HybridDynamic Asset Allocation or Balanced AdvantageRegularGrowthHigh

ITI Balanced Advantage Fund

Q: What is the NAV of ITI Balanced Advantage Fund?

As of 05 Oct 2026, the NAV of ITI Balanced Advantage Fund is ₹14.03 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has ITI Balanced Advantage Fund delivered?

ITI Balanced Advantage Fund has returned -2.59% over 1 year, +6.75% per year over 3 years, +5.39% per year over 5 years and +5.05% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of ITI Balanced Advantage Fund?

ITI Balanced Advantage Fund charges an expense ratio of 3.24% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of ITI Balanced Advantage Fund?

ITI Balanced Advantage Fund's largest holdings are 7.06% Government of India (10/04/2028) (4.4%), ICICI Bank Limited (4.2%), HDFC Bank Limited (3.5%), Reliance Industries Limited (3.2%) and 8.13% Power Grid Corporation of India Limited (25/04/2028) (2.9%). Holdings are disclosed monthly and change over time.

Q: How risky is ITI Balanced Advantage Fund?

ITI Balanced Advantage Fund is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 9.2% and its worst peak-to-trough fall in our sample was -33.9%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of 0.03 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. ITI Balanced Advantage Fund's 0.03 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of ITI Balanced Advantage Fund?

ITI Balanced Advantage Fund is benchmarked against the Nifty 50 Hybrid Composite Debt 50:50 Index. Its alpha and beta on this page are measured against that index.

Q: Who manages ITI Balanced Advantage Fund?

ITI Balanced Advantage Fund is managed by Nilay Dalal, Laukik Bagwe and Animesh Singh at ITI.

Q: How is ITI Balanced Advantage Fund taxed?

ITI Balanced Advantage Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

ITI Mutual Fund · Best Balanced Advantage Mutual Funds

NAV

₹14.03

+0.35% 1D

as of 05 Oct 2026

This is the Regular plan of ITI Balanced Advantage Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

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Performance

-3.07%absolute

52-week rangePrev NAV ₹13.98

Latest ₹14.03

Low ₹13.5734th percentile of its 52-week rangeHigh ₹14.93

Scorecard

★★☆☆☆2/5 vs 30 of 36 Dynamic Asset Allocation or Balanced Advantage peers

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Dynamic Asset Allocation or Balanced Advantage (same plan and option). 30 of the 36 Dynamic Asset Allocation or Balanced Advantage funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceAverage

3Y CAGR +6.75% · ranks 20 of 30 Dynamic Asset Allocation or Balanced Advantage funds

RiskModerate

Volatility 9.2% vs 8.4% category avg

CostHigh

3.2% expense vs 2.3% category avg

ConsistencyHigh

100% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Consistent — positive in 100% of rolling 3-year windows

Concerns

1-year return (-2.59%) trails the Dynamic Asset Allocation or Balanced Advantage average (-0.70%)
3-year return (+6.75%) trails the Dynamic Asset Allocation or Balanced Advantage average (+7.60%)
5-year return (+5.39%) trails the Dynamic Asset Allocation or Balanced Advantage average (+7.18%)
Weaker risk-adjusted returns — Sharpe 0.03 below the Dynamic Asset Allocation or Balanced Advantage average of 0.14
High expense ratio (3.24%) vs the Dynamic Asset Allocation or Balanced Advantage average of 2.27%

Key Metrics

Annual fee charged by the fund, already deducted from NAV

3.24%

Category 2.27%▲0.97%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

23.01

Category —

Excess return per unit of total volatility (rf = 6.5%)

0.03

Category 0.14▼0.11

Scheme Info

Definitions

Plan

Regular · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

10% of the units allotted may be redeemed without any exit load, on or before completion of 3 months from the date of allotment of units. Any redemption in excess of such limit in the first 3 months from the date of allotment shall be subject to the following exit load: i. 0.50% if redeemed or switchedout on or before completion of 3 months from the date of allotment of units ii. Nil, if redeemed or switched out after complep from the date of allotment of units.

