Union Business Cycle Fund

Q: What are the returns of this mutual fund scheme?

The Union Business Cycle Fund is a 1 yrs 11 m old fund and has delivered average annual returns of 5.41% since inception. Union Business Cycle Fund Returns 1-Year Since Inception 6.06% 5.41%

Q: How much does this mutual fund charge as expense ratio?

The Union Business Cycle Fund has an expense ratio of 2.5% , representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹11.03-1.25% 1 day change	5.41% p.a.	App exclusive #NA View Ranked Funds	₹537 Cr

Historical NAV & returns

NAV: ₹11.03 as on Feb 02, 2026

This fund Category average

Union Business Cycle Fund overview

AUM (Fund size)	₹537 Cr
Exit load	1.0% Exit load of 1%, if redeemed within 1 year.!
Lock-in Period	Nil
Age	1 yrs 11 m since Feb 13, 2024
Benchmark	NIFTY 500 TRI
Min. investment	SIP: ₹500 & Lumpsum: ₹5000
Expense ratio	2.5% as on Feb 02, 2026
Plan type	Regular
Risk	Very High
Short term capital gains (STCG)	Returns taxed at 20% if you redeem before 1 year
Long term capital gains (LTCG)	After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%

Union Business Cycle Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Feb 03, 2026

Period	This fund	Category average
1 Month	-4.34%	-8.79%
3 Months	-4.42%	-8.32%
6 Months	0.09%	-5.01%
1 Year	6.06%	0.77%

View returns in detail

Asset allocationas on Dec 31, 2025

Large Cap 63.13%

Mid Cap 17.98%

Small Cap 14.98%

Other Cap 0%

Top holdings

HDFC Bank Ltd.5.79%

ICICI Bank Ltd.4.72%

Larsen & Toubro Ltd.4.37%

Bharti Airtel Ltd.4.34%

Top sectors

Financial 28.369999999999997%

Automobile 12.039999999999997%

Capital Goods 11.320000000000002%

Services 8.67%

Credit quality

Bifurcation by Credit Quality is not available for this fund

Top Debt Holdings

Reserve Bank of India 0.09%

Allocation by Instruments

Repo 4.05%

Treasury Bills 0.09%

Other Holdings

Others 4.05%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
Union Business Cycle Fund	-4.34%	0.09%	6.06%	N.A.	N.A.	N.A.
ICICI Prudential India Opportunities Fund	-3.02%	5.18%	11.87%	22.83%	24.41%	13.86%
ICICI Prudential Value Fund	-3.55%	3.69%	11.27%	19.95%	20.57%	16.67%
ICICI Prudential Dividend Yield Equity Fund	-3.71%	3.15%	10.38%	22.01%	23.15%	17.4%
ICICI Prudential Diversified Equity All Cap Omni FoF	-4.85%	1.14%	8.2%	20.31%	19.81%	11.98%
SBI Contra Fund	-3.77%	1.88%	6.55%	19.59%	21.15%	17.19%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Union Business Cycle Fund	N.A.	N.A.	N.A.	N.A.
ICICI Prudential India Opportunities Fund	11.3	0.83	1.35	2.2
ICICI Prudential Value Fund	11.09	0.81	1.18	2.0
ICICI Prudential Dividend Yield Equity Fund	11.93	0.87	1.26	1.98
ICICI Prudential Diversified Equity All Cap Omni FoF	11.66	0.89	1.16	1.79
SBI Contra Fund	12.07	0.91	1.07	1.65

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Union Business Cycle Fund	N.A.	537 Cr	1 yrs 11 m	2.5%
ICICI Prudential India Opportunities Fund	N.A.	34,779 Cr	7 yrs 1 m	1.57%
ICICI Prudential Value Fund	N.A.	61,272 Cr	21 yrs 6 m	1.48%
ICICI Prudential Dividend Yield Equity Fund	N.A.	6,400 Cr	11 yrs 9 m	1.8%
ICICI Prudential Diversified Equity All Cap Omni FoF	N.A.	258 Cr	5 yrs 11 m	1.02%
SBI Contra Fund	N.A.	49,967 Cr	20 yrs 8 m	1.5%

View all Strategy funds

Key risk & return ratios Compared to other funds in the category

Risk ratios are based on three-year data. The required data is unavailable for the scheme.

Compare Union Business Cycle Fund in detail with

About this fund

About Union Business Cycle Fund

Union Business Cycle Fund is a Strategy mutual fund scheme from Union Mutual Fund. This fund has been in existence for 1 yrs 11 m, having been launched on 13/02/2024. Union Business Cycle Fund has ₹537 Crores worth of assets under management (AUM) as on 31/12/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Union Business Cycle Fund as of 02/02/2026 is ₹11.03. The fund has an expense ratio of 2.5%, which is higher than what most other Strategy funds charge.

