ITI Balanced Advantage Fund Direct Growth
HybridDynamic Asset AllocationVery High Risk
Direct
NAV (25-Jul-24)
₹15.27-0.03%1D
Returns (Since Inception)
9.72%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹379 Cr
Expense Ratio
0.62%
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, 6 months and 26 days, having been launched on 31-Dec-19.
As of 25-Jul-24, it has a Net Asset Value (NAV) of ₹15.27, Assets Under Management (AUM) of 378.71 Crores, and an expense ratio of 0.62%.
As of 25-Jul-24, it has a Net Asset Value (NAV) of ₹15.27, Assets Under Management (AUM) of 378.71 Crores, and an expense ratio of 0.62%.
- ITI Balanced Advantage Fund Direct Growth has given a CAGR return of 9.72% since inception.
- The fund's asset allocation comprises around 54.20% in equities, 8.43% in debts, and 37.37% 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
+25.54%
+23.53% (Cat Avg.)
3 Years
+13.16%
+12.79% (Cat Avg.)
Since Inception
+9.72%
— (Cat Avg.)
Portfolio Summaryas of 30th June 2024
| Equity | ₹205.25 Cr | 54.20% |
| Debt | ₹31.94 Cr | 8.43% |
| Others | ₹141.53 Cr | 37.37% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Treps 01-Jul-2024 | Cash - Repurchase Agreement | ₹63.07 Cr | 17.06% |
| Cash Offset For Derivatives | Cash - General Offset | ₹24.88 Cr | 6.73% |
| Reliance Industries Ltd | Equity | ₹20.75 Cr | 5.61% |
| HDFC Bank Ltd | Equity | ₹17.38 Cr | 4.70% |
| Net Receivables / (Payables) | Cash | ₹16.07 Cr | 4.35% |
| 6.89% Govt Stock 2025 | Bond - Gov't/Treasury | ₹14.99 Cr | 4.06% |
| Infosys Ltd | Equity | ₹14.31 Cr | 3.87% |
| Bharti Airtel Ltd (Partly Paid Rs.1.25) | Equity | ₹12.3 Cr | 3.33% |
| NTPC Ltd | Equity | ₹12.2 Cr | 3.30% |
| Axis Bank Ltd | Equity | ₹10.55 Cr | 2.86% |
| ICICI Bank Ltd | Equity | ₹10.01 Cr | 2.71% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹9.93 Cr | 2.69% |
| 364 DTB 05122024 | Bond - Gov't/Treasury | ₹9.71 Cr | 2.63% |
| ICICI Bank Limited | Cash - CD/Time Deposit | ₹8.86 Cr | 2.40% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹8.63 Cr | 2.34% |
| State Bank of India | Equity | ₹7.9 Cr | 2.14% |
| Titan Company Limited | Equity - Future | ₹-7.44 Cr | 2.01% |
| Titan Co Ltd | Equity | ₹7.41 Cr | 2.00% |
| Siemens Ltd | Equity | ₹7.11 Cr | 1.92% |
| Tata Consultancy Services Ltd | Equity | ₹6.9 Cr | 1.87% |
| Power Finance Corporation Ltd. | Bond - Corporate Bond | ₹6.46 Cr | 1.75% |
| SBI Life Insurance Company Limited | Equity | ₹6.45 Cr | 1.74% |
| Mahindra & Mahindra Ltd | Equity | ₹6.37 Cr | 1.72% |
| ICICI Lombard General Insurance Co Ltd | Equity | ₹5.82 Cr | 1.57% |
