NS
Nilesh Saha
Mandate teamEquity Long Short strategy
Bandhan Mutual Fund
FundsArudha Equity
Bandhan Mutual Fund
Arudha Equity Long-Short Fund
Equity Long ShortLong biasedNet long 55-100%
01 SIFPrime research brief
Arudha Equity research brief.
Uses a long-biased SIF mandate with regulated exposure limits and Regular Growth plan execution. Review the mandate, portfolio construction, hedge discipline, liquidity and cost structure together before assessing suitability or allocating capital.
Current NAV
₹10.1480
2026-10-14
Core idea
Equity L/S
Long biased
Team depth
2 managers
Research team mapped
Risk label
Moderate
Read with the risk framework
Research uses Direct Growth NAV history. Orders on SIFPrime use Regular Growth; the order ticket identifies the execution plan.
Loading selected-plan performance…
Direct Growth · 2026-10-14 · Source & calculation
AMFI SIF daily NAV · Scheme SIF-61 · Growth option
Observed 2026-03-30 to 2026-10-14 · 137 daily NAVs.
Absolute return = (end NAV ÷ start NAV − 1) × 100. Returns are not annualized. 1M / 3M / 6M use 30 / 91 / 182 days and the last NAV on or before the cutoff. YTD starts at the last prior-year NAV, or inception for a new fund.
Observed-history start NAV ₹9.8260 · latest ₹10.1480.
Max drawdown -5.83%. Peak 2026-08-03 to trough 2026-10-08.
Sharpe assumption: 5.3324% annual risk-free rate, observed 2026-07-17. Risk metrics use 136 daily returns from 2026-03-30 to 2026-10-14.
Snapshot checked 2026-10-15 05:12:27 UTC. The NAV date above is the valuation date; this is not a live price.
1M: 2026-09-11 → 2026-10-14
3M: 2026-07-15 → 2026-10-14
YTD: 2026-03-30 → 2026-10-14
02 Daily NAV performance
Daily NAV movement and returns
Every published daily point is plotted; choose a period to inspect the path.
Since inception
+3.28%
137 NAV points
Start NAV
₹9.8260
Latest NAV
₹10.1480
Monthly returns
Selected-plan absolute returns (%). First month is since inception; latest month is to the displayed NAV date.
Risk-adjusted performance
Observed daily NAV risk metrics
Annualized from Direct Growth NAV returns using 252 trading days. A minimum of 20 daily returns is required.
Volatility
7.59%
Sharpe ratio
0.14
Daily returns
136
Observation period
30 Mar 2026 – 14 Oct 2026
Sharpe uses an RBI 91-day T-Bill rate of 5.3324% as of 17 Jul 2026. Short track records should be treated as provisional.
03 Portfolio intelligence
Holdings by portfolio sleeve
Equity, derivatives, debt and supplemental hedge disclosures stay separate so the source can be read without mixing measurement bases.
Latest verified AMC disclosure: 30 Sept 2026.Usually reported monthlyPartial disclosurePortfolio lines71Top 10 concentration27.48%
Latest portfolio research · construction, positioning and changes
Loading portfolio research…
Portfolio sleeves
Listed equity
longequity share47 disclosed lines
All rows stay inside this fixed view. Scroll to inspect long and short positions without changing the page layout.
This is the latest verified partial disclosure. It includes the securities and aggregate sleeves published by the AMC, but it should not be read as a complete security list.
03 Portfolio construction
Asset allocation bands
Scheme-filed allocation limits show where the strategy can invest. Actual weights vary with the portfolio disclosure date and fund-manager view.
Net long exposure
Min
--
Max
55-100%
Published scheme reference; confirm the current SID
Equity, debt and derivatives
Min
--
Max
As per scheme document
Read the scheme-specific research and linked SID for each allocation limit
Benchmark: Nifty 500 TRI
04 Fund managers
2 fund managers across the mandate
The manager setup matters because equity long-short outcomes depend on stock selection, hedge construction and downside-control discipline.
BS
Brijesh Shah
Mandate teamEquity Long Short strategy
Bandhan Mutual Fund
Team lens
Review how equity, debt, arbitrage and hedging decisions are coordinated across the full mandate, not as isolated manager sleeves.
05 Risk framework
Where the strategy can break
Read each risk as an operating condition to monitor. Hedging can change the shape of drawdowns, but it does not remove market, liquidity or execution risk.
