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Sectoral / Thematic · Union Mutual Fund · AMFI code 152409Union Business Cycle Fund
Disclosed for 5 months, May 2026 to Sep 2026.Published as: UNION BUSINESS CYCLE FUND
Portfolio value
₹518 Cr
up ₹8 Cr vs Jul 2026
- Stocks held
- 59
- unchanged
- Top 10 weight
- 31.9%
- of the portfolio in its ten largest
- Cash & debt
- 4.2%
- cash, money market and debt
- Moves this month
- 5 in · 5 out
- added to 10, trimmed 19
Union Business Cycle Fund is an active equity fund in the Sectoral / Thematic category from Union Mutual Fund. In August 2026 it disclosed 59 stocks worth ₹518 Cr, up ₹8 Cr from Jul 2026. Its largest positions were ICICI Bank Limited (6.4%), Larsen & Toubro Limited (4.2%), One 97 Communications Limited (3.3%); the ten largest together made up 31.9% of the portfolio, and Banks was the biggest sector at 18.2% of its equity. Cash and debt stood at 4.2%. Compared with Jul 2026 the fund entered 5 new stocks and exited 5.
Against 226 other Sectoral / Thematic funds
Concentration
11%
Top-10 weight is higher than 11% of peers
Breadth
84%
Holds more stocks than 84% of peers
Cash
64%
Holds more cash than 64% of peers
Holdings in August 2026
Download CSVEvery line the fund disclosed, with the change against Jul 2026. Click a column to sort; click a company to see every fund that owns it.
- Weight
- 6.43%
- Δ weight
- down 2.54 pts
- Value
- ₹33.3 Cr
- Δ value
- down ₹12.4 Cr
- Status
- Trimmed
- Weight
- 4.24%
- Δ weight
- up 0.05 pts
- Value
- ₹22 Cr
- Δ value
- up ₹58 L
- Status
- Added
- Cash, TREPS & receivables
- Weight
- 4.13%
- Δ weight
- up 0.95 pts
- Value
- ₹21.4 Cr
- Δ value
- up ₹5.2 Cr
- Status
- Added
- Weight
- 3.32%
- Δ weight
- up 0.68 pts
- Value
- ₹17.2 Cr
- Δ value
- up ₹3.7 Cr
- Status
- Added
- Weight
- 3.05%
- Δ weight
- down 0.13 pts
- Value
- ₹15.8 Cr
- Δ value
- down ₹43 L
- Status
- Trimmed
- Shriram Transport Finance Company LimitedShriram Finance Limited · history in this fund
- Weight
- 2.79%
- Δ weight
- up 1.07 pts
- Value
- ₹14.5 Cr
- Δ value
- up ₹5.7 Cr
- Status
- Added
- Weight
- 2.75%
- Δ weight
- down 1.36 pts
- Value
- ₹14.3 Cr
- Δ value
- down ₹6.7 Cr
- Status
- Trimmed
- Weight
- 2.48%
- Δ weight
- up 0.30 pts
- Value
- ₹12.8 Cr
- Δ value
- up ₹1.7 Cr
- Status
- Added
- Weight
- 2.32%
- Δ weight
- up 0.09 pts
- Value
- ₹12 Cr
- Δ value
- up ₹65 L
- Status
- Added
- Weight
- 2.28%
- Δ weight
- up 0.15 pts
- Value
- ₹11.8 Cr
- Δ value
- up ₹95 L
- Status
- Added
- Weight
- 2.20%
- Δ weight
- up 0.16 pts
- Value
- ₹11.4 Cr
- Δ value
- up ₹97 L
- Status
- Added
- Weight
- 2.20%
- Δ weight
