Union Business Cycle Fund holds 65 instruments (94.67% equity), led by ICICI Bank Limited (6.34%), Larsen & Toubro Limited (3.62%) and Axis Bank Limited (3.38%), as of its 30 September 2026 SEBI-mandated monthly disclosure.
This page shows the complete disclosed portfolio of Union Business Cycle Fund, managed by Union Mutual Fund, based on its monthly portfolio disclosure dated 30 September 2026. The fund holds 65 instruments with an equity allocation of 94.67%. Percentages are of net assets (% to NAV). Click any stock to see every other mutual fund that also holds it.
Union Business Cycle Fund's top 10 holdings account for 30.67% of its portfolio, more diversified than the Thematic category average of 49.2%. Financial Services is its largest sector exposure at 29.72% of net assets, spread across 9 sectors in total. Since its 31 August 2026 disclosure, the fund added 6 new positions and exited 4 positions, with Coforge Limited seeing the largest move (-0.97pp to 1.51%).
Equity holdings grouped by sector, % to NAV. "Other" covers debt, cash and other non-equity instruments, plus any equity holding without a classified sector.
Equity holdings compared between the fund's two latest monthly disclosures. Weights are % to NAV; weight moves can also reflect price changes, not only buying or selling.
| Stock | Weight | Change |
|---|---|---|
| Dr. Lal Path Labs Ltd. | 0.88% → 1.34% | ▲ +0.46 |
| Welspun Corp Limited | 0.32% → 0.75% | ▲ +0.43 |
| Axis Bank Limited | 3.05% → 3.38% | ▲ +0.33 |
| Sai Life Sciences Limited | 2.2% → 2.46% | ▲ +0.26 |
| Mankind Pharma Limited | 0.76% → 1.02% | ▲ +0.26 |
| Aurobindo Pharma Limited | 1.21% → 1.46% | ▲ +0.25 |
| Hindustan Zinc Limited | 0.49% → 0.74% | ▲ +0.25 |
| Filatex India Limited | 0.45% → 0.69% | ▲ +0.24 |
| RBL Bank Limited | 1.8% → 2.04% | ▲ +0.24 |
| Sona BLW Precision Forgings Limited | 2.32% → 2.53% | ▲ +0.21 |
| Stock | Weight | Change |
|---|---|---|
| Coforge Limited | 2.48% → 1.51% | ▼ -0.97 |
| One 97 Communications Limited | 3.32% → 2.58% | ▼ -0.74 |
| Bharti Airtel Limited | 1.87% → 1.18% | ▼ -0.69 |
| Larsen & Toubro Limited | 4.24% → 3.62% | ▼ -0.62 |
| Shriram Finance Limited | 2.79% → 2.3% | ▼ -0.49 |
| Angel One Limited | 0.85% → 0.51% | ▼ -0.34 |
| Cholamandalam Investment and Finance Company Limited | 1.37% → 1.09% | ▼ -0.28 |
| State Bank of India | 1.93% → 1.67% | ▼ -0.26 |
| Dixon Technologies (India) Limited | 1.94% → 1.82% | ▼ -0.12 |
| MphasiS Limited | 1.83% → 1.73% | ▼ -0.1 |
% to NAV of the fund's current top holdings over its last 2 monthly disclosures (Aug – Sept 2026).
New to reading these? See How to Read a Mutual Fund's Monthly Portfolio Disclosure, or check terms like % to NAV in the glossary.
Source: Union Mutual Fund's SEBI-mandated monthly portfolio disclosure, dated 30 September 2026. Data is for information only, not investment advice. Holdings may have changed since the disclosure date.