ITI Balanced Advantage Fund Direct Growth+0.47%

0.00%
1 Year Return
Hybrid
Dynamic Asset Allocation
6M
All

Fund Details

ITI Balanced Advantage Fund Direct Growth

RiskModerately High
Min SIP Amount₹500
Expense Ratio0.43%
NAV8.82 (27 Oct 2020)
Fund Started30 Dec 2019
Fund Size195 Cr

Comparison

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Pros
Found nothing so far.
Cons
Found nothing so far.

Top Holdings

NameSectorInstrument% Assets
HDFC Bank Ltd.FinancialFixed Deposits11.3%
Reliance Industries Ltd.EnergyNCD10.7%
Housing Development Finance Corpn. Ltd.FinancialDebenture10.6%
Infosys Ltd.TechnologyEquity5.7%
Housing Development Finance Corpn. Ltd.FinancialEquity3.5%
Bharti Airtel Ltd.CommunicationEquity3.1%
Tata Consultancy Services Ltd.TechnologyEquity3.1%
HDFC Bank Ltd.FinancialFixed Deposits2.6%
Bharat Petroleum Corpn. Ltd.EnergyEquity1.4%
Hindustan Unilever Ltd.FMCGEquity1.2%
See All

Fund Managers

addPradeep Gokhale
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
addGeorge Heber Joseph
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

ITI Balanced Advantage Fund Direct Growth Details

ITI Balanced Advantage Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by ITI Mutual Fund. This scheme was made available to investors on 30 Dec 2019. Pradeep Gokhale is the Current Fund Manager of ITI Balanced Advantage Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹195 Cr and the Latest NAV as of 27 Oct 2020 is ₹8.82.

The ITI Balanced Advantage Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000. For units in excess of 10% of the investment,1% will be charged for redemption within 12 months.

Investment Objective

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.

Scheme Information Document(SID)

₹5000
Min for First Investment
₹1000
Min for Second Investment
For units in excess of 10% of the investment,1% will be charged for redemption within 12 months.
Exit Load

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About ITI Mutual Fund

Address
Naman Midtown 'A' - Wing,21st Floor,Senapati Bapat Marg, Prabhadevi Mumbai 400013
Phone
1800-266-9603 / 022-66214999
Launch Date
07 Jan 2019
Website
NA
ITI Mutual Fund
Asset Management Company
Custodian
Deutsche Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
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