- up 0.19 pts
- Value
- ₹11.4 Cr
- Δ value
- up ₹1.1 Cr
- Status
- Added
- Weight
- 2.19%
- Δ weight
- up 0.25 pts
- Value
- ₹11.4 Cr
- Δ value
- up ₹1.5 Cr
- Status
- Added
- Weight
- 2.10%
- Δ weight
- up 0.48 pts
- Value
- ₹10.9 Cr
- Δ value
- up ₹2.6 Cr
- Status
- Added
- Weight
- 2.05%
- Δ weight
- up 0.09 pts
- Value
- ₹10.6 Cr
- Δ value
- up ₹60 L
- Status
- Added
- Weight
- 1.97%
- Δ weight
- down 0.26 pts
- Value
- ₹10.2 Cr
- Δ value
- down ₹1.2 Cr
- Status
- Trimmed
- Weight
- 1.95%
- Δ weight
- up 1.17 pts
- Value
- ₹10.1 Cr
- Δ value
- up ₹6.1 Cr
- Status
- Added
- Weight
- 1.94%
- Δ weight
- up 0.47 pts
- Value
- ₹10 Cr
- Δ value
- up ₹2.5 Cr
- Status
- Added
- Weight
- 1.93%
- Δ weight
- up 0.22 pts
- Value
- ₹10 Cr
- Δ value
- up ₹1.3 Cr
- Status
- Added
- Weight
- 1.93%
- Δ weight
- down 1.12 pts
- Value
- ₹10 Cr
- Δ value
- down ₹5.6 Cr
- Status
- Trimmed
- Weight
- 1.87%
- Δ weight
- up 1.87 pts
- Value
- ₹9.7 Cr
- Δ value
- up ₹9.7 Cr
- Status
- New
- Weight
- 1.83%
- Δ weight
- up 0.04 pts
- Value
- ₹9.5 Cr
- Δ value
- up ₹33 L
- Status
- Added
- Weight
- 1.80%
- Δ weight
- up 0.24 pts
- Value
- ₹9.3 Cr
- Δ value
- up ₹1.4 Cr
- Status
- Added
- Weight
- 1.66%
- Δ weight
- down 0.10 pts
- Value
- ₹8.6 Cr
- Δ value
- down ₹39 L
- Status
- Trimmed
- Weight
- 1.65%
- Δ weight
- down 0.58 pts
- Value
- ₹8.5 Cr
- Δ value
- down ₹2.8 Cr
- Status
- Trimmed
- Weight
- 1.63%
- Δ weight
- down 0.06 pts
- Value
- ₹8.5 Cr
- Δ value
- down ₹15 L
- Status
- Trimmed
- Weight
- 1.61%
- Δ weight
- down 0.19 pts
- Value
- ₹8.3 Cr
- Δ value
- down ₹85 L
- Status
- Trimmed
- Weight
- 1.55%
- Δ weight
- up 0.02 pts
- Value
- ₹8 Cr
- Δ value
- up ₹22 L
- Status
- Added
- Weight
- 1.42%
- Δ weight
- down 1.13 pts
- Value
- ₹7.4 Cr
- Δ value
- down ₹5.7 Cr
- Status
- Trimmed
- Weight
- 1.41%
- Δ weight
- up 0.22 pts
- Value
- ₹7.3 Cr
- Δ value
- up ₹1.2 Cr
- Status
- Added
- Weight
- 1.37%
- Δ weight
- down 0.02 pts
- Value
- ₹7.1 Cr
- Δ value
- up ₹3 L
- Status
- Held
- Weight
- 1.34%
- Δ weight
- up 0.67 pts
- Value
- ₹6.9 Cr
- Δ value
- up ₹3.5 Cr
- Status
- Added
- Weight
- 1.28%
- Δ weight
- down 0.28 pts
- Value
- ₹6.7 Cr
- Δ value
- down ₹1.3 Cr
- Status
- Trimmed
- Weight
- 1.27%
- Δ weight
- up 0.91 pts
- Value
- ₹6.6 Cr
- Δ value
- up ₹4.8 Cr
- Status
- Added
- Weight
- 1.24%
- Δ weight
- up 1.24 pts
- Value
- ₹6.4 Cr
- Δ value
- up ₹6.4 Cr
- Status
- New
- Weight
- 1.24%
- Δ weight
- up 0.14 pts
- Value
- ₹6.4 Cr
- Δ value
- up ₹83 L
- Status
- Added
- Weight
- 1.24%
- Δ weight
- down 0.12 pts
- Value
- ₹6.4 Cr
- Δ value
- down ₹52 L
- Status
- Trimmed
- Weight
- 1.21%
