VR Logo

Unrated

ITI Balanced Advantage Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.19 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.29 Lakh

Suitability:

"When you invest for five years or more, you can expect gains that beat the inflation rate as well as returns from fixed income options. But be prepared for ups and downs in your investment value along the way.

Dynamic Asset Allocation or Balanced Advantage funds invest your money in equity shares and bonds though their proportions are not fixed. The fund management team may increase of decrease the allocation to equity shares depending upon their market outlook.

These funds tend to fall less than pure equity funds when the stock markets decline because of their debt allocation. This makes them suitable for conservative equity investors.

Like for all equity-linked investments, you must invest only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other balanced hybrid fund, if you need to redeem your investment in less than five years."

Taxability of earnings:

The tax treatment of this fund may vary depending upon its asset allocation. It will be taxed in the following manner based on its average asset allocation in the last 12 months.

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund -1.25 -0.15 -0.80 -1.19 -1.16 8.49 19.28 -- -- -- --
VR Balanced TRI -1.31 -0.06 -2.59 -0.71 -3.61 8.24 21.79 -- -- -- --
Hybrid: Dynamic Asset Allocation -0.84 0.12 -1.18 -0.43 -1.36 4.06 14.45 -- -- -- --
Rank within category 23 30 6 23 11 3 5 -- -- -- --
Number of funds in category 29 30 30 29 27 26 25 19 13 11 6

As on 28-Jan-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
ITI Balanced Advantage Fund - Regular Plan
Unrated
Dec-19 19.28 -- -- 2.63% 510
ICICI Prudential Balanced Advantage Fund  | Invest Now
4 star
Dec-06 15.68 13.32 11.04 1.68% 37,879
Kotak Balanced Advantage Fund - Regular Plan  | Invest Online
4 star
Aug-18 11.63 12.92 -- 1.77% 12,750
Edelweiss Balanced Advantage Fund - Regular Plan  | Invest Online
5 star
Aug-09 17.65 16.66 13.40 1.80% 7,048
Aditya Birla Sun Life Balanced Advantage Fund  | Invest Online
4 star
Apr-00 13.05 12.71 9.47 1.83% 6,569

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 10.56 01-Apr-2020 - 09-Apr-2020 -17.10 16-Mar-2020 - 23-Mar-2020
Month 19.90 23-Mar-2020 - 22-Apr-2020 -33.34 20-Feb-2020 - 23-Mar-2020
Quarter 24.02 23-Mar-2020 - 22-Jun-2020 -28.51 03-Jan-2020 - 03-Apr-2020
Year 38.79 23-Mar-2020 - 23-Mar-2021 -11.65 30-Jan-2020 - 29-Jan-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
VR Balanced TRI* 16.94 17.88 0.74 0.86 -- --
Hybrid: Dynamic Asset Allocation* 11.52 12.24 0.64 0.70 0.63 -0.46
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

The Risk Measures have been calculated using calendar month returns for the last three years.

As on

* As on 31-Dec-2021

Asset Allocation (%)

ajax-loader
Please wait...

Concentration & Valuation

Number of Stocks 34
Top 10 Holdings (%) 42.33
Top 5 Holdings (%) 26.50
Top 3 Sectors (%) 19.29
Portfolio P/B Ratio 2.81
Portfolio P/E Ratio 23.25
Avg Credit Rating CASH

Value Research Equity Fund Style

Value Research Debt Fund Style

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

Top Debt Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 6.50% National Bank Agr. Rur. Devp 17/04/2023 Debenture AAA 0.00 - 2.60 2.60
equal HDFC Bank 21/03/2022 Certificate of Deposit A1+ 0.00 - 7.43 1.56
equal 5.32% National Housing Bank 2023 Non Convertible Debenture AAA 0.00 - 7.92 0.59

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

Sector Allocation vis-à-vis Category

ajax-loader
Please wait...

Top Equity Holdings

Company Sector P/E 3Y High 3Y Low % Assets
up Reliance Industries Energy 27.37 9.79 0.00 6.64
up Axis Bank Financial 18.56 6.74 0.00 6.50
up ITC FMCG 18.78 9.59 0.00 5.24
equal Tata Consultancy Services Technology 36.26 6.55 0.00 4.07
up Hindustan Unilever FMCG 61.23 5.77 0.00 4.05
up HDFC Bank Financial 22.50 9.14 0.00 3.62
up ICICI Bank Financial 24.37 4.77 0.00 3.29
new Indusind Bank Financial 17.86 2.98 0.00 2.98
up HDFC Financial 21.90 5.47 0.00 2.98
up State Bank of India Financial 16.30 5.48 0.00 2.96
equal Hindalco Inds. Metals 11.01 4.67 0.00 2.89
equal Bajaj Finance Financial 69.63 4.88 0.00 2.75
equal Bharti Airtel Communication 139.02 9.43 0.00 2.35
new Infosys Technology 32.96 9.36 0.00 2.18
equal Canara Bank Financial 8.02 3.76 0.00 2.10
equal Ambuja Cements Construction 22.28 3.54 0.00 1.98
new Tata Motors Automobile -- 10.27 0.00 1.56
new Bajaj Finserv Financial 57.73 1.61 0.00 1.50
up Wipro Technology 24.98 3.91 0.00 1.47
equal Titan Company Consumer Durable 117.63 1.96 0.00 1.24
new Larsen & Toubro Construction 30.47 3.92 0.00 1.13
down Sun Pharmaceutical Industries Healthcare 31.82 9.17 0.00 1.11
equal Divi's Laboratories Healthcare 48.99 7.31 0.00 1.05
new Nestle India FMCG 79.05 4.86 0.00 0.99
up Eicher Motors Automobile 42.74 9.92 0.00 0.80

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Dec-2021

Fund Manager

— George Heber Joseph since 09-Dec-2019

Education: Mr 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.

Experience: 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.

Funds Managed:

— Pradeep Gokhale since 09-Dec-2019

Education: Mr Pradeep is a qualified Chartered Accountant from Institute of Chartered Accountants of India, New Delhi and a Chartered Financial Analyst from CFA Institute – USA.

Experience: 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.

Funds Managed:


-0.15%

Change from previous, NAV as on 28-Jan-2022

Growth: ₹ 10.8723

IDCW: ₹ 10.8723


Investment Strategy

The Scheme seeks capital appreciation by investing in equity and equity related securities and fixed income instruments. The allocation between equity instruments and fixed income will be managed dynamically so as to provide investors with long term capital appreciation.

Investment Details

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 500
Min. No of Cheques 12
Min. Withdrawal (₹) 1,000
Min. Balance (₹) --
Lock-in Period Not Applicable
Exit Load For units in excess of 10% of the investment,1% will be charged for redemption within 90 days

Basic Details

Fund House: ITI Mutual Fund
Launch Date: 31-Dec-2019
Return Since Launch: 4.10%
Benchmark: NIFTY 50 Hybrid Composite debt 50:50 Index
Riskometer: Very High
Type: Open-ended
Assets: ₹ 510 Cr (As on 31-Dec-2021)
Expense: 2.63% (As on 31-Dec-2021)
Risk Grade: --
Return Grade: --
Turnover: --

Contact Information

AMC: ITI Asset Management Ltd.

Address: ITI Asset Mangement Limited, ITI House, Building no. 36, Dr. R. K. Shirodkar Marg, Parel, Mumbai - 400012

Phone: 1800-266-9603 / 022-66214999

Email: [email protected]

Website: http://www.itiamc.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Investors' Hangout

How to choose the best hybrid fund?

DateFriday, 04-Feb-2022
Time12:30 PM - 01:00 PM

attending You have reserved a spot