ITI Balanced Advantage Fund vs ITI Large & Mid Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
ITI Balanced Advantage Fund is a Balanced Advantage fund and ITI Large & Mid Cap Fund is a Large & Mid Cap fund. In the year to 30-10-2026, ITI Balanced Advantage Fund (Direct) returned −6.9% and ITI Large & Mid Cap Fund (Direct) returned −4.2%. ITI Balanced Advantage Fund charges 1.59% a year and ITI Large & Mid Cap Fund 1.06% (Direct plans). Their portfolios overlap 29.6%: they hold 27 of the same securities.
ITI Balanced Advantage Fund
Balanced Advantage
- 1 year return
- −6.9%
- Expense ratio
- 1.59%
- NAV
- ₹15.44
ITI Large & Mid Cap Fund
Large & Mid Cap
- 1 year return
- −4.2%
- Expense ratio
- 1.06%
- NAV
- ₹9.70
Which is better, ITI Balanced Advantage or ITI Large & Mid Cap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- ITI Large & Mid Cap returned more over 1 year: −4.2% against −6.9%.
- ITI Large & Mid Cap costs less: 1.06% a year against 1.59% (Direct plans).
- ITI Balanced Advantage fell less in its worst fall since 13-09-2024: −9.7% against −20.2%.
- ITI Large & Mid Cap is the larger fund: ₹691 Cr against ₹320 Cr.
- Their portfolios overlap 29.6%: 27 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 Large & Mid Cap Fund |
|---|---|---|
| Fund house | ITI Mutual Fund | ITI Mutual Fund |
| Category | Balanced Advantage | Large & Mid Cap |
| AUM | ₹320 Cr (30-09-2026) | ₹691 Cr (30-09-2026) |
| NAV | ₹15.44 (Direct) | ₹9.70 (Direct) |
| Expense ratio (Direct) | 1.59% | 1.06% |
| Expense ratio (Regular) | 3.24% | 2.65% |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY 50 Hybrid Composite Debt 50:50 Index | Nifty LargeMidcap 250 TRI |
| Launch date | 31-12-2019 | 11-09-2024 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Nilay Dalal, Animesh Singh | Alok Ranjan, Nilay Dalal |
| Exit load | Exit Load for units in excess of 10% of the investment,0.50% will be charged for redemption within 3 months. | Exit load of 0.50%, if redeemed within 3 months |
ITI Balanced Advantage vs ITI Large & Mid Cap: 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 Large & Mid Cap Fund (Direct) | −4.04% | −3.89% | +0.64% | −4.22% | -- | -- | -- |
| Balanced Advantage average | −0.55% | −2.88% | +0.08% | −2.08% | +9.14% | +8.35% | -- |
| Large & Mid Cap average | −1.78% | −5.20% | −0.43% | −3.99% | -- | -- | -- |
Category average: the average of the 38 Balanced Advantage funds and the 36 Large & Mid Cap funds, same plan type.
ITI Balanced Advantage vs ITI Large & Mid Cap: Year-wise Returns
| Year | Balanced AdvantageITI Balanced Advantage | Large & Mid CapITI Large & Mid Cap |
|---|---|---|
| 2026to date | −7.34% | −1.41% |
| 2025 | +6.26% | +0.32% |
| 2024 | +15.52% | -- |
| 2023 | +19.44% | -- |
| 2022 | −1.18% | -- |
| 2021 | +24.86% | -- |
ITI Balanced Advantage vs ITI Large & Mid Cap: Rolling Returns
Every holding period of both funds, against NIFTY LargeMidcap 250 TRI, the benchmark of ITI Large & Mid Cap Fund
Rolling returns
Every 1-year holding period, 276 of them, one for each trading day from 15-09-2025 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 Large & Mid Cap Fund (Direct)
NIFTY LargeMidcap 250 TRI
to
Oct 2025Dec 2024
to
Dec 2025Mar 2025
to
Mar 2026May 2025
to
May 2026Jul 2025
to
Jul 2026Sept 2025
to
Sept 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ITI Balanced Advantage | 21.0 | 47.1 | 31.5 | 0.4 | 0.0 | 0.0 | 0.0 | 2.9% | 2.9% | −8.4% | 10.0% | 22% |
| ITI Large & Mid Cap | 30.4 | 37.3 | 27.5 | 4.7 | 0.0 | 0.0 | 0.0 | 2.5% | 2.1% | −7.3% | 14.2% | 22% |
| NIFTY LargeMidcap 250 TRI | 17.8 | 34.4 | 31.2 | 11.2 | 5.4 | 0.0 | 0.0 | 5.0% | 4.6% | −8.0% | 18.3% | -- |
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. The benchmark is NIFTY LargeMidcap 250 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 13-09-2024. Past returns do not promise future returns.
