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Mutual fundsSIF

Union Business Cycle Fund - Direct Plan - Growth

NAVs of 8 Nov 2026

Union Mutual Fund · Equity fund · Direct plan · Growth

Sectoral / ThematicDirect · GrowthRisk: Very High
NAV · 6 Nov 2026
₹12.2400 ▲ 0.91%
Union Mutual Fund
Fund size₹511 crJuly - September 2026
1-month range₹11.16 – 12.24
1 year+5.34%rank 90 of 204
Expense ratio1.78%direct plan, a year
5 years–a year

What the fund does

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.

BenchmarkNifty 500 Index (TRI) Nifty Benchmark Disclaimer: The “Product” offered by “the issuer” is not sponsored, endorsed, sold or promoted by NSE Indices Limited (Formerly Indian Index Services & Products Limited) (IISL). NSE Indices Limited does not make any representation or warranty, express or implied (including warranties of merchantability or fitness for particular purpose or use) and disclaims all liability to the owners of “the Product” or any member of the public regarding the advisability of investing in securities generally or in the “the Product” linked to Nifty 500 Index or particularly in the ability of the Nifty 500 Index, to track general stock market performance in India. The relationship of NSE INDICES LIMITED to the Issuer is only in respect of the licensing of the Indices and certain trademarks and trade names associated with such Indices which is determined, composed and calculated by NSE INDICES LIMITED without regard to the Issuer or the Product(s). NSE INDICES LIMITED does not have any obligation to take the needs of the Issuer or the owners of the Product(s) into consideration in determining, composing or calculating the NIFTY 500 Index. NSE INDICES LIMITED is not responsible for or has participated in the determination of the timing of, prices at, or quantities of the Product(s) to be issued or in the determination or calculation of the equation by which the Product(s) is to be converted into cash. NSE INDICES LIMITED has no obligation or liability in connection with the administration, marketing or trading of the Product(s).
Launched5 Mar 2024
Fund houseUnion Mutual Fund
Fund managersFM 1 - Mr. Harshad PatwardhanFM 2 - Mr. Pratik Dharmshi

NAV history

111212 2026-08-122026-08-252026-09-072026-09-212026-10-052026-10-162026-10-30

Returns

1 week
+6.62%avg 5.2%
1 month
+3.90%avg 3.0%
3 months
-0.24%avg -1.6%
6 months
+3.20%avg 3.7%
This year
+4.97%avg 4.5%
1 year
+5.34%avg 5.5% · #90/204

Bars: this plan; the thin mark is the Sectoral / Thematic average (direct plans, growth option). Over a year: yearly averages (CAGR). Past returns do not guarantee future returns. Information only, not investment advice.

Monthly returns (%)

YearJanFebMarAprMayJunJulAugSepOctNovDec
2024+1.0
2025-6.6-8.1+7.1+1.9+4.2+4.0-2.3-1.2+2.2+3.6+0.2-1.0
2026-1.7+2.1-11.9+11.4+2.0+3.2-0.4+2.7-5.3-2.0+6.6

Each month's change in NAV (the current month to the latest NAV).

What if you had invested?

Worked out from this plan's actual NAVs. SIP: invested on the first NAV of each month. Taxes and exit loads are not included. Past returns do not guarantee future returns. Information only, not investment advice.

Portfolio as on 31 Oct 2026

Stocks held6265 lines in all
Top 10 stocks31.9%of the fund
Short positions-0.4%sold through derivatives
Net equity95.8%long stocks and derivatives minus shorts

Where the money is

Equity 96.2%Money market 0.1%Cash & others 3.7%Short -0.4%

Sectors (stocks held)

Banks
18.9%
Pharmaceuticals & Biotechnology
7.9%
IT - Software
6.5%
Construction
6.2%
Textiles & Apparels
5.8%
Chemicals & Petrochemicals
5.6%
Auto Components
4.3%
Electrical Equipment
3.9%

Changes since 30 Sept 2026

Share of fund31 Oct 202630 Sept 2026Change
Stocks held96.2%94.7%+1.52
Short positions-0.4%-0.3%-0.14
Money market0.1%0.2%-0.08
Cash & others3.7%5.2%-1.44
Top 10 stocks31.9%30.7%+1.22
Number of stocks6261+1
New stocks 4
  • Eternal Ltd.2.59%
  • Syngene International Ltd.0.50%
  • Balkrishna Industries Ltd.0.49%
  • Cyient Ltd.0.22%
Stocks sold off 3
  • RBL Bank Ltd.was 2.04%
  • Hindustan Copper Ltd.was 1.01%
  • MTAR technologies Ltd.was 0.85%
Bought more 13
  • Kotak Mahindra Bank Ltd.+1.24
  • Bharti Airtel Ltd.+1.24
  • ICICI Bank Ltd.+1.01
  • Cemindia Projects Ltd.+0.94
  • Coforge Ltd.+0.81
  • Jindal Steel Ltd.+0.51
  • Hindustan Aeronautics Ltd.+0.49
  • Tech Mahindra Ltd.+0.46
  • GO Digit General Insurance Ltd.+0.41
  • PVR Inox Ltd.+0.37
  • Mphasis Ltd.+0.36
  • Axis Bank Ltd.+0.26
  • Sona Blw Precision Forgings Ltd.+0.26
Cut back 12
  • Shriram Finance Ltd.-1.36
  • Krishna Institute of Medical Sciences Ltd.-0.74
  • Apollo Hospitals Enterprise Ltd.-0.73
  • Adani Enterprises Ltd.-0.63
  • Larsen & Toubro Ltd.-0.62
  • HDFC Bank Ltd.-0.44
  • HDFC Life Insurance Company Ltd.-0.35
  • Jindal Saw Ltd.-0.29
  • Hindustan Zinc Ltd.-0.27
  • Fusion Finance Ltd.-0.26
  • Dixon Technologies (India) Ltd.-0.25
  • Ujjivan Small Finance Bank Ltd.-0.25

