Stocks
Invest in Stocks
Invest in stocks, ETFs, IPOs with fast orders. Track returns on your stock holdings and view real-time P&L on your positions.
F&O
Mutual Funds
Invest in Mutual Funds
Invest in direct mutual funds at zero charges via lump sump investments or SIPs
ITI Business Cycle Fund Direct Growth
NAV: 22 Oct '26
₹9.87
Min. for SIP
₹500
Fund size (AUM)
₹116.61 Cr
Expense ratio
1.63%
Rating
--
Return calculator
Monthly investment
₹5,000
| Over the past | Total investment | Would've become | Historic returns | Returns |
|---|---|---|---|---|
| 3 months | ₹15,000 | ₹14,422 | -3.85% | |
| 6 months | ₹30,000 | ₹28,676 | -4.41% |
Holdings (73)
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| ESDS Software Solution Ltd. | Technology | Equity | 6.03% |
| Repo/CBLO | Unspecified | Repo/CBLO | 5.27% |
| HDFC Bank Ltd | Financial | Equity | 3.83% |
| Net Receivables | Unspecified | Net Receivables | 3.41% |
| ICICI Bank Ltd | Financial | Equity | 2.37% |
| Zomato Ltd | Technology | Equity | 2.19% |
| Manipal Payment and Identity Solutions Ltd. | Industrials | Equity | 2.02% |
| HDFC Life Insurance Co Ltd | Financial | Equity | 2.01% |
| Reliance Industries Ltd | Energy & Utilities | Equity | 1.93% |
| Titan Company Ltd | Consumer Discretionary | Equity | 1.70% |
| Bajaj Auto Ltd | Consumer Discretionary | Equity | 1.70% |
| Laurus Labs Ltd | Healthcare | Equity | 1.59% |
| Divi's Laboratories Ltd | Healthcare | Equity | 1.54% |
| Grasim Industries Ltd | Materials | Equity | 1.41% |
| LG Electronics India Ltd. | Consumer Discretionary | Equity | 1.40% |
| AU Small Finance Bank Ltd | Financial | Equity | 1.39% |
| Multi Commodity Exchange Of India Ltd | Financial | Equity | 1.34% |
| Ajanta Pharma Ltd | Healthcare | Equity | 1.32% |
| Bajaj Finance Ltd | Financial | Equity | 1.31% |
| Apollo Hospitals Enterprise Ltd | Healthcare | Equity | 1.30% |
| Kirloskar Oil Engines Ltd | Industrials | Equity | 1.29% |
| Piramal Pharma Ltd | Healthcare | Equity | 1.28% |
| Ramkrishna Forgings Ltd | Materials | Equity | 1.28% |
| TVS Motor Company Ltd | Consumer Discretionary | Equity | 1.26% |
| Aurobindo Pharma Ltd | Healthcare | Equity | 1.25% |
| Kalpataru Power Transmission Ltd | Industrials | Equity | 1.25% |
| INDO-MIM Ltd. | Industrials | Equity | 1.25% |
| Hindalco Industries Ltd | Materials | Equity | 1.24% |
| Redington Ltd | Technology | Equity | 1.23% |
| BEML Ltd | Industrials | Equity | 1.22% |
| Poonawalla Fincorp Ltd | Financial | Equity | 1.22% |
| IDFC First Bank Ltd | Financial | Equity | 1.21% |
| Syrma SGS Technology Ltd | Technology | Equity | 1.20% |
| Finolex Cables Ltd | Industrials | Equity | 1.19% |
| Glenmark Pharmaceuticals Ltd | Healthcare | Equity | 1.19% |
| Navin Fluorine International Ltd | Materials | Equity | 1.19% |
| Solar Industries India Ltd | Materials | Equity | 1.18% |
| RBL Bank Ltd | Financial | Equity | 1.17% |
| Torrent Pharmaceuticals Ltd | Healthcare | Equity | 1.17% |
| Bharat Heavy Electricals Ltd | Industrials | Equity | 1.17% |
| Neuland Laboratories Ltd | Healthcare | Equity | 1.16% |
| Dr. Lal Pathlabs Ltd | Healthcare | Equity | 1.13% |
| LT Foods Ltd | Consumer Staples | Equity | 1.13% |
| Ipca Laboratories Ltd | Healthcare | Equity | 1.12% |
| Hindustan Copper Ltd | Materials | Equity | 1.11% |
| Radico Khaitan Ltd | Consumer Staples | Equity | 1.10% |
| Marico Ltd | Consumer Staples | Equity | 1.10% |
| Elgi Equipments Ltd | Industrials | Equity | 1.04% |
| Gujarat Fluorochemicals Ltd | Materials | Equity | 1.03% |
| FSN E-Commerce Ventures Ltd | Consumer Discretionary | Equity | 1.02% |
| The Great Eastern Shipping Company Ltd | Energy & Utilities | Equity | 1.02% |
| Adani Power Ltd | Energy & Utilities | Equity | 1.01% |
| Data Patterns (India) Ltd | Industrials | Equity | 1.01% |
| Yes Bank Ltd | Financial | Equity | 1.00% |
| Biocon Ltd | Healthcare | Equity | 1.00% |
| City Union Bank Ltd | Financial | Equity | 0.99% |
| Global Health Ltd | Healthcare | Equity | 0.98% |
| Usha Martin Ltd | Materials | Equity | 0.96% |
| Infosys Ltd | Technology | Equity | 0.95% |
| IIFL Finance Ltd | Financial | Equity | 0.95% |
| Aster DM Healthcare Ltd | Healthcare | Equity | 0.92% |
| Steel Authority Of India Ltd | Materials | Equity | 0.92% |
| Aarti Industries Ltd | Materials | Equity | 0.91% |
| DCB Bank Ltd | Financial | Equity | 0.90% |
| Inox Green Energy Services Ltd | Industrials | Equity | 0.83% |
| Central Mine Planning & Design Institute Ltd. | Materials | Equity | 0.82% |
| Turtlemint Fintech Solutions Ltd. | Technology | Equity | 0.78% |
| NMDC Ltd | Materials | Equity | 0.75% |
| State Bank of India | Financial | Equity | 0.74% |
| SBI Funds Management Ltd | Financial | Equity | 0.59% |
| Ather Energy Ltd. | Consumer Discretionary | Equity | 0.57% |
| Bandhan Bank Ltd | Financial | Equity | 0.50% |
| National Aluminium Company Ltd | Materials | Equity | 0.46% |
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 | 1M | 3M | 6M | All |
|---|---|---|---|---|
| Fund returns | -9.9% | -5.0% | -4.1% | -1.3% |
| Category average (null null) | -- | -5.1% | -1.9% | +43.1% |
| Rank (null null) | -- | 9 | 14 | -- |
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) | |
|---|---|---|---|---|
 | -6.27% | +12.84% | 12,155.57 | |
 | +1.58% | +12.23% | 80,905.55 | |
| -6.26% | +10.47% | 1,623.24 | |
| -1.95% | +9.20% | 14,256.56 | |
 | -7.07% | +8.24% | 40,800.81 | |
| 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 ₹12,560 Cr and the Latest NAV as of 22 Oct 2026 is ₹9.87.
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₹12,560.29 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,