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 | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹15.7814 | — | — | — | — |
| Regular Growth | ₹13.9444 | -0.41% | -1.84% | +8.91% | +7.96% |
| Direct IDCW | ₹13.4547 | — | — | — | — |
| Regular IDCW | ₹11.6739 | — | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Active Stock PickerActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
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.
Frequently Asked Questions
How many stocks does ITI Balanced Advantage Fund hold?
ITI Balanced Advantage Fund holds 58 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 21.26% of NAV.
What is the largest holding in ITI Balanced Advantage Fund?
The largest position in ITI Balanced Advantage Fund is Net Receivables / (Payables), accounting for 5.39% of NAV in the nan sector.
Is ITI Balanced Advantage Fund a concentrated or diversified fund?
With a Gini coefficient of 0.368, ITI Balanced Advantage Fund is well-diversified. The HHI concentration index is 22,627 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 21.26% of the portfolio.
What is the market cap allocation of ITI Balanced Advantage Fund?
Based on SEBI's AMFI classification, ITI Balanced Advantage Fund's equity portfolio is split as: Large Cap: 48.74%, Mid Cap: 14.31%, Small Cap: 6.71%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does ITI Balanced Advantage Fund invest in most?
ITI Balanced Advantage Fund has the highest allocation to CRISIL AAA (16.27%), Banks (11.26%), Finance (6.14%). The fund is invested across 29 sectors in total.
How actively managed is ITI Balanced Advantage Fund compared to other Dynamic Asset Allocation Fund funds?
ITI Balanced Advantage Fund has an Active Share of 61.01%, classifying it as "Active Stock Picker" among 35 Dynamic Asset Allocation Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in ITI Balanced Advantage Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, ITI Balanced Advantage Fund added 4 new stocks (including Vedanta Iron And Steel Limited) and exited 1 stock (including Tata Consultancy Services Limited). Total holding count increased from 56 to 59 stocks.