ITI Balanced Advantage Fund Direct Growth

ITI Balanced Advantage Fund Direct Growth

Hybrid

Direct

Dynamic Asset Allocation

NAV as on 06-12-2024

₹ 15.95

0.5%

1D

Inception Returns

9.9%

/yr

About ITI Balanced Advantage Fund Direct Growth

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

Key Parameters

  1. ITI Balanced Advantage Fund Direct Growth has ₹382 Cr worth of assets under management (AUM) as on Oct 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 9.94% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 20.64% and 11.86% respectively.

Holdings

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

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
19 people have invested ₹ 57.2K in ITI Balanced Advantage Fund Direct Growth in the last three months

ITI Balanced Advantage Fund Direct Growth Overview

Expense ratio0.63%
Benchmark
null
AUM₹382 Cr
Inception Date31 December, 2019
Min Lumpsum/SIP₹5000/₹500
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
686.44%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Moderately High risk

Trailing Returns

as on (06-Dec-24)

Period
ITI Balanced Advantage Fund Direct Growth
Dynamic Asset Allocation Index
1M
3.1%
1.8%
3M
1.9%
-0.7%
6M
11.7%
8.1%
1Y
20.6%
18.6%
3Y
11.9%
12.8%

Fund Distribution

as on (31-Oct-24)

  • Equity 46.9%

  • Debt & Cash 53.1%

Large cap
58.4%

Small cap
3.9%

Mid cap
3.5%

Sector Allocation

Oct'24

Sep'24

Aug'24

Financial Services
34.1%
Tech
11%
Consumer Cyclical
8.8%
Energy
8.5%
Basic Materials
8.2%
Industrial
7.2%
Utilities
6.8%
Communication
5.7%
Health
5%
Consumer Defensive
4.3%
Real Estate
0.5%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 381.9 Cr
₹ 390.7 Cr
₹ 384.1 Cr
  • AUM of the fund stands at 381.9 Cr as of Oct'24
  • AUM decreased by 8.8 Cr between Oct'24 and Sep'24

Top 3 Sectors in October were Financial Services, Corporate & Government

Oct'24
Financial Services
34%
Tech
11%
Consumer Cyclical
9%
Sep'24
Financial Services
37%
Corporate
19%
Government
11%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
66
60
55
Top 5 Company Concentration
22.1%
23.8%
23.6%
Company having highest exposure
HDFC Bank Ltd (7%)
HDFC Bank Ltd (6.8%)
HDFC Bank Ltd (6.6%)
No of Sectors
12
13
13
Top 5 Sectors Concentration
70.6%
89.1%
94%
Sector having highest exposure
Financial Services (34.1%)
Financial Services (37.4%)
Financial Services (37.9%)
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Fund House
ITI Asset Management Limited
Total Schemes
Total AUM
₹9.95K Cr
as on 31-Oct-2024
Address
Naman Midtown “A” Wing, 21st Floor, Senapati Bapat Marg, Elphinstone Road
Phone
022-66214999
Website
mfassist@itiorg.com

ITI Balanced Advantage Fund Direct Growth Highlights

Risk meter
pointer

Moderately High risk

Investors understand that their principal will be at Moderately High risk
About the fund

About the fund

This fund has delivered an average annual returns of 9.94% since inception which is less than its category average return of 12.37%
Fund Allocations

Fund Allocations

This fund has an allocation of 46.88% in Equity, 2.09% in Debt and 51.03% in Cash related instruments
AUM size ₹382 Cr

AUM size ₹382 Cr

This fund has AUM of ₹382 Cr which is less than its category average of ₹ 8943 Cr
Expense Ratio 0.63%

Expense Ratio 0.63%

This fund has an expense ratio of 0.63% which is less than its category average expense ratio of 1.36%

Frequently Asked Questions for ITI Balanced Advantage Fund Direct Growth

The current NAV of ITI Balanced Advantage Fund Direct Growth is ₹15.95 as on 06-Dec-2024.
Existing (Absolute + CAGR) as on 06-Dec-2024.
ITI Balanced Advantage Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.05%
3.05%
6 Month Returns
11.68%
11.68%
1 Year Returns
20.64%
20.64%
3 Years Returns
39.96%
11.86%
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.
0.63% as on November 2024
₹382 Cr as on November 2024
HDFC Bank Ltd(7.01%), Reliance Industries Ltd(4.6%), Infosys Ltd(4.2%), 6.89% Govt Stock 2025(3.93%), NTPC Ltd(3.45%) as on November 2024
Cash Equivalent(51.03%), Financial Services(15.97%), Tech(5.17%) as on November 2024
AAA
100
The Exit load of ITI Balanced Advantage Fund Direct Growth is 1%