Change is in percentage points. Bought more and cut back list stocks whose share of the fund moved by at least 0.25 points. A share can also move because the price changed, not only because the fund traded.

Stocks held 62

HoldingSector / type% of fund
ICICI Bank Ltd.
INE090A01021		Banks7.35%
Axis Bank Ltd.
INE238A01034		Banks3.64%
Larsen & Toubro Ltd.
INE018A01030		Construction3.00%
Sona Blw Precision Forgings Ltd.
INE073K01018		Auto Components2.79%
Kotak Mahindra Bank Ltd.
INE237A01036		Banks2.60%
Eternal Ltd.
INE758T01015		Retailing2.59%
One 97 Communications Ltd.
INE982J01020		Financial Technology (Fintech)2.59%
HDFC Bank Ltd.
INE040A01034		Banks2.50%
Bharti Airtel Ltd.
INE397D01024		Telecom - Services2.42%
Navin Fluorine International Ltd.
INE048G01026		Chemicals & Petrochemicals2.41%
Sai Life Sciences Ltd.
INE570L01029		Pharmaceuticals & Biotechnology2.36%
Bharat Heavy Electricals Ltd.
INE257A01026		Electrical Equipment2.32%
Coforge Ltd.
INE591G01025		IT - Software2.32%
Solar Industries India Ltd.
INE343H01029		Chemicals & Petrochemicals2.12%
Tech Mahindra Ltd.
INE669C01036		IT - Software2.10%
Mphasis Ltd.
INE356A01018		IT - Software2.09%
Arvind Ltd.
INE034A01011		Textiles & Apparels2.04%
Reliance Industries Ltd.
INE002A01018		Petroleum Products1.97%
Tata Motors Ltd.
INE1TAE01010		Agricultural, Commercial & Construction Vehicles1.79%
Cipla Ltd.
INE059A01026		Pharmaceuticals & Biotechnology1.79%
State Bank of India
INE062A01020		Banks1.72%
Cemindia Projects Ltd.
INE686A01026		Construction1.61%
Jindal Saw Ltd.
INE324A01032		Industrial Products1.58%
Dixon Technologies (India) Ltd.
INE935N01020		Consumer Durables1.57%
GE Vernova T&D India Ltd.
INE200A01026		Electrical Equipment1.54%
Power Mech Projects Ltd.
INE211R01019		Construction1.54%
PVR Inox Ltd.
INE191H01014		Entertainment1.51%
Aurobindo Pharma Ltd.
INE406A01037		Pharmaceuticals & Biotechnology1.51%
Jindal Steel Ltd.
INE749A01030		Ferrous Metals1.41%
360 ONE WAM Ltd.
INE466L01038		Capital Markets1.41%
Dr. Lal Path labs Ltd.
INE600L01024		Healthcare Services1.32%
Indo Count Industries Ltd.
INE483B01026		Textiles & Apparels1.31%
Hindustan Aeronautics Ltd.
INE066F01020		Aerospace & Defense1.24%
Cummins India Ltd.
INE298A01020		Industrial Products1.19%
Devyani International Ltd.
INE872J01023		Leisure Services1.19%
Zen Technologies Ltd.
INE251B01027		Aerospace & Defense1.14%
Mankind Pharma Ltd.
INE634S01028		Pharmaceuticals & Biotechnology1.13%
Data Patterns (India) Ltd.
INE0IX101010		Aerospace & Defense1.12%
HDFC Life Insurance Company Ltd.
INE795G01014		Insurance1.09%
Ujjivan Small Finance Bank Ltd.
INE551W01018		Banks1.07%
Cholamandalam Investment & Finance Co. Ltd.
INE121A01024		Finance1.04%
Gokaldas Exports Ltd.
INE887G01027		Textiles & Apparels1.03%
Interglobe Aviation Ltd.
INE646L01027		Transport Services1.03%
Aarti Industries Ltd.
INE769A01020		Chemicals & Petrochemicals1.02%
ZF Commercial Vehicle Control Systems India Ltd.
INE342J01019		Auto Components1.01%
Shriram Finance Ltd.
INE721A01047		Finance0.94%
Apollo Hospitals Enterprise Ltd.
INE437A01024		Healthcare Services0.85%
Delhivery Ltd.
INE148O01028		Transport Services0.83%
Fusion Finance Ltd.
INE139R01012		Finance0.83%
Adani Enterprises Ltd.
INE423A01024		Metals & Minerals Trading0.82%
K.P.R. Mill Ltd.
INE930H01031		Textiles & Apparels0.82%
GO Digit General Insurance Ltd.
INE03JT01014		Insurance0.75%
Welspun Corp Ltd.
INE191B01025		Industrial Products0.67%
Corona Remedies Ltd.
INE02ZQ01018		Pharmaceuticals & Biotechnology0.63%
Krishna Institute of Medical Sciences Ltd.
INE967H01025		Healthcare Services0.61%
Filatex India Ltd.
INE816B01035		Textiles & Apparels0.59%
Angel One Ltd.
INE732I01021		Capital Markets0.54%
Wockhardt Ltd.
INE049B01025		Pharmaceuticals & Biotechnology0.51%
Syngene International Ltd.
INE398R01022		Healthcare Services0.50%
Balkrishna Industries Ltd.
INE787D01026		Auto Components0.49%
Hindustan Zinc Ltd.
INE267A01025		Non - Ferrous Metals0.47%
Cyient Ltd.
INE136B01020		IT - Services0.22%

