ITI Business Cycle Fund holds 73 instruments (91.32% equity), led by ESDS SOFTWARE SOLUTION LTD (6.03%), HDFC Bank Limited (3.83%) and ICICI Bank Limited (2.37%), as of its 30 September 2026 SEBI-mandated monthly disclosure.
This page shows the complete disclosed portfolio of ITI Business Cycle Fund, managed by ITI Mutual Fund, based on its monthly portfolio disclosure dated 30 September 2026. The fund holds 73 instruments with an equity allocation of 91.32%. Percentages are of net assets (% to NAV). Click any stock to see every other mutual fund that also holds it.
ITI Business Cycle Fund's top 10 holdings account for 25.37% of its portfolio, more diversified than the Thematic category average of 49.2%. Financial Services is its largest sector exposure at 24.32% of net assets, spread across 10 sectors in total. Since its 31 August 2026 disclosure, the fund added 14 new positions and exited 18 positions, with ESDS SOFTWARE SOLUTION LTD seeing the largest move (+4.31pp to 6.03%).
Equity holdings grouped by sector, % to NAV. "Other" covers debt, cash and other non-equity instruments, plus any equity holding without a classified sector.
Equity holdings compared between the fund's two latest monthly disclosures. Weights are % to NAV; weight moves can also reflect price changes, not only buying or selling.
| Stock | Weight | Change |
|---|---|---|
| ESDS SOFTWARE SOLUTION LTD | 1.72% → 6.03% | ▲ +4.31 |
| HDFC Bank Limited | 2.85% → 3.83% | ▲ +0.98 |
| ETERNAL LIMITED | 1.41% → 2.19% | ▲ +0.78 |
| Syrma SGS Technology Limited | 0.97% → 1.2% | ▲ +0.23 |
| The Great Eastern Shipping Company Limited | 0.85% → 1.02% | ▲ +0.17 |
| Finolex Cables Limited | 1.03% → 1.19% | ▲ +0.16 |
| Redington Limited | 1.08% → 1.23% | ▲ +0.15 |
| Stock | Weight | Change |
|---|---|---|
| ICICI Bank Limited | 3.69% → 2.37% | ▼ -1.32 |
| Bajaj Finance Limited | 2.49% → 1.31% | ▼ -1.18 |
| State Bank of India | 1.9% → 0.74% | ▼ -1.16 |
| SBI FUNDS MANAGEMENT LTD | 1.32% → 0.59% | ▼ -0.73 |
| TURTLEMINT FINTECH SOLUTIONS | 1.48% → 0.78% | ▼ -0.7 |
| Bajaj Auto Limited | 1.9% → 1.7% | ▼ -0.2 |
| Titan Company Limited | 1.89% → 1.7% | ▼ -0.19 |
| Reliance Industries Limited | 2.08% → 1.93% | ▼ -0.15 |
| Grasim Industries Limited | 1.55% → 1.41% | ▼ -0.14 |
| Infosys Limited | 1.08% → 0.95% | ▼ -0.13 |
% to NAV of the fund's current top holdings over its last 2 monthly disclosures (Aug – Sept 2026).
New to reading these? See How to Read a Mutual Fund's Monthly Portfolio Disclosure, or check terms like % to NAV in the glossary.
Source: ITI Mutual Fund's SEBI-mandated monthly portfolio disclosure, dated 30 September 2026. Data is for information only, not investment advice. Holdings may have changed since the disclosure date.