Invesco India Gold ETF Fund of Fund vs Invesco India Multi Asset Allocation Fund
Direct Plan, Growth option · Data as on 30-10-2026
Invesco India Gold ETF Fund of Fund is a Fund of Funds fund and Invesco India Multi Asset Allocation Fund is a Multi Asset fund. In the year to 30-10-2026, Invesco India Gold ETF Fund of Fund (Direct) returned 16.7% and Invesco India Multi Asset Allocation Fund (Direct) returned 5.2%. Invesco India Gold ETF Fund of Fund charges 0.12% a year and Invesco India Multi Asset Allocation Fund 0.54% (Direct plans). Their portfolios overlap 13.4%: they hold 1 of the same security.
Invesco India Gold ETF Fund of Fund
Fund of Funds
- 1 year return
- 16.7%
- Expense ratio
- 0.12%
- NAV
- ₹40.67
Invesco India Multi Asset Allocation Fund
Multi Asset
- 1 year return
- 5.2%
- Expense ratio
- 0.54%
- NAV
- ₹12.25
Which is better, Invesco India Gold ETF Fund of 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 Gold ETF Fund of returned more over 1 year: 16.7% against 5.2%.
- Invesco India Gold ETF Fund of costs less: 0.12% a year against 0.54% (Direct plans).
- Invesco India Multi Asset Allocation fell less in its worst fall since 19-12-2024: −11.0% against −24.4%.
- Invesco India Multi Asset Allocation holds 11.7% of the fund in foreign stocks; Invesco India Gold ETF Fund of 0.0%.
- Invesco India Multi Asset Allocation is the larger fund: ₹1,213 Cr against ₹507 Cr.
- Their portfolios overlap 13.4%: 1 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 Gold ETF Fund of Fund | Invesco India Multi Asset Allocation Fund |
|---|---|---|
| Fund house | Invesco Mutual Fund | Invesco Mutual Fund |
| Category | Fund of Funds | Multi Asset |
| AUM | ₹507 Cr (30-09-2026) | ₹1,213 Cr (30-09-2026) |
| NAV | ₹40.67 (Direct) | ₹12.25 (Direct) |
| Expense ratio (Direct) | 0.12% | 0.54% |
| Expense ratio (Regular) | 0.56% | 1.68% |
| Riskometer | High | Very High |
| Benchmark | Gold Index | Nifty 200 TRI (60%) + CRISIL 10 Year Gilt Index (30%) + Domestic Price of Gold (5%) + Domestic Price of Silver (5%) |
| Launch date | 05-12-2011 | 18-12-2024 |
| Minimum investment | Not available | Not available |
| Lock in | None | None |
| Fund managers | Abhisek Bahinipati | Taher Badshah, Krishna Cheemalapati, Amey Sathe |
| Exit load | Exit load of 1%, if redeemed within 15 Days. | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 year. |
Invesco India Gold ETF Fund of 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 |
|---|---|---|---|---|---|---|---|
| Invesco India Gold ETF Fund of Fund (Direct) | −5.59% | −1.60% | −6.32% | +16.66% | +30.28% | +22.52% | +15.35% |
| 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.
Invesco India Gold ETF Fund of vs Invesco India Multi Asset Allocation: Year-wise Returns
| Year | Gold ETF Fund ofInvesco India Gold ETF Fund of | Multi Asset AllocationInvesco India Multi Asset Allocation |
|---|---|---|
| 2026to date | +5.22% | +0.16% |
| 2025 | +70.16% | +24.29% |
| 2024 | +19.09% | -- |
| 2023 | +14.83% | -- |
| 2022 | +13.14% | -- |
| 2021 | −5.15% | -- |
Invesco India Gold ETF Fund of vs Invesco India Multi Asset Allocation: Rolling Returns
Every holding period of both funds
Rolling returns
Every 1-year holding period, 211 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.
Invesco India Gold ETF Fund of Fund (Direct)
Invesco India Multi Asset Allocation Fund (Direct)
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Invesco India Gold ETF Fund of | 0.0 | 0.0 | 0.0 | 2.4 | 3.3 | 2.4 | 91.9 | 54.9% | 54.6% | 11.5% | 112.5% |
| 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% |
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. Every fund is measured over the days all of them have, from 19-12-2024. Past returns do not promise future returns.
Invesco India Gold ETF Fund of 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 |
|---|---|---|---|---|
| Invesco India Gold ETF Fund ofInvesco India Gold ETF Fund of Fund (Direct) | ₹2,30,000 | ₹2,83,474 | ₹53,474 | 22.6% |
| Invesco India Multi Asset AllocationInvesco India Multi Asset Allocation Fund (Direct) | ₹2,30,000 | ₹2,48,373 | ₹18,373 | 8.0% |
Invesco India Gold ETF Fund ofInvesco India Gold ETF Fund of Fund (Direct)
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.
