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Union Mutual Fund has launched Union Business Cycle Fund, an open-ended equity scheme following business cycles based investing theme. The NFO opens for subscription on February 13, 2024 and closes on February 27, 2024. The Entry load is nil for the scheme. The Exit load will be 1% if units are redeemed/switched out on or before completion of 1 year from the date of allotment and nil if redeemed or switched out after completion of 1 year from the date of allotment of units. The minimum subscription amount is Rs 1,000 and in multiples of Re 1 thereafter.

The performance of the Scheme is measured against Nifty 500 Index total Return variant of the Index (TRI) and its fund managers are Sanjay Bembalkar and Hardick Bora.

The Investment Objective of the Scheme is to generate long-term capital appreciation by investing with a focus on riding business cycles through allocation between sectors and stocks at different stages of business cycles in the economy.