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ITI Balanced Advantage Fund

ITI Balanced Advantage Fund

Regular PlanGrowth Option

Fund Performance

Lumpsum

SIP

-4.80

as on 03 Oct 2022

1 Year

Investment of ₹ 10,000 in this fund 1 Year back would be ₹ 9,520 today.

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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

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 ₹ 10.217 as on 03 Oct 2022.

This fund has 2 years of track record. Since 30 Nov 2021 expense ratio of this fund is 2.64%. 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 1.04% 10.78% 9.82% 25.12% 31.97% 16.21% 12.27% 12.81% 12.21% 19.24% 21.33% 15.25% 13.64%
Category Average -1.30% 5.49% 2.10% 3.26% 12.92% 10.19% 7.83% 11.23% 3.66% 7.30% 10.46% 9.04% 10.57%
ITI Balanced Advantage Fund -1.87%₹ 9,812 1.51%₹ 10,150 -4.46%₹ 9,554 -4.80%₹ 9,520 -7.00%₹ 11,541 9.56%₹ 12,010 1.99%₹ 24,497 - - - - - -
Edelweiss Balanced Advantage Fund -1.80%₹ 9,820 5.78%₹ 10,577 -0.81%₹ 9,919 -0.53%₹ 9,946 0.22%₹ 12,014 15.40%₹ 13,328 6.69%₹ 25,690 14.49%₹ 15,012 12.11%₹ 43,142 10.63%₹ 16,574 11.73%₹ 80,565 10.89%₹ 28,123 10.94%₹ 2,11,753
ICICI Prudential Balanced Advantage Fund -0.89%₹ 9,911 4.91%₹ 10,491 2.87%₹ 10,287 5.61%₹ 10,560 6.48%₹ 12,416 15.88%₹ 13,439 9.83%₹ 26,497 12.28%₹ 14,159 12.98%₹ 43,689 9.84%₹ 15,994 11.39%₹ 79,877 12.17%₹ 31,545 11.26%₹ 2,15,485
Aditya Birla Sun Life Balanced Advantage Fund -1.35%₹ 9,865 5.14%₹ 10,514 0.45%₹ 10,045 -0.05%₹ 9,994 1.72%₹ 12,111 14.62%₹ 13,146 6.27%₹ 25,581 11.20%₹ 13,754 10.57%₹ 42,184 7.93%₹ 14,646 9.67%₹ 76,533 - -
HDFC Balanced Advantage Fund -2.31%₹ 9,768 7.88%₹ 10,787 4.18%₹ 10,418 8.32%₹ 10,831 10.07%₹ 12,643 30.78%₹ 17,128 17.58%₹ 28,523 16.54%₹ 15,835 20.60%₹ 48,675 12.06%₹ 17,679 14.98%₹ 87,301 12.62%₹ 32,839 13.51%₹ 2,42,864
Union Balanced Advantage Fund -1.58%₹ 9,842 4.40%₹ 10,439 -0.20%₹ 9,979 0.13%₹ 10,013 0.99%₹ 12,064 11.16%₹ 12,363 4.41%₹ 25,110 11.26%₹ 13,775 9.44%₹ 41,496 - - - -

Portfolio Holdings

Portfolio holdings pattern of ITI Balanced Advantage Fund as on 04 Oct 2022 are listed below:

  • Equity Holdings:

    70.39%
  • Debt Holdings:

    4.75%
  • Others Holdings:

    24.86%

Top Sector Holdings of ITI Balanced Advantage Fund

Name of SectorHolding PercentageHolding Values in Crore
Banks 21.45% ₹ 110.77 Cr.
Computers - Software 8.37% ₹ 42.65 Cr.
Refineries/Marketing 7.05% ₹ 37.42 Cr.
Cigarettes 5.24% ₹ 26.72 Cr.
NBFC 4.25% ₹ 24.90 Cr.
Others 53.64% -

Top Stock Holdings of ITI Balanced Advantage Fund

Name of StocksHolding PercentageHolding Values in Crore
Reliance Industries Ltd. 6.64% ₹ 33.87 Cr.
Axis Bank Ltd. 6.50% ₹ 33.14 Cr.
ITC Limited 5.24% ₹ 26.72 Cr.
Tata Consultancy Services Ltd. 4.07% ₹ 20.75 Cr.
Hindustan Unilever Ltd. 4.05% ₹ 20.68 Cr.
Others 73.50% -

Top Debt Instrument Type holdings of ITI Balanced Advantage Fund

Instrument TypeHolding PercentageHolding Values in Crore
NCD & Bonds 3.19% ₹ 16.27 Cr.
CD 1.56% ₹ 7.94 Cr.
Others 95.25% -

Top Debt Holdings of ITI Balanced Advantage Fund

Name of Debt InstrumentHolding PercentageHolding Values in Crore
Bond - National Bank for Agriculture & Rural Development 2.60% ₹ 13.25 Cr.
Bond - HDFC Bank Ltd. 1.56% ₹ 7.94 Cr.
Bond - National Housing Bank 0.59% ₹ 3.02 Cr.
Others 95.25%

Other Holdings

Holding TypeHolding Percentage
Net Receivables 12.55%
TREPS 12.31%