GMP IPO Watch
Union Business Cycle Fund
Regular Plan · Growth Option · Union Mutual Fund
Returns
Annualised (CAGR) returns for periods over a year.
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Rank in Category
| Period | This Fund | Category Avg. | Rank |
|---|---|---|---|
| 1W | +4.25% | +3.52% | 85 of 255 |
| 1M | +2.49% | +1.97% | 99 of 255 |
| 3M | -2.37% | -3.45% | 73 of 252 |
| 6M | +2.49% | +2.92% | 113 of 251 |
| YTD | +1.05% | +1.21% | 99 of 255 |
| 1Y | +0.61% | +1.11% | 95 of 232 |
| 2Y | +2.06% | +2.39% | 75 of 187 |
| INCEPTION | +5.60% | — | — |
Ranked among: Equity Scheme - Sectoral/ Thematic.
Rolling Returns
| Period | Average | Best | Worst | Positive Periods | Consistency |
|---|---|---|---|---|---|
| 3M | +1.57% | +16.95% | -15.93% | 59% | 23% |
| 6M | +1.83% | +21.15% | -18.21% | 62% | 24% |
| 1Y | +2.39% | +17.17% | -8.04% | 66% | 26% |
| 2Y | +1.34% | +6.60% | -3.20% | 78% | 31% |
Rolling returns show the average, best and worst outcome an investor would have seen entering at any point in the window.
NAV History
AUM Trend (₹ Cr, quarterly average)
Expense Ratio Trend
Portfolio · Sep 2026
Asset Allocation
- Equity94.67%
- Debt0.17%
- Cash5.16%
- Other0.00%
Market Cap Split
- Large Cap44.60%
- Mid Cap16.55%
- Small Cap33.52%
- Others5.33%
Fundamentals
| Fund | Category | |
|---|---|---|
| P/E | 25.61 | 27.94 |
| P/B | 3.69 | 4.57 |
| Price / Sales | 3.19 | 3.25 |
| Price / Cash Flow | 21.62 | 20.95 |
| Dividend Yield (%) | 0.68 | 1.18 |
Holdings · Sep 2026
| Holding | Sector | Weight | Change (1M) |
|---|---|---|---|
| ICICI Bank | Banks | 6.34% | -0.09% |
| TREPS | Reverse Repo / TREPS | 5.41% | — |
| Larsen & Toubro | Construction | 3.62% | -0.62% |
| Axis Bank | Banks | 3.38% | +0.33% |
| HDFC Bank | Banks | 2.94% | +0.19% |
| One 97 Communications | Financial Technology (Fintech) | 2.58% | -0.74% |
| Sona BLW Precision Forgings | Auto Components | 2.53% | +0.21% |
| Sai Life Sciences | Pharmaceuticals & Biotechnology | 2.46% | +0.26% |
| Shriram Finance | Finance | 2.30% | -0.49% |
| Bharat Heavy Electricals | Electrical Equipment | 2.29% | +0.01% |
| Navin Fluorine International | Chemicals & Petrochemicals | 2.23% | +0.04% |
| Arvind | Textiles & Apparels | 2.18% | +0.08% |
| Solar Industries | Chemicals & Petrochemicals | 2.16% | -0.04% |
| RBL Bank | Banks | 2.04% | +0.24% |
| Reliance Industries | Petroleum Products | 1.96% | -0.01% |
View all 65 holdings
| Jindal SAW | Industrial Products | 1.87% | -0.08% |
| Tata Motors | Agricultural, Commercial & Construction Vehicles | 1.85% | -0.08% |
| Dixon Technologies | Consumer Durables | 1.82% | -0.12% |
| Mphasis | IT - Software | 1.73% | -0.10% |
| Power Mech Projects | Construction | 1.72% | +0.09% |
| Cipla | Pharmaceuticals & Biotechnology | 1.70% | +0.04% |
| State Bank of India | Banks | 1.67% | -0.26% |
| Tech Mahindra | IT - Software | 1.64% | -0.01% |
| Apollo Hospitals | Equity | 1.58% | -0.03% |
| GE Vernova T&D | Electrical Equipment | 1.57% | +0.02% |
| Coforge | IT - Software | 1.51% | -0.97% |
| Aurobindo Pharma | Pharmaceuticals & Biotechnology | 1.46% | +0.25% |
| Adani Enterprises | Metals & Minerals Trading | 1.45% | +0.11% |
| HDFC Life Insurance | Insurance | 1.44% | — |
| Kotak Bank | Banks | 1.36% | — |
| Krishna Institute of Medical Sciences | Equity | 1.35% | +0.07% |
| Dr. Lal Path Labs | Equity | 1.34% | +0.46% |
| Indo Count Industries | Textiles & Apparels | 1.33% | +0.06% |
| Ujjivan Small Finance Bank | Banks | 1.32% | -0.10% |
| 360 One WAM | Capital Markets | 1.32% | -0.09% |
| Devyani International | Leisure Services | 1.25% | +0.01% |
| Cummins | Industrial Products | 1.24% | +0.00% |
| Data Patterns | Aerospace & Defense | 1.22% | +0.01% |
| Bharti Airtel | Telecom - Services | 1.18% | -0.69% |
| PVR Inox | Entertainment | 1.14% | +0.10% |
| Zen Technologies | Aerospace & Defense | 1.12% | -0.05% |
| Gokaldas Exports | Textiles & Apparels | 1.09% | -0.07% |
| Fusion Finance | Finance | 1.09% | -0.08% |
| ZF Commercial | Auto Components | 1.09% | -0.02% |
| Cholamandalam Investment | Finance | 1.09% | -0.28% |
| Aarti Industries | Chemicals & Petrochemicals | 1.08% | -0.03% |
| Interglobe Aviation | Transport Services | 1.02% | +0.02% |
| Mankind Pharma | Pharmaceuticals & Biotechnology | 1.02% | +0.26% |
| Hindustan Copper | Non - Ferrous Metals | 1.01% | -0.04% |
| Jindal Steel | Ferrous Metals | 0.90% | — |