| Zomato Ltd | Equity | ₹5.77 Cr | 1.56% |
| Mankind Pharma Ltd | Equity | ₹5.68 Cr | 1.54% |
| L & T Finance Holdings Limited | Cash - Commercial Paper | ₹4.91 Cr | 1.33% |
| ABB India Ltd | Equity | ₹4.78 Cr | 1.29% |
| IndusInd Bank Ltd | Equity | ₹4.47 Cr | 1.21% |
| National Housing Bank | Cash - Commercial Paper | ₹4.45 Cr | 1.20% |
| Concord Biotech Ltd | Equity | ₹4.38 Cr | 1.18% |
| PB Fintech Ltd | Equity | ₹4.23 Cr | 1.15% |
| Future on Adani Enterprises Ltd | Equity - Future | ₹-4.13 Cr | 1.12% |
| Adani Enterprises Ltd | Equity | ₹4.1 Cr | 1.11% |
| REC Ltd | Equity | ₹4.06 Cr | 1.10% |
| Home First Finance Co India Ltd --- | Equity | ₹3.95 Cr | 1.07% |
| ICICI Securities Ltd | Equity | ₹3.62 Cr | 0.98% |
| Tata Steel Ltd | Equity | ₹3.6 Cr | 0.97% |
| Future on Tata Steel Ltd | Equity - Future | ₹-3.57 Cr | 0.97% |
| HCL Technologies Ltd | Equity | ₹3.39 Cr | 0.92% |
| Hindalco Industries Ltd | Equity | ₹3.2 Cr | 0.87% |
| HDFC Bank Limited | Bond - Corporate Bond | ₹3 Cr | 0.81% |
| Future on Reliance Industries Ltd | Equity - Future | ₹-2.92 Cr | 0.79% |
| Cummins India Ltd | Equity | ₹2.38 Cr | 0.64% |
| Future on Cummins India Ltd | Equity - Future | ₹-2.38 Cr | 0.64% |
| Future on Tata Motors Ltd | Equity - Future | ₹-2.13 Cr | 0.58% |
| Tata Motors Ltd | Equity | ₹2.12 Cr | 0.57% |
| Ambuja Cements Ltd | Equity | ₹1.93 Cr | 0.52% |
| Tata Consumer Products Ltd | Equity | ₹1.85 Cr | 0.50% |
| Apollo Hospitals Enterprise Ltd | Equity | ₹1.78 Cr | 0.48% |
| Bharat Bijlee Ltd | Equity | ₹1.76 Cr | 0.48% |
| Larsen & Toubro Ltd | Equity | ₹1.74 Cr | 0.47% |
| NTPC Ltd. | Cash - Commercial Paper | ₹1.48 Cr | 0.40% |
| Kotak Mahindra Bank Ltd. | Bond - Corporate Bond | ₹1.47 Cr | 0.40% |
| Future on DLF Ltd | Equity - Future | ₹-1.37 Cr | 0.37% |
| DLF Ltd | Equity | ₹1.36 Cr | 0.37% |
| Future on ITC Ltd | Equity - Future | ₹-0.96 Cr | 0.26% |
| ITC Ltd | Equity | ₹0.95 Cr | 0.26% |
Allocation By Market Cap (Equity)
Large Cap Stocks
51.61%
Mid Cap Stocks
1.15%
Small Cap Stocks
3.71%
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹78.44 Cr | 21.22% |
| Energy | ₹24.85 Cr | 6.72% |
| Technology | ₹24.6 Cr | 6.66% |
| Consumer Cyclical | ₹21.66 Cr | 5.86% |
| Healthcare | ₹20.47 Cr | 5.54% |
| Industrials | ₹17.76 Cr | 4.81% |
| Communication Services | ₹12.3 Cr | 3.33% |
| Utilities | ₹12.2 Cr | 3.30% |
| Basic Materials | ₹8.74 Cr | 2.36% |
| Consumer Defensive | ₹2.8 Cr | 0.76% |
| Real Estate | ₹1.36 Cr | 0.37% |
Risk & Performance Ratios
Standard Deviation
This fund
7.21%
Cat. avg.
7.32%
Lower the better
Sharpe Ratio
This fund
0.97
Cat. avg.
