Invesco India Multi Asset Allocation Fund vs SBI Nifty 500 Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Invesco India Multi Asset Allocation Fund is a Multi Asset fund and SBI Nifty 500 Index Fund is a mutual fund. In the year to 30-10-2026, Invesco India Multi Asset Allocation Fund (Direct) returned 5.2% and SBI Nifty 500 Index Fund (Direct) returned −7.7%. Invesco India Multi Asset Allocation Fund charges 0.54% a year and SBI Nifty 500 Index Fund 0.34% (Direct plans). 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
Which is better, Invesco India Multi Asset Allocation or SBI Nifty 500 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 Multi Asset Allocation returned more over 1 year: 5.2% against −7.7%.
- SBI Nifty 500 Index costs less: 0.34% 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 −14.8%.
- Invesco India Multi Asset Allocation holds 11.7% of the fund in foreign stocks; SBI Nifty 500 Index 0.0%.
- SBI Nifty 500 Index 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 ₹734 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 | Invesco India Multi Asset Allocation Fund | SBI Nifty 500 Index Fund |
|---|---|---|
| Fund house | Invesco Mutual Fund | SBI Mutual Fund |
| Category | Multi Asset | Not available |
| AUM | ₹1,213 Cr (30-09-2026) | ₹734 Cr (30-09-2026) |
| NAV | ₹12.25 (Direct) | ₹9.14 (Direct) |
| Expense ratio (Direct) | 0.54% | 0.34% |
| Expense ratio (Regular) | 1.68% | 0.81% |
| Riskometer | Very High | Not available |
| Benchmark | Nifty 200 TRI (60%) + CRISIL 10 Year Gilt Index (30%) + Domestic Price of Gold (5%) + Domestic Price of Silver (5%) | Not available |
| Launch date | 18-12-2024 | Not available |
| Minimum investment | Not available | Not available |
| Lock in | None | Not available |
| Fund managers | Taher Badshah, Krishna Cheemalapati, Amey Sathe | Not available |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 year. | Not available |
Invesco India Multi Asset Allocation vs SBI Nifty 500 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 Multi Asset Allocation Fund (Direct) | −0.89% | −3.16% | −1.29% | +5.24% | -- | -- | -- |
| SBI Nifty 500 Index Fund (Direct) | −0.79% | −6.16% | −3.03% | −7.70% | -- | -- | -- |
| 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 SBI Nifty 500 Index: Year-wise Returns
| Year | Invesco India Multi Asset AllocationInvesco India Multi Asset Allocation | SBI Nifty 500 IndexSBI Nifty 500 Index |
|---|---|---|
| 2026to date | +0.16% | −7.81% |
| 2025 | +24.29% | +7.38% |
Invesco India Multi Asset Allocation vs SBI Nifty 500 Index: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of SBI Nifty 500 Index Fund
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 Multi Asset Allocation Fund (Direct)
SBI Nifty 500 Index Fund (Direct)
Nifty 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% |
| SBI Nifty 500 Index | 31.8 | 29.9 | 26.6 | 9.3 | 2.3 | 0.0 | 0.0 | 3.3% | 2.4% | −9.3% | 17.2% | 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 SBI Nifty 500 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 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% |
| SBI Nifty 500 IndexSBI Nifty 500 Index Fund (Direct) | ₹2,30,000 | ₹2,24,542 | −₹5,458 | −2.4% |
Invesco India Multi Asset AllocationInvesco India Multi Asset Allocation Fund (Direct)
SBI Nifty 500 IndexSBI Nifty 500 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 Multi Asset Allocation vs SBI Nifty 500 Index: 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) | SBI Nifty 500 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.24% | −7.70% |
| Standard deviation | 11.42% | 14.38% |
| Sharpe ratio | -0.00 | -0.90 |
| Sortino ratio | -0.00 | -1.20 |
| Maximum drawdown | −11.0% (23-03-2026) | −14.8% (31-03-2026) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.36% |
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) | SBI Nifty 500 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.18% | −2.88% |
| Standard deviation | 9.73% | 14.07% |
| Sharpe ratio | 0.68 | -0.61 |
| Sortino ratio | 0.93 | -0.82 |
| Maximum drawdown | −11.0% (23-03-2026) | −16.1% (28-02-2025) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.37% |
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.
