Invesco India Balanced Advantage Fund - Direct Plan - IDCW

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Category : Dynamic Asset Allocation or Balanced Advantage

Portfolio Turnover Ratio : 190.00%. Category average turnover ratio is 300.16%. Fund manager updated portfolio less frequently than peers in last 1 year. (I.e. fund manager held stocks/bonds in the portfolio for longer duration than peers)

Equity Holding : 65.40% | F&O Holdings : -4.54%| Foreign Equity Holdings : 0.00%| Total : 60.86%

No of Stocks : 38 (Category Avg - 75.26) | Large Cap Investments : 35.63%| Mid Cap Investments : 5.7% | Small Cap Investments : 0.95% | Other : 18.58%

Portfolio Summary (as on 31st Oct,2025)

Particulars	This Scheme	Category
No. of Stocks	38	71.54
Top 5 Stock Weight	26.69%	21.44%
Top 10 Stock Weight	38.62%	32.64%
Top 3 Sector Weight	25.08%	24.36%

Category - Dynamic Asset Allocation or Balanced Advantage

Particulars	This Scheme	Category
Average mcap (Cr)	99293.49	94702.15
Holdings in large cap stocks	35.63%	38.05%
Holdings in mid cap stocks	5.7%	8.49%
Holdings in small cap stocks	0.95%	4.5%

Category - Dynamic Asset Allocation or Balanced Advantage

Top 10 Stocks holding in Portfolio (as on 31st Oct,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity
HDFC Bank Ltd.	Private sector bank	793.4	7.27%	-0.01%	7.28% (Sep 2025)	4.98% (Dec 2024)	8.04 L
ICICI Bank Ltd.	Private sector bank	613.8	5.63%	-0.23%	5.86% (Sep 2025)	4.14% (Jan 2025)	4.56 L
Larsen & Toubro Ltd.	Civil construction	582.1	5.34%	0.31%	6.49% (May 2025)	1.77% (Jul 2025)	1.44 L
Reliance Industries Ltd.	Refineries & marketing	502	4.60%	0.21%	4.95% (Jun 2025)	4.34% (Dec 2024)	3.38 L
Infosys Ltd.	Computers - software & consulting	420.4	3.85%	-0.04%	4.73% (Feb 2025)	3.85% (Oct 2025)	2.84 L
Bharti Airtel Ltd. - Partly Paid	Telecom - cellular & fixed line services	295.6	2.71%	0.18%	2.82% (Jun 2025)	1.81% (Dec 2024)	1.89 L
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	285.6	2.62%	-0.05%	2.67% (Sep 2025)	2.06% (Dec 2024)	81.89 k
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	268.2	2.46%	0.05%	2.72% (Apr 2025)	2.34% (Jun 2025)	1.59 L
Hyundai Motor India Ltd.	Passenger cars & utility vehicles	228.6	2.10%	-0.21%	2.31% (Sep 2025)	1.25% (Dec 2024)	93.74 k
Torrent Pharmaceuticals Ltd.	Pharmaceuticals	223	2.04%	-0.11%	2.27% (Jul 2025)	1.59% (Dec 2024)	62.65 k

- indicates change in weight in the portfolio. # indicates a new entry.

View complete holding

Complete equity Portfolio (as on 31st Oct,2025)