01
Market risk
SIF NAVs can fall with equity, debt, liquidity and sentiment shocks. Hedging can reduce drawdowns but cannot remove market risk.
02
Derivative and short risk
Futures and options can amplify gains and losses. Unhedged short exposure is capped by the SEBI SIF framework but still needs active risk control.
03
Liquidity and redemption risk
Many SIFs are interval strategies. Redemption windows, settlement time and underlying portfolio liquidity matter before allocating capital.
04
Mid and small-cap liquidity
Ex-top-100 and broader equity long-short mandates can face sharper price impact and wider bid-ask spreads during stress.
05
Manager execution risk
Security selection, timing, hedge sizing and short-book discipline drive outcomes more than in a passive or plain-vanilla fund.
Potential fit
new fund entry
Bandhan track record
equity long-short
Investors comfortable with scheme-defined liquidity
Mismatch signals
Capital preservation or guaranteed return expectations
A need for daily redemption flexibility
A short holding period sensitive to exit load and NAV seasoning
An assumption that derivatives always reduce downside
Monitoring checklist
What should change your view
Daily NAV behavior through stressed markets
Portfolio sleeves versus the filed mandate
TER drift across Regular and Direct plans
Liquidity and hedge behavior across disclosures
06 Due diligence desk
Documents and operating terms
Official notices & addendums
September portfolio statements published
Published 9 Oct 2026
Read the governing documents alongside the costs, liquidity and settlement terms that affect the actual investor experience.
What to read
Official disclosure checklist
01
Investment Strategy Information Document (ISID)
Arudha Equity Long-Short Fund · 6 February 2026 · PDF. Read with subsequent AMC addenda.
Open Investment Strategy Information Document (ISID) (PDF)02
Key Information Memorandum (KIM)
Arudha Equity Long-Short Fund · 6 February 2026 · PDF.
Open Key Information Memorandum (KIM) (PDF)03
Statement of Additional Information
Arudha SIF · 30 June 2026 · PDF. Read with subsequent AMC addenda.
Open Statement of Additional Information (PDF)04
Monthly factsheet
Arudha SIF · August 2026 · PDF covering both strategies. Current notices and portfolio disclosures are available in the AMC download directory.
Open Monthly factsheet (PDF)Investor terms
Cost and access snapshot
Allotment / inception
30 Mar 2026
TER regular
2.10%
Exit load
0.50% if redeemed within 30 days; Nil after
Redemption frequency
Daily
Settlement
T+3
Plans / options
Direct and Regular, Growth option
Treat the SID and latest factsheet as controlling sources whenever a website summary and official disclosure differ.
In context
Comparable Equity Long Short SIFs in India
Compare this fund with nearby SIFs in the same category or mandate family before deciding allocation size.
FundFund houseMandateStatus
Fund
Arudha Equity Long-Short
Fund house
Bandhan Mutual Fund
Mandate
Long biased
Current fund
Fund
MSIF Equity Long-Short Fund
Fund house
Mahindra Manulife Mutual Fund
Mandate
Equity long short
NFO
Fund
qSIF Equity Long-Short
Fund house
Quant Mutual Fund
Mandate
Quantitative
Live
Fund
Diviniti Equity Long-Short
Fund house
ITI Mutual Fund
Mandate
Pure long short
Live
Fund
DynaSIF Equity Long-Short
Fund house
360 ONE Mutual Fund
Mandate
Pure long short
Live
SIFPrime view
How we are thinking about Arudha Equity
- 01
Arudha Equity should be reviewed through its mandate, fund house, portfolio bands, liquidity terms, TER and risk label before any order is placed.
- 02
Uses a long-biased SIF mandate with regulated exposure limits and Regular Growth plan execution.
- 03
Moderate risk and Daily liquidity mean the investment should be matched to holding period, drawdown comfort and redemption needs.
Disclaimer. The information above is based on publicly available scheme documents, SIFPrime research notes and NAV data where available for Arudha Equity Long-Short Fund. SIFPrime is an AMFI-registered mutual fund distributor and does not provide investment advice. SIFs are subject to market risk; please read the SID/SAI carefully before investing.
Risk label: Moderate. Investments in SIFs involve relatively higher risk including possible loss of capital, liquidity risk and market volatility.
