Bandhan Arbitrage Fund Regular IDCW NAV today
AMFI: 108847ISIN: INF194K01656MUTF_IN: BAND_ARBI_REG_1XGPX6CBandhan Mutual FundArbitrage funds
Formerly IDFC Arbitrage Fund
NAV ₹10.7325
NAV for 23 Oct 2026. Declared once a day.
- Fund sizeAssets under management. The money the fund manages for all its investors, across every plan, at the end of the month.
- ₹7,734 CrSep 2026
- Expense ratioTotal expense ratio. What the fund charges each year as a share of the money invested, taken out of the NAV every day, so the returns shown are already after it.
- 2.35%14 Oct 2026
- P/EP/E. What the fund pays for each rupee of yearly profit its companies earn: the total value of its shares divided by those companies' last four quarters of profit, each in proportion to what the fund holds. The profit leaves out one-off items (exceptional items and businesses sold or demerged), so one company's one-off gain cannot make the fund look cheap. A loss-making company lowers the profit. Shown when at least 80% of the fund's shares are counted.
- 20.830 Sep 2026
- Risk levelRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month.
- LowAug 2026
- HoldingsHoldings. The number of different securities in the fund's latest monthly portfolio: shares, bonds, money market paper and units of other funds, not cash, overnight lending or futures.
- 16930 Sep 2026
- LaunchedLaunch date. The day the fund first allotted units to investors, at the close of its new fund offer.
- 21 Dec 2006
Bandhan Arbitrage Fund returns
Read from the regular plan's growth option: an IDCW plan's NAV falls by every payout, so it carries no return of its own
Over each window to 23 Oct 2026
| Over | ReturnTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). | BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back. | Rank in categoryRank in category. The fund's place among the funds of its category with a return over the same window, highest return first. | Category medianCategory median. The middle return of the funds in the category over the same window: half returned more, half less. | Middle halfMiddle half of the category. The returns of the fund a quarter of the way down the category and the fund a quarter of the way up, over the same window: half the category's funds returned between the two. |
|---|---|---|---|---|---|
| 1 week | +0.20% | +0.03% | – | – | – |
| 1 month | +0.53% | +0.67% | 35 of 39 | +0.59% | +0.6% to +0.6% |
| 3 months | +1.47% | +1.81% | 30 of 38 | +1.52% | +1.5% to +1.6% |
| 6 months | +2.82% | +3.41% | 28 of 37 | +2.90% | +2.8% to +3.0% |
| 1 year | +5.86% | +7.43% | 28 of 34 | +6.11% | +5.9% to +6.2% |
| 3 years | +6.53% | +7.43% | 15 of 26 | +6.54% | +6.4% to +6.7% |
| 5 years | +6.06% | +6.78% | 12 of 24 | +6.05% | +5.9% to +6.2% |
| 10 years | +5.61% | +5.61% | 11 of 15 | +5.69% | +5.6% to +5.8% |
₹10,000 put in on 2 Jun 2008 is ₹30,871 at the NAV of 23 Oct 2026Growth of ₹10,000. What ₹10,000 put in at the NAV of the first day would be worth at the latest NAV, after the fund's expenses and before tax and any exit load.Over a year and longer, a return is the yearly rate. Benchmark: Nifty 50 Arbitrage Index, over the same days as the fund. Rank, median and middle half among the Regular plans of Arbitrage funds, each fund's return to its latest NAV on or before 25 Oct 2026.
At the month end, 30 Sep 2026
| Over | FundTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). | BenchmarkBenchmark return. The change in the benchmark index's total return level over the same dates as the fund's return, as a yearly rate over a year and longer. |
|---|---|---|
| 1 year | +5.76% | +7.33% |
| 3 years | +6.52% | +7.42% |
| 5 years | +5.99% | +6.69% |
| 10 years | +5.59% | +5.60% |
| Since launch | +6.49% | – |
Benchmark: Nifty 50 Arbitrage Index. Both as the fund house states them for the month.
Return in each calendar year
- Fund, Regular GrowthCalendar year return. The change in NAV from the last NAV of one year to the last NAV of the next.
- Nifty 50 Arbitrage IndexBenchmark return. The change in the benchmark index's total return level over the same dates as the fund's return, as a yearly rate over a year and longer.
