Invesco India Nifty Bank Index Fund vs UTI Nifty Bank ETF
Direct Plan, Growth option · Data as on 30-10-2026
Invesco India Nifty Bank Index Fund is an Index fund and UTI Nifty Bank ETF is an ETF fund. Their portfolios overlap 99.8%: they hold 14 of the same securities.
Invesco India Nifty Bank Index Fund
Index
- Expense ratio
- 0.67%
- NAV
- ₹10.11
Which is better, Invesco India Nifty Bank Index or UTI Nifty Bank 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 Nifty Bank Index fell less in its worst fall since 15-05-2026: −7.6% against −7.7%.
- UTI Nifty Bank ETF is the larger fund: ₹2,877 Cr against ₹25 Cr.
- Their portfolios overlap 99.8%: 14 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 Nifty Bank Index Fund | UTI Nifty Bank ETF |
|---|---|---|
| Fund house | Invesco Mutual Fund | UTI Mutual Fund |
| Category | Index | ETF |
| AUM | ₹25 Cr (30-09-2026) | ₹2,877 Cr (30-09-2026) |
| NAV | ₹10.11 (Direct) | ₹56.63 (Direct) |
| Expense ratio (Direct) | 0.67% | 0.00% |
| Expense ratio (Regular) | 1.27% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Bank TRI | Nifty Bank TRI |
| Launch date | 17-05-2026 | 01-09-2020 |
| Minimum investment | Not available | ₹5,000 |
| Lock in | None | None |
| Fund managers | Abhisek Bahinipati | Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3 |
| Exit load | Nil | Not available |
Invesco India Nifty Bank Index vs UTI Nifty Bank 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 Nifty Bank Index Fund (Direct) | +0.05% | −4.17% | -- | -- | -- | -- | -- |
| UTI Nifty Bank ETF (Direct) | +0.08% | −4.19% | +0.23% | −5.36% | +8.99% | +7.64% | -- |
Invesco India Nifty Bank Index vs UTI Nifty Bank ETF: Year-wise Returns
| Year | Invesco India Nifty Bank IndexInvesco India Nifty Bank Index | UTI Nifty Bank ETFUTI Nifty Bank ETF | Nifty Bank TRI |
|---|---|---|---|
| 2026to date | -- | −7.79% | −7.61% |
| 2025 | -- | +17.93% | +18.08% |
| 2024 | -- | +6.11% | +6.26% |
| 2023 | -- | +13.19% | +13.29% |
| 2022 | -- | +22.02% | +22.14% |
| 2021 | -- | +13.71% | +13.90% |
Invesco India Nifty Bank Index vs UTI Nifty Bank ETF: Rolling Returns
Every holding period of both funds, against Nifty Bank TRI, the benchmark of both
Invesco India Nifty Bank Index vs UTI Nifty Bank ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Invesco India Nifty Bank Index Fund (Direct) | UTI Nifty Bank ETF (Direct) |
|---|---|---|
| Return (CAGR) | +4.92% | +15.34% |
| Standard deviation | 13.62% | 18.50% |
| Sharpe ratio | -0.03 | 0.54 |
| Sortino ratio | -0.04 | 0.78 |
| Maximum drawdown | −7.6% (27-10-2026) | −20.6% (16-06-2022) |
| Beta | 0.99 | 1.00 |
| Alpha | −0.19% | −0.15% |
From daily NAVs, 15-05-2026 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 Nifty Bank Index Fund (Direct)
UTI Nifty Bank ETF (Direct)
Nifty Bank TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Invesco India Nifty Bank Index Fund (Direct) | −7.6% | 17-07-2026 | 27-10-2026 | Not yet | -- | −6.4% |
| UTI Nifty Bank ETF (Direct) | −7.7% | 17-07-2026 | 27-10-2026 | Not yet | -- | −6.4% |
| Nifty Bank TRI | −7.6% | 17-07-2026 | 27-10-2026 | Not yet | -- | −6.4% |
From daily values since 15-05-2026, the first day every fund has.
