Edelweiss Business Cycle Fund vs ITI Business Cycle Fund
Direct Plan, Growth option · Data as on 30-10-2026
Edelweiss Business Cycle Fund is a Thematic fund and ITI Business Cycle Fund is a Thematic fund. Edelweiss Business Cycle Fund charges 1.28% a year and ITI Business Cycle Fund 1.63% (Direct plans). Their portfolios overlap 32.1%: they hold 28 of the same securities.
Which is better, Edelweiss Business Cycle 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.
- Edelweiss Business Cycle costs less: 1.28% a year against 1.63% (Direct plans).
- Edelweiss Business Cycle fell less in its worst fall since 12-03-2026: −10.5% against −12.3%.
- Edelweiss Business Cycle holds more in large companies: 42.9% of the fund in large caps against 30.0%.
- Edelweiss Business Cycle is the larger fund: ₹1,344 Cr against ₹117 Cr.
- Their portfolios overlap 32.1%: 28 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 | Edelweiss Business Cycle Fund | ITI Business Cycle Fund |
|---|---|---|
| Fund house | Edelweiss Mutual Fund | ITI Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹1,344 Cr (30-09-2026) | ₹117 Cr (30-09-2026) |
| NAV | ₹9.00 (Direct) | ₹9.97 (Direct) |
| Expense ratio (Direct) | 1.28% | 1.63% |
| Expense ratio (Regular) | 2.74% | 3.39% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | Nifty 500 TRI |
| Launch date | 29-07-2024 | 09-03-2026 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Bhavesh Jain, Bharat Lahoti, Amit Vora | Nilay Dalal, Alok Ranjan |
| Exit load | Exit load of 1%, if redeemed within 90 days. | Exit load of 0.50%, if redeemed within 3 months. |
Edelweiss Business Cycle 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 |
|---|---|---|---|---|---|---|---|
| Edelweiss Business Cycle Fund (Direct) | −0.88% | −1.26% | +0.76% | −1.78% | -- | -- | -- |
| 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.
Edelweiss Business Cycle vs ITI Business Cycle: Year-wise Returns
| Year | EdelweissEdelweiss Business Cycle | ITIITI Business Cycle | Nifty 500 TRI |
|---|---|---|---|
| 2026to date | −2.78% | -- | −7.51% |
| 2025 | −2.18% | -- | +7.76% |
Edelweiss Business Cycle vs ITI Business Cycle: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of both
Edelweiss Business Cycle vs ITI Business Cycle: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Edelweiss Business Cycle Fund (Direct) | ITI Business Cycle Fund (Direct) |
|---|---|---|
| Return (CAGR) | −4.77% | −0.10% |
| Standard deviation | 16.66% | 12.69% |
| Sharpe ratio | -0.63 | -0.42 |
| Sortino ratio | -0.83 | -0.55 |
| Maximum drawdown | −26.4% (28-02-2025) | −12.3% (23-10-2026) |
| Beta | 1.10 | 0.68 |
| Alpha | −1.77% | −2.55% |
From daily NAVs, 31-07-2024 to 30-10-2026. 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.
Edelweiss Business Cycle 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 |
|---|---|---|---|---|---|---|
| Edelweiss Business Cycle Fund (Direct) | −10.5% | 31-08-2026 | 23-10-2026 | Not yet | -- | −6.7% |
| 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.
Edelweiss Business Cycle vs ITI Business Cycle: Portfolio Overlap
From each fund's latest monthly portfolio: Edelweiss Business Cycle Fund, September 2026; ITI Business Cycle Fund, September 2026
Holdings in common
- Overlap
- 32.1%
- Held by both
- 28
- Only in Edelweiss Business Cycle
- 47
- Only in ITI Business Cycle
- 43
| Security | % of Edelweiss Business Cycle | % of ITI Business Cycle |
|---|---|---|
| ICICI Bank Ltd. | 2.75% | 2.37% |
| Bajaj Auto Ltd. | 1.94% | 1.70% |
| Laurus Labs Ltd. | 3.09% | 1.59% |
| Titan Company Ltd. | 1.59% | 1.70% |
| Divi's Laboratories Ltd. | 1.73% | 1.54% |
| Grasim Industries Ltd. | 1.97% | 1.41% |
| AU Small Finance Bank Ltd. | 1.96% | 1.39% |
| Multi Commodity Exchange Of India Ltd. | 1.68% | 1.34% |
| TVS Motor Company Ltd. | 1.48% | 1.26% |
| INDO-MIM Ltd. | 1.56% | 1.25% |
| Aurobindo Pharma Ltd. | 1.31% | 1.25% |
| Hindalco Industries Ltd. | 1.96% | 1.24% |
| Glenmark Pharmaceuticals Ltd. | 2.17% | 1.19% |
| Navin Fluorine International Ltd. | 1.21% | 1.19% |
| Bharat Heavy Electricals Ltd. | 1.52% | 1.17% |