Highest year to Dec 2012, +9.3%; lowest year to Dec 2009, +3.3%Above the benchmark in 7 of 15 years
Bandhan Arbitrage Fund SIP returns
₹10,000 on the 1st of every month, valued at the NAV of 23 Oct 2026
| Period | InvestedAmount invested. ₹10,000 on the 1st of every month, or the next day the fund priced, added up over the period. | Value todayValue today. What the units bought by every instalment are worth at the latest NAV. | Invested against value today | SIP returnSIP return (XIRR). The yearly rate that, applied to each monthly instalment from the day it was invested, gives the value of all the units today. | After stamp dutySIP return after stamp duty. The same SIP return with stamp duty of 0.005% taken from every instalment since 1 Jul 2020, so ₹10,000 buys ₹9,999.50 of units. | Stamp dutyStamp duty paid. The stamp duty on all the instalments, in rupees: 0.005% of each purchase made since 1 Jul 2020. |
|---|---|---|---|---|---|---|
| 1 year12 instalments | ₹1,20,000 | ₹1,23,596₹1,23,590 after stamp duty | +5.85% | +5.84% | ₹6 | |
| 3 years36 instalments | ₹3,60,000 | ₹3,94,726₹3,94,706 after stamp duty | +6.16% | +6.16% | ₹18 | |
| 5 years60 instalments | ₹6,00,000 | ₹7,03,823₹7,03,787 after stamp duty | +6.37% | +6.37% | ₹30 | |
| 10 years120 instalments | ₹12,00,000 | ₹16,08,889₹16,08,843 after stamp duty | +5.74% | +5.74% | ₹38 | |
| Since Jun 2008220 instalments | ₹22,00,000 | ₹40,00,520₹40,00,474 after stamp duty | +6.15% | +6.15% | ₹38 |
From the Regular Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
Rolling returns
Per cent a year, every window from 2 Jun 2008 to 23 Oct 2026
Lowest to highestAverage
LowestLowest rolling return. The worst yearly return of any window of this length in the fund's history, one window starting on each day it priced.AverageAverage rolling return. The average of the yearly returns of every window of this length in the fund's history.HighestHighest rolling return. The best yearly return of any window of this length in the fund's history.Ended higherWindows that ended higher. The share of all the windows of this length in which the NAV ended above where it started.
1 year4,296 windows+2.7%+6.4%+9.8%100.0%
3 years3,798 windows+3.6%+6.5%+9.2%100.0%
5 years3,305 windows+4.7%+6.4%+8.7%100.0%
10 years2,076 windows+5.6%+6.4%+7.3%100.0%
Every 1, 3, 5 and 10-year window ended higher than it started.From the Regular Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
Bandhan Arbitrage Fund expense ratio and exit load
Per cent of the money invested, a year. Each month shows its last day filed; the parts were redefined from Apr 2026.
- Regular over directDirect and regular plan cost gap. The regular plan's expense ratio less the direct plan's: what buying through a distributor costs each year, since both plans own the same portfolio.
- 0.72 ptsA year, on 14 Oct 2026
- Direct, 30-day averageExpense ratio, 30-day average. The total expense ratio averaged over the last 30 days the fund filed it, which evens out the day-to-day moves in brokerage and levies.
- 1.65%Over the last 30 days filed
- Regular, 30-day averageExpense ratio, 30-day average. The total expense ratio averaged over the last 30 days the fund filed it, which evens out the day-to-day moves in brokerage and levies.
- 2.37%Over the last 30 days filed
Total expense ratio, month by month
- Regular plan
- Direct plan
Direct plan highest 1.67%, Sep 2026.Direct plan lowest 0.27%, Apr 2020.
What the expense ratio is made of
| Part | Direct | Regular |
|---|---|---|
| Base expense ratioBase expense ratio. The part of the expense ratio that pays the fund house and the distributor, before brokerage, transaction costs, levies and GST. | 0.29% | 0.91% |
| Brokerage | 0.14% | 0.14% |
| Transaction costs | 0.05% | 0.05% |
| Statutory levies | 1.15% | 1.25% |
Per cent of assets a year, filed for 14 Oct 2026. The parts add up to that day's total.
Exit load, in the fund house's words
W.e.f 01-Jul-2016 Entry Load: Nil - Exit Load: 0.25% if redeemed / switched out within 1 month from the date of allotment, for all investments (including SIP/STP-in registered) from the effective date. Please refer the scheme information document / addend
Buying and selling
- Lump-sum purchases
- Accepted
- Minimum investmentMinimum investment. The smallest amount the plan accepts for a first purchase.
- ₹100
- Minimum top-up
- ₹100
- Minimum redemption
- ₹500
- SIP
- Accepted
- SIP minimum
- ₹100
- SIP instalments, at least
- 6
- STP, transfers to another fund
- Not accepted
- SWP, regular withdrawals
- Accepted
- Switches
- Accepted
- Lock-inLock-in. The time after each purchase during which those units cannot be sold.
- None
- SIP dates
- Monthly - Investor may choose any day of the month from 1st to 31st as the date of the instalment and Quarterly -Investor may choose any day of the month from 1st to 31st as the date of the instalment
As listed for this plan on 24 Oct 2026.
Bandhan Arbitrage Fund AUM
₹ crore, every plan of the fund together.
- Average assetsAverage assets under management. The money the fund managed, averaged over every day of the quarter, added up across its plans.
- ₹7,984 CrQuarter to Sep 2026
- In the direct plansShare of assets in the direct plans. The direct plans' average assets for the quarter as a percentage of the fund's total; the rest is in the regular plans, bought through distributors.
- 60.9%Of the quarter's average
Average assets by quarter, by plan
- Regular plans
- Direct plans
Largest ₹11,309 Cr, quarter to Mar 2020.
Assets at each month end
Highest ₹12,224 Cr, Jan 2020.Lowest ₹2,856 Cr, Mar 2023.
Bandhan Arbitrage Fund portfolio
Portfolio disclosed for 30 Sep 2026.
