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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
₹512 Cr
May 2026
- Stocks held
- 59
- Top 10 weight
- 36.2%
- of the portfolio in its ten largest
- Cash & debt
- 4.2%
- cash, money market and debt
- Moves this month
- —
- no earlier month
Union Business Cycle Fund is an active equity fund in the Sectoral / Thematic category from Union Mutual Fund. In May 2026 it disclosed 59 stocks worth ₹512 Cr. Its largest positions were ICICI Bank Limited (6.5%), Bharat Heavy Electricals Limited (4.1%), Axis Bank Limited (4.1%); the ten largest together made up 36.2% of the portfolio, and Banks was the biggest sector at 20.2% of its equity. Cash and debt stood at 4.2%.
Against 226 other Sectoral / Thematic funds
Concentration
21%
Top-10 weight is higher than 21% of peers
Breadth
84%
Holds more stocks than 84% of peers
Cash
64%
Holds more cash than 64% of peers
Holdings in May 2026
Download CSVEvery line the fund disclosed, with the change against the previous month. Click a column to sort; click a company to see every fund that owns it.
What changed
This is the earliest month on record for the fund.
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
No earlier month with a sector split to compare against.
Allocation in May 2026
- Banks (8)20.2%
- Electrical Equipment (3)8.5%
- Construction (3)7.6%
- Aerospace & Defense (4)7.2%
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, May 2026
4.2%
- Cash alone
- 4.1%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- —
- lowest to highest · record 4.2% in May 2026
Not enough months to draw.
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.