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Sectoral / Thematic · ITI Mutual Fund · AMFI code 154157ITI Business Cycle Fund
Disclosed for 5 months, May 2026 to Sep 2026.
Portfolio value
₹115 Cr
up ₹1.6 Cr vs Jun 2026
- Stocks held
- 74
- down 4 vs Jun 2026
- Top 10 weight
- 24.2%
- of the portfolio in its ten largest
- Cash & debt
- 2.3%
- cash, money market and debt
- Moves this month
- 18 in · 22 out
- added to 10, trimmed 24
ITI Business Cycle Fund is an active equity fund in the Sectoral / Thematic category from ITI Mutual Fund. In July 2026 it disclosed 74 stocks worth ₹115 Cr, up ₹1.6 Cr from Jun 2026. Its largest positions were ICICI Bank Limited (4.7%), HDFC Bank Limited (3.6%), Bajaj Finance Limited (2.8%); the ten largest together made up 24.2% of the portfolio, and Banks was the biggest sector at 17.6% of its equity. Cash and debt stood at 2.3%. Compared with Jun 2026 the fund entered 18 new stocks and exited 22.
Against 229 other Sectoral / Thematic funds
Concentration
0%
Top-10 weight is higher than 0% of peers
Breadth
93%
Holds more stocks than 93% of peers
Cash
31%
Holds more cash than 31% of peers
What these mean: concentration · cash
Holdings in July 2026
Download CSVEvery line the fund disclosed, with the change against Jun 2026. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| ICICI Bank Limited | 4.71% | up 1.11 pts | ₹5.4 Cr | up ₹1.3 Cr | Added |
| HDFC Bank Limited | 3.56% | down 0.29 pts | ₹4.1 Cr | down ₹27 L | Trimmed |
| Bajaj Finance Limited | 2.82% | up 2.82 pts | ₹3.2 Cr | up ₹3.2 Cr | New |
| Reliance Industries Limited | 2.72% | down 0.01 pts | ₹3.1 Cr | up ₹3 L | Added |
| Cash, TREPS & receivables | 2.26% | down 1.77 pts | ₹2.6 Cr | down ₹2 Cr | Trimmed |
| State Bank of India | 1.86% | down 1.03 pts | ₹2.1 Cr | down ₹1.1 Cr | Trimmed |
| Titan Company Limited | 1.83% | up 0.15 pts | ₹2.1 Cr | up ₹20 L | Added |
| Shriram Transport Finance Company Limited Shriram Finance Limited · history in this fund | 1.79% | up 1.00 pts | ₹2.1 Cr | up ₹1.2 Cr | Added |
| Turtlemint Fintech Solutions Limited | 1.71% | down 0.26 pts | ₹2 Cr | down ₹27 L | Trimmed |
| Laurus Labs Limited | 1.67% | up 0.26 pts | ₹1.9 Cr | up ₹32 L | Added |
| RBL Bank Limited | 1.49% | up <0.01 pts | ₹1.7 Cr | up ₹3 L | Added |
| IPCA Laboratories Limited | 1.47% | up 0.02 pts | ₹1.7 Cr | up ₹5 L | Added |
| AU Small Finance Bank Limited | 1.46% | up 0.26 pts | ₹1.7 Cr | up ₹32 L | Added |
| Pidilite Industries Limited | 1.44% | up 1.44 pts | ₹1.7 Cr | up ₹1.7 Cr | New |
| Apollo Hospitals Enterprise Limited | 1.44% | up 0.02 pts | ₹1.7 Cr | up ₹5 L | Added |
| Grasim Industries Limited | 1.44% | down 0.02 pts | ₹1.7 Cr | up ₹0 L | Held |
