large caps against 60.6%.
- SBI NIFTY Index is the larger fund: ₹13,190 Cr against ₹903 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 | SBI NIFTY Index Fund |
|---|---|---|
| Fund house | Invesco Mutual Fund | SBI Mutual Fund |
| Category | Balanced Advantage | Index |
| AUM | ₹903 Cr (30-09-2026) | ₹13,190 Cr (30-09-2026) |
| NAV | ₹62.68 (Direct) | ₹215.76 (Direct) |
| Expense ratio (Direct) | 1.19% | 0.24% |
| Expense ratio (Regular) | 2.43% | 0.44% |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY 50 Hybrid Composite Debt 50:50 Index | Nifty 50 TRI |
| Launch date | 04-10-2007 | 17-01-2002 |
| Minimum investment | Not available | ₹5,000 |
| Lock in | None | None |
| Fund managers | Krishna Cheemalapati, Deepak Gupta, Amey Sathe | Raviprakash Sharma |
| Exit load | Exit load for units in excess of 10% of the investment, 0.25% will be charged for redemption within 3 months. | Exit load of 0.25% if redeemed within 30 days |
Invesco India Balanced Advantage vs SBI NIFTY 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% |
| SBI NIFTY Index Fund (Direct) | +1.94% | −5.06% | −3.24% | −10.22% | +7.34% | +6.43% | +11.22% |
| 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 SBI NIFTY Index: Year-wise Returns
| Year | Invesco India Balanced AdvantageInvesco India Balanced Advantage | SBI NIFTY IndexSBI NIFTY Index |
|---|---|---|
| 2026to date | −3.82% | −11.09% |
| 2025 | +4.09% | +11.58% |
| 2024 | +17.45% | +9.80% |
| 2023 | +21.77% | +21.04% |
| 2022 | +5.47% | +5.43% |
| 2021 | +14.61% | +25.10% |
Invesco India Balanced Advantage vs SBI NIFTY Index: Rolling Returns
Every holding period of both funds, against Nifty 50 TRI, the benchmark of SBI NIFTY Index Fund
Rolling returns
Every 3-year holding period, 2,666 of them, one for each trading day from 04-01-2016 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)
SBI NIFTY Index Fund (Direct)
Nifty 50 TRI
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025
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 | 0.1 | 6.7 | 21.3 | 55.9 | 14.9 | 1.2 | 0.0 | 11.9% | 12.7% | −1.2% | 21.5% | 42% |
| SBI NIFTY Index | 0.9 | 3.3 | 22.7 | 45.2 | 21.8 | 4.4 | 1.6 | 12.7% | 12.9% | −4.9% | 31.8% | 0% |
| Nifty 50 TRI | 0.7 | 2.8 | 19.6 | 43.2 | 27.0 | 4.8 | 1.8 | 13.3% | 13.4% | −4.5% | 32.4% | -- |
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 50 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 02-01-2013. Past returns do not promise future returns.
Invesco India Balanced Advantage vs SBI NIFTY 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 02-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Invesco India Balanced AdvantageInvesco India Balanced Advantage Fund (Direct) | ₹16,60,000 | ₹34,90,888 | ₹18,30,888 | 10.1% |
| SBI NIFTY IndexSBI NIFTY Index Fund (Direct) | ₹16,60,000 | ₹36,28,395 | ₹19,68,395 | 10.6% |
Invesco India Balanced AdvantageInvesco India Balanced Advantage Fund (Direct)
SBI NIFTY IndexSBI NIFTY 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 SBI NIFTY 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) | SBI NIFTY Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −4.00% | −10.22% |
| Standard deviation | 8.50% | 13.62% |
| Sharpe ratio | -1.09 | -1.14 |
| Sortino ratio | -1.46 | -1.52 |
| Maximum drawdown | −10.5% (30-03-2026) | −15.1% (31-03-2026) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.23% |
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) | SBI NIFTY Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.18% | +7.34% |
| Standard deviation | 8.37% | 13.21% |
| Sharpe ratio | 0.38 | 0.10 |
| Sortino ratio | 0.52 | 0.14 |
| Maximum drawdown | −10.5% (30-03-2026) | −15.5% (04-03-2025) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.29% |
From daily NAVs, 30-10-2023 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) | SBI NIFTY Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.52% | +6.43% |
| Standard deviation | 8.55% | 13.69% |
| Sharpe ratio | 0.32 | 0.05 |
| Sortino ratio | 0.43 | 0.06 |
| Maximum drawdown | −11.1% (20-06-2022) | −15.9% (17-06-2022) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.27% |
From daily NAVs, 29-10-2021 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) | SBI NIFTY Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.56% | +10.95% |
| Standard deviation | 10.75% | 15.84% |
| Sharpe ratio | 0.51 | 0.31 |
| Sortino ratio | 0.70 | 0.42 |
| Maximum drawdown | −26.5% (23-03-2020) | −38.4% (23-03-2020) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.62% |
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)
SBI NIFTY Index Fund (Direct)
Nifty 50 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) | −26.5% | 20-02-2020 | 23-03-2020 | 05-11-2020 | 7 months | −4.6% |
