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ITI Balanced Advantage Fund

ITI Balanced Advantage Fund

Regular PlanGrowth Option

Fund Performance

Lumpsum

SIP

3 Years

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NAV Performance

ITI Balanced Advantage Fund performance graph for last 3 years
Performance of ITI Balanced Advantage Fund for last 3 Years

Fund Information

  • ₹ 10.633

    as on 23 Sep 2021
  • Regular - Growth

  • -

  • ₹ 5,000

  • ₹ 205 Cr.

    as on 23 Sep 2021
  • 2.59%

    since 31 May 2021
  • 30 Dec 2019

  • Hybrid - Dynamic Asset Allocation or Balanced Advantage

  • Nifty 50

  • ITI mutual fund

    Show All Funds

Highlights of this fund

ITI Balanced Advantage Fund is an Open-ended Hybrid Fund. The fund belongs to Dynamic Asset Allocation or Balanced Advantage category, where the investment is done in predominantly in stocks that are listed on Stock Exchanges like the Bombay Stock Exchange (BSE) or the National Stock Exchange (NSE) in India as well as Global stock exchanges like the Dow Jones, London Stock Exchange or LSE etc. This fund was started on 30 Dec 2019. This fund is offered by one of the top AMC (Assets Management Company) ITI mutual fund. You can also view here all other Hybrid funds offered by ITI mutual fund.

Latest NAV of the fund is ₹ 10.633 as on 23 Sep 2021.

This fund has 1 years of track record. Since 31 May 2021 expense ratio of this fund is 2.59%. Ideally you shoulds compare this fund with the benchmark Nifty 50.

You can invest in this fund in SIP with the minimum investment of ₹ 500. Lumpsum invest is offered with minimum investment of ₹ 5,000.

Fund Objective

The investment objective of the Scheme is to seek capital appreciation by investing in equity and equity related securities and fixed income instruments.

List of Fund Managers of ITI Balanced Advantage Fund

  • About Rohan Korde

    Picture of Rohan  Korde
  • About Pradeep Gokhale

    Picture of Pradeep GokhaleMr Pradeep is a qualified Chartered Accountant from Institute of Chartered Accountants of India, New Delhi and a Chartered Financial Analyst from CFA Institute – USA. Prior to joining ITI Asset Management Ltd., he has worked with Tata Asset Management Ltd., CARE Ratings Ltd., Bombay Dyeing, Tata International and Lubrizol India Ltd. He has over 23 years of extensive experience in Fund Management, Equity Research, Credit Evaluation and Ratings. During his 15-year stint at Tata Asset Management Ltd., he managed a broad spectrum of schemes across large cap (Tata Large Cap Fund), multi cap (Tata Large and Midcap Fund, Tata India Tax Savings Fund and the equity portion of Tata Hybrid Equity Fund), offshore fund (Tata India Offshore Opportunities Fund) and thematic funds (Tata Ethical Fund) with assets under management exceeding Rs. 5,000 crores. He was responsible for heading the equity research function and also for tracking various sectors and a wide variety of stocks. On the other hand, at CARE, he took care of multiple ratings and advisory assignments of companies across manufacturing, financial services and other services sectors.
  • About George Heber Joseph

    Picture of George Heber JosephMr George holds dual Bachelor's Degrees in English Language & Literature and Commerce. He is a qualified CA from Institute of Chartered Accountants of India, New Delhi and a Cost and Management Accountant from Institute of Cost Accountants of India, Kolkata. Prior to joining ITI Asset Management Ltd., he has worked with ICICI Prudential Asset Management Ltd., Tanfac Industries Ltd. (Aditya Birla Group), Cholamandalam Investments & Finance Co. Ltd., Met Life India, Wipro and DSP Merrill Lynch Ltd. based in India and abroad. His last stint was at ICICI Prudential Asset Management Co. Ltd. Mumbai, where he spent more than a decade managing some of the large flagship fund strategies in the equity and hybrid categories with assets under management exceeding Rs. 10,000 crores. All funds (Multicap, ELSS – Long Term Equity Fund, Child Care) and discretionary portfolios (Wellness, Exports, Flexicap, Largecap, PIPE/Smallcap) managed by him during this entire period were excellent performers in their respective categories. There, he was designated as Senior Fund Manager (Vice President Grade) based in Mumbai, India and was one of the Key Management Personnel in the company and was part of the investment management team. He is known for his focus on extensive bottom-up research and stock-picking capabilities, has overseen fund managers activities and managed various research analysts during his tenure.

