NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹10.26
-0.68%
NAV as on 30 Apr 26, 12:00 AM
very high risk
thematic business cycle
equity
NAV as on 30 Apr 26, 12:00 AM
very high risk
thematic business cycle
equity
0.00%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
2.58%p.a.
Since Inception
About ITI Business Cycle Fund -Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the ITI Business Cycle Fund -Growth scheme from ITI Asset Management Limited. It is a Thematic-Business Cycle mutual fund scheme that predominantly invests in Thematic-Business Cycle stocks of companies. Launched on Mar 2026, ITI Business Cycle Fund -Growth is Thematic-Business Cycle fund of its category with 92.78 Cr fund under management as on Apr 2026. The expense ratio of this fund is less than that of most other Fund category Thematic-Business Cycle funds.
- ITI Business Cycle Fund -Growth delivered 0.0% annual returns during the last year. It has delivered 2.6% average annual returns since the fund was launched.
- ITI Business Cycle Fund -Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
Fund Objective
The Scheme seeks 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.
Top 10 Holdings
Ajanta Pharma Ltd
1.49%
GE T&D India Ltd
0.63%
Axis Bank Ltd
0.88%
Bajaj Finance Ltd
0.56%
Bajaj Auto Ltd
0.25%
Bharat Electronics Ltd
0.87%
Bharat Forge Ltd
0.61%
Bharti Airtel Ltd
0.78%
Cholamandalam Investment & Finance Company Ltd
0.96%
Coal India Ltd
2.09%
Fund Managers
- Alok Ranjan (Feb 2026 - Present)
- Nilay Dalal (Feb 2026 - Present)
- Rajesh Bhatia (Feb 2026 - Present)
Key Information
View Scheme Document
ITI Business Cycle Fund -Growth SIP Calculator
If invested
per month
For a period of
Investment of ₹0 could have been
₹0(+0.0%)
₹0 (+0.0%)
This Fund
₹0 (+0.0%)
Fixed Deposit
NRI Mutual Fund Tax on ITI Business Cycle Fund -Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in ITI Business Cycle Fund -Growth?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in ITI Business Cycle Fund -Growth
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
Frequently Asked Questions
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