Invesco India Balanced Advantage Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Invesco India Balanced Advantage Fund Direct Growth Plan has a NAV of ₹62.43 as of 09 Sep 2026 and scheme AUM of ₹951 Cr. Its 1-year, 3-year and 5-year returns are -2.24%, 8.67% and 8.36% respectively, and the scheme is placed in the High Risk category.

Our view is that this is a fund for investors who can accept sharp short-term swings in exchange for a more balanced long-term profile than its recent 1-year result suggests. The portfolio mixes equity holdings with liquid and cash-like exposures, so the return pattern is not purely equity-led, but the recent softness shows that the path can still be uneven.

Quick facts

Particular	Details
NAV	₹62.43 as of 09 Sep 2026
AUM	₹951 Cr
Expense Ratio	0.8%
Launch Date	01 Jan 2013
Min SIP	₹100
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Hybrid
Exit Load	Nil upto 10% of units and 0.25% for above the limits on or before 3M, Nil after 3M
Fund Managers	Amey Sathe, Deepak Gupta, Krishna Cheemalapati

The fund is managed by Amey Sathe, Deepak Gupta and Krishna Cheemalapati.

Source data date: as of 09 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-2.65%	-4.69%
3M	2.16%	0.93%
1Y	-2.24%	-7.16%
3Y	8.67%	6%
5Y	8.36%	5.87%

The short-term picture is mixed, but it is still better than the benchmark on the same horizons. The 1-month return remained negative, yet it held up better than the benchmark, and the 3-month figure turned positive while the benchmark was still lower. That tells us the recent stretch has not been smooth, but the fund has still absorbed part of the market pressure more effectively than NIFTY 50.

Over 1 year, the fund was down 2.24% while the benchmark was down 7.16%. That is a meaningful relative cushion, even though the absolute result is still negative. The 3-year and 5-year numbers are both positive and remain ahead of the benchmark, which suggests that the longer compounding profile is healthier than the latest 12-month outcome alone implies.

The pattern across the time periods points to a fund that can participate in upside while trying to soften drawdowns, but not remove them. The 1-year weakness is important because it shows the strategy can still struggle during difficult market phases, even after showing steadier longer-term compounding. For investors, that means the fund may be better read as a medium-to-long horizon hybrid allocation than as a short-term return tool.

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

Source data date: as of 09 Sep 2026

Should you BUY or HOLD Invesco India Balanced Advantage?

A fund's past returns alone don't tell you whether you should buy it today or continue holding it.

The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Invesco India Balanced Advantage Fund Direct Growth Plan	-2.24%	8.67%	8.36%
Unifi Dynamic Asset Allocation Fund Direct Growth Plan	8.68%	Data not available	Data not available
Aditya Birla SL Balanced Advantage Fund Direct Growth Plan	8.42%	11.92%	10.57%
Baroda BNP Paribas Balanced Advantage Fund Direct Growth Plan	8.14%	12.06%	11.26%
Edelweiss Balanced Advantage Fund Direct Growth Plan	6.18%	10.63%	9.58%
360 ONE Balanced Hybrid Fund Direct Growth Plan	5.99%	Data not available	Data not available

On the latest 1-year numbers, this fund trails the stronger peer returns, while still staying close enough to the pack to show that the weakness is not isolated. The peers with complete medium-term records have all posted stronger 3-year and 5-year returns, so the current fund looks more restrained on longer horizons than the better-performing balanced advantage peers.

That said, the shorter-term comparison is less one-sided. The fund’s 1-year result is negative, but it is still much less weak than the benchmark and better than some shorter-window peers when the focus shifts to risk control rather than raw return. The gap in 3-year and 5-year figures is what matters most: peers with full history have compounded faster, so the fund currently looks more conservative in outcome even if it is not uncompetitive in the near term.

We think the comparison tells two different stories: recent resilience versus weaker longer-horizon upside capture relative to the better peer set.

