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Unrated

ITI Balanced Advantage Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.24 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.32 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.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 22.62 -0.95 -0.21 -1.14 3.69 8.45 24.22 -- -- -- --
VR Balanced TRI 19.48 -1.45 -0.71 -4.42 -2.03 7.79 24.91 -- -- -- --
Hybrid: Dynamic Asset Allocation 15.22 -0.67 -0.18 -1.84 0.28 6.60 18.04 -- -- -- --
Rank within category 3 28 15 4 1 6 4 -- -- -- --
Number of funds in category 25 29 29 28 26 26 25 18 12 10 0

As on 06-Dec-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
ITI Balanced Advantage Fund - Direct Plan
Unrated
Dec-19 24.22 -- -- 0.44% 305
ICICI Prudential Balanced Advantage Fund - Direct Plan  | Invest Now
4 star
Jan-13 16.83 13.67 12.32 1.00% 36,816
Kotak Balanced Advantage Fund - Direct Plan  | Invest Online
5 star
Aug-18 16.10 14.43 -- 0.45% 11,813
Edelweiss Balanced Advantage Fund - Direct Plan  | Invest Online
5 star
Jan-13 22.37 17.91 15.54 0.45% 6,331
Aditya Birla Sun Life Balanced Advantage Fund - Direct Plan  | Invest Online
4 star
Jan-13 16.56 13.87 11.67 0.59% 6,281

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 10.61 01-Apr-2020 - 09-Apr-2020 -17.07 16-Mar-2020 - 23-Mar-2020
Month 20.10 23-Mar-2020 - 22-Apr-2020 -33.21 20-Feb-2020 - 23-Mar-2020
Quarter 24.68 23-Mar-2020 - 22-Jun-2020 -28.14 03-Jan-2020 - 03-Apr-2020
Year 41.69 23-Mar-2020 - 23-Mar-2021 -9.78 30-Jan-2020 - 29-Jan-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
VR Balanced TRI* 16.35 17.90 0.70 0.83 -- --
Hybrid: Dynamic Asset Allocation* 12.60 12.26 0.72 0.80 0.63 0.95
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 30-Nov-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 30
Top 10 Holdings (%) 54.00
Top 5 Holdings (%) 33.04
Top 3 Sectors (%) 2.85
Portfolio P/B Ratio 2.77
Portfolio P/E Ratio 23.33
Avg Credit Rating CASH

Value Research Equity Fund Style

Value Research Debt Fund Style

Credit Rating vis-à-vis Category

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Top Debt Holdings

Company Instrument Credit Rating 1Y Range % Assets
new HDFC Bank 21/03/2022 Certificate of Deposit A1+ 0.00 - 7.43 7.43
new Bajaj Finance 91-D 17/11/2021 Commercial Paper A1+ 0.00 - 1.80 1.80
new 6.50% National Bank Agr. Rur. Devp 17/04/2023 Debenture AAA 0.00 - 1.01 1.01

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

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Top Equity Holdings

Company Sector P/E 3Y High 3Y Low % Assets
new Axis Bank Financial 21.07 6.74 0.00 6.74
up Reliance Industries Energy 30.82 9.79 0.00 6.55
new Tata Consultancy Services Technology 36.25 6.55 0.00 6.18
up ITC FMCG 19.05 9.59 0.00 6.14
new Bajaj Finance Financial 86.22 4.88 0.00 4.88
new Hindalco Inds. Metals 9.94 4.67 0.00 4.67
new Bharti Airtel Communication 135.72 9.43 0.00 4.11
new Canara Bank Financial 8.44 3.76 0.00 3.76
new Ambuja Cements Construction 22.94 3.54 0.00 3.54
new Hindustan Unilever FMCG 64.96 5.77 0.00 2.97
new Titan Company Consumer Durable 120.95 1.96 0.00 1.96
new Divi's Laboratories Healthcare 57.47 7.31 0.00 1.92
down HDFC Financial 24.48 5.47 0.00 1.26
new Godrej Consumer Products FMCG 52.17 3.36 0.00 1.00
down Indian Oil Corporation Energy 4.42 7.33 0.00 0.97
new Cipla Healthcare 27.73 4.63 0.00 0.96
down Lupin Healthcare -- 10.11 0.00 0.95
new HCL Technologies Technology 27.04 7.20 0.00 0.94
new Wipro Technology 28.59 3.91 0.00 0.75
new JSW Steel Metals 8.00 0.74 0.00 0.74
new Vedanta Metals 6.89 0.65 0.00 0.65
new Tata Steel Metals 4.51 2.36 0.00 0.59
down Maruti Suzuki India Automobile 51.70 4.04 0.00 0.59
new SBI Life Insurance Company Insurance 93.85 1.09 0.00 0.54
new United Spirits FMCG 77.17 1.24 0.00 0.43

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-Oct-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:


-0.95%

Change from previous, NAV as on 06-Dec-2021

Growth: ₹ 11.2928

IDCW: ₹ 11.2928


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

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 1,000
Minimum 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: 6.49%
Benchmark: NIFTY 50 Hybrid Composite debt 50:50 Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 305 Cr (As on 31-Oct-2021)
Expense: 0.44% (As on 31-Oct-2021)
Risk Grade: --
Return Grade: --
Turnover: --

Contact Information

AMC: ITI Asset Management Ltd.

Address: Naman Midtown 'A' - Wing, 21st Floor, Senapati Bapat Marg, Prabhadevi Mumbai - 400013

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

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