GMP IPO Watch
ITI Business Cycle Fund
Direct Plan · Growth Option · ITI Mutual Fund
Returns
Annualised (CAGR) returns for periods over a year.
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Rank in Category
| Period | This Fund | Category Avg. | Rank |
|---|---|---|---|
| 1W | +3.68% | +3.52% | 149 of 255 |
| 1M | -1.28% | +1.97% | 235 of 255 |
| 3M | -2.66% | -3.45% | 90 of 252 |
| 6M | -0.53% | +2.92% | 169 of 251 |
| YTD | +3.28% | +1.21% | 89 of 255 |
| INCEPTION | +5.10% | — | — |
Ranked among: Equity Scheme - Sectoral/ Thematic.
Rolling Returns
| Period | Average | Best | Worst | Positive Periods | Consistency |
|---|---|---|---|---|---|
| 3M | +2.38% | +8.95% | -5.76% | 78% | 31% |
| 6M | +4.02% | +13.92% | -5.34% | 66% | 27% |
Rolling returns show the average, best and worst outcome an investor would have seen entering at any point in the window.
NAV History
AUM Trend (₹ Cr, quarterly average)
Expense Ratio Trend
Portfolio · Sep 2026
Asset Allocation
- Equity91.32%
- Debt0.00%
- Cash8.68%
- Other0.00%
Market Cap Split
- Large Cap30.01%
- Mid Cap25.28%
- Small Cap36.03%
- Others8.68%
Fundamentals
| Fund | Category | |
|---|---|---|
| P/E | 29.07 | 28.07 |
| P/B | 3.98 | 4.61 |
| Price / Sales | 3.04 | 3.28 |
| Price / Cash Flow | 22.08 | 21.10 |
| Dividend Yield (%) | 0.68 | 1.18 |
Holdings · Sep 2026
| Holding | Sector | Weight | Change (1M) |
|---|---|---|---|
| ESDS Software Solution | IT - Services | 6.03% | — |
| TREPS 01-Oct-2026 | Reverse Repo / TREPS | 5.27% | — |
| HDFC Bank | Banks | 3.83% | +0.27% |
| Net Receivables / (Payables) | Net Current Assets | 3.41% | — |
| ICICI Bank | Banks | 2.37% | -2.34% |
| Eternal | Retailing | 2.19% | +0.88% |
| Manipal Payment and Identity Solutions | Financial Technology (Fintech) | 2.02% | — |
| HDFC Life Insurance | Insurance | 2.01% | — |
| Reliance Industries | Petroleum Products | 1.93% | -0.79% |
| Titan | Consumer Durables | 1.70% | -0.13% |
| Bajaj Auto | Automobiles | 1.70% | — |
| Laurus Labs | Pharmaceuticals & Biotechnology | 1.59% | -0.08% |
| Divis Laboratories | Pharmaceuticals & Biotechnology | 1.54% | +0.18% |
| Grasim Industries | Cement & Cement Products | 1.41% | -0.03% |
| LG Electronics | Consumer Durables | 1.40% | — |
View all 73 holdings
| AU Small Finance Bank | Banks | 1.39% | -0.07% |
| MCX | Capital Markets | 1.34% | +0.28% |
| Ajanta Pharma | Pharmaceuticals & Biotechnology | 1.32% | +0.04% |
| Bajaj Finance | Finance | 1.31% | -1.51% |
| Apollo Hospitals | Equity | 1.30% | -0.14% |
| Kirloskar Oil Engines | Industrial Products | 1.29% | — |
| Ramkrishna Forgings | Auto Components | 1.28% | — |
| Piramal Pharma | Pharmaceuticals & Biotechnology | 1.28% | — |
| TVS Motors | Automobiles | 1.26% | -0.08% |
| Kalpataru Projects International | Construction | 1.25% | — |
| Indo-MIM | Industrial Manufacturing | 1.25% | — |
| Aurobindo Pharma | Pharmaceuticals & Biotechnology | 1.25% | +0.06% |
| Hindalco Industries | Non - Ferrous Metals | 1.24% | +0.05% |
| Redington | Commercial Services & Supplies | 1.23% | -0.20% |
| Poonawalla Fincorp | Finance | 1.22% | — |
| BEML | Agricultural, Commercial & Construction Vehicles | 1.22% | — |
| IDFC First Bank | Banks | 1.21% | -0.09% |
| Syrma SGS | Industrial Manufacturing | 1.20% | +0.27% |
| Finolex Cables | Industrial Products | 1.19% | +0.37% |
| Navin Fluorine International | Chemicals & Petrochemicals | 1.19% | +0.09% |
| Glenmark Pharmaceuticals | Pharmaceuticals & Biotechnology | 1.19% | — |
| Solar Industries | Chemicals & Petrochemicals | 1.18% | +0.06% |
| RBL Bank | Banks | 1.17% | -0.32% |
| Bharat Heavy Electricals | Electrical Equipment | 1.17% | +0.01% |
| Torrent Pharmaceuticals | Pharmaceuticals & Biotechnology | 1.17% | -0.09% |
| Neuland Laboratories | Pharmaceuticals & Biotechnology | 1.16% | +0.12% |
| LT Foods | Agricultural Food & other Products | 1.13% | — |
| Dr. Lal Path Labs | Equity | 1.13% | -0.11% |
| IPCA Laboratories | Pharmaceuticals & Biotechnology | 1.12% | -0.35% |
| Hindustan Copper | Non - Ferrous Metals | 1.11% | — |
| Radico Khaitan | Beverages | 1.10% | -0.24% |
| Marico | Agricultural Food & other Products | 1.10% | -0.13% |
| Elgi Equipments | Industrial Products | 1.04% | +0.05% |
| Gujarat Fluorochemicals | Chemicals & Petrochemicals | 1.03% | -0.33% |
| Great Eastern Shipping Company | Transport Services | 1.02% | +0.13% |
| Nykaa | Retailing | 1.02% | -0.05% |
| Data Patterns | Aerospace & Defense | 1.01% | -0.01% |
| Adani Power | Power | 1.01% | -0.04% |
| Yes Bank | Banks | 1.00% | -0.10% |
| Biocon | Pharmaceuticals & Biotechnology | 1.00% | -0.16% |
| City Union Bank | Banks | 0.99% | +0.08% |
| Global Health | Equity | 0.98% | — |
| Usha Martin | Industrial Products | 0.96% | +0.00% |
| IIFL Finance | Finance | 0.95% | -0.17% |
| Infosys | IT - Software | 0.95% | -0.14% |
| Steel Authority of India | Ferrous Metals | 0.92% | +0.05% |
| Aster DM Quality Care | Equity | 0.92% | -0.18% |
| Aarti Industries | Chemicals & Petrochemicals | 0.91% | — |
| DCB Bank | Banks | 0.90% | +0.06% |
| Inox Green Energy Services | Commercial Services & Supplies | 0.83% | — |
| Central Mine P & D Institute | Commercial Services & Supplies | 0.82% | -0.13% |
| Turtlemint Fintech Solutions | Financial Technology (Fintech) | 0.78% | -0.93% |
| NMDC | Minerals & Mining | 0.75% | -0.10% |
| State Bank of India | Banks | 0.74% | -1.12% |
| SBI Funds Management | Capital Markets | 0.59% | -0.77% |
| Ather Energy | Automobiles | 0.57% | — |
| Bandhan Bank | Banks | 0.50% | — |
| NALCO | Non - Ferrous Metals | 0.46% | -0.01% |
Sector Allocation · Sep 2026
View all 30 sectors
Risk Metrics
Sharpe Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 3Y | 0.10 | -0.45 | Above Average |
What is this?
Annualized Sharpe ratio calculated from month-end NAV returns using the latest available FBIL Overnight MIBOR rate as the risk-free rate. For schemes with less than three years of history, the 3Y value uses since-inception data. Applied risk-free rate: 5.73% (published 2026-10-28).
Compare With Peers
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
|
Nippon India Taiwan Equity Fund
Regular Plan · IDCW option
|
+59.64% | +47.37% | — | +23.17% |
|
HDFC Pharma and Healthcare Fund
Direct Plan · IDCW Option
|
+25.51% | +31.04% | — | +30.18% |
|
Kotak Healthcare Fund
Regular Plan · IDCW Option
|
+23.57% | — | — | +20.10% |
|
SBI Automotive Opportunities Fund
Direct Plan · IDCW
|
+22.37% | — | — | +11.34% |
|
Mirae Asset Healthcare Fund
Direct Plan · Growth
|
+21.28% | +24.36% | +16.89% | +22.00% |
|
ICICI Prudential US Bluechip Equity Fund
Regular Plan · IDCW
|
+20.32% | +18.33% | +12.09% | +15.77% |
|
PGIM India Healthcare Fund
Direct Plan · Direct IDCW
|
+20.03% | — | — | +11.89% |
|
Nippon India Japan Equity Fund
Regular Plan · Bonus Option
|
+18.89% | +19.86% | +8.28% | +8.45% |
|
HDFC Defence Fund
Regular Plan · IDCW Option
|
+18.80% | +34.56% | — | +36.67% |
|
HSBC India Export Opportunities Fund
Direct Plan · Growth
|
+18.74% | — | — | +9.24% |
More From ITI Asset Management Limited
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
|
ITI Small Cap Fund
Direct Plan · Growth Option
|
+14.31% | +22.22% | +17.12% | +21.54% |
|
ITI Pharma and Healthcare Fund
Direct Plan · Growth Option
|
+11.53% | +20.68% | — | +14.77% |
|
ITI Flexi Cap Fund
Direct Plan · Growth Option
|
+11.05% | +19.17% | — | +22.65% |
|
ITI Multi Cap Fund
Direct Plan · Growth Option
|
+9.77% | +16.97% | +13.88% | +15.71% |
|
ITI Arbitrage Fund
Direct Plan · Growth Option
|
+6.39% | +7.26% | +6.28% | +5.53% |
|
ITI Ultra Short Term Fund
Direct Plan · Annually IDCW Option
|
+6.29% | +7.00% | +6.46% | +6.19% |
|
ITI Liquid Fund
Regular Plan · Annually IDCW Option
|
+6.17% | +6.60% | +6.14% | +5.34% |
|
ITI Overnight Fund
Direct Plan · Growth Option
|
+5.01% | +5.78% | +5.58% | +4.94% |
|
ITI Banking & PSU Debt Fund
Direct Plan · Growth Option
|
+4.28% | +6.84% | +6.31% | +6.05% |
|
ITI Mid Cap Fund
Direct Plan · Growth Option
|
+2.20% | +18.24% | +14.56% | +17.03% |
About This Scheme
Investment 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.
Stated 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%.
Exit Load
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.
Fund Managers
Mr. Nilay Dalal, Mr. Alok Ranjan and Mr. Rajesh Bhatia
Mr. Nilay Dalal- Co- Fund Manager, Mr. Alok Ranjan- Co- Fund Manager, Mr. Rajesh Bhatia- Fund Manager for Overseas investment
Mutual fund investments are subject to market risks. Read all scheme related documents carefully. Past performance is not indicative of future returns. Data is sourced from AMFI and fund houses via FinAPI and may lag official figures.