Invesco India Gold ETF Fund of 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 | Invesco India Gold ETF Fund of Fund (Direct) | Invesco India Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +16.66% | +5.24% |
| Standard deviation | 33.29% | 11.42% |
| Sharpe ratio | 0.34 | -0.00 |
| Sortino ratio | 0.47 | -0.00 |
| Maximum drawdown | −24.4% (23-03-2026) | −11.0% (23-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
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 Gold ETF Fund of Fund (Direct) | Invesco India Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.31% | +12.18% |
| Standard deviation | 22.53% | 9.73% |
| Sharpe ratio | 0.19 | 0.68 |
| Sortino ratio | 0.27 | 0.93 |
| Maximum drawdown | −33.3% (22-01-2016) | −11.0% (23-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
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 Gold ETF Fund of Fund (Direct)
Invesco India Multi Asset Allocation Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Invesco India Gold ETF Fund of Fund (Direct) | −24.4% | 29-01-2026 | 23-03-2026 | Not yet | -- | −20.4% |
| Invesco India Multi Asset Allocation Fund (Direct) | −11.0% | 29-01-2026 | 23-03-2026 | 25-08-2026 | 5 months | −6.0% |
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.
Invesco India Gold ETF Fund of Fund (Direct)
Invesco India Multi Asset Allocation Fund (Direct)
Invesco India Gold ETF Fund of vs Invesco India Multi Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: Invesco India Gold ETF Fund of Fund, September 2026; Invesco India Multi Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 13.4%
- Held by both
- 1
- Only in Invesco India Gold ETF Fund of
- 0
- Only in Invesco India Multi Asset Allocation
- 92
| Security | % of Invesco India Gold ETF Fund of | % of Invesco India Multi Asset Allocation |
|---|---|---|
| Invesco India Gold Exchange Traded Fund | 95.34% | 13.38% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 13.4% means 13.4% 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 Gold ETF Fund of Fund
Every holding of this fund is also held by the other.
Largest holdings only in Invesco India Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| Mirae Asset Nifty Midcap 150 ETF | 4.72% |
| ICICI Prudential Nifty Midcap 150 ETF | 4.72% |
| HDFC Bank Limited | 4.23% |
| ICICI Bank Limited | 3.77% |
| ICICI Prudential Silver ETF | 3.02% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Invesco India Gold ETF Fund of | Invesco India Multi Asset Allocation |
|---|---|---|
| Equity | 0.0% | 48.5% |
| Debt | 0.0% | 14.6% |
| Cash and others | 100.0% | 36.9% |
Market cap of stocks
| Market cap | Invesco India Gold ETF Fund of | Invesco India Multi Asset Allocation |
|---|---|---|
| Large Cap | -- | 36.1% |
| Mid Cap | -- | 0.7% |
| Small Cap | -- | 0.0% |
| Foreign stocks | -- | 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 | Invesco India Gold ETF Fund of | Invesco India Multi Asset Allocation |
|---|---|---|
| Other | 0.0% | 11.7% |
| Banks | 0.0% | 11.2% |
| Automobiles | 0.0% | 2.6% |
| IT - Software | 0.0% | 2.4% |
| Petroleum Products | 0.0% | 2.3% |
| Finance | 0.0% | 1.9% |
The six largest sectors of each fund's stocks, % of the fund.
Invesco India Gold ETF Fund of vs Invesco India Multi Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Invesco India Gold ETF Fund of Fund | Invesco India Multi Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.12% | 0.54% |
| Base expense ratio (Direct) | 0.09% | 0.42% |
| Total expense ratio (Regular) | 0.56% | 1.68% |
| Base expense ratio (Regular) | 0.47% | 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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Invesco India Gold ETF Fund of Fund vs Invesco India Multi Asset Allocation Fund: Frequently Asked Questions
What is the difference between Invesco India Gold ETF Fund of Fund and Invesco India Multi Asset Allocation Fund?
Invesco India Gold ETF Fund of Fund is a Fund of Funds fund, Invesco India Multi Asset Allocation Fund is a Multi Asset fund, run by Invesco Mutual Fund. Their portfolios overlap 13.4%. Invesco India Gold ETF Fund of Fund charges 0.12% a year and Invesco India Multi Asset Allocation Fund 0.54%.
Which has given higher returns, Invesco India Gold ETF Fund of Fund or Invesco India Multi Asset Allocation Fund?
Over 1 year: Invesco India Gold ETF Fund of Fund +16.66%, 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, Invesco India Gold ETF Fund of Fund or Invesco India Multi Asset Allocation Fund?
Invesco India Gold ETF Fund of Fund charges less: 0.12% a year against 0.54%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Invesco India Gold ETF Fund of Fund and Invesco India Multi Asset Allocation Fund overlap?
13.4%. They hold 1 of the same securities, the largest shared ones being IVZINGOLD. From each fund's latest monthly portfolio.
Which is riskier, Invesco India Gold ETF Fund of Fund or Invesco India Multi Asset Allocation Fund?
On SEBI's riskometer, Invesco India Gold ETF Fund of Fund is rated High and Invesco India Multi Asset Allocation Fund Very High. Over 1 years, the standard deviation of daily returns was 33.29% and 11.42% a year.
Can I invest in both Invesco India Gold ETF Fund of Fund and Invesco India Multi Asset Allocation Fund?
Yes. 13.4% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Invesco India Gold ETF Fund of Fund and Invesco India Multi Asset Allocation Fund?
Invesco India Gold ETF Fund of Fund: Abhisek Bahinipati. 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.