Union Business Cycle Fund Direct Growth

Union Business Cycle Fund Direct Growth

Get the latest NAV of Union Business Cycle Fund Direct Growth. View historical returns compared to its benchmark and category average. Know which stocks and sectors the fund is investing in. Get an estimate of returns from the SIP and lump sum returns calculator. View detailed holding analysis and peer comparison. Get INDmoney ranking of the fund.

₹10.89

-0.5%1D

NAV as on 14 May 2025

6.86%/per year

Since Inception

Absolute Gain%

52 people have invested ₹ 85.6K in Union Business Cycle Fund Direct Growth in the last three months

Union Business Cycle Fund Performance vs. Nifty 500

Fund returns vs Benchmark returns vs Category Average returns as on (14-May-25)

The fund has underperformed the benchmark (Nifty 500) over the last 1Y, 3Y, 5Y time periods.

Period
This Fund
Nifty 500
Category Avg
1 Month
6.6%
7.69%
-
3 Months
5.05%
6.91%
-
6 Months
-0.64%
1.98%
-
1 Year
5.97%
8.96%
-

Peer comparison

Fund Name
INDmoney Rank
AUM (in Crs.)
Expense Ratio
1Y Returns
3Y Returns
Inception Returns
Union Business Cycle Fund
-
564Cr
0.74%
5.97%
-
6.86%
ICICI Prudential India Opportunities Fund Direct Growth
1/39
25,696Cr
0.69%
15.59%
28.51%
23.13%
ICICI Prudential Business Cycle Fund Direct Growth
2/39
11,894Cr
0.74%
11.53%
26.18%
23.16%
Nippon India Power & Infra Fund Direct Growth
7/39
7,026Cr
1.03%
4.53%
34.06%
15.6%

Union Business Cycle Fund Returns Calculator

Calculate SIP and lumpsum returns based on historical performance

  • 1-time

  • SIP

Total Investment

0

Profit


Total Corpus

0

Absolute Return

Union Business Cycle Fund Asset Allocation

See fund asset allocation details as on (15-Apr-25)

Fund Distribution

as on (15-Apr-25)

Equity 96.5%

Debt & Cash 3.5%

Large cap
65.2%

Mid cap
23.8%

Small cap
7.5%

Mid Cap allocation has gone down from 24.6% to 24.1%
Mid Cap allocation has gone down from 24.6% to 24.1%
Large Cap allocation has gone up from 64.5% to 65.5%
Large Cap allocation has gone up from 64.5% to 65.5%
Small Cap allocation has gone up from 5.5% to 8.1%
Small Cap allocation has gone up from 5.5% to 8.1%
Cash allocation has gone down from 5.3% to 2.3%
Cash allocation has gone down from 5.3% to 2.3%
Debt allocation has gone down from 0.1% to 0%
Debt allocation has gone down from 0.1% to 0%

Union Business Cycle Fund Sector Allocation

See fund sector allocation details as on (15-Apr-25)

Sector Allocation

Equity 96.5%

Debt & Cash 3.5%

Financial Services
23.7%
Industrial
17.5%
Consumer Cyclical
15.1%
Basic Materials
11%
Tech
9.5%
Health
8.9%
Communication
8.2%
Energy
4.2%
Real Estate
1.8%

Top 3 Sectors in March were Financial Services, Industrial & Consumer Cyclical

Mar'25

Financial Services

31%

Industrial

15%

Basic Materials

12%

Feb'25

Financial Services

30%

Industrial

15%

Consumer Cyclical

14%

Union Business Cycle Fund Holdings Details

as on (30-Apr-25)

Equity

Debt & Cash

Holdings
Weight%
1M Change
HDFC Bank Ltd
8.13%
3.1%
ICICI Bank Ltd
6.73%
0%
Bharti Airtel Ltd
6.1%
9.8%
Reliance Industries Ltd
4.58%
33.6%
Infosys Ltd
3.49%
-21%
Top Stocks bought last month
Reliance Industries Ltd's allocation increased from 2.97% to 3.93%
Reliance Industries Ltd's allocation increased from 2.97% to 3.93%
Shriram Finance Ltd's allocation increased from 1.04% to 1.97%
Shriram Finance Ltd's allocation increased from 1.04% to 1.97%
Bharti Airtel Ltd's allocation increased from 4.93% to 5.58%
Bharti Airtel Ltd's allocation increased from 4.93% to 5.58%
Top Stocks sold last month
Infosys Ltd's allocation decreased from 5.21 % to 3.58 %
Infosys Ltd's allocation decreased from 5.21 % to 3.58 %
UltraTech Cement Ltd's allocation decreased from 3.52 % to 3.47 %
UltraTech Cement Ltd's allocation decreased from 3.52 % to 3.47 %
Larsen & Toubro Ltd's allocation decreased from 3.54 % to 3.1 %
Larsen & Toubro Ltd's allocation decreased from 3.54 % to 3.1 %