Riskometer : Risk associated with this fund

Investors understand that their principal will be at Moderately High Risk

Fund Return Comparison

Fund Name 1 Month 3 Months 6 Months 1 Year 2 Years 3 Years 5 Years 10 Years 1 Year 2 Years 3 Years 5 Years 10 Years
Category Best 7.25% 9.37% 15.19% 58.24% 22.45% 15.94% 13.28% 13.54% 45.61% 34.55% 23.80% 17.18% 14.16%
Category Average 3.67% 5.91% 10.54% 27.30% 14.48% 10.94% 9.61% 12.60% 24.36% 21.59% 16.31% 12.06% 12.34%
ITI Balanced Advantage Fund 6.47%₹ 10,646 4.97%₹ 10,496 13.18%₹ 11,318 26.88%₹ 12,688 27.21%₹ 13,702 - - - - - - - -
Aditya Birla Sun Life Balanced Advantage Fund 3.64%₹ 10,364 6.10%₹ 10,610 12.59%₹ 11,258 34.84%₹ 13,484 27.99%₹ 13,749 16.26%₹ 13,521 25.25%₹ 30,603 13.27%₹ 14,545 19.23%₹ 47,772 10.69%₹ 16,619 13.55%₹ 84,301 - -
Edelweiss Balanced Advantage Fund 4.97%₹ 10,496 8.79%₹ 10,878 15.10%₹ 11,509 37.57%₹ 13,757 34.44%₹ 14,135 22.45%₹ 15,002 30.21%₹ 31,965 15.94%₹ 15,604 23.80%₹ 50,903 13.28%₹ 18,657 17.18%₹ 92,176 12.41%₹ 32,239 13.41%₹ 2,41,673
ICICI Prudential Balanced Advantage Fund 3.28%₹ 10,328 4.80%₹ 10,479 9.56%₹ 10,955 29.56%₹ 12,955 23.76%₹ 13,492 14.82%₹ 13,188 22.52%₹ 29,859 12.72%₹ 14,334 17.67%₹ 46,729 10.71%₹ 16,636 13.31%₹ 83,790 13.48%₹ 35,438 12.84%₹ 2,34,440
DSP Dynamic Asset Allocation Fund 2.35%₹ 10,235 4.06%₹ 10,405 8.51%₹ 10,850 21.89%₹ 12,189 17.65%₹ 13,118 12.28%₹ 12,610 17.09%₹ 28,405 11.40%₹ 13,836 14.31%₹ 44,544 8.67%₹ 15,158 11.08%₹ 79,291 - -
L&T Balanced Advantage Fund 3.48%₹ 10,347 5.39%₹ 10,539 9.17%₹ 10,917 17.36%₹ 11,736 17.77%₹ 13,125 12.81%₹ 12,730 16.86%₹ 28,344 10.09%₹ 13,352 13.79%₹ 44,210 8.76%₹ 15,217 10.65%₹ 78,451 - -

Portfolio Holdings

Portfolio holdings pattern of ITI Balanced Advantage Fund as on 24 Sep 2021 are listed below:

  • Equity Holdings:

    61.94%
  • Debt Holdings:

    17.56%
  • Others Holdings:

    20.50%

Top Sector Holdings of ITI Balanced Advantage Fund

Name of SectorHolding PercentageHolding Values in Crore
Pharmaceuticals 12.51% ₹ 25.67 Cr.
Cigarettes 9.59% ₹ 19.69 Cr.
Computers - software 7.20% ₹ 14.78 Cr.
Commercial vehicles 6.85% ₹ 14.05 Cr.
Refineries/marketing 6.63% ₹ 13.61 Cr.
Others 57.22% -

Top Stock Holdings of ITI Balanced Advantage Fund

Name of StocksHolding PercentageHolding Values in Crore
Lupin Ltd. 9.78% ₹ 20.07 Cr.
ITC Limited 9.59% ₹ 19.69 Cr.
HCL Technologies Limited 7.20% ₹ 14.78 Cr.
Eicher Motors Ltd. 6.85% ₹ 14.05 Cr.
Reliance Industries Ltd. 6.63% ₹ 13.61 Cr.
Others 59.95% -

Top Debt Instrument Type holdings of ITI Balanced Advantage Fund

Instrument TypeHolding PercentageHolding Values in Crore
NCD & Bonds 9.28% ₹ 19.04 Cr.
GOI 7.31% ₹ 15.00 Cr.
CD 0.97% ₹ 2.00 Cr.
Others 82.44% -

Top Debt Holdings of ITI Balanced Advantage Fund

Name of Debt InstrumentHolding PercentageHolding Values in Crore
Bond - Govt of India 7.31% ₹ 15.00 Cr.
Bond - National Bank for Agriculture & Rural Development 3.89% ₹ 7.99 Cr.
Bond - Small Industries Development Bank Of India 3.42% ₹ 7.01 Cr.
Bond - Rural Electrification Corporation Limited 1.97% ₹ 4.04 Cr.
Bond - Axis Bank Ltd. 0.97% ₹ 2.00 Cr.
Others 82.44%

Other Holdings

Holding TypeHolding Percentage
TREPS 14.05%
Net Receivables 6.45%