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ITI Business Cycle Fund- Direct Plan- Growth

Equity Data as of May 2026 Comparing Apr 2026 → May 2026
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Stocks Held
76
May 2026
Equity Holdings
₹103.35 Cr
Equity only, excl. debt & cash
Top 5 Weight
14.9%
Diversified
Top 10 Weight
22.9%
Diversified
Changes
92
19 new · 16 exits
Top Sector
Banks
15.5% of portfolio
📋 What Happened This Month ITI Business Cycle Fund made 19 new additions and exited 16 stocks this month. The biggest new buy was Adani Ports and Special Economic Zone Limited (Transport Infrastructure) at 1.56% weight. Bharat Electronics Limited was the biggest exit (Aerospace & Defense), which was held at 2.18%. Among existing holdings, State Bank of India saw the biggest increase — now at 2.86% of the portfolio. HDFC Bank Limited was trimmed the most, now at 3.79%. HDFC Bank Limited remains the top holding with Banks the dominant sector at 15.5%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.
Sector Shift Industry allocation month-over-month
Mar 2026 Apr 2026
Sector Prev Curr Delta
Banks 14.4% 16.9% +2.4%
Pharmaceuticals & Biotechnology 12.7% 13.5% +0.8%
Power 2.5% 7.5% +5.1%
Ferrous Metals 2.0% 5.7% +3.7%
Industrial Products 0.0% 4.3% +4.3%
Electrical Equipment 0.6% 4.3% +3.7%
Aerospace & Defense 2.3% 3.7% +1.4%
Auto Components 0.6% 3.4% +2.8%
Capital Markets 2.6% 3.4% +0.8%
Petroleum Products 4.1% 3.3% -0.8%
Apr 2026 May 2026
Sector Prev Curr Delta
Banks 16.9% 15.5% -1.4%
Pharmaceuticals & Biotechnology 13.5% 10.3% -3.2%
Industrial Products 4.3% 6.6% +2.3%
Ferrous Metals 5.7% 5.5% -0.2%
Power 7.5% 5.4% -2.1%
Healthcare Services 1.1% 4.6% +3.5%
Chemicals & Petrochemicals 2.2% 4.3% +2.1%
Electrical Equipment 4.3% 4.3% 0.0%
Non - Ferrous Metals 3.1% 4.1% +1.0%
Capital Markets 3.4% 4.0% +0.6%
🟢
Biggest New Buy
Adani Ports and Special Economic Zone Limited
1.56% weight · Transport Infrastructure
🔴
Biggest Exit
Bharat Electronics Limited
2.18% was held · Aerospace & Defense
Biggest Add
State Bank of India
+1.17% · now 2.86%
Biggest Trim
HDFC Bank Limited
-1.32% · now 3.79%
🤝 Other funds also bought this month
Oil India Limited 28 funds
Oil India Limited
Bandhan Multi-Factor Fund - Direct Plan - Growth
Mirae Asset BSE 500 Dividend Leaders 50 ETF