Union Business Cycle Fund Direct Growth Overview

Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.

Expense ratio0.74%
Benchmark
Nifty 500 TR INR
AUM₹564 Cr
Inception Date5 March, 2024
Min Lumpsum/SIP₹1000/₹500
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
0.2%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

About Union Business Cycle Fund

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

Key Parameters

  1. Union Business Cycle Fund Direct Growth has ₹564 Cr worth of assets under management (AUM) as on Mar 2025 and is less than category average.
  2. The fund has an expense ratio 0.7.

Returns

Union Business Cycle Fund Direct Growth has given a CAGR return of 6.86% since inception. Over the last 1 year the fund has given a CAGR return of 5.97%.

Holdings

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

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 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.

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 Manager

Harshad Patwardhan

Fund Manager of Union Business Cycle Fund Direct Growth, since 1 November 2024

Pratik Dharmshi

Fund Manager of Union Business Cycle Fund Direct Growth, since 9 December 2024

Learn more about Union Mutual Fund
Parameters
Mar'25
Feb'25
Jan'25
AUM
₹ 550 Cr
₹ 513 Cr
₹ 585.1 Cr
  • AUM of the fund stands at 550 Cr as of Mar'25
  • AUM increased by 37 Cr between Mar'25 and Feb'25

Frequently Asked Questions for Union Business Cycle Fund Direct Growth

What is the current NAV of Union Business Cycle Fund Direct Growth?

The current NAV of Union Business Cycle Fund Direct Growth is ₹10.89 as on 14-May-2025.

What are the average returns of Union Business Cycle Fund Direct Growth?

Existing (Absolute + CAGR) as on 14-May-2025.
Union Business Cycle Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
6.6%
6.6%
6 Month Returns
-0.64%
-0.64%
1 Year Returns
5.97%
5.97%
3 Years Returns
0%
0%

How do I invest in Union Business Cycle Fund Direct Growth?

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.

What is the expense ratio of Union Business Cycle Fund Direct Growth?

0.74% as on April 2025

What is net assets under management (AUM) of Union Business Cycle Fund Direct Growth?

₹564 Cr as on April 2025

What are the top 5 holdings of Union Business Cycle Fund Direct Growth?

HDFC Bank Ltd(8.13%), ICICI Bank Ltd(6.73%), Bharti Airtel Ltd(6.1%), Reliance Industries Ltd(4.58%), Infosys Ltd(3.49%) as on April 2025

What are the top 3 sectors that this Union Business Cycle Fund Direct Growth has invested in?

Financial Services(31.63%), Industrial(13.82%), Basic Materials(10.7%) as on April 2025

What is the alpha of Union Business Cycle Fund Direct Growth?

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
-3.17
-
-
As on April 2025
The alpha for Union Business Cycle Fund Direct Growth is calculated against 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%.

What is the beta of Union Business Cycle Fund Direct Growth??

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
0.95
-
-
As on April 2025
The Beta for Union Business Cycle Fund Direct Growth is calculated with 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.

What is the sharpe ratio of Union Business Cycle Fund Direct Growth?

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
-0.17
-
-
As on April 2025
The sharpe ratio for Union Business Cycle Fund Direct Growth is calculated with 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.

What is the standard deviation of Union Business Cycle Fund Direct Growth?

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
16.73
-
-
As on April 2025
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.

Who is the manager of Union Business Cycle Fund Direct Growth?

Harshad Patwardhan, Pratik Dharmshi are the fund managers of Union Business Cycle Fund Direct Growth

What is the exit load of Union Business Cycle Fund Direct Growth?

The Exit load of Union Business Cycle Fund Direct Growth is 1%