| SBI NIFTY Index Fund (Direct) | −38.4% | 14-01-2020 | 23-03-2020 | 09-11-2020 | 8 months | −11.8% |
| Nifty 50 TRI | −38.3% | 14-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −11.6% |
From daily values since 02-01-2013, 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)
SBI NIFTY Index Fund (Direct)
Nifty 50 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Invesco India Balanced Advantage Fund (Direct)
SBI NIFTY Index Fund (Direct)
Nifty 50 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Invesco India Balanced Advantage Fund (Direct)
SBI NIFTY Index Fund (Direct)
Nifty 50 TRI
Against Nifty 50 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Invesco India Balanced Advantage Fund (Direct) | 71% | 51% | 7.49% |
| SBI NIFTY Index Fund (Direct) | 99% | 101% | 0.34% |
From month-end values since 02-01-2013. 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 SBI NIFTY Index: Portfolio Overlap
From each fund's latest monthly portfolio: Invesco India Balanced Advantage Fund, September 2026; SBI NIFTY Index Fund, September 2026
Holdings in common
- Overlap
- 48.0%
- Held by both
- 23
- Only in Invesco India Balanced Advantage
- 35
- Only in SBI NIFTY Index
- 27
| Security | % of Invesco India Balanced Advantage | % of SBI NIFTY 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% | 3.37% |
| Eternal Limited | 2.57% | 2.22% |
| Tata Consultancy Services Limited | 2.50% | 2.00% |
| Larsen & Toubro Limited | 2.00% | 4.21% |
| 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% |
| Trent Limited | 1.48% | 0.84% |
| Bharti Airtel Limited | 0.84% | 5.12% |
| 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 SBI NIFTY Index Fund
| Security | % of fund |
|---|---|
| State Bank of India | 3.80% |
| Mahindra & Mahindra Ltd. | 2.52% |
| Sun Pharmaceutical Industries Ltd. | 1.84% |
| Titan Company Ltd. | 1.81% |
| 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 | SBI NIFTY Index |
|---|---|---|
| Equity | 70.6% | 100.2% |
| Debt | 26.2% | 0.0% |
| Cash and others | 3.2% | -0.2% |
Market cap of stocks
| Market cap | Invesco India Balanced Advantage | SBI NIFTY Index |
|---|---|---|
| Large Cap | 60.6% | 98.8% |
| 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 | SBI NIFTY 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 SBI NIFTY Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Invesco India Balanced Advantage Fund | SBI NIFTY Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.19% | 0.24% |
| Base expense ratio (Direct) | 0.76% | 0.16% |
| Total expense ratio (Regular) | 2.43% | 0.44% |
| Base expense ratio (Regular) | 1.84% | 0.33% |
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
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Invesco India Balanced Advantage Fund vs SBI NIFTY Index Fund: Frequently Asked Questions
What is the difference between Invesco India Balanced Advantage Fund and SBI NIFTY Index Fund?
Invesco India Balanced Advantage Fund is a Balanced Advantage fund, SBI NIFTY Index Fund is an Index fund, run by Invesco Mutual Fund and SBI Mutual Fund. Their portfolios overlap 48.0%. Invesco India Balanced Advantage Fund charges 1.19% a year and SBI NIFTY Index Fund 0.24%.
Which has given higher returns, Invesco India Balanced Advantage Fund or SBI NIFTY Index Fund?
Over 1 year: Invesco India Balanced Advantage Fund −4.00%, SBI NIFTY Index Fund −10.22%. Over 3 years: Invesco India Balanced Advantage Fund +9.18% a year, SBI NIFTY Index Fund +7.34% a year. Over 5 years: Invesco India Balanced Advantage Fund +8.52% a year, SBI NIFTY Index Fund +6.43% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Invesco India Balanced Advantage Fund or SBI NIFTY Index Fund?
SBI NIFTY Index Fund charges less: 0.24% 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 SBI NIFTY 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 SBI NIFTY Index Fund?
On SEBI's riskometer, Invesco India Balanced Advantage Fund is rated Very High and SBI NIFTY Index Fund Very High. Over 3 years, the standard deviation of daily returns was 8.37% and 13.21% a year.
Which is better for SIP, Invesco India Balanced Advantage Fund or SBI NIFTY Index Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,38,924 in Invesco India Balanced Advantage Fund (XIRR 7.5% a year) and ₹6,92,459 in SBI NIFTY Index Fund (XIRR 4.9% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Invesco India Balanced Advantage Fund and SBI NIFTY 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 SBI NIFTY Index Fund?
Invesco India Balanced Advantage Fund: Krishna Cheemalapati, Deepak Gupta, Amey Sathe. SBI NIFTY Index Fund: Raviprakash Sharma.
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.