May 19, 2026
RA Jainee
Union Business Cycle Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 11.5 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 11.5 |
| Min. Investment (Rs.) | 1,000 |
| Min. SIP Investment (Rs.) | 500 |
| Min. No of Cheques | 6 |
| Benchmark | NIFTY 500 TRI |
| AUM Rs. | 507 Cr |
| (As on 30-Apr-2026) | |
| Expense | 2.01% |
| 1 Year Return (%) | 4.26 |
| 3 Year Return (%) | — |
| 5 Year Return (%) | — |
| 10 Year Return (%) | — |
| Return Since Launch | 6.58% |
⚖️ Sahifund Review – Union Business Cycle Fund ✔
PLUS: Stability, track record, cost efficiency
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MINUS: Large AUM, large-cap bias, momentum lag
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Sahifund View (Decisive Line):
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
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 | 6.58% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | 507 Cr |
| (As on 30-Apr-2026) | |
| Expense | 2.01% |
| (As on 30-Apr-2026) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 132.00% |
Union Business Cycle Fund Returns
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Union Business Cycle Dir | -1.37 | -0.43 | 1.14 | -1.71 | -2.13 | 4.26 | — | — | — | — |
| BSE 500 TRI | -5.71 | -0.32 | -0.38 | -3.43 | -5.51 | -0.57 | — | — | — | — |
| Equity: Thematic-Business Cycle | -2.98 | -0.46 | 0.80 | -1.41 | -3.63 | 2.15 | — | — | — | — |
| Rank within category | 6 | 7 | 8 | 9 | 6 | 5 | — | — | — | — |
| Number of funds in category | 18 | 19 | 19 | 18 | 18 | 18 | 8 | 2 | 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 | 4.26 | — | — | 2.01 | 507 | 6.58 | 1.00 (365) | 2Y 2M | 132.00 |
| ICICI Pru Business Cycle Dir | Unrated | 2.63 | 20.11 | 18.61 | 0.67 | 15,813 | 19.41 | 1.00 (30) | 5Y 3M | 32.00 |
| Kotak Business Cycle Dir | Unrated | 4.45 | 17.60 | — | 0.86 | 3,064 | 15.54 | 0.50 (90) | 3Y 7M | 23.10 |
| Tata Business Cycle Dir | Unrated | 1.98 | 17.73 | — | 0.77 | 2,637 | 15.61 | 0.50 (30) | 4Y 9M | 56.21 |
| HDFC Business Cycle Dir | Unrated | 0.51 | 12.43 | — | 1.69 | 2,604 | 11.73 | 1.00 (365) | 3Y 5M | 59.31 |
Union Business Cycle Fund Portfolio
| No. of Stocks | 55 |
| Top 10 Stocks | 33.02% |
| Top 5 Stocks | 19.96% |
| Top 3 Sectors | 69.90% |
| Portfolio P/B Ratio | 3.52 |
| Portfolio P/E Ratio | 23.50 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,08,625 | 1,16,954 |
| Giant (%) | — | — |
| Large (%) | 46.06 | 49.49 |
| Mid (%) | 25.93 | 26.73 |
| Small (%) | 28.01 | 23.77 |
| Tiny (%) | — | — |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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