ITI Balanced Advantage Fund - Direct (IDCW)


Dynamic Asset Allocation or Balanced Advantage
  • NAV 14.76 (-0.03%)
  • Fund Size (Cr) ₹381.88
  • Expense Ratio 0.63
  • 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 9.77%

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
  • 29-Nov-24
  • 10157.84
  • 1.58%
  • -
  • 1.54%
  • 54/145
  • 1 Month
  • 06-Nov-24
  • 10249.77
  • 2.50%
  • -
  • 1.07%
  • 16/145
  • 3 Month
  • 06-Sep-24
  • 10272.63
  • 2.73%
  • -
  • 0.18%
  • 15/145
  • 6 Month
  • 06-Jun-24
  • 10998.26
  • 9.98%
  • -
  • 7.57%
  • 20/141
  • 1 Year
  • 06-Dec-23
  • 11969.92
  • 19.70%
  • 19.70%
  • 18.71%
  • 42/125
  • 3 Year
  • 06-Dec-21
  • 14030.27
  • 40.30%
  • 11.95%
  • 13.18%
  • 75/103
  • 5 Year
  • -
  • -
  • -
  • -
  • -
  • -/-
  • Since Inception
  • 31-Dec-19
  • 15844.10
  • 58.44%
  • 9.77%
  • 12.85%
  • 122/145

Note: Lumpsum Returns since Inception Date.

SIP Returns

  • Period Invested For
  • ₹10000 Invested on
  • Investments
  • Latest Value
  • Absolute Returns
  • Annualised Returns
  • 1 Year
  • 01-Jan-24
  • 120000
  • 132563.61
  • 10.47%
  • 10.47%
  • 3 Year
  • 03-Jan-22
  • 360000
  • 463898.59
  • 28.86%
  • 8.82%
  • 5 Year
  • 03-Jan-20
  • 600000
  • 865337.13
  • 44.22%
  • 7.60%
  • 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
    2.09%
  • Beta
    0.48%
  • Sharpe Ratio
    0.49%
  • Treynor’s Ratio
    0.11%
  • Jension’s Alpha
    1.69%

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
  • HDFC Bank
  • 7.01%
  • 154236
  • 26.77
  • Equity
  • Banks
  • Reliance Industr
  • 4.6%
  • 131904
  • 17.57
  • Equity
  • Refineries
  • Infosys
  • 4.2%
  • 91328
  • 16.05
  • Equity
  • IT - Software
  • NTPC
  • 3.45%
  • 322428
  • 13.16
  • Equity
  • Power Generation & Distribution
  • Bharti Airtel
  • 2.89%
  • 68435
  • 11.04
  • Equity
  • Telecomm-Service
  • ICICI Bank
  • 2.82%
  • 83440
  • 10.78
  • Equity
  • Banks
  • Garware Hi Tech
  • 2.78%
  • 26020
  • 10.63
  • Equity
  • Packaging
  • Sun Pharma.Inds.
  • 2.75%
  • 56745
  • 10.49
  • Equity
  • Pharmaceuticals
  • Axis Bank
  • 2.53%
  • 83416
  • 9.67
  • Equity
  • Banks
  • ITC
  • 2.36%
  • 184000
  • 8.99
  • Equity
  • Tobacco Products

Peer Comparison

  • Scheme Name
  • Value Research
  • Asset Size (Cr)
  • 1M
  • 3M
  • 6M
  • 1Y
  • 3Y
  • ITI Balanced Advantage Fund - Direct (IDCW)
  • Stars
  • 381.88
  • 2.50%
  • 2.73%
  • 9.98%
  • 19.70%
  • 11.95%
  • Quant Dynamic Asset Allocation Fund-Direct (G)
  • Stars
  • 1349.99
  • 0.56%
  • -4.23%
  • 3.90%
  • 32.08%
  • -
  • Quant Dynamic Asset Allocation Fund-Direct (IDCW)
  • Stars
  • 1349.99
  • 0.56%
  • -4.23%
  • 3.89%
  • 32.07%
  • -
  • AXIS Balanced Advantage Fund - Direct (IDCW)
  • Stars
  • 2547.26
  • 0.92%
  • 1.65%
  • 10.77%
  • 25.47%
  • 14.61%
  • AXIS Balanced Advantage Fund - Direct (G)
  • Stars
  • 2547.26
  • 0.88%
  • 1.60%
  • 10.73%
  • 25.41%
  • 14.62%
  • HDFC Balanced Advantage Fund - Direct (G)
  • Stars
  • 94865.65
  • 0.98%
  • 0.60%
  • 7.70%
  • 24.12%
  • 23.97%

News

  • ITI Mutual Fund announces change in Key Personnel ITI Mutual Fund has announced that Mr. Rohan Gandhi has been appointed as a Research Analyst - Equity on the Board of ITI Management Company Ltd. With effect from 01 December 2024

