August 14, 2024
mayank
ITI Balanced Advantage Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 15.1594
NAV IDCW: Rs 14.4127
Suitable For Which Investors?
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.
Fund’s 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.
Fund Manager:
1) 1) Vikrant Mehta
Education: Mr. Mehta is CFA and M.S.
Experience: Prior to joining ITI Mutual Fund, he has worked with Indiabulls AMC, Kotak Mahindra Mutual Fund, AIG India Liaison Office, NVS Brokerage Pvt. Ltd., JM Morgan Stanley Fixed Income Securities Pvt. Ltd. and Mata Securities India Pvt. Ltd.
2) Vishal Jajoo
Education: Mr. Jajoo is a Chartered Accountant, PGDM (Finance) and MBA (Investments)
Experience: Prior to joining ITI Mutual Fund, he has worked with Tata Investment Corporation Ltd
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | For units in excess of 10% of the investment, 1% will be charged for redemption within 90 days |
Basic Details of ITI Balanced Advantage Fund
| Fund House | ITI Mutual Fund |
| Launch Date | 31-Dec-19 |
| Return Since Launch | 9.42% |
| Benchmark | NIFTY 50 Hybrid Composite debt 50:50 Index |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 383 Cr |
| (As on 31-Jul-2024) | |
| Expense | 0.62% |
| (As on 30-Jun-2024) | |
| Risk Grade | Above Average |
| Return Grade | Average |
| Turnover | 705.00% |
Trailing Returns (%) of ITI Balanced Advantage Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ITI Balanced Advantage Dir | 11.69 | -0.44 | -1.12 | 5.12 | 6.86 | 24.59 | 13.10 | — | — | — |
| VR Balanced TRI | 11.44 | -0.77 | -1.08 | 9.06 | 11.07 | 23.49 | 13.76 | — | — | — |
| Hybrid: Dynamic Asset Allocation | 13.27 | -0.49 | -0.21 | 7.57 | 11.00 | 25.07 | 13.81 | — | — | — |
| Rank within category | 23 | 20 | 33 | 35 | 35 | 14 | 14 | — | — | — |
| Number of funds in category | 34 | 38 | 37 | 37 | 35 | 32 | 24 | 21 | 14 | 9 |
Peer Comparison of ITI Balanced Advantage Fund
| Fund name | Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) |
| ITI Balanced Advantage Dir | 3 star | 24.59 | 13.10 | — | 0.62 | 383 | 9.42 | 1.00 (90) | 4Y 7M | 705.00 |
| HDFC Balanced Advantage Dir | 5 star | 37.25 | 24.65 | 22.49 | 0.73 | 94,048 | 16.75 | 1.00 (365) | 11Y 7M | 20.46 |
| ICICI Pru Balanced Advantage Dir | 4 star | 22.73 | 14.20 | 15.32 | 0.85 | 60,135 | 13.62 | 1.00 (365) | 11Y 7M | 34.00 |
| Edelweiss Balanced Advantage Dir | 4 star | 25.32 | 13.89 | 17.83 | 0.40 | 12,117 | 13.58 | 1.00 (90) | 11Y 7M | 82.00 |
| Tata Balanced Advantage Dir | 4 star | 21.51 | 13.88 | 16.15 | 0.36 | 10,051 | 15.07 | 1.00 (90) | 5Y 6M | 38.38 |
Portfolio Analysis of ITI Balanced Advantage Fund
| No. of Stocks | 46 |
| Top 10 Holdings | 35.10% |
| Top 5 Stocks | 21.44% |
| Top 3 Sectors | 39.23% |
| Portfolio P/B Ratio | 4.20 |
| Portfolio P/E Ratio | 28.18 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 3,42,180 | 2,43,401 |
| Giant (%) | 75.27 | 58.90 |
| Large (%) | 16.48 | 20.72 |
| Mid (%) | 5.65 | 15.83 |
| Small (%) | 2.60 | 4.82 |
| Tiny (%) | — | 0.02 |
| Fund | Category | |
| Number of Securities | 66 | 117 |
| Macaulay Duration (yrs) | 0.08 | 3.27 |
| Average Maturity (yrs) | 0.08 | 5.12 |
| Yield to Maturity (%) | 6.79 | 7.34 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For ITI Balanced Advantage Fund
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