ITI Business Cycle Fund Regular Growth NAV today
AMFI: 154159ISIN: INF00XX01DJ5MUTF_IN: ITI_BUSI_CYCL_M5PKAIITI Mutual FundSectoral / Thematic funds
NAV ₹9.6002down ₹0.17 (1.69%)
NAV for 23 Oct 2026, against 22 Oct 2026. Declared once a day.
- Fund sizeAssets under management. The money the fund manages for all its investors, across every plan, at the end of the month.
- ₹117 CrSep 2026
- Expense ratioTotal expense ratio. What the fund charges each year as a share of the money invested, taken out of the NAV every day, so the returns shown are already after it.
- 3.39%19 Oct 2026
- Exit loadExit load. A charge, as a share of the amount redeemed, on units sold before a set period has passed since they were bought.
- 0.50%if sold within 3 months
- P/EP/E. What the fund pays for each rupee of yearly profit its companies earn: the total value of its shares divided by those companies' last four quarters of profit, each in proportion to what the fund holds. The profit leaves out one-off items (exceptional items and businesses sold or demerged), so one company's one-off gain cannot make the fund look cheap. A loss-making company lowers the profit. Shown when at least 80% of the fund's shares are counted.
- 28.530 Sep 2026
- Risk levelRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month.
- Very HighAug 2026
- HoldingsHoldings. The number of different securities in the fund's latest monthly portfolio: shares, bonds, money market paper and units of other funds, not cash, overnight lending or futures.
- 7130 Sep 2026
- LaunchedLaunch date. The day the fund first allotted units to investors, at the close of its new fund offer.
- 9 Mar 2026
ITI Business Cycle Fund returns
Regular Growth plan
Over each window to 23 Oct 2026
| Over | ReturnTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). | BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back. | Rank in categoryRank in category. The fund's place among the funds of its category with a return over the same window, highest return first. | Category medianCategory median. The middle return of the funds in the category over the same window: half returned more, half less. | Middle halfMiddle half of the category. The returns of the fund a quarter of the way down the category and the fund a quarter of the way up, over the same window: half the category's funds returned between the two. |
|---|---|---|---|---|---|
| 1 week | −5.80% | −3.77% | – | – | – |
| 1 month | −12.47% | −6.54% | 250 of 254 | −8.33% | −9.6% to −6.7% |
| 3 months | −6.18% | −6.53% | 114 of 249 | −6.53% | −8.0% to −4.6% |
| 6 months | −6.18% | −5.44% | 171 of 249 | −4.08% | −6.9% to +1.7% |
| 1 year | Needs a year | – | – | −6.21% | −10.1% to −0.6% |
| 3 years | Needs 3 years | – | – | +10.84% | +7.2% to +15.3% |
| 5 years | Needs 5 years | – | – | +9.47% | +6.9% to +13.1% |
| 10 years | Needs 10 years | – | – | +12.66% | +10.6% to +14.0% |
₹10,000 put in on 12 Mar 2026 is ₹9,621 at the NAV of 23 Oct 2026Growth of ₹10,000. What ₹10,000 put in at the NAV of the first day would be worth at the latest NAV, after the fund's expenses and before tax and any exit load.Over a year and longer, a return is the yearly rate. Benchmark: Nifty 500 TRI, over the same days as the fund. Rank, median and middle half among the Regular plans of Sectoral / Thematic funds, each fund's return to its latest NAV on or before 25 Oct 2026.
ITI Business Cycle Fund expense ratio and exit load
Per cent of the money invested, a year. Each month shows its last day filed; the parts were redefined from Apr 2026.
- Regular over directDirect and regular plan cost gap. The regular plan's expense ratio less the direct plan's: what buying through a distributor costs each year, since both plans own the same portfolio.
- 1.76 ptsA year, on 19 Oct 2026
- Direct, 30-day averageExpense ratio, 30-day average. The total expense ratio averaged over the last 30 days the fund filed it, which evens out the day-to-day moves in brokerage and levies.
- 1.64%Over the last 30 days filed
- Regular, 30-day averageExpense ratio, 30-day average. The total expense ratio averaged over the last 30 days the fund filed it, which evens out the day-to-day moves in brokerage and levies.
