ITI Balanced Advantage Fund vs ITI Banking & PSU Debt Fund
Direct Plan, Growth option · Data as on 30-10-2026
ITI Balanced Advantage Fund is a Balanced Advantage fund and ITI Banking & PSU Debt Fund is a Banking & PSU fund. In the 3 years to 30-10-2026, ITI Balanced Advantage Fund (Direct) returned 7.7% a year and ITI Banking & PSU Debt Fund (Direct) returned 6.8% a year. ITI Balanced Advantage Fund charges 1.59% a year and ITI Banking & PSU Debt Fund 0.23% (Direct plans). Their portfolios overlap 14.1%: they hold 8 of the same securities.
ITI Balanced Advantage Fund
Balanced Advantage
- 3 year return
- 7.7%
- Expense ratio
- 1.59%
- NAV
- ₹15.44
ITI Banking & PSU Debt Fund
Banking & PSU
- 3 year return
- 6.8%
- Expense ratio
- 0.23%
- NAV
- ₹14.21
Which is better, ITI Balanced Advantage or ITI Banking & PSU Debt? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- ITI Banking & PSU Debt returned more over 5 years: 6.3% a year against 6.2%.
- ITI Balanced Advantage returned more over 3 years: 7.7% a year against 6.8%.
- ITI Banking & PSU Debt costs less: 0.23% a year against 1.59% (Direct plans).
- ITI Banking & PSU Debt swung less over 3 years: a standard deviation of 0.8% a year against 9.3%.
- ITI Banking & PSU Debt fell less in its worst fall since 23-10-2020: −1.1% against −10.1%.
- ITI Balanced Advantage is the larger fund: ₹320 Cr against ₹34 Cr.
- Their portfolios overlap 14.1%: 8 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | ITI Balanced Advantage Fund | ITI Banking & PSU Debt Fund |
|---|---|---|
| Fund house | ITI Mutual Fund | ITI Mutual Fund |
| Category | Balanced Advantage | Banking & PSU |
| AUM | ₹320 Cr (30-09-2026) | ₹34 Cr (30-09-2026) |
| NAV | ₹15.44 (Direct) | ₹14.21 (Direct) |
| Expense ratio (Direct) | 1.59% | 0.23% |
| Expense ratio (Regular) | 3.24% | 0.75% |
| Riskometer | Very High | Low to Moderate |
| Benchmark | NIFTY 50 Hybrid Composite Debt 50:50 Index | CRISIL Banking and PSU Debt A-II Index |
| Launch date | 31-12-2019 | 22-10-2020 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Nilay Dalal, Animesh Singh | Laukik Bagwe |
| Exit load | Exit Load for units in excess of 10% of the investment,0.50% will be charged for redemption within 3 months. | Nil |
ITI Balanced Advantage vs ITI Banking & PSU Debt: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| ITI Balanced Advantage Fund (Direct) | −3.94% | −4.46% | −2.16% | −6.88% | +7.67% | +6.17% | -- |
| ITI Banking & PSU Debt Fund (Direct) | −0.14% | +0.35% | +1.96% | +4.10% | +6.79% | +6.27% | -- |
| Balanced Advantage average | −0.55% | −2.88% | +0.08% | −2.08% | +9.14% | +8.35% | -- |
| Banking & PSU average | −0.21% | +0.14% | +2.36% | +4.04% | +6.88% | +6.22% | -- |
Category average: the average of the 38 Balanced Advantage funds and the 19 Banking & PSU funds, same plan type.
ITI Balanced Advantage vs ITI Banking & PSU Debt: Year-wise Returns
| Year | Balanced AdvantageITI Balanced Advantage | Banking & PSU DebtITI Banking & PSU Debt |
|---|---|---|
| 2026to date | −7.34% | +3.39% |
| 2025 | +6.26% | +7.41% |
| 2024 | +15.52% | +8.21% |
| 2023 | +19.44% | +6.88% |
| 2022 | −1.18% | +4.82% |
| 2021 | +24.86% | +4.21% |
ITI Balanced Advantage vs ITI Banking & PSU Debt: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 742 of them, one for each trading day from 23-10-2023 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
ITI Balanced Advantage Fund (Direct)
ITI Banking & PSU Debt Fund (Direct)
to
Jan 2024Jul 2021
to
Jul 2024Jan 2022
to
Jan 2025Aug 2022
to
Aug 2025Feb 2023
to
Feb 2026Aug 2023
to
Aug 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ITI Balanced Advantage | 0.0 | 0.0 | 10.1 | 87.7 | 2.2 | 0.0 | 0.0 | 12.4% | 12.8% | 6.9% | 15.4% |
| ITI Banking & PSU Debt | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 6.8% | 7.0% | 5.1% | 7.8% |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. Every fund is measured over the days all of them have, from 23-10-2020. Past returns do not promise future returns.
