August 18, 2025
RA Jainee
Union Business Cycle Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 11.2000
NAV IDCW: Rs 11.2000
Suitable For Which Investors?
Such thematic funds are avoidable for most investors because:
• They have a narrow investment focus
• Instead, diversified equity funds which invest across sectors/themes are better
If you still choose to invest:
1. Invest only through SIP
2. Have a 7+ year investment horizon
3. Be prepared to withstand interim sharp declines in investment value
Fund’s Investment Strategy:
The Schemeseeks to generate long-term capital appreciation by investing with a focus on riding business cycles through allocation between sectors and stocks at different stages of business cycles in the economy.
Fund Manager:
1) Harshad Patwardhan
Education: Mr. Patwardhan is B.Tech from IIT, MBA from IIM and CFA.
Experience: Prior to joining Union AMC, he was associated with Edelweiss AMC,Girik Wealth Advisors,JPMorgan Asset Management India Private Limited since June 2006 as CIO-Equities. Prior to that Mr. Patwardhan worked for two years with Deutsche Equities India Private Limited as a senior research analyst and has had extensive experience with several foreign brokerage houses covering a variety of sectors.
2) Pratik Dharmshi
Education: Mr. Dharmshi has done B. Com & CA
Experience: Prior to joining Union AMC, he was associated with UTI Pension Fund Limited, Safe Enterprises, Girik Capital, Edelweiss AMC, JP Morgan India Pvt. Ltd., CRISIL Ltd. & Morgan Stanley Advantage Services Pvt. Ltd.
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 1 year |
Basic Details of Union Business Cycle Fund
| Fund House | Union Mutual Fund |
| Launch Date | 05-Mar-24 |
| Return Since Launch | 8.17% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 570 Cr |
| (As on 31-Jul-2025) | |
| Expense | 0.78% |
| (As on 31-Jul-2025) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 171.00% |
Trailing Returns (%) of Union Business Cycle Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Union Business Cycle Dir | -1.23 | -0.09 | -0.97 | 2.85 | 10.13 | -1.50 | — | — | — | — |
| BSE 500 TRI | 2.10 | -0.04 | -2.44 | 1.34 | 10.48 | 0.59 | — | — | — | — |
Peer Comparison of Union Business Cycle Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Union Business Cycle Dir | Unrated | -1.50 | — | — | 0.78 | 570 | 8.17 | 1.00 (365) | 1Y 5M | 171.00 |
| ICICI Pru India Opportunities Dir | Unrated | 5.76 | 24.12 | 31.76 | 0.63 | 29,718 | 22.67 | 1.00 (365) | 6Y 7M | 64.00 |
| ICICI Pru Business Cycle Dir | Unrated | 8.86 | 23.01 | — | 0.72 | 13,479 | 22.92 | 1.00 (30) | 4Y 7M | 31.00 |
| HDFC Manufacturing Dir | Unrated | -0.32 | — | — | 0.73 | 11,818 | 6.19 | 1.00 (30) | 1Y 3M | 26.19 |
| Franklin India Opportunities Dir | Unrated | 3.94 | 30.39 | 30.30 | 0.52 | 7,376 | 18.18 | 1.00 (365) | 12Y 7M | 56.93 |
Portfolio Analysis of Union Business Cycle Fund
| No. of Stocks | 62 |
| Top 10 Stocks | 38.60% |
| Top 5 Stocks | 25.36% |
| Top 3 Sectors | 47.93% |
| Portfolio P/B Ratio | 4.65 |
| Portfolio P/E Ratio | 32.55 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,95,456 | 1,32,089 |
| Giant (%) | 52.91 | 41.98 |
| Large (%) | 23.07 | 24.09 |
| Mid (%) | 18.95 | 27.65 |
| Small (%) | 5.08 | 9.93 |
| Tiny (%) | — | 0.79 |
Chanakya’s Mutual Fund Guidance For Union Business Cycle Fund
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