SB
Saurabh Bhatia
Mandate teamHybrid Long Short strategy
Bandhan Mutual Fund
SIFPrime
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FundsArudha Hybrid
Bandhan Mutual Fund
Arudha Hybrid Long-Short Fund
Hybrid Long ShortPure long shortNet long 20-50%
01 SIFPrime research brief
A hybrid long-short SIF with equity participation and defensive sleeves.
Arudha Hybrid is designed to participate in equity upside while using debt and derivative sleeves to moderate portfolio volatility. The mandate can hold 65–75% in equity and equity-related instruments, 25–35% in debt and money-market securities, and up to 25% through unhedged short derivatives within scheme and SEBI limits. It is benchmarked to NIFTY 50 Hybrid Composite Debt 50:50, so the quality of hedging, net-exposure discipline and portfolio liquidity matter as much as headline return.
Current NAV
₹10.3780
NAV date pending
Core idea
Hybrid L/S
Pure long short
Team depth
2 managers
Research team mapped
Risk label
Moderate
Read with the risk framework
02 Daily NAV performance
Daily NAV movement and returns
Every published daily point is plotted; choose a period to inspect the path.
Since inception
+3.43%
0 NAV points
NAV history will appear after regular publications.
NFO and newly listed SIFs may have limited history.
Monthly returns
Compact month-by-month performance (%)
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.
Awaiting the next AMC disclosure. Latest verified data is from 31 Jul 2026.Usually reported every 2 weeksPortfolio lines180Top 10 concentration13.07%
Portfolio sleeves
Listed equity
longequity share55 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.
Equity and equity-related
Min
--
Max
65-75%
Hedged or unhedged equity sleeve
Debt and money market
Min
--
Max
25-35%
Accrual, liquidity and settlement support
Unhedged shorts
Min
--
Max
0-25%
Only through derivatives, within SEBI limits
REITs / InvITs
Min
--
Max
0-10%
Optional real-asset allocation where scheme permits
Overseas securities
Min
--
Max
Up to 35%
Subject to scheme document and regulatory limits
Benchmark: NIFTY 50 Hybrid Composite Debt 50:50
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
maximum capital protection
conservative HNI
proven hedging
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
Read the governing documents alongside the costs, liquidity and settlement terms that affect the actual investor experience.
What to read
Official disclosure checklist
01
Scheme Information Document
Mandate, portfolio bands, risk factors, benchmark and operating terms.
02
Key Information Memorandum
Quick-reference investor disclosure and application information.
03
Statement of Additional Information
AMC, trustee, taxation, legal and investor-rights disclosures.
04
Monthly factsheet and portfolio disclosure
NAV, TER, allocation and portfolio updates when regular publications are available.
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
Weekly
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
Fund
Altiva Hybrid Long-Short
Fund house
Edelweiss Mutual Fund
Mandate
Multi strategy
Live
Fund
Magnum Hybrid Long-Short
Fund house
SBI Mutual Fund
Mandate
Pure long short
Live
Fund
qSIF Hybrid Long-Short
Fund house
Quant Mutual Fund
Mandate
Quantitative
Live
Fund
Titanium Hybrid Long-Short
Fund house
Tata Mutual Fund
Mandate
Pure long short
Live
SIFPrime view
How we are thinking about Arudha Hybrid
- 01
Arudha Hybrid should be reviewed through its mandate, fund house, portfolio bands, liquidity terms, TER and risk label before any order is placed.
- 02
Built to combine equity participation with debt and hedging sleeves, aiming for smoother participation across market cycles.
- 03
Moderate risk and Weekly 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 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.
Next research
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Investor questions
Frequently asked questions
What is Arudha Hybrid Long-Short?+-
Arudha Hybrid Long-Short is an open-ended hybrid Specialized Investment Fund that combines equity, debt and equity-derivative positions, with limited unhedged short exposure (up to 25%) via derivatives, managed by Bandhan Mutual Fund. It is a SEBI-regulated Specialized Investment Fund (SIF) — a category introduced in April 2025 that sits between traditional mutual funds and PMS. The fund is benchmarked to Nifty 50 Hybrid Composite Debt 50:50. Arudha SIF launched on February 4, 2026.
Is Arudha SIF a safe investment?+-
Moderate-to-high risk. The hybrid structure (equity + debt + arbitrage) softens drawdowns versus pure equity SIFs, but the derivatives-based short exposure introduces basis and roll risk. Suited for investors looking for equity-like upside with cushioned downside. Arudha SIF is regulated by SEBI under the SIF framework, has the same custodian, audit and disclosure standards as a mutual fund, and the AMC Bandhan Mutual Fund is responsible for managing the fund within its stated mandate. However, "safe" is relative — past returns and crash-period performance are the better guide. See the live performance and Alpha Shield score for Arudha SIF above.
How is Arudha SIF different from a regular mutual fund?+-
Unlike a conventional mutual fund, Arudha SIF can take unhedged short positions (up to 25% of NAV) using derivatives. This allows the fund manager to express negative views as well as participate in rising markets. The trade-off is a more complex risk profile and a potentially higher Total Expense Ratio. SIFs follow daily NAV publication, mutual-fund-level governance, and the same tax treatment as the underlying asset class.
How are Arudha SIF returns taxed in India?+-
Arudha SIF is taxed based on its underlying portfolio composition, exactly like a mutual fund of the same category. Equity-oriented SIFs (>65% equity) qualify for equity taxation: 12.5% LTCG above ₹1.25 lakh after 12 months, 20% STCG before 12 months. Hybrid and debt-oriented SIFs are taxed at the investor's slab rate as per the post-April-2023 debt fund regime. See the SIFPrime tax guide for worked examples.
What is the expense ratio (TER) of Arudha SIF?+-
Arudha SIF's TER is published in the latest Scheme Information Document and on the AMC website. Direct plans are always cheaper than Regular plans (typically by 50–100 bps) because they do not include distributor commission. Direct plans are recommended for self-directed investors; Regular plans for investors using an MFD.
How can I invest in Arudha SIF?+-
Use the invest action on this SIFPrime fund page to create or sign in to your account and place the order from the same page. Research remains public, and the order flow only starts when you are ready to invest.
Where can I compare Arudha SIF with other SIFs?+-
Use the SIFPrime side-by-side comparison tool at /sif-compare to compare Arudha SIF against other live Specialized Investment Funds on Alpha Shield v2 where sufficient official history exists, since-inception return, the separate March 2026 stress-period result, TER, strategy and benchmark.