﻿<?xml version="1.0" encoding="utf-8"?><SchemeSummaryDocument xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"><SchemeSummary><Fund_Name>ITI Business Cycle Fund</Fund_Name><Option_Names_Regular__Direct>Regular Plan- Growth Option, Regular Plan- Income Distribution cum Capital Withdrawal (IDCW) Option (with Payout of IDCW option), Regular Plan- Income Distribution cum Capital Withdrawal (IDCW) Option (with Reinvestment of IDCW option), Direct Plan- Growth Option, Direct Plan- Income Distribution cum Capital Withdrawal (IDCW) Option (with Payout of IDCW option), Direct Plan- Income Distribution cum Capital Withdrawal (IDCW) Option (with Reinvestment of IDCW option)</Option_Names_Regular__Direct><Fund_Type>An open ended equity scheme investing in sector based on its business cycle</Fund_Type><Riskometer_At_the_time_of_Launch>Very High risk</Riskometer_At_the_time_of_Launch><Riskometer_as_on_Date>Very High risk</Riskometer_as_on_Date><Category_as_Per_SEBI_Categorization_Circular>Thematic Fund</Category_as_Per_SEBI_Categorization_Circular><Potential_Risk_Class_as_on_date>Not Applicable</Potential_Risk_Class_as_on_date><Description_Objective_of_the_scheme>The Investment objective of the Scheme is 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. However, there can be no assurance that the investment objective of the scheme would be achieved.</Description_Objective_of_the_scheme><Stated_Asset_Allocation>Equity, Units issued by REITs and Equity Related Instruments of companies engaged in business cycle activities or allied sectors 80%-100%, Other equity and equity related securities other than above 0%-20%, Debt and Money Market Instruments 0%-20%, Units issued by InvITs 0%-10%.</Stated_Asset_Allocation><Face_Value>Rs.10/- each</Face_Value><NFO_Open_Date>13 Feb 2026</NFO_Open_Date><NFO_Close_date>27 Feb 2026</NFO_Close_date><Allotment_Date>09 Mar 2026</Allotment_Date><Reopen_Date>12 Mar 2026</Reopen_Date><Maturity_Date_For_closedend_funds>Not Applicable</Maturity_Date_For_closedend_funds><Benchmark_Tier_1>Nifty 500 Total Return Index</Benchmark_Tier_1><Benchmark_Tier_2>Not Applicable</Benchmark_Tier_2><Fund_Manager_Name>Mr. Nilay Dalal, Mr. Alok Ranjan and Mr. Rajesh Bhatia</Fund_Manager_Name><Fund_Manager_Type_PrimaryComanageDescription>Mr. Nilay Dalal- Co- Fund Manager, Mr. Alok Ranjan- Co- Fund Manager, Mr. Rajesh Bhatia- Fund Manager for Overseas investment</Fund_Manager_Type_PrimaryComanageDescription><Fund_Manager_From_Date>Mr. Nilay Dalal - 09 March 2026, Mr. Alok Ranjan - 09 March 2026 </Fund_Manager_From_Date><Annual_Expense_Stated_maximum>Regular 3.39, Direct 1.63</Annual_Expense_Stated_maximum><Exit_Load_if_applicable>0.50% if redeemed or switched out on or before completion of 3 months from the date of allotment of units ; Nil, if redeemed or switched out after completion of 3 months from the date of allotment of units.</Exit_Load_if_applicable><Custodian>Deutsche Bank A.G.