Union Business Cycle Fund Direct Growth

Fund Overview

Fund Size

₹512 Cr

Expense Ratio

1.03%

ISIN

INF582M01JQ0

Minimum SIP

₹1,000

Exit Load

1.00%

Inception Date

05 Mar 2024

About this fund

Union Business Cycle Fund Direct Growth is a Equity - Other mutual fund schemes offered by Union Mutual Fund. This fund has been in existence for 2 years and 4 months, having been launched on 05-Mar-24.
As of 03-Jul-26, it has a Net Asset Value (NAV) of ₹12.13, Assets Under Management (AUM) of 511.53 Crores, and an expense ratio of 1.03%.

Union Business Cycle Fund Direct Growth has given a CAGR return of 8.65% since inception.
The fund's asset allocation comprises around 95.76% in equities, 0.00% in debts, and 4.21% 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

+5.75%

— (Cat Avg.)

Since Inception

+8.65%

— (Cat Avg.)

Portfolio Summaryas of 31st May 2026

Equity	₹489.83 Cr	95.76%
Others	₹21.54 Cr	4.21%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
ICICI Bank Ltd	Equity	₹33.15 Cr	6.48%
Treps	Cash - Repurchase Agreement	₹23.44 Cr	4.58%
Bharat Heavy Electricals Ltd	Equity	₹21.22 Cr	4.15%
Axis Bank Ltd	Equity	₹21.02 Cr	4.11%
Solar Industries India Ltd	Equity	₹18.13 Cr	3.54%
Larsen & Toubro Ltd	Equity	₹17.32 Cr	3.39%
Cummins India Ltd	Equity	₹16.63 Cr	3.25%
GE Vernova T&D India Ltd	Equity	₹15.09 Cr	2.95%
Bharat Electronics Ltd	Equity	₹15.05 Cr	2.94%
Power Mech Projects Ltd	Equity	₹13.95 Cr	2.73%
Tata Steel Ltd	Equity	₹13.76 Cr	2.69%
JSW Energy Ltd	Equity	₹12.48 Cr	2.44%
Data Patterns (India) Ltd	Equity	₹12.29 Cr	2.40%
HDFC Bank Ltd	Equity	₹12.21 Cr	2.39%
Acutaas Chemicals Ltd	Equity	₹11.79 Cr	2.30%
Reliance Industries Ltd	Equity	₹11.48 Cr	2.24%
Max Financial Services Ltd	Equity	₹10.97 Cr	2.14%
Navin Fluorine International Ltd	Equity	₹10.31 Cr	2.02%
Tata Motors Passenger Vehicles Ltd	Equity	₹10.15 Cr	1.98%
Ujjivan Small Finance Bank Ltd Ordinary Shares	Equity	₹9.88 Cr	1.93%
Sai Life Sciences Ltd	Equity	₹9.06 Cr	1.77%
Sona BLW Precision Forgings Ltd	Equity	₹8.98 Cr	1.76%
PVR INOX Ltd	Equity	₹8.55 Cr	1.67%
One97 Communications Ltd	Equity	₹8.1 Cr	1.58%
Motherson Sumi Wiring India Ltd	Equity	₹7.91 Cr	1.55%
KEI Industries Ltd	Equity	₹7.68 Cr	1.50%
Aurobindo Pharma Ltd	Equity	₹7.67 Cr	1.50%
State Bank of India	Equity	₹7.49 Cr	1.46%
Multi Commodity Exchange of India Ltd	Equity	₹7.39 Cr	1.45%
Mphasis Ltd	Equity	₹7.35 Cr	1.44%
Apollo Hospitals Enterprise Ltd	Equity	₹7.31 Cr	1.43%
InterGlobe Aviation Ltd	Equity	₹6.96 Cr	1.36%
UltraTech Cement Ltd	Equity	₹6.7 Cr	1.31%
IndusInd Bank Ltd	Equity	₹6.48 Cr	1.27%
Cemindia Projects Ltd	Equity	₹5.83 Cr	1.14%
ZF Commercial Vehicle Control Systems India Ltd	Equity	₹5.53 Cr	1.08%
JSW Steel Ltd	Equity	₹5.32 Cr	1.04%
Maruti Suzuki India Ltd	Equity	₹5.11 Cr	1.00%
Suzlon Energy Ltd	Equity	₹5.11 Cr	1.00%
Bank of Maharashtra	Equity	₹5.1 Cr	1.00%
Aarti Industries Ltd	Equity	₹5 Cr	0.98%
Garden Reach Shipbuilders & Engineers Ltd	Equity	₹4.37 Cr	0.85%
Fusion Finance Ltd	Equity	₹4.35 Cr	0.85%
Arvind Ltd	Equity	₹4.24 Cr	0.83%
Jindal Steel Ltd	Equity	₹4 Cr	0.78%
360 One Wam Ltd Ordinary Shares	Equity	₹3.79 Cr	0.74%
SBI Life Insurance Co Ltd	Equity	₹3.74 Cr	0.73%
Bandhan Bank Ltd	Equity	₹3.62 Cr	0.71%
Mankind Pharma Ltd	Equity	₹3.51 Cr	0.69%
Zen Technologies Ltd	Equity	₹3.5 Cr	0.69%
Jindal Saw Ltd	Equity	₹2.75 Cr	0.54%
K.P.R. Mill Ltd	Equity	₹2.74 Cr	0.54%
Amber Enterprises India Ltd Ordinary Shares	Equity	₹2.59 Cr	0.51%
Krishna Institute of Medical Sciences Ltd	Equity	₹2.51 Cr	0.49%
CreditAccess Grameen Ltd Ordinary Shares	Equity	₹2.51 Cr	0.49%
Net Receivable / Payable	Cash - Collateral	₹-2.39 Cr	0.47%
Syngene International Ltd	Equity	₹2.37 Cr	0.46%
Corona Remedies Ltd	Equity	₹2.31 Cr	0.45%
Hindustan Copper Ltd	Equity	₹2.26 Cr	0.44%
Gokaldas Exports Ltd	Equity	₹1.76 Cr	0.34%
Indo Count Industries Ltd	Equity	₹1.41 Cr	0.27%
09/07/2026 Maturing 364 DTB	Bond - Gov't/Treasury	₹0.49 Cr	0.10%
Tvs Motor Company Limited	Preferred Stock	₹0.16 Cr	0.03%

