Union Business Cycle Fund Direct Growth

Fund Overview

Fund Size

₹574 Cr

Expense Ratio

0.78%

ISIN

INF582M01JQ0

Minimum SIP

₹1,000

Exit Load

1.00%

Inception Date

05 Mar 2024

About this fund

This fund has been in existence for 1 years, 3 months and 29 days, having been launched on 05-Mar-24.
As of 03-Jul-25, it has a Net Asset Value (NAV) of ₹11.47, Assets Under Management (AUM) of 574.07 Crores, and an expense ratio of 0.78%.

Union Business Cycle Fund Direct Growth has given a CAGR return of 10.88% since inception.
The fund's asset allocation comprises around 97.12% in equities, 0.10% in debts, and 2.77% in cash & cash equivalents.
You can start investing in Union Business Cycle Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹1000.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

-0.95%

— (Cat Avg.)

Since Inception

+10.88%

— (Cat Avg.)

Portfolio Summaryas of 31st May 2025

Equity	₹557.56 Cr	97.12%
Debt	₹0.58 Cr	0.10%
Others	₹15.93 Cr	2.77%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
HDFC Bank Ltd	Equity	₹46.34 Cr	8.07%
ICICI Bank Ltd	Equity	₹38.47 Cr	6.70%
Bharti Airtel Ltd	Equity	₹31.39 Cr	5.47%
Infosys Ltd	Equity	₹21.85 Cr	3.81%
Reliance Industries Ltd	Equity	₹20.46 Cr	3.56%
Solar Industries India Ltd	Equity	₹18.13 Cr	3.16%
Bharat Electronics Ltd	Equity	₹16.01 Cr	2.79%
Treps	Cash - Repurchase Agreement	₹15.95 Cr	2.78%
Larsen & Toubro Ltd	Equity	₹15.7 Cr	2.74%
State Bank of India	Equity	₹14.89 Cr	2.59%
UltraTech Cement Ltd	Equity	₹14.53 Cr	2.53%
Shriram Finance Ltd	Equity	₹13.73 Cr	2.39%
InterGlobe Aviation Ltd	Equity	₹13.06 Cr	2.28%
Hindustan Aeronautics Ltd Ordinary Shares	Equity	₹13.03 Cr	2.27%
GE Vernova T&D India Ltd	Equity	₹12.37 Cr	2.15%
Dixon Technologies (India) Ltd	Equity	₹11.85 Cr	2.06%
Max Healthcare Institute Ltd Ordinary Shares	Equity	₹11.12 Cr	1.94%
Tata Consultancy Services Ltd	Equity	₹10.96 Cr	1.91%
NTPC Ltd	Equity	₹10.83 Cr	1.89%
Bajaj Finance Ltd	Equity	₹9.78 Cr	1.70%
Indian Hotels Co Ltd	Equity	₹9.44 Cr	1.65%
Apollo Hospitals Enterprise Ltd	Equity	₹9.37 Cr	1.63%
ITC Ltd	Equity	₹8.43 Cr	1.47%
Cummins India Ltd	Equity	₹7.84 Cr	1.37%
Phoenix Mills Ltd	Equity	₹7.73 Cr	1.35%
TVS Motor Co Ltd	Equity	₹7.59 Cr	1.32%
Sun Pharmaceuticals Industries Ltd	Equity	₹7.48 Cr	1.30%
Cholamandalam Investment and Finance Co Ltd	Equity	₹7.37 Cr	1.28%
Max Financial Services Ltd	Equity	₹7.36 Cr	1.28%
Kaynes Technology India Ltd	Equity	₹7.29 Cr	1.27%
Balrampur Chini Mills Ltd	Equity	₹7.18 Cr	1.25%
Maruti Suzuki India Ltd	Equity	₹7.05 Cr	1.23%
Amber Enterprises India Ltd Ordinary Shares	Equity	₹6.67 Cr	1.16%
JK Cement Ltd	Equity	₹6.43 Cr	1.12%
Jio Financial Services Ltd	Equity	₹6.34 Cr	1.10%
Multi Commodity Exchange of India Ltd	Equity	₹6.3 Cr	1.10%
SBI Cards and Payment Services Ltd Ordinary Shares	Equity	₹5.89 Cr	1.03%
Gokaldas Exports Ltd	Equity	₹5.75 Cr	1.00%
UNO Minda Ltd	Equity	₹5.74 Cr	1.00%
BSE Ltd	Equity	₹5.63 Cr	0.98%
Navin Fluorine International Ltd	Equity	₹5.53 Cr	0.96%
Lupin Ltd	Equity	₹5.48 Cr	0.96%
CG Power & Industrial Solutions Ltd	Equity	₹5.18 Cr	0.90%
UPL Ltd	Equity	₹4.97 Cr	0.87%
K.P.R. Mill Ltd	Equity	₹4.78 Cr	0.83%
Nippon Life India Asset Management Ltd Ordinary Shares	Equity	₹4.61 Cr	0.80%
KEI Industries Ltd	Equity	₹4.53 Cr	0.79%
Brigade Enterprises Ltd	Equity	₹4.46 Cr	0.78%
Jubilant Foodworks Ltd	Equity	₹4.23 Cr	0.74%
Alivus Life Sciences Ltd	Equity	₹3.96 Cr	0.69%
Campus Activewear Ltd	Equity	₹3.94 Cr	0.69%
AAVAS Financiers Ltd	Equity	₹3.79 Cr	0.66%
Tata Steel Ltd	Equity	₹3.78 Cr	0.66%
Hindustan Petroleum Corp Ltd	Equity	₹2.82 Cr	0.49%
Jindal Steel & Power Ltd	Equity	₹2.74 Cr	0.48%
Acutaas Chemicals Ltd	Equity	₹2.71 Cr	0.47%
Hindalco Industries Ltd	Equity	₹2.69 Cr	0.47%
Net Receivable / Payable	Cash - Collateral	₹-0.63 Cr	0.11%
182 DTB 05062025	Bond - Gov't/Treasury	₹0.6 Cr	0.10%
364 DTB 04122025	Bond - Gov't/Treasury	₹0.58 Cr	0.10%