</Custodian><Auditor>S. R. Batliboi &amp;amp; Co. LLP</Auditor><Registrar>KFin Technologies Limited</Registrar><RTA_Code_To_be_phased_out>ITI Business Cycle Fund Direct Plan Growth - CBG1, ITI Business Cycle Fund Regular Plan Growth – CBGP, ITI Business Cycle Fund Direct Plan – IDCW - Reinvestment - CBD1, ITI Business Cycle Fund Direct Plan – IDCW - Payout - CBD1, ITI Business Cycle Fund Regular Plan- IDCW - Reinvestment – CBDP, ITI Business Cycle Fund Regular Plan- IDCW - Payout - CBDP</RTA_Code_To_be_phased_out><Listing_Details>Not Applicable</Listing_Details><ISINs>ITI Business Cycle Fund- Direct Plan- Growth - INF00XX01DM9, ITI Business Cycle Fund- Direct Plan-IDCW -PAYOUT- INF00XX01DN7,  ITI Business Cycle Fund- Direct Plan-IDCW -REINVESTMENT - INF00XX01DO5, ITI Business Cycle Fund- Regular Plan- Growth - INF00XX01DJ5, ITI Business Cycle Fund- Regular Plan- IDCW -PAYOUT- INF00XX01DK3,  ITI Business Cycle Fund- Regular Plan- IDCW - REINVESTMENT- INF00XX01DL1.</ISINs><AMFI_Codes_To_be_phased_out>ITI Business Cycle Fund- Direct Plan- Growth - 154157, ITI Business Cycle Fund- Direct Plan-IDCW -PAYOUT- 154158,  ITI Business Cycle Fund- Direct Plan-IDCW -REINVESTMENT - 154158, ITI Business Cycle Fund- Regular Plan- Growth - 154159, ITI Business Cycle Fund- Regular Plan- IDCW -PAYOUT- 154160,  ITI Business Cycle Fund- Regular Plan- IDCW - REINVESTMENT- 154160.</AMFI_Codes_To_be_phased_out><SEBI_Codes>ITIM/O/E/THE/25/08/0021</SEBI_Codes><Minimum_Application_Amount>5000</Minimum_Application_Amount><Minimum_Application_Amount_in_multiples_of_Rs>1</Minimum_Application_Amount_in_multiples_of_Rs><Minimum_Additional_Amount>1000</Minimum_Additional_Amount><Minimum_Additional_Amount_in_multiples_of_Rs>1</Minimum_Additional_Amount_in_multiples_of_Rs><Minimum_Redemption_Amount_in_Rs>1000</Minimum_Redemption_Amount_in_Rs><Minimum_Redemption_Amount_in_Units>Not Applicable</Minimum_Redemption_Amount_in_Units><Minimum_Balance_Amount_if_applicable>Not Applicable</Minimum_Balance_Amount_if_applicable><Minimum_Balance_Amount_in_Units_if_applicable>Not Applicable</Minimum_Balance_Amount_in_Units_if_applicable><Max_Investment_Amount>Not Applicable</Max_Investment_Amount><Minimum_Switch_Amount_if_applicable>5000</Minimum_Switch_Amount_if_applicable><Minimum_Switch_Units>Not Applicable</Minimum_Switch_Units><Switch_Multiple_Amount_if_applicable>1</Switch_Multiple_Amount_if_applicable><Switch_Multiple_Units_if_applicable>Not Applicable</Switch_Multiple_Units_if_applicable><Max_Switch_Amount>Not Applicable</Max_Switch_Amount><Max_Switch_Units_if_applicable>Not Applicable</Max_Switch_Units_if_applicable><Swing_Pricing_if_applicable>No</Swing_Pricing_if_applicable><Sidepocketing_if_applicable>No.</Sidepocketing_if_applicable><SIP_SWP__STP_Details_Frequency>SIP-Daily/Weekly/Monthly, STP- Daily/Weekly/Monthly/Quarterly, SWP-  Monthly/ Quarterly</SIP_SWP__STP_Details_Frequency><SIP_SWP__STP_Details_Minimum_amount>SIP-Daily: Rs. 500/-/ Weekly and Monthly:Rs. 500/-, STP- Rs. 500/-, SWP- Rs. 1000/-</SIP_SWP__STP_Details_Minimum_amount><SIP_SWP__STP_Details_In_multiple_of>SIP-1, STP-1, SWP-1</SIP_SWP__STP_Details_In_multiple_of><SIP_SWP__STP_Details_Minimum_Instalments>SIP-Daily- 30 ; Weekly/Monthly -12 or 6, STP-Daily-30; Weekly /Monthly/Quarterly -2, SWP- Monthly/Quarterly-2</SIP_SWP__STP_Details_Minimum_Instalments><SIP_SWP__STP_Details_Dates>SIP-Daily (Every Business Day), Weekly (Any Day from Monday to Friday),Monthly (Every Business Day), STP- Daily (Every Business Day), Weekly (Any Day from Monday to Friday),Quarterly (1st or 7th or 14th or 21st or 28th of last month of every quarter), Monthly (1,7,14,21 or 28th of the month), SWP-Monthly and Quarterly (1,7,14,21 or 28th of every month/month of every quarter)</SIP_SWP__STP_Details_Dates><SIP_SWP__STP_Details_Maximum_Amount_if_any>Nil</SIP_SWP__STP_Details_Maximum_Amount_if_any></SchemeSummary></SchemeSummaryDocument>