Union Business Cycle Fund - Regular Plan - Growth Option
💡 Why Pick This Fund? Quantitative Strengths & Watch-outs
- Generated +4.1% annualized alpha (excess return) over its benchmark.
- Expense ratio (3.03%) is higher than category median (2.52%), which creates fee drag over time.
Key Statistics vs Category Median
Trailing Returns Comparison
| Period | Fund Return | Category Median | Difference |
|---|---|---|---|
| 1 Month | +7.23% | +6.32% | +0.91% |
| 3 Months | +0.84% | -0.20% | +1.04% |
| 6 Months | +5.62% | +5.98% | -0.36% |
| 1 Year | +4.98% | +3.90% | +1.08% |
| Since Inception | +7.22% | - | - |
Calendar Year Returns
| Year | Fund | Category Median | Gap |
|---|---|---|---|
| 2026 | +5.72% | +4.03% | +1.69% |
| 2025 | +1.43% | +1.43% | 0.00% |
Daily Rolling Returns Summary
| Rolling Window | Minimum | Average | Median | Maximum | % Positive | % Beating Proxy |
|---|---|---|---|---|---|---|
| 1-Year Rolling | -7.81% | +2.37% | +2.26% | +17.52% | 65.0% | 42.8% |
Risk Profile & Deepest Drawdowns
Deepest Market Corrections (Depth >= 10%)
| Peak Date | Trough Date | Fall Depth | Months to Bottom | Recovery Period |
|---|---|---|---|---|
| 2024-09-23 | 2025-02-28 | -20.4% | 5 months | Not yet recovered |
Portfolio & Asset Allocation
Statutory Asset Allocation Mandate (SEBI / SID)
| Instrument Category | Permitted Allocation Range |
|---|---|
| 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% of total assets. Please refer the Scheme Information Document for more details. |
Investment Objective & Strategy
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.
ℹ️ Detailed monthly stock-level holdings for this scheme are updated periodically from asset management company statutory disclosures.
Fund Size Position
Currently managing Rs 510 cr (AMFI Daily Fund AUM as of 2026-11-11). Positioned as comfortable relative to Sectoral / Thematic schemes.
Fund Management
Cost & Capital Gains Taxation
From April 2026 the total expense ratio includes brokerage, transaction costs and statutory levies on top of the base fee.
Equity-oriented schemes: 20% short-term capital gains tax if sold within 12 months; 12.5% long-term capital gains tax on gains exceeding ₹1.25 lakh per financial year when held for more than 12 months.
Closest Sectoral / Thematic Peers by Rank
| Scheme | Score | 3Y Return | Expense | Downside | Fund Size | Compare |
|---|---|---|---|---|---|---|
| Tata India Innovation Fund | 5.8 | - | 2.39% | 73.4% | Rs 1,302 cr | Compare → |
| Edelweiss Technology Fund | 5.5 | - | 2.42% | 11.6% | Rs 819 cr | Compare → |
| Bank of India Business Cycle Fund | 4.1 | - | 2.68% | 112.9% | Rs 442 cr | Compare → |
| DSP Business Cycle Fund | 5.6 | - | 2.51% | 87.0% | Rs 1,698 cr | Compare → |
| Kotak Active Momentum Fund | 5.1 | - | 2.73% | 90.4% | Rs 1,647 cr | Compare → |
Frequently Asked Questions about Union Business Cycle Fund
What is the expense ratio of Union Business Cycle Fund?
Union Business Cycle Fund has a total expense ratio (TER) of 3.03% with a base expense ratio of 2.09%, compared to the Sectoral / Thematic category median of 2.52%.
Who manages Union Business Cycle Fund?
Union Business Cycle Fund is managed by Harshad Patwardhan.
What are the historical returns of Union Business Cycle Fund?
Union Business Cycle Fund has a 1-year return of +4.98%.
How large is Union Business Cycle Fund?
Union Business Cycle Fund manages assets of Rs 510 cr, placing it in the 'comfortable' size band relative to Sectoral / Thematic peers.
How is Union Business Cycle Fund scored on MFIQ?
Union Business Cycle Fund holds an MFIQ Score of 4.3/10 (Weak), based on a category percentile composite across returns, risk, consistency, and cost.
How risky is Union Business Cycle Fund?
Union Business Cycle Fund has an official SEBI riskometer rating of Very High. Over the analyzed period, its annualized standard deviation is 16.10% with a maximum historical drawdown of -20.38%.