Arudha SIF by Bandhan
Arudha Hybrid Long-Short Fund
A sophisticated hybrid long-short interval fund with balanced equity-debt allocation, extensive derivative strategies, and up to 25% short exposure for market-neutral returns.
by Bandhan AMC Limited
₹10L
Min Investment
Level 2
Risk Band
2x/Week
Redemption
2.00%
Max TER
NFO Information
NFO Open Date
January 09, 2026
NFO Close Date
January 22, 2026
NFO Price
₹10 per unit
Re-opening Date
February 04, 2026
Hybrid Long-Short Strategy
Equity Exposure
Long positions in equity and equity-related instruments for capital appreciation.
Debt & Money Market
Fixed income instruments for stability, accrual income, and portfolio balance.
Short Exposure
Naked short exposure through derivatives for downside protection and alpha generation.
Asset Allocation Matrix
| Asset Class | Min % | Max % |
|---|---|---|
| Debt & Money Market | 35% | 65% |
| Equity & Equity Related | 35% | 65% |
| InvITs | 0% | 20% |
| Short Exposure (Derivatives) | 0% | 25% |
| Overseas Securities | 0% | 50% |
Note: No investment in unrated debt or commodity derivatives. Up to $25M in overseas securities and $25M in overseas ETFs.
Extensive Derivative Toolkit (23+ Strategies)
Income Generation
- • Covered Calls
- • Cash-Secured Puts
- • Premium Capture
Protection Strategies
- • Protective Puts
- • Collars
- • Hedging Positions
Directional Strategies
- • Bull/Bear Spreads
- • Long Calls/Puts
- • Synthetic Positions
Volatility Strategies
- • Straddles & Strangles
- • Butterflies
- • Iron Condors
Hedging & Pairs
- • Pair Trades
- • Market Neutral
- • Synthetic Positions
Fixed Income Derivatives
- • Interest Rate Swaps
- • Forward Rate Agreements
- • Credit Default Swaps
Performance Across Market Scenarios
Bull Market
Nifty +15%
Participates in upside with balanced equity exposure
Bear Market
Nifty -15%
Short positions + debt allocation significantly reduce drawdown
Sideways Market
Nifty ±5%
Market-neutral strategies generate returns in flat markets
Who Should Invest?
Well-Suited For
- Investors seeking market-neutral returns
- Those with ₹10 lakh+ investable surplus
- Investors comfortable with limited liquidity
- Those seeking downside participation through shorts
- Minimum 3-5 year investment horizon
NOT Suitable For
- Retail investors with <₹10 lakh corpus
- Those needing regular/daily liquidity
- Investors uncomfortable with derivative complexity
- Those seeking pure equity or debt exposure
- Short-term investors (<3 years)
Investment Requirements
During NFO
- Minimum Investment₹10,00,000
- Accredited Investors₹1,00,000
Post-NFO (Continuous)
- Additional Purchase₹10,000
- SIP/SWP/STP₹10,000 (min 6 installments)
₹10 Lakh Threshold Requirement
Aggregate across all Arudha SIF strategies at PAN level (does NOT include Bandhan MF schemes). Active breach leads to 30-day notice, then automatic redemption if not rebalanced.
Redemption & Liquidity
Subscription
Daily
On business days
Redemption Days
Mon & Thu
Twice weekly
Notice Period
Up to 15 days
Working days
Payout
T+3 Days
15% p.a. interest for delays
Redemption Windows
Thursday 3 PM to Monday 3 PM
→ Monday NAV applied
Monday 3 PM to Thursday 3 PM
→ Thursday NAV applied
Fee & Load Structure
NIL
Entry Load
NIL
Exit Load
2.00%
Max TER
Brokerage: Cash Market up to 0.12% | Derivatives up to 0.05% (plus GST)
Fund Management Team
Kapil Kankonkar
Fund Manager
Brijesh Shah
Fund Manager
Debraj Lahiri
Fund Manager
Nilesh Saha
Fund Manager
Four-person collaborative management team for comprehensive strategy execution.
Benchmark Index
CRISIL Hybrid 85+15 Conservative Index
A conservative hybrid benchmark with 85% debt and 15% equity allocation.
Fund has lower risk classification than its benchmark.
Key Risk Factors
Liquidity Comparison
| Parameter | Arudha Hybrid L-S | Open-Ended Hybrid |
|---|---|---|
| Subscription | Daily | Daily |
| Redemption | 2x weekly | Daily |
| Notice Period | Up to 15 days | None |
| Payout | T+3 | T+3 |
| Total Exit Time | Up to 18 days | 3 days |