SB
Saurabh Bhatia
Mandate teamHybrid Long Short strategy
Bandhan Mutual Fund
FundsArudha Hybrid
Bandhan Mutual Fund
Arudha Hybrid Long-Short Fund
Hybrid Long ShortPure long shortNet long 20-50%
01 SIFPrime research brief
An interval hybrid long-short strategy.
An interval hybrid long-short strategy with market, liquidity and derivative risks. Capital and returns are not guaranteed; assess suitability using current AMC disclosures. Benchmark: CRISIL Hybrid 85+15 Conservative Index.
Current NAV
₹10.4220
2026-10-14
Core idea
Hybrid L/S
Pure long short
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-54 · Growth option
Observed 2026-02-04 to 2026-10-14 · 170 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 ₹10.0340 · latest ₹10.4220.
Max drawdown -0.26%. Peak 2026-09-23 to trough 2026-09-29.
Sharpe assumption: 5.3324% annual risk-free rate, observed 2026-07-17. Risk metrics use 169 daily returns from 2026-02-04 to 2026-10-14.
Snapshot checked 2026-10-15 04:19:10 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: 2026-02-04 → 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
+3.87%
170 NAV points
Start NAV
₹10.0340
Latest NAV
₹10.4220
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
1.17%
Sharpe ratio
0.40
Daily returns
169
Observation period
4 Feb 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.
Usually reported every 2 weeks. Latest verified disclosure: 30 Sept 2026.Portfolio lines146Top 10 concentration14.13%
Latest portfolio research · construction, positioning and changes
Loading portfolio research…
Portfolio sleeves
Listed equity
longequity share63 disclosed lines
All rows stay inside this fixed view. Scroll to inspect long and short positions without changing the page layout.
This view is normalized from the official AMC workbook. Derivative market value, notional exposure and regulatory gross exposure can use different measurement bases, so the source statement remains controlling.
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
20-50%
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: CRISIL Hybrid 85+15 Conservative Index
04 Fund managers
2 fund managers across the mandate
The manager setup should be reviewed for how equity, debt, arbitrage and hedging decisions are coordinated inside the hybrid long-short mandate.
GK
Gautam Kaul
Mandate teamHybrid 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
Debt sleeve risk
Debt and money-market instruments add interest-rate, credit-spread and issuer risks even when the strategy is equity-linked.
05
Hedge basis risk
Cash-future, options and covered-call overlays can behave differently from the underlying equity book in volatile markets.
Potential fit
Investors able to bear market, liquidity and derivative risks
Capital and returns are not guaranteed
Assess suitability using current AMC disclosures
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 Hybrid Long-Short Fund · 2 January 2026 · PDF. Read with subsequent AMC addenda.
Open Investment Strategy Information Document (ISID) (PDF)02
Key Information Memorandum (KIM)
Arudha Hybrid Long-Short Fund · 2 January 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
04 Feb 2026
TER regular
2.10%
Exit load
0.50% if redeemed within 90 days
Redemption frequency
Mondays and Wednesdays (subject to AMC dealing-day terms and subsequent addenda)
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 Hybrid 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 Hybrid Long-Short
Fund house
Bandhan Mutual Fund
Mandate
Pure long short
Current fund
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Altiva Hybrid Long-Short
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qSIF Hybrid Long-Short
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Fund
Titanium Hybrid Long-Short
Fund house
Tata Mutual Fund
Mandate
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Live
SIFPrime view
How we are thinking about Arudha Hybrid
- 01
An interval hybrid long-short strategy with market, liquidity and derivative risks. Capital and returns are not guaranteed; assess suitability using current AMC disclosures.
- 02
Benchmark: CRISIL Hybrid 85+15 Conservative Index, as disclosed in the August 2026 AMC factsheet.
- 03
Redemption: Mondays and Wednesdays (subject to AMC dealing-day terms and subsequent addenda).
Disclaimer. The information above is based on publicly available scheme documents, SIFPrime research notes and NAV data where available for Arudha Hybrid 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.
