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Union Business Cycle Fund - Direct Plan - Growth Option

Equity Data as of May 2026 Comparing Apr 2026 → May 2026
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Stocks Held
59
May 2026
Equity Holdings
₹489.83 Cr
Equity only, excl. debt & cash
Top 5 Weight
21.7%
Diversified
Top 10 Weight
36.2%
Diversified
Changes
65
11 new · 7 exits
Top Sector
Banks
19.4% of portfolio
📋 What Happened This Month Union Business Cycle Fund made 11 new additions and exited 7 stocks this month. The biggest new buy was HDFC Bank Limited (Banks) at 2.39% weight. Kotak Mahindra Bank Limited was the biggest exit (Banks), which was held at 1.97%. Among existing holdings, Bharat Heavy Electricals Limited saw the biggest increase — now at 4.15% of the portfolio. CreditAccess Grameen Limited was trimmed the most, now at 0.49%. ICICI Bank Limited remains the top holding with Banks the dominant sector at 19.4%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.
Sector Shift Industry allocation month-over-month
Feb 2026 Apr 2026
Sector Prev Curr Delta
Banks 22.0% 19.8% -2.3%
Aerospace & Defense 5.8% 6.5% +0.8%
Electrical Equipment 2.2% 6.4% +4.3%
Chemicals & Petrochemicals 4.5% 5.5% +1.0%
Pharmaceuticals & Biotechnology 3.0% 5.5% +2.5%
Construction 4.7% 5.0% +0.3%
Ferrous Metals 4.5% 4.6% +0.1%
Auto Components 4.8% 4.5% -0.3%
Automobiles 3.7% 4.5% +0.8%
Industrial Products 4.7% 4.3% -0.4%
Apr 2026 May 2026
Sector Prev Curr Delta
Banks 19.8% 19.4% -0.4%
Electrical Equipment 6.4% 8.1% +1.7%
Construction 5.0% 7.3% +2.3%
Aerospace & Defense 6.5% 6.9% +0.4%
Pharmaceuticals & Biotechnology 5.5% 6.7% +1.2%
Chemicals & Petrochemicals 5.5% 6.5% +1.0%
Industrial Products 4.3% 5.3% +1.0%
Ferrous Metals 4.6% 4.5% -0.1%
Auto Components 4.5% 4.4% -0.1%
Automobiles 4.5% 3.0% -1.5%
🟢
Biggest New Buy
HDFC Bank Limited
2.39% weight · Banks
🔴
Biggest Exit
Kotak Mahindra Bank Limited
1.97% was held · Banks
Biggest Add
Bharat Heavy Electricals Limited
+1.27% · now 4.15%
Biggest Trim
CreditAccess Grameen Limited
-1.21% · now 0.49%
🤝 Other funds also bought this month
HDFC Bank Limited 33 funds
HDFC Bank Limited
Groww Nifty Private Bank Index Fund
Groww Nifty Private Bank ETF
ICICI Prudential Nifty Private Bank Index Fund - Direct Plan - Growth + more
Apollo Hospitals Enterprise Limited 25 funds
Apollo Hospitals Enterprise Limited
Bandhan Nifty100 Low Volatility 30 Index Fund
Mirae Asset Nifty 100 Low Volatility 30 ETF
BAJAJ FINSERV LARGE CAP FUND - DIRECT PLAN - GROWTH + more
Bandhan Bank Limited 19 funds
Bandhan Bank Limited
BAJAJ FINSERV ELSS TAX SAVER FUND - DIRECT - GROWTH
quant BFSI Fund - Growth Option - Direct Plan
Baroda BNP Paribas Banking and Financial Services Fund - Direct - Growth Option + more
Mankind Pharma Limited 15 funds
Mankind Pharma Limited
BANK OF INDIA Flexi Cap Fund Direct Plan -Growth
BANK OF INDIA Large Cap Fund Direct Plan Growth
UTI Large Cap Fund - Direct Plan - Growth Option + more
ITD Cementation India Limited 12 funds
ITD Cementation India Limited
TRUSTMF MULTI CAP FUND -DIRECT PLAN-GROWTH
TRUSTMF MID CAP FUND -DIRECT -GROWTH
TRUSTMF Flexi Cap Fund-Direct Plan- Growth + more
Hindustan Copper Limited 11 funds
Hindustan Copper Limited
Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF
Samco Multi Cap Fund
TRUSTMF SMALL CAP FUND -DIRECT PLAN-GROWTH + more
👋 Other funds also exited
Kotak Mahindra Bank Limited 26 funds
Kotak Mahindra Bank Limited
quant Multi Asset Allocation Fund-GROWTH OPTION-Direct Plan
quant Focused Fund - Growth Option-Direct Plan
quant Dynamic Asset Allocation Fund + more
TVS Motor Company Limited 21 funds
TVS Motor Company Limited
Bandhan Nifty 500 Momentum 50 Index Fund Direct Plan-Growth
ICICI Prudential Active Momentum Fund - Direct Plan - Growth
Invesco India Multicap Fund - Direct Plan - Growth Option + more
Eternal Limited 20 funds
Eternal Limited
BARODA BNP PARIBAS ELSS Tax Saver Fund - Direct Plan - Growth Option
THE WEALTH COMPANY SMALL CAP FUND
THE WEALTH COMPANY BALANCED ADVANTAGE FUND + more
Shriram Finance Limited 16 funds
Shriram Finance Limited
Bandhan Nifty 500 Momentum 50 Index Fund Direct Plan-Growth
Motilal Oswal Active Momentum Fund- Direct-Growth
Union Active Momentum Fund - Direct Plan - Growth Option + more
L&T Finance Limited 9 funds
L&T Finance Limited
Bandhan Nifty 500 Momentum 50 Index Fund Direct Plan-Growth
Union Multicap Fund - Direct Plan - Growth Option
Axis Business Cycles Fund - Direct Plan - Growth + more
JK Cement Limited 6 funds
JK Cement Limited
UNION RETIREMENT FUND
Edelweiss Business Cycle Fund - Direct Plan - Growth
Bandhan Nifty Midcap 150 Index Fund-Direct Plan-Growth + more

What Changed in the Portfolio This Month?

