NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹13.96
0.53%
NAV as on 16 Nov 24, 12:00 AM
moderately high risk
dynamic asset allocation
hybrid (nc)
NAV as on 16 Nov 24, 12:00 AM
moderately high risk
dynamic asset allocation
hybrid (nc)
20.19%p.a.
Last 1Y
8.16%p.a.
Last 3Y
0.00%p.a.
Last 5Y
7.32%p.a.
Since Inception
About ITI Balanced Advantage Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the ITI Balanced Advantage Fund Growth scheme from ITI Asset Management Limited. It is a Dynamic Asset Allocation mutual fund scheme that predominantly invests in Dynamic Asset Allocation stocks of companies. Launched on Dec 2019, ITI Balanced Advantage Fund Growth is Dynamic Asset Allocation fund of its category with 381.88 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Dynamic Asset Allocation funds.
- ITI Balanced Advantage Fund Growth delivered 20.2% annual returns during the last year. It has delivered 7.3% average annual returns since the fund was launched.
- ITI Balanced Advantage Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in hybrid (nc)
Fund 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.
Top 10 Holdings
HDFC Bank Ltd
7.01%
Reliance Industries Ltd
4.60%
Infosys Ltd
4.20%
6.89% Govt Stock 2025
3.93%
NTPC Ltd
3.45%
Future on Reliance Industries Ltd
2.89%
Bharti Airtel Ltd
2.89%
ICICI Bank Ltd
2.82%
Garware Hi-Tech Films Ltd
2.78%
Sun Pharmaceuticals Industries Ltd
2.75%
Fund Managers
- Vikrant Mehta (Feb 2022 - Present)
- Vishal Jajoo (Sep 2023 - Present)
- Rajesh Bhatia (Sep 2023 - Present)
Key Information
View Scheme Document
ITI Balanced Advantage Fund Growth SIP Calculator
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Fixed Deposit
NRI Mutual Fund Tax on ITI Balanced Advantage Fund Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in ITI Balanced Advantage Fund Growth?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in ITI Balanced Advantage Fund Growth
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
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3Y Return
DSP Dynamic Asset Allocation Fund Growth
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9.1%
UTI Balanced Advantage Fund Growth
moderately high risk | hybrid (nc)
0.0%
Axis Balanced Advantage Fund Growth
moderately high risk | equity
11.1%
Frequently Asked Questions
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