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ITI Business Cycle Fund Direct Growth
EquityEquity - OtherVery High Risk
Direct
NAV (05-Jun-26)
₹10.28-0.26%1D
Returns (Since Inception)
2.81%
Rated ★4.3+ on 
Fund Overview
Fund Size
₹103 Cr
Expense Ratio
0.62%
ISIN
INF00XX01DM9
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
09 Mar 2026
About this fund
ITI Business Cycle Fund Direct Growth is a Equity - Other mutual fund schemes offered by ITI Mutual Fund. This fund has been in existence for 2 months and 29 days, having been launched on 09-Mar-26.
As of 05-Jun-26, it has a Net Asset Value (NAV) of ₹10.28, Assets Under Management (AUM) of 103.16 Crores, and an expense ratio of 0.62%.
As of 05-Jun-26, it has a Net Asset Value (NAV) of ₹10.28, Assets Under Management (AUM) of 103.16 Crores, and an expense ratio of 0.62%.
- ITI Business Cycle Fund Direct Growth has given a CAGR return of 2.81% since inception.
- The fund's asset allocation comprises around 95.97% in equities, 0.00% in debts, and 4.03% in cash & cash equivalents.
- You can start investing in ITI Business Cycle Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
Since Inception
+2.81%
— (Cat Avg.)
Portfolio Summaryas of 30th April 2026
| Equity | ₹99.01 Cr | 95.97% |
| Others | ₹4.15 Cr | 4.03% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| HDFC Bank Ltd | Equity | ₹5.27 Cr | 5.11% |
| Net Receivables / (Payables) | Cash | ₹4.15 Cr | 4.03% |
| ICICI Bank Ltd | Equity | ₹3.75 Cr | 3.64% |
| Reliance Industries Ltd | Equity | ₹3.42 Cr | 3.32% |
| Bharat Electronics Ltd | Equity | ₹2.24 Cr | 2.18% |
| NTPC Ltd | Equity | ₹2.03 Cr | 1.97% |
| Titan Co Ltd | Equity | ₹1.89 Cr | 1.84% |
| Tata Steel Ltd | Equity | ₹1.89 Cr | 1.83% |
| Power Grid Corp Of India Ltd | Equity | ₹1.83 Cr | 1.77% |
| Coal India Ltd | Equity | ₹1.76 Cr | 1.71% |
| State Bank of India | Equity | ₹1.75 Cr | 1.69% |
| Oil & Natural Gas Corp Ltd | Equity | ₹1.73 Cr | 1.68% |
| Nestle India Ltd | Equity | ₹1.69 Cr | 1.64% |
| RBL Bank Ltd | Equity | ₹1.65 Cr | 1.60% |
| JSW Steel Ltd | Equity | ₹1.61 Cr | 1.56% |
| Data Patterns (India) Ltd | Equity | ₹1.57 Cr | 1.52% |
| BSE Ltd | Equity | ₹1.51 Cr | 1.46% |
| Laurus Labs Ltd | Equity | ₹1.49 Cr | 1.45% |
| Ipca Laboratories Ltd | Equity | ₹1.49 Cr | 1.44% |
| Neuland Laboratories Ltd | Equity | ₹1.49 Cr | 1.44% |
| Hindalco Industries Ltd | Equity | ₹1.47 Cr | 1.42% |
| Multi Commodity Exchange of India Ltd | Equity | ₹1.46 Cr | 1.41% |
| Tata Power Co Ltd | Equity | ₹1.43 Cr | 1.39% |
| Avenue Supermarts Ltd | Equity | ₹1.4 Cr | 1.36% |
| Ajanta Pharma Ltd | Equity | ₹1.4 Cr | 1.35% |
| Bharat Heavy Electricals Ltd | Equity | ₹1.39 Cr | 1.35% |
| Cummins India Ltd | Equity | ₹1.38 Cr | 1.34% |
| Union Bank of India | Equity | ₹1.32 Cr | 1.28% |
| Infosys Ltd | Equity | ₹1.31 Cr | 1.27% |
| Jindal Steel Ltd | Equity | ₹1.28 Cr | 1.24% |
| Adani Power Ltd | Equity | ₹1.27 Cr | 1.24% |
| Bharat Forge Ltd | Equity | ₹1.27 Cr | 1.23% |
