ITI Balanced Advantage Fund
The fund maintains an aggressive 71% equity tilt despite its balanced mandate, banking heavily on financial sector strength—banks and finance account for over 17% combined. The manager's recent exit from TCS and trimming of IT exposure signals skepticism about software valuations, while fresh positions in metals and power suggest a pivot toward inflation-resilient and capital-intensive plays. The concentrated top-10 portfolio and elevated cash position indicate the manager is selectively deploying capital rather than fully invested, suggesting cautious optimism about market valuations.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹15.6747 | — | — | — | — | — | — |
| Regular Growth | ₹13.8507 | -0.23% | -5.05% | -6.07% | -1.72% | +8.66% | +7.81% |
| Direct IDCW | ₹13.3638 | — | — | — | — | — | — |
| Regular IDCW | ₹11.5955 | — | — | — | — | — | — |
Portfolio Metrics(latest month)
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Vedanta Iron And Steel Limited | 0.42% |
| Talwandi Sabo Power Limited | 0.42% |
| Malco Energy Limited | 0.42% |
| Vedanta Aluminium Metal Limited | 0.42% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Net Receivables / (Payables) nan | 5.39% |
| 2 | Reliance Industries Limited INE002A01018 | 4.72% |
| 3 | Bharti Airtel Limited INE397D01024 | 4.43% |
| 4 | 7.06% Government of India (10/04/2028) IN0020230010 | 4.34% |
| 5 | 7.48% National Bank For Agriculture and Rural Development (15/09/2028) INE261F08EO7 | 3.97% |
| 6 | HDFC Bank Limited INE040A01034 | 3.80% |
| 7 | ICICI Bank Limited INE090A01021 | 3.63% |
| 8 | Shriram Finance Limited INE721A01047 | 3.14% |
| 9 | 8.13% Power Grid Corporation of India Limited (25/04/2028) INE752E07NU8 | 2.89% |
| 10 | One 97 Communications Limited INE982J01020 | 2.65% |
| 11 | State Bank of India INE062A01020 | 2.60% |
| 12 | Laurus Labs Limited INE947Q01028 | 2.50% |
| 13 | Bajaj Finance Limited INE296A01032 | 2.37% |
| 14 | 7.53% National Bank For Agriculture and Rural Development (24/03/2028) INE261F08EM1 | 2.28% |
| 15 | Mahindra & Mahindra Limited INE101A01026 | 2.22% |
| 16 | 7.79% Small Industries Dev Bank of India (19/04/2027) INE556F08KK5 | 2.14% |
| 17 | 7.23% Power Finance Corporation Limited (05/01/2027) INE134E08IO0 | 2.13% |
| 18 | Wockhardt Limited INE049B01025 | 2.11% |
| 19 | 7.71% REC Limited (26/02/2027) INE020B08EW9 | 2.00% |
| 20 | Infosys Limited INE009A01021 | 1.90% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.