Bandhan Mutual Fund, guided by Bandhan Asset Management Company Limited, marks a significant presence in India’s investment landscape. It emerged from the acquisition of IDFC Asset Management Company by a trio—Bandhan Financial Holding owning the majority with 60%, followed by ChrysCapital and Singapore’s sovereign fund GIC each holding 20%. This transition took place in April 2022, and by March 2023, IDFC Mutual Fund donned the new identity of Bandhan Mutual Fund.
Tracing back its roots, IDFC AMC began its journey in 2000 and quickly climbed the ranks to become one of India’s leading asset managers. Fast forward to November 2023, Bandhan boasts an impressive AUM of Rs 129,921.64 crores, showcasing robust growth and trust among its investors. The company’s reach spans over 46 cities and connects with investors from more than 375 cities and towns across the nation.
Bandhan Mutual Fund presents a wide array of 76 mutual fund schemes tailored to meet various investment goals and risk profiles. These include 48 debt schemes for those who prefer stable and less risky investments, 17 equity schemes for those aiming for growth by investing in the stock market, 6 hybrid schemes for those who want a mix of debt and equity, and 5 other categories catering to niche investment preferences.
As of February 2023, Bandhan Mutual Fund held a commendable 2.88% share of the industry’s AUM, indicating its substantial role in the market. Its leadership comprises seasoned fund managers like Mr. Manish Gunwani and his team, who bring their expertise to the table, ensuring that the schemes are managed efficiently to cater to the financial aspirations of the common man.
| Rank | Scheme Name | Category | Risk Profile | 3 Year Return | AUM (Cr) |
|---|---|---|---|---|---|
| 1 | Bandhan Arbitrage Fund | HYBRID | Low | 4.81% | Not provided |
| 2 | Bandhan Overnight Fund | DEBT | Low | 4.63% | Not provided |
| 3 | Bandhan Equity Savings Fund | HYBRID | Low To Moderate | 7.46% | Not provided |
| 4 | Bandhan Liquid Fund | DEBT | Low To Moderate | 4.87% | Not provided |
| 5 | Bandhan Ultra Short Term Fund | DEBT | Low To Moderate | 4.78% | Not provided |
| 6 | Bandhan Low Duration Fund | DEBT | Low To Moderate | 4.68% | Not provided |
| 7 | Bandhan Money Manager Fund | DEBT | Low To Moderate | 4.41% | Not provided |
| 8 | Bandhan Corporate Bond Fund | DEBT | Low To Moderate | 4.26% | Not provided |
| 9 | Bandhan CRISIL IBX 90:10 SDL Plus Gilt November 2026 Index Fund | ETF/INDEX | Low To Moderate | N.A. | Not provided |
| 10 | Bandhan Crisil IBX Gilt April 2026 Index Fund | ETF/INDEX | Low To Moderate | N.A. | Not provided |
| Key Information | Details |
|---|---|
| Mutual fund name | Bandhan Mutual Fund |
| Asset management company name | Bandhan Asset Management Company Limited. |
| AMC Setup Date | March 13, 2000 |
| AMC Incorporation Date | Dec 20, 1999 |
| Sponsor name | Bandhan Financial Holdings Limited |
| Trustee organisation | Bandhan Mutual Fund Trustee Limited |
| Chairman | Ms. Veena Mankar |
| MD and CEO | Mr. Vishal Kapoor |
| Investor Service Officer | Ms. Neeta Singh |
This hybrid fund primarily engages in arbitrage opportunities between cash and derivative markets. The fund capitalizes on the price differentials of the same asset across different markets. The returns are typically stable and are less affected by market fluctuations.
An overnight fund invests in securities that mature in one day. This fund aims to provide high liquidity with the lowest risk profile possible. It’s an option for parking surplus cash that might otherwise sit idle.
This hybrid fund combines equity investment with arbitrage and debt instruments. It aims to strike a balance between growth and income by maintaining a diverse portfolio to spread out the potential risks and returns.
Liquid funds invest in debt instruments with a maturity of up to 91 days. They are known for their high liquidity and lower interest rate risk. This fund aims to offer a safe venue for short-term investments with quick access to funds.
