About Company
Bandhan Mutual Fund
Bandhan Mutual Fund, formerly IDFC Mutual Fund, is one of India's leading asset management companies, overseeing assets worth approximately ₹1.97 lakh crore as of early 2026. Managed by Bandhan AMC Limited, the fund house was rebranded in March 2023 following its acquisition by a consortium led by Bandhan Financial Holdings Limited, GIC, and ChrysCapital. It offers over 70 schemes across equity, debt, and hybrid categories, with a strong emphasis on research-driven strategies like multi-factor investing and sector-specific opportunities. Led by CEO Vishal Kapoor, the AMC is recognized for its extensive reach across 60 cities and its commitment to simplifying investment solutions for retail and institutional investors.
Fund Snapshot
| Category | Hybrid Long-Short Fund |
|---|---|
| Benchmark | CRISIL Hybrid 85+15 Conservative Index |
| Subscription | Daily (Business Days) |
| Inception Date | 09 January 2026 |
| SIF ID | SIF-40 |
| Type | Interval Strategy |
Strategy Overview
Arudha is structured as an interval hybrid long-short strategy with flexible allocation across equity, debt, and derivatives. The framework allows the fund to dynamically adjust exposure within prescribed ranges rather than follow a fixed allocation.
The strategy includes:
- Core exposure to equity and equity-related instruments for return generation
- Allocation to debt and money market instruments for income and stability
- Use of derivative positions, both hedged and unhedged, to manage volatility and enhance returns
- Limited allocation to REITs and InvITs for additional yield and diversification
The presence of both hedged (0–100%) and unhedged short positions (0–25%) indicates an active risk management approach. This allows the portfolio to reduce net market exposure when required, while still maintaining participation in underlying asset classes.
Objective
The stated objective is to generate optimal returns through a combination of equity and debt investments, supplemented by selective derivative exposure.
From a portfolio construction perspective, this translates into:
- Return generation through equity allocation within a broad 25%–75% band
- Income and capital preservation through debt and money market instruments
- Risk-adjusted enhancement using derivatives, including short positions
The absence of a fixed allocation suggests that performance will depend significantly on allocation decisions and market positioning rather than static exposure.
Redemption Details
- The strategy operates under an interval structure
- Redemption is available twice a week: Monday and Thursday
- This structure provides periodic liquidity while allowing the fund to manage portfolio positioning without continuous inflows and outflows
Portfolio Allocation
| Asset Class | Allocation Range |
|---|---|
| Equity & Equity-related Instruments | 25% – 75% |
| Debt & Money Market Instruments | 25% – 75% |
| Unhedged Derivative Short Positions (Equity & Debt) | 0% – 25% |
| REITs / InvITs | 0% – 20% |
| Hedged Positions (Equity & Debt) | 0% – 100% |
Portfolio Construction Insights
- Wide allocation bands (25%–75%) indicate a high degree of flexibility, allowing the strategy to shift between growth-oriented and defensive positioning
- Simultaneous use of hedged and unhedged exposures enables adjustment of net market exposure based on market conditions
- Derivative usage (up to 25% unhedged) introduces an additional layer of active risk and return management
- Inclusion of REITs/InvITs provides a yield-oriented component that may support income generation
Overall, the structure is suited to an actively managed approach where asset allocation decisions are a primary driver of returns.
