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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
₹510 Cr
down ₹10 Cr vs Jun 2026
- Stocks held
- 59
- unchanged
- Top 10 weight
- 35.4%
- of the portfolio in its ten largest
- Cash & debt
- 3.3%
- cash, money market and debt
- Moves this month
- 6 in · 6 out
- added to 10, trimmed 24
Union Business Cycle Fund is an active equity fund in the Sectoral / Thematic category from Union Mutual Fund. In July 2026 it disclosed 59 stocks worth ₹510 Cr, down ₹10 Cr from Jun 2026. Its largest positions were ICICI Bank Limited (9.0%), Larsen & Toubro Limited (4.2%), HDFC Bank Limited (4.1%); the ten largest together made up 35.4% of the portfolio, and Banks was the biggest sector at 25.3% of its equity. Cash and debt stood at 3.3%. Compared with Jun 2026 the fund entered 6 new stocks and exited 6.
Against 226 other Sectoral / Thematic funds
Concentration
19%
Top-10 weight is higher than 19% of peers
Breadth
84%
Holds more stocks than 84% of peers
Cash
49%
Holds more cash than 49% of peers
Holdings in July 2026
Download CSVEvery line the fund disclosed, with the change against Jun 2026. Click a column to sort; click a company to see every fund that owns it.
- Weight
- 8.97%
- Δ weight
- up 0.54 pts
- Value
- ₹45.8 Cr
- Δ value
- up ₹1.9 Cr
- Status
- Added
- Weight
- 4.20%
- Δ weight
- down 0.40 pts
- Value
- ₹21.4 Cr
- Δ value
- down ₹2.5 Cr
- Status
- Trimmed
- Weight
- 4.12%
- Δ weight
- down 0.45 pts
- Value
- ₹21 Cr
- Δ value
- down ₹2.7 Cr
- Status
- Trimmed
- Weight
- 3.19%
- Δ weight
- down 1.81 pts
- Value
- ₹16.3 Cr
- Δ value
- down ₹9.7 Cr
- Status
- Trimmed
- Cash, TREPS & receivables
- Weight
- 3.18%
- Δ weight
- up 0.59 pts
- Value
- ₹16.2 Cr
- Δ value
- up ₹2.7 Cr
- Status
- Added
- Weight
- 3.05%
- Δ weight
- up 0.06 pts
- Value
- ₹15.6 Cr
- Δ value
- up ₹1 L
- Status
- Held
- Weight
- 2.63%
- Δ weight
- up 1.04 pts
- Value
- ₹13.4 Cr
- Δ value
- up ₹5.2 Cr
- Status
- Added
- Weight
- 2.55%
- Δ weight
- up 0.49 pts
- Value
- ₹13 Cr
- Δ value
- up ₹2.3 Cr
- Status
- Added
- Weight
- 2.23%
- Δ weight
- up 0.47 pts
- Value
- ₹11.4 Cr
- Δ value
- up ₹2.2 Cr
- Status
- Added
- Weight
- 2.23%
- Δ weight
- up 0.07 pts
- Value
- ₹11.4 Cr
- Δ value
- up ₹12 L
- Status
- Added
- Weight
- 2.23%
- Δ weight
- up 1.46 pts
- Value
- ₹11.4 Cr
- Δ value
- up ₹7.4 Cr
- Status
- Added
- Weight
- 2.18%
- Δ weight
- up 1.13 pts
- Value
- ₹11.1 Cr
- Δ value
- up ₹5.7 Cr
- Status
- Added
- Weight
- 2.13%
- Δ weight
- down 0.87 pts
- Value
- ₹10.9 Cr
- Δ value
- down ₹4.7 Cr
- Status
- Trimmed
- Weight
- 2.05%
- Δ weight
- down 0.51 pts
- Value
- ₹10.4 Cr
- Δ value
- down ₹2.9 Cr
- Status
- Trimmed
- Weight
- 2.01%
- Δ weight
- up 0.16 pts
- Value
- ₹10.3 Cr
- Δ value
- up ₹63 L
- Status
- Added
- Weight
- 1.97%
- Δ weight
- up 1.97 pts
- Value
- ₹10 Cr
- Δ value
- up ₹10 Cr
- Status
- New
- Weight
- 1.94%
- Δ weight
- down 0.19 pts
- Value
- ₹9.9 Cr
- Δ value
- down ₹1.2 Cr
- Status
- Trimmed
- Weight
- 1.80%
- Δ weight
- up 0.09 pts
- Value
- ₹9.2 Cr
- Δ value
- up ₹28 L
- Status
- Added
- Weight
- 1.79%
- Δ weight
- up 0.83 pts
- Value
- ₹9.1 Cr
- Δ value
- up ₹4.1 Cr
