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Fund Overview

Fund Size

Fund Size

₹340 Cr

Expense Ratio

Expense Ratio

0.62%

ISIN

ISIN

INF00XX01689

Minimum SIP

Minimum SIP

₹1,000

Exit Load

Exit Load

1.00%

Inception Date

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, 3 months and 20 days, having been launched on 31-Dec-19.
As of 19-Apr-24, it has a Net Asset Value (NAV) of ₹14.47, Assets Under Management (AUM) of 339.71 Crores, and an expense ratio of 0.62%.
  • ITI Balanced Advantage Fund Direct Growth has given a CAGR return of 8.98% since inception.
  • The fund's asset allocation comprises around 47.16% in equities, 13.53% in debts, and 39.31% 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

+27.91%

+23.95%(Cat. Avg.)

3 Years

+14.39%

+12.36%(Cat. Avg.)

Since Inception

+8.98%

--%(Cat. Avg.)

Portfolio Summaryas of 31st March 2024

Equity160.2 Cr47.16%
Debt45.97 Cr13.53%
Others133.53 Cr39.31%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
Cash Offset For DerivativesCash - General Offset52.7 Cr15.51%
Net Receivables / (Payables)Cash33.72 Cr9.93%
Treps 02-Apr-2024Cash - Repurchase Agreement28.22 Cr8.31%
Reliance Industries LtdEquity19.7 Cr5.80%
HDFC Bank LtdEquity17.2 Cr5.06%
6.89% Govt Stock 2025Bond - Gov't/Treasury14.97 Cr4.41%
Infosys LtdEquity13.68 Cr4.03%
Axis Bank Ltd.Bond - Corporate Bond12.89 Cr3.79%
Zomato LtdEquity12.18 Cr3.59%
Future on Reliance Industries LtdEquity - Future-11.44 Cr3.37%
NTPC LtdEquity10.83 Cr3.19%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond9.96 Cr2.93%
Bharti Airtel Ltd (Partly Paid Rs.1.25)Equity9.7 Cr2.85%
364 DTB 05122024Bond - Gov't/Treasury9.54 Cr2.81%
Sun Pharmaceuticals Industries LtdEquity9.2 Cr2.71%
ICICI Bank LtdEquity9.12 Cr2.69%
Titan Co LtdEquity8.27 Cr2.43%
Bajaj Finance LtdEquity8.05 Cr2.37%
Future on Bajaj Finance LtdEquity - Future-8.01 Cr2.36%
Infosys LimitedEquity - Future-7.95 Cr2.34%
Adani Ports & Special Economic Zone LtdEquity7.62 Cr2.24%
State Bank of IndiaEquity7 Cr2.06%
Power Finance Corporation Ltd.Bond - Corporate Bond6.46 Cr1.90%
Mankind Pharma LtdEquity6.14 Cr1.81%
Rec LimitedBond - Corporate Bond6 Cr1.77%
R R Kabel LtdEquity5.81 Cr1.71%
Popular Vehicles and Services LtdEquity5.5 Cr1.62%
Larsen & Toubro LtdEquity5.47 Cr1.61%
Future on HDFC Bank LtdEquity - Future-5.22 Cr1.54%
Bank of IndiaEquity5.19 Cr1.53%
7.33% Govt Stock 2026Bond - Gov't/Treasury5.04 Cr1.48%
IndusInd Bank LtdEquity4.74 Cr1.39%
ITC LtdEquity4.51 Cr1.33%
Concord Biotech LtdEquity4.3 Cr1.26%
Future on Adani Enterprises LtdEquity - Future-4.15 Cr1.22%
Adani Enterprises LtdEquity4.12 Cr1.21%
Future on Larsen & Toubro LtdEquity - Future-3.75 Cr1.10%
HCL Technologies LtdEquity3.58 Cr1.05%
REC LtdEquity3.49 Cr1.03%
ICICI Securities LtdEquity3.48 Cr1.02%
PB Fintech LtdEquity3.41 Cr1.00%
Tata Steel LtdEquity3.23 Cr0.95%
Future on Tata Steel LtdEquity - Future-3.2 Cr0.94%
Axis Bank LtdEquity2.98 Cr0.88%
Future on Hindalco Industries LtdEquity - Future-2.61 Cr0.77%
Hindalco Industries LtdEquity2.59 Cr0.76%
Future on Tata Motors LtdEquity - Future-2.14 Cr0.63%
Tata Motors LtdEquity2.12 Cr0.62%
Tata Consumer Products LtdEquity1.85 Cr0.54%
Apollo Hospitals Enterprise LtdEquity1.83 Cr0.54%
Tata Consultancy Services LtdEquity1.8 Cr0.53%
Future on Ambuja Cements LtdEquity - Future-1.77 Cr0.52%
Ambuja Cements LtdEquity1.76 Cr0.52%
Future on DLF LtdEquity - Future-1.49 Cr0.44%
DLF LtdEquity1.48 Cr0.44%
Future on ITC LtdEquity - Future-0.97 Cr0.28%
KPIT Technologies LtdEquity0.93 Cr0.27%
LTIMindtree LtdEquity0.07 Cr0.02%

Allocation By Market Cap (Equity)

Large Cap Stocks

61.15%

Mid Cap Stocks

3.97%

Small Cap Stocks

4.98%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services64.65 Cr19.03%
Consumer Cyclical28.07 Cr8.26%
Energy23.82 Cr7.01%
Healthcare21.46 Cr6.32%
Technology20.06 Cr5.91%
Industrials18.91 Cr5.57%
Utilities10.83 Cr3.19%
Communication Services9.7 Cr2.85%
Basic Materials7.58 Cr2.23%
Consumer Defensive6.36 Cr1.87%
Real Estate1.48 Cr0.44%

Risk & Performance Ratios

Standard Deviation

This fund

7.79%

Cat. avg.

