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ITI Business Cycle Fund Direct Growth
NAV: 31 Jul '26
₹10.47
Min. for SIP
₹500
Fund size (AUM)
₹113.61 Cr
Expense ratio
1.76%
Rating
--
Return calculator
Monthly investment
₹5,000
| Over the past | Total investment | Would've become | Historic returns | Returns |
|---|---|---|---|---|
| 3 months | ₹15,000 | ₹15,072 | +0.48% |
Holdings (79)
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| Net Receivables | Unspecified | Net Receivables | 4.02% |
| HDFC Bank Ltd | Financial | Equity | 3.85% |
| ICICI Bank Ltd | Financial | Equity | 3.59% |
| State Bank of India | Financial | Equity | 2.89% |
| Reliance Industries Ltd | Energy & Utilities | Equity | 2.73% |
| Turtlemint Fintech Solutions Ltd. | Technology | Equity | 1.98% |
| Titan Company Ltd | Consumer Discretionary | Equity | 1.67% |
| RBL Bank Ltd | Financial | Equity | 1.49% |
| Adani Ports and Special Economic Zone Ltd | Industrials | Equity | 1.49% |
| Tata Steel Ltd | Materials | Equity | 1.48% |
| Grasim Industries Ltd | Materials | Equity | 1.46% |
| Ipca Laboratories Ltd | Healthcare | Equity | 1.45% |
| Laurus Labs Ltd | Healthcare | Equity | 1.42% |
| Apollo Hospitals Enterprise Ltd | Healthcare | Equity | 1.42% |
| BSE Ltd | Financial | Equity | 1.41% |
| Coal India Ltd | Materials | Equity | 1.41% |
| Gokaldas Exports Ltd | Consumer Discretionary | Equity | 1.38% |
| Nestle India Ltd | Consumer Staples | Equity | 1.32% |
| Cummins India Ltd | Industrials | Equity | 1.31% |
| Ajanta Pharma Ltd | Healthcare | Equity | 1.28% |
| Bharat Forge Ltd | Consumer Discretionary | Equity | 1.27% |
| Syrma SGS Technology Ltd | Technology | Equity | 1.27% |
| Radico Khaitan Ltd | Consumer Staples | Equity | 1.24% |
| Aurobindo Pharma Ltd | Healthcare | Equity | 1.21% |
| AU Small Finance Bank Ltd | Financial | Equity | 1.20% |
| Bharat Heavy Electricals Ltd | Industrials | Equity | 1.20% |
| Marico Ltd | Consumer Staples | Equity | 1.20% |
| Yes Bank Ltd | Financial | Equity | 1.19% |
| Hindalco Industries Ltd | Materials | Equity | 1.19% |
| Avenue Supermarts Ltd | Consumer Staples | Equity | 1.18% |
| Deepak Fertilisers & Petrochemicals Corporation Ltd | Materials | Equity | 1.17% |
| Biocon Ltd | Healthcare | Equity | 1.16% |
| Krishna Institute Of Medical Sciences Ltd | Healthcare | Equity | 1.15% |
| Solar Industries India Ltd | Materials | Equity | 1.15% |
| Navin Fluorine International Ltd | Materials | Equity | 1.14% |
| Adani Power Ltd | Energy & Utilities | Equity | 1.13% |
| Multi Commodity Exchange Of India Ltd | Financial | Equity | 1.13% |
| JB Chemicals & Pharmaceuticals Ltd | Healthcare | Equity | 1.12% |
| Kei Industries Ltd | Industrials | Equity | 1.11% |
| JSW Energy Ltd | Energy & Utilities | Equity | 1.10% |
| Siemens Ltd | Diversified | Equity | 1.10% |
| ABB India Ltd | Industrials | Equity | 1.09% |
| Data Patterns (India) Ltd | Industrials | Equity | 1.09% |
| Dr. Lal Pathlabs Ltd | Healthcare | Equity | 1.09% |
| Tata Power Company Ltd | Energy & Utilities | Equity | 1.09% |
| Angel One Ltd | Financial | Equity | 1.08% |
| Granules India Ltd | Healthcare | Equity | 1.08% |
| Aster DM Healthcare Ltd | Healthcare | Equity | 1.06% |
| Elgi Equipments Ltd | Industrials | Equity | 1.05% |
| Cholamandalam Investment & Finance Company Ltd | Financial | Equity | 1.05% |
| Trent Ltd | Consumer Discretionary | Equity | 1.04% |
| CCL Products (India) Ltd | Consumer Staples | Equity | 1.03% |
| Neuland Laboratories Ltd | Healthcare | Equity | 1.03% |
| Akzo Nobel India Ltd | Materials | Equity | 1.02% |
| Bandhan Bank Ltd | Financial | Equity | 1.02% |
| NBCC India Ltd | Industrials | Equity | 1.01% |