| Redington Limited | 1.43% | up 1.43 pts | ₹1.6 Cr | up ₹1.6 Cr | New |
| Nestle India Limited | 1.39% | up 0.08 pts | ₹1.6 Cr | up ₹11 L | Added |
| Adani Ports and Special Economic Zone Limited | 1.38% | down 0.11 pts | ₹1.6 Cr | down ₹11 L | Trimmed |
| SBI Funds Management Limited | 1.36% | up 1.36 pts | ₹1.6 Cr | up ₹1.6 Cr | New |
| Gujarat Fluorochemicals Limited | 1.36% | up 1.36 pts | ₹1.6 Cr | up ₹1.6 Cr | New |
| Divi's Laboratories Limited | 1.36% | up 1.36 pts | ₹1.6 Cr | up ₹1.6 Cr | New |
| Radico Khaitan Limited | 1.34% | up 0.10 pts | ₹1.5 Cr | up ₹14 L | Added |
| TVS Motor Company Limited | 1.34% | up 1.34 pts | ₹1.5 Cr | up ₹1.5 Cr | New |
| Coal India Limited | 1.32% | down 0.10 pts | ₹1.5 Cr | down ₹9 L | Trimmed |
| BSE Limited | 1.31% | down 0.10 pts | ₹1.5 Cr | down ₹9 L | Trimmed |
| Eternal Limited | 1.31% | up 1.31 pts | ₹1.5 Cr | up ₹1.5 Cr | New |
| IDFC First Bank Limited | 1.30% | up 1.30 pts | ₹1.5 Cr | up ₹1.5 Cr | New |
| Oberoi Realty Limited | 1.29% | up 1.29 pts | ₹1.5 Cr | up ₹1.5 Cr | New |
| Bharat Forge Limited | 1.29% | up 0.01 pts | ₹1.5 Cr | up ₹4 L | Added |
| Ajanta Pharma Limited | 1.28% | down <0.01 pts | ₹1.5 Cr | up ₹2 L | Added |
| Gokaldas Exports Limited | 1.27% | down 0.11 pts | ₹1.5 Cr | down ₹10 L | Trimmed |
| Torrent Pharmaceuticals Limited | 1.26% | up 1.26 pts | ₹1.5 Cr | up ₹1.5 Cr | New |
| Cummins India Limited | 1.26% | down 0.05 pts | ₹1.5 Cr | down ₹4 L | Trimmed |
| Dr. Lal Path Labs Limited | 1.24% | up 0.15 pts | ₹1.4 Cr | up ₹19 L | Added |
| Delhivery Limited | 1.24% | up 1.24 pts | ₹1.4 Cr | up ₹1.4 Cr | New |
| Jubilant Ingrevia Limited | 1.24% | up 1.24 pts | ₹1.4 Cr | up ₹1.4 Cr | New |
| Lupin Limited | 1.23% | up 1.23 pts | ₹1.4 Cr | up ₹1.4 Cr | New |
| Marico Limited | 1.23% | up 0.03 pts | ₹1.4 Cr | up ₹6 L | Added |
| L&T Finance Limited | 1.22% | up 1.22 pts | ₹1.4 Cr | up ₹1.4 Cr | New |
| Affle (India) Limited | 1.20% | up 1.20 pts | ₹1.4 Cr | up ₹1.4 Cr | New |
| Hindalco Industries Limited | 1.19% | up 0.01 pts | ₹1.4 Cr | up ₹3 L | Added |
| Aurobindo Pharma Limited | 1.19% | down 0.02 pts | ₹1.4 Cr | up ₹0 L | Held |
| Biocon Limited | 1.16% | up <0.01 pts | ₹1.3 Cr | up ₹2 L | Added |
| Bharat Heavy Electricals Limited | 1.16% | down 0.04 pts | ₹1.3 Cr | down ₹2 L | Trimmed |
| Deepak Fertilizers and Petrochemicals Corporation Limited | 1.15% | down 0.02 pts | ₹1.3 Cr | down ₹0 L | Held |
| Solar Industries India Limited | 1.12% | down 0.03 pts | ₹1.3 Cr | down ₹2 L | Trimmed |
| Krishna Institute Of Medical Sciences Limited | 1.12% | down 0.03 pts | ₹1.3 Cr | down ₹2 L | Trimmed |
| IIFL Finance Limited | 1.12% | up 0.17 pts | ₹1.3 Cr | up ₹21 L | Added |
| Navin Fluorine International Limited | 1.10% | down 0.03 pts | ₹1.3 Cr | down ₹2 L | Trimmed |
