Invesco India Balanced Advantage Fund vs NJ Balanced Advantage Fund
Invesco India Balanced Advantage Fund and NJ Balanced Advantage Fund are both Balanced Advantage funds. As of 5 Nov 2026 (Direct plan, Growth option): 3-year CAGR +10.29% vs +8.38%, 5-year CAGR +9.05% vs +7.79%, volatility 9.12% vs 9.61%, maximum drawdown −26.49% vs −14.75%. Their portfolios overlap by 28.3% (24 stocks held by both).
Showing the Direct plan, Growth option. Portfolio, sector and market-cap figures are the same for every plan and option of a fund.
Key facts
| Invesco India Balanced Advantage | NJ Balanced Advantage | |
|---|---|---|
| Fund house | Invesco Mutual Fund | NJ Mutual Fund |
| Compared as | Balanced Advantage | Balanced Advantage |
| NAV | ₹65.0800 | ₹14.5700 |
| NAV date | 5 Nov 2026 | 5 Nov 2026 |
| Launched (first NAV) | 2 Jan 2013 | 1 Nov 2021 |
| Track record | 13.8 yrs | 5.0 yrs |
| Fund size (AUM) | ₹903 Cr | ₹2,382 Cr |
| Securities held | 58 | 141 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| Invesco India Balanced Advantage | NJ Balanced Advantage | |
|---|---|---|
| 1 month | +4.33% | +2.53% |
| 3 months | +1.58% | −1.22% |
| 6 months | +4.61% | +1.82% |
| 1 year | +0.22% | +2.10% |
| 3 years (CAGR) | +10.29% | +8.38% |
| 5 years (CAGR) | +9.05% | +7.79% |
| 7 years (CAGR) | +10.18% | — |
| 10 years (CAGR) | +10.37% | — |
| Since launch (CAGR) | +11.85% | +7.78% |
| SIP return (XIRR, 5 years) ⓘ | +8.88% | +7.50% |
Up to one year: absolute return. Beyond one year: CAGR. Computed from each fund's own NAV history (AMFI), measured to the latest NAV.
Calendar-year returns
| Invesco India Balanced Advantage | NJ Balanced Advantage | |
|---|---|---|
| 2026 (year to date) | −0.14% | +0.97% |
| 2025 | +4.09% | +2.78% |
| 2024 | +17.45% | +11.52% |
| 2023 | +21.77% | +24.53% |
| 2022 | +5.47% | +1.10% |
| 2021 | +14.61% | — |
Risk
| Invesco India Balanced Advantage | NJ Balanced Advantage | |
|---|---|---|
| Volatility (annualised) ⓘ | 9.12% | 9.61% |
| Downside volatility ⓘ | 6.64% | 6.87% |
| Sharpe ratio ⓘ | 0.42 | 0.20 |
| Sortino ratio ⓘ | 0.57 | 0.28 |
| Maximum drawdown ⓘ | −26.49% | −14.75% |
| Recovery from that fall | 7 months | — |
| Current fall from peak | −0.97% | −4.08% |
| Rolling 1-year return: worst | −19.70% | −5.25% |
| Rolling 1-year return: median | +10.94% | +4.45% |
| Rolling 1-year return: best | +48.16% | +36.18% |
| Share of 1-year periods with a loss | 14.05% | 14.24% |
Against each fund's benchmark
| Invesco India Balanced Advantage | NJ Balanced Advantage | |
|---|---|---|
| Beta ⓘ | 0.60 | 0.61 |
| Alpha (Jensen's, annualised) ⓘ | +1.20% | −0.30% |
| R² ⓘ | 90.39 | 83.55 |
| Upside capture | 70.24% | 66.53% |
| Downside capture | 51.12% | 54.98% |
| Tracking error | 6.65% | 7.07% |
| Information ratio | 0.12 | -0.12 |
| Treynor ratio | 4.65 | 1.88 |
Portfolio
Asset mix
| Invesco India Balanced Advantage | NJ Balanced Advantage | |
|---|---|---|
| Equity | 70.60% | 90.34% |
| Debt | 26.16% | 4.50% |
| Cash & equivalents | 3.24% | -21.37% |
Market-cap split (share of fund assets)
| Invesco India Balanced Advantage | NJ Balanced Advantage | |
|---|---|---|
| Large Cap | 60.56% | 56.68% |
| Mid Cap | 4.44% | 22.19% |
| Small Cap | 3.98% | 10.70% |
| Unclassified | 1.62% | 0.78% |
Concentration
| Invesco India Balanced Advantage | NJ Balanced Advantage | |
|---|---|---|
| Top 10 holdings | 41.36% | 35.75% |
| Effective number of stocks ⓘ | 33.9 | 49 |
| Securities held | 58 | 141 |
Portfolio overlap: 28.3%
24 companies are held by both funds; by weight, 28.3% of the two portfolios is the same. That is a moderate overlap.