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M-Cap

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Stock Invested in	Sector	Sector Total	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty	M-Cap	GroupName
HDFC Bank Ltd.	Private sector bank	10.59	793.4	7.27%	-0.01%	7.28% (Sep 2025)	4.98% (Dec 2024)	8.04 L	0.00	Other	18.58
ICICI Bank Ltd.	Private sector bank	10.59	613.8	5.63%	-0.23%	5.86% (Sep 2025)	4.14% (Jan 2025)	4.56 L	0.00	Large Cap	35.63
Larsen & Toubro Ltd.	Civil construction	5.34	582.1	5.34%	0.31%	6.49% (May 2025)	1.77% (Jul 2025)	1.44 L	0.00	Large Cap	35.63
Reliance Industries Ltd.	Refineries & marketing	2.37	502	4.60%	0.21%	4.95% (Jun 2025)	4.34% (Dec 2024)	3.38 L	0.00	Large Cap	35.63
Infosys Ltd.	Computers - software & consulting	7.88	420.4	3.85%	-0.04%	4.73% (Feb 2025)	3.85% (Oct 2025)	2.84 L	0.00	Large Cap	35.63
Bharti Airtel Ltd. - Partly Paid	Telecom - cellular & fixed line services	2.71	295.6	2.71%	0.18%	2.82% (Jun 2025)	1.81% (Dec 2024)	1.89 L	0.00	Other	18.58
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	4.72	285.6	2.62%	-0.05%	2.67% (Sep 2025)	2.06% (Dec 2024)	81.89 k	0.00	Large Cap	35.63
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	6.61	268.2	2.46%	0.05%	2.72% (Apr 2025)	2.34% (Jun 2025)	1.59 L	0.00	Large Cap	35.63
Hyundai Motor India Ltd.	Passenger cars & utility vehicles	4.72	228.6	2.10%	-0.21%	2.31% (Sep 2025)	1.25% (Dec 2024)	93.74 k	0.00	Other	18.58
Torrent Pharmaceuticals Ltd.	Pharmaceuticals	6.61	223	2.04%	-0.11%	2.27% (Jul 2025)	1.59% (Dec 2024)	62.65 k	0.00	Mid Cap	5.7
Eternal Ltd.	E-retail/ e-commerce	2.56	183.6	1.68%	-0.11%	1.79% (Sep 2025)	1.14% (Mar 2025)	5.78 L	0.00	Other	18.58
Tata Consultancy Services Ltd.	Computers - software & consulting	7.88	177.2	1.62%	0.03%	5.77% (Nov 2024)	0.01% (Dec 2024)	57.93 k	0.00	Large Cap	35.63
Coforge Ltd.	Computers - software & consulting	7.88	166.8	1.53%	0.11%	1.76% (Jun 2025)	1.23% (Jan 2025)	93.79 k	0.00	Other	18.58
Titan Company Ltd.	Gems, jewellery and watches	1.52	165.9	1.52%	0.10%	1.61% (May 2025)	1.03% (Jan 2025)	44.28 k	0.00	Large Cap	35.63
Bharat Electronics Ltd.	Aerospace & defense	1.46	158.9	1.46%	0.03%	1.53% (Jun 2025)	1% (Feb 2025)	3.73 L	0.00	Mid Cap	5.7
Trent Limited	Speciality retail	1.36	148.5	1.36%	-0.05%	1.92% (Jun 2025)	0.64% (Jan 2025)	31.63 k	0.00	Mid Cap	5.7
Max Healthcare Institute Ltd.	Hospital	1.27	138.4	1.27%	-0.01%	1.5% (Jun 2025)	0.99% (Jan 2025)	1.21 L	0.00	Other	18.58
Britannia Industries Ltd.	Packaged foods	1.2	131.1	1.20%	-0.08%	1.28% (Sep 2025)	0% (Nov 2024)	22.45 k	0.00	Large Cap	35.63