- 3.40%Over the last 30 days filed
Total expense ratio, month by month
- Regular plan
- Direct plan
Direct plan highest 2.00%, Jun 2026.Direct plan lowest 0.46%, Mar 2026.
What the expense ratio is made of
| Part | Direct | Regular |
|---|---|---|
| Base expense ratioBase expense ratio. The part of the expense ratio that pays the fund house and the distributor, before brokerage, transaction costs, levies and GST. | 0.53% | 2.10% |
| Brokerage | 0.33% | 0.33% |
| Transaction costs | 0.02% | 0.02% |
| Statutory levies | 0.75% | 0.94% |
Per cent of assets a year, filed for 19 Oct 2026. The parts add up to that day's total.
Exit load, in the fund house's words
0.50% if redeemed or switched out on or before completion of 3 months from the date of allotment of units ; Nil, if redeemed or switched out after completion of 3 months from the date of allotment of units.
Buying and selling
- Lump-sum purchases
- Accepted
- Minimum investmentMinimum investment. The smallest amount the plan accepts for a first purchase.
- ₹5,000
- Minimum top-up
- ₹1,000
- Minimum redemption
- ₹1,000
- SIP
- Accepted
- SIP instalments, at least
- Daily- 30 ; Weekly/Monthly -12 or 6
- STP, transfers to another fund
- Not accepted
- SWP, regular withdrawals
- Accepted
- Switches
- Accepted
- Lock-inLock-in. The time after each purchase during which those units cannot be sold.
- None
- SIP minimum
- Daily: Rs. 500/-/ Weekly and Monthly:Rs. 500/
- SIP dates
- Daily (Every Business Day), Weekly (Any Day from Monday to Friday),Monthly (Every Business Day)
As listed for this plan on 24 Oct 2026.
ITI Business Cycle Fund AUM
₹ crore, every plan of the fund together.
- Average assetsAverage assets under management. The money the fund managed, averaged over every day of the quarter, added up across its plans.
- ₹116 CrQuarter to Sep 2026
- In the direct plansShare of assets in the direct plans. The direct plans' average assets for the quarter as a percentage of the fund's total; the rest is in the regular plans, bought through distributors.
- 3.6%Of the quarter's average
Average assets by quarter, by plan
- Regular plans
- Direct plans
The latest quarter is the largest since the quarter to Mar 2026.
Assets at each month end
The latest month end is the highest since Mar 2026.Lowest ₹93 Cr, Mar 2026.
ITI Business Cycle Fund portfolio
Portfolio disclosed for 30 Sep 2026.
Holdings on 30 Sep 2026
| Large, mid and small cap. Companies ranked by average market value over six months: the first 100 are large cap, the next 150 mid cap, the rest small cap, by the list in force for the portfolio's month. | Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | Held since. The first month end of the fund's current run of holding this position; marked "or earlier" where that month is the fund's first portfolio on record or the first after a gap in its portfolios. | |||
|---|---|---|---|---|---|
| ESDS Software SolutionIT - Services | 6.03% | 7.04 | 46,614 | Aug 2026 | |
| HDFC BankBanks | Large cap2nd | 3.83% | 4.47 | 63,068 | Mar 2026or earlier |
| ICICI BankBanks | Large cap5th | 2.37% | 2.76 | 20,909 | Mar 2026or earlier |
| EternalRetailing | Large cap37th | 2.19% | 2.55 | 79,719 | Jul 2026 |
| Manipal Payment and Identity SolutionsFinancial Technology (Fintech) | 2.02% | 2.35 | 57,508 | Sep 2026 | |
| HDFC Life Insurance CompanyInsurance | Large cap65th | 2.01% | 2.34 | 44,971 | Sep 2026 |
| Reliance IndustriesPetroleum Products | Large cap1st | 1.93% | 2.25 | 18,934 | Mar 2026or earlier |
| Bajaj AutoAutomobiles | Large cap31st | 1.70% | 1.98 | 1,819 | Aug 2026 |
| Titan CompanyConsumer Durables | Large cap18th | 1.70% | 1.98 | 4,317 | Mar 2026or earlier |
| Laurus LabsPharmaceuticals & Biotechnology | Mid cap171st | 1.59% | 1.86 | 9,375 | Apr 2026 |
| Divi's LaboratoriesPharmaceuticals & Biotechnology | Large cap50th | 1.54% | 1.80 | 1,939 | Jul 2026 |
| Grasim IndustriesCement & Cement Products | Large cap44th | 1.41% | 1.64 | 5,359 | May 2026 |
| LG Electronics IndiaConsumer Durables | Mid cap108th | 1.40% | 1.64 | 9,497 | Aug 2026 |
| AU Small Finance BankBanks | Mid cap145th | 1.39% | 1.62 | 16,013 | May 2026 |
| Multi Commodity Exchange of IndiaCapital Markets | Mid cap157th | 1.34% | 1.56 | 4,740 | Sep 2026 |
Weight is per cent of the fund's net assets; value in ₹ crore.