    Details of Mr. Rohan Gandhi

    Age: 25 years

    Designation: Research Analyst - Equity

    Qualification: Chartered Accountant, CFA-Level II, B.Com

    Powered by Capital Market - Live News

  • ITI MF announces Income Distribution cum Capital Withdrawal (IDCW) under its scheme ITI Mutual Fund has announced 22 November 2024 as the record date for declaration of Income Distribution cum Capital Withdrawal (IDCW) option under the following schemes. The amount of IDCW (Rs per unit) on the face value of Rs 10 per unit will be:

    ITI Balanced Advantage Fund:

    Regular Plan ' IDCW: 0.10

    Direct Plan ' IDCW: 0.10

    Powered by Capital Market - Live News

  • ITI MF announces change in Fund Manager of the following schemes ITI Mutual Fund has announced change in Fund Managers of the following schemes with effect from: 15 November 2024

    Change in Fund Managers of the Schemes:

    Scheme Name Existing Fund Manager(s) New Fund Manager(s)
    ITI Ultra Short Duration Fund Mr. Vikrant Mehta Mr. Rajesh Bhatia
    ITI Banking & PSU Debt Fund Mr. Vikrant Mehta Mr. Rajesh Bhatia
    ITI Dynamic Bond Fund Mr. Vikrant Mehta Mr. Rajesh Bhatia
    ITI Overnight Fund Mr. Vikrant Mehta Mr. Rajesh Bhatia
    ITI Liquid Fund Mr. Vikrant Mehta Mr. Rajesh Bhatia
    ITI Balanced Advantage Fund Mr. Rajesh Bhatia, Mr. Vishal Jajoo and Mr. Vikrant Mehta Mr. Rajesh Bhatia and Mr. Vishal Jajoo and Mr. Rohan Korde
    ITI Arbitrage Fund Mr. Vikrant Mehta and Mr. Vikas Nathani Mr. Rajesh Bhatia Mr. Vikas Nathani and Mr. Rohan Korde

    Powered by Capital Market - Live News

Fund House Details & Investment Objective

  • Date of Incorporation 09-Dec-2019
  • Total AUM (Cr) ₹381.88

ITI Balanced Advantage Fund - Direct (IDCW) 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 ₹381.88 (Cr), as of 06-Dec-2024, ITI Balanced Advantage Fund - Direct (IDCW) is categorized as a Dynamic Asset Allocation or Balanced Advantage within its segment. The fund has generated a return of 9.77% since its launch.
The current NAV of ITI Balanced Advantage Fund - Direct (IDCW) is ₹14.76, as on 06-Dec-2024. The fund’s benchmark index is NIFTY 50 Hybrid Composite Debt 50:50 Index. You can invest in ITI Balanced Advantage Fund - Direct (IDCW) 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 11.95% 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 65.84% in Equity, 29.99% in Debt and 4.19% in cash and cash equivalents
The top 5 sectors the fund invests in are: 29.99% in Debt, 14.36% in Banks, 7.25% in IT-Software, 4.66% in Insurance and 4.6% in Petroleum Products.

FAQs on ITI Balanced Advantage Fund - Direct (IDCW)

ITI Balanced Advantage Fund - Direct (IDCW) is a popular fund in the Dynamic Asset Allocation or Balanced Advantage segment. The fund has generated a return of 9.77% since inception. Looking to invest in ITI Balanced Advantage Fund - Direct (IDCW)? How about earning 1% extra return? All this is possible with m.Stock! Investing in ITI Balanced Advantage Fund - Direct (IDCW) 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 (IDCW)
  • 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 (IDCW) 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 (IDCW) has generated annualised return of 19.70%. In the long-term, the fund has generated 11.95% and - in 3 and 5 years respectively. Since its inception, the fund has generated 9.77% returns.

The expense ratio of ITI Balanced Advantage Fund - Direct (IDCW) Direct Growth is 0.63%. 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 (IDCW) is ₹381.88 (Cr) as of 06 December 2024. AUM shows the fund’s popularity and is often indicative of fund strength.

Redeeming or selling units of ITI Balanced Advantage Fund - Direct (IDCW) 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 (IDCW):

  • 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 (IDCW)).
  • 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 (IDCW). Minimum lumpsum investment ITI Balanced Advantage Fund - Direct (IDCW) 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 (IDCW) is ₹14.76 as on 06 December 2024.

The 5 biggest stock holdings of ITI Balanced Advantage Fund - Direct (IDCW) are:
HDFC Bank (7.01%), Reliance Industr (4.6%), Infosys (4.2%), NTPC (3.45%), Bharti Airtel (2.89%)

A majority of ITI Balanced Advantage Fund - Direct (IDCW) 's AUM worth ₹381.88 (Cr) is invested in these 3 top sectors:

  • Debt: 29.99%
  • Banks: 14.36%
  • IT-Software: 7.25%

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