Lupin Ltd.	Pharmaceuticals	6.61	118	1.08%	-0.01%	1.3% (Apr 2025)	1.06% (Nov 2024)	60.11 k	0.00	Large Cap	35.63
- Bajaj Finance Ltd.	Non banking financial company (nbfc)	1.07	117.2	1.07%	0.00%	1.07% (Oct 2025)	0% (Nov 2024)	1.12 L	0.00	Other	18.58
NTPC Green Energy Ltd.	Power generation	1.07	116.5	1.07%	0.02%	1.28% (May 2025)	0.89% (Jan 2025)	11.30 L	0.00	Other	18.58
Varun Beverages Ltd.	Other beverages	1.06	115.7	1.06%	0.02%	1.53% (Dec 2024)	0.98% (Jan 2025)	2.46 L	0.00	Other	18.58
ICICI Lombard General Insurance Co Ltd.	General insurance	1.03	112.6	1.03%	0.01%	1.12% (Jun 2025)	0% (Nov 2024)	56.47 k	0.00	Large Cap	35.63
Divis Laboratories Ltd.	Pharmaceuticals	6.61	112.4	1.03%	0.13%	1.13% (May 2025)	0% (Nov 2024)	16.68 k	0.00	Large Cap	35.63
Grasim Industries Limited	Cement & cement products	0.97	106	0.97%	0.01%	1.04% (Apr 2025)	0% (Nov 2024)	36.65 k	0.00	Large Cap	35.63
Hindalco Industries Ltd.	Aluminium	0.95	103.5	0.95%	0.06%	0.95% (Oct 2025)	0.69% (Dec 2024)	1.22 L	0.00	Large Cap	35.63
DR. LAL PATHLABS Ltd.	Healthcare service provider	0.95	103.3	0.95%	-0.03%	1.04% (Aug 2025)	0.6% (Dec 2024)	32.94 k	0.00	Small Cap	0.95
Dixon Technologies (India) Ltd.	Consumer electronics	0.92	100.8	0.92%	-0.09%	1.27% (Dec 2024)	0.91% (Mar 2025)	6.50 k	0.00	Other	18.58
SBI Life Insurance Co Ltd.	Life insurance	0.9	97.7	0.90%	0.05%	0.93% (May 2025)	0.73% (Dec 2024)	49.96 k	0.00	Large Cap	35.63
Persistent Systems Ltd.	Computers - software & consulting	7.88	96.5	0.88%	0.13%	1.29% (Dec 2024)	0.75% (Sep 2025)	16.31 k	0.00	Other	18.58
FSN E-Commerce Ventures Ltd.	E-retail/ e-commerce	2.56	96	0.88%	0.02%	0.88% (Oct 2025)	0.54% (Feb 2025)	3.87 L	0.00	Other	18.58
Godrej Properties Ltd.	Residential, commercial projects	0.84	91.2	0.84%	0.09%	1.57% (Dec 2024)	0.74% (Aug 2025)	39.85 k	0.00	Mid Cap	5.7
InterGlobe Aviation Ltd.	Airline	0.83	91	0.83%	-0.03%	1.09% (Feb 2025)	0.71% (Jan 2025)	16.19 k	0.00	Large Cap	35.63
Awfis Space Solutions Ltd.	Diversified commercial services	0.59	64.2	0.59%	0.01%	0.82% (Dec 2024)	0.27% (Nov 2024)	1.07 L	0.00	Other	18.58
- Concord Enviro Systems Ltd.	Waste management	0.09	9.4	0.09%	0.00%	0.79% (Dec 2024)	0% (Nov 2024)	19.45 k	0.00	Other	18.58
ICICI Bank Ltd. : Futures Near	Private sector bank	10.59	-121.4	-1.11%	0.05%	-1.11% (Oct 2025)	0% (Nov 2024)	-0.90 L	-0.90 L	Other	18.58
HDFC Bank Ltd. : Futures Near	Private sector bank	10.59	-131.2	-1.20%	0.00%	-1.2% (Sep 2025)	0% (Nov 2024)	-1.32 L	-1.32 L	Other	18.58
Reliance Industries Ltd. : Futures Near	Refineries & marketing	2.37	-243.1	-2.23%	-0.10%	-2.1% (Dec 2024)	-2.39% (Jun 2025)	-1.63 L	-1.63 L	Other	18.58