Holdings on 30 Sep 2026
| Large, mid and small cap. Companies ranked by average market value over six months: the first 100 are large cap, the next 150 mid cap, the rest small cap, by the list in force for the portfolio's month. | Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | Held since. The first month end of the fund's current run of holding this position; marked "or earlier" where that month is the fund's first portfolio on record or the first after a gap in its portfolios. | ||||
|---|---|---|---|---|---|---|
| Bandhan Money Market Fund | Fund units | 13.52% | 1,047.33 | 22,10,60,752 | Jan 2024or earlier | |
| Bandhan Ultra Short to Short Term Fund | Fund units | 8.95% | 693.31 | 16,26,39,014 | May 2024 | |
| HDFC BankBanks | Shares | Large cap2nd | 5.22% | 404.55 | 57,08,300 | Mar 2022 |
| Bandhan Ultra Short Term Fund | Fund units | 4.93% | 381.49 | 22,88,13,997 | Apr 2025 | |
| Reliance IndustriesPetroleum Products | Shares | Large cap1st | 4.47% | 346.31 | 29,17,500 | Mar 2018 |
| ICICI BankBanks | Shares | Large cap5th | 4.31% | 333.44 | 25,22,800 | Oct 2024 |
| Vodafone IdeaTelecom - Services | Shares | Large cap83rd | 2.34% | 181.23 | 13,99,48,050 | Jul 2023 |
| Axis BankBanks | Shares | Large cap15th | 1.97% | 152.25 | 12,41,875 | Oct 2023 |
| State Bank of IndiaBanks | Shares | Large cap4th | 1.80% | 139.25 | 14,51,250 | Feb 2026 |
| Bharti AirtelTelecom - Services | Shares | Large cap3rd | 1.44% | 111.67 | 6,35,550 | Oct 2023 |
| Kotak Mahindra BankBanks | Shares | Large cap16th | 1.36% | 105.50 | 25,30,000 | Oct 2024 |
| Adani EnterprisesMetals & Minerals Trading | Shares | Large cap28th | 1.26% | 97.61 | 3,36,192 | Feb 2026 |
| Canara BankBanks | Shares | Large cap80th | 1.22% | 94.57 | 79,17,750 | Feb 2026 |
| Jio Financial ServicesFinance | Shares | Large cap53rd | 1.19% | 92.15 | 42,48,800 | Nov 2024 |
| JSW SteelFerrous Metals | Shares | Large cap26th | 1.09% | 84.60 | 6,75,000 | Apr 2023or earlier |
Weight is per cent of the fund's net assets; value in ₹ crore. 32 lines filed with no weight are listed without one.
Futures and options on 30 Sep 2026
| Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | |||
|---|---|---|---|
| HDFC Bank Limited October 2026 Future | −4.86% | −376.55 | −52,62,400 |
| ICICI Bank Limited October 2026 Future | −4.27% | −330.44 | −24,86,400 |
| Reliance Industries Limited October 2026 Future | −4.08% | −316.01 | −26,51,500 |
| Vodafone Idea Limited October 2026 Future | −2.35% | −181.65 | −13,99,48,050 |
| Axis Bank Limited October 2026 Future | −1.97% | −152.48 | −12,41,875 |
| State Bank of India October 2026 Future | −1.54% | −118.89 | −12,29,250 |
| Bharti Airtel Limited October 2026 Future | −1.45% | −112.28 | −6,35,550 |
| Kotak Mahindra Bank Limited October 2026 Future | −1.33% | −103.31 | −24,78,000 |
| Adani Enterprises Limited October 2026 Future | −1.26% | −97.58 | −3,36,192 |
| Jio Financial Services Limited October 2026 Future | −1.19% | −92.05 | −42,44,100 |
| Canara Bank October 2026 Future | −1.10% | −85.24 | −70,74,000 |
| JSW Steel Limited October 2026 Future | −1.10% | −85.44 | −6,75,000 |
| Life Insurance Corporation Of India October 2026 Future | −1.08% | −83.75 | −20,95,800 |
| Tata Steel Limited October 2026 Future | −1.00% | −77.57 | −41,69,000 |
| Coal India Limited October 2026 Future | −0.98% | −76.16 | −17,87,400 |
Weight is per cent of the fund's net assets; value in ₹ crore. 32 lines filed with no weight are listed without one.
Cash and receivables on 30 Sep 2026
| Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | ||
|---|---|---|
| Triparty Repo TRP_011026 | 1.37% | 105.90 |
| Net Current Assets | −0.34% | −26.50 |
| Cash Margin - CCIL | 0.01% | 0.67 |
Weight is per cent of the fund's net assets; value in ₹ crore. 32 lines filed with no weight are listed without one.
- Largest holdingLargest holding. The share of the fund in its single largest position, cash and futures not counted as positions.
- 13.52%Bandhan Money Market Fund
- Top 5 holdingsTop 5 holdings. The share of the fund held in its five largest positions.
- 37.09%
- Top 10 holdingsTop 10 holdings. The share of the fund held in its ten largest positions.
- 48.95%
- Top 10 sharesTop 10 shares. The share of the fund held in its ten largest shareholdings, bonds and fund units left out.
