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 #117 of 186 in category.
Fund basics
| Category | Equity: Thematic |
|---|
| NAV | ₹10.78 (as of 2026-10-23) |
|---|
| AUM | ₹485 Cr |
|---|
| Expense ratio | 2.09% |
|---|
| Riskometer | Very High |
|---|
| Fund manager | Harshad Patwardhan |
|---|
| Exit load | 1% for redemption within 1 year |
|---|
Performance & risk
| Standard deviation | 0.00% |
|---|
| Max drawdown | −20.38% |
|---|
| Alpha | 0 |
|---|
| Beta | 0 |
|---|
Over 5 years, captured 97.6% of Nifty 500's upside and 96.0% of its downside.
Market cap allocation
| Large cap | 47.1% |
|---|
| Mid cap | 17.5% |
|---|
| Small cap | 35.4% |
|---|
Concentration
| Top 5 holdings | 18.9% |
|---|
| Top 10 holdings | 30.7% |
|---|
| Total holdings | 61 |
|---|
Top holdings
- ICICI Bank Ltd. — 6.3%
- TREPS — 5.4%
- Larsen & Toubro Limited — 3.6%
- AXIS Bank Ltd. — 3.4%
- HDFC Bank Ltd. — 2.9%
- One 97 Communications Limited — 2.6%
- Sona BLW Precision Forgings Limited — 2.5%
- Sai Life Sciences Limited — 2.5%
- Shriram Finance Limited — 2.3%
- Bharat Heavy Electricals Ltd. — 2.3%
Top sectors
- Banking & Financial — 20.9%
- Pharma & Biotech — 7.8%
- Textiles — 6.1%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −5.2% | Q2 | #65 of 167 |
| 2025 | 1.4% | Q3 | #84 of 132 |