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MF Analyser

ITI Business Cycle Fund

Direct Plan · Growth Option · Sectoral / Thematic · Scheme code 154157

NAV₹10.8834as on 25 Sep 2026
Fund houseITI Mutual Fund
CategorySectoral / Thematic
Plan & optionDirect · Growth Option
History0.5 years

Returns (%)

 1M3M6M1Y3Y5Y7Y10YLaunch
This scheme 2.623.5610.65 ——— ———
Nifty 500
benchmark		 0.874.312.15 5.2012.4911.41 ——15.49
Sectoral / Thematic
category median		 ——— 3.5214.6711.99 —14.72—

Over a year annualised (CAGR), under a year absolute. Computed from AMFI's published NAV history for this scheme.

Risk

 VolatilitySharpeSortinoBetaAlphaMax fallR²
This scheme 11.4% — — — — -4.3% —
Nifty 500
benchmark		 17.2%0.35 0.47—— -37.3%—

Risk-free rate 6.5%. Beta, alpha and R² are regressed on the — months this scheme and its benchmark share.

Growth of ₹100 since launch

95101106112MF Analyser

Drawdown from peak (%)

0%-2%-3%-5%
MF Analyser

ITI Business Cycle Fund

Direct Plan · Growth Option

Allocation

By asset

Equity97.08%
Cash & Equivalents2.92%

By market cap

Large Cap39.48%
Mid Cap30.22%
Small Cap24.34%
Unclassified3.04%

Concentration

Number of stocks75
Top 5 stocks13.01%
Top 10 stocks21.82%
Top 20 stocks36.44%
Lines in the filing76
Largest holding3.69%
Largest sectorBanks 15.38%
Effective stocks70.7
Sectors held30
Cash2.92%

Effective stocks is what the concentration works out to: a fund holding 75 names but most of its money in a few behaves like a fund of 71. Cash includes repo and TREPS, which every fund parks money in overnight.

Sector split

Banks — 15.4%Pharmaceuticals & Biotechnology — 11.7%Finance — 10.0%Chemicals & Petrochemicals — 7.0%Automobiles — 4.7%Healthcare Services — 4.6%Industrial Products — 3.9%Consumer Durables — 3.3%Non - Ferrous Metals — 3.1%Other — 36.4%Banks15.4%Pharmaceuticals & Biotech…11.7%Finance10.0%Chemicals & Petrochemicals7.0%Automobiles4.7%Healthcare Services4.6%Industrial Products3.9%Consumer Durables3.3%Non - Ferrous Metals3.1%Other36.4%
Banks15.38%
Pharmaceuticals & Biotechnology11.72%
Finance10.00%
Chemicals & Petrochemicals6.95%
Automobiles4.71%
Healthcare Services4.56%
Industrial Products3.88%
Consumer Durables3.28%
Non - Ferrous Metals3.08%
Cash & Equivalents2.92%
IT - Software2.57%
Retailing2.52%
Auto Components2.40%
Electrical Equipment2.34%
Petroleum Products2.08%
Transport Services2.01%
Commercial Services & Supplies1.99%
Capital Markets1.81%
Miscellaneous1.72%
Cement & Cement Products1.55%
MF Analyser

