Bandhan Arbitrage Fund
The scheme aims to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and the derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments.
Growthvine rating: 2/5 — ranked #20 of 38 in category.
Fund basics
| Category | Hybrid: Arbitrage |
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| NAV | ₹34.57 (as of 2026-08-21) |
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| AUM | ₹8,011 Cr |
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| Expense ratio | 0.91% |
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| Riskometer | Low |
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| Fund manager | Kapil Kankonkar |
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| Exit load | 0.25% for redemption within 15 days |
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Performance & risk
| 5-year annualised return | 6.00% |
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| Sharpe ratio | 1.44 |
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| Standard deviation | 0.53% |
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| Max drawdown | -0.77% |
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| Alpha | 0 |
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| Beta | 0 |
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Over 5 years, captured 27.3% of NIFTY Multi Asset - Equity : Arbitrage : REITs/InvITs (50:40:10) Index's upside and -25.0% of its downside.
Market cap allocation
Concentration
| Top 5 holdings | 0.0% |
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| Top 10 holdings | 0.0% |
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| Total holdings | 155 |
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Top holdings
- Net Receivables/Payables (FnO) — 70.0%
- Bandhan Money Market Fund -Direct Plan-Growth — 12.9%
- Bandhan Low Duration Fund -Direct Pl-Growth — 10.8%
- Bandhan Ultra Short Duration Fund - DR Plan GR — 3.5%
- VODAFONE IDEA LIMITED — 2.7%
- HDFC Bank Ltd. — 2.6%
- Kotak Mahindra Bank Ltd. — 2.5%
- AXIS Bank Ltd. — 2.4%
- Reliance Industries Ltd — 2.2%
- Bharti Airtel Ltd. — 1.7%
Top sectors
- Agricultural & Farm Machinery — 0.0%
- Automobile — 0.0%
- Aerospace & Defence — 0.0%
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | 3.7% | Q3 | #26 of 35 |
| 2025 | 6.2% | Q2 | #16 of 31 |
| 2024 | 7.5% | Q2 | #10 of 27 |
| 2023 | 7.1% | Q2 | #10 of 25 |
| 2022 | 4.1% | Q2 | #9 of 21 |