| Radico Khaitan Ltd. | 2.90% | 1.10% |
| Bajaj Finance Ltd. | 1.07% | 1.31% |
| Reliance Industries Ltd. | 1.03% | 1.93% |
| FSN E-Commerce Ventures Ltd. | 2.54% | 1.02% |
| Torrent Pharmaceuticals Ltd. | 1.02% | 1.17% |
| Steel Authority of India Ltd. | 1.99% | 0.92% |
| Marico Ltd. | 0.87% | 1.10% |
| State Bank of India | 0.99% | 0.74% |
| Aster DM Quality Care Ltd. | 0.73% | 0.92% |
| Solar Industries India Ltd. | 0.62% | 1.18% |
| Ather Energy Ltd. | 1.76% | 0.57% |
| National Aluminium Company Ltd. | 1.14% | 0.46% |
| Infosys Ltd. | 0.46% | 0.95% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 32.1% means 32.1% 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 Edelweiss Business Cycle Fund
| Security | % of fund |
|---|---|
| Cummins India Ltd. | 2.83% |
| The Federal Bank Ltd. | 2.58% |
| GE Vernova T&D India Limited | 2.03% |
| Apar Industries Ltd. | 1.95% |
| Hitachi Energy India Ltd. | 1.94% |
Largest holdings only in ITI Business Cycle Fund
| Security | % of fund |
|---|---|
| ESDS Software Solution Ltd | 6.03% |
| HDFC Bank Limited | 3.83% |
| Eternal Limited | 2.19% |
| Manipal Payment and Identity Solutions Ltd | 2.02% |
| HDFC Life Insurance Company Limited | 2.01% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Edelweiss Business Cycle | ITI Business Cycle |
|---|---|---|
| Equity | 98.3% | 91.3% |
| Debt | 0.2% | 0.0% |
| Cash and others | 1.5% | 8.7% |
Market cap of stocks
| Market cap | Edelweiss Business Cycle | ITI Business Cycle |
|---|---|---|
| Large Cap | 42.9% | 30.0% |
| Mid Cap | 42.2% | 23.4% |
| Small Cap | 8.4% | 28.0% |
| Not on AMFI's list | 4.8% | 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 | Edelweiss Business Cycle | ITI Business Cycle |
|---|---|---|
| Pharmaceuticals & Biotechnology | 14.8% | 12.6% |
| Banks | 11.5% | 14.1% |
| Electrical Equipment | 9.1% | 1.2% |
| IT - Software | 7.0% | 0.9% |
| IT - Services | 0.0% | 6.0% |
| Finance | 6.0% | 3.5% |
| Automobiles | 5.7% | 3.5% |
| Industrial Products | 5.0% | 4.5% |
| Healthcare Services | 1.9% | 4.3% |
| Chemicals & Petrochemicals | 1.8% | 4.3% |
The six largest sectors of each fund's stocks, % of the fund.
Edelweiss Business Cycle vs ITI Business Cycle: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Edelweiss Business Cycle Fund | ITI Business Cycle Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.28% | 1.63% |
| Base expense ratio (Direct) | 0.58% | 0.53% |
| Total expense ratio (Regular) | 2.74% | 3.39% |
| Base expense ratio (Regular) | 1.84% | 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 Edelweiss Business Cycle with
Edelweiss Business Cycle Fund vs ITI Business Cycle Fund: Frequently Asked Questions
What is the difference between Edelweiss Business Cycle Fund and ITI Business Cycle Fund?
Edelweiss Business Cycle Fund is a Thematic fund, ITI Business Cycle Fund is a Thematic fund, run by Edelweiss Mutual Fund and ITI Mutual Fund. Their portfolios overlap 32.1%. Edelweiss Business Cycle Fund charges 1.28% a year and ITI Business Cycle Fund 1.63%.
Which has the lower expense ratio, Edelweiss Business Cycle Fund or ITI Business Cycle Fund?
Edelweiss Business Cycle Fund charges less: 1.28% a year against 1.63%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Edelweiss Business Cycle Fund and ITI Business Cycle Fund overlap?
32.1%. They hold 28 of the same securities, the largest shared ones being ICICIBANK, BAJAJ-AUTO, LAURUSLABS. From each fund's latest monthly portfolio.
Which is riskier, Edelweiss Business Cycle Fund or ITI Business Cycle Fund?
On SEBI's riskometer, Edelweiss Business Cycle Fund is rated Very High and ITI Business Cycle Fund Very High. Over their common history, the standard deviation of daily returns was 16.66% and 12.69% a year.
Can I invest in both Edelweiss Business Cycle Fund and ITI Business Cycle Fund?
Yes. 32.1% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Edelweiss Business Cycle Fund and ITI Business Cycle Fund?
Edelweiss Business Cycle Fund: Bhavesh Jain, Bharat Lahoti, Amit Vora. 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.