Allocation By Market Cap (Equity)

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹170.5 Cr	29.70%
Industrials	₹95.01 Cr	16.55%
Basic Materials	₹61.51 Cr	10.71%
Consumer Cyclical	₹55.18 Cr	9.61%
Technology	₹44.65 Cr	7.78%
Healthcare	₹37.41 Cr	6.52%
Communication Services	₹31.39 Cr	5.47%
Energy	₹23.28 Cr	4.05%
Consumer Defensive	₹15.61 Cr	2.72%
Real Estate	₹12.2 Cr	2.12%
Utilities	₹10.83 Cr	1.89%

Risk & Performance Ratios

Fund Managers

Harshad Patwardhan

Since November 2024

Pratik Dharmshi

Since December 2024

Additional Scheme Detailsas of 31st May 2025

ISIN

INF582M01JQ0

Expense Ratio

0.78%

Exit Load

1.00%

Fund Size

₹574 Cr

Age

1 year 3 months

Lumpsum Minimum

₹1,000

Fund Status

Open Ended Investment Company

Benchmark

Nifty 500 TR INR

Investment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Capital Gains Taxation:

Dividend Taxation:

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Equity - Other Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Motilal Oswal Nifty India Tourism ETF Very High Risk	-	-	-	-
Motilal Oswal Nifty India Manufacturing ETF Very High Risk	0.3%	-	₹5.27 Cr	-
Motilal Oswal Services Fund Direct Growth Very High Risk	-	1.0%	-	-
Motilal Oswal Services Fund Regular Growth Very High Risk	-	1.0%	-	-
ICICI Prudential Quality Fund Direct Growth Very High Risk	0.7%	1.0%	₹1801.45 Cr	-
ICICI Prudential Quality Fund Regular Growth Very High Risk	2.1%	1.0%	₹1801.45 Cr	-
Motilal Oswal Nifty Capital Market ETF Very High Risk	0.5%	-	₹4.63 Cr	-
Mirae Asset BSE Select IPO ETF Very High Risk	0.4%	-	₹18.06 Cr	-
Mirae Asset BSE Select IPO ETF Fund of Fund Regular Growth Very High Risk	1.0%	0.0%	₹9.66 Cr	-
Mirae Asset BSE Select IPO ETF Fund of Fund Direct Growth Very High Risk	0.4%	0.0%	₹9.66 Cr	-
Motilal Oswal Active Momentum Fund Direct Growth Very High Risk	2.6%	1.0%	₹73.03 Cr	-
Motilal Oswal Active Momentum Fund Regular Growth Very High Risk	2.7%	1.0%	₹73.03 Cr	-
Nippon India Active Momentum Fund Regular Growth Very High Risk	1.7%	1.0%	₹180.01 Cr	-
Nippon India Active Momentum Fund Direct Growth Very High Risk	0.7%	1.0%	₹180.01 Cr	-
Groww Nifty 200 ETF Very High Risk	0.3%	-	₹12.13 Cr	-
Groww Nifty 200 ETF FoF Direct Growth Very High Risk	0.1%	1.0%	₹4.05 Cr	-
Groww Nifty 200 ETF FoF Regular Growth Very High Risk	0.7%	1.0%	₹4.05 Cr	-
Invesco India Business Cycle Fund Direct Growth Very High Risk	0.7%	0.0%	₹350.15 Cr	-
Invesco India Business Cycle Fund Regular Growth Very High Risk	2.4%	0.0%	₹350.15 Cr	-
Kotak MSCI India ETF Very High Risk	0.4%	-	₹1174.45 Cr	-
Motilal Oswal Innovation Opportunities Fund Direct Growth Very High Risk	1.0%	1.0%	₹182.41 Cr	-
Motilal Oswal Innovation Opportunities Fund Regular Growth Very High Risk	2.4%	1.0%	₹182.41 Cr	-
Groww Nifty India Railways PSU ETF Very High Risk	0.5%	-	₹56.78 Cr	-
ICICI Prudential Rural Opportunities Fund Regular Growth Moderate Risk	2.2%	1.0%	₹1371.41 Cr	-
ICICI Prudential Rural Opportunities Fund Direct Growth Moderate Risk	1.0%	1.0%	₹1371.41 Cr	-
