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ITI Business Cycle Fund Direct Growth
NAV: 11 Sep '26
₹11.02
Min. for SIP
₹500
Fund size (AUM)
₹116.38 Cr
Expense ratio
1.66%
Rating
--
Return calculator
Monthly investment
₹5,000
| Over the past | Total investment | Would've become | Historic returns | Returns |
|---|---|---|---|---|
| 3 months | ₹15,000 | ₹15,444 | +2.96% | |
| 6 months | ₹30,000 | ₹31,663 | +5.54% |
Holdings (76)
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| ICICI Bank Ltd | Financial | Equity | 3.69% |
| Net Receivables | Unspecified | Net Receivables | 2.92% |
| HDFC Bank Ltd | Financial | Equity | 2.85% |
| Bajaj Finance Ltd | Financial | Equity | 2.49% |
| Reliance Industries Ltd | Energy & Utilities | Equity | 2.08% |
| Bajaj Auto Ltd | Consumer Discretionary | Equity | 1.90% |
| State Bank of India | Financial | Equity | 1.90% |
| Titan Company Ltd | Consumer Discretionary | Equity | 1.89% |
| ESDS Software Solution Ltd. | Technology | Equity | 1.72% |
| Shriram Transport Finance Company Ltd | Financial | Equity | 1.72% |
| Divi's Laboratories Ltd | Healthcare | Equity | 1.58% |
| Grasim Industries Ltd | Materials | Equity | 1.55% |
| Laurus Labs Ltd | Healthcare | Equity | 1.54% |
| AU Small Finance Bank Ltd | Financial | Equity | 1.49% |
| Tech Mahindra Ltd | Technology | Equity | 1.49% |
| Turtlemint Fintech Solutions Ltd. | Technology | Equity | 1.48% |
| Hero Motocorp Ltd | Consumer Discretionary | Equity | 1.48% |
| Apollo Hospitals Enterprise Ltd | Healthcare | Equity | 1.42% |
| Zomato Ltd | Technology | Equity | 1.41% |
| LG Electronics India Ltd. | Consumer Discretionary | Equity | 1.39% |
| Nestle India Ltd | Consumer Staples | Equity | 1.37% |
| Cholamandalam Investment & Finance Company Ltd | Financial | Equity | 1.36% |
| Hindalco Industries Ltd | Materials | Equity | 1.34% |
| TVS Motor Company Ltd | Consumer Discretionary | Equity | 1.33% |
| SBI Funds Management Ltd | Financial | Equity | 1.32% |
| Ajanta Pharma Ltd | Healthcare | Equity | 1.32% |
| Oberoi Realty Ltd | Real Estate | Equity | 1.31% |
| Poonawalla Fincorp Ltd | Financial | Equity | 1.28% |
| IDFC First Bank Ltd | Financial | Equity | 1.28% |
| Aurobindo Pharma Ltd | Healthcare | Equity | 1.28% |
| Pidilite Industries Ltd | Materials | Equity | 1.27% |
| Glenmark Pharmaceuticals Ltd | Healthcare | Equity | 1.26% |
| Navin Fluorine International Ltd | Materials | Equity | 1.25% |
| Neuland Laboratories Ltd | Healthcare | Equity | 1.25% |
| Bharat Heavy Electricals Ltd | Industrials | Equity | 1.25% |
| L&T Finance Holdings Ltd | Financial | Equity | 1.25% |
| Hindustan Copper Ltd | Materials | Equity | 1.23% |
| Torrent Pharmaceuticals Ltd | Healthcare | Equity | 1.23% |
| Bharat Forge Ltd | Consumer Discretionary | Equity | 1.22% |
| Solar Industries India Ltd | Materials | Equity | 1.21% |
| Affle (India) Ltd | Industrials | Equity | 1.20% |
| Endurance Technologies Ltd | Consumer Discretionary | Equity | 1.18% |
| Delhivery Ltd | Industrials | Equity | 1.16% |
| Ipca Laboratories Ltd | Healthcare | Equity | 1.15% |
| Marico Ltd | Consumer Staples | Equity | 1.15% |
| Radico Khaitan Ltd | Consumer Staples | Equity | 1.14% |
| Jubilant Ingrevia Ltd | Materials | Equity | 1.12% |
| FSN E-Commerce Ventures Ltd | Consumer Discretionary | Equity | 1.11% |
| Biocon Ltd | Healthcare | Equity | 1.11% |
| RBL Bank Ltd | Financial | Equity | 1.11% |
| Dr. Lal Pathlabs Ltd | Healthcare | Equity | 1.10% |
| Gujarat Fluorochemicals Ltd | Materials | Equity | 1.10% |
| ABB India Ltd | Industrials | Equity | 1.09% |
| Yes Bank Ltd | Financial | Equity | 1.09% |
| Infosys Ltd | Technology | Equity | 1.08% |
| Elgi Equipments Ltd | Industrials | Equity | 1.08% |
| Redington Ltd | Technology | Equity | 1.08% |
| Data Patterns (India) Ltd | Industrials | Equity | 1.07% |
| Krishna Institute Of Medical Sciences Ltd | Healthcare | Equity | 1.04% |
| IIFL Finance Ltd | Financial | Equity | 1.03% |
| Finolex Cables Ltd | Industrials | Equity | 1.03% |
| Aster DM Healthcare Ltd | Healthcare | Equity | 1.00% |
| City Union Bank Ltd | Financial | Equity | 1.00% |
| Aarti Industries Ltd | Materials | Equity | 1.00% |
| Steel Authority Of India Ltd | Materials | Equity | 0.99% |
| Adani Power Ltd | Energy & Utilities | Equity | 0.98% |
| DCB Bank Ltd | Financial | Equity | 0.97% |
| Syrma SGS Technology Ltd | Technology | Equity | 0.97% |
| Usha Martin Ltd | Materials | Equity | 0.96% |
| Central Mine Planning & Design Institute Ltd. | Materials | Equity | 0.91% |
| CreditAccess Grameen Ltd | Financial | Equity | 0.87% |
| NMDC Ltd | Materials | Equity | 0.87% |
| The Great Eastern Shipping Company Ltd | Energy & Utilities | Equity | 0.85% |
| Borosil Renewables Ltd | Consumer Staples | Equity | 0.81% |
| National Aluminium Company Ltd | Materials | Equity | 0.51% |
| IIFL Wealth Management Ltd | Financial | Equity | 0.49% |
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 | +4.5% | +4.5% | -- | +7.7% |
| Category average (null null) | -- | -- | -- | -- |
| Rank (null null) | 8 | 8 | -- | -- |
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) | |
|---|---|---|---|---|
 | +2.45% | +14.73% | 13,052.40 | |
 | +10.05% | +14.44% | 82,580.31 | |
| +6.62% | +12.47% | 14,746.08 | |
 | -2.08% | +10.17% | 41,890.86 | |
| -9.62% | +8.30% | 1,759.08 | |
| 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
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 ₹12,675 Cr and the Latest NAV as of 11 Sep 2026 is ₹11.02.
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.
;
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₹12,674.56 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,