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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
₹116 Cr
up ₹1.1 Cr vs Jul 2026
- Stocks held
- 75
- up 1 vs Jul 2026
- Top 10 weight
- 21.8%
- of the portfolio in its ten largest
- Cash & debt
- 2.9%
- cash, money market and debt
- Moves this month
- 11 in · 10 out
- added to 10, trimmed 31
ITI Business Cycle Fund is an active equity fund in the Sectoral / Thematic category from ITI Mutual Fund. In August 2026 it disclosed 75 stocks worth ₹116 Cr, up ₹1.1 Cr from Jul 2026. Its largest positions were ICICI Bank Limited (3.7%), HDFC Bank Limited (2.9%), Bajaj Finance Limited (2.5%); the ten largest together made up 21.8% of the portfolio, and Banks was the biggest sector at 15.9% of its equity. Cash and debt stood at 2.9%. Compared with Jul 2026 the fund entered 11 new stocks and exited 10.
Against 229 other Sectoral / Thematic funds
Concentration
0%
Top-10 weight is higher than 0% of peers
Breadth
94%
Holds more stocks than 94% of peers
Cash
41%
Holds more cash than 41% of peers
What these mean: concentration · cash
Holdings in August 2026
Download CSVEvery line the fund disclosed, with the change against Jul 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 | 3.69% | down 1.01 pts | ₹4.3 Cr | down ₹1.1 Cr | Trimmed |
| Cash, TREPS & receivables | 2.91% | up 0.66 pts | ₹3.4 Cr | up ₹79 L | Added |
| HDFC Bank Limited | 2.85% | down 0.71 pts | ₹3.3 Cr | down ₹78 L | Trimmed |
| Bajaj Finance Limited | 2.49% | down 0.33 pts | ₹2.9 Cr | down ₹35 L | Trimmed |
| Reliance Industries Limited | 2.08% | down 0.64 pts | ₹2.4 Cr | down ₹71 L | Trimmed |
| State Bank of India | 1.90% | up 0.04 pts | ₹2.2 Cr | up ₹7 L | Added |
| Bajaj Auto Limited | 1.90% | up 1.90 pts | ₹2.2 Cr | up ₹2.2 Cr | New |
| Titan Company Limited | 1.89% | up 0.07 pts | ₹2.2 Cr | up ₹10 L | Added |
| Shriram Transport Finance Company Limited Shriram Finance Limited · history in this fund | 1.72% | down 0.06 pts | ₹2 Cr | down ₹5 L | Trimmed |
| ESDS Software Solution Ltd | 1.72% | up 1.72 pts | ₹2 Cr | up ₹2 Cr | New |
| Divi's Laboratories Limited | 1.58% | up 0.22 pts | ₹1.8 Cr | up ₹27 L | Added |
| Grasim Industries Limited | 1.55% | up 0.11 pts | ₹1.8 Cr | up ₹14 L | Added |
| Laurus Labs Limited | 1.54% | down 0.13 pts | ₹1.8 Cr | down ₹13 L | Trimmed |
| AU Small Finance Bank Limited | 1.49% | up 0.04 pts | ₹1.7 Cr | up ₹6 L | Added |
| Tech Mahindra Limited | 1.49% | up 1.49 pts | ₹1.7 Cr | up ₹1.7 Cr | New |
| Turtlemint Fintech Solutions Limited | 1.48% | down 0.23 pts | ₹1.7 Cr | down ₹25 L | Trimmed |
| Hero MotoCorp Limited | 1.48% | up 1.48 pts | ₹1.7 Cr | up ₹1.7 Cr | New |
| Apollo Hospitals Enterprise Limited | 1.42% | down 0.02 pts | ₹1.7 Cr | down ₹1 L | Trimmed |
| Eternal Limited | 1.41% | up 0.10 pts | ₹1.6 Cr | up ₹13 L | Added |
| LG Electronics India Ltd | 1.39% | up 1.39 pts | ₹1.6 Cr | up ₹1.6 Cr | New |
| Nestle India Limited | 1.37% | down 0.03 pts | ₹1.6 Cr | down ₹1 L | Trimmed |
| Cholamandalam Investment and Finance Company Limited | 1.36% | up 0.29 pts | ₹1.6 Cr | up ₹35 L | Added |
| Hindalco Industries Limited | 1.34% | up 0.14 pts | ₹1.6 Cr | up ₹18 L | Added |
| TVS Motor Company Limited | 1.33% | down <0.01 pts | ₹1.5 Cr | up ₹1 L | Added |
| SBI Funds Management Limited | 1.32% | down 0.04 pts | ₹1.5 Cr | down ₹3 L | Trimmed |
| Ajanta Pharma Limited | 1.32% | up 0.04 pts | ₹1.5 Cr | up ₹6 L | Added |
| Oberoi Realty Limited | 1.31% | up 0.02 pts | ₹1.5 Cr | up ₹3 L | Added |
| Aurobindo Pharma Limited | 1.28% | up 0.09 pts | ₹1.5 Cr | up ₹12 L | Added |
| IDFC First Bank Limited | 1.28% | down 0.02 pts | ₹1.5 Cr | down ₹0 L | Held |
