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ITI Balanced Advantage Fund Regular IDCW

Hybrid
Dynamic Asset Allocation
Moderately High Risk
Payout
-1.35%
1M return
+0.14% 1D
1M
6M
1Y
All
NAV: 04 Jul 2022₹10.08
Min. SIP amountNA
RatingNA
Fund size₹585.00Cr

Returns and rankings

Category: Hybrid Dynamic Asset Allocation
Absolute returns
3M6M1YAll
Fund returns-6.4%-8.8%-0.9%0.8%
Category averageNANA24.8%NA
Rank with in category202519NA
Understand terms

Holdings (60)

NameSectorInstrumentAssets
ICICI Bank Ltd.FinancialEquity6.5%
Maruti Suzuki India Ltd.AutomobileEquity6.3%
Reliance Industries Ltd.EnergyEquity5.0%
Tata Steel Ltd.Metals & MiningEquity4.0%
Sun Pharmaceutical Industries Ltd.HealthcareEquity4.0%
Tata Consultancy Services Ltd.TechnologyEquity3.8%
Coal India Ltd.EnergyEquity2.9%
HCL Technologies Ltd.TechnologyEquity2.8%
HDFC Bank Ltd.FinancialEquity2.4%
HDFC Life Insurance Co Ltd.InsuranceEquity2.4%
See All

Expense ratio, exit load and tax

Expense ratio: 2.55%

Inclusive of GST

Exit load

For units in excess of 10% of the investment,1% will be charged for redemption within 3 months.

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investmentNA
Min. for 2nd investment onwardsNA
Min. for SIPNA

Fund management

Pradeep Gokhale
Dec 2019 - Present
View details

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.
Also manages these schemes

Vikrant Mehta
Feb 2022 - Present
View details

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.
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
ITI Asset Mangement Limited,ITI House, Building no. 36,Dr. R. K. Shirodkar Marg, Parel, Mumbai 400012
Phone
1800-266-9603 / 022-66214999
Launch Date
14 May 2018
Website
NA
Amc Image
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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FAQs

How to Invest in ITI Balanced Advantage Fund Regular IDCW?

You can easily invest in ITI Balanced Advantage Fund Regular IDCW in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps:

  • Log on to your Groww account
  • Search for ITI Balanced Advantage Fund Regular IDCW from the search box
  • In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete
  • Once you are done with that, you can start investing in ITI Balanced Advantage Fund Regular IDCW as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does ITI Balanced Advantage Fund Regular IDCW provide?

The ITI Balanced Advantage Fund Regular IDCW has been there from 31 Dec 2019 and the average annual returns provided by this fund is -0.91% since its inception.

How much expense ratio is charged by ITI Balanced Advantage Fund Regular IDCW?

The term Expense Ratio used for ITI Balanced Advantage Fund Regular IDCW or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund.

The Expense Ratio of ITI Balanced Advantage Fund Regular IDCW is 2.55% as of 05 Jul 2022...

What is the AUM of ITI Balanced Advantage Fund Regular IDCW?

The AUM, short for Assets Under Management of ITI Balanced Advantage Fund Regular IDCW is ₹585.00Cr as of 05 Jul 2022.

How to Redeem ITI Balanced Advantage Fund Regular IDCW?

If you want to sell your ITI Balanced Advantage Fund Regular IDCW holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of ITI Balanced Advantage Fund Regular IDCW?

You can select either SIP or Lumpsum investment of ITI Balanced Advantage Fund Regular IDCW based on your investment objective and risk tolerance.

What is the NAV of ITI Balanced Advantage Fund Regular IDCW?

The NAV of ITI Balanced Advantage Fund Regular IDCW is ₹10.08 as of 04 Jul 2022.

What is the PE and PB ratio of ITI Balanced Advantage Fund Regular IDCW?

The PE ratio ratio of ITI Balanced Advantage Fund Regular IDCW is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

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