Union Business Cycle Fund Direct Growth

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

1. Union Business Cycle Fund Direct Growth has ₹564 Cr worth of assets under management (AUM) as on Apr 2025 and is less than category average.
2. The fund has an expense ratio 0.8.
   

Union Business Cycle Fund Direct Growth has given a CAGR return of 8.62% since inception. Over the last 1 year the fund has given a CAGR return of 1.93%.

Union Business Cycle Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Basic Materials, Consumer Cyclical, Tech, Health, Communication, Energy, Consumer Defensive, Utilities, Real Estate. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Bharti Airtel Ltd, Reliance Industries Ltd, Infosys Ltd

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 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

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 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.