- 25.39%
- Effective holdingsEffective number of holdings. The number of equal-sized positions that would be as concentrated as the fund's actual weights.
- 24.6Taken over 98.96% of the fund
Asset allocation
Asset allocation. What the fund owns, by kind of asset, each as a share of its net assets; futures and options are shown beside it, not in it, since they are contracts rather than assets bought.- Indian shares70.17%
- Bonds and bills1.39%
- Units of other funds27.40%
- Cash and receivables1.04%
- Futures and options, netFutures and options, net. The value of the shares or bonds the fund's contracts are written on, as a share of its net assets, a sold contract counted as a minus: a hedged fund's sold futures offset the shares it holds.−70.52%
- Futures and options, grossFutures and options, gross. The value the fund's contracts are written on, as a share of its net assets, counting each contract as a plus whichever way it faces.70.52%
Per cent of the fund's net assets.
Large, mid and small cap
Large, mid and small cap. Companies ranked by average market value over six months: the first 100 are large cap, the next 150 mid cap, the rest small cap, by the list in force for the portfolio's month.- Large cap72.84%Category 75.59%
- Mid cap22.22%Category 19.51%
- Small cap4.95%Category 4.90%
Per cent of the fund's Indian shares. By the list for the six months to Jun 2026. Category is the average of 40 Arbitrage funds.
Sector allocation
Sector weight. The fund's shares grouped by the business each company is in, less the futures sold on them, each group as a share of the fund's net assets.0sectors
Per cent of the fund's net assets, less the futures sold on its shares, Sep 2026. Category is the average of 40 Arbitrage funds. Category average. The sector's weight, less the futures sold on it, averaged over the 40 Arbitrage funds that disclosed a portfolio for Sep 2026. A fund holding none of the sector counts as 0.
Sector allocation month by month
| 13 months | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fast Moving Consumer Goods13 companies | 0.00% | −0.07% | −0.02% | −0.01% | 0.00% | −0.04% | 0.00% | −0.03% | −0.01% | −0.02% | −0.02% | −0.04% | |
| Healthcare12 companies | 0.00% | 0.00% | −0.01% | −0.04% | −0.03% | −0.01% | −0.01% | −0.02% | −0.04% | −0.01% | −0.02% | −0.02% | |
| Consumer Durables7 companies | 0.00% | 0.00% | −0.01% | −0.01% | −0.02% | −0.01% | 0.00% | −0.01% | 0.00% | −0.02% | −0.01% | −0.01% | |
| Information Technology8 companies | 0.00% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | −0.01% | −0.01% | 0.00% | 0.01% | 0.00% | −0.02% | |
| Services4 companies | 0.00% | −0.04% | −0.02% | −0.01% | −0.01% | −0.02% | −0.01% | −0.02% | 0.00% | −0.01% | −0.02% | −0.02% | |
| Construction Materials3 companies | 0.00% | −0.01% | −0.03% | −0.02% | −0.01% | −0.01% | 0.00% | 0.01% | −0.01% | −0.01% | −0.01% | −0.01% | |
| Construction2 companies | 0.00% | 0.00% | 0.00% | 0.00% | −0.01% | −0.02% | −0.01% | 0.00% | −0.01% | −0.01% | −0.02% | −0.02% | |
| Realty3 companies | 0.00% | 0.00% | 0.00% | −0.01% | 0.00% | 0.00% | −0.01% | −0.01% | 0.00% | −0.01% | −0.01% | 0.00% | |
| Textiles1 company | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Metals & Mining10 companies | −0.01% | −0.07% | −0.02% | −0.06% | −0.04% | −0.02% | −0.03% | −0.03% | −0.01% | −0.02% | −0.05% | −0.04% | |
| Automobile And Auto Components11 companies | −0.01% | −0.02% | −0.01% | −0.02% | −0.01% | 0.00% | −0.01% | −0.01% | −0.01% | −0.01% | −0.02% | −0.01% | |
| Consumer Services7 companies | −0.01% | 0.01% | 0.00% | −0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | −0.02% | 0.00% |
Per cent of the fund's net assets, less the futures sold on its shares, at each month end, Oct 2025 to Sep 2026; the line runs from Sep 2025.
Bought and sold
Sep 2026 against Aug 2026, position by position.
Positions changed, month by month
- New
- Added
- Trimmed
- Sold out
- New positionsNew positions. Holdings in this month's portfolio that were not in the month before.
- 18531.78% of the fund
- Sold outSold out. Holdings in last month's portfolio that are gone from this one, other than a bond or deposit repaid on its due date.
- 18266.64% of the fund before
- MaturedMatured. Bonds and deposits whose repayment date fell between the two portfolios, so they were repaid rather than sold. One sold in its last days reads the same.
- 1
- Added toAdded to. Holdings with more units than the month before. Where the fund states no units, a weight that rose by more than a tenth.
- 68
- TrimmedTrimmed. Holdings with fewer units than the month before. Where the fund states no units, a weight that fell by more than a tenth.
- 128
- UnchangedUnchanged. Holdings with the same number of units as the month before. Their weight can still move with the price.
- 5
- Traded at leastTraded at least. The smaller of the weight bought in new positions and the weight sold out of old ones, cash left out: the least the fund must have bought and sold in the month.