Up to 0.50%

tiered — see the full terms

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹500

Smallest one-time (lumpsum) investment the scheme accepts

₹5,000

Nifty 50 Hybrid Composite Debt 50:50 Index

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

03 Jan 2020

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-3.11%

Absolute return over the last 3 months (not annualized)

-2.03%

Absolute return over the last 6 months (not annualized)

+2.59%

Absolute return since 1 Jan of this year (not annualized)

-5.30%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

-2.59%

3-year annualized return (CAGR)

+6.75%

5-year annualized return (CAGR)

+5.39%

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+5.05%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

9.22%

Excess return per unit of total volatility (rf = 6.5%)

0.03

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

0.04

Largest peak-to-trough decline over full history

-33.85%

Benchmark ratios (vs Nifty 50 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 50 TRI

0.30%

Sensitivity to Nifty 50 TRI moves; 1 = moves with the index

0.52

How much of the fund's movement Nifty 50 TRI explains

80.3%

Excess return per unit of beta (market risk)

0.66

Active return over the benchmark per unit of tracking error

0.09

Annualized std dev of fund-minus-benchmark returns

7.70%

Fund's share of benchmark gains in up months (100 = matches index)

66.3%

Fund's share of benchmark losses in down months (lower is better)

50.2%

Computed vs the Nifty 50 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Dynamic Asset Allocation or Balanced Advantage)

Period	Fund	Category avg.	Diff
1M abs	-3.11%	-3.06%	-0.05%
3M abs	-2.03%	-2.47%	+0.44%
6M abs	+2.59%	+4.42%	-1.83%
1Y CAGR	-2.59%	-0.70%	-1.89%
3Y CAGR	+6.75%	+7.60%	-0.85%
5Y CAGR	+5.39%	+7.18%	-1.79%

Category average across peers in Dynamic Asset Allocation or Balanced Advantage (up to 36 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Category rank

Vs 36 peers in Dynamic Asset Allocation or Balanced Advantage

1Y return

-2.59%

Beats 28.6% · rank #26

3Y return

+6.75%

Beats 34.5% · rank #20

5Y return

+5.39%

Beats 21.1% · rank #16

Sharpe

0.03

Beats 34.5% · rank #20

Sortino

0.04

Beats 34.5% · rank #20

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹6.78L

Absolute

+12.99%

XIRR

+4.99%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into ITI Balanced Advantage Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund	Nifty 50 TRI	Diff
2026part	-5.30%	-12.85%	+7.55%
2025	+4.43%	+11.97%	-7.54%
2024	+13.52%	+10.16%	+3.36%
2023	+17.15%	+21.69%	-4.54%
2022	-3.10%	+5.68%	-8.78%
2021	+22.09%	+25.49%	-3.40%
2020part	-10.35%	—	—

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.

History points

1,665

Expense ratio

3.24%

AUM

₹351.78Cr

Portfolio turnover

452%

Exit load

Portfolio, AUM & scheme details shown from another plan of this scheme (same underlying portfolio).

P/E ratio

23.0

P/B ratio

4.5

Avg market cap

₹3,13,698Cr

P/E & P/B are portfolio-weighted harmonic means across 48 of 54 equity holdings (67% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Dynamic Asset Allocation or Balanced Advantage