Short positions 1

HoldingSector / type% of fund
Net Receivable / Payable–-0.39%

Debt, money market and cash 2

HoldingSector / type% of fund
TREPS–4.11%
91 Day Treasury Bills
IN002026X255		Sovereign0.09%

From the fund house's monthly portfolio (unionmf.com), as on 31 Oct 2026. Percentages are of the fund's net assets; short positions are negative. Published about ten days after each month ends.

Risk

Volatility16.0%yearly, from daily NAVs
Worst fall-19.84%27 Sept 2024 → 28 Feb 2025
RiskometerVery HighVery High

Volatility: how much the NAV moves, as a yearly figure (higher = bumpier). Worst fall: the biggest drop from a high, in the NAV history we hold (from 15 Mar 2024).

Where it can invest (limits from the scheme document)

Equity and Equity Related Instruments selected on the basis of business cycle
80–100%
of total assets, Equity & Equity related instruments of entity(ies) other than the above entity(ies)
0–20%
of total assets,Money Market Instruments, Other Liquid Instruments and other assets as permitted by SEBI
0–20%
of total assets and Units issued by InvITs
0–10%

The ranges the fund is allowed to hold, not what it holds today.

Fund details

Fund size (average AUM, July - September 2026)₹511 cr across all plans · this plan ₹8.30 cr
Fund houseUnion Mutual Fund
CategoryEquity · Sectoral / Thematic
PlanDirect
OptionGrowth
Expense ratio (TER)Direct 1.78% · Regular 3.03% (6 Nov 2026)
Exit load1% if units are redeemed/switched out on or before completion of 1 year from the date of allotment. Nil if redeemed or switched out after completion of 1 year from the date of allotment of units.
Minimum investment₹1,000 · additional ₹1,000
Scheme code (AMFI)152409
ISININF582M01JQ0
NAV date6 Nov 2026

Scheme details from the fund's scheme summary document filed with AMFI; expense ratios from AMFI's daily filings.

Other plans of this fund

PlanNAV1 year
Direct · IDCW₹12.2400+5.34%
Regular · Growth₹11.8200+4.14%
Regular · IDCW₹11.8200+4.14%

Top Sectoral / Thematic funds (direct plans)

Fund1 year3 years (a year)
Nippon India Taiwan Equity Fund+39.55%+42.38%
HDFC Defence Fund+20.78%+35.14%
HDFC Pharma and Healthcare Fund+28.23%+31.72%
SBI HEALTHCARE OPPORTUNITIES FUND+22.32%+25.68%
HDFC Transportation and Logistics Fund+9.94%+25.29%
Mirae Asset Healthcare Fund+24.35%+25.21%
UTI - Healthcare Fund+18.81%+24.71%
ICICI PRUDENTIAL TRANSPORTATION AND LOGISTICS FUND+11.93%+23.21%
Union Business Cycle Fund+5.34%–

All Sectoral / Thematic funds ranked › · Compare with others ›

← All mutual funds

Information only, not investment advice.

What is the NAV of Union Business Cycle Fund - Direct Plan - Growth today?

₹12.2400 as of 6 Nov 2026, from AMFI's official NAV data.

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

1 year: 5.34%

How does Union Business Cycle Fund rank in its category?

90 of 204 Sectoral / Thematic funds (direct plans, growth option) by 1-year return.

What is the difference between direct and regular plans?

Both invest in the same portfolio. Direct plans are bought straight from the fund house and pay no distributor commission, so their expenses are lower and their NAV grows slightly faster.