Invesco India Multi Asset Allocation Fund vs Motilal Oswal Nifty 500 ETF

Direct Plan where a fund has one, Growth option · Data as on 30-10-2026

Invesco India Multi Asset Allocation Fund is a Multi Asset fund and Motilal Oswal Nifty 500 ETF is an ETF fund. In the year to 30-10-2026, Invesco India Multi Asset Allocation Fund (Direct) returned 5.2% and Motilal Oswal Nifty 500 ETF returned −7.5%. Invesco India Multi Asset Allocation Fund charges 0.54% a year and Motilal Oswal Nifty 500 ETF 0.39%. Their portfolios overlap 36.8%: they hold 71 of the same securities.

Invesco India Multi Asset Allocation Fund

Multi Asset

1 year return: 5.2%
Expense ratio: 0.54%
NAV: ₹12.25

See Invesco India Multi Asset Allocation Fund

Motilal Oswal Nifty 500 ETF

ETF

1 year return: −7.5%
Expense ratio: 0.39%
NAV: ₹22.42

See Motilal Oswal Nifty 500 ETF

Which is better, Invesco India Multi Asset Allocation or Motilal Oswal Nifty 500 ETF? 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 −7.5%.
Motilal Oswal Nifty 500 ETF costs less: 0.39% a year against 0.54%.
Invesco India Multi Asset Allocation fell less in its worst fall since 19-12-2024: −11.0% against −14.7%.
Invesco India Multi Asset Allocation holds 11.7% of the fund in foreign stocks; Motilal Oswal Nifty 500 ETF 0.0%.
Motilal Oswal Nifty 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 ₹299 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.

NAV comparison

How each fund's NAV moved over the same days, as % change since the first day of the range

Invesco India Multi Asset Allocation Fund (Direct)
+23.9%
Motilal Oswal Nifty 500 ETF
−0.9%

Change in NAV from 19-12-2024 to 30-10-2026

−10%0%+10%+20%+30%+40%

Key facts

From each fund's scheme summary document and AMFI

Fact	Invesco India Multi Asset Allocation Fund	Motilal Oswal Nifty 500 ETF
Fund house	Invesco Mutual Fund	Motilal Oswal Mutual Fund
Category	Multi Asset	ETF
AUM	₹1,213 Cr (30-09-2026)	₹299 Cr (30-09-2026)
NAV	₹12.25 (Direct)	₹22.42
Expense ratio (Direct)	0.54%	Not available
Expense ratio (Regular)	1.68%	Not available
Riskometer	Very High	Very High
Benchmark	Nifty 200 TRI (60%) + CRISIL 10 Year Gilt Index (30%) + Domestic Price of Gold (5%) + Domestic Price of Silver (5%)	Nifty 500 TRI
Launch date	18-12-2024	29-09-2023
Minimum investment	Not available	On the Exchange: As the Scheme would be listed on the exchange, the investor can buy units on an ongoing basis on NSE at the traded prices which may be close to the actual NAV of the Scheme. The units are purchased in round lots of 1 unit. Directly with t
Lock in	None	None
Fund managers	Taher Badshah, Krishna Cheemalapati, Amey Sathe	Swapnil Mayekar, Rakesh Shetty
Exit load	Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 year.	Nil

Invesco India Multi Asset Allocation vs Motilal Oswal Nifty 500 ETF: 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 Multi Asset Allocation Fund (Direct)	−0.89%	−3.16%	−1.29%	+5.24%	--	--	--
Motilal Oswal Nifty 500 ETF	−0.76%	−6.10%	−2.94%	−7.51%	+9.98%	--	--
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 Multi Asset Allocation vs Motilal Oswal Nifty 500 ETF: Year-wise Returns

Year	Invesco India Multi Asset AllocationInvesco India Multi Asset Allocation	Motilal Oswal Nifty 500 ETFMotilal Oswal Nifty 500 ETF
2026to date	+0.16%	−7.67%
2025	+24.29%	+7.60%
2024	--	+15.93%

Invesco India Multi Asset Allocation vs Motilal Oswal Nifty 500 ETF: Rolling Returns

Every holding period of both funds, against Nifty 500 TRI, the benchmark of Motilal Oswal Nifty 500 ETF

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.