Union Business Cycle Fund returns of last 1-year are 5.32%. Since launch, it has delivered 5.25% average annual returns.
The fund has the majority of its money invested in Financial, Automobile, Capital Goods, Services, Technology sectors. It has taken less exposure in Financial, Automobile sectors compared to other funds in the category.
The fund's top 5 holdings are in HDFC Bank Ltd., ICICI Bank Ltd., Larsen & Toubro Ltd., Bharti Airtel Ltd., State Bank of India.

...

Fund AUM	537 Cr as on Dec 31, 2025
Scheme document	View Scheme Document

Fund managers

Harshad Patwardhan

Mr. Patwardhan is B.Tech from IIT, MBA from IIM and CFA. Prior to joining Union AMC, he was associated with Edelweiss AMC,Girik Wealth Advisors,JPMorgan Asset Management India Private Limited since June 2006 as CIO-Equities. Prior to that Mr. Patwardhan worked for two years with Deutsche Equities India Private Limited as a senior research analyst and has had extensive experience with several foreign brokerage houses covering a variety of sectors.

Pratik Dharmshi

Mr. Dharmshi has done B. Com & CA Prior to joining Union AMC, he was associated with UTI Pension Fund Limited, Safe Enterprises, Girik Capital, Edelweiss AMC, JP Morgan India Pvt. Ltd., CRISIL Ltd. & Morgan Stanley Advantage Services Pvt. Ltd.

Investment objective

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.

Union Mutual Fund details

No. of schemes	29 view all schemes
Total AUM	25,989 Cr as on Dec 31, 2025
Address	Unit 503, 5th Floor, Leela Business Park, Andheri Kurla Road, Andheri (East) Mumbai, 400059
Email	investorcare@unionmf.com
Phone	(022) 6748 3300

More funds from Union Mutual Fund

Fund name	ETM Rank	AUM	1Y	5Y
Union Small Cap Fund	N.A.	1,744 Cr	4.48%	19.32%
Union Midcap Fund	N.A.	1,634 Cr	9.79%	19.14%
Union Value Fund	N.A.	371 Cr	9.53%	15.66%
Union Large & Midcap Fund	N.A.	943 Cr	6.78%	14.19%
Union ELSS Tax Saver Fund	N.A.	904 Cr	6.93%	14.15%
Union Flexi Cap Fund	N.A.	2,402 Cr	6.0%	13.63%

See all Equity funds from this AMC

Frequently asked questions

What is the current NAV of Union Business Cycle Fund?

The current Net Asset Value (NAV) of the Union Business Cycle Fund plan is approximately ₹11.03 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The Union Business Cycle Fund is a 1 yrs 11 m old fund and has delivered average annual returns of 5.41% since inception.

Union Business Cycle Fund Returns

1-Year	Since Inception
6.06%	5.41%

How much does this mutual fund charge as expense ratio?

The Union Business Cycle Fund has an expense ratio of 2.5%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

What is the AUM or fund size of this mutual fund?

The Union Business Cycle Fund currently has assets under management (AUM) or fund size valued at approximately 537 Cr as on Dec 31, 2025.

What are the top stock holdings of Union Business Cycle Fund?

The Union Business Cycle Fund has invested the majority of its money in the stocks of the following companies -

Company	Percentage of Portfolio
HDFC Bank Ltd.	5.79%
ICICI Bank Ltd.	4.72%
Larsen & Toubro Ltd.	4.37%
Bharti Airtel Ltd.	4.34%
State Bank of India	4.33%
Reliance Industries Ltd.	3.9%
Maruti Suzuki India Ltd.	3.4%
Mahindra & Mahindra Ltd.	2.82%
Shriram Finance Ltd	2.77%
Infosys Ltd.	2.66%

What are the top sectors Union Business Cycle Fund has invested in?

The Union Business Cycle Fund has primarily invested in the following sectors

Sector	Percentage of Portfolio
Financial	28.369999999999997%
Automobile	12.039999999999997%
Capital Goods	11.320000000000002%
Services	8.67%
Technology	8.5%
Chemicals	4.37%
Construction	4.37%
Communication	4.34%
Energy	3.9%
Healthcare	2.96%

What is risk level of Union Business Cycle Fund?

This is a Strategy fund comes with Very High risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How can I redeem my investments in Union Business Cycle Fund?

Redeeming your investments in the Union Business Cycle Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

App exclusive

in Strategy

#NA

Return Outperformance: This fund has generated highest return amongst Strategy funds in the last 1 Year.
Return/Risk: The fund is performing poorly than its category.
Exit Load: Exit load of 1%, if redeemed within 1 year.