0.83
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.62
Higher the better
Fund Managers
VM
Vikrant Mehta
Since February 2022
VJ
Vishal Jajoo
Since September 2023
Rajesh Bhatia
Since September 2023
Additional Scheme Detailsas of 30th June 2024
ISIN | INF00XX01689 | Expense Ratio | 0.62% | Exit Load | 1.00% | Fund Size | ₹379 Cr | Age | 31 Dec 2019 | 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
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 name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Motilal Oswal Balance Advantage Fund Regular Growth Very High Risk | 2.2% | 1.0% | ₹1226.73 Cr | 25.9% |
| Motilal Oswal Balance Advantage Fund Direct Growth Very High Risk | 1.0% | 1.0% | ₹1226.73 Cr | 27.4% |
| Quant Dynamic Asset Allocation Fund Direct Growth Very High Risk | 0.7% | 1.0% | ₹1196.62 Cr | 57.3% |
| Quant Dynamic Asset Allocation Fund Regular Growth Very High Risk | 2.1% | 1.0% | ₹1196.62 Cr | 54.9% |
| Bandhan Balanced Advantage Fund Direct Growth Moderately High risk | 0.6% | 1.0% | ₹2264.44 Cr | 20.0% |
| Bandhan Balanced Advantage Fund Regular Growth Moderately High risk | 1.9% | 1.0% | ₹2264.44 Cr | 18.5% |
| Mahindra Manulife Balanced Advantage Fund Regular Growth Very High Risk | 2.3% | 1.0% | ₹738.59 Cr | 26.1% |
| Mahindra Manulife Balanced Advantage Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹738.59 Cr | 28.3% |
| Mirae Asset Balanced Advantage Fund Direct Growth High Risk | 0.7% | 1.0% | ₹1655.04 Cr | 21.5% |
| Mirae Asset Balanced Advantage Fund Regular Growth High Risk | 2.1% | 1.0% | ₹1655.04 Cr | 19.8% |
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 | 0.4% | 1.0% | ₹445.78 Cr | 46.7% |
| ITI Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹75.50 Cr | 7.1% |
| ITI Ultra Short Duration Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹229.94 Cr | 7.4% |
| ITI Multi Cap Fund Direct Growth Very High Risk | 0.5% | 1.0% | ₹1333.12 Cr | 52.0% |
| ITI Value Fund Direct Growth Very High Risk | 0.5% | 1.0% | ₹277.58 Cr | 51.9% |
| 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% | ₹56.60 Cr | 8.7% |
| ITI Balanced Advantage Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹378.71 Cr | 25.5% |
| ITI Small Cap Fund Direct Growth Very High Risk | 0.2% | 1.0% | ₹2299.93 Cr | 66.6% |
| ITI Large Cap Fund Direct Growth Very High Risk | 0.5% | 1.0% | ₹345.64 Cr | 38.8% |
| ITI Banking & PSU Debt Fund Direct Growth Moderate Risk | 0.1% | 0.0% | ₹30.46 Cr | 7.7% |
| ITI Banking and Financial Services Fund Direct Growth Very High Risk | 0.4% | 1.0% | ₹271.87 Cr | 13.6% |
| ITI Arbitrage Fund Direct Growth Low Risk | 0.2% | 0.0% | ₹33.58 Cr | 8.3% |
| ITI Overnight Fund Direct Growth Low Risk | 0.1% | 0.0% | ₹33.41 Cr | 6.6% |
| ITI Mid Cap Fund Direct Growth Very High Risk | 0.4% | 1.0% | ₹1056.68 Cr | 70.2% |
| ITI Long Term Equity Fund Direct Growth Very High Risk | 0.5% | 0.0% | ₹363.38 Cr | 55.5% |
| ITI Pharma and Healthcare Fund Direct Growth Very High Risk | 0.4% | 1.0% | ₹173.47 Cr | 45.0% |
| ITI Flexi Cap Fund Direct Growth Very High Risk | 0.4% | 1.0% | ₹1116.40 Cr | 50.2% |
Risk Level
Your principal amount will be at Very 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 25-Jul-2024, is ₹15.27.
What are the returns of ITI Balanced Advantage Fund Direct Growth?
The fund has generated 25.54% over the last 1 year and 13.16% 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 54.20% in equities, 8.43% in bonds, and 37.37% 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:-
- Vikrant Mehta
- 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 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.