ITI Balanced Advantage Fund - Direct Plan - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Category : Dynamic Asset Allocation or Balanced Advantage

Portfolio Turnover Ratio : 585.00%. Category average turnover ratio is 431.27%. Fund manager updated portfolio more frequently than peers in last 1 year. (I.e. fund manager held stocks/bonds in the portfolio for shorter duration than peers)

Equity Holding : 56.94% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 56.94%

No of Stocks : 37 (Category Avg - 74.54) | Large Cap Investments : 31.56%| Mid Cap Investments : 1.63% | Small Cap Investments : 5.03% | Other : 18.72%

Portfolio Summary (as on 30th Sep,2025)

Particulars	This Scheme	Category
No. of Stocks	37	71.11
Top 5 Stock Weight	19.66%	21.56%
Top 10 Stock Weight	30.4%	33.1%
Top 3 Sector Weight	16.93%	24.46%

Category - Dynamic Asset Allocation or Balanced Advantage

Particulars	This Scheme	Category
Average mcap (Cr)	88850.91	93732.23
Holdings in large cap stocks	31.56%	38.85%
Holdings in mid cap stocks	1.63%	8.53%
Holdings in small cap stocks	5.03%	4.24%

Category - Dynamic Asset Allocation or Balanced Advantage

Top 10 Stocks holding in Portfolio (as on 30th Sep,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
HDFC Bank Ltd.	Private sector bank	202.1	5.09%	-0.04%	7.37% (Mar 2025)	4.08% (Jun 2025)	2.13 L	0.00
Reliance Industries Ltd.	Refineries & marketing	182.3	4.59%	1.23%	4.74% (Apr 2025)	3.36% (Aug 2025)	1.34 L	36.20 k
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	155	3.91%	-0.05%	3.96% (Aug 2025)	2.8% (Dec 2024)	82.50 k	0.00
Infosys Ltd.	Computers - software & consulting	131.7	3.32%	-0.09%	4.54% (Jan 2025)	3.32% (Sep 2025)	91.33 k	0.00
Bajaj Finance Ltd.	Non banking financial company (nbfc)	108.9	2.75%	0.32%	2.75% (Sep 2025)	0.91% (Nov 2024)	1.09 L	0.00
Swiggy Ltd.	E-retail/ e-commerce	99.7	2.51%	0.06%	2.51% (Sep 2025)	0% (Oct 2024)	2.36 L	0.00
Eternal Ltd.	E-retail/ e-commerce	93.1	2.35%	0.07%	2.35% (Sep 2025)	1.55% (Mar 2025)	2.86 L	0.00
Wockhardt Ltd.	Pharmaceuticals	80.3	2.02%	0.10%	2.23% (Jun 2025)	0% (Oct 2024)	53.00 k	0.00
HDFC Life Insurance Company Ltd.	Life insurance	76.8	1.93%	-0.06%	2.02% (Jun 2025)	1.01% (Dec 2024)	1.01 L	0.00
Garware Hi-Tech Films Ltd.	Plastic products - industrial	76.5	1.93%	0.15%	3.36% (Dec 2024)	1.78% (Aug 2025)	26.02 k	0.00

- indicates change in weight in the portfolio. # indicates a new entry.

View complete holding

Complete equity Portfolio (as on 30th Sep,2025)

