ITI Balanced Advantage Fund Direct Growth

Hybrid
Direct
Dynamic Asset Allocation
ITI Balanced Advantage Fund Direct Growth

About the Fund

ITI Balanced Advantage Fund Direct Growth is a hybrid fund. This fund was started on 31 December, 2019. The fund is managed by Vikrant Mehta. This fund gives you the benefit of diversification.

Key Parameters

  1. ITI Balanced Advantage Fund Direct Growth has ₹379 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
  2. The fund has an expense ratio 0.6.

Returns

ITI Balanced Advantage Fund Direct Growth has given a CAGR return of 9.72% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 25.51% and 13.15% respectively.

Holdings

ITI Balanced Advantage Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Corporate, Government, Energy, Tech, Consumer Cyclical, Health, Industrial, Communication, Utilities, Basic Materials, Consumer Defensive, Real Estate.

Taxation

As it is a dynamic asset allocation mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

Investment objective of ITI Balanced Advantage Fund Direct Growth

The investment objective of the Scheme is to seek capital appreciation by investing in equity and equity related securities and fixed income instruments. The allocation between equity instruments and fixed income will be managed dynamically so as to provide investors with long term capital appreciation. However, there can be no assurance that the investment objective of the scheme will be realized.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. ITI Balanced Advantage Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
10 people have invested ₹ 72.9K in ITI Balanced Advantage Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.62%
Benchmark
null
AUM₹379 Cr
Inception Date31 December, 2019
Min Lumpsum/SIP₹5000/₹500
Exit Load
1%
Lock InNo Lock-in
TurnOver
742.67%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 54.2%

  • Debt & Cash 45.8%

Large cap
55.4%

Small cap
3.7%

Mid cap
1.8%

Sector Allocation

Jun'24

May'24

Apr'24

Financial Services
34.8%
Energy
11%
Tech
10.9%
Consumer Cyclical
9.6%
Health
9.1%
Industrial
7.9%
Communication
5.5%
Utilities
5.4%
Basic Materials
3.9%
Consumer Defensive
1.2%
Real Estate
0.6%
All changes are between Oct'69 and Dec'69

Vikrant Mehta
Vikrant Mehta
Fund Manager of ITI Balanced Advantage Fund Direct Growth, since 10 February 2022

ITI Balanced Advantage Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 9.72% since inception which is less than its category average return of 13.02%
Fund Allocations

Fund Allocations

This fund has an allocation of 54.2% in Equity, 8.43% in Debt and 37.37% in Cash related instruments
AUM size ₹379 Cr

AUM size ₹379 Cr

This fund has AUM of ₹379 Cr which is less than its category average of ₹ 8521 Cr
Expense Ratio 0.62%

Expense Ratio 0.62%

This fund has an expense ratio of 0.62% which is less than its category average expense ratio of 1.31%

Frequently Asked Questions

The current NAV of ITI Balanced Advantage Fund Direct Growth is ₹15.28 as on 23-Jul-2024.
Existing (Absolute + CAGR) as on 23-Jul-2024.
ITI Balanced Advantage Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.11%
3.11%
6 Month Returns
11.15%
11.15%
1 Year Returns
25.51%
25.51%
3 Years Returns
44.86%
13.15%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.62% as on June 2024
₹379 Cr as on June 2024
Reliance Industries Ltd(5.61%), HDFC Bank Ltd(4.7%), 6.89% Govt Stock 2025(4.06%), Infosys Ltd(3.87%), Bharti Airtel Ltd (Partly Paid Rs.1.25)(3.33%) as on June 2024
Cash Equivalent(32.29%), Financial Services(18.88%), Corporate(6.83%) as on June 2024
AAA
100
Vikrant Mehta is the fund manager of ITI Balanced Advantage Fund Direct Growth
The Exit load of ITI Balanced Advantage Fund Direct Growth is 1%