The fund invests in a variety of short-term debt securities. The objective is to provide a safe avenue for short to medium-term investments with returns that generally exceed those of a savings account.
This fund invests in debt and money market securities with a duration between 6 months to a year. The fund aims to provide reasonable returns for short to medium-term investments with moderate exposure to interest rate fluctuations.
This fund places its assets in money market instruments. It’s crafted for those seeking to optimize their short-term investments with ready liquidity, aiming to offer better returns than traditional savings methods.
Investing primarily in high-rated corporate bonds, this fund seeks to provide a balance of yield, safety, and liquidity. It’s designed for those looking to invest in debt instruments over a medium to long-term horizon.
An index fund that mirrors the performance of the CRISIL IBX 90:10 SDL Plus Gilt Index, maturing in November 2026. It’s invested in government securities, providing a predictable return with minimal credit risk.
This fund is designed to track the CRISIL IBX Gilt Index, maturing in April 2026. It invests in government securities and is tailored for investors who prefer a predictable return profile with low credit risk, aligned with the maturity of the index.
| Rank | Scheme Name | Category | Risk Profile | 3 Year Return | NAV as on 22/12/2023 |
|---|---|---|---|---|---|
| 1 | Bandhan Infrastructure Fund | EQUITY | Very High | 36.59% | 36.4720 |
| 2 | Bandhan Sterling Value Fund | EQUITY | Very High | 30.92% | 120.9860 |
| 3 | Bandhan Small Cap Fund | EQUITY | Very High | 30.14% | 32.3250 |
| 4 | Bandhan ELSS Tax Saver Fund | EQUITY | Very High | 26.52% | 127.6980 |
| 5 | Bandhan Core Equity Fund | EQUITY | Very High | 24.08% | 99.0130 |
| 6 | Bandhan Flexi Cap Fund | EQUITY | Very High | 17.54% | 168.1410 |
| 7 | Bandhan Large Cap Fund | EQUITY | Very High | 15.71% | 61.6450 |
| 8 | Bandhan Focused Equity Fund | EQUITY | Very High | 14.40% | 67.2480 |
| 9 | Bandhan Multi Cap Fund | EQUITY | Very High | N.A. | 13.7590 |
| 10 | Bandhan Midcap Fund | EQUITY | Very High | N.A. | 13.4130 |
| 11 | Bandhan Transportation And Logistics Fund | EQUITY | Very High | N.A. | 13.5300 |
| Fund Name | Risk Profile | Inception Date | 1yr Returns | 3yr Returns | 5yr Returns | NAV as on 25/12/2023 |
|---|---|---|---|---|---|---|
| Bandhan Overnight Fund | Low | 18/01/2019 | 6.53% | 4.63% | N.A. | 1247.8256 |
| Bandhan Liquid Fund | Low To Moderate | 02/07/2001 | 6.92% | 4.87% | 5.07% | 2837.7716 |
| Bandhan Ultra Short Term Fund | Low To Moderate | 18/07/2018 | 7.03% | 4.78% | 5.71% | 13.6301 |
| Bandhan Low Duration Fund | Low To Moderate | 17/01/2006 | 6.87% | 4.68% | 5.96% | 34.5067 |
| Bandhan Money Manager Fund | Low To Moderate | 18/02/2003 | 6.67% | 4.41% | 5.09% | 36.1140 |
| Bandhan Corporate Bond Fund | Low To Moderate | 12/01/2016 | 6.75% | 4.26% | 6.64% | 17.0532 |
| Bandhan Floating Rate Fund | Low To Moderate | 18/02/2021 | 6.58% | N.A. | N.A. | 11.4035 |
| Bandhan Banking and PSU Debt Fund | Moderate | 07/03/2013 | 6.53% | 4.38% | 7.23% | 21.8967 |
| Bandhan Bond Fund Short Term Plan | Moderate | 14/12/2000 | 6.35% | 4.08% | 6.44% | 50.5567 |
| Bandhan Bond Fund Medium Term Plan | Moderate | 08/07/2003 | 5.56% | 3.11% | 5.92% | 40.6178 |
| Fund Name | Risk Profile | Inception Date | 1yr Returns | 3yr Returns | 5yr Returns | NAV as on 22/12/2023 |
|---|---|---|---|---|---|---|
| Bandhan Arbitrage Fund | Low | 21/12/2006 | 7.18% | 4.81% | 4.88% | 29.1387 |
| Bandhan Equity Savings Fund | Low To Moderate | 09/06/2008 | 7.19% | 7.46% | 7.05% | 27.7870 |
| Bandhan Balanced Advantage Fund | Moderately High | 10/10/2014 | 9.75% | 9.36% | 9.31% | 20.5200 |
| Bandhan Regular Savings Fund | Moderately High | 25/02/2010 | 6.36% | 5.01% | 6.05% | 28.3683 |
| Bandhan Hybrid Equity Fund | Very High | 30/12/2016 | 11.44% | 15.90% | 12.11% | 20.4650 |
Investing in Bandhan Mutual Fund might be a good choice for various types of investors. Here are some categories of people who might consider investing in these funds:
What is Bandhan Mutual Fund and who owns it?