Cash and receivables on 30 Sep 2026
| Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | ||
|---|---|---|
| TREPS 01-Oct-2026 | 5.27% | 6.15 |
| Net Receivables / (Payables) | 3.41% | 4.01 |
Weight is per cent of the fund's net assets; value in ₹ crore.
- Largest holdingLargest holding. The share of the fund in its single largest position, cash and futures not counted as positions.
- 6.03%ESDS Software Solution
- Top 5 holdingsTop 5 holdings. The share of the fund held in its five largest positions.
- 16.44%
- Top 10 holdingsTop 10 holdings. The share of the fund held in its ten largest positions.
- 25.37%
- Effective holdingsEffective number of holdings. The number of equal-sized positions that would be as concentrated as the fund's actual weights.
- 53.5Taken over 91.32% of the fund
Asset allocation
Asset allocation. What the fund owns, by kind of asset, each as a share of its net assets; futures and options are shown beside it, not in it, since they are contracts rather than assets bought.- Indian shares91.32%
- Cash and receivables8.68%
Per cent of the fund's net assets.
Large, mid and small cap
Large, mid and small cap. Companies ranked by average market value over six months: the first 100 are large cap, the next 150 mid cap, the rest small cap, by the list in force for the portfolio's month.- Large cap32.86%Category 49.50%
- Mid cap25.67%Category 21.62%
- Small cap30.64%Category 26.68%
Per cent of the fund's Indian shares. By the list for the six months to Jun 2026. Shares not on the list: 9.89% of the fund. Category is the average of 249 Sectoral / Thematic funds.
Sector allocation
Sector weight. The fund's shares grouped by the business each company is in, less the futures sold on them, each group as a share of the fund's net assets.15sectors
- Financial Services24.32%Category 21.68%
- Healthcare16.95%Category 12.70%
- Capital Goods10.33%Category 9.90%
- Information Technology6.98%Category 5.12%
- Automobile And Auto Components4.81%Category 9.16%
- Metals & Mining4.48%Category 2.47%
- Chemicals4.31%Category 1.97%
- Services3.90%Category 2.61%
- Fast Moving Consumer Goods3.33%Category 4.73%
- Consumer Services3.21%Category 5.61%
- Consumer Durables3.10%Category 3.48%
- Oil Gas & Consumable Fuels1.93%Category 3.38%
- Construction Materials1.41%Category 1.25%
- Construction1.25%Category 1.69%
- Power1.01%Category 2.77%
Per cent of the fund's net assets, less the futures sold on its shares, Sep 2026. Category is the average of 254 Sectoral / Thematic funds. Category average. The sector's weight, less the futures sold on it, averaged over the 254 Sectoral / Thematic funds that disclosed a portfolio for Sep 2026. A fund holding none of the sector counts as 0.