ITI Balanced Advantage vs ITI Large & Mid Cap: 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 02-09-2024 to 30-10-2026: 26 instalments, ₹2,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ITI Balanced AdvantageITI Balanced Advantage Fund (Direct) | ₹2,60,000 | ₹2,52,518 | −₹7,482 | −2.6% |
| ITI Large & Mid CapITI Large & Mid Cap Fund (Direct) | ₹2,60,000 | ₹2,62,127 | ₹2,127 | 0.7% |
ITI Balanced AdvantageITI Balanced Advantage Fund (Direct)
ITI Large & Mid CapITI Large & Mid Cap 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 Large & Mid Cap: 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 Large & Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −6.88% | −4.22% |
| Standard deviation | 9.25% | 16.81% |
| Sharpe ratio | -1.31 | -0.56 |
| Sortino ratio | -1.65 | -0.76 |
| Maximum drawdown | −9.7% (23-10-2026) | −17.1% (31-03-2026) |
| Beta | -- | 1.09 |
| Alpha | -- | +3.35% |
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 Large & Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.48% | −1.79% |
| Standard deviation | 12.67% | 16.99% |
| Sharpe ratio | 0.11 | -0.44 |
| Sortino ratio | 0.13 | -0.59 |
| Maximum drawdown | −33.6% (23-03-2020) | −20.2% (28-02-2025) |
| Beta | -- | 1.12 |
| Alpha | -- | +1.76% |
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 Large & Mid Cap Fund (Direct)
NIFTY LargeMidcap 250 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ITI Balanced Advantage Fund (Direct) | −9.7% | 02-01-2026 | 23-10-2026 | Not yet | -- | −8.1% |
| ITI Large & Mid Cap Fund (Direct) | −20.2% | 11-12-2024 | 28-02-2025 | 03-08-2026 | 17 months | −8.7% |
| NIFTY LargeMidcap 250 TRI | −18.8% | 26-09-2024 | 28-02-2025 | 17-11-2025 | 9 months | −8.6% |
From daily values since 13-09-2024, 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 Large & Mid Cap Fund (Direct)
NIFTY LargeMidcap 250 TRI
Against NIFTY LargeMidcap 250 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| ITI Balanced Advantage Fund (Direct) | 54% | 56% | 10.13% |
| ITI Large & Mid Cap Fund (Direct) | 125% | 117% | 6.84% |
From month-end values since 13-09-2024. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
ITI Balanced Advantage vs ITI Large & Mid Cap: Portfolio Overlap
From each fund's latest monthly portfolio: ITI Balanced Advantage Fund, September 2026; ITI Large & Mid Cap Fund, September 2026
Holdings in common
- Overlap
- 29.6%
- Held by both
- 27
- Only in ITI Balanced Advantage
- 39
- Only in ITI Large & Mid Cap
- 61
| Security | % of ITI Balanced Advantage | % of ITI Large & Mid Cap |
|---|---|---|
| ICICI Bank Limited | 3.15% | 2.27% |
| ESDS Software Solution Ltd | 2.20% | 4.59% |
| Divi's Laboratories Limited | 1.38% | 1.98% |
| Eternal Limited | 2.18% | 1.31% |
| Axis Bank Limited | 1.30% | 1.62% |
| Reliance Industries Limited | 4.26% | 1.27% |
| IIFL Finance Limited | 1.26% | 1.40% |
| Ujjivan Small Finance Bank Limited | 2.12% | 1.15% |
| Gujarat Fluorochemicals Limited | 1.23% | 1.15% |
| LG Electronics India Ltd | 1.15% | 1.97% |
| Voltamp Transformers Limited | 1.17% | 1.14% |
| Grasim Industries Limited | 1.12% | 1.18% |
| TVS Motor Company Limited | 1.12% | 1.96% |
| Hindalco Industries Limited | 1.16% | 1.07% |
| IDFC First Bank Limited | 1.10% | 1.06% |
| Glenmark Pharmaceuticals Limited | 1.04% | 1.26% |
| State Bank of India | 1.02% | 1.81% |
| Aditya Birla Capital Limited | 1.13% | 0.99% |
| AU Small Finance Bank Limited | 1.12% | 0.98% |
| Multi Commodity Exchange of India Limited | 1.07% | 0.98% |
| One 97 Communications Limited | 1.11% | 0.90% |
| Bajaj Finance Limited | 0.73% | 1.46% |
| Poonawalla Fincorp Limited | 0.99% | 0.67% |
