ITI Business Cycle Fund Direct Growth

ITI Business Cycle Fund Direct Growth

Equity

ITI Mutual Fund

Equity - Other

Get the latest NAV of ITI Business Cycle Fund Direct Growth. View historical returns compared to its benchmark and category average. Know which stocks and sectors the fund is investing in. Get an estimate of returns from the SIP and lump sum returns calculator. View detailed holding analysis and peer comparison. Get INDmoney ranking of the fund.

₹10.53

NAV as on 09 Nov 2026

3.82%/per year

Since Inception

Absolute Gain%

▲▼

20 people have invested ₹ 13K in ITI Business Cycle Fund in the last three months

ITI Business Cycle Fund Performance vs. Nifty 500

Fund returns vs Benchmark returns vs Category Average returns as on (09-Nov-26)

The fund has outperformed the benchmark (Nifty 500) over 1Y, but underperformed over 3Y, 5Y.

Period
1M
3M
6M
1Y
3Y
5Y
This Fund
-1.32%
-2.39%
-0.95%
--
--
--
Nifty 500
7.42%
-0.94%
1.62%
-0.14%
10.91%
8.61%
Equity - Other Avg
--
--
--
--
--
--
Best in Equity - Other
0.46%
-2.2%
2.1%
--
--
--
Worst in Equity - Other
-0.2%
-4.11%
2.1%
--
--
--

Peer comparison

Fund Name
INDmoney Rank
AUM (in Crs.)
Expense Ratio
1Y Returns
3Y Returns
3Y Alpha
3Y Beta
3Y Sharpe
3Y Sortino
3Y Info Ratio
ITI Business Cycle Fund
-
117Cr
1.66%
-
-
--
--
--
--
--
ICICI Prudential India Opportunities Fund
-
36,469Cr
0.94%
0.77%
15.26%
3.53
0.80
0.58
0.85
0.71
ICICI Prudential Business Cycle Fund
-
14,889Cr
1.01%
-1.94%
16.07%
3.94
0.89
0.57
0.86
0.89
HDFC Defence Fund
-
11,493Cr
0.89%
20.78%
34.59%
--
--
0.90
1.72
--
See all

ITI Business Cycle Fund Returns Calculator

Calculate SIP and lumpsum returns based on historical performance

  • 1-time

  • SIP

Total Investment

0

Profit

Total Corpus

0

Absolute Return
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ITI Business Cycle Fund Asset Allocation

See fund asset allocation details as on (14-Oct-26)

Fund Distribution

as on (14-Oct-26)

Large cap
30%
Small cap
28%
Mid cap
23.4%
Large Cap allocation has gone down from 39.5% to 30%
Large Cap allocation has gone down from 39.5% to 30%
Small Cap allocation has gone up from 24.3% to 28%
Small Cap allocation has gone up from 24.3% to 28%
Mid Cap allocation has gone down from 30.2% to 23.4%
Mid Cap allocation has gone down from 30.2% to 23.4%
Cash allocation has gone up from 2.9% to 8.7%
Cash allocation has gone up from 2.9% to 8.7%

ITI Business Cycle Fund Sector Allocation

See fund sector allocation details as on (14-Oct-26)

Sector Allocation

Top 3 Sectors in September were Financial Services, Health & Basic Materials

Sep'26

Financial Services

24%

Health

19%

Tech

14%

Aug'26

Financial Services

30%

Health

17%

Basic Materials

16%

ITI Business Cycle Fund Holdings Details

as on (31-Oct-26)

Holdings
Weight%
1M Change
Esds Software Solution Ltd
6.03%
0%
HDFC Bank Ltd
3.83%
34.6%
ICICI Bank Ltd
2.37%
-29.3%
Eternal Ltd
2.19%
59.7%
Manipal Payment and Identity Solutions Ltd
2.02%
0%
See all
Top Stocks bought last month
Bajaj Auto Ltd's allocation increased from 0.25% to 1.7%
Bajaj Auto Ltd's allocation increased from 0.25% to 1.7%
Eternal Ltd's allocation increased from 1.31% to 2.19%
Eternal Ltd's allocation increased from 1.31% to 2.19%
Finolex Cables Ltd's allocation increased from 0.82% to 1.19%
Finolex Cables Ltd's allocation increased from 0.82% to 1.19%
Top Stocks sold last month
ICICI Bank Ltd's allocation decreased from 4.71 % to 2.37 %
ICICI Bank Ltd's allocation decreased from 4.71 % to 2.37 %
Reliance Industries Ltd's allocation decreased from 2.72 % to 1.93 %
Reliance Industries Ltd's allocation decreased from 2.72 % to 1.93 %
Titan Co Ltd's allocation decreased from 1.83 % to 1.7 %
Titan Co Ltd's allocation decreased from 1.83 % to 1.7 %

ITI Business Cycle Fund Overview

Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.