Sector allocation month by month
| 7 months | ||||||||
|---|---|---|---|---|---|---|---|---|
| Financial Services18 companies | 24.32% | 28.67% | 31.71% | 26.36% | 21.10% | 22.46% | 20.38% | |
| Healthcare14 companies | 16.95% | 16.28% | 17.63% | 15.47% | 14.94% | 14.61% | 12.69% | |
| Capital Goods9 companies | 10.33% | 8.26% | 9.09% | 13.73% | 12.93% | 13.36% | 2.92% | |
| Information Technology2 companies | 6.98% | 5.49% | 2.29% | 0.98% | 1.20% | 1.27% | 1.50% | |
| Automobile And Auto Components4 companies | 4.81% | 7.11% | 3.08% | 1.27% | 2.25% | 3.41% | 3.96% | |
| Metals & Mining5 companies | 4.48% | 4.94% | 3.38% | 5.84% | 10.56% | 9.81% | 5.35% | |
| Chemicals4 companies | 4.31% | 6.95% | 7.41% | 4.41% | 4.29% | 2.20% | 0.00% | |
| Services4 companies | 3.90% | 4.00% | 5.89% | 3.48% | 3.57% | 1.16% | 0.00% | |
| Fast Moving Consumer Goods3 companies | 3.33% | 3.66% | 3.96% | 4.79% | 5.79% | 5.82% | 0.97% | |
| Consumer Services2 companies | 3.21% | 2.52% | 2.38% | 4.21% | 2.05% | 2.31% | 0.00% | |
| Consumer Durables2 companies | 3.10% | 3.28% | 1.83% | 2.69% | 1.63% | 1.84% | 0.90% | |
| Oil Gas & Consumable Fuels1 company | 1.93% | 2.08% | 4.04% | 4.14% | 7.07% | 6.71% | 9.42% |
Per cent of the fund's net assets, less the futures sold on its shares, at each month end, Mar 2026 to Sep 2026.
Bought and sold
Sep 2026 against Aug 2026, position by position.
Positions changed, month by month
- New
- Added
- Trimmed
- Sold out
- New positionsNew positions. Holdings in this month's portfolio that were not in the month before.
- 1416.95% of the fund
- Sold outSold out. Holdings in last month's portfolio that are gone from this one, other than a bond or deposit repaid on its due date.
- 1821.43% of the fund before
- Added toAdded to. Holdings with more units than the month before. Where the fund states no units, a weight that rose by more than a tenth.
- 2
- TrimmedTrimmed. Holdings with fewer units than the month before. Where the fund states no units, a weight that fell by more than a tenth.
- 4
- UnchangedUnchanged. Holdings with the same number of units as the month before. Their weight can still move with the price.
- 51
- Traded at leastTraded at least. The smaller of the weight bought in new positions and the weight sold out of old ones, cash left out: the least the fund must have bought and sold in the month.
- 16.95%
- Weight that movedWeight that moved. Half the sum of every position's change in weight between the two month ends, new and sold positions included; price moves alone raise it.
- 29.67%
Changes in Sep 2026
| What changed. New: not held the month before. Added or trimmed: more or fewer units than the month before, or, where no units are stated, a weight that moved by more than a tenth. Sold out: held the month before, gone now. Matured: a bond or deposit whose repayment date fell between the two portfolios, so it was repaid rather than sold (one sold in its last days reads the same). | Change in weight. The holding's weight this month less its weight the month before, in percentage points; a price move alone changes it. | ||||
|---|---|---|---|---|---|
| Manipal Payment and Identity Solutions | New | 2.02% | 0.00% | +2.02 pts | +57,508 |
| HDFC Life Insurance Company | New | 2.01% | 0.00% | +2.01 pts | +44,971 |
| Shriram Finance | Sold out | – | 1.72% | −1.72 pts | −18,073 |
| Tech Mahindra | Sold out | – | 1.49% | −1.49 pts | −10,634 |
| Hero MotoCorp | Sold out | – | 1.48% | −1.48 pts | −3,156 |
| Nestle India | Sold out | – | 1.37% | −1.37 pts | −10,634 |
| Cholamandalam Investment and Finance Company | Sold out | – | 1.36% | −1.36 pts | −8,524 |
| Multi Commodity Exchange of India | New | 1.34% | 0.00% | +1.34 pts | +4,740 |
| ICICI Bank | Trimmed | 2.37% | 3.69% | −1.32 pts | −8,664 |
| Oberoi Realty | Sold out | – | 1.31% | −1.31 pts | −8,162 |
| Kirloskar Oil Engines | New | 1.29% | 0.00% | +1.29 pts | +6,509 |
| Piramal Pharma | New | 1.28% | 0.00% | +1.28 pts | +72,136 |
| Ramkrishna Forgings | New | 1.28% | 0.00% | +1.28 pts | +21,291 |
| Pidilite Industries | Sold out | – | 1.27% | −1.27 pts | −8,790 |
| INDO-MIM | New | 1.25% | 0.00% | +1.25 pts | +11,746 |
Weights are per cent of the fund's net assets; a change in weight is in percentage points.