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Sector
M-Cap

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Stock Invested in	Sector	Sector Total	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty	M-Cap	GroupName
HDFC Bank Ltd.	Private sector bank	6.52	202.1	5.09%	-0.04%	7.37% (Mar 2025)	4.08% (Jun 2025)	2.13 L	0.00	Other	18.72
Reliance Industries Ltd.	Refineries & marketing	4.59	182.3	4.59%	1.23%	4.74% (Apr 2025)	3.36% (Aug 2025)	1.34 L	36.20 k	Large Cap	31.56
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	3.91	155	3.91%	-0.05%	3.96% (Aug 2025)	2.8% (Dec 2024)	82.50 k	0.00	Large Cap	31.56
Infosys Ltd.	Computers - software & consulting	5.55	131.7	3.32%	-0.09%	4.54% (Jan 2025)	3.32% (Sep 2025)	91.33 k	0.00	Large Cap	31.56
Bajaj Finance Ltd.	Non banking financial company (nbfc)	2.75	108.9	2.75%	0.32%	2.75% (Sep 2025)	0.91% (Nov 2024)	1.09 L	0.00	Other	18.72
Swiggy Ltd.	E-retail/ e-commerce	4.86	99.7	2.51%	0.06%	2.51% (Sep 2025)	0% (Oct 2024)	2.36 L	0.00	Other	18.72
Eternal Ltd.	E-retail/ e-commerce	4.86	93.1	2.35%	0.07%	2.35% (Sep 2025)	1.55% (Mar 2025)	2.86 L	0.00	Other	18.72
Wockhardt Ltd.	Pharmaceuticals	2.02	80.3	2.02%	0.10%	2.23% (Jun 2025)	0% (Oct 2024)	53.00 k	0.00	Small Cap	5.03
HDFC Life Insurance Company Ltd.	Life insurance	3.75	76.8	1.93%	-0.06%	2.02% (Jun 2025)	1.01% (Dec 2024)	1.01 L	0.00	Large Cap	31.56
Garware Hi-Tech Films Ltd.	Plastic products - industrial	1.93	76.5	1.93%	0.15%	3.36% (Dec 2024)	1.78% (Aug 2025)	26.02 k	0.00	Small Cap	5.03
State Bank Of India	Public sector bank	1.88	74.4	1.88%	0.14%	2.01% (Nov 2024)	1.74% (Feb 2025)	85.30 k	0.00	Large Cap	31.56
Titan Company Ltd.	Gems, jewellery and watches	1.85	73.3	1.85%	-0.15%	2.01% (Jan 2025)	1.74% (Mar 2025)	21.76 k	0.00	Large Cap	31.56
SBI Life Insurance Co Ltd.	Life insurance	3.75	72.2	1.82%	-0.03%	1.98% (Jul 2025)	1.55% (Dec 2024)	40.32 k	0.00	Large Cap	31.56
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	2.18	72	1.81%	0.10%	1.81% (Sep 2025)	1.55% (Mar 2025)	21.01 k	0.00	Large Cap	31.56
ICICI Lombard General Insurance Co Ltd.	General insurance	1.55	61.4	1.55%	0.03%	1.63% (Oct 2024)	1.5% (Feb 2025)	32.50 k	0.00	Large Cap	31.56
Tata Consultancy Services Ltd.	Computers - software & consulting	5.55	56.2	1.42%	-0.10%	2.1% (Nov 2024)	0.49% (Jul 2025)	19.44 k	0.00	Large Cap	31.56
Larsen & Toubro Ltd.	Civil construction	1.34	53.1	1.34%	0.01%	1.39% (Nov 2024)	1.24% (Apr 2025)	14.50 k	0.00	Large Cap	31.56
PB Fintech Ltd.	Financial technology (fintech)	2.32	51.6	1.30%	-0.06%	1.65% (Dec 2024)	1.21% (Feb 2025)	30.30 k	0.00	Other	18.72
