holdings

ITI Business Cycle Fund Direct-Growth

Equity: Thematic-Business Cycle - Growth (Open ended)

ITI Business Cycle Fund Direct-GrowthNAV: 10.46 as on 16 Jul, 2026

Risk levelCategoryBenchmark

Factsheet

SEBI Riskometer: Very HighCategory: Equity: Thematic-Business CycleBenchmark: NIFTY 500 Total Return Index

NAV: ₹10.46-0.17%

16 Jul 2026

Holdings Analysis

Equity, debt and cash allocation snapshot with market cap distribution for ITI Business Cycle Fund Direct-Growth.

Asset Allocation

As on 30 Jun 2026

Equity

95.98%

Others

4.02%

Market Cap Distribution

Large Cap (42.2%)

Mid Cap (23.8%)

Small Cap (34.0%)

Historical Asset Allocation

Asset	30 Jun 2026	31 May 2026	30 Apr 2026	31 Mar 2026
Equity	95.98%	95.86%	95.97%	62.62%
Debt	0.00%	0.00%	0.00%	0.00%
Others (incl. cash)	4.02%	4.14%	4.03%	37.38%
Commodities	0.00%	0.00%	0.00%	0.00%
Real Estate	0.00%	0.00%	0.00%	0.00%

Portfolio Snapshot

No. of Securities

P/E Ratio

28.17

P/B Ratio

3.58

Top Holding %

4.02%

Top 5 Holdings %

17.08%

Top 10 Holdings %

25.19%

AUM

₹114 Cr

Expense Ratio

1.78%

Since Inception

4.64%

Max Drawdown

-0.04%

Top Portfolio Holdings by Weight

Latest portfolio holdings sorted by allocation weight. Includes instrument name, sector, number of shares, market value (₹ Cr) and percentage of net assets. Switch dates or categories using the controls below.

Instrument	Sector	No. of Shares	Value (Rs. Cr)	Weight	Change
HDFC Bank Ltd.	Financial	54,845	4.38	3.85%	0.06%↑
ICICI Bank Ltd.	Financial	29,693	4.08	3.59%	0.13%↑
State Bank of India	Financial	31,983	3.28	2.89%	0.03%↑
Reliance Industries Ltd.	Energy	23,934	3.1	2.73%	-0.20%↓
Turtlemint Fintech Solutions Ltd.	Financial	1,64,542	2.25	1.98%	-
Titan Company Ltd.	Consumer Discretionary	4,317	1.9	1.67%	0.04%↑
RBL Bank Ltd.	Financial	45,765	1.69	1.49%	0.03%↑
Adani Ports and Special Economic Zone Ltd.	Services	9,350	1.69	1.49%	-0.07%↓
Tata Steel Ltd.	Metals & Mining	89,384	1.68	1.48%	-0.24%↓
Grasim Industries Ltd.	Materials	5,359	1.66	1.46%	-0.09%↓
Ipca Laboratories Ltd.	Healthcare	9,705	1.65	1.45%	0.08%↑
Apollo Hospitals Enterprise Ltd.	Healthcare	1,856	1.61	1.42%	0.01%↑
Laurus Labs Ltd.	Healthcare	10,608	1.61	1.42%	0.08%↑
Coal India Ltd.	Materials	36,593	1.61	1.41%	-0.14%↓
BSE Ltd.	Services	4,144	1.6	1.41%	-0.18%↓
Gokaldas Exports Ltd.	Textiles	17,935	1.57	1.38%	-
Nestle India Ltd.	Consumer Staples	10,634	1.49	1.32%	-0.08%↓
Cummins India Ltd.	Capital Goods	2,628	1.49	1.31%	-0.12%↓
Ajanta Pharma Ltd.	Healthcare	4,251	1.46	1.28%	0.03%↑
Syrma SGS Technology Ltd.	Capital Goods	10,299	1.44	1.27%	0.23%↑

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Sector-wise Portfolio Allocation

Equity exposure by sector as a percentage of total net assets, tracked across recent portfolio dates. Identifies concentration risk and sector rotation trends in the fund's holdings.