Holdings month by month
| Holding | Oct 25 | Nov 25 | Dec 25 | Jan 26 | Feb 26 | Mar 26 | Apr 26 | May 26 | Jun 26 | Jul 26 | Aug 26 | Sep 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
 ESDS Software Solution | – | – | – | – | – | – | – | – | – | – | 1.72%Bought | 6.03% |
 HDFC Bank | – | – | – | – | – | 5.39% | 5.11% | 3.79%Cut | 3.85% | 3.56% | 2.85%Cut | 3.83%Added |
 ICICI Bank | – | – | – | – | – | 3.86% | 3.64% | 3.46% | 3.59% | 4.71%Added | 3.69%Cut | 2.37%Cut |
 Eternal | – | – | – | – | – | – | – | – | – | 1.31%Bought | 1.41% | 2.19%Added |
 Manipal Payment and Identity Solutions | – | – | – | – | – | – | – | – | – | – | – | 2.02%Bought |
 HDFC Life Insurance Company | – | – | – | – | – | – | – | – | – | – | – | 2.01%Bought |
 Reliance Industries | – | – | – | – | – | 4.14% | 3.32%Cut | 2.93% | 2.73% | 2.72% | 2.08%Cut | 1.93% |
 Bajaj Auto | – | – | – | – | – | 0.25% | Sold out | – | – | – | 1.90%Bought again | 1.70% |
 Titan Company | – | – | – | – | – | 0.90% | 1.84%Added | 1.63% | 1.67% | 1.83% | 1.89% | 1.70% |
 Laurus Labs | – | – | – | – | – | – | 1.45%Bought | 1.34%Cut | 1.42% | 1.67% | 1.54%Cut | 1.59% |
 Divi's Laboratories | – | – | – | – | – | – | – | – | – | 1.36%Bought | 1.58% | 1.54% |
 Grasim Industries | – | – | – | – | – | – | – | 1.55%Bought | 1.46% | 1.44% | 1.55% | 1.41% |
 LG Electronics India | – | – | – | – | – | – | – | – | – | – | 1.39%Bought | 1.40% |
 AU Small Finance Bank | – | – | – | – | – | – | – | 1.20%Bought | 1.20% | 1.46%Added | 1.49% | 1.39% |
 Multi Commodity Exchange of India | – | – | – | – | – | 1.26% | 1.41% | 1.24%Cut | 1.13% | 1.06% | Sold out | 1.34%Bought again |
Per cent of the fund's net assets at each month end, Oct 2025 to Sep 2026. Under it, the change on the fund's previous month. "After a gap" is a holding after a month with no portfolio on record, so when it was bought is not known; "Not filed" is one gone across such a gap.
Risk ratios
NAV to 23 Oct 2026
Largest falls
| Largest over | FallLargest fall. The biggest drop in NAV from a high to the low that followed, before the NAV went back above that high. | High on | Low on | Back at the highBack at the high. The first day the NAV closed at or above the high it had fallen from. |
|---|---|---|---|---|
| Since Mar 2026 | −12.47% | 23 Sep 2026 | 23 Oct 2026 | Not yet |
Risk level by month
| Months | FundRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month. | BenchmarkBenchmark's risk level. The riskometer level of the fund's benchmark index for the same month, on the same six-step scale as the fund's own. |
|---|---|---|
| Feb 2026 to Aug 20267 months | Very High | Very HighNifty 500 TRI |
The riskometer at each month end, the fund's and its benchmark's. A month with none on record is left out.