7.46%

Lower the better

Sharpe Ratio

This fund

1.09

Cat. avg.

0.90

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

1.79

Higher the better

Fund Managers

VM

Vikrant Mehta

Since February 2022

VJ

Vishal Jajoo

Since September 2023

Rajesh Bhatia

Rajesh Bhatia

Since September 2023

Additional Scheme Detailsas of 31st March 2024

ISININF00XX01689Expense Ratio0.62%Exit Load1.00%Fund Size₹340 CrAge31 Dec 2019Lumpsum Minimum₹5,000Fund StatusOpen Ended Investment CompanyBenchmarkNifty 50 TR INR

Investment ObjectiveInvestment 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

Withdrawal within 1 year

Flat 15% tax on realised gains (STCG - short term capital gains)

Withdrawal after 1 year

10% tax on realised gains above Rs. 1 lakh per financial year (LTCG - long term capital gains)

Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies 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 nameExpense RatioExit LoadFund size
1Y
Motilal Oswal Balance Advantage Fund Regular Growth

Very High Risk

2.2%1.0%₹1235.60 Cr32.3%
Motilal Oswal Balance Advantage Fund Direct Growth

Very High Risk

1.0%1.0%₹1235.60 Cr33.9%
Quant Dynamic Asset Allocation Fund Direct Growth

Very High Risk

0.7%1.0%₹890.96 Cr60.3%
Quant Dynamic Asset Allocation Fund Regular Growth

Very High Risk

2.2%1.0%₹890.96 Cr57.8%
Bandhan Balanced Advantage Fund Direct Growth

Moderately High risk

0.7%1.0%₹2224.10 Cr21.7%
Bandhan Balanced Advantage Fund Regular Growth

Moderately High risk

1.9%1.0%₹2224.10 Cr20.1%
Mahindra Manulife Balanced Advantage Fund Regular Growth

Very High Risk

2.3%1.0%₹702.76 Cr30.7%
Mahindra Manulife Balanced Advantage Fund Direct Growth

Very High Risk

0.6%1.0%₹702.76 Cr33.0%
Mirae Asset Balanced Advantage Fund Direct Growth

Very High Risk

0.7%1.0%₹1534.21 Cr23.3%
Mirae Asset Balanced Advantage Fund Regular Growth

Very High Risk

2.1%1.0%₹1534.21 Cr21.6%

About the AMC

Total AUM

₹6,706 Cr

Address

Mumbai, 400013

Other Funds by ITI Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
ITI Focused Equity Fund Direct Growth

Very High Risk

0.4%1.0%₹334.16 Cr-
ITI Liquid Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹33.83 Cr7.0%
ITI Ultra Short Duration Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹146.86 Cr7.4%
ITI Multi Cap Fund Direct Growth

Very High Risk

0.5%1.0%₹1064.54 Cr55.1%
ITI Value Fund Direct Growth

Very High Risk

0.5%1.0%₹199.41 Cr53.7%
ITI Conservative Hybrid Fund Direct Growth

Moderate Risk

0.2%0.0%₹14.80 Cr8.9%
ITI Dynamic Bond Fund Direct Growth

Moderate Risk

0.1%0.0%₹37.96 Cr6.9%
ITI Balanced Advantage Fund Direct Growth

Very High Risk

0.6%1.0%₹339.71 Cr27.9%
ITI Small Cap Fund Direct Growth

Very High Risk

0.2%1.0%₹1770.83 Cr67.9%
ITI Large Cap Fund Direct Growth

Very High Risk

0.5%1.0%₹269.80 Cr42.1%
ITI Banking & PSU Debt Fund Direct Growth

Moderate Risk

0.1%0.0%₹30.01 Cr7.0%
ITI Banking and Financial Services Fund Direct Growth

Very High Risk

0.4%1.0%₹258.30 Cr21.9%
ITI Arbitrage Fund Direct Growth

Low Risk

0.2%0.0%₹22.15 Cr8.4%
ITI Overnight Fund Direct Growth

Low Risk

0.1%0.0%₹200.45 Cr6.6%
ITI Mid Cap Fund Direct Growth

Very High Risk

0.4%1.0%₹748.32 Cr64.5%
ITI Long Term Equity Fund Direct Growth

Very High Risk

0.5%0.0%₹301.77 Cr54.7%
ITI Pharma and Healthcare Fund Direct Growth

Very High Risk

0.4%1.0%₹160.39 Cr46.7%
ITI Flexi Cap Fund Direct Growth

Very High Risk

0.4%1.0%₹860.00 Cr53.2%

Risk Level

Your principal amount will be at Very High Risk

Very High Risk
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The NAV of ITI Balanced Advantage Fund Direct Growth, as of 19-Apr-2024, is ₹14.47.
The fund has generated 27.91% over the last 1 year and 14.39% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
The fund's allocation of assets is distributed as 47.16% in equities, 13.53% in bonds, and 39.31% in cash and cash equivalents.
The fund managers responsible for ITI Balanced Advantage Fund Direct Growth are:-
  1. Vikrant Mehta
  2. Vishal Jajoo
  3. Rajesh Bhatia