Scheme

Union Business Cycle Fund

Holds 59 companies worth ₹496 Cr in Aug 2026.

Fund house
UnionThe fund house that runs this scheme.
AUM
₹485 CrUnion Business Cycle Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 6.3% on Aug 2026, ₹518 Cr.
Largest holding
ICICI BankICICI Bank is 6.4% of this scheme's NAV.
Fund manager
Harshad PatwardhanRuns its co-manager part since 1 Nov 2024, as the fund house dates it. With Pratik Dharmshi (co-manager).

Holdings^{(Mar 2024 – Aug 2026)}

Holdings in Aug 2026. Tick up to 2 to plot them.
Plot	59 companies ·	₹ Cr
	ICICI Bank	33.3
	Larsen and Toubro	22
	One 97 Communications Limited	17.2
	Axis Bank	15.8
	Shriram Finance Limited	14.5
	HDFC Bank	14.3
	Coforge Limited	12.8
	Sona Blw Precision Forgings	12
	Bharat Heavy Electricals	11.8
	Solar Industries India	11.4
	Sai Life Sciences Limited	11.4
	Navin Flourine International Ltd	11.4
	Arvind	10.9
	Prestige Estate Project	10.6
	Reliance Industries	10.2
	Jindal Saw Limited	10.1
	Dixon Technologies India Limited	10
	Tata Motors Limited	10
	State Bank of India	10
	Bharti Airtel Limited	9.7
	MphasiS	9.5
	Ratnakar Bank Limited	9.3
	Cipla	8.6
	Tech Mahindra	8.5
	Power Mech Projects Limited	8.5
	Apollo Hospitals Enterprise Limited	8.3
	GE Vernova T D India Limited	8
	Ujjivan Small Finance Bank Limited	7.4
	360 One Wam Limited	7.3
	Cholamandalam DBS Finance	7.1
	Adani Enterprises	6.9
	Krishna Institute of Medical Science Ltd	6.7
	Indo Count Industries Limited	6.6
	Devyani international limited	6.4
	KEI Industries Limited	6.4
	Cummins India	6.4
	Aurobindo Pharma	6.3
	Data Patterns India Limited	6.3
	Fusion Finance Limited	6.1
	Zen Technologies Limited	6
	Gokaldas Exports Limited	6
	Aarti Industries Limited	5.8
	ZF Commercial Vehicle Control Systems India Limited	5.7
	JSW Steel	5.5
	Hindustan Copper Limited	5.4
	PVR INOX Limited	5.4
	Interglobe Aviation Limited	5.2
	Delhivery Limited	4.6
	Dr Lal Path Labs Limited	4.6
	Angel One Limited	4.4

ICICI Bank
Larsen and Toubro

Market value of each ticked company in Union Business Cycle Fund, ₹ crore. Month end. Source: AMC monthly portfolio disclosures.
Month	ICICI Bank	Larsen and Toubro
Aug 2025	₹34.2 Cr	₹16.9 Cr
Sept 2025	₹30.1 Cr	₹17.1 Cr
Oct 2025	₹31.8 Cr	₹20.4 Cr
Nov 2025	₹26.2 Cr	₹20.5 Cr
Dec 2025	₹25.4 Cr	₹23.5 Cr
Jan 2026	₹21.8 Cr	₹21.2 Cr
Feb 2026	₹23.4 Cr	₹24.4 Cr
Mar 2026	₹20.8 Cr	₹9.1 Cr
Apr 2026	₹35.1 Cr	₹12.9 Cr
May 2026	₹33.2 Cr	₹17.3 Cr
Jun 2026	₹43.8 Cr	₹23.9 Cr
Jul 2026	₹45.8 Cr	₹21.4 Cr
Aug 2026	₹33.3 Cr	₹22 Cr

Fig. 1.Market value of each ticked company in Union Business Cycle Fund, ₹ crore. Month end. Source: AMC monthly portfolio disclosures.

Allocation^{(Aug 2026)}

Market cap

		% of NAV
Large Cap	20	42.85

Mid Cap	12	21.16

Small Cap	27	31.72

Cash & others		4.27

Sectors

Companies

Fig. 2.This scheme's holdings, by market cap, by sector and by company. Hover a slice or a row; click a slice to open it.

Buying and selling, month by month^{(Sept 2025 – Aug 2026)}

Buying and selling, month by month. Change in market value since the previous month, ₹ crore. Month end. Source: AMC monthly portfolio disclosures.

Fig. 3.Change in market value since the previous month, ₹ crore. Month end. Source: AMC monthly portfolio disclosures.

Portfolio^{(Aug 2026)}

Every holding in Aug 2026: its shares, market value (₹ crore) and % of NAV. Month end. Source: AMC monthly portfolio disclosures. Click a column's header to sort by it.

