Over a year annualised (CAGR), under a year absolute. Computed from AMFI's published
NAV history for this scheme.
Risk
Volatility
Sharpe
Sortino
Beta
Alpha
Max fall
R²
This scheme
16.1%
0.07
0.09
0.98
-0.07%
-20.4%
90.55
Nifty 500 benchmark
15.2%
0.39
0.58
—
—
-37.3%
—
Risk-free rate 6.5%. Beta, alpha and R² are regressed on the
29 months this scheme and its benchmark share.
Growth of ₹100 since launch
Drawdown from peak (%)
Every one-year period it has lived through
Windows
Worst
Median
Best
Periods that lost money
362
-8.0%
2.8%
17.2%
33%
Every one-year holding period in this scheme's history, not just the last one — the
spread a real investor would have met depending only on when they started.
How it behaves against its benchmark
Up capture
Down capture
Correlation
Tracking error
Information ratio
Treynor
98%
97%
0.95
4.9%
-0.02
0.68
Up capture is how much of the benchmark's gain this scheme kept in the months the
benchmark rose; down capture, how much of its fall it took. Below 100 on the down side and above it
on the up side is the combination every fund is trying for and few reach.
Measured over the 29 months this scheme and
Nifty 500 share.
Union Business Cycle Fund
Regular Plan · IDCW Option
Allocation
By asset
Equity
94.67%
Cash & Equivalents
5.16%
Debt
0.17%
By market cap
Large Cap
44.60%
Mid Cap
16.55%
Small Cap
33.52%
Unclassified
0.17%
Concentration
Number of stocks
63
Top 5 stocks
18.86%
Top 10 stocks
30.67%
Top 20 stocks
49.70%
Lines in the filing
65
Largest holding
6.34%
Largest sector
Banks 19.05%
Effective stocks
50.4
Sectors held
26
Cash
5.16%
Effective stocks is what the concentration works out to: a fund holding
63 names but most of its money in a few
behaves like a fund of 50. Cash includes repo and TREPS, which
every fund parks money in overnight.
Sector split
Banks
19.05%
Pharmaceuticals & Biotechnology
7.78%
Textiles & Apparels
6.08%
Construction
6.01%
Chemicals & Petrochemicals
5.47%
Cash & Equivalents
5.16%
IT - Software
4.88%
Electrical Equipment
4.71%
Finance
4.48%
Healthcare Services
4.27%
Industrial Products
3.86%
Auto Components
3.62%
Aerospace & Defense
3.09%
Financial Technology (Fintech)
2.58%
Petroleum Products
1.96%
Transport Services
1.88%
Agricultural, Commercial & Construction Vehicles
1.85%
Capital Markets
1.83%
Consumer Durables
1.82%
Insurance
1.78%
Union Business Cycle Fund
Regular Plan · IDCW Option · holdings
Top 30 holdings
#
Company
Sector
Shares held
Value ₹ cr
% of fund
1
ICICI Bank Ltd.
Banks
232,570
31
6.34%
2
TREPS
Unclassified
—
26
5.41%
3
Larsen & Toubro Ltd.
Construction
46,676
18
3.62%
4
Axis Bank Ltd.
Banks
133,751
16
3.38%
5
HDFC Bank Ltd.
Banks
201,052
14
2.94%
6
One 97 Communications Ltd.
Financial Technology (Fintech)
74,610
13
2.58%
7
Sona Blw Precision Forgings Ltd.
Auto Components
147,852
12
2.53%
8
Sai Life Sciences Ltd.
Pharmaceuticals & Biotechnology
78,126
12
2.46%
9
Shriram Finance Ltd.
Finance
113,324
11
2.30%
10
Bharat Heavy Electricals Ltd.
Electrical Equipment
267,131
11
2.29%
11
Navin Fluorine International Ltd.
Chemicals & Petrochemicals
13,103
11
2.23%
12
Arvind Ltd.
Textiles & Apparels
195,901
11
2.18%
13
Solar Industries India Ltd.
Chemicals & Petrochemicals
5,318
10
2.16%
14
RBL Bank Ltd.
Banks
245,561
10
2.04%
15
Reliance Industries Ltd.
Petroleum Products
79,926
9
1.96%
16
Jindal Saw Ltd.
Industrial Products
326,568
9
1.87%
17
Tata Motors Ltd.
Agricultural, Commercial & Construction Vehicles
212,614
9
1.85%
18
Dixon Technologies (India) Ltd.
Consumer Durables
6,751
9
1.82%
19
Mphasis Ltd.
IT - Software
38,977
8
1.73%
20
Power Mech Projects Ltd.
Construction
33,537
8
1.72%
21
Cipla Ltd.
Pharmaceuticals & Biotechnology
61,099
8
1.70%
22
State Bank of India
Banks
84,385
8
1.67%
23
Tech Mahindra Ltd.
IT - Software
52,340
8
1.64%
24
Apollo Hospitals Enterprise Ltd.
Healthcare Services
9,366
8
1.58%
25
GE Vernova T&D India Ltd.
Electrical Equipment
18,087
8
1.57%
26
Coforge Ltd.
IT - Software
41,961
7
1.51%
27
Aurobindo Pharma Ltd.
Pharmaceuticals & Biotechnology
42,406
7
1.46%
28
Adani Enterprises Ltd.
Metals & Minerals Trading
24,221
7
1.45%
29
HDFC Life Insurance Company Ltd.
Insurance
133,974
7
1.44%
30
Kotak Mahindra Bank Ltd.
Banks
157,783
7
1.36%
Union Business Cycle Fund
Regular Plan · IDCW Option · where the money sits
Not investment advice. InvestVerdict is not a SEBI-registered Investment
Adviser or Research Analyst. Every figure is computed from AMFI's published NAV history and the
portfolio the AMC filed with AMFI; none of it is a recommendation to buy, hold or sell. Past
returns do not predict future ones. Generated 30 Oct 2026.
