October 19, 2026
mayank
Union Business Cycle Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 11.72 |
| NAV IDCW (Rs.) | 11.72 |
| Bonus NaV (Rs.) | — |
| Min. Investment (Rs.) | 1,000 |
| Min. SIP Investment (Rs.) | 500 |
| Min. No of Cheques | 6 |
| Benchmark | NIFTY 500 TRI |
| AUM Rs. | 485 Cr |
| (As on 30-Sep-2026) | |
| Expense | 1.03% |
| 1 Year Return (%) | 0.17 |
| 3 Year Return (%) | — |
| 5 Year Return (%) | — |
| 10 Year Return (%) | — |
| Return Since Launch | 6.26% |
Suitable For Which Investors?
Business Cycle funds are suitable for investors:
1. Seeking exposure in a diversified set of stocks with a focus on riding business cycles for high returns
2. Aiming for long term wealth creation
3. With a 5+ year investment horizon
4. Who are at ease with the market’s ups and downs
Note:
• Invest only through SIP
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 | 6.26% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | 485 Cr |
| (As on 30-Sep-2026) | |
| Expense | 1.03% |
| (As on 30-Sep-2026) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 150.00% |
Union Business Cycle Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Union Business Cycle Dir | 0.51 | -0.09 | -1.1 | -3.06 | 3.08 | 0.17 | — | — | — | — |
| BSE 500 TRI | -6.52 | 0.74 | -1.21 | -4.27 | -1.24 | -4.45 | — | — | — | — |
| Equity: Thematic-Business Cycle | -0.6 | -0.02 | -1.78 | -2.9 | 3.35 | -0.32 | — | — | — | — |
| Rank within category | 7 | 11 | 7 | 12 | 11 | 9 | — | — | — | — |
| Number of funds in category | 18 | 19 | 19 | 19 | 19 | 18 | 10 | 4 | 1 | 1 |
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 | 0.17 | — | — | 1.03 | 485 | 6.26 | 1.00 (365) | 2Y 7M | 150.00 |
| ICICI Pru Business Cycle Dir | 4 out of 5 stars | -5.05 | 13.94 | 13.64 | 0.72 | 14,889 | 17.46 | 1.00 (30) | 5Y 8M | 94.00 |
| Kotak Business Cycle Dir | 4 out of 5 stars | 3.28 | 15.25 | — | 0.57 | 3,414 | 15.54 | 0.50 (90) | 4Y | 26.05 |
| Mahindra Manulife Business Cycle Dir | 5 out of 5 stars | 1.56 | 15.48 | — | 0.53 | 1,291 | 15.30 | 1.00 (90) | 3Y 1M | 95.00 |
| HDFC Business Cycle Dir | 2 out of 5 stars | -1.73 | 9.89 | — | 0.85 | 2,646 | 11.73 | 1.00 (365) | 3Y 10M | 38.35 |
Union Business Cycle Fund Portfolio Analysis
| No. of Stocks | 61 |
| Top 10 Stocks | 30.67% |
| Top 5 Stocks | 18.86% |
| Top 3 Sectors | 61.29% |
| Portfolio P/B Ratio | 3.40 |
| Portfolio P/E Ratio | 29.44 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 98,915 | 1,14,774 |
| Large (%) | 47.11 | 47.17 |
| Mid (%) | 17.48 | 25.44 |
| Small (%) | 35.41 | 27.39 |
Note: Mutual fund investments are subject to market risks, read all scheme-related documents carefully.
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