ICICI Bank	Equity	Banks	2.29L	33.3	6.43
Larsen and Toubro	Equity	Construction	54.3K	22	4.24
One 97 Communications Limited	Equity	Financial Technology (Fintech)	1L	17.2	3.32
Axis Bank	Equity	Banks	1.22L	15.8	3.05
Shriram Finance Limited	Equity	Finance	1.3L	14.5	2.79
HDFC Bank	Equity	Banks	2.01L	14.3	2.75
Coforge Limited	Equity	IT - Software	64.6K	12.8	2.48
Sona Blw Precision Forgings	Equity	Auto Components	1.48L	12	2.32
Bharat Heavy Electricals	Equity	Electrical Equipment	2.67L	11.8	2.28
Solar Industries India	Equity	Chemicals & Petrochemicals	5.67K	11.4	2.20
Sai Life Sciences Limited	Equity	Pharmaceuticals & Biotechnology	78.1K	11.4	2.20
Navin Flourine International Ltd	Equity	Chemicals & Petrochemicals	13.1K	11.4	2.19
Arvind	Equity	Textiles & Apparels	1.96L	10.9	2.10
Prestige Estate Project	Equity	Realty	65.2K	10.6	2.05
Reliance Industries	Equity	Petroleum Products	79.9K	10.2	1.97
Jindal Saw Limited	Equity	Industrial Products	3.27L	10.1	1.95
Dixon Technologies India Limited	Equity	Consumer Durables	6.75K	10	1.94
Tata Motors Limited	Equity	Agricultural, Commercial & Construction Vehicles	2.13L	10	1.93
State Bank of India	Equity	Banks	94.3K	10	1.93
Bharti Airtel Limited	Equity	Telecom - Services	53.3K	9.7	1.87
MphasiS	Equity	IT - Software	39K	9.5	1.83
Ratnakar Bank Limited	Equity	Banks	2.46L	9.3	1.80
Cipla	Equity	Pharmaceuticals & Biotechnology	61.1K	8.6	1.66
Tech Mahindra	Equity	IT - Software	52.3K	8.5	1.65
Power Mech Projects Limited	Equity	Construction	33.5K	8.5	1.63
Apollo Hospitals Enterprise Limited	Equity	Healthcare Services	9.37K	8.3	1.61
GE Vernova T D India Limited	Equity	Electrical Equipment	18.1K	8	1.55
Ujjivan Small Finance Bank Limited	Equity	Banks	10.7L	7.4	1.42
360 One Wam Limited	Equity	Capital Markets	62.1K	7.3	1.41
Cholamandalam DBS Finance	Equity	Finance	38.3K	7.1	1.37
Adani Enterprises	Equity	Metals & Minerals Trading	24.2K	6.9	1.34
Krishna Institute of Medical Science Ltd	Equity	Healthcare Services	88K	6.7	1.28
Indo Count Industries Limited	Equity	Textiles & Apparels	1.4L	6.6	1.27
Devyani international limited	Equity	Leisure Services	4.64L	6.4	1.24
KEI Industries Limited	Equity	Industrial Products	11.2K	6.4	1.24
Cummins India	Equity	Industrial Products	12.6K	6.4	1.24
Aurobindo Pharma	Equity	Pharmaceuticals & Biotechnology	36.4K	6.3	1.21
Data Patterns India Limited	Equity	Aerospace & Defense	13.8K	6.3	1.21
Fusion Finance Limited	Equity	Finance	3.03L	6.1	1.17
Zen Technologies Limited	Equity	Aerospace & Defense	33.9K	6	1.17
Gokaldas Exports Limited	Equity	Textiles & Apparels	77.1K	6	1.16
Aarti Industries Limited	Equity	Chemicals & Petrochemicals	1.1L	5.8	1.11
ZF Commercial Vehicle Control Systems India Limited	Equity	Auto Components	22.6K	5.7	1.11
JSW Steel	Equity	Ferrous Metals	41.6K	5.5	1.05
Hindustan Copper Limited	Equity	Non - Ferrous Metals	1.04L	5.4	1.05
PVR INOX Limited	Equity	Entertainment	44.5K	5.4	1.04
Interglobe Aviation Limited	Equity	Transport Services	9.92K	5.2	1.00
Delhivery Limited	Equity	Transport Services	1.02L	4.6	0.89
Dr Lal Path Labs Limited	Equity	Healthcare Services	23.6K	4.6	0.88
Angel One Limited	Equity	Capital Markets	1.53L	4.4	0.85
Creditaccess Grameen Limited	Equity	Finance	31.5K	4.3	0.83
K P R Mill Limited	Equity	Textiles & Apparels	34.6K	4.1	0.79
Mankind Pharma Limited	Equity	Pharmaceuticals & Biotechnology	16.4K	4	0.76
Cemindia Projects Ltd	Equity	Construction	27.5K	3.4	0.65
Corona Remedies Limited	Equity	Pharmaceuticals & Biotechnology	13.8K	2.8	0.55
Hindustan Zinc	Equity	Non - Ferrous Metals	42.4K	2.5	0.49
Wockhardt	Equity	Pharmaceuticals & Biotechnology	12.6K	2.4	0.46
Filatex India Limited	Equity	Textiles & Apparels	3.09L	2.3	0.45
Welspun Corp	Equity	Industrial Products	6.92K	1.7	0.32

Fig. 4.Every holding in Aug 2026: its shares, market value (₹ crore) and % of NAV. Month end. Source: AMC monthly portfolio disclosures.