Siemens Energy India Ltd.	Power generation	2.07	46.1	1.16%	0.01%	1.16% (Sep 2025)	0% (Oct 2024)	13.44 k	0.00	Other	18.72
Amber Enterprises India Ltd.	Household appliances	1.08	42.9	1.08%	0.10%	1.08% (Sep 2025)	0% (Oct 2024)	5.31 k	0.00	Small Cap	5.03
Ultratech Cement Ltd.	Cement & cement products	1.05	41.6	1.05%	-0.04%	1.09% (Aug 2025)	0.94% (Feb 2025)	3.40 k	0.00	Large Cap	31.56
One 97 Communications Ltd.	Financial technology (fintech)	2.32	40.4	1.02%	-0.08%	1.1% (Aug 2025)	0% (Oct 2024)	35.99 k	0.00	Other	18.72
Axis Bank Ltd.	Private sector bank	6.52	38.6	0.97%	0.07%	2.53% (Apr 2025)	0.9% (Aug 2025)	34.07 k	0.00	Large Cap	31.56
National Thermal Power Corporation Ltd.	Power generation	2.07	36	0.91%	0.03%	3.45% (Oct 2024)	0.87% (Jun 2025)	1.06 L	0.00	Large Cap	31.56
Power Grid Corporation of India Ltd.	Power - transmission	0.84	33.3	0.84%	0.01%	1.01% (Nov 2024)	0.81% (Feb 2025)	1.19 L	0.00	Large Cap	31.56
HCL Technologies Limited	Computers - software & consulting	5.55	32.2	0.81%	-0.05%	1.15% (Dec 2024)	0.81% (Sep 2025)	23.21 k	0.00	Large Cap	31.56
ABB India Ltd.	Heavy electrical equipment	0.73	29.2	0.73%	0.02%	1.09% (Oct 2024)	0.71% (Aug 2025)	5.63 k	0.00	Large Cap	31.56
Dam Capital Advisors Ltd.	Stockbroking & allied	0.62	24.8	0.62%	0.03%	1.04% (Dec 2024)	0% (Oct 2024)	1.06 L	0.00	Other	18.72
Cummins India Ltd.	Compressors, pumps & diesel engines	0.59	23.6	0.59%	0.01%	0.59% (Sep 2025)	0.44% (Apr 2025)	6.00 k	0.00	Mid Cap	1.63
Apollo Hospitals Enterprises Ltd.	Hospital	0.54	21.3	0.54%	-0.01%	0.55% (Aug 2025)	0.47% (Feb 2025)	2.87 k	0.00	Mid Cap	1.63
# Hindustan Aeronautics Ltd.	Aerospace & defense	0.53	21.2	0.53%	0.53%	0.53% (Sep 2025)	0% (Oct 2024)	4.47 k	4.47 k	Other	18.72
# Cochin Shipyard Ltd.	Ship building & allied services	0.52	20.5	0.52%	0.52%	0.52% (Sep 2025)	0% (Oct 2024)	11.44 k	11.44 k	Other	18.72
Tata Consumer Products Ltd.	Tea & coffee	0.5	19.8	0.50%	0.03%	0.52% (Apr 2025)	0.41% (Dec 2024)	17.51 k	0.00	Mid Cap	1.63
Dixon Technologies (India) Ltd.	Consumer electronics	0.47	18.5	0.47%	-0.01%	0.52% (Dec 2024)	0% (Oct 2024)	1.13 k	0.00	Other	18.72
ICICI Bank Ltd.	Private sector bank	6.52	18.5	0.46%	-0.03%	4.22% (Apr 2025)	0% (Oct 2024)	13.69 k	0.00	Large Cap	31.56
Sagility India Ltd.	It enabled services	0.4	15.9	0.40%	-0.01%	0.49% (Jan 2025)	0% (Oct 2024)	3.72 L	0.00	Other	18.72
Tata Motors Ltd.	Passenger cars & utility vehicles	2.18	14.6	0.37%	0.01%	0.47% (Oct 2024)	0.35% (Apr 2025)	21.45 k	0.00	Large Cap	31.56
Bond - Sundaram Finance Limited	Non banking financial company (nbfc)	2.75	70.1	0.00%	-1.78%	-	-	-	-	Other	18.72
Bond - Reliance Retail Ventures Ltd.	Diversified retail		64.8	0.00%	-1.64%	-	-	-	-	Other	18.72

