ITI Balanced Advantage Fund Direct Growth
ITI Balanced Advantage Fund Direct Growth

ITI Balanced Advantage Fund Direct Growth

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Hybrid
Direct
Dynamic Asset Allocation

NAV: ₹ 11.5 as on 08-12-2022

Fund Performance
zero opening, trading, fund transfer fee
11 people have invested ₹ 10.5K in mutual fund in the last three months

Fund Performance

Return
1M
3M
6M
1Y
This Fund
1.4%
3.2%
7%
-0.7%
Benchmark
1.1%
2.4%
8.8%
6.6%
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, Pratibh Agarwal, Tanay Gabhawala, Dhimant Shah. This fund gives you the benefit of diversification.

Key parameters

1) ITI Balanced Advantage Fund Direct Growth has a NAV of 11.4672 as on 08-12-2022.

2) ITI Balanced Advantage Fund Direct Growth has 544 Cr worth of assets under management (AUM) as on 31-10-2022 and is less than category average.

3) The fund has an expense ratio 0.35 %.

Fund Overview

Expense ratio
Expense ratio
0.35%
Benchmark
Benchmark
AUM
AUM
₹544 Cr
Inception Date
Inception Date
31 December, 2019
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹500
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
1509.97%

Fund Distribution

  • Equity 53.2%
  • Debt & Cash 46.8%
Size breakup
Large cap
65.7%
Mid cap
0.2%

Sector Allocation

Oct'22

Sep'22

Aug'22

Financial Services

32.7%

Energy

14.8%

Consumer Cyclical

13.7%

Tech

13.6%

Basic Materials

6.5%

Consumer Defensive

6.2%

Utilities

4.5%

Industrial

3.4%

Health

2.9%

Communication

1.7%

Top Holdings

  • All
  • Equity
  • Debt & Cash
Total Holdings76
Equity Holdings67
Debt Holdings9
Holdings
Weight%
Holdings Trend
1M Change
icon
Reliance Industries Ltd
6.08%
0%
icon
Chennai Petroleum Corporation Ltd.
6.05%
100%
icon
Maruti Suzuki India Ltd
5.56%
0%
icon
Future on Maruti Suzuki India Ltd
4.98%
100%
icon
91 DTB 08122022
4.59%
0%

What changed

in last one month
  • Scheme
  • Portfolio
AUM increased by 6.6 Cr in last 1M
Oct'22 return underperformed benchmark

Change in AUM

Oct'22
₹ 561.9 Cr
Sep'22
₹ 555.3 Cr
Aug'22
₹ 580.7 Cr

Fund Returns vs Benchmark

Oct'22
2.90%
5.19%
Sep'22
-1.76%
-1.39%
Aug'22
1.37%
2.56%
Fund Return
Benchmark Return

Concentration Analysis

Fund
Oct'22
Oct'22
Aug'22
No of Holdings
75
77
82
Top 5 Company Concentration
21.5%
27.2%
29.4%
Company having highest exposure
Maruti Suzuki India Ltd (5.7%)
ICICI Bank Ltd (8.6%)
ICICI Bank Ltd (8.4%)
No of Sectors
13
13
13
Top 5 Sectors Concentration
77.6%
83.4%
86.3%
Sector having highest exposure
Cash Equivalent (34.8%)
Cash Equivalent (45.5%)
Cash Equivalent (59.2%)

Fund Manager

Vikrant Mehta

Vikrant Mehta

Managing this fund since 10 February 2022

Top funds managed

Scheme
Annualised Returns(3Y)
Category Returns(3Y)
ITI Balanced Advantage Fund Direct Growth
0%
11.78%
ITI Overnight Fund Direct Growth
3.66%
--
Indiabulls Multi Cap Fund Direct Growth
0%
21.27%
Pratibh Agarwal

Pratibh Agarwal

Managing this fund since 1 October 2022

Top funds managed

Scheme
Annualised Returns(3Y)
Category Returns(3Y)
ITI Balanced Advantage Fund Direct Growth
0%
11.78%
ITI Multi Cap Fund Direct Growth
11.64%
21.27%
ITI Small Cap Fund Direct Growth
0%
32.74%
Tanay Gabhawala

Tanay Gabhawala

Managing this fund since 21 October 2022

Top funds managed

Scheme
Annualised Returns(3Y)
Category Returns(3Y)
ITI Balanced Advantage Fund Direct Growth
0%
11.78%
ITI Multi Cap Fund Direct Growth
11.64%
21.27%
ITI Small Cap Fund Direct Growth
0%
32.74%
Dhimant Shah

Dhimant Shah

Managing this fund since 8 August 2022

Top funds managed

Scheme
Annualised Returns(3Y)
Category Returns(3Y)
ITI Balanced Advantage Fund Direct Growth
0%
11.78%
ITI Multi Cap Fund Direct Growth
11.64%
21.27%
ITI Small Cap Fund Direct Growth
0%
32.74%

AMC details

Address
Naman Midtown “A” Wing, 21st Floor, Senapati Bapat Marg, Elphinstone Road
Phone
022-66214999
Fund House
ITI Asset Management Limited

Fund Highlights

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 4.77% since inception which is less than its category average return of 9.57%
Fund Allocations

Fund Allocations

This fund has an allocation of 53.16% in Equity, 12% in Debt and 34.84% in Cash related instruments
AUM size ₹544 Cr

AUM size ₹544 Cr

This fund has AUM of ₹544 Cr which is less than its category average of ₹ 7631 Cr
Expense Ratio 0.35%

Expense Ratio 0.35%

This fund has an expense ratio of 0.35% which is less than its category average expense ratio of 1.4%

Frequently Asked Questions

The current NAV of ITI Balanced Advantage Fund Direct Growth is 11.5.
Existing (Absolute + CAGR)
ITI Balanced Advantage Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
2.06%
2.06%
6 Month Returns
6.84%
6.84%
1 Year Returns
0.9%
0.9%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
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  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.35 as on November 2022
562 Cr as on November 2022
Maruti Suzuki India Ltd(5.72%),Reliance Industries Ltd(5.5%),Tata Consultancy Services Ltd(3.87%),HDFC Bank Ltd(3.28%),ICICI Bank Ltd(3.16%) as on November 2022
Cash Equivalent(34.84%),Financial Services(17.4%),Corporate(10.23%) as on November 2022
AAA
100
Vikrant Mehta,Pratibh Agarwal,Tanay Gabhawala,Dhimant Shah are the fund managers of ITI Balanced Advantage Fund Direct Growth
The Exit load of ITI Balanced Advantage Fund Direct Growth is 1%

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Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns.