Scheme

ITI Business Cycle Fund

Holds 71 companies worth ₹106 Cr in Sept 2026.

Fund house
ITIThe fund house that runs this scheme.
AUM
₹117 CrITI Business Cycle Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Up 0.2% on Aug 2026, ₹116 Cr.
Largest holding
ESDS Software Solution LtdESDS Software Solution Ltd is 6.0% of this scheme's NAV.
Fund manager
Alok RanjanRuns its co-manager part since 9 Mar 2026, as the fund house dates it. With Nilay Dalal (co-manager), Rajesh Bhatia (overseas).

Holdings^{(Mar 2026 – Sept 2026)}

Holdings in Sept 2026. Tick up to 2 to plot them.
Plot	71 companies ·	₹ Cr
	ESDS Software Solution Ltd	7
	HDFC Bank	4.5
	ICICI Bank	2.8
	Eternal Limited	2.6
	Manipal Payment and Identity Solutions Ltd	2.4
	HDFC Life Insurance Co Ltd	2.3
	Reliance Industries	2.3
	Titan Co Ltd	2
	Bajaj Auto	2
	Laurus Labs Limited	1.9
	Divi s Laboratories Limited	1.8
	Grasim Industries	1.6
	LG Electronics Inc	1.6
	AU Small Finance Bank Limited	1.6
	Multi Commodity Exchange of India Limited	1.6
	Ajanta Pharmaceuticals Limited	1.5
	Bajaj Finance Limited	1.5
	Apollo Hospitals Enterprise Limited	1.5
	Kirloskar Oil Engines Limited	1.5
	Ramkrishna Forgings Limited	1.5
	Piramal Pharma Limited	1.5
	TVS Motor Co Ltd	1.5
	Kalpataru Projects International Limited	1.5
	Indo MIM Limited	1.5
	Aurobindo Pharma	1.5
	Hindalco Industries	1.4
	Redington India	1.4
	Magma Fincorp Limited	1.4
	BEML Limited	1.4
	IDFC Bank Limited	1.4
	Syrma SGS Technology Limited	1.4
	Finolex Cables Limited	1.4
	Navin Flourine International Ltd	1.4
	Glenmark Pharmaceuticals	1.4
	Solar Industries India	1.4
	Ratnakar Bank Limited	1.4
	Bharat Heavy Electricals	1.4
	Torrent Pharmaceuticals Limited	1.4
	Neuland Laboratories Limited	1.4
	Lt Foods Limited	1.3
	Dr Lal Path Labs Limited	1.3
	IPCA Laboratories Limited	1.3
	Hindustan Copper Limited	1.3
	Radico Khaitan Limited	1.3
	Marico	1.3
	Elgi Equipments Limited	1.2
	Gujarat Fluorochemicals Limited	1.2
	Great Eastern Shipping Co Ltd	1.2
	FSN E Commerce Ventures Limited	1.2
	Data Patterns India Limited	1.2

ESDS Software Solution Ltd
HDFC Bank

Market value of each ticked company in ITI Business Cycle Fund, ₹ crore. Month end. Source: AMC monthly portfolio disclosures.
Month	ESDS Software Solution Ltd	HDFC Bank
Sept 2025	₹0 Cr	₹0 Cr
Oct 2025	₹0 Cr	₹0 Cr
Nov 2025	₹0 Cr	₹0 Cr
Dec 2025	₹0 Cr	₹0 Cr
Jan 2026	₹0 Cr	₹0 Cr
Feb 2026	₹0 Cr	₹0 Cr
Mar 2026	₹0 Cr	₹5 Cr
Apr 2026	₹0 Cr	₹5.3 Cr
May 2026	₹0 Cr	₹4.1 Cr
Jun 2026	₹0 Cr	₹4.4 Cr
Jul 2026	₹0 Cr	₹4.1 Cr
Aug 2026	₹2 Cr	₹3.3 Cr
Sept 2026	₹7 Cr	₹4.5 Cr

Fig. 1.Market value of each ticked company in ITI Business Cycle Fund, ₹ crore. Month end. Source: AMC monthly portfolio disclosures.

