Union Business Cycle Fund Direct - Growth
Unrated
NAV as of Jan 15, 2025
10.650.38%
- Growth - Direct
(Earn upto 1.40% Extra Returns with Direct Plan)
Fund Category:
Equity: Thematic
Expense Ratio:
0.99%(0.66% Category
average)Fund Size:
Rs. 585.07 Cr(0.30% of Investment in Category)
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Union Business Cycle Fund Direct - Growth
Unrated
NAV as of Jan 15, 2025
10.650.38%
Expense Ratio:
0.99%
Fund Size:
Rs. 585.07 Cr
Fund Category:
Equity: Thematic
Union Business Cycle Fund Direct - Growth Fund Key Highlights
1. Current NAV: The Current Net Asset Value of the Union Business Cycle Fund - Direct Plan as of Jan 15, 2025 is Rs 10.65 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 8.8% (since launch). Whereas, Category returns for the same time duration are: 16.958904908247693% (1yr), 15.377173688762113% (3yr) and 20.65834434025517% (5yr).
3. Fund Size: The Union Business Cycle Fund - Direct Plan currently holds Assets under Management worth of Rs 573.8231 crore as on Sep 30, 2024.
4. Expense ratio: The expense ratio of the fund is 0.98% for Direct plan as on Dec 31, 2024.
5. Exit Load: Union Business Cycle Fund - Direct Plan shall attract an Exit Load, "Exit load of 1%, if redeemed within 1 year."
6. Minimum Investment: Minimum investment required is Rs 1000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 500.
1. Current NAV: The Current Net Asset Value of the Union Business Cycle Fund - Direct Plan as of Jan 15, 2025 is Rs 10.65 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 8.8% (since launch). Whereas, Category returns for the same time duration are: 16.958904908247693% (1yr), 15.377173688762113% (3yr) and 20.65834434025517% (5yr).
3. Fund Size: The Union Business Cycle Fund - Direct Plan currently holds Assets under Management worth of Rs 573.8231 crore as on Sep 30, 2024.
4. Expense ratio: The expense ratio of the fund is 0.98% for Direct plan as on Dec 31, 2024.
5. Exit Load: Union Business Cycle Fund - Direct Plan shall attract an Exit Load, "Exit load of 1%, if redeemed within 1 year."
6. Minimum Investment: Minimum investment required is Rs 1000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 500.
Union Business Cycle Fund Direct - Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns -8.74 -10.50 -8.27 - - - Category Avg -7.98 -10.59 -8.24 13.74 14.68 19.96 Rank within Category 71 41 43 - - - No. of funds within Category 113 105 86 65 33 19 - Loading...
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Return Comparison
- This Fund
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Union Business Cycle Fund Direct - Growth Fund Details
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.
| Fund House | Union Mutual Fund |
| Launch Date | Mar 05, 2024 |
| Benchmark | NIFTY 500 Total Return Index |
| Return Since Launch | 6.5% |
| Riskometer | Very High |
| Type | Open-ended |
| Risk Grade | - |
| Return Grade | - |
Union Business Cycle Fund Direct - Growth Investment Details
| Minimum Investment (Rs.) | 1,000.00 |
| Minimum Additional Investment (Rs.) | 1,000.00 |
| Minimum SIP Investment (Rs.) | 500.00 |
| Minimum Withdrawal (Rs.) | 1,000.00 |
| Exit Load Exit load of 1%, if redeemed within 1 year. | |
Portfolio Allocation
Asset Allocation
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Asset Allocation History
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EquityDebtCash
Sector Allocation
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Market Cap Allocation
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Concentration & Valuation Analysis
| DEC 2024 | NOV 2024 | OCT 2024 | SEP 2024 | AUG 2024 | JUL 2024 | |
|---|---|---|---|---|---|---|
| Number of Holdings | 51 | 58 | 63 | 60 | 56 | 57 |
| Top 5 Company Holdings | 25.94% | 25.97% | 23.49% | 21.1% | 22.29% | 24.04% |
| Top 10 Company Holdings | 39.68% | 39.77% | 35.92% | 33.61% | 35.38% | 37.58% |
| Company with Highest Exposure | HDFC Bank (7.92%) | HDFC Bank (7.93%) | HDFC Bank (7.01%) | HDFC Bank (5.09%) | Infosys (5.14%) | HDFC Bank (6.47%) |
| Number of Sectors | 13 | 13 | 13 | 13 | 13 | 13 |
| Top 3 Sector Holdings | 46.23% | 46.11% | 45.96% | 41.33% | 45.14% | 45.41% |
| Top 5 Sector Holdings | 63.5% | 65.13% | 65.16% | 57.72% | 58.56% | 60.54% |
| Sector with Highest Exposure | Financial (22.59%) | Financial (24.13%) | Financial (25.28%) | Financial (22.64%) | Financial (21.82%) | Financial (23.13%) |
Top Stock Holdings
Sector Holdings in MF
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) HDFC Bank Financial 5.09 18.16 90.45 -2.15 Infosys Technology 4.8 30.04 64.90 19.50 ICICI Bank Financial 4.56 18.02 68.72 22.71 Reliance Industries Energy 3.46 24.95 50.19 -8.91 Bharti Airtel Communication 3.19 79.74 20.16 46.68 Shriram Finance Financial 2.66 12.47 42.76 15.43 Info Edge (India) Services 2.63 206.58 36.09 43.03 Pidilite Industries Chemicals 2.56 74.54 37.60 0.26 V-Mart Retail Services 2.44 -117.55 -27.81 57.22 Bajaj Finance Financial 2.22 28.90 248.39 -3.74
Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Union Business Cycle Fund Direct - Growth 10.65 Unrated 585.07 -8.74 - - - Edelweiss Nifty 100 Quality 30 Index Fund Direct - Growth 14.02 144.83 -6.14 7.76 11.68 - Taurus Ethical Fund Direct-Growth 140.70 Unrated 268.01 -6.73 13.44 13.76 19.59 Tata Nifty Realty Index Fund Direct - Growth 9.48 Unrated 56.98 -15.18 - - - Aditya Birla Sun Life Special Opportunities Fund Direct-Growth 24.25 Unrated 759.48 -7.34 15.31 13.06 -
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Risk Ratio data not available for this fund
Union Mutual Fund News
- Union Mutual Fund launches NFO of active momentum fund
- Union Multi Asset Allocation Fund opens for subscription. Key things to know
- Union Mutual Fund files a draft document with Sebi for a multi-asset allocation fund
- ETMarkets Fund Manager Talk: PSU banks trading at 40-50% discount to pvt banks, can outperform: Hardick Bora of Union Mutual Fund
Fund Manager
- H.P.Harshad PatwardhanSince Nov 20241 schemes
- P.D.Pratik DharmshiSince Dec 20245 schemes
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.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Union Multicap Fund Direct - Growth Multi Cap 15.22 Unrated 1,105.65 12.74 Mr. Dharmshi has done B. Com & CA Prior to joining Edelweiss AMC, he was associated with JP Morgan India Pvt. Ltd., CRISIL Ltd. & Morgan Stanley Advantage Services Pvt. Ltd.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Union Focused Fund Direct - Growth Flexi Cap 25.52 428.28 9.62 Union Small Cap Fund Direct-Growth Small Cap 51.81 1,684.72 11.97 Union Midcap Fund Direct - Growth Mid Cap 46.90 1,428.97 17.87 Union Large & Midcap Fund Direct - Growth Large & MidCap 25.51 868.05 12.43 Union Retirement Fund Direct - Growth Flexi Cap 15.01 Unrated 156.27 10.53
More Union Mutual Fund
| Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
|---|---|---|---|---|---|---|---|
| Union Liquid Fund Direct-Growth | 4,336.59 | 0.60 | 1.78 | 3.60 | 7.46 | 6.51 | |
| Union Flexi Cap Fund Direct-Growth | 2,268.75 | 1.41 | -3.29 | 2.89 | 18.67 | 15.25 | |
| Union Small Cap Fund Direct-Growth | 1,661.94 | 1.92 | -0.12 | 8.48 | 26.18 | 21.79 | |
| Union Balanced Advantage Fund Direct - Growth | 1,457.11 | 0.38 | -1.91 | 1.40 | 11.52 | 10.70 | |
| Union Midcap Fund Direct - Growth | 1,380.72 | 3.30 | -2.30 | 4.42 | 31.00 | 20.33 | |
| Union Multicap Fund Direct - Growth | 1,090.34 | 1.74 | -3.53 | 4.20 | 24.83 | - | |
| Union ELSS Tax Saver Fund Direct-Growth | 935.47 | -0.10 | -4.93 | 2.11 | 18.49 | 15.67 | |
| Union Innovation & Opportunities Fund Direct - Growth | 894.19 | 3.75 | 2.22 | 14.29 | 43.94 | - | |
| Union Multi Asset Allocation Fund Direct-Growth | 868.47 | 1.20 | -0.98 | - | - | - | |
| Union Large & Midcap Fund Direct - Growth | 847.32 | 2.59 | -2.50 | 2.90 | 22.93 | 15.65 |
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About Union Business Cycle Fund Direct - Growth
1. Union Business Cycle Fund - Direct Plan is Open-ended Thematic Equity scheme which belongs to Union Mutual Fund House.
2. The fund was launched on Mar 05, 2024.
Investment objective & Benchmark
1. The investment objective of the fund is that " 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. "
2. It is benchmarked against NIFTY 500 Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 94.39% in equities, 0.06% in debts and 5.55% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 33.61% of the assets, the top 3 sectors constitute around 46.11% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on Union Business Cycle Fund Direct - Growth
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
1. Union Business Cycle Fund - Direct Plan is Open-ended Thematic Equity scheme which belongs to Union Mutual Fund House.
2. The fund was launched on Mar 05, 2024.
Investment objective & Benchmark
1. The investment objective of the fund is that " 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. "
2. It is benchmarked against NIFTY 500 Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 94.39% in equities, 0.06% in debts and 5.55% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 33.61% of the assets, the top 3 sectors constitute around 46.11% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on Union Business Cycle Fund Direct - Growth
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
This Might Catch Your Interest
FAQs about Union Business Cycle Fund Direct - Growth
- Is it safe to invest in Union Business Cycle Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Union Business Cycle Fund - Direct Plan comes under Very High risk category.
- What is the category of Union Business Cycle Fund - Direct Plan?Union Business Cycle Fund - Direct Plan belongs to the Equity : Thematic category of funds.
- How Long should I Invest in Union Business Cycle Fund - Direct Plan?The suggested investment horizon of investing into Union Business Cycle Fund - Direct Plan is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Union Business Cycle Fund - Direct Plan?The Union Business Cycle Fund - Direct Plan is managed by Harshad Patwardhan (Since Nov 01, 2024) and Pratik Dharmshi (Since Dec 09, 2024).
Date Sources: Mutual Funds, ETFs, and NPS data are sourced from Value Research. All times stamps are reflecting IST (Indian Standard Time). By using this site, you agree to the Terms of Service and Privacy Policy.
