ITI Balanced Advantage Fund vs ITI Multi Asset Allocation Fund
Direct Plan, Growth option · Data as on 30-10-2026
ITI Balanced Advantage Fund is a Balanced Advantage fund and ITI Multi Asset Allocation Fund is a Multi Asset fund. ITI Balanced Advantage Fund charges 1.59% a year and ITI Multi Asset Allocation Fund 1.92% (Direct plans). Their portfolios overlap 30.8%: they hold 27 of the same securities.
ITI Balanced Advantage Fund
Balanced Advantage
- Expense ratio
- 1.59%
- NAV
- ₹15.44
ITI Multi Asset Allocation Fund
Multi Asset
- Expense ratio
- 1.92%
- NAV
- ₹9.57
Which is better, ITI Balanced Advantage or ITI Multi Asset Allocation? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- ITI Balanced Advantage costs less: 1.59% a year against 1.92% (Direct plans).
- ITI Multi Asset Allocation fell less in its worst fall since 10-09-2026: −6.0% against −8.8%.
- ITI Balanced Advantage holds more in large companies: 32.4% of the fund in large caps against 18.1%.
- ITI Balanced Advantage is the larger fund: ₹320 Cr against ₹144 Cr.
- Their portfolios overlap 30.8%: 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 Multi Asset Allocation Fund |
|---|---|---|
| Fund house | ITI Mutual Fund | ITI Mutual Fund |
| Category | Balanced Advantage | Multi Asset |
| AUM | ₹320 Cr (30-09-2026) | ₹144 Cr (30-09-2026) |
| NAV | ₹15.44 (Direct) | ₹9.57 (Direct) |
| Expense ratio (Direct) | 1.59% | 1.92% |
| Expense ratio (Regular) | 3.24% | 3.61% |
| Riskometer | Very High | High |
| Benchmark | NIFTY 50 Hybrid Composite Debt 50:50 Index | 50% NIFTY 500 TRI + 30% CRISIL Composite Bond Index + 10% Domestic Price of Physical Gold + 10% Domestic Price of Silver |
| Launch date | 31-12-2019 | 07-09-2026 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Nilay Dalal, Animesh Singh | Nilay Dalal, 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. | Exit load of 0.50%, if redeemed within 3 months. |
ITI Balanced Advantage vs ITI Multi Asset Allocation: 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 Multi Asset Allocation Fund (Direct) | −3.02% | -- | -- | -- | -- | -- | -- |
| Balanced Advantage average | −0.55% | −2.88% | +0.08% | −2.08% | +9.14% | +8.35% | -- |
| Multi Asset average | −1.71% | -- | -- | -- | -- | -- | -- |
Category average: the average of the 38 Balanced Advantage funds and the 37 Multi Asset funds, same plan type.
ITI Balanced Advantage vs ITI Multi Asset Allocation: Year-wise Returns
| Year | Balanced AdvantageITI Balanced Advantage | Multi Asset AllocationITI Multi Asset Allocation |
|---|---|---|
| 2026to date | −7.34% | -- |
| 2025 | +6.26% | -- |
| 2024 | +15.52% | -- |
| 2023 | +19.44% | -- |
| 2022 | −1.18% | -- |
| 2021 | +24.86% | -- |
ITI Balanced Advantage vs ITI Multi Asset Allocation: Rolling Returns
Every holding period of both funds
ITI Balanced Advantage vs ITI Multi Asset Allocation: 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 Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.48% | −27.08% |
| Standard deviation | 12.67% | 10.04% |
| Sharpe ratio | 0.11 | -3.24 |
| Sortino ratio | 0.13 | -3.61 |
| Maximum drawdown | −33.6% (23-03-2020) | −6.0% (23-10-2026) |
| 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 Multi Asset Allocation 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) | −8.8% | 23-09-2026 | 23-10-2026 | Not yet | -- | −7.1% |
| ITI Multi Asset Allocation Fund (Direct) | −6.0% | 23-09-2026 | 23-10-2026 | Not yet | -- | −4.6% |
From daily values since 10-09-2026, the first day every fund has.
