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
- 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.
- The fund has an expense ratio 0.6.
Returns
ITI Balanced Advantage Fund Direct Growth has given a CAGR return of 9.73% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 25.68% and 13.17% 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 benefitGains 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 Overview
| Expense ratio | 0.62% |
Benchmark | null |
| AUM | ₹379 Cr |
| Inception Date | 31 December, 2019 |
| Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 1% |
| Lock In | No Lock-in |
TurnOver | 742.67% |
| Risk |   Very High Risk |
Fund Distributionas on (30-Jun-24)
as on (30-Jun-24)
ITI Balanced Advantage Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹379 Cr
Expense Ratio 0.62%
Frequently Asked Questions
ITI Balanced Advantage Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.01% | 3.01% |
6 Month Returns | 10.5% | 10.5% |
1 Year Returns | 25.68% | 25.68% |
3 Years Returns | 44.93% | 13.17% |
5 Years Returns | 0% | 0% |
- 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.
AAA | 100 |