| Bharat Heavy Electricals Limited | 1.10% | 0.65% |
| RBL Bank Limited | 1.40% | 0.60% |
| Cholamandalam Investment and Finance Company Ltd | 0.56% | 0.87% |
| Ather Energy Limited | 0.52% | 0.92% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 29.6% means 29.6% 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% |
| 8.13% Power Grid Corporation of India Limited (25/04/2028) | 3.15% |
| 7.48% National Bank For Agriculture and Rural Development (15/09/2028) | 2.80% |
| Wockhardt Limited | 2.52% |
| 7.53% National Bank For Agriculture and Rural Development (24/03/2028) | 2.49% |
Largest holdings only in ITI Large & Mid Cap Fund
| Security | % of fund |
|---|---|
| IndusInd Bank Limited | 2.07% |
| Larsen & Toubro Limited | 1.94% |
| Kotak Mahindra Bank Limited | 1.76% |
| Sun Pharmaceutical Industries Limited | 1.75% |
| Supriya Lifescience Limited | 1.59% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ITI Balanced Advantage | ITI Large & Mid Cap |
|---|---|---|
| Equity | 74.4% | 97.1% |
| Debt | 20.0% | 0.0% |
| Cash and others | 5.6% | 2.9% |
Market cap of stocks
| Market cap | ITI Balanced Advantage | ITI Large & Mid Cap |
|---|---|---|
| Large Cap | 32.4% | 34.5% |
| Mid Cap | 14.4% | 36.9% |
| Small Cap | 22.9% | 19.0% |
| Not on AMFI's list | 4.7% | 6.6% |
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 Large & Mid Cap |
|---|---|---|
| Banks | 17.2% | 16.0% |
| Pharmaceuticals & Biotechnology | 8.4% | 7.7% |
| Finance | 4.7% | 7.9% |
| Electrical Equipment | 2.3% | 5.7% |
| IT - Services | 2.2% | 5.5% |
| Automobiles | 3.2% | 5.3% |
| Petroleum Products | 4.3% | 1.3% |
| Chemicals & Petrochemicals | 3.6% | 1.9% |
The six largest sectors of each fund's stocks, % of the fund.
ITI Balanced Advantage vs ITI Large & Mid Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ITI Balanced Advantage Fund | ITI Large & Mid Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.59% | 1.06% |
| Base expense ratio (Direct) | 0.64% | 0.63% |
| Total expense ratio (Regular) | 3.24% | 2.65% |
| Base expense ratio (Regular) | 2.10% | 2.05% |
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 Large & Mid Cap Fund: Frequently Asked Questions
What is the difference between ITI Balanced Advantage Fund and ITI Large & Mid Cap Fund?
ITI Balanced Advantage Fund is a Balanced Advantage fund, ITI Large & Mid Cap Fund is a Large & Mid Cap fund, run by ITI Mutual Fund. Their portfolios overlap 29.6%. ITI Balanced Advantage Fund charges 1.59% a year and ITI Large & Mid Cap Fund 1.06%.
Which has given higher returns, ITI Balanced Advantage Fund or ITI Large & Mid Cap Fund?
Over 1 year: ITI Balanced Advantage Fund −6.88%, ITI Large & Mid Cap Fund −4.22%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ITI Balanced Advantage Fund or ITI Large & Mid Cap Fund?
ITI Large & Mid Cap Fund charges less: 1.06% 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 Large & Mid Cap Fund overlap?
29.6%. They hold 27 of the same securities, the largest shared ones being ICICIBANK, ESDS Software Solution Ltd, DIVISLAB. From each fund's latest monthly portfolio.
Which is riskier, ITI Balanced Advantage Fund or ITI Large & Mid Cap Fund?
On SEBI's riskometer, ITI Balanced Advantage Fund is rated Very High and ITI Large & Mid Cap Fund Very High. Over 1 years, the standard deviation of daily returns was 9.25% and 16.81% a year.
Can I invest in both ITI Balanced Advantage Fund and ITI Large & Mid Cap Fund?
Yes. 29.6% 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 Large & Mid Cap Fund?
ITI Balanced Advantage Fund: Nilay Dalal, Animesh Singh. ITI Large & Mid Cap Fund: Alok Ranjan, Nilay Dalal.
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.