−10%0%10%20%30%40%

Jan 2025
to
Jan 2026Mar 2025
to
Mar 2026Apr 2025
to
Apr 2026Jun 2025
to
Jun 2026Aug 2025
to
Aug 2026Oct 2025
to
Oct 2026

Invesco India Multi Asset Allocation Fund (Direct)Motilal Oswal Nifty 500 ETFNifty 500 TRI

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 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%
Motilal Oswal Nifty 500 ETF	30.2	30.2	27.4	10.4	1.9	0.0	0.0	3.4%	2.6%	−9.1%	15.8%	0%
Nifty 500 TRI	28.0	31.3	28.4	9.5	2.8	0.0	0.0	3.5%	2.7%	−9.0%	15.9%	--

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 19-12-2024. Past returns do not promise future returns.

Invesco India Multi Asset Allocation vs Motilal Oswal Nifty 500 ETF: 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

Every month₹

Step up each year

PeriodFor

₹10,000 on the first trading day of every month, from 19-12-2024 to 30-10-2026: 23 instalments, ₹2,30,000 in all.

Investment	Invested	Value now	Gain	Return a year
Invesco India Multi Asset AllocationInvesco India Multi Asset Allocation Fund (Direct)	₹2,30,000	₹2,48,373	₹18,373	8.0%
Motilal Oswal Nifty 500 ETFMotilal Oswal Nifty 500 ETF	₹2,30,000	₹2,24,996	−₹5,004	−2.2%

₹0₹50,000₹1.0 L₹1.5 L₹2.0 L₹2.5 L

20252026

Invesco India Multi Asset AllocationInvesco India Multi Asset Allocation Fund (Direct)Motilal Oswal Nifty 500 ETFMotilal Oswal Nifty 500 ETFAmount 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 Multi Asset Allocation vs Motilal Oswal Nifty 500 ETF: Risk and Drawdowns

How much each fund swings, and the worst fall over the same days

Risk and return

Measure	Invesco India Multi Asset Allocation Fund (Direct)	Motilal Oswal Nifty 500 ETF
Return (CAGR)	+5.24%	−7.51%
Standard deviation	11.42%	14.51%
Sharpe ratio	-0.00	-0.88
Sortino ratio	-0.00	-1.17
Maximum drawdown	−11.0% (23-03-2026)	−14.7% (31-03-2026)
Beta	--	1.00
Alpha	--	−0.18%

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 Multi Asset Allocation Fund (Direct)	Motilal Oswal Nifty 500 ETF
Return (CAGR)	+12.18%	+8.80%
Standard deviation	9.73%	14.25%
Sharpe ratio	0.68	0.19
Sortino ratio	0.93	0.26
Maximum drawdown	−11.0% (23-03-2026)	−18.6% (28-02-2025)
Beta	--	1.00
Alpha	--	−0.23%

From daily NAVs, 19-12-2024 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.

−15%−10%−5%0%

20252026

Invesco India Multi Asset Allocation Fund (Direct)Motilal Oswal Nifty 500 ETFNifty 500 TRI

Fund	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
Invesco India Multi Asset Allocation Fund (Direct)	−11.0%	29-01-2026	23-03-2026	25-08-2026	5 months	−6.0%
Motilal Oswal Nifty 500 ETF	−14.7%	02-01-2026	31-03-2026	Not yet	--	−8.5%
Nifty 500 TRI	−14.7%	02-01-2026	30-03-2026	Not yet	--	−8.4%

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.

0%5%10%15%

2026

Invesco India Multi Asset Allocation Fund (Direct)Motilal Oswal Nifty 500 ETFNifty 500 TRI

Against Nifty 500 TRI

Fund	Up capture	Down capture	Tracking error
Invesco India Multi Asset Allocation Fund (Direct)	68%	11%	10.80%
Motilal Oswal Nifty 500 ETF	99%	100%	0.03%

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.