Compare all


ITI Balanced Advantage FundThis fund ITI · Regular · Growth	★★☆☆☆	-2.59%	+6.75%	+5.39%	—	3.24%	₹351.78Cr
quant Dynamic Asset Allocation Fund quant · Regular · Growth	★★★★☆	-3.35%	+11.39%	—	—	3.00%	₹902.64Cr
Aditya Birla Sun Life Balanced Advantage Fund Aditya Birla Sun Life · Regular · Growth	★★★★☆	+3.36%	+9.86%	+8.32%	—	1.95%	₹9,211Cr
Baroda BNP Paribas Balanced Advantage Fund Baroda BNP Paribas · Regular · Growth	★★★★☆	+1.76%	+9.80%	+8.79%	—	2.04%	₹4,798Cr
ICICI Prudential Balanced Advantage Fund ICICI Prudential · Regular · Growth	★★★★★	+1.06%	+9.67%	+9.23%	—	1.56%	₹70,787Cr
HDFC Balanced Advantage Fund HDFC · Regular · Growth	★★★★☆	-3.14%	+9.66%	+12.25%	—	1.31%	₹1,04,783Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap52.3%
Mid cap23.9%
Small cap23.7%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity73.78%
Debt20.19%
Cash & Equivalents6.03%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
ITI Business Cycle Fund ITI · Sectoral/ Thematic	64.1%	—	1.63%	—
ITI Value Fund ITI · Value Fund	57.1%	★★★☆☆	1.34%	+11.46%
Groww Multi Asset Allocation Fund Groww · Multi Asset Allocation	42.2% of 68% equity	★☆☆☆☆	1.00%	—
Axis Large Cap Fund Axis · Large Cap Fund	41.0%	★★★☆☆	0.92%	+7.76%
Mahindra Manulife Balanced Advantage Fund Mahindra Manulife · Dynamic Asset Allocation or Balanced Advantage	40.7% of 70% equity	★★★★☆	0.83%	+10.49%
Mirae Asset Aggressive Hybrid Fund Mirae Asset · Aggressive Hybrid Fund	40.2% of 76% equity	★★★☆☆	0.63%	+10.53%
Mirae Asset Multi Asset Allocation Fund Mirae Asset · Multi Asset Allocation	40.0% of 67% equity	★★★★☆	0.64%	—
ITI Large Cap Fund ITI · Large Cap Fund	39.9%	★★★☆☆	0.93%	+9.78%

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

🚩Holdings under NSE surveillance (ASM)

2 holdings — 1.60% of the portfolio — sit in stocks NSE currently lists under its Additional Surveillance Measure. ASM is an exchange response to unusual price or volume activity (higher margins, and trade-for-trade settlement at stage II), not a view on the company or on this fund.

Turtlemint Fintech Solutions LimitedShort-term · Stage I1.03%
ESDS Software Solution LimitedLong-term · Stage I0.57%

Source: NSE ASM list, matched to holdings by company name — a holding whose name differs from NSE's spelling may not be matched. BSE's separate list is not covered.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-33.9%24 Jan 2020 → 23 Mar 2020
Fell over 2 months, back to the old high on 05 Aug 2021 — 16 months under water after the low.
-11.4%18 Oct 2021 → 17 Jun 2022
Fell over 8 months, back to the old high on 30 Jun 2023 — 12 months under water after the low.
-9.1%02 Jan 2026 → 31 Mar 2026
Still below that high — 3 months down, and no recovery yet.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹351.78Cr

April - June 2026

-7%

since January - March 2026

−₹9.46Cr

est. net flow, last quarter

Down +7% from its peak of ₹378.31Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

AMC Profile

ITI Mutual Fund is run by ITI Asset Management, part of the Investment Trust of India group. It launched its first schemes in 2019 and runs a mix of equity, hybrid and debt funds.

Launched

13 May 2018

Total AUM

₹11,302Cr+4.4% QoQ

Avg AUM · April - June 2026

Website

itiamc.com

Fund Managers

NDNilay DalalManaging since 08 May 2026

Role

Equity Fund

Education

MBA (Finance)

Experience

Mr. Nilay Dalal joined ITI Asset Management Limited in April 2023 and has over 13 years of work experience in financial markets. Past Experience : December 2019 – April 2023 with Axis Asset Management Company as Equity Research Analyst. May 2011 – December 2019 with SBI Life Insurance as Equity Research Analyst

Funds managed (3)

All schemes Nilay Dalal runs →

LBLaukik BagweManaging since 01 Feb 2025

Role

Fund Manager Income

Education

SMP, Leadership and General Management Program, management Information System-IIM Calcutta. PGDBA, Finance & Marketing- ICFAI Business School B.com, International Business/ Trade/Commerce -Mumbai University.

