Latest NAV
₹10.1290
Apr 30, 2026
1M Return
+0.38%
3M Return
—
Since Inception
+0.95%
TER
2.10%
Regular plan
March Alpha
+6.42%
vs benchmark
Live NAV data · Source: AMFI NAV API
Trailing returns
1M
+0.38%
3M
—
Since Inception
+0.95%
Feb 2026
+0.00%
Mar 2026
+0.49%
🛡️ ALPHA SHIELD ANALYSIS
March 2026 Market Crash
When NIFTY 50 Hybrid Composite Debt 50:50 fell -6.35% in March 2026, here's how Arudha Hybrid performed:
Hybrid 50:50
-6.35%
Arudha Hybrid
+0.07%
Alpha vs Benchmark
+6.42%
Capital Protected
98.9%
How Arudha Hybrid compares in Hybrid Long Short:
Rank: #1 of 8 Hybrid Long Short funds(vs Hybrid 50:50)
What This Means:
Exceptional downside protection. This fund stayed positive when its benchmark (Hybrid 50:50) fell sharply. The hedging strategy worked exactly as designed — this is what separates SIFs from regular mutual funds.
Investment objective
Generate short- to medium-term optimal returns by investing predominantly in a combination of equity and debt securities, while also utilising limited short exposure in both asset classes through derivatives. A balanced interval strategy using both market-neutral and directional approaches based on the prevailing market outlook. Benchmarked to the CRISIL Hybrid 85+15 Conservative Index.
Strategy & allocation
Arudha is Bandhan's flagship SIF: a balanced equity-debt long-short vehicle that can flexibly tilt between equity (35–65%) and debt (35–65%) while using up to 25% unhedged short exposure via derivatives for downside protection and alpha. The interval structure (daily subscribe, redeem Mon/Thu) supports disciplined, tax- efficient return generation without daily liquidity pressures on the portfolio.
Cumulative gross exposure is hard-capped at 100% of NAV. No leverage. No commodity derivatives. No unrated debt. Physical short selling is capped at 20% net assets with a 5% single-party limit.
Strategy pillars
Core — Equity Longs
35–65% equity & equity-related instruments for capital appreciation across market caps
Core — Fixed Income
35–65% in debt and money-market instruments for accrual, stability and portfolio ballast
Enhancer — Short via Derivatives
Up to 25% unhedged short exposure (naked) via exchange-traded derivatives in equity and debt
Enhancer — Derivative Strategies
23+ derivative strategies: covered calls, protective puts, spreads, straddles, strangles, iron condors, pair trades
Diversifier — InvITs & Overseas
Up to 20% InvITs for yield; up to 50% in ADR/GDR, foreign equity and overseas ETFs (subject to RBI/SEBI limits)
Risk — Structural
Gross exposure cap at 100% NAV. Physical short selling ≤20% (≤5% per party). No leverage. No commodity derivatives.
Investor suitability
Suitable for
- ✓ Income-oriented investors with ≥₹10L surplus
- ✓ Seekers of balanced equity-debt with downside hedge
- ✓ 3+ year horizon with moderate risk appetite
- ✓ Investors comfortable with twice-weekly liquidity
Not suitable for
- ✗ Guaranteed-return seekers
- ✗ Investors needing daily liquidity
- ✗ Below ₹10L investable surplus (non-accredited)
- ✗ Short-term traders / leverage seekers
Fund management team
Kapil Kankonkar
Fund Manager — Equity
Nilesh Saha
Fund Manager — Equity / L-S
Brijesh Shah
VP — Fixed Income & Overseas
Debraj Lahiri
VP — Credit Research, FI