| Held by both | Invesco India Balanced Advantage | NJ Balanced Advantage |
|---|---|---|
| HDFC Bank Limited | 8.28% | 5.60% |
| Reliance Industries Limited | 6.66% | 4.63% |
| ICICI Bank Limited | 5.12% | 4.14% |
| ITC Limited | 1.89% | 2.36% |
| Kotak Mahindra Bank Limited | 3.46% | 1.84% |
| Axis Bank Limited | 2.38% | 1.58% |
| Britannia Industries Ltd. | 1.55% | 2.47% |
| Bajaj Finance Limited | 1.24% | 1.52% |
| Cipla Limited | 1.00% | 2.45% |
| Bharti Airtel Limited | 0.84% | 0.89% |
| Tech Mahindra Limited | 1.28% | 0.80% |
| Dr. Lal Path Labs Limited | 0.73% | 3.19% |
| Infosys Limited | 2.97% | 0.70% |
| Bajaj Auto Limited | 0.64% | 0.78% |
| Tata Consultancy Services Limited | 2.50% | 0.44% |
Top 10 holdings
Invesco India Balanced Advantage
- HDFC Bank Limited8.28%
- Reliance Industries Limited6.66%
- ICICI Bank Limited5.12%
- Pipeline Infrastructure Pvt. Ltd.3.88%
- Kotak Mahindra Bank Limited3.46%
- Infosys Limited2.97%
- Bahadur Chand Investments Pvt. Ltd.2.77%
- National Bank for Agri & Rural Dev.2.75%
- Small Industries Development Bank2.74%
- Adani Enterprises Limited 20262.73%
NJ Balanced Advantage
- HDFC Bank Limited5.60%
- Reliance Industries Limited4.63%
- ICICI Bank Limited4.14%
- Torrent Pharmaceuticals Limited3.61%
- Bosch Limited3.55%
- Dr. Lal Path Labs Limited3.18%
- Marico Limited3.17%
- Eicher Motors Ltd.2.74%
- Sun Pharmaceutical Industries Limited2.64%
- Britannia Industries Ltd.2.47%
Sector exposure
| Invesco India Balanced Advantage | NJ Balanced Advantage | |
|---|---|---|
| Banks | 19.54% | 15.90% |
| Pharmaceuticals & Biotechnology | 1.00% | 15.21% |
| CRISIL AAA | 7.72% | 0.00% |
| IT - Software | 6.75% | 3.56% |
| Petroleum Products | 6.66% | 5.28% |
| Automobiles | 1.90% | 6.15% |
| CRISIL A1+ | 5.28% | 0.00% |
| Finance | 2.76% | 4.40% |
| Auto Components | 0.65% | 4.40% |
| Food Products | 2.55% | 4.32% |
| Insurance | 4.14% | 0.37% |
| Retailing | 4.05% | 0.76% |
| Sovereign | 3.83% | 2.90% |
| Consumer Durables | 0.25% | 3.75% |
Questions people ask
What is the difference between Invesco India Balanced Advantage and NJ Balanced Advantage returns?
As of 5 Nov 2026, Direct plan Growth option: 1-year return +0.22% vs +2.10%; 3-year CAGR +10.29% vs +8.38%; 5-year CAGR +9.05% vs +7.79%; 10-year CAGR +10.37% vs —. Past returns do not indicate future returns.
How do Invesco India Balanced Advantage and NJ Balanced Advantage compare on risk?
Volatility (36 monthly returns, annualised) 9.12% vs 9.61%; Sharpe ratio 0.42 vs 0.20; Sortino ratio 0.57 vs 0.28; maximum drawdown −26.49% vs −14.75%; beta 0.60 vs 0.61.
How much do Invesco India Balanced Advantage and NJ Balanced Advantage overlap?
By weight, 28.3% of the two portfolios is invested in the same companies; 24 stocks are held by both, the largest shared positions being HDFC Bank Limited, Reliance Industries Limited, ICICI Bank Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of Invesco India Balanced Advantage and NJ Balanced Advantage?
Invesco India Balanced Advantage: large cap 60.6%, mid cap 4.4%, small cap 4.0%. NJ Balanced Advantage: large cap 56.7%, mid cap 22.2%, small cap 10.7% (share of the fund's assets, from its latest disclosed portfolio).
Is this a recommendation to choose one of these funds?
No. This page places the published figures of both funds side by side. It does not rank, rate or recommend either fund; which one suits an investor depends on their goals, horizon and risk tolerance.
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Sources: NAV from AMFI; returns, risk and ratios computed by MF Analyser from each fund's NAV history (risk on 36 monthly returns, risk-free rate 6.5%); benchmark ratios against each fund's benchmark total-return index; portfolios from each fund house's monthly disclosure. Returns and ratios as of 5 Nov 2026. IDCW options show no return or risk figures because payouts reduce the NAV and AMFI's file carries no payout history to add back. This page compares published figures only — it does not rank, rate or recommend either fund. Past performance does not indicate future returns; mutual fund investments are subject to market risks.