Allocation^{(Sept 2026)}

Market cap

		% of NAV
Large Cap	19	30.01

Mid Cap	21	23.44

Small Cap	27	27.98

Unlisted	4	9.89

Cash & others		8.68

Sectors

Companies

Fig. 2.This scheme's holdings, by market cap, by sector and by company. Hover a slice or a row; click a slice to open it.

Buying and selling, month by month^{(Mar 2026 – Sept 2026)}

Buying and selling, month by month. Change in market value since the previous month, ₹ crore. Month end. Source: AMC monthly portfolio disclosures.

Fig. 3.Change in market value since the previous month, ₹ crore. Month end. Source: AMC monthly portfolio disclosures.

Portfolio^{(Sept 2026)}

Every holding in Sept 2026: its shares, market value (₹ crore) and % of NAV. Month end. Source: AMC monthly portfolio disclosures. Click a column's header to sort by it.

ESDS Software Solution Ltd	Equity	IT - Services	46.6K	7	6.03
HDFC Bank	Equity	Banks	63.1K	4.5	3.83
ICICI Bank	Equity	Banks	20.9K	2.8	2.37
Eternal Limited	Equity	Retailing	79.7K	2.6	2.19
Manipal Payment and Identity Solutions Ltd	Equity	Financial Technology (Fintech)	57.5K	2.4	2.02
HDFC Life Insurance Co Ltd	Equity	Insurance	45K	2.3	2.01
Reliance Industries	Equity	Petroleum Products	18.9K	2.3	1.93
Titan Co Ltd	Equity	Consumer Durables	4.32K	2	1.70
Bajaj Auto	Equity	Automobiles	1.82K	2	1.70
Laurus Labs Limited	Equity	Pharmaceuticals & Biotechnology	9.38K	1.9	1.59
Divi s Laboratories Limited	Equity	Pharmaceuticals & Biotechnology	1.94K	1.8	1.54
Grasim Industries	Equity	Cement & Cement Products	5.36K	1.6	1.41
LG Electronics Inc	Equity	Consumer Durables	9.5K	1.6	1.40
AU Small Finance Bank Limited	Equity	Banks	16K	1.6	1.39
Multi Commodity Exchange of India Limited	Equity	Capital Markets	4.74K	1.6	1.34
Ajanta Pharmaceuticals Limited	Equity	Pharmaceuticals & Biotechnology	4.25K	1.5	1.32
Bajaj Finance Limited	Equity	Finance	15.9K	1.5	1.31
Apollo Hospitals Enterprise Limited	Equity	Healthcare Services	1.86K	1.5	1.30
Kirloskar Oil Engines Limited	Equity	Industrial Products	6.51K	1.5	1.29
Ramkrishna Forgings Limited	Equity	Auto Components	21.3K	1.5	1.28
Piramal Pharma Limited	Equity	Pharmaceuticals & Biotechnology	72.1K	1.5	1.28
TVS Motor Co Ltd	Equity	Automobiles	3.57K	1.5	1.26
Kalpataru Projects International Limited	Equity	Construction	10.6K	1.5	1.25
Indo MIM Limited	Equity	Industrial Manufacturing	11.7K	1.5	1.25
Aurobindo Pharma	Equity	Pharmaceuticals & Biotechnology	8.69K	1.5	1.25
Hindalco Industries	Equity	Non - Ferrous Metals	15.3K	1.4	1.24
Redington India	Equity	Commercial Services & Supplies	35.2K	1.4	1.23
Magma Fincorp Limited	Equity	Finance	32K	1.4	1.22
BEML Limited	Equity	Agricultural, Commercial & Construction Vehicles	7.12K	1.4	1.22
IDFC Bank Limited	Equity	Banks	1.74L	1.4	1.21
Syrma SGS Technology Limited	Equity	Industrial Manufacturing	7.86K	1.4	1.20
