CASPeR Ranking #118
ITI Balanced Advantage Fund Regular Growth
NAV (Mon Sep 09 2024)
₹14
Returns (Since Inception)
10.39%
Category Average
12.89%
Rating
2
Allocation and Holdings
Asset class
Weightage
Energy
5.21%
Technology
4.45%
Financial Services
9.54%
Unknown
6.47%
Utilities
3.50%
Communication Services
3.34%
Healthcare
2.55%
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Overall rating
Scheme Information
Fund name
ITI Balanced Advantage Fund Regular Growth
Minimum SIP
500
Risk Level
Very High Risk
AUM
₹383.04 Cr
ISIN
INF00XX01655
Inception Date
Dec 31 2019
Standard Deviation
7.288
Beta
-
Sharpe Ratio
0.763
Benchmark
IISL Nifty 50 TR INR
Expense Ratio
2.360%
Exit Load
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- 1% if redeemed or switched out on or before completion of 3 months from the date of allotment of units, Nil, if redeemed or switched out after completion of 3 months from the date of allotment of unit
Risk
Very High Risk
Investment Objective
The investment objective of the Scheme is to seek 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. However, there can be no assurance that the investment objective of the scheme will be realized.
Fund Managers
Pradeep Gokhale
Vikrant Mehta
Rohan Korde
About the AMC
ITI Asset Management Limited
Phone Number
022-66214999Email Address
mfassist@itiorg.comCorporate Office Address
Naman Midtown “A” Wing, 21st Floor, Senapati Bapat Marg, Elphinstone RoadOverall AUM
₹383.04 Cr
Website
www.itimf.comPopular Allocation funds
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frequently asked questions
view all FAQsWhat is the current NAV of ITI Balanced Advantage Fund Regular Growth?
The NAV of ITI Balanced Advantage Fund Regular Growth is ₹14 as of Mon Sep 09 2024.
Net asset value, or NAV for short, is a mutual fund's cost per unit. Consider it the share price of a stock, but one that represents the total worth of all the investments made by the fund. This value affects how much you pay to invest or receive when redeeming units, and it changes every day based on changes in the market. Gaining insight into NAV enables you to evaluate a fund's performance and make wise investment choices.
Who is the fund manager of ITI Balanced Advantage Fund Regular Growth?
Pradeep Gokhale is the current fund manager of ITI Balanced Advantage Fund Regular Growth as on Tue Sep 10 2024. A fund manager's performance history, investment style and strategy, approach to risk management, tenure and experience, fees and charges, and alignment with investor goals all have an impact on the fund performance.
What is the expense ratio of ITI Balanced Advantage Fund Regular Growth?
The Expense Ratio of ITI Balanced Advantage Fund Regular Growth is 236.00% as of Tue Sep 10 2024 which means if you earn ₹50,000 worth returns on an investment in this fund then 236.00% of those returns will be retained by the AMC.
The annual fees you pay the mutual fund firm to manage your investments in that fund are known as the Expense Ratio. The Expense Ratio is deducted from the returns that the fund generates and expressed as a percentage of Assets Under Management (AUM).
Because a smaller portion of the gains will be retained, a fund with a lower expense ratio is always preferable because it will result in larger returns for you.
What is the minimum SIP amount of ITI Balanced Advantage Fund Regular Growth?
The minimum Systematic Investment Plan (SIP) amount required for ITI Balanced Advantage Fund Regular Growth is ₹500. A Systematic Investment Plan (SIP) is an investment approach in mutual funds where an investor selects a mutual fund scheme and invests a fixed amount at regular intervals. The SIP investment strategy involves investing a small amount consistently over time, as opposed to investing a large sum in a single instance. This method aims to potentially yield higher returns over the long term by leveraging the benefits of rupee cost averaging and compounding.
What is the minimum lump sum amount required to invest in ITI Balanced Advantage Fund Regular Growth?
To initiate a lump sum investment in ITI Balanced Advantage Fund Regular Growth, a minimum initial amount of ₹5,000 is necessary. This means that to participate in this investment option, investors must commit a starting sum of at least INR 5000. A lumpsum investment is a common approach to investing money in financial instruments such as mutual funds. This method involves investing a substantial sum of money in a financial instrument in a single transaction, as opposed to making multiple smaller payments over time.
What is risk category of the ITI Balanced Advantage Fund Regular Growth?
In accordance with SEBI regulations, mutual funds are required to disclose the risk associated with investing, categorized into five levels: (a) Low: Low risk to principal, (b) Moderately Low: Moderately low risk to principal, (c) Moderate: Moderate risk to principal, (d) Moderately High: Moderately high risk to principal, (e) High: High risk to principal. The risk category of ITI Balanced Advantage Fund Regular Growth is classified as Very High Risk.
What is the category of ITI Balanced Advantage Fund Regular Growth?
The category of the ITI Balanced Advantage Fund Regular Growth is Allocation.