ITI Balanced Advantage Fund - Direct (G)


Dynamic Asset Allocation or Balanced Advantage
  • NAV 14.47 (0.70%)
  • Fund Size (Cr) ₹327.05
  • Expense Ratio 0.6
  • Scheme Type Active Fund
  • Value Research Stars
  • Minimum investment ₹5000
  • Minimum Additional Investment ₹1000
  • Minimum SIP Investment ₹500
  • Minimum Withdrawal ₹1000
  • Exit Load 0%
  • Return Since Launch 9.27%

Basic Details

Scheme Manager
Rajesh Bhatia
Bench Mark
NIFTY 50 Hybrid Composite Debt 50:50 Index
Type
OPEN

Lumpsum Returns

  • Period Invested For
  • ₹10000 Invested on
  • Latest Value
  • Absolute Returns
  • Annualised Returns
  • Category Avg
  • Rank within Category
  • 1 Week
  • 23-Feb-24
  • 10005.12
  • 0.05%
  • -
  • 0.29%
  • 112/133
  • 1 Month
  • 01-Feb-24
  • 10312.05
  • 3.12%
  • -
  • 2.23%
  • 17/133
  • 3 Month
  • 01-Dec-23
  • 11126.24
  • 11.26%
  • -
  • 8.56%
  • 20/125
  • 6 Month
  • 01-Sep-23
  • 11835.68
  • 18.36%
  • -
  • 13.36%
  • 16/125
  • 1 Year
  • 01-Mar-23
  • 12882.37
  • 28.82%
  • 28.82%
  • 25.18%
  • 20/117
  • 3 Year
  • 01-Mar-21
  • 15046.43
  • 50.46%
  • 14.59%
  • 12.75%
  • 10/91
  • 5 Year
  • -
  • -
  • -
  • -
  • -
  • -/-
  • Since Inception
  • 31-Dec-19
  • 14470.9
  • 44.71%
  • 9.27%
  • 12.61%
  • 110/137

Note: Lumpsum Returns since Inception Date.

SIP Returns

  • Period Invested For
  • ₹10000 Invested on
  • Investments
  • Latest Value
  • Absolute Returns
  • Annualised Returns
  • 1 Year
  • 01-Mar-23
  • 130000
  • 151810.08
  • 16.78%
  • 16.78%
  • 3 Year
  • 01-Mar-21
  • 370000
  • 471808.14
  • 27.52%
  • 8.44%
  • 5 Year
  • -
  • -
  • -
  • -
  • -
  • 10 Year
  • -
  • -
  • -
  • -
  • -

Note: SIP Returns since Inception Date.

Tax Treatment

If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.

Mutual Funds Calculator

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Risk Ratios

  • Standard Deviation
    2.26%
  • Beta
    0.46%
  • Sharpe Ratio
    0.93%
  • Treynor’s Ratio
    0.12%
  • Jension’s Alpha
    3.28%

Asset Allocation

There is no Asset Allocation data.

Sector Allocation

There is no Sector Allocation data.

Top 10 stock holding in portfolio

  • Stock Invested in
  • % of Total Holdings
  • Quantity
  • Value (Cr)
  • Asset Type
  • Segment
  • Reliance Industr
  • 5.78%
  • 66277
  • 18.91
  • Equity
  • Refineries
  • HDFC Bank
  • 5.31%
  • 118800
  • 17.38
  • Equity
  • Banks
  • Infosys
  • 4.64%
  • 91328
  • 15.17
  • Equity
  • IT - Software
  • NTPC
  • 3.13%
  • 322428
  • 10.24
  • Equity
  • Power Generation & Distribution
  • LTIMindtree
  • 2.87%
  • 17240
  • 9.39
  • Equity
  • IT - Software
  • Zomato Ltd
  • 2.85%
  • 668907
  • 9.33
  • Equity
  • E-Commerce/App based Aggregator
  • Bharti Airtel PP
  • 2.78%
  • 117970
  • 9.08
  • Equity
  • Telecomm-Service
  • ICICI Bank
  • 2.62%
  • 83440
  • 8.58
  • Equity
  • Banks
  • Titan Company
  • 2.46%
  • 21757
  • 8.04
  • Equity
  • Diamond, Gems and Jewellery
  • Sun Pharma.Inds.
  • 2.46%
  • 56745
  • 8.05
  • Equity
  • Pharmaceuticals

