ITI Balanced Advantage Fund Direct Growth

ITI Balanced Advantage Fund Direct Growth

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Hybrid
Direct
Dynamic Asset Allocation
NAV: ₹ 14.5 as on 23-02-2024
Fund Performance
zero opening, trading, fund transfer fee
10 people have invested ₹ 76.2K in ITI Balanced Advantage Fund Direct Growth in the last three months

About the 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 Vikrant Mehta. This fund gives you the benefit of diversification.

Key Parameters

  1. ITI Balanced Advantage Fund Direct Growth has ₹327 Cr worth of assets under management (AUM) as on Jan 2024 and is less than category average.
  2. The fund has an expense ratio 0.6.

ITI Balanced Advantage Fund Direct Growth Overview

Expense ratio
Expense ratio
0.6%
Benchmark
Benchmark
null
AUM
AUM
₹327 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
742.67%

ITI Balanced Advantage Fund Direct Growth Distribution as on (31-Jan-24)

  • Equity 45.3%

  • Debt & Cash 54.7%

Size breakup

Large cap
61.2%
Small cap
5%
Mid cap
4%
Sector Allocation

Jan'24

Dec'23

Nov'23

Financial Services
28.5%
Tech
14.6%
Energy
10.9%
Health
9.1%
Consumer Cyclical
9.1%
Utilities
9%
Industrial
8.2%
Communication
4.3%
Basic Materials
4.3%
Consumer Defensive
1.4%
Real Estate
0.6%

Top Holdings of ITI Balanced Advantage Fund Direct Growth as on (31-Jan-24)

  • Equity

  • Debt & Cash

Equity Holdings37
Debt Holdings8

ITI Balanced Advantage Fund Direct Growth: Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Jan'24
Dec'23
Nov'23
AUM
₹ 324.7 Cr
₹ 324.7 Cr
₹ 320.8 Cr
  • AUM of the fund stands at 324.7 Cr as of Jan'24
  • AUM has remained same between Jan'24 and Dec'23
Fund Portfolio Changes

ITI Balanced Advantage Fund Direct Growth Fund Manager

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 9.26% since inception which is less than its category average return of 12.24%
Fund Allocations

Fund Allocations

This fund has an allocation of 45.32% in Equity, 13.81% in Debt and 40.86% in Cash related instruments
AUM size ₹327 Cr

AUM size ₹327 Cr

This fund has AUM of ₹327 Cr which is less than its category average of ₹ 8132 Cr
Expense Ratio 0.6%

Expense Ratio 0.6%

This fund has an expense ratio of 0.6% which is less than its category average expense ratio of 1.35%

Frequently Asked Questions

The current NAV of ITI Balanced Advantage Fund Direct Growth is ₹14.46 as on 23-Feb-2024.
Existing (Absolute + CAGR) as on 23-Feb-2024.
ITI Balanced Advantage Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
4.21%
4.21%
6 Month Returns
18.5%
18.5%
1 Year Returns
28.25%
28.25%
3 Years Returns
51.34%
14.81%
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.
0.6% as on January 2024
₹327 Cr as on January 2024
Reliance Industries Ltd(5.78%), HDFC Bank Ltd(5.31%), Infosys Ltd(4.64%), 6.89% Govt Stock 2025(4.58%), NTPC Ltd(3.13%) as on January 2024
Cash Equivalent(36.77%), Government(13.35%), Financial Services(12.92%) as on January 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%