What changed, Jun 2026 to Jul 2026
New New positions (18)
- Bajaj Finance Limited2.8% · ₹3.2 Cr
- Pidilite Industries Limited1.4% · ₹1.7 Cr
- Redington Limited1.4% · ₹1.6 Cr
- SBI Funds Management Limited1.4% · ₹1.6 Cr
- Gujarat Fluorochemicals Limited1.4% · ₹1.6 Cr
- Divi's Laboratories Limited1.4% · ₹1.6 Cr
- TVS Motor Company Limited1.3% · ₹1.5 Cr
- Eternal Limited1.3% · ₹1.5 Cr
- IDFC First Bank Limited1.3% · ₹1.5 Cr
Sectors
Which sectors the fund is moving towards and away from, and where its money sits now. Shares are of the fund’s classified equity holdings, so they add up to 100%.
Where the weight moved
Compared with
Since Jun 2026, the weight rose most in Finance (+5.3 pts) and Chemicals & Petrochemicals (+3.0 pts), and fell most in Electrical Equipment (−3.0 pts) and Power (−2.4 pts).
- Finance3.9% → 9.2%+5.3 pts
- Chemicals & Petrochemicals4.6% → 7.6%+3.0 pts
- Pharmaceuticals & Biotechnology10.2% → 11.9%+1.8 pts
- Commercial Services & Supplies1.0% → 2.4%+1.4 pts
- Automobiles0.0% → 1.4%new+1.4 pts
- Realty0.0% → 1.3%new+1.3 pts
- Electrical Equipment5.3% → 2.3%−3.0 pts
- Power3.5% → 1.1%−2.4 pts
- Construction1.9% → 0.0%exited−1.9 pts
- Ferrous Metals2.5% → 0.9%−1.6 pts
- Industrial Products7.9% → 6.4%−1.5 pts
- Agricultural Food & Other Products2.3% → 1.3%−1.1 pts
A sector’s weight changes when the fund buys or sells, and also when its shares rise or fall in price, so a change is not by itself a sign of buying or selling.
Main sectors’ weights over time
| Sector | Jun 2026 | Jul 2026 |
|---|---|---|
| Banks | 17.7% | 17.6% |
| Pharmaceuticals & Biotechnology | 10.2% | 11.9% |
| Finance | 3.9% | 9.2% |
| Chemicals & Petrochemicals | 4.6% | 7.6% |
| Industrial Products | 7.9% | 6.4% |
| Healthcare Services | 6.0% | 6.1% |
| Capital Markets | 3.8% | 3.8% |
| Petroleum Products | 2.8% | 2.8% |
| Retailing | 3.4% | 2.4% |
| Commercial Services & Supplies | 1.0% | 2.4% |
Allocation in Jul 2026change vs Jun 2026
- Banks (9)17.6%▼ 0.1 pts
- Pharmaceuticals & Biotechnology (9)11.9%▲ 1.8 pts
Cash and debt
The share of the portfolio not in shares: cash and net receivables, money-market instruments and bonds, as disclosed each month. Cash can dip below zero when payables, often on derivative positions, exceed it. A change here describes what the fund did; it is not a signal. More on reading cash.
Cash & debt, Jul 2026
2.3%
▼ 1.8 pts vs Jun 2026
- Cash alone
- 2.3%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 2.3% – 4.1%
- lowest to highest · record 4.1% in May 2026
History
Disclosed portfolio value by month, with the stocks the fund entered and exited against its previous disclosure. Every month is a link to that portfolio.