Peer Comparison

  • Scheme Name
  • Value Research
  • Asset Size (Cr)
  • 1M
  • 3M
  • 6M
  • 1Y
  • 3Y
  • ITI Balanced Advantage Fund - Direct (G)
  • Stars
  • 327.05
  • 3.12%
  • 11.26%
  • 18.36%
  • 28.82%
  • 14.59%
  • HDFC Balanced Advantage Fund - Direct (G)
  • Stars
  • 77011.15
  • 2.09%
  • 12.23%
  • 22.04%
  • 41.82%
  • 23.98%
  • HDFC Balanced Advantage Fund - Direct (IDCW)
  • Stars
  • 77011.15
  • 2.09%
  • 12.23%
  • 22.03%
  • 41.80%
  • 23.32%
  • Mahindra Manulife Balanced Advantage Fund-Dir (G)
  • Stars
  • 672.04
  • 2.69%
  • 11.33%
  • 16.39%
  • 33.57%
  • -
  • Mahindra Manulife Balanced Advantage Fund-Dir (IDCW)
  • Stars
  • 672.04
  • 2.69%
  • 11.33%
  • 16.39%
  • 33.57%
  • -
  • NJ Balanced Advantage Fund - Direct (G)
  • Stars
  • 3935.41
  • 2.87%
  • 10.87%
  • 18.82%
  • 32.73%
  • -

News

  • ITI Balanced Advantage Fund Announces Income Distribution cum capital withdrawal (IDCW) ITI Mutual Fund has announced 19 January 2024 as the record date for declaration of Income Distribution cum capital withdrawal (IDCW) under the monthly IDCW option of ITI Balanced Advantage Fund. The amount of IDCW on the face value of Rs 10 per unit will be:

    Regular Plan ? Monthly IDCW Option: Rs 0.40

    Direct Plan ? Monthly IDCW Option: Rs 0.40

    Powered by Capital Market - Live News

  • ITI Mutual Fund Announces change in Fund Manager ITI Mutual Fund has announced that the following change in Fund Managers will be effected in scheme(s) of ITI Mutual Fund (?the Fund?), with effect from January 01, 2024:

    Change in the Fund Manager of scheme(s) of ITI Mutual Fund

    Name of the Scheme Existing Fund Manager Revised Fund Manager
    ITI Large Cap Fund Mr. Alok Ranjan and Mr. Rohan Korde Mr. Rohan Korde and Mr. Vishal Jajoo
    ITI Arbitrage Fund Mr. Vikrant Mehta and Mr. Alok Ranjan Mr. Vikrant Mehta and Mr. Vikas Nathani

    Powered by Capital Market - Live News

  • ITI MF Announces change in scheme name ITI Mutual Fund has announced change in scheme name under the following scheme, with effect from 15 December 2023:

    Change in the name of the Scheme:

    Existing Name Revised Name
    ITI Banking & PSU Debt Fund ITI Banking and PSU Fund

    Powered by Capital Market - Live News

Fund House Details & Investment Objective

  • Date of Incorporation 09-Dec-2019
  • Total AUM (Cr) ₹327.05

ITI Balanced Advantage Fund - Direct (G) is an Dynamic Asset Allocation or Balanced Advantage-oriented fund from the renowned AMC, ITI Mutual Fund. Launched in Dec 2019, this fund is managed by Rajesh Bhatia. With assets under management (AUM) worth ₹327.05 (Cr), as of 01-Mar-2024, ITI Balanced Advantage Fund - Direct (G) is categorized as a Dynamic Asset Allocation or Balanced Advantage within its segment. The fund has generated a return of 9.27% since its launch.
The current NAV of ITI Balanced Advantage Fund - Direct (G) is ₹14.47, as on 01-Mar-2024. The fund’s benchmark index is NIFTY 50 Hybrid Composite Debt 50:50 Index. You can invest in ITI Balanced Advantage Fund - Direct (G) via both lumpsum and SIP modes. The minimum SIP amount in the fund is ₹500 while the minimum lumpsum investment is ₹5000.
Being an open-ended fund, you can exit the fund anytime subject to applicable exit loads:
10% of the units allotted may be redeemed without any exit load, on or before completion of 3 months from the date of allotment of units. Any redemption in excess of such limit in the first 3 months from the date of allotment shall be subject to the following exit load.  1% if redeemed or switched out on or before completion of 3 months from the date of allotment of units;  Nil, if redeemed or switched out after completion of 3 months from the date of allotment of units.
The fund has generated 14.59% and - CAGR in the last 3 and 5 years respectively.