Expense ratio1.66%
Benchmark
Nifty 500 TRI Index
AUM₹117 Cr
Inception Date9 March, 2026
Min Lumpsum/SIP₹5,000/₹500
Exit Load
0.5%
Lock InNo Lock-in
TurnOver
67.34%
Risk
Risk meter
pointer
Very High Risk

About ITI Business Cycle Fund

ITI Business Cycle Fund Direct Growth is an equity fund. This fund was started on 9 March, 2026. The fund is managed by Alok Ranjan, Rajesh Bhatia, Nilay Dalal. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. ITI Business Cycle Fund has ₹117 Cr worth of assets under management (AUM) as on Oct 2026 and is more than category average.
  2. The fund has an expense ratio 1.7.

Returns

ITI Business Cycle Fund has given a CAGR return of 3.82% since inception.

Holdings

ITI Business Cycle Fund has allocated its funds majorly in Cash Equivalent, Financial Services, Health, Tech, Basic Materials, Industrial, Consumer Cyclical, Consumer Defensive, Energy, Utilities. Its top holdings are Esds Software Solution Ltd, HDFC Bank Ltd, ICICI Bank Ltd, Eternal Ltd, Manipal Payment and Identity Solutions Ltd

Taxation

As it is a equity - other mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

Investment objective of ITI Business Cycle Fund

The Investment objective of the Scheme is to generate long-term capital appreciation by investing predominantly in equity and equity related securities through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. ITI Business Cycle Fund has no lock in period.

Fund Manager

Alok Ranjan

Fund Manager of ITI Business Cycle Fund, since 9 March 2026

Rajesh Bhatia

Fund Manager of ITI Business Cycle Fund, since 9 March 2026

Nilay Dalal

Fund Manager of ITI Business Cycle Fund, since 9 March 2026

Learn more about ITI Mutual Fund
Parameters
Sep'26
Aug'26
Jul'26
AUM
₹ 116.6 Cr
₹ 116.4 Cr
₹ 115.2 Cr
  • AUM of the fund stands at 116.6 Cr as of Sep'26
  • AUM increased by 0.2 Cr between Sep'26 and Aug'26

Frequently Asked Questions for ITI Business Cycle Fund Direct Growth

How do I invest in ITI Business Cycle Fund?

INDmoney makes it simple to invest in the ITI Business Cycle Fund. To do so, follow the steps below:
  • Download the INDmoney app.
  • Search for ‘ITI Business Cycle Fund’.
  • Select whether you want to invest in SIP or lump sum.
  • Enter the amount you wish to invest.
  • Set up payments via bank mandate or UPI.

What is the current NAV of ITI Business Cycle Fund?

The NAV of the fund today is ₹10.53. NAV or Net Asset Value is the per unit price of a mutual fund. For example, if the NAV of a fund is ₹10, it means you can get 1000 units of that mutual fund at ₹10,000.

Who is the fund manager of ITI Business Cycle Fund?

The fund managers are Alok Ranjan, Rajesh Bhatia, Nilay Dalal.

What is the exit load of the fund?

The exit load is 0.5% if redeemed in 0-3 Months. Exit load is a fee levied for ‘exiting’ the fund earlier than a stipulated period, usually 1 year.

What is the expense ratio of the fund?

The expense ratio is 1.66%. The Expense Ratio is a fee charged for managing the fund. This includes commissions, administrative costs etc.

What is the AUM of the fund?

The AUM of the fund is ₹117 Cr. AUM stands for Assets Under Management. It refers to the total assets managed by the fund.

What are the top holdings of ITI Business Cycle Fund?

The top 3 holdings of the fund are Esds Software Solution Ltd(6.03%), HDFC Bank Ltd(3.83%), ICICI Bank Ltd(2.37%)