Invesco India Multi Asset Allocation Fund (Direct)
SBI Nifty 500 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 Multi Asset Allocation Fund (Direct) | −11.0% | 29-01-2026 | 23-03-2026 | 25-08-2026 | 5 months | −6.0% |
| SBI Nifty 500 Index Fund (Direct) | −14.8% | 02-01-2026 | 31-03-2026 | Not yet | -- | −8.7% |
| 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.
Invesco India Multi Asset Allocation Fund (Direct)
SBI Nifty 500 Index Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Invesco India Multi Asset Allocation Fund (Direct) | 68% | 11% | 10.80% |
| SBI Nifty 500 Index Fund (Direct) | 99% | 101% | 0.02% |
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 SBI Nifty 500 Index: Portfolio Overlap
From each fund's latest monthly portfolio: Invesco India Multi Asset Allocation Fund, September 2026; SBI Nifty 500 Index Fund, September 2026
Holdings in common
- Overlap
- 36.8%
- Held by both
- 71
- Only in Invesco India Multi Asset Allocation
- 22
- Only in SBI Nifty 500 Index
- 427
| Security | % of Invesco India Multi Asset Allocation | % of SBI Nifty 500 Index |
|---|---|---|
| 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% | 2.07% |
| 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 SBI Nifty 500 Index Fund
| Security | % of fund |
|---|---|
| Adani Ports and Special Economic Zone Ltd. | 0.73% |
| BSE Ltd. | 0.66% |
| JSW Steel Ltd. | 0.63% |
| Bajaj Finserv Ltd. | 0.52% |
| Adani Enterprises Ltd. | 0.51% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Invesco India Multi Asset Allocation | SBI Nifty 500 Index |
|---|---|---|
| Equity | 48.5% | 99.5% |
| Debt | 14.6% | 0.0% |
| Cash and others | 36.9% | 0.5% |
Market cap of stocks
| Market cap | Invesco India Multi Asset Allocation | SBI Nifty 500 Index |
|---|---|---|
| Large Cap | 36.1% | 67.1% |
| Mid Cap | 0.7% | 20.9% |
| Small Cap | 0.0% | 11.4% |
| 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 | SBI Nifty 500 Index |
|---|---|---|
| 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 SBI Nifty 500 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Invesco India Multi Asset Allocation Fund | SBI Nifty 500 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.54% | 0.34% |
| Base expense ratio (Direct) | 0.42% | 0.26% |
| Total expense ratio (Regular) | 1.68% | 0.81% |
| Base expense ratio (Regular) | 1.42% | 0.66% |
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 Multi Asset Allocation Fund vs SBI Nifty 500 Index Fund: Frequently Asked Questions
What is the difference between Invesco India Multi Asset Allocation Fund and SBI Nifty 500 Index Fund?
Invesco India Multi Asset Allocation Fund is a Multi Asset fund, SBI Nifty 500 Index Fund is a mutual fund, run by Invesco Mutual Fund and SBI Mutual Fund. Their portfolios overlap 36.8%. Invesco India Multi Asset Allocation Fund charges 0.54% a year and SBI Nifty 500 Index Fund 0.34%.
Which has given higher returns, Invesco India Multi Asset Allocation Fund or SBI Nifty 500 Index Fund?
Over 1 year: Invesco India Multi Asset Allocation Fund +5.24%, SBI Nifty 500 Index Fund −7.70%. 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 SBI Nifty 500 Index Fund?
SBI Nifty 500 Index Fund charges less: 0.34% a year against 0.54%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Invesco India Multi Asset Allocation Fund and SBI Nifty 500 Index 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 Invesco India Multi Asset Allocation Fund and SBI Nifty 500 Index Fund?
Yes. 36.8% of each fund's money sits in the same holdings, so some of the two investments would move together.
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.