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Invest in direct mutual funds at zero charges via lump sump investments or SIPs
ITI Business Cycle Fund Direct Growth
NAV: 02 Jun '26
₹10.29
Min. for SIP
₹500
Fund size (AUM)
₹103.16 Cr
Expense ratio
0.62%
Rating
--
Return calculator
Monthly investment
₹5,000
| Over the past | Total investment | Would've become | Historic returns | Returns |
|---|---|---|---|---|
| 3 months | ₹15,000 | ₹15,233 | +1.55% |
Holdings (74)
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| HDFC Bank Ltd | Financial | Equity | 5.11% |
| Net Receivables | Unspecified | Net Receivables | 4.03% |
| ICICI Bank Ltd | Financial | Equity | 3.64% |
| Reliance Industries Ltd | Energy & Utilities | Equity | 3.32% |
| Bharat Electronics Ltd | Industrials | Equity | 2.18% |
| NTPC Ltd | Energy & Utilities | Equity | 1.97% |
| Titan Company Ltd | Consumer Discretionary | Equity | 1.84% |
| Tata Steel Ltd | Materials | Equity | 1.83% |
| Power Grid Corporation of India Ltd | Energy & Utilities | Equity | 1.77% |
| Coal India Ltd | Materials | Equity | 1.71% |
| State Bank of India | Financial | Equity | 1.69% |
| Oil & Natural Gas Corporation Ltd | Energy & Utilities | Equity | 1.68% |
| Nestle India Ltd | Consumer Staples | Equity | 1.64% |
| RBL Bank Ltd | Financial | Equity | 1.60% |
| JSW Steel Ltd | Materials | Equity | 1.56% |
| Data Patterns (India) Ltd | Industrials | Equity | 1.52% |
| BSE Ltd | Financial | Equity | 1.46% |
| Laurus Labs Ltd | Healthcare | Equity | 1.45% |
| Ipca Laboratories Ltd | Healthcare | Equity | 1.44% |
| Neuland Laboratories Ltd | Healthcare | Equity | 1.44% |
| Hindalco Industries Ltd | Materials | Equity | 1.42% |
| Multi Commodity Exchange Of India Ltd | Financial | Equity | 1.41% |
| Tata Power Company Ltd | Energy & Utilities | Equity | 1.39% |
| Avenue Supermarts Ltd | Consumer Staples | Equity | 1.36% |
| Ajanta Pharma Ltd | Healthcare | Equity | 1.35% |
| Bharat Heavy Electricals Ltd | Industrials | Equity | 1.35% |
| Cummins India Ltd | Industrials | Equity | 1.34% |
| Union Bank of India | Financial | Equity | 1.28% |
| Infosys Ltd | Technology | Equity | 1.27% |
| Jindal Steel & Power Ltd | Materials | Equity | 1.24% |
| Adani Power Ltd | Energy & Utilities | Equity | 1.24% |
| Bharat Forge Ltd | Consumer Discretionary | Equity | 1.23% |
| Glenmark Pharmaceuticals Ltd | Healthcare | Equity | 1.23% |
| Sai Life Sciences Ltd. | Healthcare | Equity | 1.18% |
| Radico Khaitan Ltd | Consumer Staples | Equity | 1.18% |
| Aurobindo Pharma Ltd | Healthcare | Equity | 1.17% |
| The Great Eastern Shipping Company Ltd | Energy & Utilities | Equity | 1.16% |
| Solar Industries India Ltd | Materials | Equity | 1.16% |
| Siemens Energy India Ltd | Energy & Utilities | Equity | 1.15% |
| Tube Investments Of India Ltd | Consumer Discretionary | Equity | 1.14% |
| NHPC Ltd | Energy & Utilities | Equity | 1.13% |
| Alkem Laboratories Ltd | Healthcare | Equity | 1.11% |
| Transformers & Rectifiers India Ltd | Industrials | Equity | 1.10% |
| Hindustan Copper Ltd | Materials | Equity | 1.10% |
| JB Chemicals & Pharmaceuticals Ltd | Healthcare | Equity | 1.10% |
| Aster DM Healthcare Ltd | Healthcare | Equity | 1.10% |
| Godfrey Phillips India Ltd | Consumer Staples | Equity | 1.09% |
| Steel Authority Of India Ltd | Materials | Equity | 1.06% |
| Oberoi Realty Ltd | Real Estate | Equity | 1.06% |
| Syrma SGS Technology Ltd | Technology | Equity | 1.05% |
| CreditAccess Grameen Ltd | Financial | Equity | 1.05% |
| Deepak Fertilisers & Petrochemicals Corporation Ltd | Materials | Equity | 1.04% |
| Finolex Cables Ltd | Industrials | Equity | 1.04% |
| Schaeffler India Ltd | Industrials | Equity | 1.04% |
| Granules India Ltd | Healthcare | Equity | 1.03% |
| Bank of Maharashtra | Financial | Equity | 1.02% |
| Natco Pharma Ltd | Healthcare | Equity | 1.01% |
| NMDC Ltd | Materials | Equity | 1.00% |
| City Union Bank Ltd | Financial | Equity | 1.00% |
| CCL Products (India) Ltd | Consumer Staples | Equity | 0.99% |
| Usha Martin Ltd | Materials | Equity | 0.98% |
| FSN E-Commerce Ventures Ltd | Consumer Discretionary | Equity | 0.95% |
| Timken India Ltd | Industrials | Equity | 0.95% |
| DCB Bank Ltd | Financial | Equity | 0.94% |
| Marico Ltd | Consumer Staples | Equity | 0.92% |
| The India Cements Ltd | Materials | Equity | 0.89% |
| Larsen & Toubro Ltd | Industrials | Equity | 0.83% |
| Shriram Transport Finance Company Ltd | Financial | Equity | 0.78% |
| Bharti Airtel Ltd | Technology | Equity | 0.75% |
| GE T&D India Ltd | Industrials | Equity | 0.70% |
| National Aluminium Company Ltd | Materials | Equity | 0.60% |
| The Jammu & Kashmir Bank Ltd | Financial | Equity | 0.59% |
| Aditya Birla Sun Life AMC Ltd | Financial | Equity | 0.49% |
| Can Fin Homes Ltd | Financial | Equity | 0.40% |
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 | +0.6% | -- | -- | +3.4% |
| Category average (null null) | -- | -- | -- | -- |
| Rank (null null) | -- | -- | -- | -- |
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) | |
|---|---|---|---|---|
 | +3.98% | +19.39% | 72,672.99 | |
 | -0.79% | +18.81% | 12,102.39 | |
| -0.68% | +17.20% | 13,850.25 | |
 | -1.06% | +14.96% | 38,168.18 | |
| -8.82% | +14.25% | 1,648.29 | |
| 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 ₹11,161 Cr and the Latest NAV as of 02 Jun 2026 is ₹10.29.
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₹11,161.50 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,