- Δ weight
- up 0.08 pts
- Value
- ₹6.3 Cr
- Δ value
- up ₹50 L
- Status
- Added
- Weight
- 1.21%
- Δ weight
- up 0.05 pts
- Value
- ₹6.3 Cr
- Δ value
- up ₹33 L
- Status
- Added
- Weight
- 1.17%
- Δ weight
- up 0.18 pts
- Value
- ₹6.1 Cr
- Δ value
- up ₹1 Cr
- Status
- Added
- Weight
- 1.17%
- Δ weight
- up 0.21 pts
- Value
- ₹6 Cr
- Δ value
- up ₹1.1 Cr
- Status
- Added
- Weight
- 1.16%
- Δ weight
- up 0.48 pts
- Value
- ₹6 Cr
- Δ value
- up ₹2.5 Cr
- Status
- Added
- Weight
- 1.11%
- Δ weight
- up 0.11 pts
- Value
- ₹5.8 Cr
- Δ value
- up ₹63 L
- Status
- Added
- Weight
- 1.11%
- Δ weight
- up 0.03 pts
- Value
- ₹5.7 Cr
- Δ value
- up ₹26 L
- Status
- Added
- Weight
- 1.05%
- Δ weight
- up 0.01 pts
- Value
- ₹5.4 Cr
- Δ value
- up ₹16 L
- Status
- Added
- Weight
- 1.05%
- Δ weight
- up 0.65 pts
- Value
- ₹5.4 Cr
- Δ value
- up ₹3.4 Cr
- Status
- Added
- Weight
- 1.04%
- Δ weight
- up 0.14 pts
- Value
- ₹5.4 Cr
- Δ value
- up ₹81 L
- Status
- Added
- Weight
- 1.00%
- Δ weight
- down <0.01 pts
- Value
- ₹5.2 Cr
- Δ value
- up ₹6 L
- Status
- Added
- Weight
- 0.89%
- Δ weight
- down 0.61 pts
- Value
- ₹4.6 Cr
- Δ value
- down ₹3 Cr
- Status
- Trimmed
- Weight
- 0.88%
- Δ weight
- up 0.10 pts
- Value
- ₹4.6 Cr
- Δ value
- up ₹59 L
- Status
- Added
- Weight
- 0.85%
- Δ weight
- down 0.05 pts
- Value
- ₹4.4 Cr
- Δ value
- down ₹17 L
- Status
- Trimmed
- Weight
- 0.83%
- Δ weight
- down 0.15 pts
- Value
- ₹4.3 Cr
- Δ value
- down ₹72 L
- Status
- Trimmed
- Weight
- 0.79%
- Δ weight
- up 0.07 pts
- Value
- ₹4.1 Cr
- Δ value
- up ₹44 L
- Status
- Added
- Weight
- 0.76%
- Δ weight
- down 0.71 pts
- Value
- ₹4 Cr
- Δ value
- down ₹3.5 Cr
- Status
- Trimmed
- Weight
- 0.65%
- Δ weight
- down 0.09 pts
- Value
- ₹3.4 Cr
- Δ value
- down ₹39 L
- Status
- Trimmed
- Weight
- 0.55%
- Δ weight
- down 0.02 pts
- Value
- ₹2.8 Cr
- Δ value
- down ₹7 L
- Status
- Trimmed
- Weight
- 0.49%
- Δ weight
- up 0.49 pts
- Value
- ₹2.5 Cr
- Δ value
- up ₹2.5 Cr
- Status
- New
- Weight
- 0.46%
- Δ weight
- down 0.03 pts
- Value
- ₹2.4 Cr
- Δ value
- down ₹10 L
- Status
- Trimmed
- Weight
- 0.45%
- Δ weight
- up 0.45 pts
- Value
- ₹2.3 Cr
- Δ value
- up ₹2.3 Cr
- Status
- New
- Weight
- 0.32%
- Δ weight
- up 0.32 pts
- Value
- ₹1.7 Cr
- Δ value
- up ₹1.7 Cr
- Status
- New
- 91 Day Treasury BillsDebt
- Weight
- 0.08%
- Δ weight
- down <0.01 pts
- Value
- ₹42 L
- Δ value
- up ₹0 L
- Status
- Held
- TVS Motor Company Ltd.Other
- Weight
- 0.03%
- Δ weight
- down <0.01 pts
- Value
- ₹16 L
- Δ value
- up ₹0 L
- Status
- Added
What changed, Jul 2026 to Aug 2026
New New positions (5)
- Bharti Airtel Limited1.9% · ₹9.7 Cr