CAPITALMIND FLEXI CAP FUND DIRECT GROWTH + more
Hindustan Zinc Limited 27 funds
Hindustan Zinc Limited
Mirae Asset BSE 500 Dividend Leaders 50 ETF
360 ONE QUANT FUND DIRECT GROWTH
Motilal Oswal BSE Quality Index Fund + more
Angel One Limited 26 funds
Angel One Limited
Axis Nifty Capital Markets Index Fund
ICICI Prudential Exports and Services Fund
BAJAJ FINSERV SMALL CAP FUND - DIRECT - GROWTH + more
Apollo Hospitals Enterprise Limited 25 funds
Apollo Hospitals Enterprise Limited
Bandhan Nifty100 Low Volatility 30 Index Fund
Mirae Asset Nifty 100 Low Volatility 30 ETF
BAJAJ FINSERV LARGE CAP FUND - DIRECT PLAN - GROWTH + more
Fortis Healthcare Limited 24 funds
Fortis Healthcare Limited
BAJAJ FINSERV HEALTHCARE FUND - DIRECT - GROWTH
TRUSTMF MID CAP FUND -DIRECT -GROWTH
JM Large and Midcap Fund + more
Grasim Industries Limited 23 funds
Grasim Industries Limited
SBI Nifty 200 Value 30 ETF
ICICI Prudential Nifty200 Value 30 Index Fund - Direct Plan - Growth
Bandhan Multi-Factor Fund - Direct Plan - Growth + more
👋 Other funds also exited
Bharat Electronics Limited 14 funds
Bharat Electronics Limited
BAJAJ FINSERV LARGE CAP FUND - DIRECT PLAN - GROWTH
Motilal Oswal Active Momentum Fund- Direct-Growth
Motilal Oswal Manufacturing Fund - Direct Plan- Growth + more
Power Grid Corporation of India Limited 9 funds
Power Grid Corporation of India Limited
Bandhan Nifty 500 Value 50 Index Fund
BAJAJ FINSERV ELSS TAX SAVER FUND - DIRECT - GROWTH
360 ONE ELSS Tax Saver Nifty 50 Index Fund + more
Alkem Laboratories Limited 7 funds
Alkem Laboratories Limited
LIC MF Healthcare Fund-Direct Plan-Growth
BAJAJ FINSERV HEALTHCARE FUND - DIRECT - GROWTH
LIC MF Multi Cap Fund-Direct Plan-Growth + more
Can Fin Homes Limited 7 funds
Can Fin Homes Limited
Samco Multi Cap Fund
Bajaj Finserv Flexi Cap Fund-Direct Plan-Growth
BAJAJ FINSERV MULTI CAP FUND - DIRECT - GROWTH + more
Union Bank of India 7 funds
Union Bank of India
Samco Special Opportunities Fund
ITI Banking and Financial Services Fund - Direct Plan - Growth Option
Bandhan Nifty 500 Value 50 Index Fund + more
Bank of Maharashtra 5 funds
Bank of Maharashtra
Groww Multi Asset Allocation Fund Direct Growth
Franklin India Multi-Factor Fund- Direct- Growth
Bandhan Nifty 500 Value 50 Index Fund + more

