Loading…
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
₹520 Cr
up ₹8.4 Cr vs May 2026
- Stocks held
- 59
- unchanged
- Top 10 weight
- 39.7%
- of the portfolio in its ten largest
- Cash & debt
- 2.7%
- cash, money market and debt
- Moves this month
- 8 in · 8 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 June 2026 it disclosed 59 stocks worth ₹520 Cr, up ₹8.4 Cr from May 2026. Its largest positions were ICICI Bank Limited (8.4%), Axis Bank Limited (5.0%), Larsen & Toubro Limited (4.6%); the ten largest together made up 39.7% of the portfolio, and Banks was the biggest sector at 26.9% of its equity. Cash and debt stood at 2.7%. Compared with May 2026 the fund entered 8 new stocks and exited 8.
Against 226 other Sectoral / Thematic funds
Concentration
33%
Top-10 weight is higher than 33% of peers
Breadth
84%
Holds more stocks than 84% of peers
Cash
39%
Holds more cash than 39% of peers
Holdings in June 2026
Download CSVEvery line the fund disclosed, with the change against May 2026. Click a column to sort; click a company to see every fund that owns it.
| ICICI Bank Limited | 8.43% | up 1.95 pts | ₹43.8 Cr | up ₹10.7 Cr | Added |
| Axis Bank Limited | 4.99% | up 0.88 pts | ₹26 Cr | up ₹4.9 Cr | Added |
| Larsen & Toubro Limited | 4.60% | up 1.21 pts | ₹23.9 Cr | up ₹6.6 Cr | Added |
| HDFC Bank Limited | 4.57% | up 2.18 pts | ₹23.7 Cr | up ₹11.5 Cr | Added |
| Bharat Heavy Electricals Limited | 3.00% | down 1.15 pts | ₹15.6 Cr | down ₹5.6 Cr | Trimmed |
| State Bank of India | 2.99% | up 1.53 pts | ₹15.6 Cr | up ₹8.1 Cr | Added |
| InterGlobe Aviation Limited | 2.97% | up 1.61 pts | ₹15.5 Cr | up ₹8.5 Cr | Added |
| GE Vernova T&D India Limited | 2.79% | down 0.16 pts | ₹14.5 Cr | down ₹60 L | Trimmed |
| Cummins India Limited | 2.75% | down 0.50 pts | ₹14.3 Cr | down ₹2.3 Cr | Trimmed |
| Power Mech Projects Limited | 2.63% | down 0.09 pts | ₹13.7 Cr | down ₹26 L | Trimmed |
| Data Patterns (India) Limited | 2.63% | up 0.23 pts | ₹13.7 Cr | up ₹1.4 Cr | Added |
| Cash, TREPS & receivables | 2.59% | down 1.53 pts | ₹13.5 Cr | down ₹7.6 Cr | Trimmed |
| Solar Industries India Limited | 2.56% | down 0.99 pts | ₹13.3 Cr | down ₹4.8 Cr | Trimmed |
| Reliance Industries Limited | 2.16% | down 0.08 pts | ₹11.2 Cr | down ₹24 L | Trimmed |
| Navin Fluorine International Limited | 2.14% | up 0.12 pts | ₹11.1 Cr | up ₹81 L | Added |
| JSW Energy Limited | 2.10% | down 0.34 pts | ₹10.9 Cr | down ₹1.6 Cr | Trimmed |
| Ujjivan Small Finance Bank Limited | 2.06% | up 0.13 pts | ₹10.7 Cr | up ₹85 L | Added |
| Sai Life Sciences Limited | 1.85% | up 0.08 pts | ₹9.6 Cr | up ₹58 L | Added |
| Sona BLW Precision Forgings Limited | 1.76% | up 0.01 pts | ₹9.2 Cr | up ₹18 L | Added |
| Apollo Hospitals Enterprise Limited | 1.71% | up 0.28 pts | ₹8.9 Cr | up ₹1.6 Cr | Added |
| Shriram Transport Finance Company Limited Shriram Finance Limited · history in this fund | 1.68% | up 1.68 pts | ₹8.7 Cr | up ₹8.7 Cr | New |
| Tata Motors Ltd | 1.62% | up 1.62 pts | ₹8.4 Cr | up ₹8.4 Cr | New |
| One 97 Communications Limited | 1.59% | up 0.01 pts | ₹8.3 Cr | up ₹16 L | Added |
| Motherson Sumi Wiring India Limited | 1.57% | up 0.02 pts | ₹8.1 Cr | up ₹23 L | Added |
| Krishna Institute Of Medical Sciences Limited | 1.56% | up 1.06 pts | ₹8.1 Cr | up ₹5.6 Cr | Added |
| KEI Industries Limited | 1.52% | up 0.02 pts | ₹7.9 Cr | up ₹23 L | Added |
| ITD Cementation India Limited | 1.36% | up 0.22 pts | ₹7.1 Cr | up ₹1.2 Cr | Added |
| RBL Bank Limited | 1.32% | up 1.32 pts | ₹6.9 Cr | up ₹6.9 Cr | New |
| Cholamandalam Investment and Finance Company Limited | 1.32% | up 1.32 pts | ₹6.9 Cr | up ₹6.9 Cr | New |