| Glenmark Pharmaceuticals Ltd | Equity | ₹1.27 Cr | 1.23% |
| Sai Life Sciences Ltd | Equity | ₹1.22 Cr | 1.18% |
| Radico Khaitan Ltd | Equity | ₹1.22 Cr | 1.18% |
| Aurobindo Pharma Ltd | Equity | ₹1.21 Cr | 1.17% |
| Great Eastern Shipping Co Ltd | Equity | ₹1.2 Cr | 1.16% |
| Solar Industries India Ltd | Equity | ₹1.2 Cr | 1.16% |
| Siemens Energy India Ltd | Equity | ₹1.18 Cr | 1.15% |
| Tube Investments of India Ltd Ordinary Shares | Equity | ₹1.18 Cr | 1.14% |
| NHPC Ltd | Equity | ₹1.16 Cr | 1.13% |
| Alkem Laboratories Ltd | Equity | ₹1.15 Cr | 1.11% |
| Hindustan Copper Ltd | Equity | ₹1.14 Cr | 1.10% |
| Transformers & Rectifiers (India) Ltd | Equity | ₹1.14 Cr | 1.10% |
| J.B. Chemicals & Pharmaceuticals Ltd | Equity | ₹1.14 Cr | 1.10% |
| Aster DM Healthcare Ltd Ordinary Shares | Equity | ₹1.14 Cr | 1.10% |
| Godfrey Phillips India Ltd | Equity | ₹1.13 Cr | 1.09% |
| Steel Authority Of India Ltd | Equity | ₹1.09 Cr | 1.06% |
| Oberoi Realty Ltd | Equity | ₹1.09 Cr | 1.06% |
| Syrma SGS Technology Ltd | Equity | ₹1.09 Cr | 1.05% |
| CreditAccess Grameen Ltd Ordinary Shares | Equity | ₹1.08 Cr | 1.05% |
| Deepak Fertilisers & Petrochemicals Corp Ltd | Equity | ₹1.08 Cr | 1.04% |
| Finolex Cables Ltd | Equity | ₹1.08 Cr | 1.04% |
| Schaeffler India Ltd | Equity | ₹1.07 Cr | 1.04% |
| Granules India Ltd | Equity | ₹1.06 Cr | 1.03% |
| Bank of Maharashtra | Equity | ₹1.05 Cr | 1.02% |
| Natco Pharma Ltd | Equity | ₹1.04 Cr | 1.01% |
| NMDC Ltd | Equity | ₹1.04 Cr | 1.00% |
| City Union Bank Ltd | Equity | ₹1.03 Cr | 1.00% |
| CCL Products (India) Ltd | Equity | ₹1.02 Cr | 0.99% |
| Usha Martin Ltd | Equity | ₹1.01 Cr | 0.98% |
| FSN E-Commerce Ventures Ltd | Equity | ₹0.98 Cr | 0.95% |
| Timken India Ltd | Equity | ₹0.98 Cr | 0.95% |
| DCB Bank Ltd | Equity | ₹0.97 Cr | 0.94% |
| Marico Ltd | Equity | ₹0.95 Cr | 0.92% |
| India Cements Ltd | Equity | ₹0.92 Cr | 0.89% |
| Larsen & Toubro Ltd | Equity | ₹0.85 Cr | 0.83% |
| Shriram Finance Ltd | Equity | ₹0.81 Cr | 0.78% |
| Bharti Airtel Ltd | Equity | ₹0.77 Cr | 0.75% |
| GE Vernova T&D India Ltd | Equity | ₹0.72 Cr | 0.70% |
| National Aluminium Co Ltd | Equity | ₹0.62 Cr | 0.60% |
| Jammu & Kashmir Bank Ltd | Equity | ₹0.6 Cr | 0.59% |
| Aditya Birla Sun Life AMC Ltd | Equity | ₹0.5 Cr | 0.49% |
| Can Fin Homes Ltd | Equity | ₹0.41 Cr | 0.40% |
Allocation By Market Cap (Equity)
Large Cap Stocks
43.88%
Mid Cap Stocks
25.98%
Small Cap Stocks
26.11%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹23.15 Cr | 22.44% |
| Healthcare | ₹15.07 Cr | 14.61% |
| Basic Materials | ₹14.34 Cr | 13.90% |
| Industrials | ₹13.74 Cr | 13.31% |
| Utilities | ₹8.91 Cr | 8.64% |
| Consumer Defensive | ₹7.41 Cr | 7.18% |
| Energy | ₹6.92 Cr | 6.70% |
| Consumer Cyclical | ₹5.21 Cr | 5.05% |
| Technology | ₹2.4 Cr | 2.33% |
| Real Estate | ₹1.09 Cr | 1.06% |
| Communication Services | ₹0.77 Cr | 0.75% |
Risk & Performance Ratios
Standard Deviation
This fund
--
Cat. avg.
