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ITI Balanced Advantage Fund Direct Growth
HybridDynamic Asset AllocationModerately High risk
Direct
NAV (21-Nov-24)
₹15.40-0.03%1D
Returns (Since Inception)
9.23%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹382 Cr
Expense Ratio
0.63%
ISIN
INF00XX01689
Minimum SIP
₹1,000
Exit Load
1.00%
Inception Date
31 Dec 2019
About this fund
ITI Balanced Advantage Fund Direct Growth is a Dynamic Asset Allocation mutual fund schemes offered by ITI Mutual Fund. This fund has been in existence for 4 years, 10 months and 22 days, having been launched on 31-Dec-19.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹15.40, Assets Under Management (AUM) of 381.88 Crores, and an expense ratio of 0.63%.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹15.40, Assets Under Management (AUM) of 381.88 Crores, and an expense ratio of 0.63%.
- ITI Balanced Advantage Fund Direct Growth has given a CAGR return of 9.23% since inception.
- The fund's asset allocation comprises around 46.88% in equities, 2.09% in debts, and 51.03% in cash & cash equivalents.
- You can start investing in ITI Balanced Advantage Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+20.42%
+18.62% (Cat Avg.)
3 Years
+10.53%
+11.19% (Cat Avg.)
Since Inception
+9.23%
— (Cat Avg.)
Portfolio Summaryas of 31st October 2024
| Equity | ₹179.01 Cr | 46.88% |
| Debt | ₹8 Cr | 2.09% |
| Others | ₹194.88 Cr | 51.03% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Cash Offset For Derivatives | Cash - General Offset | ₹72.34 Cr | 18.94% |
| HDFC Bank Ltd | Equity | ₹26.77 Cr | 7.01% |
| Reliance Industries Ltd | Equity | ₹17.57 Cr | 4.60% |
| Punjab National Bank (05/12/2024) | Cash | ₹17.39 Cr | 4.55% |
| Infosys Ltd | Equity | ₹16.05 Cr | 4.20% |
| Net Receivables / (Payables) | Cash | ₹15.95 Cr | 4.18% |
| Hdfc Bank Limited (06/12/2024) | Cash | ₹15.4 Cr | 4.03% |
| 6.89% Govt Stock 2025 | Bond - Gov't/Treasury | ₹15.01 Cr | 3.93% |
| NTPC Ltd | Equity | ₹13.16 Cr | 3.45% |
| Future on Reliance Industries Ltd | Equity - Future | ₹-11.04 Cr | 2.89% |
| Bharti Airtel Ltd | Equity | ₹11.04 Cr | 2.89% |
| ICICI Bank Ltd | Equity | ₹10.78 Cr | 2.82% |
| Treps 04-Nov-2024 | Cash - Repurchase Agreement | ₹10.64 Cr | 2.79% |
| Garware Hi-Tech Films Ltd | Equity | ₹10.63 Cr | 2.78% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹10.49 Cr | 2.75% |
| Axis Bank Ltd. | Bond - Corporate Bond | ₹9.95 Cr | 2.60% |
| 364 DTB 05122024 | Bond - Gov't/Treasury | ₹9.94 Cr | 2.60% |
| Axis Bank Ltd | Equity | ₹9.67 Cr | 2.53% |
| Future on ITC Ltd | Equity - Future | ₹-9.03 Cr | 2.37% |
| ITC Ltd | Equity | ₹8.99 Cr | 2.36% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹8 Cr | 2.09% |
| Future on State Bank of India | Equity - Future | ₹-7.68 Cr | 2.01% |
| State Bank of India | Equity | ₹7.63 Cr | 2.00% |
| Future on Tata Consultancy Services Ltd | Equity - Future | ₹-7.62 Cr | 1.99% |
| Tata Consultancy Services Ltd | Equity | ₹7.57 Cr | 1.98% |
| Small Industries Dev Bank Of India (11/12/2024) | Cash | ₹7.19 Cr | 1.88% |
