ITI Business Cycle Fund- Regular Plan- Growth
💡 Why Pick This Fund? Quantitative Strengths & Watch-outs
- Expense ratio (3.38%) is higher than category median (2.52%), which creates fee drag over time.
Key Statistics vs Category Median
Trailing Returns Comparison
| Period | Fund Return | Category Median | Difference |
|---|---|---|---|
| 1 Month | +2.35% | +6.32% | -3.97% |
| 3 Months | -0.34% | -0.20% | -0.14% |
| 6 Months | +1.19% | +5.98% | -4.79% |
Calendar Year Returns
| Year | Fund | Category Median | Gap |
|---|---|---|---|
| 2026 | +5.37% | +4.03% | +1.34% |
Risk Profile & Deepest Drawdowns
Deepest Market Corrections (Depth >= 10%)
| Peak Date | Trough Date | Fall Depth | Months to Bottom | Recovery Period |
|---|---|---|---|---|
| 2026-09-23 | 2026-10-23 | -12.5% | 1 months | Not yet recovered |
Portfolio & Asset Allocation
Statutory Asset Allocation Mandate (SEBI / SID)
| Instrument Category | Permitted Allocation Range |
|---|---|
| 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%. | Per Scheme Mandate |
Investment Objective & Strategy
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.
ℹ️ Detailed monthly stock-level holdings for this scheme are updated periodically from asset management company statutory disclosures.
Fund Size Position
Currently managing Rs 119 cr (AMFI Daily Fund AUM as of 2026-11-11). Positioned as too small relative to Sectoral / Thematic schemes.
Fund Management
Cost & Capital Gains Taxation
From April 2026 the total expense ratio includes brokerage, transaction costs and statutory levies on top of the base fee.
Equity-oriented schemes: 20% short-term capital gains tax if sold within 12 months; 12.5% long-term capital gains tax on gains exceeding ₹1.25 lakh per financial year when held for more than 12 months.
Closest Sectoral / Thematic Peers by Rank
| Scheme | Score | 3Y Return | Expense | Downside | Fund Size | Compare |
|---|---|---|---|---|---|---|
| SBI HEALTHCARE OPPORTUNITIES FUND | 7.2 | +23.97% | 1.98% | 43.4% | Rs 6,504 cr | Compare → |
| UTI Healthcare Fund | 7.0 | +22.74% | 2.20% | 57.0% | Rs 1,536 cr | Compare → |
| Mirae Asset Healthcare Fund | 7.9 | +22.67% | - | 45.7% | Rs 3,828 cr | Compare → |
| Nippon India Taiwan Equity fund | 7.2 | +45.47% | 2.39% | -77.2% | Rs 806 cr | Compare → |
| DSP Healthcare Fund | 8.0 | +20.31% | 2.04% | 53.2% | Rs 3,946 cr | Compare → |
Frequently Asked Questions about ITI Business Cycle Fund
What is the expense ratio of ITI Business Cycle Fund?
ITI Business Cycle Fund has a total expense ratio (TER) of 3.38% with a base expense ratio of 2.1%, compared to the Sectoral / Thematic category median of 2.52%.
Who manages ITI Business Cycle Fund?
ITI Business Cycle Fund is managed by Nilay Dalal.
What are the historical returns of ITI Business Cycle Fund?
ITI Business Cycle Fund has a 1-year return of -.
How large is ITI Business Cycle Fund?
ITI Business Cycle Fund manages assets of Rs 119 cr, placing it in the 'too small' size band relative to Sectoral / Thematic peers.
How is ITI Business Cycle Fund scored on MFIQ?
ITI Business Cycle Fund holds an MFIQ Score of 5.5/10 (Average), based on a category percentile composite across returns, risk, consistency, and cost.
How risky is ITI Business Cycle Fund?
ITI Business Cycle Fund has an official SEBI riskometer rating of Very High. Over the analyzed period, its annualized standard deviation is - with a maximum historical drawdown of -12.47%.