Aditya Birla Sun Life Business Cycle Fund vs Union Business Cycle Fund
Aditya Birla Sun Life Business Cycle Fund and Union Business Cycle Fund are both Business Cycle Funds. As of 6 Nov 2026 (Direct plan, Growth option): 3-year CAGR +13.75% vs —, 5-year CAGR — vs —, volatility 15.14% vs 16.26%, maximum drawdown −17.78% vs −19.90%. Their portfolios overlap by 11.1% (6 stocks held by both).
Showing the Direct plan, Growth option. Portfolio, sector and market-cap figures are the same for every plan and option of a fund.
Key facts
| Aditya Birla Sun Life Business Cycle | Union Business Cycle | |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | Union Mutual Fund |
| Compared as | Business Cycle Funds | Business Cycle Funds |
| NAV | ₹17.2500 | ₹12.2400 |
| NAV date | 6 Nov 2026 | 6 Nov 2026 |
| Launched (first NAV) | 8 Dec 2021 | 12 Mar 2024 |
| Track record | 4.9 yrs | 2.7 yrs |
| Fund size (AUM) | ₹1,725 Cr | ₹485 Cr |
| Securities held | 58 | 63 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| Aditya Birla Sun Life Business Cycle | Union Business Cycle | |
|---|---|---|
| 1 month | +4.48% | +3.90% |
| 3 months | −0.86% | −0.24% |
| 6 months | +7.34% | +3.20% |
| 1 year | +6.42% | +5.34% |
| 3 years (CAGR) | +13.75% | — |
| 5 years (CAGR) | — | — |
| 7 years (CAGR) | — | — |
| 10 years (CAGR) | — | — |
| Since launch (CAGR) | +11.54% | +8.00% |
| SIP return (XIRR, 5 years) ⓘ | — | — |
Up to one year: absolute return. Beyond one year: CAGR. Computed from each fund's own NAV history (AMFI), measured to the latest NAV.
Calendar-year returns
| Aditya Birla Sun Life Business Cycle | Union Business Cycle | |
|---|---|---|
| 2026 (year to date) | +5.18% | +4.97% |
| 2025 | +5.67% | +2.82% |
| 2024 | +19.75% | — |
| 2023 | +20.78% | — |
| 2022 | +6.77% | — |
Risk
| Aditya Birla Sun Life Business Cycle | Union Business Cycle | |
|---|---|---|
| Volatility (annualised) ⓘ | 15.14% | 16.26% |
| Downside volatility ⓘ | 10.33% | 12.02% |
| Sharpe ratio ⓘ | 0.48 | 0.09 |
| Sortino ratio ⓘ | 0.70 | 0.12 |
| Maximum drawdown ⓘ | −17.78% | −19.90% |
| Recovery from that fall | 16 months | 16 months |
| Current fall from peak | −2.49% | −1.05% |
| Rolling 1-year return: worst | −7.09% | −6.67% |
| Rolling 1-year return: median | +10.29% | +3.52% |
| Rolling 1-year return: best | +41.47% | +18.69% |
| Share of 1-year periods with a loss | 6.86% | 25.74% |
Against each fund's benchmark
| Aditya Birla Sun Life Business Cycle | Union Business Cycle | |
|---|---|---|
| Beta ⓘ | 0.95 | 0.97 |
| Alpha (Jensen's, annualised) ⓘ | +2.83% | +0.98% |
| R² ⓘ | 94.85 | 90.40 |
| Upside capture | 105.69% | 101.46% |
| Downside capture | 92.50% | 96.11% |
| Tracking error | 3.55% | 5.00% |
| Information ratio | 0.83 | 0.20 |
| Treynor ratio | 6.97 | -1.54 |
Portfolio
Asset mix
| Aditya Birla Sun Life Business Cycle | Union Business Cycle | |
|---|---|---|
| Equity | 97.83% | 94.67% |
| Foreign Securities | 1.33% | 0.00% |
| Cash & equivalents | 0.87% | 5.16% |
| Debt | 0.00% | 0.17% |
Market-cap split (share of fund assets)
| Aditya Birla Sun Life Business Cycle | Union Business Cycle | |
|---|---|---|
| Large Cap | 32.65% | 44.60% |
| Mid Cap | 24.99% | 16.55% |
| Small Cap | 40.15% | 33.52% |
| Unclassified | 0.00% | 0.00% |
Concentration
| Aditya Birla Sun Life Business Cycle | Union Business Cycle | |
|---|---|---|
| Top 10 holdings | 28.34% | 30.67% |
| Effective number of stocks ⓘ | 49.9 | 50.4 |
| Securities held | 58 | 63 |
Portfolio overlap: 11.1%
6 companies are held by both funds; by weight, 11.1% of the two portfolios is the same. That is a low overlap: the two portfolios are largely different.