Invesco India Multi Asset Allocation vs Motilal Oswal Nifty 500 ETF: Portfolio Overlap

From each fund's latest monthly portfolio: Invesco India Multi Asset Allocation Fund, September 2026; Motilal Oswal Nifty 500 ETF, September 2026

Holdings in common

Overlap: 36.8%
Held by both: 71
Only in Invesco India Multi Asset Allocation: 22
Only in Motilal Oswal Nifty 500 ETF: 426

Security	% of Invesco India Multi Asset Allocation	% of Motilal Oswal Nifty 500 ETF
HDFC Bank Limited	4.23%	5.66%
ICICI Bank Limited	3.77%	4.93%
Reliance Industries Limited	2.03%	4.13%
Bharti Airtel Limited	1.87%	2.78%
Larsen & Toubro Limited	1.67%	2.29%
Infosys Limited	1.16%	1.83%
State Bank of India	1.13%	2.06%
Bajaj Finance Ltd	1.00%	1.36%
Axis Bank Limited	0.99%	1.84%
Mahindra & Mahindra Limited	0.98%	1.37%
ITC Limited	0.95%	1.32%
Kotak Mahindra Bank Ltd	0.87%	1.60%
Titan Company Limited	0.71%	0.99%
Hindustan Unilever Limited	0.62%	0.87%
Sun Pharmaceutical Industries Limited	0.60%	1.00%
Eternal Limited	0.58%	1.21%
Tata Consultancy Services Limited	0.56%	1.09%
Tata Steel Limited	0.56%	0.80%
Coal India Limited	0.51%	0.53%
Oil & Natural Gas Corporation Limited	0.50%	0.46%
Maruti Suzuki India Limited	0.45%	0.81%
Grasim Industries Limited	0.44%	0.60%
UltraTech Cement Limited	0.44%	0.68%
NTPC Limited	0.43%	0.80%
Hindalco Industries Limited	0.39%	0.71%
Shriram Finance Limited	0.39%	0.72%
Bharat Electronics Limited	0.39%	0.72%
Eicher Motors Limited	0.37%	0.51%
Apollo Hospitals Enterprise Limited	0.36%	0.44%
Divi's Laboratories Limited	0.34%	0.61%
HCL Technologies Limited	0.34%	0.67%
Power Grid Corporation of India Limited	0.33%	0.61%
Bajaj Auto Limited	0.33%	0.62%
SBI Life Insurance Company Limited	0.32%	0.40%
Trent Limited	0.32%	0.45%
Asian Paints Limited	0.30%	0.57%
Tech Mahindra Limited	0.28%	0.50%
InterGlobe Aviation Limited	0.28%	0.59%
Bharat Petroleum Corporation Limited	0.28%	0.32%
TVS Motor Company Limited	0.27%	0.50%
Nestle India Limited	0.26%	0.49%
Varun Beverages Ltd	0.26%	0.31%
Hindustan Aeronautics Limited	0.25%	0.46%
Tata Motors Ltd	0.22%	0.46%
Britannia Industries Limited	0.21%	0.30%
Cipla Limited	0.21%	0.39%
Samvardhana Motherson International Limited	0.20%	0.38%
Jio Financial Services Limited	0.20%	0.37%
Cholamandalam Investment and Finance Company Limited	0.19%	0.37%
Tata Motors Passenger Vehicles Limited	0.17%	0.31%
Tata Power Company Limited	0.17%	0.31%
Tata Consumer Products Limited	0.17%	0.32%
Avenue Supermarts Limited	0.15%	0.32%
Bank of Baroda	0.13%	0.22%
Info Edge India Ltd	0.13%	0.25%
GAIL (India) Limited	0.13%	0.24%
Jindal Steel Limited	0.12%	0.22%
Torrent Pharmaceuticals Limited	0.12%	0.37%
United Spirits Limited	0.12%	0.21%
DLF Limited	0.12%	0.23%
REC Limited	0.11%	0.19%
LTM Limited	0.09%	0.20%
Godrej Consumer Products Limited	0.09%	0.18%
Siemens Limited	0.09%	0.17%
ABB India Limited	0.09%	0.19%
Lodha Developers Limited	0.09%	0.18%
Shree Cement Limited	0.08%	0.16%
Siemens Energy India Limited	0.08%	0.15%
Union Bank of India	0.08%	0.17%
Ambuja Cements Limited	0.07%	0.12%
Havells India Limited	0.07%	0.13%