| FSN E-Commerce Ventures Ltd | Consumer Discretionary | Equity | 1.01% |
| Rainbow Childrens Medicare Ltd | Healthcare | Equity | 1.00% |
| Central Mine Planning & Design Institute Ltd. | Materials | Equity | 1.00% |
| Finolex Cables Ltd | Industrials | Equity | 0.99% |
| The Great Eastern Shipping Company Ltd | Energy & Utilities | Equity | 0.99% |
| Usha Martin Ltd | Materials | Equity | 0.98% |
| The Indian Hotels Company Ltd | Consumer Discretionary | Equity | 0.98% |
| Infosys Ltd | Technology | Equity | 0.98% |
| CreditAccess Grameen Ltd | Financial | Equity | 0.97% |
| Elecon Engineering Company Ltd | Industrials | Equity | 0.97% |
| Supreme Petrochem Ltd | Materials | Equity | 0.95% |
| Hindustan Copper Ltd | Materials | Equity | 0.94% |
| IIFL Finance Ltd | Financial | Equity | 0.94% |
| City Union Bank Ltd | Financial | Equity | 0.94% |
| Steel Authority Of India Ltd | Materials | Equity | 0.90% |
| Timken India Ltd | Industrials | Equity | 0.87% |
| NMDC Ltd | Materials | Equity | 0.86% |
| DCB Bank Ltd | Financial | Equity | 0.84% |
| Shriram Transport Finance Company Ltd | Financial | Equity | 0.79% |
| Larsen & Toubro Ltd | Industrials | Equity | 0.77% |
| GE T&D India Ltd | Industrials | Equity | 0.70% |
| Bharti Airtel Ltd | Technology | Equity | 0.67% |
| National Aluminium Company Ltd | Materials | Equity | 0.47% |
See All
Minimum investments
Min. for 1st investment
₹5,000
Min. for 2nd investment
₹1,000
Min. for SIP
₹500
Returns and rankings
Annualised returns
Absolute returns
| Name | 3M | 3M | 6M | All |
|---|---|---|---|---|
| Fund returns | +1.8% | +1.8% | -- | +4.7% |
| Category average (null null) | -- | -- | -- | -- |
| Rank (null null) | 19 | 19 | -- | -- |
Exit load, stamp duty and tax
Exit load
Exit load of 0.50%, if redeemed within 3 months.
Stamp duty on investment: 0.005% (from July 1st, 2020)
from July 1st 2020
Tax implication
If you redeem within one year, returns are taxed at 20%. If you redeem after one year, returns exceeding Rs 1.25 lakh in a financial year are taxed at 12.5%.
Check past data
Compare similar funds
| Name | 1Y | 3Y | Fund Size(Cr) | |
|---|---|---|---|---|
 | +3.65% | +17.73% | 12,489.74 | |
 | +6.99% | +16.74% | 78,407.03 | |
| +3.00% | +14.92% | 14,336.42 | |
 | +0.02% | +12.64% | 40,416.80 | |
| -5.06% | +12.27% | 1,583.05 | |
| Compare | ||||
Fund management
ARAlok RanjanFeb 2026 - PresentView details
AR
Alok Ranjan
Feb 2026 - Present
View details
NDNilay DalalFeb 2026 - PresentView details
ND
Nilay Dalal
Feb 2026 - Present
View details
RBRajesh BhatiaFeb 2026 - PresentView details
RB
Rajesh Bhatia
Feb 2026 - Present
View details
About ITI Business Cycle Fund Direct Growth
ITI Business Cycle Fund Direct Growth is a -- Mutual Fund Scheme launched by ITI Mutual Fund. This scheme was made available to investors on 14 May 2018. Alok Ranjan is the Current Fund Manager of ITI Business Cycle Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹11,989 Cr and the Latest NAV as of 31 Jul 2026 is ₹10.47.
The ITI Business Cycle Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹500. Minimum Lumpsum Investment is ₹5,000. Exit load of 0.50%, if redeemed within 3 months.
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Investment Objective
The Scheme seeks 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.
Fund benchmarkNIFTY 500 Total Return Index
Fund house
Rank (total assets)--
Total AUM₹11,988.92 Cr
Date of Incorporation14 May 2018
Launch Date14 May 2018
AddressITI Asset Mangement Limited,ITI House, Building no. 36,Dr. R. K. Shirodkar Marg, Parel, Mumbai 400012
Websitewww.karvymfs.com
AddressKarvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,