Latest NAV
₹10.1630
Apr 30, 2026
1M Return
+3.42%
3M Return
—
Since Inception
+3.43%
TER
2.10%
Regular plan
Min Invest
₹10L
₹1L accredited
Live NAV data · Source: AMFI NAV API
Trailing returns
1M
+3.42%
3M
—
Since Inception
+3.43%
Mar 2026
+0.00%
Apr 2026
—
Strategy re-opened for continuous subscription on 30 March 2026. Since-inception figures reflect absolute change in NAV from the ₹10 allotment price.
🛡️ ALPHA SHIELD ANALYSIS
March 2026 Market Crash
Arudha Equity launched after March 2026. Alpha Shield Score will be calculated during the next major market movement.
Investment objective
The investment strategy seeks to generate long-term capital appreciation by investing in a diversified portfolio of equity and equity-related instruments, including limited short exposure through derivatives. Benchmarked to the Nifty 500 Total Return Index. All equity investments are restricted to listed or to-be-listed securities. There is no assurance that the investment objective will be realised.
Strategy & allocation
Arudha Equity Long-Short is Bandhan's equity-oriented SIF strategy: an open-ended vehicle running 80–100% long equity augmented by a derivative overlay offering up to 25% unhedged short exposure and up to 50% unhedged long exposure — all sized within a hard 100% gross-exposure cap. The fund captures upside across market caps while using options and futures to hedge downside and monetise volatility.
No leverage. No commodity derivatives. No unrated debt. Cash equivalents (G-Secs, T-Bills, Repo on G-Secs) with residual maturity <91 days are excluded from exposure calculations per Clause 12.25.3 of the SEBI Master Circular.
Strategy pillars
Core — Long Equity
80–100% in listed equity and equity-related instruments, diversified across market caps for long-term capital appreciation
Enhancer — Unhedged Short (Derivatives)
Up to 25% unhedged short exposure in equity and debt via exchange-traded derivatives — for alpha and downside hedging
Enhancer — Unhedged Long Derivatives
Up to 50% unhedged long exposure through derivatives for tactical positioning, all within 100% gross cap
Diversifier — InvITs
Up to 20% InvITs for yield diversification and non-correlated income stream
Diversifier — Overseas
Up to 20% in ADR/GDR, foreign equity and overseas ETFs (subject to RBI/SEBI limits and SIF headroom)
Risk — Structural
Gross exposure hard-capped at 100% NAV. No leverage. No commodity derivatives. No unrated debt. 30-day rebalancing on passive breach.
Investor suitability
Suitable for
- ✓ Long-term capital appreciation seekers (5+ year horizon)
- ✓ Investors with ≥₹10L surplus seeking active equity strategy
- ✓ Aggressive risk appetite (Risk Band 5)
- ✓ Belief in hedged-equity / derivative overlay for alpha
Not suitable for
- ✗ Guaranteed-return or capital-protection seekers
- ✗ Short-term traders / leverage seekers
- ✗ Below ₹10L investable surplus (non-accredited)
- ✗ Investors uncomfortable with equity drawdowns
Fund management team
Nilesh Saha
Fund Manager — Equity / Long-Short
Brijesh Shah
VP — Fixed Income & Overseas