Union Business Cycle Fund Direct Growth

Equity
Direct
Equity - Other
Union Business Cycle Fund Direct Growth

About the Fund

Union Business Cycle Fund Direct Growth is an equity fund. This fund was started on 5 March, 2024. The fund is managed by . The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Union Business Cycle Fund Direct Growth has ₹523 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
  2. The fund has an expense ratio 1.1.

Returns

Union Business Cycle Fund Direct Growth has given a CAGR return of 13.70% since inception.

Holdings

Union Business Cycle Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Financial Services, Basic Materials, Communication, Tech, Consumer Cyclical, Real Estate, Energy, Health, Government. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, Reliance Industries Ltd, Godrej Properties Ltd, Larsen & Toubro Ltd

Taxation

As it is a equity - other mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of Union Business Cycle Fund Direct Growth

The investment objective of the Scheme is 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. However, there is no assurance that the investment objective of the Scheme will be achieved.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 500.00. Union Business Cycle Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
75 people have invested ₹ 8.2L in Union Business Cycle Fund Direct Growth in the last three months

Fund Overview

Expense ratio1.08%
Benchmark
IISL Nifty 500 TR INR
AUM₹523 Cr
Inception Date5 March, 2024
Min Lumpsum/SIP₹1000/₹500
Exit Load
1%
Lock InNo Lock-in
TurnOver
0%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 95.2%

  • Debt & Cash 4.8%

Large cap
46.6%

Mid cap
25.5%

Small cap
19.9%

Sector Allocation

Jun'24

May'24

Apr'24

Industrial
28.5%
Financial Services
20.6%
Basic Materials
10.1%
Communication
9.8%
Tech
8.5%
Consumer Cyclical
8.2%
Real Estate
5.6%
Energy
5.6%
Health
3.1%

Returns for the month of Jun

  • Gainers

  • Losers

Top Growth Drivers
1M Return
V-Mart Retail Ltd
V-Mart Retail Ltd
18.6%
Infosys Ltd
Infosys Ltd
16.3%

Union Business Cycle Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered returns of 13.7% since inception (05nd Mar 2024)
Fund Allocations

Fund Allocations

This fund has an allocation of 95.22% in Equity, 0.07% in Debt and 4.72% in Cash related instruments
AUM size ₹523 Cr

AUM size ₹523 Cr

This fund has AUM of ₹523 Cr which is less than its category average of ₹ 2226 Cr
Expense Ratio 1.08%

Expense Ratio 1.08%

This fund has an expense ratio of 1.08% which is less than its category average expense ratio of 1.24%

Frequently Asked Questions

The current NAV of Union Business Cycle Fund Direct Growth is ₹11.37 as on 19-Jul-2024.
Existing (Absolute + CAGR) as on 19-Jul-2024.
Union Business Cycle Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.61%
1.61%
6 Month Returns
0%
0%
1 Year Returns
0%
0%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
1.08% as on June 2024
₹523 Cr as on June 2024
ICICI Bank Ltd(5.45%), HDFC Bank Ltd(5.41%), Reliance Industries Ltd(3.77%), Godrej Properties Ltd(3.25%), Larsen & Toubro Ltd(3.22%) as on June 2024
Industrial(27.14%), Financial Services(19.58%), Basic Materials(9.64%) as on June 2024
The alpha ratio for the Union Business Cycle Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Union Business Cycle Fund Direct Growth
-
-
-
As on June 2024
The alpha for Union Business Cycle Fund Direct Growth is calculated against IISL Nifty 500 TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Union Business Cycle Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Union Business Cycle Fund Direct Growth
-
-
-
As on June 2024
The Beta for Union Business Cycle Fund Direct Growth is calculated with IISL Nifty 500 TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Union Business Cycle Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Union Business Cycle Fund Direct Growth
-
-
-
As on June 2024
The sharpe ratio for Union Business Cycle Fund Direct Growth is calculated with IISL Nifty 500 TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Union Business Cycle Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Union Business Cycle Fund Direct Growth
-
-
-
As on June 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
The Exit load of Union Business Cycle Fund Direct Growth is 1%