What Changed in the Portfolio This Month?

Comparing Apr 2026 → May 2026

Apr 2026 May 2026
🟢 19 New Entries 🔴 16 Exits ↑ 15 Increased ↓ 42 Decreased
#StockSectorWeight (May 2026)
1
Adani Ports and Special Economic Zone Limited
₹1.69 Cr
Transport Infrastructure 1.56%
2
Grasim Industries Limited
₹1.67 Cr
Cement & Cement Products 1.55%
3
Apollo Hospitals Enterprise Limited
₹1.52 Cr
Healthcare Services 1.41%
4
Siemens Limited
₹1.34 Cr
Electrical Equipment 1.24%
5
AU Small Finance Bank Limited
₹1.29 Cr
Banks 1.20%
6
Oil India Limited
₹1.27 Cr
Oil 1.17%
7
Angel One Limited
₹1.25 Cr
Capital Markets 1.16%
8
Fortis Healthcare Limited
₹1.23 Cr
Healthcare Services 1.14%
9
KEI Industries Limited
₹1.22 Cr
Industrial Products 1.14%
10
Navin Fluorine International Limited
₹1.20 Cr
Chemicals & Petrochemicals 1.11%
#StockSectorLast Weight (Apr 2026)
1
Bharat Electronics Limited
₹2.24 Cr
Aerospace & Defense 2.18%
2
Power Grid Corporation of India Limited
₹1.83 Cr
Power 1.77%
3
Union Bank of India
₹1.32 Cr
Banks 1.28%
4
Sai Life Sciences Limited
₹1.22 Cr
Pharmaceuticals & Biotechnology 1.18%
5
Siemens Energy India Limited
₹1.18 Cr
Electrical Equipment 1.15%
6
Tube Investments of India Limited
₹1.18 Cr
Auto Components 1.14%
7
NHPC Limited
₹1.16 Cr
Power 1.13%
8
Alkem Laboratories Limited
₹1.15 Cr
Pharmaceuticals & Biotechnology 1.11%
9
Transformers And Rectifiers (India) Limited
₹1.14 Cr
Electrical Equipment 1.10%
10
Oberoi Realty Limited
₹1.09 Cr
Realty 1.06%
#StockSectorApr 2026May 2026Change
1
State Bank of India
₹3.08 Cr
Banks 1.69% 2.86% +1.17%
2
Marico Limited
₹1.34 Cr
Agricultural Food & other Products 0.92% 1.24% +0.32%
3
BSE Limited
₹1.72 Cr
Capital Markets 1.46% 1.59% +0.13%
4
Cummins India Limited
₹1.55 Cr
Industrial Products 1.34% 1.43% +0.09%
5
Deepak Fertilizers and Petrochemicals Corporation Limited
₹1.20 Cr
Chemicals & Petrochemicals 1.04% 1.11% +0.07%
6
Usha Martin Limited
₹1.13 Cr
Industrial Products 0.98% 1.05% +0.07%
7
GE Vernova T&D India Limited
₹82.69 L
Electrical Equipment 0.70% 0.77% +0.07%
8
Hindalco Industries Limited
₹1.59 Cr
Non - Ferrous Metals 1.42% 1.48% +0.06%
9
Adani Power Limited
₹1.40 Cr
Power 1.24% 1.30% +0.06%
10
Steel Authority of India Limited
₹1.21 Cr
Ferrous Metals 1.06% 1.12% +0.06%
#StockSectorApr 2026May 2026Change
1
HDFC Bank Limited
₹4.08 Cr
Banks 5.11% 3.79% -1.32%
2
Data Patterns (India) Limited
₹1.11 Cr
Aerospace & Defense 1.52% 1.03% -0.49%
3
Neuland Laboratories Limited
₹1.08 Cr
Pharmaceuticals & Biotechnology 1.44% 1.00% -0.44%
4
Reliance Industries Limited
₹3.16 Cr
Petroleum Products 3.32% 2.93% -0.39%
5
Oil & Natural Gas Corporation Limited
₹1.53 Cr
Oil 1.68% 1.42% -0.26%
6
Nestle India Limited
₹1.51 Cr
Food Products 1.64% 1.40% -0.24%
7
Titan Company Limited
₹1.76 Cr
Consumer Durables 1.84% 1.63% -0.21%
8
Avenue Supermarts Limited
₹1.24 Cr
Retailing 1.36% 1.15% -0.21%
9
ICICI Bank Limited
₹3.73 Cr
Banks 3.64% 3.46% -0.18%
10
Multi Commodity Exchange of India Limited
₹1.34 Cr
Capital Markets 1.41% 1.24% -0.17%

What Stocks Does This Fund Hold?

76 stocks — May 2026

# Stock Sector Cap Weight & Value
1
₹4.08 Cr
Banks
3.79%
2
₹3.73 Cr
Banks
3.46%
3
₹3.16 Cr
Petroleum Products
2.93%
4
₹3.08 Cr
Banks
2.86%
5
₹1.97 Cr
Power
1.82%
6
₹1.86 Cr
Ferrous Metals
1.72%
7
₹1.76 Cr
Consumer Durables
1.63%
8
₹1.72 Cr
Capital Markets
1.59%
9
₹1.69 Cr
Transport Infrastructure
1.56%
10
₹1.68 Cr
Consumable Fuels
1.55%
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Disclaimer: Data sourced from individual AMC monthly portfolio disclosures, as mandated by SEBI/AMFI. While we strive for accuracy, errors in parsing or presentation may occasionally occur. This is not investment advice. Please consult a SEBI-registered investment adviser before making any investment decisions.

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