- 31.78%
- Weight that movedWeight that moved. Half the sum of every position's change in weight between the two month ends, new and sold positions included; price moves alone raise it.
- 76.92%
Changes in Sep 2026
| What changed. New: not held the month before. Added or trimmed: more or fewer units than the month before, or, where no units are stated, a weight that moved by more than a tenth. Sold out: held the month before, gone now. Matured: a bond or deposit whose repayment date fell between the two portfolios, so it was repaid rather than sold (one sold in its last days reads the same). | Change in weight. The holding's weight this month less its weight the month before, in percentage points; a price move alone changes it. | ||||
|---|---|---|---|---|---|
| Reliance Industries | Added | 4.47% | 2.11% | +2.36 pts | +16,26,500 |
| ICICI Bank | Added | 4.31% | 2.30% | +2.01 pts | +12,91,500 |
| Bandhan Ultra Short Term Fund | Added | 4.93% | 3.59% | +1.34 pts | +6,00,35,783 |
| Adani Ports and Special Economic Zone | Sold out | – | 1.02% | −1.02 pts | −4,97,325 |
| Larsen & Toubro | Trimmed | 0.72% | 1.55% | −0.83 pts | −1,48,575 |
| National Bank For Agriculture and Rural Development | New | 0.63% | 0.00% | +0.63 pts | +50,00,000 |
| National Bank For Agriculture and Rural Development | New | 0.63% | 0.00% | +0.63 pts | +50,00,000 |
| Vodafone Idea | Trimmed | 2.34% | 2.94% | −0.60 pts | −2,01,55,950 |
| Max Financial Services | Trimmed | 0.32% | 0.89% | −0.57 pts | −2,59,600 |
| DLF | Sold out | – | 0.55% | −0.55 pts | −6,24,150 |
| HDFC Bank | Added | 5.22% | 4.76% | +0.46 pts | +4,76,450 |
| Multi Commodity Exchange of India | Added | 0.61% | 0.16% | +0.45 pts | +1,06,875 |
| Axis Bank | Trimmed | 1.97% | 2.41% | −0.44 pts | −2,04,375 |
| IndusInd Bank | New | 0.39% | 0.00% | +0.39 pts | +3,33,900 |
| Swiggy | New | 0.39% | 0.00% | +0.39 pts | +12,06,325 |
Weights are per cent of the fund's net assets; a change in weight is in percentage points. Securities only: 378 futures, options and cash lines that changed are not listed.
Holdings month by month
| Holding | Oct 25 | Nov 25 | Dec 25 | Jan 26 | Feb 26 | Mar 26 | Apr 26 | May 26 | Jun 26 | Jul 26 | Aug 26 | Sep 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bandhan Money Market Fund | 12.12% | 12.00% | 11.94% | 12.18% | 12.50% | 13.93% | 13.20%Cut | 12.45%Cut | 12.58% | 12.93% | 13.36% | 13.52% |
| Bandhan Ultra Short to Short Term Fund | 6.40%Added | 6.34% | 6.30% | 6.42% | 6.59% | 7.34% | 6.96%Cut | 6.12%Cut | 8.65%Added | 10.76%Added | 8.85%Cut | 8.95%Added |
 HDFC Bank | 3.84%Cut | 3.63%Cut | 3.85%Added | 4.18%Added | 5.12%Added | 4.96%Added | 4.56%Cut | 4.69%Added | 4.41%Cut | 2.62%Cut | 4.76%Added | 5.22%Added |
| Bandhan Ultra Short Term Fund | 2.70% | 2.67% | 2.66% | 2.71% | 5.68%Added | 6.33% | 7.24%Added | 6.69%Cut | 3.38%Cut | 3.48% | 3.59%Added | 4.93%Added |
 Reliance Industries | 4.19%Cut | 4.02%Cut | 3.90%Cut | 3.41%Cut | 2.60%Cut | 1.47%Cut | 1.89%Added | 1.90%Added | 2.22%Added | 2.18%Cut | 2.11%Cut | 4.47%Added |
 ICICI Bank | 2.73%Cut | 2.94%Added | 3.05%Added | 3.01%Cut | 3.38%Added | 3.31%Added | 2.70%Cut | 3.87%Added | 1.78%Cut | 1.69%Cut | 2.30%Added | 4.31%Added |
 Vodafone Idea | 2.68%Cut | 2.93%Cut | 3.16%Added | 3.36%Added | 3.39%Added | 2.87%Cut | 3.38%Cut | 4.01%Cut | 2.97%Cut | 2.70%Cut | 2.94%Cut | 2.34%Cut |
 Axis Bank | 1.74%Cut | 1.92%Added | 2.41%Added | 2.15%Cut | 1.88%Cut | 1.94%Added | 0.74%Cut | 1.19%Added | 1.33%Added | 2.37%Added | 2.41%Cut | 1.97%Cut |
 State Bank of India | 1.19%Cut | 0.04%Cut | 0.16%Added | Sold out | 0.29%Bought again | 1.36%Added | 1.51%Added | 1.53%Added | 1.22%Cut | 1.48%Added | 1.66%Added | 1.80%Added |
 Bharti Airtel | 0.42%Added | 0.28%Cut | 0.33%Added | 0.55%Added | 0.38%Cut | 1.10%Added | 1.89%Added | 0.37%Cut | 0.44%Added | 1.74%Added | 1.63%Cut | 1.44%Cut |
 Kotak Mahindra Bank | 1.18%Cut | 1.45%Added | 1.77%Added | 1.70%Added | 1.88%Added | 1.75%Cut | 2.49%Added | 1.40%Cut | 1.90%Added | 2.51%Added | 1.72%Cut | 1.36%Cut |
 Adani Enterprises | 0.90%Added | 0.27%Cut | 0.25%Cut | Sold out | 0.22%Bought again | 0.01%Cut | 1.24%Added | 1.84%Added | 1.56%Cut | 1.54%Cut | 1.46%Cut | 1.26%Cut |