Sector	30 Jun 2026	31 May 2026	30 Apr 2026	31 Mar 2026
Financial	23.82%	18.26%	19.57%	18.86%
Healthcare	15.47%	14.94%	14.61%	12.69%
Capital Goods	13.85%	11.88%	12.27%	2.92%
Services	8.24%	6.45%	5.18%	1.52%
Metals & Mining	6.82%	11.62%	10.81%	5.35%
Energy	5.94%	11.94%	14.80%	9.78%
Materials	5.84%	4.11%	2.60%	2.09%
Consumer Staples	4.79%	5.80%	5.82%	0.97%
Chemicals	3.46%	4.29%	2.20%	-
Construction	1.78%	0.80%	1.88%	1.30%
Consumer Discretionary	1.67%	1.63%	1.84%	0.90%
Textiles	1.38%	-	-	-
Automobile	1.27%	2.26%	2.37%	3.96%
Technology	0.98%	1.20%	1.27%	1.50%
Communication	0.67%	0.69%	0.75%	0.78%

Equity Insights

A detailed look at the equity holdings of this scheme — aggregated scores on value, momentum, quality parameters along with diversification and performance analysis.

Style Analysis

Value score

Score not available.

Price Momentum score

Score not available.

Quality score

Score not available.

QVM score

Score not available.

Red Flags

High leverage

Following companies have debt to equity of greater than 2:

Name	Value
Grasim Industries Ltd.	2.2
Tata Power Company Ltd.	2.02
JSW Energy Ltd.	2.5

Frequently Asked Questions

What are the top holdings of ITI Business Cycle Fund Direct-Growth?

The top holdings of ITI Business Cycle Fund Direct-Growth as of 30 Jun 2026 are Others (4.02%), HDFC Bank Ltd. (3.85%), ICICI Bank Ltd. (3.59%), State Bank of India (2.89%), Reliance Industries Ltd. (2.73%). These top 5 stocks together account for 17.08% of the total portfolio. You can view the complete holdings breakdown above.

How many stocks does ITI Business Cycle Fund Direct-Growth hold in its portfolio?

ITI Business Cycle Fund Direct-Growth holds 79 stocks in its portfolio as of 30 Jun 2026. The fund's portfolio size reflects the fund manager's investment approach, a more concentrated portfolio indicates higher conviction bets, while a larger number of holdings suggests a more diversified strategy.

What is the sector allocation of ITI Business Cycle Fund Direct-Growth?

As of 30 Jun 2026, ITI Business Cycle Fund Direct-Growth's top sector allocations are Financial (23.82%), Healthcare (15.47%), Capital Goods (13.85%). You can find detailed sector allocation above.

What is the equity and debt allocation of ITI Business Cycle Fund Direct-Growth?

As of 30 Jun 2026, ITI Business Cycle Fund Direct-Growth has 95.98% allocated to equity, and 0.00% to debt. You can also check the historical trends above.

What is the market cap allocation of ITI Business Cycle Fund Direct-Growth?

As of 30 Jun 2026, ITI Business Cycle Fund Direct-Growth's market cap allocation is 42.15% in large caps, 23.84% in mid caps, and 34.01% in small caps.

What is the PE ratio of ITI Business Cycle Fund Direct-Growth's portfolio?

The portfolio PE ratio of ITI Business Cycle Fund Direct-Growth is 28.17 as of 30 Jun 2026. The portfolio PE ratio tells you how expensive or cheap the fund's holdings are relative to their earnings.

What is the credit quality of ITI Business Cycle Fund Direct-Growth?

A credit rating breakdown is not available for ITI Business Cycle Fund Direct-Growth — its non-equity allocation was 0.00% as of the latest disclosure. This is common when a fund's non-equity holdings are mostly cash or short-term money market instruments, which aren't assigned a credit rating the way bonds are.