Comparing Apr 2026 → May 2026

Apr 2026 May 2026
🟢 11 New Entries 🔴 7 Exits ↑ 22 Increased ↓ 25 Decreased
#StockSectorWeight (May 2026)
1
HDFC Bank Limited
₹12.21 Cr
Banks 2.39%
2
Apollo Hospitals Enterprise Limited
₹7.31 Cr
Healthcare Services 1.43%
3
ITD Cementation India Limited
₹5.83 Cr
Construction 1.14%
4
Bandhan Bank Limited
₹3.62 Cr
Banks 0.71%
5
Mankind Pharma Limited
₹3.51 Cr
Pharmaceuticals & Biotechnology 0.69%
6
Zen Technologies Limited
₹3.50 Cr
Aerospace & Defense 0.69%
7
Jindal Saw Limited
₹2.75 Cr
Industrial Products 0.54%
8
Krishna Institute Of Medical Sciences Limited
₹2.51 Cr
Healthcare Services 0.49%
9
Syngene International Limited
₹2.37 Cr
Healthcare Services 0.46%
10
Corona Remedies Limited
₹2.31 Cr
Pharmaceuticals & Biotechnology 0.45%
#StockSectorLast Weight (Apr 2026)
1
Kotak Mahindra Bank Limited
₹9.97 Cr
Banks 1.97%
2
TVS Motor Company Limited
₹6.35 Cr
Automobiles 1.25%
3
Shriram Finance Limited
₹5.23 Cr
Finance 1.03%
4
Eternal Limited
₹4.97 Cr
Retailing 0.98%
5
JK Cement Limited
₹2.45 Cr
Cement & Cement Products 0.48%
6
Latent View Analytics Limited
₹2.38 Cr
IT - Software 0.47%
7
L&T Finance Limited
₹2.37 Cr
Finance 0.47%
#StockSectorApr 2026May 2026Change
1
Bharat Heavy Electricals Limited
₹21.22 Cr
Electrical Equipment 2.88% 4.15% +1.27%
2
Larsen & Toubro Limited
₹17.32 Cr
Construction 2.54% 3.39% +0.85%
3
Solar Industries India Limited
₹18.13 Cr
Chemicals & Petrochemicals 2.72% 3.54% +0.82%
4
InterGlobe Aviation Limited
₹6.96 Cr
Transport Services 0.84% 1.36% +0.52%
5
360 One WAM Limited
₹3.79 Cr
Capital Markets 0.34% 0.74% +0.40%
6
Acutaas Chemicals Ltd
₹11.79 Cr
Pharmaceuticals & Biotechnology 1.92% 2.30% +0.38%
7
GE Vernova T&D India Limited
₹15.09 Cr
Electrical Equipment 2.58% 2.95% +0.37%
8
Cummins India Limited
₹16.63 Cr
Industrial Products 2.94% 3.25% +0.31%
9
Power Mech Projects Limited
₹13.95 Cr
Construction 2.43% 2.73% +0.30%
10
Tata Motors Passenger Vehicles Limited
₹10.15 Cr
Automobiles 1.73% 1.98% +0.25%
#StockSectorApr 2026May 2026Change
1
CreditAccess Grameen Limited
₹2.51 Cr
Finance 1.70% 0.49% -1.21%
2
Amber Enterprises India Limited
₹2.59 Cr
Consumer Durables 1.71% 0.51% -1.20%
3
SBI Life Insurance Company Limited
₹3.74 Cr
Insurance 1.88% 0.73% -1.15%
4
State Bank of India
₹7.49 Cr
Banks 2.46% 1.46% -1.00%
5
Multi Commodity Exchange of India Limited
₹7.39 Cr
Capital Markets 2.38% 1.45% -0.93%
6
Maruti Suzuki India Limited
₹5.11 Cr
Automobiles 1.49% 1.00% -0.49%
7
ICICI Bank Limited
₹33.15 Cr
Banks 6.93% 6.48% -0.45%
8
Aurobindo Pharma Limited
₹7.67 Cr
Pharmaceuticals & Biotechnology 1.91% 1.50% -0.41%
9
UltraTech Cement Limited
₹6.70 Cr
Cement & Cement Products 1.68% 1.31% -0.37%
10
Max Financial Services Limited
₹10.97 Cr
Insurance 2.37% 2.14% -0.23%

What Stocks Does This Fund Hold?

59 stocks — May 2026

# Stock Sector Cap Weight & Value
1
₹33.15 Cr
Banks
6.48%
2
₹21.22 Cr
Electrical Equipment
4.15%
3
₹21.02 Cr
Banks
4.11%
4
₹18.13 Cr
Chemicals & Petrochemicals
3.54%
5
₹17.32 Cr
Construction
3.39%
6
₹16.63 Cr
Industrial Products
3.25%
7
₹15.09 Cr
Electrical Equipment
2.95%
8
₹15.05 Cr
Aerospace & Defense
2.94%
9
₹13.95 Cr
Construction
2.73%
10
₹13.76 Cr
Ferrous Metals
2.69%
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Disclaimer: Data sourced from individual AMC monthly portfolio disclosures, as mandated by SEBI/AMFI. While we strive for accuracy, errors in parsing or presentation may occasionally occur. This is not investment advice. Please consult a SEBI-registered investment adviser before making any investment decisions.

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