| Titan Company Limited | Equity - Future | ₹-7.13 Cr | 1.87% |
| Titan Co Ltd | Equity | ₹7.11 Cr | 1.86% |
| Zomato Ltd | Equity | ₹7.09 Cr | 1.86% |
| SBI Life Insurance Co Ltd | Equity | ₹7.01 Cr | 1.84% |
| Siemens Ltd | Equity | ₹6.44 Cr | 1.69% |
| ICICI Lombard General Insurance Co Ltd | Equity | ₹6.23 Cr | 1.63% |
| Mahindra & Mahindra Ltd | Equity | ₹6.06 Cr | 1.59% |
| Infosys Limited | Equity - Future | ₹-5.31 Cr | 1.39% |
| Larsen & Toubro Ltd | Equity | ₹5.25 Cr | 1.38% |
| Canara Bank (06/12/2024) | Cash | ₹5.21 Cr | 1.37% |
| PB Fintech Ltd | Equity | ₹5.15 Cr | 1.35% |
| State Bank Of India (27/12/2024) | Cash | ₹4.95 Cr | 1.30% |
| HDFC Life Insurance Co Ltd | Equity | ₹4.56 Cr | 1.19% |
| ABB India Ltd | Equity | ₹4.18 Cr | 1.09% |
| ICICI Securities Ltd | Equity | ₹4.15 Cr | 1.09% |
| HCL Technologies Ltd | Equity | ₹4.1 Cr | 1.07% |
| Future on Adani Enterprises Ltd | Equity - Future | ₹-3.82 Cr | 1.00% |
| Power Grid Corp Of India Ltd | Equity | ₹3.81 Cr | 1.00% |
| Adani Enterprises Ltd | Equity | ₹3.8 Cr | 1.00% |
| Future on UltraTech Cement Ltd | Equity - Future | ₹-3.79 Cr | 0.99% |
| Future on Power Grid Corp Of India Ltd | Equity - Future | ₹-3.78 Cr | 0.99% |
| UltraTech Cement Ltd | Equity | ₹3.76 Cr | 0.99% |
| Future on Bajaj Finance Ltd | Equity - Future | ₹-3.73 Cr | 0.98% |
| Bajaj Finance Ltd | Equity | ₹3.7 Cr | 0.97% |
| Bharti Airtel Ltd (Partly Paid Rs.1.25) | Equity | ₹3.32 Cr | 0.87% |
| Future on Hindalco Industries Ltd | Equity - Future | ₹-3.19 Cr | 0.84% |
| Hindalco Industries Ltd | Equity | ₹3.17 Cr | 0.83% |
| Tata Steel Ltd | Equity | ₹3.08 Cr | 0.81% |
| Future on Tata Steel Ltd | Equity - Future | ₹-3.04 Cr | 0.80% |
| 364 DTB 0205202407112024 | Bond - Gov't/Treasury | ₹3 Cr | 0.78% |
| 364 Day T-Bill 30.01.25 | Bond - Gov't/Treasury | ₹2.95 Cr | 0.77% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹2.5 Cr | 0.65% |
| Kotak Mahindra Bank Limited (03/01/2025) | Cash | ₹2.47 Cr | 0.65% |
| Cummins India Ltd | Equity | ₹2.1 Cr | 0.55% |
| Apollo Hospitals Enterprise Ltd | Equity | ₹2.02 Cr | 0.53% |
| Future on Tata Motors Ltd | Equity - Future | ₹-1.8 Cr | 0.47% |
| Tata Motors Ltd | Equity | ₹1.79 Cr | 0.47% |
| Tata Consumer Products Ltd | Equity | ₹1.76 Cr | 0.46% |
| Future on DLF Ltd | Equity - Future | ₹-1.36 Cr | 0.36% |
| DLF Ltd | Equity | ₹1.35 Cr | 0.35% |
Allocation By Market Cap (Equity)
Large Cap Stocks
47.67%
Mid Cap Stocks
5.63%
Small Cap Stocks
4.09%
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹85.66 Cr | 22.43% |
| Technology | ₹27.72 Cr | 7.26% |
| Consumer Cyclical | ₹22.05 Cr | 5.77% |
| Energy | ₹21.37 Cr | 5.60% |
| Basic Materials | ₹20.64 Cr | 5.40% |
| Industrials | ₹17.97 Cr | 4.71% |
| Utilities | ₹16.97 Cr | 4.44% |
| Communication Services | ₹14.36 Cr | 3.76% |
| Healthcare | ₹12.51 Cr | 3.28% |
| Consumer Defensive | ₹10.75 Cr | 2.81% |
| Real Estate | ₹1.35 Cr | 0.35% |
Risk & Performance Ratios
Standard Deviation
This fund
7.30%
Cat. avg.
7.86%
Lower the better
Sharpe Ratio
This fund
0.63
Cat. avg.
