42Ni-Fe Invar alloy strips were fabricated using conventional ingot casting and melt drag casting followed by rolling. Mechanical properties such as tensile strength, elongation and blanking deformability of the strips were evaluated. The properties were strongly depended on fabrication methods. Tensile strength and elongation of all strips were in the range of $40-60kg/mm^{2}$ and 26-35%, respectively, which are enough values for the manufacture of the final products. In some of the strips, however, burrs occurred at deformed surface. The properties of strips were explained in terms of microstructure such as grain size and texture formation during rolling. Additionally, strips by melt drag casting method were compared to those by conventional ingot casting.