ITI Balanced Advantage vs ITI Banking & PSU Debt: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 01-10-2020 to 30-10-2026: 73 instalments, ₹7,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ITI Balanced AdvantageITI Balanced Advantage Fund (Direct) | ₹7,30,000 | ₹8,93,168 | ₹1,63,168 | 6.6% |
| ITI Banking & PSU DebtITI Banking & PSU Debt Fund (Direct) | ₹7,30,000 | ₹8,84,783 | ₹1,54,783 | 6.3% |
ITI Balanced AdvantageITI Balanced Advantage Fund (Direct)
ITI Banking & PSU DebtITI Banking & PSU Debt Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
ITI Balanced Advantage vs ITI Banking & PSU Debt: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ITI Balanced Advantage Fund (Direct) | ITI Banking & PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | −6.88% | +4.10% |
| Standard deviation | 9.25% | 0.85% |
| Sharpe ratio | -1.31 | -1.35 |
| Sortino ratio | -1.65 | -1.77 |
| Maximum drawdown | −9.7% (23-10-2026) | −0.4% (23-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | ITI Balanced Advantage Fund (Direct) | ITI Banking & PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.67% | +6.79% |
| Standard deviation | 9.32% | 0.83% |
| Sharpe ratio | 0.18 | 0.92 |
| Sortino ratio | 0.23 | 1.40 |
| Maximum drawdown | −9.7% (23-10-2026) | −0.4% (23-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | ITI Balanced Advantage Fund (Direct) | ITI Banking & PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.17% | +6.27% |
| Standard deviation | 8.34% | 0.70% |
| Sharpe ratio | 0.04 | 0.67 |
| Sortino ratio | 0.06 | 1.00 |
| Maximum drawdown | −9.9% (17-06-2022) | −0.4% (23-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | ITI Balanced Advantage Fund (Direct) | ITI Banking & PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.48% | +6.01% |
| Standard deviation | 12.67% | 0.74% |
| Sharpe ratio | 0.11 | 0.88 |
| Sortino ratio | 0.13 | 1.32 |
| Maximum drawdown | −33.6% (23-03-2020) | −1.1% (09-02-2021) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 03-01-2020 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
ITI Balanced Advantage Fund (Direct)
ITI Banking & PSU Debt Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ITI Balanced Advantage Fund (Direct) | −10.1% | 18-10-2021 | 17-06-2022 | 29-05-2023 | 11 months | −8.1% |
| ITI Banking & PSU Debt Fund (Direct) | −1.1% | 08-01-2021 | 09-02-2021 | 30-03-2021 | 49 days | −0.3% |
From daily values since 23-10-2020, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
ITI Balanced Advantage Fund (Direct)
ITI Banking & PSU Debt Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
ITI Balanced Advantage Fund (Direct)
ITI Banking & PSU Debt Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
ITI Balanced Advantage Fund (Direct)
ITI Banking & PSU Debt Fund (Direct)
ITI Balanced Advantage vs ITI Banking & PSU Debt: Portfolio Overlap
From each fund's latest monthly portfolio: ITI Balanced Advantage Fund, September 2026; ITI Banking & PSU Debt Fund, September 2026
Holdings in common
- Overlap
- 14.1%
- Held by both
- 8
- Only in ITI Balanced Advantage
- 58
- Only in ITI Banking & PSU Debt
- 5
| Security | % of ITI Balanced Advantage | % of ITI Banking & PSU Debt |
|---|---|---|
| 7.48% National Bank For Agriculture and Rural Development (15/09/2028) | 2.80% | 2.93% |
| 7.53% National Bank For Agriculture and Rural Development (24/03/2028) | 2.49% | 5.87% |
| 7.79% Small Industries Dev Bank of India (19/04/2027) | 2.35% | 7.38% |
| 7.23% Power Finance Corporation Limited (05/01/2027) | 2.34% | 7.37% |
| 7.71% REC Limited (26/02/2027) | 2.19% | 8.85% |
| 8.14% Nuclear Power Corporation Of India Limited (25/03/2028) | 0.63% | 8.93% |
| 7.59% National Housing Bank (08/09/2027) | 0.63% | 8.85% |
| 7.33% Indian Railway Finance Corporation Limited (27/08/2027) | 0.62% | 8.82% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 14.1% means 14.1% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in ITI Balanced Advantage Fund
| Security | % of fund |
|---|---|
| HDFC Bank Limited | 4.33% |
| Reliance Industries Limited | 4.26% |