Allocation By Market Cap (Equity)

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Industrials	₹145 Cr	28.35%
Financial Services	₹131.68 Cr	25.74%
Basic Materials	₹80.02 Cr	15.64%
Consumer Cyclical	₹50.42 Cr	9.86%
Healthcare	₹34.74 Cr	6.79%
Technology	₹15.45 Cr	3.02%
Utilities	₹12.48 Cr	2.44%
Energy	₹11.48 Cr	2.24%
Communication Services	₹8.55 Cr	1.67%

Risk & Performance Ratios

Fund Managers

Harshad Patwardhan

Since November 2024

Pratik Dharmshi

Since December 2024

Additional Scheme Detailsas of 31st May 2026

ISIN

INF582M01JQ0

Expense Ratio

1.03%

Exit Load

1.00%

Fund Size

₹512 Cr

Age

2 years 4 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
DSP Nifty Midcap 150 Quality 50 ETF Very High Risk	0.3%	-	₹98.69 Cr	-2.9%
NJ Momentum Fund Direct Growth Very High Risk	-	0.0%	-	-
NJ Momentum Fund Regular Growth Very High Risk	-	0.0%	-	-
360 ONE MSCI India ETF Very High Risk	0.4%	-	₹6.32 Cr	-
Titanium Equity Long-Short Fund Regular Growth Very High Risk	-	1.0%	₹207.85 Cr	-
Titanium Equity Long-Short Fund Direct Growth Very High Risk	-	1.0%	₹207.85 Cr	-
qsif Sector Rotation Long-Short Fund Regular Growth Very High Risk	2.5%	1.0%	-	-
qsif Sector Rotation Long-Short Fund Direct Growth Very High Risk	0.9%	1.0%	-	-
WSIF Equity Ex-Top 100 Long-Short Fund Regular Growth Very High Risk	-	0.0%	₹16.15 Cr	-
WSIF Equity Ex-Top 100 Long-Short Fund Direct Growth Very High Risk	-	0.0%	₹16.15 Cr	-
Motilal Oswal BSE Select IPO ETF Very High Risk	0.5%	-	₹5.23 Cr	-
SBI Nifty Midcap 150 Momentum 50 ETF Very High Risk	0.3%	-	₹9.21 Cr	-
Aditya Birla Sun Life MSCI India ETF Very High Risk	0.2%	-	₹10.00 Cr	-
ITI Business Cycle Fund Regular Growth Very High Risk	2.4%	0.0%	₹107.82 Cr	-
ITI Business Cycle Fund Direct Growth Very High Risk	0.6%	0.0%	₹107.82 Cr	-
Mirae Asset BSE India Defence ETF Very High Risk	0.3%	-	₹96.13 Cr	-
Kotak Services Fund Regular Growth Very High Risk	2.4%	0.0%	₹725.97 Cr	-
Kotak Services Fund Direct Growth Very High Risk	1.0%	0.0%	₹725.97 Cr	-
SBI Quality Fund Direct Growth Very High Risk	0.8%	1.0%	₹2361.00 Cr	-
Mirae Asset BSE India Defence ETF FOF Direct Growth Very High Risk	0.4%	0.0%	₹61.87 Cr	-
Mirae Asset BSE India Defence ETF FOF Regular Growth Very High Risk	0.8%	0.0%	₹61.87 Cr	-