The fund aims to provide long-term capital appreciation and growth, by investing in a mix of financial instruments 64.64% in Equity, 31.15% in Debt and 4.2% in cash and cash equivalents
The top 5 sectors the fund invests in are: 31.15% in Debt, 13.72% in Banks, 9.47% in IT-Software, 5.78% in Petroleum Products and 5.35% in Pharmaceuticals & Biotech.

FAQs on ITI Balanced Advantage Fund - Direct (G)

ITI Balanced Advantage Fund - Direct (G) is a popular fund in the Dynamic Asset Allocation or Balanced Advantage segment. The fund has generated a return of 9.27% since inception. Looking to invest in ITI Balanced Advantage Fund - Direct (G)? How about earning 1% extra return? All this is possible with m.Stock! Investing in ITI Balanced Advantage Fund - Direct (G) is super easy and convenient with m.Stock. Here’s how you can begin:

  • Login to your m.Stock account. If you do not have an account, open m.Stock Demat account and enjoy 1% extra returns plus Zero Brokerage across products for life.
  • In the ‘Menu’ section, under ‘Products’, select ‘Mutual Funds’ .
  • In the search bar, enter the fund name, in this case, ITI Balanced Advantage Fund - Direct (G)
  • On the top right corner you’ll see two options – Lumpsum and SIP. You can choose either based on your risk appetite and available investible corpus.
  • If you choose to invest a Lumpsum: Enter amount, select payment mode (UPI or Netbanking), and click on ‘invest a lumpsum’. Make the payment and your lumpsum investment is complete.
  • If you choose the SIP route, then enter SIP amount, SIP date, and set up ‘Autopay’ facility.

So, why wait? Invest in ITI Balanced Advantage Fund - Direct (G) today and reap the benefits of this Dynamic Asset Allocation or Balanced Advantage fund!

In the short term, i.e., 1 year, ITI Balanced Advantage Fund - Direct (G) has generated annualised return of 28.82%. In the long-term, the fund has generated 14.59% and - in 3 and 5 years respectively. Since its inception, the fund has generated 9.27% returns.

The expense ratio of ITI Balanced Advantage Fund - Direct (G) Direct Growth is 0.6%. Expense ratio is the fees payable by investors of the scheme towards management, research and overall upkeep of the fund. The higher the expense ratio, the lower is the in-hand return for the investor. Expense ratio for direct plans is lower than regular plans, making them ideal for investors.

The Assets Under Management (AUM) of ITI Balanced Advantage Fund - Direct (G) is ₹327.05 (Cr) as of 01 March 2024. AUM shows the fund’s popularity and is often indicative of fund strength.

Redeeming or selling units of ITI Balanced Advantage Fund - Direct (G) is relatively simple. But before you redeem, ensure that the fund has completed the minimum lock-in period else you will be charged an exit load.

To redeem from ITI Balanced Advantage Fund - Direct (G):

  • Login to your m.Stock account
  • In portfolio, your mutual fund investments will be visible under ‘MF’
  • Select the fund you wish to redeem from (in this case ITI Balanced Advantage Fund - Direct (G)).
  • Click on ‘Redeem’ button
  • You have 2 options – redeem by units and redeem by value (you can only redeem free units)
  • Select units to be redeemed and click on submit.
  • Redemption value will be credited to your account in 2-3 working days (as per timelines set by SEBI).

Yes, you can invest both lumpsum and SIP in ITI Balanced Advantage Fund - Direct (G). Minimum lumpsum investment ITI Balanced Advantage Fund - Direct (G) is ₹5000 and minimum SIP amount is ₹500. Lumpsum option is ideal for investors with higher investible corpus and market experience. SIP option is recommended for retail investors who do not have the time or expertise to time the market.

The latest NAV (Net Asset Value) of ITI Balanced Advantage Fund - Direct (G) is ₹14.47 as on 01 March 2024.

The 5 biggest stock holdings of ITI Balanced Advantage Fund - Direct (G) are:
Reliance Industr (5.78%), HDFC Bank (5.31%), Infosys (4.64%), NTPC (3.13%), LTIMindtree (2.87%)

A majority of ITI Balanced Advantage Fund - Direct (G) 's AUM worth ₹327.05 (Cr) is invested in these 3 top sectors:

  • Debt: 31.15%
  • Banks: 13.72%
  • IT-Software: 9.47%

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