--
Lower the better
Sharpe Ratio
This fund
--
Cat. avg.
--
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
--
Higher the better
Fund Managers
Additional Scheme Detailsas of 30th April 2026
ISIN INF00XX01DM9 | Expense Ratio 0.62% | Exit Load No Charges | Fund Size ₹103 Cr | Age 2 months | Lumpsum Minimum ₹5,000 | Fund Status Open Ended Investment Company | Benchmark Nifty 500 TRI Index |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Equity - Other Funds
About the AMC
Other Funds by ITI Mutual Fund
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| ITI Business Cycle Fund Direct Growth Very High Risk | 0.6% | 0.0% | ₹103.16 Cr | - |
| Diviniti Equity Long Short Fund Direct Growth Very High Risk | 1.0% | 0.0% | ₹415.67 Cr | - |
| ITI Bharat Consumption Fund Direct Growth Very High Risk | 0.8% | 0.0% | ₹346.27 Cr | 0.2% |
| ITI Large & Mid Cap Fund Direct Growth Very High Risk | 2.4% | 0.0% | ₹735.57 Cr | -2.8% |
| ITI Focused Equity Fund Direct Growth Very High Risk | 5.3% | 0.0% | ₹561.17 Cr | 9.0% |
| ITI Liquid Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹54.64 Cr | 6.1% |
| ITI Ultra Short Duration Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹141.03 Cr | 6.2% |
| ITI Multi Cap Fund Direct Growth Very High Risk | 1.2% | 0.0% | ₹1364.64 Cr | 6.9% |
| ITI Value Fund Direct Growth Very High Risk | 0.7% | 0.0% | ₹352.62 Cr | 2.6% |
| ITI Conservative Hybrid Fund Direct Growth Moderate Risk | 0.2% | 0.0% | ₹14.80 Cr | 8.9% |
| ITI Dynamic Bond Fund Direct Growth Moderately High risk | 0.3% | 0.0% | ₹29.77 Cr | 1.2% |
| ITI Balanced Advantage Fund Direct Growth Moderate Risk | 1.6% | 0.0% | ₹351.17 Cr | -0.9% |
| ITI Small Cap Fund Direct Growth Very High Risk | 1.0% | 0.0% | ₹2936.51 Cr | 7.6% |
| ITI Large Cap Fund Direct Growth Very High Risk | 0.8% | 0.0% | ₹369.62 Cr | -4.1% |
| ITI Banking & PSU Debt Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹37.84 Cr | 4.5% |
| ITI Banking and Financial Services Fund Direct Growth Very High Risk | 0.7% | 0.0% | ₹362.26 Cr | 3.9% |
| ITI Arbitrage Fund Direct Growth Low Risk | 1.1% | 0.0% | ₹87.59 Cr | 6.6% |
| ITI Overnight Fund Direct Growth Low Risk | 0.2% | 0.0% | ₹15.61 Cr | 5.1% |
| ITI Mid Cap Fund Direct Growth Very High Risk | 0.6% | 0.0% | ₹1358.05 Cr | 6.0% |
| ITI Long Term Equity Fund Direct Growth Very High Risk | 1.9% | 0.0% | ₹434.10 Cr | -0.8% |
| ITI Pharma and Healthcare Fund Direct Growth Very High Risk | 3.1% | 0.0% | ₹229.56 Cr | 4.8% |
| ITI Flexi Cap Fund Direct Growth Very High Risk | 1.3% | 0.0% | ₹1290.33 Cr | 5.6% |
Risk Level
Your principal amount will be at Very High Risk
Take control of your wealth
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Still got questions?
We're here to help.
What is the current NAV of ITI Business Cycle Fund Direct Growth?
The NAV of ITI Business Cycle Fund Direct Growth, as of 05-Jun-2026, is ₹10.28.
What is the portfolio composition of ITI Business Cycle Fund Direct Growth?
The fund's allocation of assets is distributed as 95.97% in equities, 0.00% in bonds, and 4.03% in cash and cash equivalents.
Who manages the ITI Business Cycle Fund Direct Growth?
The fund managers responsible for ITI Business Cycle Fund Direct Growth are:-
- Alok Ranjan
- Nilay Dalal
- Rajesh Bhatia
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Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Pvt. Ltd. is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