0.75
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.37
Higher the better
Fund Managers
Additional Scheme Detailsas of 31st October 2024
ISIN INF00XX01689 | Expense Ratio 0.63% | Exit Load 1.00% | Fund Size ₹382 Cr | Age 4 years 10 months | Lumpsum Minimum ₹5,000 | Fund Status Open Ended Investment Company | Benchmark Nifty 50 TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Dynamic Asset Allocation Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Motilal Oswal Balance Advantage Fund Regular Growth Very High Risk | 2.2% | 1.0% | ₹1238.19 Cr | 11.9% |
| Motilal Oswal Balance Advantage Fund Direct Growth Very High Risk | 1.0% | 1.0% | ₹1238.19 Cr | 13.3% |
| Quant Dynamic Asset Allocation Fund Direct Growth High Risk | 0.7% | 1.0% | ₹1349.99 Cr | 31.2% |
| Quant Dynamic Asset Allocation Fund Regular Growth High Risk | 2.1% | 1.0% | ₹1349.99 Cr | 29.3% |
| Bandhan Balanced Advantage Fund Direct Growth Moderately High risk | 0.7% | 1.0% | ₹2268.45 Cr | 17.9% |
| Bandhan Balanced Advantage Fund Regular Growth Moderately High risk | 2.0% | 1.0% | ₹2268.45 Cr | 16.4% |
| Mahindra Manulife Balanced Advantage Fund Regular Growth Very High Risk | 2.2% | 1.0% | ₹890.15 Cr | 19.7% |
| Mahindra Manulife Balanced Advantage Fund Direct Growth Very High Risk | 0.5% | 1.0% | ₹890.15 Cr | 21.7% |
| Mirae Asset Balanced Advantage Fund Direct Growth High Risk | 0.7% | 1.0% | ₹1742.15 Cr | 17.1% |
| Mirae Asset Balanced Advantage Fund Regular Growth High Risk | 2.1% | 1.0% | ₹1742.15 Cr | 15.5% |
About the AMC
Other Funds by ITI Mutual Fund
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y |
|---|---|---|---|---|
| ITI Focused Equity Fund Direct Growth Very High Risk | 0.5% | 1.0% | ₹497.16 Cr | 31.9% |
| ITI Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹71.52 Cr | 7.1% |
| ITI Ultra Short Duration Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹198.12 Cr | 7.5% |
| ITI Multi Cap Fund Direct Growth Very High Risk | 0.4% | 1.0% | ₹1360.14 Cr | 29.5% |
| ITI Value Fund Direct Growth Very High Risk | 0.5% | 1.0% | ₹300.54 Cr | 28.9% |
| ITI Conservative Hybrid Fund Direct Growth Moderate Risk | 0.2% | 0.0% | ₹14.80 Cr | 8.9% |
| ITI Dynamic Bond Fund Direct Growth Moderate Risk | 0.1% | 0.0% | ₹43.08 Cr | 9.7% |
| ITI Balanced Advantage Fund Direct Growth Moderately High risk | 0.6% | 1.0% | ₹381.88 Cr | 20.4% |
| ITI Small Cap Fund Direct Growth Very High Risk | 0.3% | 1.0% | ₹2366.10 Cr | 39.4% |
| ITI Large Cap Fund Direct Growth Very High Risk | 0.5% | 1.0% | ₹360.06 Cr | 24.9% |
| ITI Banking & PSU Debt Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹30.27 Cr | 8.2% |
| ITI Banking and Financial Services Fund Direct Growth Very High Risk | 0.4% | 1.0% | ₹268.28 Cr | 16.2% |
| ITI Arbitrage Fund Direct Growth Low Risk | 0.2% | 0.0% | ₹37.79 Cr | 8.3% |
| ITI Overnight Fund Direct Growth Low Risk | 0.1% | 0.0% | ₹17.93 Cr | 6.5% |
| ITI Mid Cap Fund Direct Growth Very High Risk | 0.4% | 1.0% | ₹1109.96 Cr | 41.3% |
| ITI Long Term Equity Fund Direct Growth Very High Risk | 0.5% | 0.0% | ₹388.48 Cr | 31.4% |
| ITI Pharma and Healthcare Fund Direct Growth Very High Risk | 0.5% | 1.0% | ₹208.21 Cr | 45.8% |
| ITI Flexi Cap Fund Direct Growth Very High Risk | 0.4% | 1.0% | ₹1262.58 Cr | 36.3% |
Risk Level
Your principal amount will be at Moderately High risk
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Still got questions?
We're here to help.
What is the current NAV of ITI Balanced Advantage Fund Direct Growth?
The NAV of ITI Balanced Advantage Fund Direct Growth, as of 21-Nov-2024, is ₹15.40.
What are the returns of ITI Balanced Advantage Fund Direct Growth?
The fund has generated 20.42% over the last 1 year and 10.53% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of ITI Balanced Advantage Fund Direct Growth?
The fund's allocation of assets is distributed as 46.88% in equities, 2.09% in bonds, and 51.03% in cash and cash equivalents.
Who manages the ITI Balanced Advantage Fund Direct Growth?
The fund managers responsible for ITI Balanced Advantage Fund Direct Growth are:-
- Rohan Korde
- Vishal Jajoo
- Rajesh Bhatia
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.