Experience

Mr. Laukik Bagwe joined ITI Mutual Fund in February 2025 and has over 25 years of experience in capital markets. Banking & PSU Debt Fund, Past experience - Prior to joining ITI ITI Dynamic AMC, he acted as Fund Manager- Fixed Income of DSP Asset Managers Pvt Ltd (November 2007 – January 2025)

Funds managed (10)

All schemes Laukik Bagwe runs →

ASAnimesh SinghManaging since 08 May 2026

Role

Fund Manager

Education

Post Graduate Diploma in Management. Bachelor of Honours - (Economics) CFA – USA Certification

Experience

Mr. Animesh Singh is an investment management professional with over 20 years of experience in portfolio management, equity research, and investment advisory services. Prior to Joinig ITI AMC, he served as Director – Investment & Portfolio Manager at Julius Baer Wealth Advisory, where he managed Alternative Investment Fund (AIF) portfolios and advised clients on investment strategies across asset classes. Prior to this, he held senior roles at Centrum Wealth and Nippon Life India Asset Management, managing equity advisory portfolios, PMS mandates, and institutional investment portfolios. He began his career in equity research and credit analysis, covering sectors such as telecom, media, FMCG, and automobiles.

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Nilay Dalal Laukik Bagwe

Top holdings

ICICI Bank Limited HDFC Bank Limited Reliance Industries Limited Bajaj Finance Limited Mahindra & Mahindra Limited Laurus Labs Limited Wockhardt Limited Ujjivan Small Finance Bank Limited Shriram Finance Limited Garware Hi-Tech Films Limited Bajaj Auto Limited State Bank of India

ITI in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

Run SIP calculator Add to compare

Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Balanced Advantage funds

Balanced advantage (dynamic asset allocation) funds move between equity and debt based on market valuations, adding more stocks when they look cheap and trimming when they look dear. The goal is a smoother ride.

Frequently asked questions

What is the NAV of ITI Balanced Advantage Fund?

As of 05 Oct 2026, the NAV of ITI Balanced Advantage Fund is ₹14.03 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has ITI Balanced Advantage Fund delivered?

ITI Balanced Advantage Fund has returned -2.59% over 1 year, +6.75% per year over 3 years, +5.39% per year over 5 years and +5.05% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of ITI Balanced Advantage Fund?

ITI Balanced Advantage Fund charges an expense ratio of 3.24% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of ITI Balanced Advantage Fund?

ITI Balanced Advantage Fund's largest holdings are 7.06% Government of India (10/04/2028) (4.4%), ICICI Bank Limited (4.2%), HDFC Bank Limited (3.5%), Reliance Industries Limited (3.2%) and 8.13% Power Grid Corporation of India Limited (25/04/2028) (2.9%). Holdings are disclosed monthly and change over time.

How risky is ITI Balanced Advantage Fund?

ITI Balanced Advantage Fund is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 9.2% and its worst peak-to-trough fall in our sample was -33.9%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of 0.03 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. ITI Balanced Advantage Fund's 0.03 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of ITI Balanced Advantage Fund?

ITI Balanced Advantage Fund is benchmarked against the Nifty 50 Hybrid Composite Debt 50:50 Index. Its alpha and beta on this page are measured against that index.

Who manages ITI Balanced Advantage Fund?

ITI Balanced Advantage Fund is managed by Nilay Dalal, Laukik Bagwe and Animesh Singh at ITI.

How is ITI Balanced Advantage Fund taxed?

ITI Balanced Advantage Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.