- indicates change in weight in the portfolio. # indicates a new entry.

New Stocks added in Portfolio (in 1 month period ending 30th Sep,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
# Bond - HDB Financial Services Ltd.	Non banking financial company (nbfc)	25.1	0.63%	0.63%	0% (Nov 2025)	0% (Nov 2025)	2.50 L	250000
# Hindustan Aeronautics Ltd.	Aerospace & defense	21.2	0.53%	0.53%	0.53% (Sep 2025)	0% (Oct 2024)	4.47 k	4467
# Cochin Shipyard Ltd.	Ship building & allied services	20.5	0.52%	0.52%	0.52% (Sep 2025)	0% (Oct 2024)	11.44 k	11436

Stocks removed from Portfolio (in 1 month period ending 30th Sep,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
Bond - Sundaram Finance Limited	Non banking financial company (nbfc)	70.1	0.00%	-1.78%	0% (Nov 2025)	0% (Nov 2025)	0.00	-700000
Bond - Reliance Retail Ventures Ltd.	Diversified retail	64.8	0.00%	-1.64%	0% (Nov 2025)	0% (Nov 2025)	0.00	-650000

Trend in stock holdings (Top 15 Holding)

Stock	Sep 2025	Aug 2025	Jul 2025	Jun 2025	May 2025	Apr 2025	Mar 2025	Feb 2025	Jan 2025	Dec 2024	Nov 2024	Oct 2024	Sep 2024
HDFC Bank Ltd.	5.09%	5.13%	5.67%	4.08%	4.10%	6.59%	7.37%	7.28%	6.93%	7.04%	7.13%	7.01%	6.84%
Reliance Industries Ltd.	4.59%	3.36%	3.37%	3.58%	4.25%	4.74%	4.39%	4.31%	4.41%	4.13%	4.39%	4.60%	5.01%
Infosys Ltd.	3.32%	3.41%	3.43%	3.58%	3.61%	3.51%	3.75%	4.20%	4.54%	4.42%	4.37%	4.20%	4.38%
Bharti Airtel Ltd.	3.91%	3.96%	3.26%	3.37%	3.21%	3.26%	3.10%	2.93%	2.94%	2.80%	2.87%	2.89%	-
Sun Pharmaceutical Industries Ltd.	-	-	-	-	-	2.66%	2.57%	2.46%	2.62%	2.76%	2.60%	2.75%	2.80%
Garware Hi-Tech Films Ltd.	1.93%	1.78%	2.24%	2.68%	3.09%	2.12%	2.68%	2.67%	2.50%	3.36%	3.31%	2.78%	2.57%
ICICI Bank Ltd.	0.46%	0.49%	-	-	-	4.22%	4.07%	2.74%	2.76%	2.75%	2.79%	2.82%	2.72%
Eternal Ltd.	2.35%	2.28%	2.25%	1.90%	1.77%	3.48%	3.10%	-	-	-	-	-	-
Zomato Ltd.	-	-	-	-	-	-	-	1.77%	1.71%	2.10%	2.11%	1.86%	2.01%
Swiggy Ltd.	2.51%	2.45%	2.50%	2.44%	2.09%	-	-	-	-	-	-	-	-
Bajaj Finance Ltd.	2.75%	2.43%	2.39%	2.50%	2.53%	2.41%	2.55%	2.53%	2.27%	1.92%	0.91%	0.97%	-
Wockhardt Ltd.	2.02%	1.92%	2.20%	2.23%	-	-	-	-	-	-	-	-	-
Axis Bank Ltd.	0.97%	0.90%	0.91%	2.45%	2.52%	2.53%	2.40%	2.31%	2.17%	2.29%	2.44%	2.53%	2.63%
BSE Ltd.	-	-	-	-	-	-	-	-	-	-	-	-	1.98%
Titan Company Ltd.	1.85%	2.00%	1.81%	1.97%	1.96%	1.88%	1.74%	1.82%	2.01%	1.82%	1.82%	1.86%	2.13%

No of Debt Holding 13 (Category Avg - 30.31) | Modified Duration 0.37 Years (Category Avg - 3.15)| Yield to Maturity 4.64% (Category Avg - 6.66%)

Portfolio Summary (as on 30th Sep,2025)

Security Type	% Weight	Category Average
GOI	3.88%	8.64%
CD	0.00%	0.41%
T-Bills	0.00%	1.13%
CP	0.00%	0.29%
NCD & Bonds	16.89%	11.16%
PTC	0.00%	0.32%

Category - Dynamic Asset Allocation or Balanced Advantage

Security Type	% Weight	Category Average
Government Backed	3.88%	9.77%
Low Risk	16.89%	11.24%
Moderate Risk	0.00%	0.00%
High Risk	0.00%	0.00%
Very High Risk	0.00%	0.00%
Others	0.00%	0.00%

Category - Dynamic Asset Allocation or Balanced Advantage

Debt holding in Portfolio (as on 30th Sep,2025)

Instrument	Type	Sector	Rating	Rating Agency	Value (Mn)	% of Total Holding	Quantity
Bond - Govt of India	GOI	Other			154.06	3.88%	15.00 L
Bond - Power Grid Corporation of India Ltd.	NCD & Bonds	Power - transmission	AAA	CRISIL	103.33	2.60%	10.00 L
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	101.73	2.56%	10.00 L
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	LAAA	ICRA	81.30	2.05%	8.00 L
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	76.19	1.92%	7.50 L
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	75.48	1.90%	7.50 L
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	71.00	1.79%	7.00 L
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	LAAA	ICRA	50.09	1.26%	5.00 L
Bond - National Thermal Power Corporation Ltd.	NCD & Bonds	Power generation	AAA	CRISIL	25.24	0.64%	2.50 L
Bond - HDB Financial Services Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	25.14	0.63%	2.50 L
Bond - Nuclear Power Corporation of India Limited	NCD & Bonds	Power generation	AAA	CRISIL	20.72	0.52%	2.00 L
Bond - National Housing Bank	NCD & Bonds	Financial institution	AAA	CRISIL	20.33	0.51%	2.00 L
Bond - Indian Railway Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	20.23	0.51%	2.00 L