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 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%

Largest holdings only in Motilal Oswal Nifty 500 ETF

Security	% of fund
Adani Ports and Special Economic Zone Limited	0.73%
BSE Limited	0.66%
JSW Steel Limited	0.63%
Bajaj Finserv Limited	0.52%
Adani Enterprises Limited	0.51%

Asset and sector split

Share of each fund, from its latest monthly portfolio

Asset allocation

Asset	Invesco India Multi Asset Allocation	Motilal Oswal Nifty 500 ETF
Equity	48.5%	99.7%
Debt	14.6%	0.0%
Cash and others	36.9%	0.3%

Market cap of stocks

Market cap	Invesco India Multi Asset Allocation	Motilal Oswal Nifty 500 ETF
Large Cap	36.1%	67.1%
Mid Cap	0.7%	20.9%
Small Cap	0.0%	11.6%
Foreign stocks	11.7%	0.0%
Not on AMFI's list	0.0%	0.1%

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 Multi Asset Allocation	Motilal Oswal Nifty 500 ETF
Banks	11.2%	19.3%
Other	11.7%	0.0%
Finance	1.9%	6.5%
Pharmaceuticals & Biotechnology	1.3%	5.8%
IT - Software	2.4%	5.7%
Petroleum Products	2.3%	5.0%
Automobiles	2.6%	4.9%

The six largest sectors of each fund's stocks, % of the fund.

Invesco India Multi Asset Allocation vs Motilal Oswal Nifty 500 ETF: Expense Ratio

What each plan charges a year, from AMFI's expense ratio file

Charge	Invesco India Multi Asset Allocation Fund	Motilal Oswal Nifty 500 ETF
Total expense ratio (Direct)	0.54%	Not available
Base expense ratio (Direct)	0.42%	0.00%
Total expense ratio (Regular)	1.68%	Not available
Base expense ratio (Regular)	1.42%	0.18%

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

Compare Invesco India Multi Asset Allocation with

Invesco India Multi Asset Allocation Fund vs Motilal Oswal Nifty 500 ETF: Frequently Asked Questions

What is the difference between Invesco India Multi Asset Allocation Fund and Motilal Oswal Nifty 500 ETF?

Invesco India Multi Asset Allocation Fund is a Multi Asset fund, Motilal Oswal Nifty 500 ETF is an ETF fund, run by Invesco Mutual Fund and Motilal Oswal Mutual Fund. Their portfolios overlap 36.8%. Invesco India Multi Asset Allocation Fund charges 0.54% a year and Motilal Oswal Nifty 500 ETF 0.39%.

Which has given higher returns, Invesco India Multi Asset Allocation Fund or Motilal Oswal Nifty 500 ETF?

Over 1 year: Invesco India Multi Asset Allocation Fund +5.24%, Motilal Oswal Nifty 500 ETF −7.51%. As on 30-10-2026. Past returns do not promise future returns.

Which has the lower expense ratio, Invesco India Multi Asset Allocation Fund or Motilal Oswal Nifty 500 ETF?

Motilal Oswal Nifty 500 ETF charges less: 0.39% a year against 0.54%. These are the total expense ratios reported to AMFI.

How much do Invesco India Multi Asset Allocation Fund and Motilal Oswal Nifty 500 ETF 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.

Which is riskier, Invesco India Multi Asset Allocation Fund or Motilal Oswal Nifty 500 ETF?

On SEBI's riskometer, Invesco India Multi Asset Allocation Fund is rated Very High and Motilal Oswal Nifty 500 ETF Very High. Over 1 years, the standard deviation of daily returns was 11.42% and 14.51% a year.

Can I invest in both Invesco India Multi Asset Allocation Fund and Motilal Oswal Nifty 500 ETF?

Yes. 36.8% of each fund's money sits in the same holdings, so some of the two investments would move together.

Who manages Invesco India Multi Asset Allocation Fund and Motilal Oswal Nifty 500 ETF?

Invesco India Multi Asset Allocation Fund: Taher Badshah, Krishna Cheemalapati, Amey Sathe. Motilal Oswal Nifty 500 ETF: Swapnil Mayekar, Rakesh Shetty.

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.