ITI Business Cycle Fund

Direct Plan · Growth Option · holdings

Top 30 holdings

#CompanySectorShares held Value
₹ cr		% of fund
1 ICICI Bank Limited Banks 29,573 4 3.69%
2 Net Receivables / (Payables) Unclassified — 3 2.92%
3 HDFC Bank Limited Banks 46,845 3 2.85%
4 Bajaj Finance Limited Finance 27,404 3 2.49%
5 Reliance Industries Limited Petroleum Products 18,934 2 2.08%
6 State Bank of India Banks 20,869 2 1.90%
7 Bajaj Auto Limited Automobiles 1,819 2 1.90%
8 Titan Company Limited Consumer Durables 4,317 2 1.89%
9 ESDS Software Solution Ltd Miscellaneous 46,614 2 1.72%
10 Shriram Finance Limited Finance 18,073 2 1.72%
11 Divi's Laboratories Limited Pharmaceuticals & Biotechnology 1,939 2 1.58%
12 Grasim Industries Limited Cement & Cement Products 5,359 2 1.55%
13 Laurus Labs Limited Pharmaceuticals & Biotechnology 9,375 2 1.54%
14 AU Small Finance Bank Limited Banks 16,013 2 1.49%
15 Tech Mahindra Limited IT - Software 10,634 2 1.49%
16 Turtlemint Fintech Solutions Limited Financial Technology (Fintech) 119,520 2 1.48%
17 Hero MotoCorp Limited Automobiles 3,156 2 1.48%
18 Apollo Hospitals Enterprise Limited Healthcare Services 1,856 2 1.42%
19 Eternal Limited Retailing 49,924 2 1.41%
20 LG Electronics India Ltd Consumer Durables 9,497 2 1.39%
21 Nestle India Limited Food Products 10,634 2 1.37%
22 Cholamandalam Investment and Finance Company Ltd Finance 8,524 2 1.36%
23 Hindalco Industries Limited Non - Ferrous Metals 15,309 2 1.34%
24 TVS Motor Company Limited Automobiles 3,567 2 1.33%
25 Ajanta Pharma Limited Pharmaceuticals & Biotechnology 4,251 2 1.32%
26 SBI Funds Management Limited Capital Markets 26,643 2 1.32%
27 Oberoi Realty Limited Realty 8,162 2 1.31%
28 Poonawalla Fincorp Limited Finance 32,043 1 1.28%
29 IDFC First Bank Limited Banks 173,501 1 1.28%
30 Aurobindo Pharma Limited Pharmaceuticals & Biotechnology 8,694 1 1.28%
MF Analyser

ITI Business Cycle Fund

Direct Plan · Growth Option · where the money sits

What the manager did last month

Between the filings of 31 Jul 2026 and 31 Aug 2026. A position grows because the manager bought or because the price rose; only the share count separates them.

BoughtSoldNew positionsSold out ofPrice move of holdings
₹0 cr ₹6 cr 11 10 +3.27%
StockShares tradedShares PriceValue
₹ cr
New position
Bajaj Auto Limited 1,819 entered — 2.2
ESDS Software Solution Ltd 46,614 entered — 2.0
Tech Mahindra Limited 10,634 entered — 1.7
Hero MotoCorp Limited 3,156 entered — 1.7
LG Electronics India Ltd 9,497 entered — 1.6
Poonawalla Fincorp Limited 32,043 entered — 1.5
Glenmark Pharmaceuticals Limited 5,919 entered — 1.5
Hindustan Copper Limited 27,279 entered — 1.4
Added to
Cholamandalam Investment and Finance Company Ltd 1,846 +27.6% +0.4% 0.3
Hindalco Industries Limited 1,184 +8.4% +4.2% 0.1
Trimmed
ICICI Bank Limited 8,211 -21.7% +1.3% 1.2
Turtlemint Fintech Solutions Limited 45,022 -27.4% +20.0% 0.7
Reliance Industries Limited 5,000 -20.9% -2.4% 0.6
IPCA Laboratories Limited 2,933 -30.2% +13.0% 0.6
HDFC Bank Limited 8,000 -14.6% -5.2% 0.6
Redington Limited 16,043 -31.3% +11.2% 0.6
RBL Bank Limited 11,847 -25.9% +1.3% 0.5
Gujarat Fluorochemicals Limited 847 -23.6% +7.5% 0.4
Sold out of
Adani Ports and Special Economic Zone Limited 9,350 exited — 1.6
Coal India Limited 36,593 exited — 1.5
BSE Limited 4,144 exited — 1.5
Gokaldas Exports Limited 17,935 exited — 1.5
Cummins India Limited 2,628 exited — 1.5
Lupin Limited 5,871 exited — 1.4
Deepak Fertilizers and Petrochemicals Corporation Limited 8,510 exited — 1.3
Rainbow Childrens Medicare Limited 8,060 exited — 1.2
Not equityPrevious filingThis filingChange
Cash, repo and TREPS ₹0 cr ₹0 cr +₹0 cr

The list above is stocks and fund units. Treasury bills, repo and money-market lines roll over every month by design — they are not decisions, so they are totalled here rather than listed as activity.

Not investment advice. InvestVerdict is not a SEBI-registered Investment Adviser or Research Analyst. Every figure is computed from AMFI's published NAV history and the portfolio the AMC filed with AMFI; none of it is a recommendation to buy, hold or sell. Past returns do not predict future ones. Generated 27 Sep 2026.