ITI Business Cycle Fund managers
Managers now
| Manager | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. | Portfolio changed after the handover. How much of the portfolio was different three months after the manager took over: half the sum of every holding's change in weight, with each side's holdings scaled to add up to 100 so a move into cash does not count. | Portfolio changed before the handover. The same measure over the three months before the manager took over, since portfolios change anyway. | Assets the manager runs. The latest monthly size of every fund the manager runs now, added up; a fund run with others counts in full for each of its managers, and the line under it counts only the funds they run alone. | ||
|---|---|---|---|---|---|---|---|---|
| Nilay DalalCo- Fund Manager | Mar 2026 | +2.13%over 218 days | +2.39% | −0.26 pts | – | – | 9 | ₹4,186 Cr |
| Alok RanjanCo- Fund Manager | Mar 2026 | +2.13%over 218 days | +2.39% | −0.26 pts | – | – | 8 | ₹8,831 Cr |
| Rajesh BhatiaFund Manager for Overseas investment | – | – | – | – | – | 1 | ₹117 Cr |
Returns are the regular plan's growth NAV, from the day each took over to the latest NAV, beside the benchmark over the same days.
Other funds they run
| Fund | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. | ||
|---|---|---|---|---|---|
| ITI Flexi Cap FundNilay Dalal | May 2026 | +6.17%over 161 days | −3.05% | +9.22 pts | ₹1,588 Cr |
| ITI Large & Midcap FundNilay Dalal | May 2026 | +0.65%over 161 days | −3.80% | +4.45 pts | ₹691 Cr |
| ITI Banking and Financial Services FundNilay Dalal | May 2023 | +10.60%a year | +9.92% | +0.68 pts | ₹362 Cr |
| ITI Large Cap FundNilay Dalal | May 2026 | −1.09%over 161 days | −3.39% | +2.30 pts | ₹352 Cr |
| ITI Value FundNilay Dalal | May 2026 | −5.44%over 161 days | −3.05% | −2.40 pts | ₹346 Cr |
| ITI Balanced Advantage FundNilay Dalal | May 2026 | −1.53%over 161 days | – | – | ₹320 Cr |
| ITI Pharma and Healthcare FundNilay Dalal | May 2026 | +2.46%over 161 days | +2.03% | +0.43 pts | ₹266 Cr |
| ITI Multi Asset Allocation FundNilay Dalal | Sep 2026 | −2.29%over 36 days | – | – | ₹144 Cr |
| ITI Small Cap FundAlok Ranjan | May 2026 | +8.09%over 161 days | +1.54% | +6.55 pts | ₹3,666 Cr |
| ITI Multi Cap FundAlok Ranjan | May 2026 | +2.79%over 161 days | −2.35% | +5.14 pts | ₹1,500 Cr |
Up to ten funds a manager, largest first. Returns are the regular plan's.
Portfolio overlap
Funds holding the most of the same securities, by weight.
Closest funds in the category
| Portfolio overlap. The share of the two funds' portfolios that is the same: for every holding they share, the smaller of its two weights, added up. | Shared holdings. The number of securities both funds hold, cash and futures left out. | |
|---|---|---|
| Edelweiss Business Cycle FundEdelweiss Mutual Fund | 32.09% | 28 |
| Franklin India Multi-Factor FundFranklin Templeton Mutual Fund | 29.47% | 27 |
| Sundaram Multi-Factor FundSundaram Mutual Fund | 26.22% | 19 |
| JioBlackRock Sector Rotation FundJio BlackRock Mutual Fund | 24.94% | 56 |
| Kotak Quant FundKotak Mahindra Mutual Fund | 24.58% | 27 |
| ITI Banking and Financial Services FundITI Mutual Fund | 23.45% | 18 |
| Baroda BNP Paribas Business Cycle FundBaroda BNP Paribas Mutual Fund | 23.24% | 16 |
| Baroda BNP Paribas ESG Best-in-Class Strategy FundBaroda BNP Paribas Mutual Fund | 23.10% | 16 |
| Aditya Birla Sun Life Quant FundAditya Birla Sun Life Mutual Fund | 23.08% | 21 |
| UTI Quant FundUTI Mutual Fund | 22.86% | 26 |
Portfolios for Sep 2026. Overlap is per cent of the portfolio the two funds hold in common.