Source data date: as of 09 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Net Receivables / (Payables)	Cash & Cash Equivalents and Net Assets	11.79%
Invesco India Low Duration Fund – Direct Plan – Growth	Domestic Mutual Funds Units	8.36%
HDFC Bank Limited	Bank	8.31%
Reliance Industries Limited	Crude Oil	7.59%
ICICI Bank Limited	Bank	5.28%
Invesco India Ultra Short Duration Fund – Direct Plan – Growth	Domestic Mutual Funds Units	4.2%
Eternal Limited	Retailing	3.79%
Infosys Limited	IT	3.21%
Kotak Mahindra Bank Ltd	Bank	3.08%
Triparty Repo	Cash & Cash Equivalents and Net Assets	2.88%

The largest disclosed position is Net Receivables / (Payables) at 11.79%, which is large enough to matter in day-to-day tracking. After that, the weights step down fairly quickly into the 8% to 7% range and then into the mid-single digits, so the portfolio does not lean on one dominant equity name alone.

The tenth holding is only 2.88%, so the drop from the top position to the edge of the visible list is noticeable. That spread suggests the fund may not be run as a highly concentrated stock-picking portfolio; instead, the bigger positions may share influence with cash-like and fund-of-fund style allocations that can shape the outcome in different market conditions.

The displayed top 10 holdings account for approximately 58.49% of the portfolio, and the fact that there are 40 disclosed holdings indicates a fairly long tail beneath the largest positions. In our view, that mix points to a portfolio where a few holdings could still move returns meaningfully, but broader participation across many positions may reduce dependence on any single line item.

To see all holdings, visit the Invesco India Balanced Advantage Fund Direct Growth Plan page

Source data date: as of 09 Sep 2026

Who should invest

This fund may suit investors who can tolerate High Risk classification and still stay invested through periods when returns turn negative over a 12-month window. The 3-year and 5-year figures show that the strategy has been able to rebuild over time, so a medium-to-long horizon is more appropriate than a short holding period.

The main trade-off is between relative downside control and stronger upside capture. Against the benchmark, the fund has held up better in weaker stretches, but the better peer records on 3-year and 5-year horizons show that this trade-off can come at the cost of lower long-term compounding. Investors who want a hybrid allocation with a meaningful equity component and are comfortable with uneven interim results may find that balance more relevant than a pure return chase.

Tax and exit load

Holding period	Tax rate	Description
Units held less than 1 year	20%	Short-term capital gains tax
Units held more than 1 year	12.5%	Long-term capital gains tax

Exit load: Nil up to 10% of units and 0.25% for amounts above that limit if units are sold on or before 3 months; no exit load after 3 months.

Source data date: as of 09 Sep 2026

Frequently asked questions

What is the current NAV of Invesco India Balanced Advantage Fund Direct Growth Plan?
Its current NAV is ₹62.43 as of 09 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year return is -2.24%, its 3-year return is 8.67% and its 5-year return is 8.36%.

How does it compare with the benchmark?
It has outpaced NIFTY 50 on the 3-year and 5-year horizons and has also held up better over 1 month, 3 months and 1 year. The latest 1-year result remains negative, but it is still less weak than the benchmark.

How does it compare with peer balanced advantage and hybrid funds?
Its 1-year return is below the stronger peer figures, while peers with available 3-year and 5-year records have also compounded faster. The short-term and longer-term comparisons therefore point to modest recent resilience but weaker medium-term growth than the better peer records.

Is there a minimum SIP amount?
Yes. The minimum SIP amount is ₹100.

Who manages the fund and what is the exit load?
The fund is managed by Amey Sathe, Deepak Gupta and Krishna Cheemalapati. The exit load is nil up to 10% of units and 0.25% for amounts above that limit if units are sold on or before 3 months; there is no exit load after 3 months.

Bottom line

The fund’s recent 1-year result is weaker than its 3-year and 5-year record, so the latest period looks softer than the longer-term trend. It has also held up better than the benchmark across the same horizons, but several peer funds have delivered stronger medium-term returns where data is available. With a High Risk label and a portfolio that includes meaningful cash-like and debt-oriented exposures alongside equity names, it appears better suited to investors who want a hybrid allocation and can tolerate uneven short-term outcomes for a steadier longer run.

Published on 10 September 2026 at 11:17 AM IST

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RIA disclosure

Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.