| Poonawalla Fincorp Limited | 1.28% | up 1.28 pts | ₹1.5 Cr | up ₹1.5 Cr | New |
| Pidilite Industries Limited | 1.27% | down 0.17 pts | ₹1.5 Cr | down ₹18 L | Trimmed |
| Glenmark Pharmaceuticals Limited | 1.26% | up 1.26 pts | ₹1.5 Cr | up ₹1.5 Cr | New |
| Navin Fluorine International Limited | 1.25% | up 0.15 pts | ₹1.5 Cr | up ₹19 L | Added |
| L&T Finance Limited | 1.25% | up 0.03 pts | ₹1.5 Cr | up ₹4 L | Added |
| Bharat Heavy Electricals Limited | 1.25% | up 0.09 pts | ₹1.5 Cr | up ₹12 L | Added |
| Neuland Laboratories Limited | 1.25% | up 0.21 pts | ₹1.5 Cr | up ₹25 L | Added |
| Torrent Pharmaceuticals Limited | 1.23% | down 0.03 pts | ₹1.4 Cr | down ₹2 L | Trimmed |
| Hindustan Copper Limited | 1.23% | up 1.23 pts | ₹1.4 Cr | up ₹1.4 Cr | New |
| Bharat Forge Limited | 1.22% | down 0.07 pts | ₹1.4 Cr | down ₹6 L | Trimmed |
| Solar Industries India Limited | 1.21% | up 0.09 pts | ₹1.4 Cr | up ₹12 L | Added |
| Affle (India) Limited | 1.20% | down <0.01 pts | ₹1.4 Cr | up ₹1 L | Added |
| Endurance Technologies Limited | 1.18% | up 1.18 pts | ₹1.4 Cr | up ₹1.4 Cr | New |
| Delhivery Limited | 1.16% | down 0.08 pts | ₹1.4 Cr | down ₹8 L | Trimmed |
| IPCA Laboratories Limited | 1.15% | down 0.32 pts | ₹1.3 Cr | down ₹36 L | Trimmed |
| Marico Limited | 1.15% | down 0.08 pts | ₹1.3 Cr | down ₹8 L | Trimmed |
| Radico Khaitan Limited | 1.14% | down 0.20 pts | ₹1.3 Cr | down ₹22 L | Trimmed |
| Jubilant Ingrevia Limited | 1.12% | down 0.11 pts | ₹1.3 Cr | down ₹12 L | Trimmed |
| Biocon Limited | 1.11% | down 0.05 pts | ₹1.3 Cr | down ₹4 L | Trimmed |
| FSN E-Commerce Ventures Limited | 1.11% | up 0.04 pts | ₹1.3 Cr | up ₹6 L | Added |
| RBL Bank Limited | 1.11% | down 0.38 pts | ₹1.3 Cr | down ₹43 L | Trimmed |
What changed, Jul 2026 to Aug 2026
New New positions (11)
- Bajaj Auto Limited1.9% · ₹2.2 Cr
- ESDS Software Solution Ltd1.7% · ₹2 Cr
- Tech Mahindra Limited1.5% · ₹1.7 Cr
- Hero MotoCorp Limited1.5% · ₹1.7 Cr
- LG Electronics India Ltd1.4% · ₹1.6 Cr
- Poonawalla Fincorp Limited1.3% · ₹1.5 Cr
- Glenmark Pharmaceuticals Limited1.3% · ₹1.5 Cr
- Hindustan Copper Limited1.2% · ₹1.4 Cr
- Endurance Technologies Limited1.2% · ₹1.4 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 Jul 2026, the weight rose most in Automobiles (+3.5 pts) and IT - Services (+1.8 pts), and fell most in Capital Markets (−2.0 pts) and Banks (−1.8 pts).
- Automobiles1.4% → 4.8%+3.5 pts
- IT - Services1.2% → 3.0%+1.8 pts
- IT - Software1.1% → 2.6%+1.5 pts
- Consumer Durables1.9% → 3.4%+1.5 pts
- Non - Ferrous Metals1.7% → 3.2%+1.5 pts
- Finance9.2% → 10.3%+1.0 pts
- Capital Markets3.8% → 1.9%−2.0 pts
- Banks17.6% → 15.9%−1.8 pts
- Healthcare Services6.1% → 4.7%−1.4 pts
- Transport Infrastructure1.4% → 0.0%exited−1.4 pts
- Consumable Fuels1.3% → 0.0%exited−1.3 pts
- Textiles & Apparels1.3% → 0.0%exited−1.3 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 | May 2026 | Jul 2026 | Aug 2026 |
|---|---|---|---|
| Banks | 16.1% | 17.6% | 15.9% |
| Pharmaceuticals & Biotechnology | 10.8% | 11.9% | 12.1% |
| Finance | 1.7% | 9.2% | 10.3% |
| Chemicals & Petrochemicals | 4.5% | 7.6% | 7.2% |
| Industrial Products | 8.2% | 6.4% | 5.2% |
| Automobiles | — | 1.4% | 4.8% |
| Healthcare Services | 4.8% | 6.1% | 4.7% |
| Consumer Durables | 1.7% | 1.9% | 3.4% |
| Non - Ferrous Metals | 4.3% | 1.7% | 3.2% |
| IT - Services | — | 1.2% | 3.0% |
Allocation in Aug 2026change vs Jul 2026
- Banks (9)15.9%▼ 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, Aug 2026
2.9%
▲ 0.7 pts vs Jul 2026
- Cash alone
- 2.9%
- 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.