Finolex Cables Limited	Equity	Industrial Products	9.58K	1.4	1.19
Navin Flourine International Ltd	Equity	Chemicals & Petrochemicals	1.68K	1.4	1.19
Glenmark Pharmaceuticals	Equity	Pharmaceuticals & Biotechnology	5.92K	1.4	1.19
Solar Industries India	Equity	Chemicals & Petrochemicals	701	1.4	1.18
Ratnakar Bank Limited	Equity	Banks	33.9K	1.4	1.17
Bharat Heavy Electricals	Equity	Electrical Equipment	32.9K	1.4	1.17
Torrent Pharmaceuticals Limited	Equity	Pharmaceuticals & Biotechnology	2.84K	1.4	1.17
Neuland Laboratories Limited	Equity	Pharmaceuticals & Biotechnology	632	1.4	1.16
Lt Foods Limited	Equity	Agricultural Food & other Products	32.8K	1.3	1.13
Dr Lal Path Labs Limited	Equity	Healthcare Services	6.61K	1.3	1.13
IPCA Laboratories Limited	Equity	Pharmaceuticals & Biotechnology	6.77K	1.3	1.12
Hindustan Copper Limited	Equity	Non - Ferrous Metals	27.3K	1.3	1.11
Radico Khaitan Limited	Equity	Beverages	2.95K	1.3	1.10
Marico	Equity	Agricultural Food & other Products	16.3K	1.3	1.10
Elgi Equipments Limited	Equity	Industrial Products	20K	1.2	1.04
Gujarat Fluorochemicals Limited	Equity	Chemicals & Petrochemicals	2.74K	1.2	1.03
Great Eastern Shipping Co Ltd	Equity	Transport Services	7.61K	1.2	1.02
FSN E Commerce Ventures Limited	Equity	Retailing	37K	1.2	1.02
Data Patterns India Limited	Equity	Aerospace & Defense	2.75K	1.2	1.01
Adani Power Limited	Equity	Power	57.5K	1.2	1.01
Yes Bank Limited	Equity	Banks	5.58L	1.2	1.00
Biocon	Equity	Pharmaceuticals & Biotechnology	31.4K	1.2	1.00
City Union Bank	Equity	Banks	51K	1.2	0.99
Global Health Limited	Equity	Healthcare Services	8.37K	1.1	0.98
Usha Martin Limited	Equity	Industrial Products	22.4K	1.1	0.96
IIFL Finance Limited	Equity	Finance	18.5K	1.1	0.95
Infosys	Equity	IT - Software	11.1K	1.1	0.95
STEEL AUTHORITY INDIA LTD	Equity	Ferrous Metals	59.3K	1.1	0.92
Aster DM Healthcare Limited	Equity	Healthcare Services	15.4K	1.1	0.92
Aarti Industries Limited	Equity	Chemicals & Petrochemicals	22.2K	1.1	0.91
DCB Bank Ltd	Equity	Banks	51.7K	1.1	0.90
Inox Green Energy Services Limited	Equity	Commercial Services & Supplies	60.4K	0.97	0.83
Central Mine Planning Design Institute Limited	Equity	Construction	45.7K	0.96	0.82
Turtlemint Fintech Solutions Limited	Equity	Financial Technology (Fintech)	1.2L	0.91	0.78
NMDC	Equity	Minerals & Mining	1.15L	0.88	0.75
State Bank of India	Equity	Banks	9.02K	0.87	0.74
SBI Funds Management Limited	Equity	Capital Markets	13.3K	0.69	0.59
Ather Energy Limited	Equity	Automobiles	4.64K	0.66	0.57
Bandhan Bank Limited	Equity	Banks	32.8K	0.59	0.50
National Aluminium Co Ltd	Equity	Non - Ferrous Metals	15.6K	0.53	0.46

Fig. 4.Every holding in Sept 2026: its shares, market value (₹ crore) and % of NAV. Month end. Source: AMC monthly portfolio disclosures.