| Maruti Suzuki India Limited | 1.25% | up 0.25 pts | ₹6.5 Cr | up ₹1.4 Cr | Added |
| Bank of Maharashtra | 1.13% | up 0.13 pts | ₹5.9 Cr | up ₹78 L | Added |
| ZF Commercial Vehicle Control Systems India Limited | 1.12% | up 0.03 pts | ₹5.8 Cr | up ₹27 L | Added |
| Coforge Limited | 1.05% | up 1.05 pts | ₹5.4 Cr | up ₹5.4 Cr | New |
| Zen Technologies Limited | 1.03% | up 0.34 pts | ₹5.3 Cr | up ₹1.8 Cr | Added |
| Mankind Pharma Limited | 1.03% | up 0.34 pts | ₹5.3 Cr | up ₹1.8 Cr | Added |
| Suzlon Energy Limited | 1.01% | up 0.02 pts | ₹5.3 Cr | up ₹17 L | Added |
| ARVIND LTD. | 1.01% | up 0.18 pts | ₹5.3 Cr | up ₹1 Cr | Added |
| Bharat Electronics Limited | 0.99% | down 1.95 pts | ₹5.2 Cr | down ₹9.9 Cr | Trimmed |
| Max Financial Services Limited | 0.98% | down 1.16 pts | ₹5.1 Cr | down ₹5.8 Cr | Trimmed |
| JSW Steel Limited | 0.98% | down 0.06 pts | ₹5.1 Cr | down ₹21 L | Trimmed |
| MphasiS Limited | 0.96% | down 0.48 pts | ₹5 Cr | down ₹2.4 Cr | Trimmed |
| Aarti Industries Limited | 0.93% | down 0.05 pts | ₹4.8 Cr | down ₹18 L | Trimmed |
| Fusion Finance Limited | 0.89% | up 0.04 pts | ₹4.6 Cr | up ₹29 L | Added |
| Garden Reach Shipbuilders & Engineers Limited | 0.86% | up 0.01 pts | ₹4.5 Cr | up ₹12 L | Added |
| Jindal Saw Limited | 0.79% | up 0.25 pts | ₹4.1 Cr | up ₹1.3 Cr | Added |
| K.P.R. Mill Limited | 0.78% | up 0.25 pts | ₹4.1 Cr | up ₹1.3 Cr | Added |
| Aurobindo Pharma Limited | 0.77% | down 0.73 pts | ₹4 Cr | down ₹3.7 Cr | Trimmed |
| Tech Mahindra Limited | 0.77% | up 0.77 pts | ₹4 Cr | up ₹4 Cr | New |
| PVR Limited | 0.75% | down 0.92 pts | ₹3.9 Cr | down ₹4.7 Cr | Trimmed |
| Tata Steel Limited | 0.72% | down 1.97 pts | ₹3.7 Cr | down ₹10 Cr | Trimmed |
What changed, May 2026 to Jun 2026
New New positions (8)
- Shriram Transport Finance Company Limited1.7% · ₹8.7 Cr
- Tata Motors Ltd1.6% · ₹8.4 Cr
- RBL Bank Limited1.3% · ₹6.9 Cr
- Cholamandalam Investment and Finance Company Limited1.3% · ₹6.9 Cr
- Coforge Limited1.0% · ₹5.4 Cr
- Tech Mahindra Limited0.8% · ₹4 Cr
- Adani Enterprises Limited0.7% · ₹3.4 Cr
- Wockhardt Limited0.5% · ₹2.4 Cr
Exited Exited (8)
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 May 2026, the weight rose most in Banks (+6.7 pts) and Finance (+3.2 pts), and fell most in Ferrous Metals (−3.0 pts) and Pharmaceuticals & Biotechnology (−2.2 pts).
- Banks20.2% → 26.9%+6.7 pts
- Finance1.4% → 4.6%+3.2 pts
- Agricultural, Commercial & Construction Vehicles0.0% → 1.7%new+1.7 pts
- Transport Services1.4% → 3.1%+1.6 pts
- IT - Software1.5% → 2.9%+1.4 pts
- Healthcare Services2.5% → 3.8%+1.3 pts
- Ferrous Metals4.7% → 1.7%−3.0 pts
- Pharmaceuticals & Biotechnology7.0% → 4.8%−2.2 pts
- Insurance3.0% → 1.0%−2.0 pts
- Automobiles3.1% → 1.3%−1.8 pts
- Capital Markets2.3% → 0.7%−1.6 pts
- Aerospace & Defense7.2% → 5.7%−1.5 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 | Jun 2026 |
|---|---|---|
| Banks | 20.2% | 26.9% |
| Construction | 7.6% | 8.8% |
| Electrical Equipment | 8.5% | 7.0% |
| Chemicals & Petrochemicals | 6.8% | 5.8% |
| Aerospace & Defense | 7.2% | 5.7% |
| Industrial Products | 5.5% | 5.2% |
| Pharmaceuticals & Biotechnology | 7.0% | 4.8% |
| Auto Components | 4.6% | 4.6% |
| Finance | 1.4% | 4.6% |
| Healthcare Services | 2.5% | 3.8% |
Allocation in Jun 2026change vs May 2026
- Banks (8)26.9%▲ 6.7 pts
- Construction (3)8.8%▲ 1.3 pts
- Electrical Equipment (3)7.0%▼ 1.5 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, Jun 2026
2.7%
▼ 1.5 pts vs May 2026
- Cash alone
- 2.6%
- 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.