Union Business Cycle Fund Direct Growth

Union Business Cycle Fund Direct Growth

Equity

Direct

Equity - Other

NAV as on 22-11-2024

₹ 11.1

▲1.8%

1D

Inception Returns

11%

/yr

About Union Business Cycle Fund Direct Growth

Union Business Cycle Fund Direct Growth is an equity fund. This fund was started on 5 March, 2024. The fund is managed by . The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Union Business Cycle Fund Direct Growth has ₹560 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
  2. The fund has an expense ratio 1.1.

Returns

Union Business Cycle Fund Direct Growth has given a CAGR return of 11.00% since inception.

Holdings

Union Business Cycle Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Tech, Health, Communication, Energy, Utilities, Basic Materials, Real Estate. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Infosys Ltd, Bharti Airtel Ltd, NTPC Ltd

Taxation

As it is a equity - other mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of Union Business Cycle Fund Direct Growth

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.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 500.00. Union Business Cycle Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised
▲
▼

zero opening, trading, fund transfer fee
61 people have invested ₹ 2.5L in Union Business Cycle Fund Direct Growth in the last three months

Union Business Cycle Fund Direct Growth Overview

Expense ratio1.07%
Benchmark
IISL Nifty 500 TR INR
AUM₹560 Cr
Inception Date5 March, 2024
Min Lumpsum/SIP₹1000/₹500
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
0.2%
STCGRedeeming before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (22-Nov-24)

Period
Union Business Cycle Fund Direct Growth
Nifty 500
equity - other
1M
-2.5%
-2.6%
-
3M
-5%
-5.2%
-
6M
2.3%
4.7%
-

Fund Distribution

as on (31-Oct-24)

  • Equity 93.9%

  • Debt & Cash 6.1%

Large cap
59.7%
Mid cap
22.3%
Small cap
11.8%
Sector Allocation

Oct'24

Sep'24

Aug'24

Financial Services
26.4%
Industrial
15.1%
Consumer Cyclical
14.6%
Tech
12.8%
Health
10.9%
Communication
7.1%
Energy
4.4%
Utilities
3.9%
Basic Materials
3.6%
Real Estate
1.2%
All changes are between Aug'24 and Oct'24
Oct'24
Sep'24
Aug'24
Fund Returns
-6.33%
1.01%
2.41%
Nifty 500
-6.52%
2.04%
0.97%
  • This fund’s returns stands at -6.33% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
  • This fund outperformed Nifty 500 by 0.19% in Oct'24
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 578.3 Cr
₹ 578.3 Cr
₹ 559.8 Cr
  • AUM of the fund stands at 578.3 Cr as of Oct'24
  • AUM has remained same between Oct'24 and Sep'24
Top Stocks bought last month
HDFC Bank Ltd's allocation increased from 5.09% to 7.01%
HDFC Bank Ltd's allocation increased from 5.09% to 7.01%
HCL Technologies Ltd's allocation increased from 1.24% to 2.7%
HCL Technologies Ltd's allocation increased from 1.24% to 2.7%
Trent Ltd's allocation increased from 1.05% to 1.85%
Trent Ltd's allocation increased from 1.05% to 1.85%
Top Stocks sold last month
Infosys Ltd's allocation decreased from 4.8 % to 4.64 %
Infosys Ltd's allocation decreased from 4.8 % to 4.64 %
Reliance Industries Ltd's allocation decreased from 3.46 % to 2.79 %
Reliance Industries Ltd's allocation decreased from 3.46 % to 2.79 %
Info Edge (India) Ltd's allocation decreased from 2.63 % to 2.26 %
Info Edge (India) Ltd's allocation decreased from 2.63 % to 2.26 %
Mid Cap allocation has gone up from 18.6% to 22.3%
Mid Cap allocation has gone up from 18.6% to 22.3%
Large Cap allocation has gone up from 58.5% to 59.7%
Large Cap allocation has gone up from 58.5% to 59.7%
Small Cap allocation has gone down from 16.3% to 11.8%
Small Cap allocation has gone down from 16.3% to 11.8%
Cash allocation has gone down from 6.6% to 6.1%
Cash allocation has gone down from 6.6% to 6.1%

Top 3 Sectors in October were Financial Services, Industrial & Consumer Cyclical

Oct'24
Financial Services
26%
Industrial
15%
Consumer Cyclical
15%
Sep'24
Financial Services
24%
Industrial
17%
Consumer Cyclical
15%

