Union Business Cycle Fund Direct Growth
Equity
Direct
Equity - Other
NAV as on 23-12-2024
₹ 11.33
1D
Inception Returns
12.8%
/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 Sanjay Bembalkar, Harshad Patwardhan. The fund could potentially beat inflation in the long-run.
Key Parameters
- Union Business Cycle Fund Direct Growth has ₹574 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
- The fund has an expense ratio 1.1.
Returns
Union Business Cycle Fund Direct Growth has given a CAGR return of 12.80% since inception.
Holdings
Union Business Cycle Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Tech, Health, Communication, Energy, Basic Materials, Utilities, Real Estate. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Infosys Ltd, Bharti Airtel Ltd, Larsen & Toubro 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 benefitDividends 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
▲
▼
53 people have invested ₹ 77.1K in Union Business Cycle Fund Direct Growth in the last three months
Union Business Cycle Fund Direct Growth Overview
| Expense ratio | 1.07% |
Benchmark | IISL Nifty 500 TR INR |
| AUM | ₹574 Cr |
| Inception Date | 5 March, 2024 |
| Min Lumpsum/SIP | ₹1000/₹500 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 0.2% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (23-Dec-24)
Fund Distribution
as on (30-Nov-24)
Large cap
61.2%
Mid cap
22.4%
Small cap
10.8%
Sector Allocation
Financial Services
24.9%
Consumer Cyclical
17.2%
Industrial
14.3%
Tech
13.2%
Health
11.2%
Communication
6.3%
Energy
4.2%
Basic Materials
4.1%
Utilities
3.4%
Real Estate
1.1%
All changes are between Sep'24 and Nov'24
- This fund’s returns stands at -0.09% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.60% as on Nov'24
- This fund outperformed Nifty 500 by 0.51% in Nov'24
- AUM of the fund stands at 560.1 Cr as of Nov'24
- AUM decreased by 18.2 Cr between Nov'24 and Oct'24
Top Stocks bought last month
State Bank of India's allocation increased from 1.05% to 2.99%
Max Healthcare Institute Ltd Ordinary Shares's allocation increased from 0.83% to 1.91%
Larsen & Toubro Ltd's allocation increased from 2.45% to 3.51%
Top Stocks sold last month
Bharti Airtel Ltd's allocation decreased from 3.6 % to 3.54 %
Reliance Industries Ltd's allocation decreased from 2.79 % to 2.64 %
NTPC Ltd's allocation decreased from 2.95 % to 2.57 %
Mid Cap allocation has gone up from 22.3% to 22.4%
Large Cap allocation has gone up from 59.7% to 61.2%
Small Cap allocation has gone down from 11.8% to 10.8%
Cash allocation has gone down from 6.1% to 5.6%
Top 3 Sectors in November were Financial Services, Industrial & Consumer Cyclical
Nov'24
Financial Services
25%
Consumer Cyclical
17%
Industrial
14%
Oct'24
Financial Services
26%
Industrial
15%
Consumer Cyclical
15%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 7.93% | 12.1% | |
 ICICI Bank Ltd | 6.2% | 19.3% | |
 Infosys Ltd | 4.79% | 0% | |
 Bharti Airtel Ltd | 3.54% | 0% | |
 Larsen & Toubro Ltd | 3.51% | 42.5% |
See all
Top Growth Drivers | 1M Return |
|---|---|
 Info Edge (India) Ltd | 15.7% |
 Infosys Ltd | 6.1% |
 HDFC Bank Ltd | 3% |
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Sanjay Bembalkar
Fund Manager of Union Business Cycle Fund Direct Growth, since 5 March 2024
Top funds managed
Harshad Patwardhan
Fund Manager of Union Business Cycle Fund Direct Growth, since 1 November 2024
Top funds managed
Fund House
Union Asset Management Co. Pvt. Ltd.
Total Schemes
Total AUM
₹23.28K Cr
as on 29-Nov-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
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered returns of 12.80% since inception (5th March 2024)
Fund Allocations
This fund has an allocation of 94.4% in Equity, 0% in Debt and 5.6% in Cash related instruments
AUM size ₹574 Cr
This fund has AUM of ₹574 Cr which is less than its category average of ₹ 2189 Cr
Expense Ratio 1.07%
This fund has an expense ratio of 1.07% which is less than its category average expense ratio of 1.18%
Frequently Asked Questions for Union Business Cycle Fund Direct Growth
The current NAV of Union Business Cycle Fund Direct Growth is ₹11.33 as on 23-Dec-2024.
Existing (Absolute + CAGR) as on 23-Dec-2024.
Union Business Cycle Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.01% | 3.01% |
6 Month Returns | 0.8% | 0.8% |
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.
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- 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 November 2024
₹574 Cr as on November 2024
HDFC Bank Ltd(7.93%), ICICI Bank Ltd(6.2%), Infosys Ltd(4.79%), Bharti Airtel Ltd(3.54%), Larsen & Toubro Ltd(3.51%) as on November 2024
Financial Services(23.54%), Consumer Cyclical(16.23%), Industrial(13.52%) as on November 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 November 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 November 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 November 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 November 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.
Sanjay Bembalkar, Harshad Patwardhan are the fund managers of Union Business Cycle Fund Direct Growth
The Exit load of Union Business Cycle Fund Direct Growth is 1%