Invesco India Nifty Bank Index vs UTI Nifty Bank ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Invesco India Nifty Bank Index Fund, September 2026; UTI Nifty Bank ETF, September 2026
Holdings in common
- Overlap
- 99.8%
- Held by both
- 14
- Only in Invesco India Nifty Bank Index
- 0
- Only in UTI Nifty Bank ETF
- 0
| Security | % of Invesco India Nifty Bank Index | % of UTI Nifty Bank ETF |
|---|---|---|
| HDFC Bank Limited | 18.61% | 18.61% |
| ICICI Bank Limited | 14.18% | 14.18% |
| Kotak Mahindra Bank Ltd | 10.19% | 10.20% |
| Axis Bank Limited | 10.04% | 10.06% |
| State Bank of India | 9.92% | 9.93% |
| The Federal Bank Limited | 6.55% | 6.56% |
| IndusInd Bank Limited | 4.96% | 4.97% |
| AU Small Finance Bank Limited | 4.83% | 4.85% |
| IDFC First Bank Limited | 4.53% | 4.54% |
| Bank of Baroda | 3.57% | 3.59% |
| Canara Bank | 3.35% | 3.37% |
| Punjab National Bank | 3.26% | 3.27% |
| Yes Bank Limited | 2.99% | 3.01% |
| Union Bank of India | 2.84% | 2.86% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 99.8% means 99.8% 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 Nifty Bank Index Fund
Every holding of this fund is also held by the other.
Largest holdings only in UTI Nifty Bank ETF
Every holding of this fund is also held by the other.
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Invesco India Nifty Bank Index | UTI Nifty Bank ETF |
|---|---|---|
| Equity | 99.8% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.2% | 0.0% |
Market cap of stocks
| Market cap | Invesco India Nifty Bank Index | UTI Nifty Bank ETF |
|---|---|---|
| Large Cap | 76.0% | 76.1% |
| Mid Cap | 23.9% | 23.9% |
| Small Cap | 0.0% | 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 Nifty Bank Index | UTI Nifty Bank ETF |
|---|---|---|
| Banks | 99.8% | 100.0% |
The six largest sectors of each fund's stocks, % of the fund.
Invesco India Nifty Bank Index vs UTI Nifty Bank ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Invesco India Nifty Bank Index Fund | UTI Nifty Bank ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.67% | 0.00% |
| Base expense ratio (Direct) | 0.15% | 0.00% |
| Total expense ratio (Regular) | 1.27% | Not available |
| Base expense ratio (Regular) | 0.66% | 0.15% |
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.
Invesco India Nifty Bank Index Fund vs UTI Nifty Bank ETF: Frequently Asked Questions
What is the difference between Invesco India Nifty Bank Index Fund and UTI Nifty Bank ETF?
Invesco India Nifty Bank Index Fund is an Index fund, UTI Nifty Bank ETF is an ETF fund, run by Invesco Mutual Fund and UTI Mutual Fund. Their portfolios overlap 99.8%.
How much do Invesco India Nifty Bank Index Fund and UTI Nifty Bank ETF overlap?
99.8%. They hold 14 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, KOTAKBANK. From each fund's latest monthly portfolio.
Which is riskier, Invesco India Nifty Bank Index Fund or UTI Nifty Bank ETF?
On SEBI's riskometer, Invesco India Nifty Bank Index Fund is rated Very High and UTI Nifty Bank ETF Very High. Over their common history, the standard deviation of daily returns was 13.62% and 18.50% a year.
Can I invest in both Invesco India Nifty Bank Index Fund and UTI Nifty Bank ETF?
Yes. 99.8% 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 Nifty Bank Index Fund and UTI Nifty Bank ETF?
Invesco India Nifty Bank Index Fund: Abhisek Bahinipati. UTI Nifty Bank ETF: 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.