Invesco India Multi Asset Allocation Fund vs UTI Nifty 500 Exchange Traded Fund

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 UTI Nifty 500 Exchange Traded Fund is an Index fund. Invesco India Multi Asset Allocation Fund charges 0.54% a year and UTI Nifty 500 Exchange Traded Fund 1.30%. Their portfolios overlap 36.8%: they hold 71 of the same securities.

Invesco India Multi Asset Allocation Fund

Multi Asset

Expense ratio: 0.54%
NAV: ₹12.25

See Invesco India Multi Asset Allocation Fund

UTI Nifty 500 Exchange Traded Fund

Index

Expense ratio: 1.30%
NAV: ₹35.24

See UTI Nifty 500 Exchange Traded Fund

Which is better, Invesco India Multi Asset Allocation or UTI Nifty 500 Exchange Traded? 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 costs less: 0.54% a year against 1.30%.
Invesco India Multi Asset Allocation fell less in its worst fall since 27-08-2026: −6.3% against −8.9%.
Invesco India Multi Asset Allocation holds 11.7% of the fund in foreign stocks; UTI Nifty 500 Exchange Traded 0.0%.
UTI Nifty 500 Exchange Traded 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 ₹7 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)
−5.3%
UTI Nifty 500 Exchange Traded Fund
−6.7%

Change in NAV from 27-08-2026 to 30-10-2026

−8%−6%−4%−2%0%+2%

Key facts

From each fund's scheme summary document and AMFI

Fact	Invesco India Multi Asset Allocation Fund	UTI Nifty 500 Exchange Traded Fund
Fund house	Invesco Mutual Fund	UTI Mutual Fund
Category	Multi Asset	Index
AUM	₹1,213 Cr (30-09-2026)	₹7 Cr (30-09-2026)
NAV	₹12.25 (Direct)	₹35.24
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	25-08-2026
Minimum investment	Not available	₹5,000
Lock in	None	None
Fund managers	Taher Badshah, Krishna Cheemalapati, Amey Sathe	Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3
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 UTI Nifty 500 Exchange Traded: 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%	--	--	--
UTI Nifty 500 Exchange Traded Fund	−0.77%	--	--	--	--	--	--
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 UTI Nifty 500 Exchange Traded: Year-wise Returns

Year	Invesco India Multi Asset AllocationInvesco India Multi Asset Allocation	UTI Nifty 500 Exchange TradedUTI Nifty 500 Exchange Traded
2026to date	+0.16%	--
2025	+24.29%	--

Invesco India Multi Asset Allocation vs UTI Nifty 500 Exchange Traded: Rolling Returns

Every holding period of both funds, against Nifty 500 TRI, the benchmark of UTI Nifty 500 Exchange Traded Fund

Invesco India Multi Asset Allocation vs UTI Nifty 500 Exchange Traded: 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)	UTI Nifty 500 Exchange Traded Fund
Return (CAGR)	+12.18%	−32.67%
Standard deviation	9.73%	12.77%
Sharpe ratio	0.68	-2.97
Sortino ratio	0.93	-3.43
Maximum drawdown	−11.0% (23-03-2026)	−8.9% (23-10-2026)
Beta	--	1.00
Alpha	--	−0.09%

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.

−10%−8%−6%−4%−2%0%

Invesco India Multi Asset Allocation Fund (Direct)UTI Nifty 500 Exchange Traded FundNifty 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)	−6.3%	28-08-2026	23-10-2026	Not yet	--	−5.5%
UTI Nifty 500 Exchange Traded Fund	−8.9%	28-08-2026	23-10-2026	Not yet	--	−6.9%
Nifty 500 TRI	−8.9%	28-08-2026	23-10-2026	Not yet	--	−6.9%

From daily values since 27-08-2026, the first day every fund has.

Invesco India Multi Asset Allocation vs UTI Nifty 500 Exchange Traded: Portfolio Overlap

From each fund's latest monthly portfolio: Invesco India Multi Asset Allocation Fund, September 2026; UTI Nifty 500 Exchange Traded Fund, September 2026

Holdings in common

Overlap: 36.8%
Held by both: 71
Only in Invesco India Multi Asset Allocation: 22
Only in UTI Nifty 500 Exchange Traded: 428

Security	% of Invesco India Multi Asset Allocation	% of UTI Nifty 500 Exchange Traded
HDFC Bank Limited	4.23%	5.65%
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%	1.83%
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%	0.67%
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%	0.58%
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 UTI Nifty 500 Exchange Traded Fund

Security	% of fund
EQ - ADANI PORTS AND SPECIAL ECONO	0.73%
EQ - BSE LTD	0.66%
EQ - JSW STEEL LTD.	0.63%
EQ - BAJAJ FINSERV LTD.	0.52%
EQ - 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	UTI Nifty 500 Exchange Traded
Equity	48.5%	99.6%
Debt	14.6%	0.0%
Cash and others	36.9%	0.4%

Market cap of stocks

Market cap	Invesco India Multi Asset Allocation	UTI Nifty 500 Exchange Traded
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	UTI Nifty 500 Exchange Traded
Banks	11.2%	19.3%
Other	11.7%	0.0%
Finance	1.9%	6.5%
Pharmaceuticals & Biotechnology	1.3%	5.7%
IT - Software	2.4%	5.6%
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 UTI Nifty 500 Exchange Traded: Expense Ratio

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

Charge	Invesco India Multi Asset Allocation Fund	UTI Nifty 500 Exchange Traded Fund
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%	0.13%

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 UTI Nifty 500 Exchange Traded Fund: Frequently Asked Questions

What is the difference between Invesco India Multi Asset Allocation Fund and UTI Nifty 500 Exchange Traded Fund?

Invesco India Multi Asset Allocation Fund is a Multi Asset fund, UTI Nifty 500 Exchange Traded Fund is an Index fund, run by Invesco Mutual Fund and UTI Mutual Fund. Their portfolios overlap 36.8%. Invesco India Multi Asset Allocation Fund charges 0.54% a year and UTI Nifty 500 Exchange Traded Fund 1.30%.

Which has the lower expense ratio, Invesco India Multi Asset Allocation Fund or UTI Nifty 500 Exchange Traded Fund?

Invesco India Multi Asset Allocation Fund charges less: 0.54% a year against 1.30%. These are the total expense ratios reported to AMFI.

How much do Invesco India Multi Asset Allocation Fund and UTI Nifty 500 Exchange Traded 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.

Which is riskier, Invesco India Multi Asset Allocation Fund or UTI Nifty 500 Exchange Traded Fund?

On SEBI's riskometer, Invesco India Multi Asset Allocation Fund is rated Very High and UTI Nifty 500 Exchange Traded Fund Very High. Over their common history, the standard deviation of daily returns was 9.73% and 12.77% a year.

Can I invest in both Invesco India Multi Asset Allocation Fund and UTI Nifty 500 Exchange Traded Fund?

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 UTI Nifty 500 Exchange Traded Fund?

Invesco India Multi Asset Allocation Fund: Taher Badshah, Krishna Cheemalapati, Amey Sathe. UTI Nifty 500 Exchange Traded Fund: Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3.

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.