October 24, 2026
mayank
ITI Business Cycle Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 9.87 |
| NAV IDCW (Rs.) | 9.87 |
| Bonus NaV (Rs.) | — |
| Min. Investment (Rs.) | 5,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. No of Cheques | 12 |
| Benchmark | NIFTY 500 TRI |
| AUM Rs. | 117 Cr |
| (As on 30-Sep-2026) | |
| Expense | 0.53% |
| 1 Year Return (%) | — |
| 3 Year Return (%) | — |
| 5 Year Return (%) | — |
| 10 Year Return (%) | — |
| Return Since Launch | -2.92% |
Suitable For Which Investors?
Business Cycle funds are suitable for investors:
1. Seeking exposure in a diversified set of stocks with a focus on riding business cycles for high returns
2. Aiming for long term wealth creation
3. With a 5+ year investment horizon
4. Who are at ease with the market’s ups and downs
Note:
• Invest only through SIP
Fund’s Investment Strategy:
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 Manager:
1) Alok Ranjan
Education: Mr. Ranjan has done MBA (Finance), BSc Physics (Honors)
Experience: Prior to joining ITI Mutual Fund,he was associated with IDBI Asset Management Limited, Shriram Asset Management Ltd. as Fund Manager (Equity), Way2wealth Securities Ltd. as Head of Research and Advisory and First Global Ltd. as Vice President- Research.
2) Nilay Dalal
Education: Mr. Nilay holds a degree in B.E (Computer) from D.J Sanghvi College of Engg & master’s in management studies in KJ Somaiya Institute of Management Studies & Research.
Experience: Prior to joining ITI Mutual Fund, he has with Axis Asset Management Company, SBI Life Insurance Company Ltd & MAQ Software Pvt Ltd.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0.5% for redemption within 3 months |
Basic Details of ITI Business Cycle Fund
| Fund House | ITI Mutual Fund |
| Launch Date | 09-Mar-26 |
| Return Since Launch | -2.92% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | 117 Cr |
| (As on 30-Sep-2026) | |
| Base Expense Ratio | 0.53% |
| (As on 30-Sep-2026) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | — |
ITI Business Cycle Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ITI Business Cycle Dir | — | -1.69 | -12.35 | -5.76 | -5.34 | — | — | — | — | — |
| BSE 500 TRI | — | -1.16 | -6.48 | -6.47 | -5.53 | — | — | — | — | — |
| Equity: Thematic-Business Cycle | — | -1.62 | -8.67 | -5.85 | -2.9 | — | — | — | — | — |
| Rank within category | — | 10 | 18 | 11 | 15 | — | — | — | — | — |
| Number of funds in category | 18 | 19 | 19 | 19 | 19 | 18 | 10 | 4 | 1 | 1 |
Peer Comparison of ITI Business Cycle Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| ITI Business Cycle Dir | Unrated | — | — | — | 0.53 | 117 | -2.92 | 0.50 (90) | 7M | — |
| ICICI Pru Business Cycle Dir | 4 out of 5 stars | -9.57 | 13.61 | 13.01 | 0.72 | 14,889 | 16.72 | 1.00 (30) | 5Y 9M | 94.00 |
| Kotak Business Cycle Dir | 4 out of 5 stars | -1.21 | 14.84 | — | 0.57 | 3,414 | 14.35 | 0.50 (90) | 4Y | 24.29 |
| Mahindra Manulife Business Cycle Dir | 5 out of 5 stars | -5.61 | 15.15 | — | 0.53 | 1,291 | 13.45 | 1.00 (90) | 3Y 1M | 95.00 |
| HDFC Business Cycle Dir | 2 out of 5 stars | -6.17 | 9.31 | — | 0.85 | 2,646 | 10.36 | 1.00 (365) | 3Y 10M | 35.40 |
ITI Business Cycle Fund Portfolio Analysis
| No. of Stocks | 71 |
| Top 10 Stocks | 25.37% |
| Top 5 Stocks | 16.44% |
| Top 3 Sectors | 51.73% |
| Portfolio P/B Ratio | 3.77 |
| Portfolio P/E Ratio | 30.52 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 76,500 | 1,14,774 |
| Large (%) | 32.86 | 47.17 |
| Mid (%) | 27.68 | 25.44 |
| Small (%) | 39.45 | 27.39 |
Note: Mutual fund investments are subject to market risks, read all scheme-related documents carefully.
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