Aditya Birla Sun Life International Equity Fund vs ITI Business Cycle Fund
Direct Plan, Growth option · Data as on 29-10-2026
Aditya Birla Sun Life International Equity Fund is a Thematic fund and ITI Business Cycle Fund is a Thematic fund. Aditya Birla Sun Life International Equity Fund charges 2.00% a year and ITI Business Cycle Fund 1.63% (Direct plans). Their portfolios overlap 0.0%: they hold 0 of the same securities.
Aditya Birla Sun Life International Equity Fund
Thematic
- Expense ratio
- 2.00%
- NAV
- ₹56.75
Which is better, Aditya Birla Sun Life International Equity or ITI Business Cycle? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- ITI Business Cycle costs less: 1.63% a year against 2.00% (Direct plans).
- Aditya Birla Sun Life International Equity fell less in its worst fall since 12-03-2026: −5.0% against −12.3%.
- Aditya Birla Sun Life International Equity holds 93.5% of the fund in foreign stocks; ITI Business Cycle 0.0%.
- ITI Business Cycle holds more in large companies: 30.0% of the fund in large caps against 0.0%.
- Aditya Birla Sun Life International Equity is the larger fund: ₹352 Cr against ₹117 Cr.
- Their portfolios overlap 0.0%: 0 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Aditya Birla Sun Life International Equity Fund | ITI Business Cycle Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | ITI Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹352 Cr (30-09-2026) | ₹117 Cr (30-09-2026) |
| NAV | ₹56.75 (Direct) | ₹9.97 (Direct) |
| Expense ratio (Direct) | 2.00% | 1.63% |
| Expense ratio (Regular) | 2.55% | 3.39% |
| Riskometer | Very High | Very High |
| Benchmark | S&P Global 1200 TRI | Nifty 500 TRI |
| Launch date | 31-10-2007 | 09-03-2026 |
| Minimum investment | ₹1,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Dhaval Joshi | Nilay Dalal, Alok Ranjan |
| Exit load | Exit load of 1%, if redeemed within 30 days. | Exit load of 0.50%, if redeemed within 3 months. |
Aditya Birla Sun Life International Equity vs ITI Business Cycle: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life International Equity Fund (Direct) | −1.59% | +3.00% | +4.05% | +13.97% | +24.46% | +11.86% | +13.70% |
| ITI Business Cycle Fund (Direct) | −5.70% | −4.02% | −3.02% | -- | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | -- | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Aditya Birla Sun Life International Equity vs ITI Business Cycle: Year-wise Returns
| Year | Aditya Birla Sun Life International EquityAditya Birla Sun Life International Equity | ITI Business CycleITI Business Cycle |
|---|---|---|
| 2026to date | +12.49% | -- |
| 2025 | +35.28% | -- |
| 2024 | +8.06% | -- |
| 2023 | +9.37% | -- |
| 2022 | −1.36% | -- |
| 2021 | +14.47% | -- |
Aditya Birla Sun Life International Equity vs ITI Business Cycle: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of ITI Business Cycle Fund
Aditya Birla Sun Life International Equity vs ITI Business Cycle: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Aditya Birla Sun Life International Equity Fund (Direct) | ITI Business Cycle Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.96% | −0.10% |
| Standard deviation | 14.26% | 12.69% |
| Sharpe ratio | 0.41 | -0.42 |
| Sortino ratio | 0.58 | -0.55 |
| Maximum drawdown | −27.5% (24-03-2020) | −12.3% (23-10-2026) |
| Beta | -- | 0.68 |
| Alpha | -- | −2.55% |
From daily NAVs, 02-01-2013 to 29-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Aditya Birla Sun Life International Equity Fund (Direct)
ITI Business Cycle Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Aditya Birla Sun Life International Equity Fund (Direct) | −5.0% | 17-08-2026 | 23-10-2026 | Not yet | -- | −3.4% |
| ITI Business Cycle Fund (Direct) | −12.3% | 23-09-2026 | 23-10-2026 | Not yet | -- | −9.9% |
| Nifty 500 TRI | −9.9% | 03-08-2026 | 23-10-2026 | Not yet | -- | −7.9% |
From daily values since 12-03-2026, the first day every fund has.