- indicates change in weight in the portfolio. # indicates a new entry.

New Stocks added in Portfolio (in 1 month period ending 31st Oct,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
No new entrants in the portfolio in the last month.

Stocks removed from Portfolio (in 1 month period ending 31st Oct,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
No complete exits in the portfolio in the last month.

Trend in stock holdings (Top 15 Holding)

Stock	Oct 2025	Sep 2025	Aug 2025	Jul 2025	Jun 2025	May 2025	Apr 2025	Mar 2025	Feb 2025	Jan 2025	Dec 2024	Nov 2024	Oct 2024
HDFC Bank Ltd.	7.27%	7.28%	6.12%	6.55%	6.56%	6.67%	6.70%	6.51%	6.33%	5.36%	4.98%	5.15%	5.09%
Larsen & Toubro Ltd.	5.34%	5.03%	4.98%	1.77%	6.19%	6.49%	5.98%	6.40%	5.78%	6.04%	6.04%	6.37%	6.34%
ICICI Bank Ltd.	5.63%	5.86%	4.91%	5.25%	5.18%	5.42%	5.42%	5.00%	4.50%	4.14%	4.76%	4.92%	5.01%
Reliance Industries Ltd.	4.60%	4.39%	4.39%	4.54%	4.95%	4.90%	4.92%	4.57%	4.41%	4.57%	4.34%	4.71%	4.97%
Infosys Ltd.	3.85%	3.89%	3.99%	4.14%	4.43%	4.53%	4.41%	4.56%	4.73%	4.39%	4.34%	4.38%	2.82%
Sun Pharmaceutical Industries Ltd.	2.46%	2.41%	2.42%	2.36%	2.34%	2.45%	2.72%	2.63%	2.48%	2.51%	2.68%	2.58%	2.74%
Bharti Airtel Ltd. - Partly Paid	2.71%	2.53%	2.61%	2.63%	2.82%	2.70%	2.76%	2.59%	2.29%	2.05%	1.81%	1.91%	1.93%
Tata Consultancy Services Ltd.	1.62%	1.59%	1.71%	1.70%	1.96%	2.05%	2.07%	2.08%	2.06%	2.24%	0.01%	5.77%	5.48%
Mahindra & Mahindra Ltd.	2.62%	2.67%	2.51%	2.39%	2.40%	2.35%	2.35%	2.19%	2.12%	2.07%	2.06%	2.08%	1.50%
Torrent Pharmaceuticals Ltd.	2.04%	2.15%	2.13%	2.27%	2.08%	2.03%	2.16%	2.15%	2.01%	2.05%	1.59%	1.61%	1.58%
Eternal Ltd.	1.68%	1.79%	1.74%	1.72%	1.49%	1.41%	2.78%	2.28%	-	-	-	-	-
Zomato Ltd.	-	-	-	-	-	-	-	-	1.29%	1.26%	1.57%	1.61%	1.43%
Hyundai Motor India Ltd.	2.10%	2.31%	2.21%	1.95%	2.03%	1.77%	1.66%	1.70%	1.77%	1.68%	1.25%	1.35%	0.92%
Axis Bank Ltd.	-	-	-	-	-	-	-	-	1.59%	1.52%	1.62%	1.77%	1.84%
National Thermal Power Corporation Ltd.	-	-	-	-	-	-	-	-	-	1.36%	1.39%	1.54%	1.77%
Coforge Ltd.	1.53%	1.42%	1.55%	1.59%	1.76%	1.64%	1.42%	1.61%	1.50%	1.23%	1.42%	1.31%	1.17%

No of Debt Holding 3 (Category Avg - 29.49) | Modified Duration 1.20 Years (Category Avg - 3.07)| Yield to Maturity 6.02% (Category Avg - 6.64%)

Portfolio Summary (as on 31st Oct,2025)

Security Type	% Weight	Category Average
GOI	3.73%	8.49%
CD	0.00%	0.28%
T-Bills	0.00%	0.96%
CP	0.00%	0.41%
NCD & Bonds	0.87%	10.62%
PTC	0.00%	0.29%

Category - Dynamic Asset Allocation or Balanced Advantage

Security Type	% Weight	Category Average
Government Backed	3.73%	9.46%
Low Risk	0.00%	0.00%
Moderate Risk	0.00%	0.00%
High Risk	0.00%	0.00%
Very High Risk	0.00%	0.00%
Others	0.87%	0.20%

Category - Dynamic Asset Allocation or Balanced Advantage

Debt holding in Portfolio (as on 31st Oct,2025)

Instrument	Type	Sector	Rating	Rating Agency	Value (Mn)	% of Total Holding	Quantity
Bond - Govt of India	GOI	Other			207.69	1.90%	20.00 L
Bond - Govt of India	GOI	Other			199.99	1.83%	20.00 L
Bond - Cholamandalam Investment & Finance Co. Ltd.	NCD & Bonds	Non banking financial company (nbfc)	U	NA	95.17	0.87%	800.00