- Devyani International Limited1.2% · ₹6.4 Cr
- Hindustan Zinc Limited0.5% · ₹2.5 Cr
- Filatex India Limited0.4% · ₹2.3 Cr
- Welspun Corp Limited0.3% · ₹1.7 Cr
Exited Exited (5)
- Motherson Sumi Wiring India Limitedwas 1.6% · ₹8.2 Cr
- Maruti Suzuki India Limitedwas 1.3% · ₹6.5 Cr
- Bank of Maharashtrawas 1.0% · ₹5.1 Cr
Sectors
Which sectors the fund is moving towards and away from, and where its money sits now. Shares are of the fund’s classified equity holdings, so they add up to 100%.
Where the weight moved
Compared with
Since Jul 2026, the weight rose most in Textiles & Apparels (+2.0 pts) and Telecom - Services (+1.9 pts), and fell most in Banks (−7.1 pts) and Auto Components (−1.5 pts).
- Textiles & Apparels1.8% → 3.8%+2.0 pts
- Telecom - Services0.0% → 1.9%new+1.9 pts
- Industrial Products3.4% → 5.0%+1.6 pts
- Leisure Services0.0% → 1.3%new+1.3 pts
- Non - Ferrous Metals0.4% → 1.6%+1.2 pts
- Finance5.3% → 6.4%+1.2 pts
- Banks25.3% → 18.2%−7.1 pts
- Auto Components5.1% → 3.6%−1.5 pts
- Automobiles1.3% → 0.0%exited−1.3 pts
- Aerospace & Defense3.8% → 2.5%−1.3 pts
- Transport Services2.6% → 2.0%−0.6 pts
- Pharmaceuticals & Biotechnology7.7% → 7.1%−0.5 pts
A sector’s weight changes when the fund buys or sells, and also when its shares rise or fall in price, so a change is not by itself a sign of buying or selling.
Main sectors’ weights over time
| Sector | May 2026 | Jul 2026 | Aug 2026 |
|---|---|---|---|
| Banks | 20.2% | 25.3% | 18.2% |
| Pharmaceuticals & Biotechnology | 7.0% | 7.7% | 7.1% |
| Construction | 7.6% | 6.8% | 6.8% |
| Finance | 1.4% | 5.3% | 6.4% |
| IT - Software | 1.5% | 6.4% | 6.2% |
| Chemicals & Petrochemicals | 6.8% | 5.2% | 5.8% |
| Industrial Products | 5.5% | 3.4% | 5.0% |
| Electrical Equipment | 8.5% | 3.8% | 4.0% |
| Healthcare Services | 2.5% | 4.3% | 3.9% |
| Textiles & Apparels | 1.2% | 1.8% | 3.8% |
Allocation in Aug 2026change vs Jul 2026
- Banks (6)18.2%▼ 7.1 pts
- Pharmaceuticals & Biotechnology (6)7.1%▼ 0.5 pts
Cash and debt
The share of the portfolio not in shares: cash and net receivables, money-market instruments and bonds, as disclosed each month. Cash can dip below zero when payables, often on derivative positions, exceed it. A change here describes what the fund did; it is not a signal.
Cash & debt, Aug 2026
4.2%
▲ 0.9 pts vs Jul 2026
- Cash alone
- 4.2%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 2.7% – 4.2%
- lowest to highest · record 4.2% in May 2026
History
Disclosed portfolio value by month, with the stocks the fund entered and exited against its previous disclosure. Every month is a link to that portfolio.