- Status
- Added
- Weight
- 1.77%
- Δ weight
- up 1.77 pts
- Value
- ₹9 Cr
- Δ value
- up ₹9 Cr
- Status
- New
- Shriram Transport Finance Company LimitedShriram Finance Limited · history in this fund
- Weight
- 1.72%
- Δ weight
- up 0.04 pts
- Value
- ₹8.8 Cr
- Δ value
- up ₹4 L
- Status
- Held
- Weight
- 1.71%
- Δ weight
- up 0.09 pts
- Value
- ₹8.7 Cr
- Δ value
- up ₹28 L
- Status
- Added
- Weight
- 1.69%
- Δ weight
- down 0.95 pts
- Value
- ₹8.6 Cr
- Δ value
- down ₹5.1 Cr
- Status
- Trimmed
- Weight
- 1.63%
- Δ weight
- up 0.61 pts
- Value
- ₹8.3 Cr
- Δ value
- up ₹3 Cr
- Status
- Added
- Weight
- 1.62%
- Δ weight
- up 0.05 pts
- Value
- ₹8.2 Cr
- Δ value
- up ₹10 L
- Status
- Added
- Weight
- 1.57%
- Δ weight
- up 0.01 pts
- Value
- ₹8 Cr
- Δ value
- down ₹10 L
- Status
- Trimmed
- Weight
- 1.56%
- Δ weight
- up 0.24 pts
- Value
- ₹8 Cr
- Δ value
- up ₹1.1 Cr
- Status
- Added
- Weight
- 1.53%
- Δ weight
- down 1.25 pts
- Value
- ₹7.8 Cr
- Δ value
- down ₹6.7 Cr
- Status
- Trimmed
- Weight
- 1.51%
- Δ weight
- up 1.51 pts
- Value
- ₹7.7 Cr
- Δ value
- up ₹7.7 Cr
- Status
- New
- Weight
- 1.47%
- Δ weight
- up 1.47 pts
- Value
- ₹7.5 Cr
- Δ value
- up ₹7.5 Cr
- Status
- New
- Weight
- 1.47%
- Δ weight
- up 0.44 pts
- Value
- ₹7.5 Cr
- Δ value
- up ₹2.2 Cr
- Status
- Added
- Weight
- 1.39%
- Δ weight
- up 0.07 pts
- Value
- ₹7.1 Cr
- Δ value
- up ₹23 L
- Status
- Added
- Weight
- 1.36%
- Δ weight
- down 1.38 pts
- Value
- ₹7 Cr
- Δ value
- down ₹7.3 Cr
- Status
- Trimmed
- Weight
- 1.28%
- Δ weight
- up 0.04 pts
- Value
- ₹6.5 Cr
- Δ value
- up ₹5 L
- Status
- Added
- Weight
- 1.19%
- Δ weight
- up 0.49 pts
- Value
- ₹6.1 Cr
- Δ value
- up ₹2.4 Cr
- Status
- Added
- Weight
- 1.16%
- Δ weight
- down 1.47 pts
- Value
- ₹5.9 Cr
- Δ value
- down ₹7.8 Cr
- Status
- Trimmed
- Weight
- 1.13%
- Δ weight
- up 0.36 pts
- Value
- ₹5.8 Cr
- Δ value
- up ₹1.8 Cr
- Status
- Added
- Weight
- 1.10%
- Δ weight
- down 0.42 pts
- Value
- ₹5.6 Cr
- Δ value
- down ₹2.3 Cr
- Status
- Trimmed
- Weight
- 1.07%
- Δ weight
- down 0.04 pts
- Value
- ₹5.5 Cr
- Δ value
- down ₹33 L
- Status
- Trimmed
- Weight
- 1.04%
- Δ weight
- up 0.05 pts
- Value
- ₹5.3 Cr
- Δ value
- up ₹18 L
- Status
- Added
- Weight
- 1.01%
- Δ weight
- up 0.08 pts
- Value
- ₹5.1 Cr
- Δ value
- up ₹32 L
- Status
- Added
- Weight
- 1.01%
- Δ weight
- down 1.97 pts
- Value
- ₹5.1 Cr
- Δ value
- down ₹10.3 Cr
- Status
- Trimmed
- Weight
- 1.00%
- Δ weight
- down 0.13 pts
- Value
- ₹5.1 Cr
- Δ value
- down ₹78 L
- Status
- Trimmed
- Weight
- 0.99%
- Δ weight
- up 0.10 pts
- Value
- ₹5.1 Cr
- Δ value
- up ₹43 L
- Status
- Added
- Weight
- 0.98%
- Δ weight
- up 0.43 pts
- Value
- ₹5 Cr
- Δ value
- up ₹2.1 Cr
- Status
- Added
- Weight
- 0.96%
- Δ weight
- down 0.07 pts
- Value
- ₹4.9 Cr
- Δ value
- down ₹45 L
- Status
- Trimmed
- Weight
- 0.90%
- Δ weight
- up 0.15 pts
- Value
- ₹4.6 Cr
- Δ value
- up ₹68 L
- Status
- Added
- Weight
- 0.89%
- Δ weight
- up 0.89 pts
- Value
- ₹4.6 Cr
- Δ value
- up ₹4.6 Cr
- Status
- New
- Weight
- 0.84%
- Δ weight
- down 0.02 pts
- Value
- ₹4.3 Cr
- Δ value
- down ₹21 L
- Status
- Trimmed
- Weight
- 0.79%
- Δ weight
- up <0.01 pts