SBI Quality Fund Regular Growth Very High Risk	2.0%	1.0%	₹2361.00 Cr	-
Motilal Oswal Nifty MNC ETF Very High Risk	0.5%	-	₹2.42 Cr	-
JioBlackRock Sector Rotation Fund Direct Growth Very High Risk	0.5%	0.0%	₹150.29 Cr	-
Groww Nifty PSE ETF FOF Regular Growth Very High Risk	0.5%	0.0%	₹11.98 Cr	-
Groww Nifty PSE ETF FOF Direct Growth Very High Risk	0.2%	0.0%	₹11.98 Cr	-
Groww Nifty PSE ETF Very High Risk	0.5%	-	₹17.69 Cr	-
Mahindra Manulife Innovation Opportunities Fund Direct Growth Very High Risk	0.5%	0.0%	₹194.04 Cr	-
Mahindra Manulife Innovation Opportunities Fund Regular Growth Very High Risk	2.1%	0.0%	₹194.04 Cr	-
Groww Nifty Chemicals ETF Very High Risk	0.5%	-	₹11.12 Cr	-
Motilal Oswal Nifty Services Sector ETF Very High Risk	0.5%	-	₹5.35 Cr	-
Groww Nifty Metal ETF Very High Risk	0.5%	-	₹41.26 Cr	-
DSP MSCI INDIA ETF Very High Risk	0.3%	-	₹3.26 Cr	-
Kotak Rural Opportunities Fund Regular Growth Very High Risk	2.4%	0.0%	₹795.34 Cr	-
Kotak Rural Opportunities Fund Direct Growth Very High Risk	0.8%	0.0%	₹795.34 Cr	-
ANGEL ONE NIFTY TOTAL MARKET MOMENTUM QUALITY 50 ETF Very High Risk	0.3%	-	₹7.05 Cr	-
Kotak Nifty Chemicals ETF Very High Risk	0.3%	-	₹94.62 Cr	-
ICICI Prudential Conglomerate Fund Regular Growth Moderately High risk	2.0%	1.0%	₹818.96 Cr	-
ICICI Prudential Conglomerate Fund Direct Growth Moderately High risk	1.0%	1.0%	₹818.96 Cr	-
DSP Nifty500 Flexicap Quality 30 ETF Very High Risk	0.3%	-	₹14.03 Cr	-
Kotak Nifty 200 Momentum 30 ETF Very High Risk	0.2%	-	₹35.83 Cr	-
The Wealth Company Ethical Fund Direct Growth Very High Risk	0.6%	0.0%	₹38.56 Cr	-
The Wealth Company Ethical Fund Regular Growth Very High Risk	2.0%	0.0%	₹38.56 Cr	-
Groww Nifty Realty ETF Very High Risk	0.5%	-	₹15.15 Cr	-
Baroda BNP Paribas Business Conglomerates Fund Direct Growth Very High Risk	0.7%	1.0%	₹666.33 Cr	-
Baroda BNP Paribas Business Conglomerates Fund Regular Growth Very High Risk	2.0%	1.0%	₹666.33 Cr	-
Motilal Oswal Nifty Alpha 50 ETF Very High Risk	0.5%	-	₹6.62 Cr	-
Kotak Active Momentum Fund Direct Growth Very High Risk	0.8%	0.0%	₹1480.27 Cr	-
Kotak Active Momentum Fund Regular Growth Very High Risk	2.1%	0.0%	₹1480.27 Cr	-
Motilal Oswal Special Opportunities Fund Direct Growth Very High Risk	2.4%	1.0%	₹74.13 Cr	-