| Delhivery | Transport Services | 0.86% | -0.03% |
| MTAR Technologies | Electrical Equipment | 0.85% | — |
| KPR Mill | Textiles & Apparels | 0.79% | +0.00% |
| Hindustan Aeronautics | Aerospace & Defense | 0.75% | — |
| Welspun Corp | Industrial Products | 0.75% | +0.43% |
| Hindustan Zinc | Non - Ferrous Metals | 0.74% | +0.25% |
| Filatex India | Textiles & Apparels | 0.69% | +0.24% |
| Cemindia Projects | Construction | 0.67% | +0.02% |
| Corona Remedies | Pharmaceuticals & Biotechnology | 0.59% | +0.04% |
| Wockhardt | Pharmaceuticals & Biotechnology | 0.55% | +0.09% |
| Angel One | Capital Markets | 0.51% | -0.34% |
| Go Digit General Insurance | Insurance | 0.34% | — |
| 91 Day Treasury Bills | Money Market | 0.09% | +0.01% |
| 91TB241226 | Money Market | 0.08% | — |
| Net Receivable / Payable | Net Current Assets | -0.25% | — |
Sector Allocation · Sep 2026
View all 25 sectors
Risk Metrics
Standard Deviation
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 15.96 | 16.32 | Low Volatility |
What is this?
Annualized population standard deviation of daily denomination-adjusted NAV returns, multiplied by sqrt(252). Values require a full timeframe of NAV history.
Sharpe Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | -0.40 | -0.32 | Below Average |
| 3Y | -0.05 | -0.45 | Above Average |
What is this?
Annualized Sharpe ratio calculated from month-end NAV returns using the latest available FBIL Overnight MIBOR rate as the risk-free rate. For schemes with less than three years of history, the 3Y value uses since-inception data. Applied risk-free rate: 5.73% (published 2026-10-28).
Sortino Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 0.16 | 0.19 | Below Average |
What is this?
Annualized from daily NAV returns using a 0.00% minimum acceptable return; downside deviation includes only returns below this target.
Compare With Peers
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
|
Nippon India Taiwan Equity Fund
Regular Plan · IDCW option
|
+59.64% | +47.37% | — | +23.17% |
|
HDFC Pharma and Healthcare Fund
Direct Plan · IDCW Option
|
+25.51% | +31.04% | — | +30.18% |
|
Kotak Healthcare Fund
Regular Plan · IDCW Option
|
+23.57% | — | — | +20.10% |
|
SBI Automotive Opportunities Fund
Direct Plan · IDCW
|
+22.37% | — | — | +11.34% |
|
Mirae Asset Healthcare Fund
Direct Plan · Growth
|
+21.28% | +24.36% | +16.89% | +22.00% |
|
ICICI Prudential US Bluechip Equity Fund
Regular Plan · IDCW
|
+20.32% | +18.33% | +12.09% | +15.77% |
|
PGIM India Healthcare Fund
Direct Plan · Direct IDCW
|
+20.03% | — | — | +11.89% |
|
Nippon India Japan Equity Fund
Regular Plan · Bonus Option
|
+18.89% | +19.86% | +8.28% | +8.45% |
|
HDFC Defence Fund
Regular Plan · IDCW Option
|
+18.80% | +34.56% | — | +36.67% |
|
HSBC India Export Opportunities Fund
Direct Plan · Growth
|
+18.74% | — | — | +9.24% |
More From Union Asset Management Company Private Limited
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
|
Union Gold ETF Fund of Fund
Direct Plan · Growth Option
|
+17.00% | — | — | +31.55% |
|
Union Gold ETF
Direct Plan · Growth Option
|
+16.73% | — | — | +31.97% |
|
Union Active Momentum Fund
Direct Plan · IDCW Option
|
+15.74% | — | — | +0.32% |
|
Union Small Cap Fund
Direct Plan · Growth Option
|
+14.82% | +15.43% | +16.22% | +16.18% |
|
Union Innovation & Opportunities Fund
Direct Plan · Growth Option
|
+8.71% | +19.25% | — | +17.75% |
|
Union Arbitrage Fund
Direct Plan · IDCW Option
|
+6.65% | +7.17% | +6.60% | +5.78% |
|
Union Money Market Fund
Direct Plan · Growth Option
|
+6.62% | +7.14% | +6.53% | +6.40% |
|
Union Liquid Fund
Direct Plan · Growth Option
|
+6.49% | +6.92% | +6.45% | +6.53% |
|
Union Diversified Equity All Cap Active FOF
Direct Plan · IDCW Option
|
+5.99% | — | — | +7.33% |
|
Union Multicap Fund
Direct Plan · Growth Option
|
+5.87% | +15.07% | — | +17.37% |
About This Scheme
Investment Objective
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.
Stated Asset Allocation
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.
Exit Load
1% 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.
Fund Managers
FM 1 - Mr. Harshad Patwardhan, FM 2 - Mr. Pratik Dharmshi
FM 1 Co-manage, FM 2 Co-manage
Mutual fund investments are subject to market risks. Read all scheme related documents carefully. Past performance is not indicative of future returns. Data is sourced from AMFI and fund houses via FinAPI and may lag official figures.