Invesco India Balanced Advantage Fund
The fund has shifted decisively toward equity exposure at 71.5%, signaling conviction in market strength despite maintaining a substantial cash cushion of nearly 19%. The portfolio shows pronounced concentration in banking and financial sectors, with HDFC and ICICI anchoring a defensive tilt complemented by selective exposure to energy and IT. This month's additions of State Bank of India and construction plays, combined with reduced government securities holdings, suggest the manager is rotating from rate-sensitive bonds into cyclical stocks while keeping dry powder for tactical opportunities.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹61.0100 | -0.26% | — | — | — | — | — |
| Regular Growth | ₹50.9300 | -0.35% | -4.66% | -7.16% | -3.38% | +9.29% | +8.44% |
| Direct IDCW | ₹21.4600 | -0.92% | — | — | — | — | — |
| Regular IDCW | ₹17.1100 | -1.16% | — | — | — | — | — |
Portfolio Metrics(latest month)
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| State Bank of India | 0.82% |
| KNR Constructions Limited | 0.24% |
| 7.8% National Bank For Agriculture and Rural Development 2027 ** | 2.45% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Net Receivables / (Payables) | 14.91% |
| 2 | Invesco India Short Duration Fund - Direct Plan - Growth INF205K01UH8 | 8.30% |
| 3 | HDFC Bank Limited INE040A01034 | 8.07% |
| 4 | Invesco India Low Duration Fund - Direct Plan - Growth INF205K01NY8 | 7.64% |
| 5 | Reliance Industries Limited INE002A01018 | 7.44% |
| 6 | ICICI Bank Limited INE090A01021 | 4.75% |
| 7 | Eternal Limited INE758T01015 | 4.24% |
| 8 | Triparty Repo | 4.03% |
| 9 | Infosys Limited INE009A01021 | 3.12% |
| 10 | Larsen & Toubro Limited INE018A01030 | 2.94% |
| 11 | Kotak Mahindra Bank Ltd INE237A01036 | 2.75% |
| 12 | 7.8% National Bank For Agriculture and Rural Development 2027 ** INE261F08EF5 | 2.45% |
| 13 | Jio Financial Services Limited INE758E01017 | 2.35% |
| 14 | Tata Consultancy Services Limited INE467B01029 | 2.34% |
| 15 | 7.26% Government of India 2029 IN0020180454 | 1.99% |
| 16 | Axis Bank Limited INE238A01034 | 1.86% |
| 17 | ICICI Lombard General Insurance Company Limited INE765G01017 | 1.81% |
| 18 | ITC Limited INE154A01025 | 1.78% |
| 19 | UltraTech Cement Limited INE481G01011 | 1.70% |
| 20 | Invesco India Medium Dur Fund - Direct - Growth INF205KA1429 | 1.64% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.