 Canara Bank | 0.90%Cut | –Cut | 0.03%Added | Sold out | 0.06%Bought again | 0.21%Added | 0.29%Added | 0.60%Added | 1.02%Added | 1.29%Added | 1.31%Cut | 1.22%Cut |
 Jio Financial Services | 1.22%Added | 1.48%Added | 1.55%Added | 1.52%Added | 1.65%Added | 1.41%Cut | 1.85%Added | 1.56%Cut | 1.75%Added | 1.74%Cut | 1.43%Cut | 1.19%Cut |
 JSW Steel | 1.31%Cut | 1.24%Added | 1.51%Added | 1.70%Added | 1.81%Added | 1.64%Cut | 1.84%Added | 1.79%Cut | 1.61%Cut | 1.71%Added | 1.18%Cut | 1.09%Cut |
Per cent of the fund's net assets at each month end, Oct 2025 to Sep 2026. Under it, the change on the fund's previous month. "After a gap" is a holding after a month with no portfolio on record, so when it was bought is not known; "Not filed" is one gone across such a gap. The 102 holdings no longer held, sold or repaid within these months, are not listed.
Portfolio turnover, per cent of assets a year
- TurnoverPortfolio turnover. How much of the portfolio the fund bought or sold over the last year, as a share of its assets, as the fund house states it.
Highest 182.0% in Mar 2026
Risk ratios
NAV to 23 Oct 2026
Each bar runs from the lowest to the highest figure among the Regular plans of Arbitrage funds (26 funds) over the same 3 years; the tick is their average and the dot this fund.
How much the NAV moves
Standard deviationStandard deviation. How far the fund's monthly returns spread around their average, stated as a yearly figure: the wider the spread, the more the NAV moves.0.53%
0.43%Lowest0.52%Average0.71%Highest
Downside deviationDownside deviation. Standard deviation counting only the months in which the fund lost money, stated as a yearly figure.0.00%
0.00%Lowest0.01%Average0.12%Highest
Sharpe ratioSharpe ratio. The monthly return above the 91-day Treasury bill yield, divided by its standard deviation and stated for a year: the extra return for each unit of movement in the NAV.0.87
−1.07Lowest0.80Average1.39Highest
Sortino ratioSortino ratio. The monthly return above the 91-day Treasury bill yield, divided by how far it fell below that yield and stated for a year: the extra return for each unit of movement on the way down.1.41
−1.21Lowest1.38Average2.51Highest
From the Regular Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
Against Nifty 50 Arbitrage Index
BetaBeta. How much the fund's monthly return moved for each 1% move in its benchmark: 1 moves with it, below 1 moves less.0.61
0.51Lowest0.62Average0.89Highest
AlphaAlpha. The yearly return the fund made beyond what its beta to the benchmark accounts for.−0.37 pts
−1.20 ptsLowest−0.43 ptsAverage−0.09 ptsHighest
R-squaredR-squared. The share of the fund's monthly movement that its benchmark's movement explains, from 0 to 100.47.4
29.5Lowest53.0Average68.8Highest
CorrelationCorrelation. How closely the fund's monthly returns moved in step with its benchmark's, from minus 1 (always opposite) to 1 (always together).0.69
0.54Lowest0.73Average0.83Highest
Upside captureUpside capture. The fund's return in the months its benchmark rose, as a percentage of the benchmark's return in those months.88.2%
75.6%Lowest87.7%Average92.0%Highest
Downside captureDownside capture. The fund's return in the months its benchmark fell, as a percentage of the benchmark's fall in those months.Needs 6 falling months
Largest falls
| Largest over | FallLargest fall. The biggest drop in NAV from a high to the low that followed, before the NAV went back above that high. | High on | Low on | Back at the highBack at the high. The first day the NAV closed at or above the high it had fallen from. |
|---|---|---|---|---|
| 1, 3 and 5 years | −0.43% | 3 Aug 2026 | 6 Aug 2026 | 24 Aug 2026 |
| 10 years and since Jun 2008 | −0.77% | 16 Mar 2020 | 25 Mar 2020 | 21 Apr 2020 |
Risk level by month
| Months | FundRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month. | BenchmarkBenchmark's risk level. The riskometer level of the fund's benchmark index for the same month, on the same six-step scale as the fund's own. |
|---|---|---|
| Oct 2021 to Aug 202659 months | Low | LowNifty 50 Arbitrage Index |
The riskometer at each month end, the fund's and its benchmark's. A month with none on record is left out.