- Value
- ₹4 Cr
- Δ value
- down ₹7 L
- Status
- Trimmed
- Weight
- 0.78%
- Δ weight
- up 0.78 pts
- Value
- ₹4 Cr
- Δ value
- up ₹4 Cr
- Status
- New
- Weight
- 0.74%
- Δ weight
- down 0.62 pts
- Value
- ₹3.8 Cr
- Δ value
- down ₹3.3 Cr
- Status
- Trimmed
- Weight
- 0.71%
- Δ weight
- down 0.07 pts
- Value
- ₹3.6 Cr
- Δ value
- down ₹44 L
- Status
- Trimmed
- Weight
- 0.71%
- Δ weight
- down 0.28 pts
- Value
- ₹3.6 Cr
- Δ value
- down ₹1.5 Cr
- Status
- Trimmed
- Weight
- 0.69%
- Δ weight
- up 0.26 pts
- Value
- ₹3.5 Cr
- Δ value
- up ₹1.3 Cr
- Status
- Added
- Weight
- 0.67%
- Δ weight
- up 0.01 pts
- Value
- ₹3.4 Cr
- Δ value
- down ₹3 L
- Status
- Trimmed
- Weight
- 0.57%
- Δ weight
- up 0.05 pts
- Value
- ₹2.9 Cr
- Δ value
- up ₹18 L
- Status
- Added
- Weight
- 0.48%
- Δ weight
- up 0.01 pts
- Value
- ₹2.5 Cr
- Δ value
- up ₹2 L
- Status
- Added
- Weight
- 0.40%
- Δ weight
- up <0.01 pts
- Value
- ₹2.1 Cr
- Δ value
- down ₹4 L
- Status
- Trimmed
- Weight
- 0.35%
- Δ weight
- down 0.03 pts
- Value
- ₹1.8 Cr
- Δ value
- down ₹17 L
- Status
- Trimmed
- 91 Day Treasury BillsDebt
- Weight
- 0.08%
- Δ weight
- up 0.08 pts
- Value
- ₹41 L
- Δ value
- up ₹41 L
- Status
- New
- TVS Motor Company Ltd.Other
- Weight
- 0.03%
- Δ weight
- up <0.01 pts
- Value
- ₹16 L
- Δ value
- up ₹0 L
- Status
- Added
What changed, Jun 2026 to Jul 2026
New New positions (6)
- Prestige Estates Projects Limited2.0% · ₹10 Cr
- Cipla Limited1.8% · ₹9 Cr
- Delhivery Limited1.5% · ₹7.7 Cr
- Dixon Technologies (India) Limited1.5% · ₹7.5 Cr
- Angel One Limited0.9% · ₹4.6 Cr
- Dr. Lal Path Labs Limited0.8% · ₹4 Cr
Exited Exited (6)
- JSW Energy Limitedwas 2.1% · ₹10.9 Cr
- Suzlon Energy Limitedwas 1.0% · ₹5.3 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 Jun 2026, the weight rose most in IT - Software (+3.6 pts) and Pharmaceuticals & Biotechnology (+2.9 pts), and fell most in Electrical Equipment (−3.2 pts) and Power (−2.2 pts).
- IT - Software2.9% → 6.4%+3.6 pts
- Pharmaceuticals & Biotechnology4.8% → 7.7%+2.9 pts
- Realty0.0% → 2.0%new+2.0 pts
- Consumer Durables0.0% → 1.5%new+1.5 pts
- Capital Markets0.7% → 2.2%+1.4 pts
- Financial Technology (fintech)1.6% → 2.7%+1.1 pts
- Electrical Equipment7.0% → 3.8%−3.2 pts
- Power2.2% → 0.0%exited−2.2 pts
- Construction8.8% → 6.8%−2.0 pts
- Aerospace & Defense5.7% → 3.8%−1.9 pts
- Industrial Products5.2% → 3.4%−1.8 pts
- Banks26.9% → 25.3%−1.6 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 | Jun 2026 | Jul 2026 |
|---|---|---|
| Banks | 26.9% | 25.3% |
| Pharmaceuticals & Biotechnology | 4.8% | 7.7% |
| Construction | 8.8% | 6.8% |
| IT - Software | 2.9% | 6.4% |
| Finance | 4.6% | 5.3% |
| Chemicals & Petrochemicals | 5.8% | 5.2% |
| Auto Components | 4.6% | 5.1% |
| Healthcare Services | 3.8% | 4.3% |
| Aerospace & Defense | 5.7% | 3.8% |
| Electrical Equipment | 7.0% | 3.8% |
Allocation in Jul 2026change vs Jun 2026
- Banks (7)25.3%▼ 1.6 pts
- Pharmaceuticals & Biotechnology (6)7.7%▲ 2.9 pts
- Construction (3)6.8%
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, Jul 2026
3.3%
▲ 0.6 pts vs Jun 2026
- Cash alone
- 3.2%
- 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.