| 8.13% Power Grid Corporation of India Limited (25/04/2028) | 3.15% |
| ICICI Bank Limited | 3.15% |
| Wockhardt Limited | 2.52% |
Largest holdings only in ITI Banking & PSU Debt Fund
| Security | % of fund |
|---|---|
| HDFC Bank Limited (22/01/2027) | 8.66% |
| 6.94% Government of India (11/05/2036) | 5.80% |
| 6.53% Government of India (07/09/2031) | 5.12% |
| Bank of Baroda (05/03/2027) | 2.86% |
| Corporate Debt Market Development Fund Class A2 | 0.32% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ITI Balanced Advantage | ITI Banking & PSU Debt |
|---|---|---|
| Equity | 74.4% | 0.0% |
| Debt | 20.0% | 81.4% |
| Cash and others | 5.6% | 18.6% |
Market cap of stocks
| Market cap | ITI Balanced Advantage | ITI Banking & PSU Debt |
|---|---|---|
| Large Cap | 32.4% | -- |
| Mid Cap | 14.4% | -- |
| Small Cap | 22.9% | -- |
| Not on AMFI's list | 4.7% | -- |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | ITI Balanced Advantage | ITI Banking & PSU Debt |
|---|---|---|
| Banks | 17.2% | 0.0% |
| Pharmaceuticals & Biotechnology | 8.4% | 0.0% |
| Finance | 4.7% | 0.0% |
| Petroleum Products | 4.3% | 0.0% |
| Chemicals & Petrochemicals | 3.6% | 0.0% |
| Automobiles | 3.2% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
ITI Balanced Advantage vs ITI Banking & PSU Debt: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ITI Balanced Advantage Fund | ITI Banking & PSU Debt Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.59% | 0.23% |
| Base expense ratio (Direct) | 0.64% | 0.18% |
| Total expense ratio (Regular) | 3.24% | 0.75% |
| Base expense ratio (Regular) | 2.10% | 0.63% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare ITI Balanced Advantage with
ITI Balanced Advantage Fund vs ITI Banking & PSU Debt Fund: Frequently Asked Questions
What is the difference between ITI Balanced Advantage Fund and ITI Banking & PSU Debt Fund?
ITI Balanced Advantage Fund is a Balanced Advantage fund, ITI Banking & PSU Debt Fund is a Banking & PSU fund, run by ITI Mutual Fund. Their portfolios overlap 14.1%. ITI Balanced Advantage Fund charges 1.59% a year and ITI Banking & PSU Debt Fund 0.23%.
Which has given higher returns, ITI Balanced Advantage Fund or ITI Banking & PSU Debt Fund?
Over 1 year: ITI Balanced Advantage Fund −6.88%, ITI Banking & PSU Debt Fund +4.10%. Over 3 years: ITI Balanced Advantage Fund +7.67% a year, ITI Banking & PSU Debt Fund +6.79% a year. Over 5 years: ITI Balanced Advantage Fund +6.17% a year, ITI Banking & PSU Debt Fund +6.27% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ITI Balanced Advantage Fund or ITI Banking & PSU Debt Fund?
ITI Banking & PSU Debt Fund charges less: 0.23% a year against 1.59%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ITI Balanced Advantage Fund and ITI Banking & PSU Debt Fund overlap?
14.1%. They hold 8 of the same securities, the largest shared ones being 7.48% National Bank For Agriculture and Rural Development (15/09/2028), 7.53% National Bank For Agriculture and Rural Development (24/03/2028), 7.79% Small Industries Dev Bank of India (19/04/2027). From each fund's latest monthly portfolio.
Which is riskier, ITI Balanced Advantage Fund or ITI Banking & PSU Debt Fund?
On SEBI's riskometer, ITI Balanced Advantage Fund is rated Very High and ITI Banking & PSU Debt Fund Low to Moderate. Over 3 years, the standard deviation of daily returns was 9.32% and 0.83% a year.
Which is better for SIP, ITI Balanced Advantage Fund or ITI Banking & PSU Debt Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,00,774 in ITI Balanced Advantage Fund (XIRR 5.4% a year) and ₹7,17,392 in ITI Banking & PSU Debt Fund (XIRR 6.3% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both ITI Balanced Advantage Fund and ITI Banking & PSU Debt Fund?
Yes. 14.1% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages ITI Balanced Advantage Fund and ITI Banking & PSU Debt Fund?
ITI Balanced Advantage Fund: Nilay Dalal, Animesh Singh. ITI Banking & PSU Debt Fund: Laukik Bagwe.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.