When is the latest portfolio disclosure for ITI Business Cycle Fund Direct-Growth?

The latest portfolio disclosure for ITI Business Cycle Fund Direct-Growth is as of 30 Jun 2026. SEBI requires all mutual funds to disclose their complete portfolio holdings on a monthly basis, typically within 10 days of the end of each month.

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Asset

30 Jun 2026

31 May 2026

30 Apr 2026

31 Mar 2026

Equity

95.98%

95.86%

95.97%

62.62%

Debt

0.00%

Others (incl. cash)

4.02%

4.14%

4.03%

37.38%

Commodities

0.00%

Real Estate

0.00%

Instrument

Sector

No. of Shares

Value (Rs. Cr)

Weight

Change

HDFC Bank Ltd.

Financial

54,845

4.38

3.85%

0.06%↑

ICICI Bank Ltd.

Financial

29,693

4.08

3.59%

0.13%↑

State Bank of India

Financial

31,983

3.28

2.89%

0.03%↑

Reliance Industries Ltd.

Energy

23,934

3.1

2.73%

-0.20%↓

Turtlemint Fintech Solutions Ltd.

Financial

1,64,542

2.25

1.98%

Titan Company Ltd.

Consumer Discretionary

4,317

1.9

1.67%

0.04%↑

RBL Bank Ltd.

Financial

45,765

1.69

1.49%

0.03%↑

Adani Ports and Special Economic Zone Ltd.

Services

9,350

1.69

1.49%

-0.07%↓

Tata Steel Ltd.

Metals & Mining

89,384

1.68

1.48%

-0.24%↓

Grasim Industries Ltd.

Materials

5,359

1.66

1.46%

-0.09%↓

Ipca Laboratories Ltd.

Healthcare

9,705

1.65

1.45%

0.08%↑

Apollo Hospitals Enterprise Ltd.

Healthcare

1,856

1.61

1.42%

0.01%↑

Laurus Labs Ltd.

Healthcare

10,608

1.61

1.42%

0.08%↑

Coal India Ltd.

Materials

36,593

1.61

1.41%

-0.14%↓

BSE Ltd.

Services

4,144

1.6

1.41%

-0.18%↓

Gokaldas Exports Ltd.

Textiles

17,935

1.57

1.38%

Nestle India Ltd.

Consumer Staples

10,634

1.49

1.32%

-0.08%↓

Cummins India Ltd.

Capital Goods

2,628

1.49

1.31%

-0.12%↓

Ajanta Pharma Ltd.

Healthcare

4,251

1.46

1.28%

0.03%↑

Syrma SGS Technology Ltd.

Capital Goods

10,299

1.44

1.27%

0.23%↑

Sector

30 Jun 2026

31 May 2026

30 Apr 2026

31 Mar 2026

Financial

23.82%

18.26%

19.57%

18.86%

Healthcare

15.47%

14.94%

14.61%

12.69%

Capital Goods

13.85%

11.88%

12.27%

2.92%

Services

8.24%

6.45%

5.18%

1.52%

Metals & Mining

6.82%

11.62%

10.81%

5.35%

Energy

5.94%

11.94%

14.80%

9.78%

Materials

5.84%

4.11%

2.60%

2.09%

Consumer Staples

4.79%

5.80%

5.82%

0.97%

Chemicals

3.46%

4.29%

2.20%

Construction

1.78%

0.80%

1.88%

1.30%

Consumer Discretionary

1.67%

1.63%

1.84%

0.90%

Textiles

1.38%

Automobile

1.27%

2.26%

2.37%

3.96%

Technology

0.98%

1.20%

1.27%

1.50%

Communication

0.67%

0.69%

0.75%

0.78%

Name

Value

Grasim Industries Ltd.

2.2

Tata Power Company Ltd.

2.02

JSW Energy Ltd.

2.5