ITI Balanced Advantage vs ITI Multi Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: ITI Balanced Advantage Fund, September 2026; ITI Multi Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 30.8%
- Held by both
- 27
- Only in ITI Balanced Advantage
- 39
- Only in ITI Multi Asset Allocation
- 20
| Security | % of ITI Balanced Advantage | % of ITI Multi Asset Allocation |
|---|---|---|
| ICICI Bank Limited | 3.15% | 2.93% |
| HDFC Life Insurance Company Limited | 2.03% | 1.91% |
| Reliance Industries Limited | 4.26% | 1.66% |
| HDFC Bank Limited | 4.33% | 1.65% |
| Manipal Payment and Identity Solutions Ltd | 1.47% | 2.67% |
| Eternal Limited | 2.18% | 1.44% |
| Titan Company Limited | 1.18% | 1.25% |
| Kirloskar Oil Engines Limited | 1.13% | 1.26% |
| IDFC First Bank Limited | 1.10% | 1.96% |
| Grasim Industries Limited | 1.12% | 1.09% |
| Bajaj Auto Limited | 1.59% | 1.08% |
| Solar Industries India Limited | 1.22% | 1.04% |
| Bharat Heavy Electricals Limited | 1.10% | 1.03% |
| Piramal Pharma Limited | 1.06% | 1.03% |
| Hindustan Copper Limited | 1.00% | 1.01% |
| IIFL Finance Limited | 1.26% | 0.99% |
| Indo-MIM Limited | 1.00% | 0.99% |
| RBL Bank Limited | 1.40% | 0.98% |
| Kalpataru Projects International Limited | 1.15% | 0.98% |
| Glenmark Pharmaceuticals Limited | 1.04% | 0.94% |
| Ramkrishna Forgings Limited | 1.07% | 0.91% |
| Voltamp Transformers Limited | 1.17% | 0.87% |
| BEML Limited | 1.01% | 0.86% |
| LT Foods Limited | 0.96% | 0.80% |
| Bajaj Finance Limited | 0.73% | 0.99% |
| Ather Energy Limited | 0.52% | 0.50% |
| Bandhan Bank Limited | 0.50% | 0.48% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 30.8% means 30.8% 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 |
|---|---|
| 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% |
| Laurus Labs Limited | 2.37% |
Largest holdings only in ITI Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| 6.60% REC Limited (30/06/2027) | 3.44% |
| Union Bank of India (12/03/2027) | 3.36% |
| DSP Gold ETF | 3.32% |
| Mirae Asset Gold ETF | 2.79% |
| Global Health Limited | 1.14% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ITI Balanced Advantage | ITI Multi Asset Allocation |
|---|---|---|
| Equity | 74.4% | 46.9% |
| Debt | 20.0% | 6.8% |
| Cash and others | 5.6% | 46.3% |
Market cap of stocks
| Market cap | ITI Balanced Advantage | ITI Multi Asset Allocation |
|---|---|---|
| Large Cap | 32.4% | 18.1% |
| Mid Cap | 14.4% | 7.8% |
| Small Cap | 22.9% | 17.4% |
| Not on AMFI's list | 4.7% | 3.7% |
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 Multi Asset Allocation |
|---|---|---|
| Banks | 17.2% | 8.9% |
| Pharmaceuticals & Biotechnology | 8.4% | 3.9% |
| Finance | 4.7% | 3.1% |
| Petroleum Products | 4.3% | 1.7% |
| Industrial Products | 2.2% | 4.1% |
| Chemicals & Petrochemicals | 3.6% | 1.0% |
| Automobiles | 3.2% | 1.6% |
| Auto Components | 1.1% | 2.9% |
| Electrical Equipment | 2.3% | 2.8% |
The six largest sectors of each fund's stocks, % of the fund.
ITI Balanced Advantage vs ITI Multi Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ITI Balanced Advantage Fund | ITI Multi Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.59% | 1.92% |
| Base expense ratio (Direct) | 0.64% | 0.34% |
| Total expense ratio (Regular) | 3.24% | 3.61% |
| Base expense ratio (Regular) | 2.10% | 1.82% |
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
Compare ITI Multi Asset Allocation with
- ITI Multi Asset Allocation vs Quant Multi Asset Allocation
- ITI Multi Asset Allocation vs Nippon India Multi Asset Allocation
- ITI Multi Asset Allocation vs DSP Multi Asset Allocation
- ITI Multi Asset Allocation vs Kotak Multi Asset Allocation
- ITI Multi Asset Allocation vs WhiteOak Capital Multi Asset Allocation
ITI Balanced Advantage Fund vs ITI Multi Asset Allocation Fund: Frequently Asked Questions
What is the difference between ITI Balanced Advantage Fund and ITI Multi Asset Allocation Fund?
ITI Balanced Advantage Fund is a Balanced Advantage fund, ITI Multi Asset Allocation Fund is a Multi Asset fund, run by ITI Mutual Fund. Their portfolios overlap 30.8%. ITI Balanced Advantage Fund charges 1.59% a year and ITI Multi Asset Allocation Fund 1.92%.
Which has the lower expense ratio, ITI Balanced Advantage Fund or ITI Multi Asset Allocation Fund?
ITI Balanced Advantage Fund charges less: 1.59% a year against 1.92%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ITI Balanced Advantage Fund and ITI Multi Asset Allocation Fund overlap?
30.8%. They hold 27 of the same securities, the largest shared ones being ICICIBANK, HDFCLIFE, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, ITI Balanced Advantage Fund or ITI Multi Asset Allocation Fund?
On SEBI's riskometer, ITI Balanced Advantage Fund is rated Very High and ITI Multi Asset Allocation Fund High. Over their common history, the standard deviation of daily returns was 12.67% and 10.04% a year.
Can I invest in both ITI Balanced Advantage Fund and ITI Multi Asset Allocation Fund?
Yes. 30.8% 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 Multi Asset Allocation Fund?
ITI Balanced Advantage Fund: Nilay Dalal, Animesh Singh. ITI Multi Asset Allocation Fund: Nilay Dalal, 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.