Bandhan Arbitrage Fund managers
Managers now
| Manager | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. | Portfolio changed after the handover. How much of the portfolio was different three months after the manager took over: half the sum of every holding's change in weight, with each side's holdings scaled to add up to 100 so a move into cash does not count. | Portfolio changed before the handover. The same measure over the three months before the manager took over, since portfolios change anyway. | Assets the manager runs. The latest monthly size of every fund the manager runs now, added up; a fund run with others counts in full for each of its managers, and the line under it counts only the funds they run alone. | ||
|---|---|---|---|---|---|---|---|---|
| Kapil KankonkarComanage (Equity portion) | Jun 2025 | +5.66%a year | – | – | 26.5% | 33.0% | 3 | ₹11,804 Cr |
| Harshal JoshiComanage (Debt portion). | Oct 2016 | +5.60%a year | – | – | 59.9% | 65.1% | 20 | ₹55,832 Cr₹13,143 Cr alone |
| Ritika BeheraComanage - (Equity Portion) Foreign/overseas investment | Oct 2023 | +6.51%a year | – | – | 55.2% | 40.5% | 6 | ₹13,512 Cr |
| Gaurav SatraComanage - (Equity Portion) Foreign/overseas investment | Jun 2024 | +6.13%a year | – | – | 33.7% | 34.6% | 5 | ₹12,509 Cr |
| Brijesh ShahComanage - (Debt Portion) Foreign/overseas investment | Jun 2024 | +6.13%a year | – | – | 33.7% | 34.6% | 13 | ₹50,002 Cr₹1,998 Cr alone |
Returns are the regular plan's growth NAV, from the day each took over to the latest NAV, beside the benchmark over the same days.
Other funds they run
| Fund | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. | ||
|---|---|---|---|---|---|
| Bandhan Multi Asset Allocation FundKapil Kankonkar | Jun 2025 | +10.09%a year | – | – | ₹3,676 Cr |
| Bandhan Equity Savings FundKapil Kankonkar | Jun 2025 | +3.12%a year | – | – | ₹394 Cr |
| Bandhan Liquid FundHarshal Joshi | Sep 2015 | +6.12%a year | – | – | ₹15,011 Cr |
| Bandhan Ultra Short to Short Term FundHarshal Joshi | Jul 2021 | +5.98%a year | – | – | ₹6,362 Cr |
| Bandhan Crisil IBX Gilt June 2027 Index FundHarshal Joshi | Jul 2021 | +5.80%a year | – | – | ₹5,184 Cr |
| Bandhan Ultra Short Term FundHarshal Joshi | Jul 2018 | +6.22%a year | – | – | ₹4,261 Cr |
| Bandhan Crisil IBX Gilt April 2028 Index FundHarshal Joshi | Jul 2021 | +5.87%a year | – | – | ₹3,369 Cr |
| Bandhan Multi Cap FundHarshal Joshi | Dec 2021 | +11.48%a year | +11.45% | +0.03 pts | ₹2,938 Cr |
| Bandhan Aggressive Hybrid FundHarshal Joshi | Jul 2021 | +10.84%a year | – | – | ₹2,661 Cr |
| Bandhan Midcap FundHarshal Joshi | Aug 2022 | +15.65%a year | – | – | ₹2,521 Cr |
Up to ten funds a manager, largest first. Returns are the regular plan's.
Portfolio overlap
Funds holding the most of the same securities, by weight.
Closest funds in the category
| Portfolio overlap. The share of the two funds' portfolios that is the same: for every holding they share, the smaller of its two weights, added up. | Shared holdings. The number of securities both funds hold, cash and futures left out. | |
|---|---|---|
| Invesco India Arbitrage FundInvesco Mutual Fund | 56.04% | 153 |
| SBI Arbitrage FundSBI Mutual Fund | 54.53% | 150 |
| Tata Arbitrage FundTata Mutual Fund | 52.66% | 133 |
| Axis Arbitrage FundAxis Mutual Fund | 52.22% | 140 |
| Nippon India Arbitrage FundNippon India Mutual Fund | 52.07% | 138 |
| DSP Arbitrage FundDSP Mutual Fund | 51.83% | 141 |
| ICICI Prudential Arbitrage FundICICI Prudential Mutual Fund | 51.81% | 150 |
| Edelweiss Arbitrage FundEdelweiss Mutual Fund | 50.35% | 142 |
| UTI Arbitrage FundUTI Mutual Fund | 49.00% | 133 |
| Aditya Birla Sun Life Arbitrage FundAditya Birla Sun Life Mutual Fund | 48.65% | 154 |
Portfolios for Sep 2026. Overlap is per cent of the portfolio the two funds hold in common.