Bandhan Mutual Fund is a part of Bandhan Asset Management Company Limited, which emerged from the acquisition of IDFC Asset Management Company. It’s majorly owned by Bandhan Financial Holding, along with ChrysCapital and Singapore’s sovereign fund GIC.
How has Bandhan Mutual Fund performed in recent years?
As of the latest updates, Bandhan Mutual Fund has shown robust growth with an impressive Assets Under Management (AUM). Its specific funds’ performance such as annualized returns for the past 3 to 5 years can be found in detailed fund documents and varies by scheme.
What is the minimum investment required for Bandhan Mutual Fund?
The minimum investment amount for lumpsum investments in most Bandhan Mutual Funds is typically ₹1,000. For Systematic Investment Plans (SIPs), it usually starts from ₹100. However, these amounts can vary depending on the specific fund.
Which Bandhan Mutual Fund scheme is best for investment?
The “best” fund depends on individual financial goals, risk tolerance, and investment horizon. Bandhan offers a variety of equity, debt, and hybrid funds. Investors should review the fund’s objectives, performance, and risk profile or consult a financial advisor to find the best fit for their needs.
Is my money safe in Bandhan Mutual Fund?
Mutual funds are subject to market risks, and no investment is entirely risk-free. However, Bandhan Mutual Fund is regulated by SEBI and aims to manage investments prudently. Investors are advised to consider their risk appetite and read all scheme-related documents carefully before investing.
What are the top schemes currently offered by Bandhan Mutual Fund?
Bandhan Mutual Fund offers various schemes in equity, debt, and hybrid categories. Some of the top schemes can be categorized based on performance, risk profile, and investment strategy. Detailed and updated information can be found on the Bandhan Mutual Fund website or financial platforms.
How can I start investing in Bandhan Mutual Fund?
You can start investing in Bandhan Mutual Fund through their official website, through a financial advisor, or via various online platforms that offer mutual fund investments. You’ll need to complete the KYC process and choose the appropriate fund based on your investment goals.
What is the risk profile of Bandhan Mutual Fund schemes?
Bandhan offers funds with various risk profiles ranging from low to very high. Debt funds are typically lower risk compared to equity funds, and hybrid funds fall somewhere in between. Each fund’s risk profile is mentioned in its scheme information document.
What happened to IDFC Mutual Fund?
IDFC Mutual Fund was rebranded to Bandhan Mutual Fund in March 2023 after the acquisition by Bandhan Financial Holding and its partners. The change marked a significant transformation in its identity and operations.
Who manages the funds at Bandhan Mutual Fund and what are their credentials?
Bandhan Mutual Fund schemes are managed by a team of experienced fund managers, including individuals like Mr. Manish Gunwani and others, who bring extensive experience and expertise from the financial sector. Each fund manager’s profile, including their educational background and career achievements, can be found in detail on the Bandhan Mutual Fund website.
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