WhiteOak Capital Quality Equity Fund Direct Growth Very High Risk	0.6%	1.0%	₹470.05 Cr	-
WhiteOak Capital Quality Equity Fund Regular Growth Very High Risk	2.4%	1.0%	₹470.05 Cr	-
UTI Quant Fund Regular Growth Very High Risk	2.0%	1.0%	₹1617.81 Cr	-
UTI Quant Fund Direct Growth Very High Risk	0.3%	1.0%	₹1617.81 Cr	-
ICICI Prudential Nifty Auto ETF Very High Risk	0.2%	-	₹124.61 Cr	-4.1%
ICICI Prudential Nifty 200 Quality 30 ETF Very High Risk	0.3%	-	₹182.64 Cr	1.1%
ICICI Prudential Nifty Alpha Low Volatility 30 ETF Very High Risk	0.4%	-	₹1774.63 Cr	-3.7%
Mirae Asset Nifty India New Age Consumption ETF Very High Risk	0.3%	-	₹26.38 Cr	-
Mirae Asset Nifty India New Age Consumption ETF Fund of Fund Regular Growth Very High Risk	0.9%	0.0%	₹13.57 Cr	-
Mirae Asset Nifty India New Age Consumption ETF Fund of Fund Direct Growth Very High Risk	0.5%	0.0%	₹13.57 Cr	-
Edelweiss BSE Capital Markets & Insurance ETF Very High Risk	0.3%	-	₹15.08 Cr	-
Aditya Birla Sun Life Conglomerate Fund Regular Growth Very High Risk	2.1%	0.0%	₹1580.44 Cr	-
Aditya Birla Sun Life Conglomerate Fund Direct Growth Very High Risk	0.6%	0.0%	₹1580.44 Cr	-
SBI Quant Fund Regular Growth Very High Risk	1.9%	0.0%	₹3750.13 Cr	-
SBI Quant Fund Direct Growth Very High Risk	0.7%	0.0%	₹3750.13 Cr	-
Quantum Ethical Fund Direct Growth Very High Risk	0.8%	1.0%	₹57.47 Cr	-
Quantum Ethical Fund Regular Growth Very High Risk	2.1%	1.0%	₹57.47 Cr	-
Union Active Momentum Fund Direct Growth Very High Risk	1.1%	1.0%	₹445.30 Cr	-
Union Active Momentum Fund Regular Growth Very High Risk	2.4%	1.0%	₹445.30 Cr	-
DSP Business Cycle Fund Direct Growth Very High Risk	0.7%	0.0%	₹1082.24 Cr	-
DSP Business Cycle Fund Regular Growth Very High Risk	2.2%	0.0%	₹1082.24 Cr	-
Axis Momentum Fund Regular Growth Very High Risk	2.1%	1.0%	₹1323.56 Cr	-
Axis Momentum Fund Direct Growth Very High Risk	0.5%	1.0%	₹1323.56 Cr	-
Kotak Transportation & Logistics Fund Direct Growth Very High Risk	0.8%	0.0%	₹391.48 Cr	-
Kotak Transportation & Logistics Fund Regular Growth Very High Risk	2.4%	0.0%	₹391.48 Cr	-

Risk Level

Your principal amount will be at Very High Risk

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Still got questions?
We're here to help.

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

The NAV of Union Business Cycle Fund Direct Growth, as of 03-Jul-2025, is ₹11.47.

What is the portfolio composition of Union Business Cycle Fund Direct Growth?

The fund's allocation of assets is distributed as 97.12% in equities, 0.10% in bonds, and 2.77% in cash and cash equivalents.

Who manages the Union Business Cycle Fund Direct Growth?

The fund managers responsible for Union Business Cycle Fund Direct Growth are:-

Harshad Patwardhan
Pratik Dharmshi

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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Fund Overview

Fund Size

₹574 Cr

Expense Ratio

0.78%

ISIN

INF582M01JQ0

Minimum SIP

₹1,000

Exit Load

1.00%

Inception Date

05 Mar 2024

Risk Level

Your principal amount will be at Very High Risk