| Held by both | Aditya Birla Sun Life Business Cycle | Union Business Cycle |
|---|---|---|
| ICICI Bank Limited | 4.04% | 6.34% |
| Sai Life Sciences Limited | 2.57% | 2.46% |
| Shriram Finance Limited | 1.57% | 2.30% |
| Larsen & Toubro Limited | 1.30% | 3.62% |
| Jindal Steel Limited | 2.09% | 0.90% |
| Delhivery Limited | 1.11% | 0.86% |
Top 10 holdings
Aditya Birla Sun Life Business Cycle
- ICICI Bank Limited4.04%
- The Federal Bank Limited3.28%
- Shivalik Bimetal Controls Ltd2.92%
- R R Kabel Limited2.76%
- Birlasoft Limited2.63%
- Shaily Engineering Plastics Limited2.59%
- Sai Life Sciences Limited2.57%
- Craftsman Automation Limited2.54%
- S.J.S. Enterprises Limited2.50%
- Karur Vysya Bank Limited2.49%
Union Business Cycle
- ICICI Bank Limited6.34%
- Larsen & Toubro Limited3.62%
- Axis Bank Limited3.38%
- HDFC Bank Limited2.94%
- One 97 Communications Limited2.58%
- Sona BLW Precision Forgings Limited2.53%
- Sai Life Sciences Limited2.46%
- Shriram Finance Limited2.30%
- Bharat Heavy Electricals Limited2.29%
- Navin Fluorine International Limited2.23%
Sector exposure
| Aditya Birla Sun Life Business Cycle | Union Business Cycle | |
|---|---|---|
| Banks | 12.87% | 19.05% |
| IT - Software | 8.34% | 4.88% |
| Pharmaceuticals & Biotechnology | 7.99% | 7.78% |
| Finance | 7.39% | 4.48% |
| Industrial Products | 7.05% | 3.86% |
| Auto Components | 6.11% | 3.62% |
| Textiles & Apparels | 0.00% | 6.08% |
| Retailing | 6.02% | 0.00% |
| Construction | 1.30% | 6.01% |
| Automobiles | 5.86% | 0.00% |
| Healthcare Services | 5.55% | 4.27% |
| Chemicals & Petrochemicals | 0.00% | 5.47% |
| Electrical Equipment | 1.81% | 4.71% |
| Non - Ferrous Metals | 4.09% | 1.75% |
Questions people ask
What is the difference between Aditya Birla Sun Life Business Cycle and Union Business Cycle returns?
As of 6 Nov 2026, Direct plan Growth option: 1-year return +6.42% vs +5.34%; 3-year CAGR +13.75% vs —; 5-year CAGR — vs —; 10-year CAGR — vs —. Past returns do not indicate future returns.
How do Aditya Birla Sun Life Business Cycle and Union Business Cycle compare on risk?
Volatility (36 monthly returns, annualised) 15.14% vs 16.26%; Sharpe ratio 0.48 vs 0.09; Sortino ratio 0.70 vs 0.12; maximum drawdown −17.78% vs −19.90%; beta 0.95 vs 0.97.
How much do Aditya Birla Sun Life Business Cycle and Union Business Cycle overlap?
By weight, 11.1% of the two portfolios is invested in the same companies; 6 stocks are held by both, the largest shared positions being ICICI Bank Limited, Sai Life Sciences Limited, Shriram Finance Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of Aditya Birla Sun Life Business Cycle and Union Business Cycle?
Aditya Birla Sun Life Business Cycle: large cap 32.7%, mid cap 25.0%, small cap 40.2%. Union Business Cycle: large cap 44.6%, mid cap 16.6%, small cap 33.5% (share of the fund's assets, from its latest disclosed portfolio).
Is this a recommendation to choose one of these funds?
No. This page places the published figures of both funds side by side. It does not rank, rate or recommend either fund; which one suits an investor depends on their goals, horizon and risk tolerance.
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All Business Cycle Funds comparisons → · Compare up to six funds yourself → · Every fund in this category → · All comparisons →
Sources: NAV from AMFI; returns, risk and ratios computed by MF Analyser from each fund's NAV history (risk on 36 monthly returns, risk-free rate 6.5%); benchmark ratios against each fund's benchmark total-return index; portfolios from each fund house's monthly disclosure. Returns and ratios as of 6 Nov 2026. IDCW options show no return or risk figures because payouts reduce the NAV and AMFI's file carries no payout history to add back. This page compares published figures only — it does not rank, rate or recommend either fund. Past performance does not indicate future returns; mutual fund investments are subject to market risks.