Union Business Cycle Fund
The Schemeseeks 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.
Growthvine rating: 2/5 — ranked #114 of 184 in category.
Fund basics
| Category | Equity: Thematic |
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| NAV | ₹11.25 (as of 2026-10-01) |
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| AUM | ₹510 Cr |
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| Expense ratio | 2.09% |
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| Riskometer | Very High |
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| Fund manager | Harshad Patwardhan |
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| Exit load | 1% for redemption within 1 year |
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Performance & risk
| Standard deviation | 0.00% |
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| Max drawdown | −20.38% |
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| Alpha | 0 |
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| Beta | 0 |
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Over 5 years, captured 97.6% of Nifty 500's upside and 96.0% of its downside.
Market cap allocation
| Large cap | 44.8% |
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| Mid cap | 22.1% |
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| Small cap | 33.1% |
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Concentration
| Top 5 holdings | 19.8% |
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| Top 10 holdings | 31.9% |
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| Total holdings | 60 |
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Top holdings
- ICICI Bank Ltd. — 6.4%
- Larsen & Toubro Limited — 4.2%
- TREPS — 4.1%
- One 97 Communications Limited — 3.3%
- AXIS Bank Ltd. — 3.0%
- Shriram Finance Limited — 2.8%
- HDFC Bank Ltd. — 2.8%
- COFORGE LIMITED — 2.5%
- Sona BLW Precision Forgings Limited — 2.3%
- Bharat Heavy Electricals Ltd. — 2.3%
Top sectors
- Banking & Financial — 19.6%
- Pharma & Biotech — 6.8%
- Construction — 6.5%
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | −1.1% | Q2 | #67 of 167 |
| 2025 | 1.4% | Q3 | #84 of 132 |