About the AMC

Union Mutual Fund

+91 022 67483333

https://www.unionmf.com/

Total AUM

₹29,266 Cr

Address

Unit 802, 8th Floor, Tower ‘A’, Mumbai, 400013

Other Funds by Union Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Arthaya Equity Long Short Fund Direct Growth Very High Risk	0.9%	1.0%	-	-
Union Consumption Fund Direct Growth Very High Risk	1.0%	1.0%	₹314.76 Cr	-
Union Diversified Equity All Cap Active FOF Direct Growth Very High Risk	0.4%	1.0%	₹186.53 Cr	-
Union Low Duration Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹546.79 Cr	-
Union Income Plus Arbitrage Active FOF Direct Growth Low to Moderate Risk	0.1%	0.0%	₹64.35 Cr	4.8%
Union Gold ETF Fund of Fund Direct Growth High Risk	0.3%	1.0%	₹169.11 Cr	46.9%
Union Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹109.66 Cr	5.5%
Union Active Momentum Fund Direct Growth Very High Risk	0.9%	1.0%	₹474.55 Cr	9.1%
Union Multi Asset Allocation Fund Direct Growth Very High Risk	0.9%	1.0%	₹963.51 Cr	15.1%
Union Business Cycle Fund Direct Growth Very High Risk	1.0%	1.0%	₹511.53 Cr	5.8%
Union Children's Fund Direct Growth Very High Risk	1.1%	0.0%	₹85.11 Cr	3.0%
Union Innovation & Opportunities Fund Direct Growth Very High Risk	0.7%	1.0%	₹1142.04 Cr	10.5%
Union Fixed Maturity Plan 1114 Days Series 13 Direct Growth Low Risk	-	0.0%	₹25.17 Cr	6.0%
Union Small Cap Fund Direct Growth Very High Risk	0.8%	1.0%	₹2094.49 Cr	16.0%
Union Hybrid Equity Fund Direct Growth Very High Risk	1.1%	1.0%	₹708.23 Cr	2.2%
Union Medium Duration Fund Direct Growth Moderate Risk	0.6%	1.0%	₹80.25 Cr	8.2%
Union Value Discovery Fund Direct Growth Very High Risk	1.1%	1.0%	₹374.79 Cr	1.9%
Union Multicap Fund Direct Growth Very High Risk	0.8%	1.0%	₹1357.21 Cr	7.8%
Union Balanced Advantage Fund Direct Growth Very High Risk	0.9%	1.0%	₹1218.20 Cr	2.1%
Union Equity Savings Fund Direct Growth Moderately High risk	1.3%	1.0%	₹140.57 Cr	3.7%
Union Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹242.48 Cr	6.4%
Union Tax Saver (ELSS) Fund Direct Growth Very High Risk	1.2%	0.0%	₹835.04 Cr	0.7%
Union Dynamic Bond Fund Direct Growth Moderate Risk	1.1%	1.0%	₹92.20 Cr	2.2%
Union Flexi Cap Fund Direct Growth Very High Risk	0.8%	1.0%	₹2289.44 Cr	1.7%
Union Liquid Direct Growth Low to Moderate Risk	0.1%	0.0%	₹8781.92 Cr	6.4%
Union Midcap Fund Direct Growth Very High Risk	0.7%	1.0%	₹1771.27 Cr	8.5%
Union Gilt Fund Direct Growth Moderate Risk	0.6%	0.0%	₹87.36 Cr	2.1%
Union Largecap Fund Direct Growth Very High Risk	1.3%	1.0%	₹436.36 Cr	-1.7%
Union Retirement Fund Direct Growth Very High Risk	1.0%	0.0%	₹198.13 Cr	5.7%
Union Corporate Bond Fund Direct Growth Moderate Risk	0.3%	1.0%	₹434.30 Cr	4.9%
Union Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹705.31 Cr	5.3%
Union Focused Fund Direct Growth Very High Risk	1.3%	1.0%	₹428.83 Cr	6.8%
Union Money Market Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹1135.78 Cr	6.7%
Union Large & Midcap Fund Direct Growth Very High Risk	0.9%	1.0%	₹932.69 Cr	4.1%

Risk Level

Your principal amount will be at Very High Risk

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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-2026, is ₹12.13.

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

The fund's allocation of assets is distributed as 95.76% in equities, 0.00% in bonds, and 4.21% 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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Union Business Cycle Fund Direct Growth

Fund Overview