  • Equity

  • Debt & Cash

Holdings
Weight%
1M Change
HDFC Bank Ltd
HDFC Bank Ltd
7.01%
33%
ICICI Bank Ltd
ICICI Bank Ltd
5.29%
10.7%
Infosys Ltd
Infosys Ltd
4.64%
0%
Bharti Airtel Ltd
Bharti Airtel Ltd
3.6%
15.7%
NTPC Ltd
NTPC Ltd
2.95%
100%
See all

  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
Union Business Cycle Fund Direct Growth
Union Business Cycle Fund Direct Growth
-
-
-
11%
SBI PSU Direct Growth
SBI PSU Direct Growth
49.93%
34.11%
24.77%
12.27%
Nippon India Power & Infra Fund - Direct Plan - Growth
Nippon India Power & Infra Fund - Direct Plan - Growth
39.9%
28.77%
29.5%
16.35%
ICICI Prudential Manufacturing Fund Direct Growth
ICICI Prudential Manufacturing Fund Direct Growth
36.88%
24.98%
27.3%
22.67%
See all

  • Gainers

  • Losers

Top Growth Drivers
1M Return
GE Vernova T&D India Ltd
GE Vernova T&D India Ltd
7.3%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
65
62
58
Top 5 Company Concentration
23.5%
21.1%
22.3%
Company having highest exposure
HDFC Bank Ltd (7%)
HDFC Bank Ltd (5.1%)
Infosys Ltd (5.1%)
No of Sectors
10
9
9
Top 5 Sectors Concentration
79.7%
76.8%
76.8%
Sector having highest exposure
Financial Services (26.4%)
Financial Services (23.7%)
Financial Services (22.3%)
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Fund House
Union Asset Management Co. Pvt. Ltd.
Total Schemes
26
See all Union schemes
Total AUM
₹22.24K Cr
as on 31-Oct-2024
Address
Union Asset Management Co. Pvt. Ltd.,Unit 802, 8th Floor, Tower ‘A’,,Peninsula Business Park, Ganpatrao Kadam Marg,,Lower Parel (West)
Phone
+9102267483333
Website
investorcare@unionmf.com

Union Business Cycle Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered returns of 11.00% since inception (5th March 2024)
Fund Allocations

Fund Allocations

This fund has an allocation of 93.88% in Equity, 0% in Debt and 6.12% in Cash related instruments
AUM size ₹560 Cr

AUM size ₹560 Cr

This fund has AUM of ₹560 Cr which is less than its category average of ₹ 2245 Cr
Expense Ratio 1.07%

Expense Ratio 1.07%

This fund has an expense ratio of 1.07% which is less than its category average expense ratio of 1.21%

Frequently Asked Questions for Union Business Cycle Fund Direct Growth

The current NAV of Union Business Cycle Fund Direct Growth is ₹11.1 as on 22-Nov-2024.
Existing (Absolute + CAGR) as on 22-Nov-2024.
Union Business Cycle Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
-2.46%
-2.46%
6 Month Returns
2.3%
2.3%
1 Year Returns
0%
0%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
1.07% as on October 2024
₹560 Cr as on October 2024
HDFC Bank Ltd(7.01%), ICICI Bank Ltd(5.29%), Infosys Ltd(4.64%), Bharti Airtel Ltd(3.6%), NTPC Ltd(2.95%) as on October 2024
Financial Services(24.76%), Industrial(14.16%), Consumer Cyclical(13.73%) as on October 2024
The alpha ratio for the Union Business Cycle Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Union Business Cycle Fund Direct Growth
-
-
-
As on October 2024
The alpha for Union Business Cycle Fund Direct Growth is calculated against IISL Nifty 500 TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Union Business Cycle Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Union Business Cycle Fund Direct Growth
-
-
-
As on October 2024
The Beta for Union Business Cycle Fund Direct Growth is calculated with IISL Nifty 500 TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Union Business Cycle Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Union Business Cycle Fund Direct Growth
-
-
-
As on October 2024
The sharpe ratio for Union Business Cycle Fund Direct Growth is calculated with IISL Nifty 500 TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Union Business Cycle Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Union Business Cycle Fund Direct Growth
-
-
-
As on October 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
The Exit load of Union Business Cycle Fund Direct Growth is 1%