Overlap with the fund house's other funds
| Portfolio overlap. The share of the two funds' portfolios that is the same: for every holding they share, the smaller of its two weights, added up. | |
|---|---|
| ITI Value FundITI Mutual Fund | 43.45% |
| ITI Large & Midcap FundITI Mutual Fund | 31.04% |
| ITI Large Cap FundITI Mutual Fund | 27.29% |
| ITI Multi Cap FundITI Mutual Fund | 23.76% |
| ITI Banking and Financial Services FundITI Mutual Fund | 23.46% |
| ITI Flexi Cap FundITI Mutual Fund | 22.51% |
| ITI Mid Cap FundITI Mutual Fund | 22.25% |
| ITI Small Cap FundITI Mutual Fund | 18.70% |
| ITI ELSS Tax Saver FundITI Mutual Fund | 18.13% |
| ITI Bharat Consumption FundITI Mutual Fund | 16.07% |
As the fund house states it, for Sep 2026.
Changes to the fund
Newest first.
2026
- 1 AprExpenseExpense ratio stated under the new rules: a base ratio, with brokerage, levies and GST on top
Fund details
Objective
The Investment objective of the Scheme is 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. However, there can be no assurance that the investment objective of the scheme would be achieved.
Asset allocation
- Equity, Units issued by REITs and Equity Related Instruments of companies engaged in business cycle activities or allied sectors 80%-100%, Other equity and equity related securities other than above 0%-20%, Debt and Money Market Instruments 0%-20%, Units issued by InvITs 0%-10%.
Type of scheme
An open ended equity scheme investing in sector based on its business cycle
- Stated category
- Thematic Fund
- BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back.
- Nifty 500 Total Return Index
- Risk level at launchRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month.
- Very High risk
- New fund offer
- 13 Feb 2026 to 27 Feb 2026
- Units first allotted
- 9 Mar 2026
- Open for sale again
- 12 Mar 2026
- Price at the offer
- ₹10 a unit
- Minimum at the offer
- ₹5,000
Plans and codes
| Plan | AMFI code | ISIN | ISIN, reinvestment | MUTF_IN | First NAV |
|---|---|---|---|---|---|
| Direct Growth | 154157 | INF00XX01DM9 | ITI_BUSI_CYCL_1EN7MQK | 12 Mar 2026 | |
| Regular Growth | 154159 | INF00XX01DJ5 | ITI_BUSI_CYCL_M5PKAI | 12 Mar 2026 | |
| Direct IDCW | 154158 | INF00XX01DN7 | INF00XX01DO5 | ITI_BUSI_CYCL_W1NS1K | 12 Mar 2026 |
| Regular IDCW | 154160 | INF00XX01DK3 | INF00XX01DL1 | ITI_BUSI_CYCL_1B6Q5DG | 12 Mar 2026 |
This fund
- Scheme information document (opens in a new tab)The fund's objective, terms, costs and risks in full
Factsheet
- Factsheet - September 2026 (opens in a new tab)ITI Mutual Fund, Sep 2026
Statement of additional information
- SAI ITI Mutual Fund (opens in a new tab)ITI Mutual Fund, Oct 2026
Annual report
- Abridged Annual Report - ITI Mutual Fund 2025-26 (opens in a new tab)ITI Mutual Fund, Mar 2026
- Consolidated Annual Report - ITI Mutual Fund 2025-26 (opens in a new tab)ITI Mutual Fund, Mar 2026
Riskometer disclosure
- Disclosure Of Risk-O-Meter Levels FY 2025-26 (opens in a new tab)ITI Mutual Fund, Mar 2026
Portfolio overlap disclosure
- Debt Portfolio Overlap - September 2026 (opens in a new tab)ITI Mutual Fund, Sep 2026
- Equity Portfolio Overlap - September 2026 (opens in a new tab)ITI Mutual Fund, Sep 2026
- Hybrid Portfolio Overlap - September 2026 (opens in a new tab)ITI Mutual Fund, Sep 2026