Aditya Birla Sun Life International Equity vs ITI Business Cycle: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life International Equity Fund, September 2026; ITI Business Cycle Fund, September 2026
Holdings in common
- Overlap
- 0.0%
- Held by both
- 0
- Only in Aditya Birla Sun Life International Equity
- 0
- Only in ITI Business Cycle
- 71
Overlap: for each holding both funds own, the smaller of its two weights, added up. 0.0% means 0.0% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Aditya Birla Sun Life International Equity Fund
Every holding of this fund is also held by the other.
Largest holdings only in ITI Business Cycle Fund
| Security | % of fund |
|---|---|
| ESDS Software Solution Ltd | 6.03% |
| HDFC Bank Limited | 3.83% |
| ICICI Bank Limited | 2.37% |
| Eternal Limited | 2.19% |
| Manipal Payment and Identity Solutions Ltd | 2.02% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life International Equity | ITI Business Cycle |
|---|---|---|
| Equity | 93.5% | 91.3% |
| Debt | 0.0% | 0.0% |
| Cash and others | 6.5% | 8.7% |
Market cap of stocks
| Market cap | Aditya Birla Sun Life International Equity | ITI Business Cycle |
|---|---|---|
| Large Cap | 0.0% | 30.0% |
| Mid Cap | 0.0% | 23.4% |
| Small Cap | 0.0% | 28.0% |
| Foreign stocks | 93.5% | 0.0% |
| Not on AMFI's list | 0.0% | 9.9% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Aditya Birla Sun Life International Equity | ITI Business Cycle |
|---|---|---|
| IT - Software | 15.0% | 0.9% |
| Banks | 5.5% | 14.1% |
| Pharmaceuticals & Biotechnology | 8.3% | 12.6% |
| IT - Hardware | 7.7% | 0.0% |
| Retailing | 6.6% | 3.2% |
| IT - Services | 4.1% | 6.0% |
| Industrial Manufacturing | 5.2% | 2.5% |
| Industrial Products | 1.0% | 4.5% |
| Healthcare Services | 0.0% | 4.3% |
| Chemicals & Petrochemicals | 1.6% | 4.3% |
The six largest sectors of each fund's stocks, % of the fund.
Aditya Birla Sun Life International Equity vs ITI Business Cycle: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life International Equity Fund | ITI Business Cycle Fund |
|---|---|---|
| Total expense ratio (Direct) | 2.00% | 1.63% |
| Base expense ratio (Direct) | 1.60% | 0.53% |
| Total expense ratio (Regular) | 2.55% | 3.39% |
| Base expense ratio (Regular) | 2.08% | 2.10% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Aditya Birla Sun Life International Equity with
Aditya Birla Sun Life International Equity Fund vs ITI Business Cycle Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life International Equity Fund and ITI Business Cycle Fund?
Aditya Birla Sun Life International Equity Fund is a Thematic fund, ITI Business Cycle Fund is a Thematic fund, run by Aditya Birla Sun Life Mutual Fund and ITI Mutual Fund. Their portfolios overlap 0.0%. Aditya Birla Sun Life International Equity Fund charges 2.00% a year and ITI Business Cycle Fund 1.63%.
Which has the lower expense ratio, Aditya Birla Sun Life International Equity Fund or ITI Business Cycle Fund?
ITI Business Cycle Fund charges less: 1.63% a year against 2.00%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life International Equity Fund and ITI Business Cycle Fund overlap?
0.0%. They hold 0 of the same securities. From each fund's latest monthly portfolio.
Which is riskier, Aditya Birla Sun Life International Equity Fund or ITI Business Cycle Fund?
On SEBI's riskometer, Aditya Birla Sun Life International Equity Fund is rated Very High and ITI Business Cycle Fund Very High. Over their common history, the standard deviation of daily returns was 14.26% and 12.69% a year.
Can I invest in both Aditya Birla Sun Life International Equity Fund and ITI Business Cycle Fund?
Yes. 0.0% of each fund's money sits in the same holdings, so the two hold mostly different investments.
Who manages Aditya Birla Sun Life International Equity Fund and ITI Business Cycle Fund?
Aditya Birla Sun Life International Equity Fund: Dhaval Joshi. ITI Business Cycle Fund: Nilay Dalal, Alok Ranjan.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.