Overlap with the fund house's other funds
| Portfolio overlap. The share of the two funds' portfolios that is the same: for every holding they share, the smaller of its two weights, added up. | |
|---|---|
| Bandhan Equity Savings FundBandhan Mutual Fund | 33.49% |
| Bandhan Balanced Advantage FundBandhan Mutual Fund | 31.58% |
| Bandhan Aggressive Hybrid FundBandhan Mutual Fund | 31.10% |
| Bandhan Multi Asset Allocation FundBandhan Mutual Fund | 30.11% |
| Bandhan Conservative Hybrid FundBandhan Mutual Fund | 2.97% |
As the fund house states it, for Sep 2026.
Bandhan Arbitrage Fund dividend history
IDCW (income distribution cum capital withdrawal), once called a dividend: rupees per unit, paid to holders on the record date and taken out of the NAV.Every fund's payouts
Paid per unit, the latest payouts
- Paid per unitIDCW payout. Rupees paid out per unit to holders on the record date; the money comes out of the fund, so the plan's NAV falls by the same amount.
Largest ₹3.354 a unit, Jan 2025.
Every payout
| IDCW payout. Rupees paid out per unit to holders on the record date; the money comes out of the fund, so the plan's NAV falls by the same amount. | IDCW yield. A payout as a share of the plan's NAV on the record date, before the NAV fell by the amount paid. | NAV before | NAV after | |
|---|---|---|---|---|
| 29 Sep 2026 | ₹0.0535 | 0.50% | ₹10.7018 | ₹10.6783 |
| 28 Aug 2026 | ₹0.0536 | 0.50% | ₹10.7392 | ₹10.6911 |
| 30 Jul 2026 | ₹0.0536 | 0.50% | ₹10.7496 | ₹10.6971 |
| 29 Apr 2026 | ₹0.0532 | 0.50% | ₹10.6538 | ₹10.5947 |
| 26 Feb 2026 | ₹0.020967 | 0.20% | ₹10.5742 | ₹10.5576 |
| 29 Sep 2025 | ₹0.0518 | 0.50% | ₹10.3724 | ₹10.3217 |
| 24 Mar 2025 | ₹0.0258 | 0.26% | ₹10.0936 | ₹10.0690 |
| 27 Feb 2025 | ₹0.0355 | 0.35% | ₹10.0857 | ₹10.0502 |
| 30 Jan 2025 | ₹3.354 | 25.06% | ₹13.3856 | ₹10.0420 |
| 30 Dec 2024 | ₹0.0667 | 0.50% | ₹13.3620 | ₹13.3067 |
| 28 Nov 2024 | ₹0.0667 | 0.50% | ₹13.3563 | ₹13.2929 |
| 30 Oct 2024 | ₹0.0666 | 0.50% | ₹13.3582 | ₹13.2935 |
All 84 payouts since 26 Apr 2018.
Changes to the fund
Newest first.
2026
- 1 AprExpenseExpense ratio stated under the new rules: a base ratio, with brokerage, levies and GST on top
Fund details
Objective
The investment objective of the scheme is to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and 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.
Asset allocation
- Equities & Equity related instruments - 65%-90%, Derivatives - 65%-90%, Debt & Money Market instruments including the margin money deployed in derivative transactions -10%-35%
Type of scheme
An open ended scheme investing in arbitrage opportunities
- BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back.
- Nifty 50 Arbitrage Index
- Risk level at launchRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month.
- Low to Moderate
- New fund offer
- 14 Nov 2006 to 30 Nov 2006
- Units first allotted
- 21 Dec 2006
- Open for sale again
- 22 Dec 2006
- Price at the offer
- ₹10 a unit
- Minimum at the offer
- ₹100
Plans and codes
| Plan | AMFI code | ISIN | ISIN, reinvestment | MUTF_IN | First NAV |
|---|---|---|---|---|---|
| Direct Growth | 118474 | INF194K01Y60 | BAND_ARBI_DIR_1WAA0JY | 17 Jan 2013 | |
| Regular Growth | 108845 | INF194K01649 | BAND_ARBI_REG_1E78L8O | 2 Jun 2008 | |
| Direct IDCW | 118475 | INF194K01Y78 | INF194K01Y86 | BAND_ARBI_DIR_MOKHMD | 14 Jan 2013 |
| Regular IDCW | 108847 | INF194K01656 | INF194K01664 | BAND_ARBI_REG_1XGPX6C | 2 Jun 2008 |
This fund
- Scheme information documentThe fund's objective, terms, costs and risks in full
Factsheet
- October 2026Bandhan Mutual Fund, Sep 2026
Statement of additional information
- SAI Bandhan Mutual FundBandhan Mutual Fund, Oct 2026
Annual report
- Abridged Annual Report - Set 1 - Debt SchemesBandhan Mutual Fund, Mar 2026
- Abridged Annual Report - Set 2 - Equity SchemesBandhan Mutual Fund, Mar 2026
- Abridged Annual Report - Set 3 - Fixed Term PlansBandhan Mutual Fund, Mar 2026
- Abridged Annual Report - Set 4 - Fund of Funds SchemesBandhan Mutual Fund, Mar 2026
Riskometer disclosure
- Annual changes in Risk-o-meterBandhan Mutual Fund, Mar 2026
Portfolio overlap disclosure
- Portfolio Overlap - 30-Sep-2026Bandhan Mutual Fund, Sep 2026