Bandhan Arbitrage Fund
Bandhan Arbitrage Fund remains positioned for merger and acquisition opportunities through heavy equity exposure, with nearly 28% in internal money market and short-duration funds providing liquidity buffers. The portfolio shows meaningful conviction shifts, adding cyclical names like Adani Power and TVS Motor while trimming defensive positions, suggesting the manager expects renewed M&A activity and economic momentum. The 0.4% monthly return reflects typical arbitrage economics, though the concentrated top-10 weighting at 46% warrants monitoring for liquidity risks.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹37.0146 | +0.35% | — | — | — | — | — |
| Regular Growth | ₹33.9868 | +0.29% | +1.21% | +2.72% | +5.57% | +6.75% | +5.84% |
Portfolio Metrics(latest month)
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Adani Power Limited | 0.53% |
| Cummins India Limited | 0.05% |
| Mankind Pharma Limited | 0.04% |
| Dixon Technologies (India) Limited | 0.04% |
| TVS Motor Company Limited | 0.03% |
| Power Finance Corporation Limited | 0.03% |
| ABB India Limited | 0.03% |
| Marico Limited | 0.02% |
| Samvardhana Motherson International Limited | 0.02% |
| Supreme Industries Limited | 0.02% |
| Avenue Supermarts Limited | 0.02% |
| Union Bank of India | 0.02% |
| Alkem Laboratories Limited | 0.02% |
| Muthoot Finance Limited | 0.02% |
| Info Edge (India) Limited | 0.02% |
| Pidilite Industries Limited | 0.02% |
| Infosys Limited | 0.01% |
| 360 One WAM Limited | 0.01% |
| Jindal Steel Limited | 0.01% |
| Vishal Mega Mart Limited | 0.01% |
| Small Industries Dev Bank of India ** | 0.60% |
| Small Industries Dev Bank of India ** | 0.31% |
| Small Industries Dev Bank of India ** | 0.30% |
| Small Industries Dev Bank of India ** | 0.30% |
| HDFC Bank Limited ** | 0.12% |
| Triparty Repo TRP_040526 | 0.98% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Bandhan Money Market Fund -Direct Plan-Growth INF194K01M80 | 13.20% |
| 2 | Bandhan Ultra Short Duration Fund - DR Plan GR INF194KA16R3 | 7.24% |
| 3 | Bandhan Low Duration Fund -Direct Pl-Growth INF194K01J77 | 6.96% |
| 4 | HDFC Bank Limited INE040A01034 | 4.56% |
| 5 | Vodafone Idea Limited INE669E01016 | 3.38% |
| 6 | ICICI Bank Limited INE090A01021 | 2.70% |
| 7 | Kotak Mahindra Bank Limited INE237A01036 | 2.49% |
| 8 | Multi Commodity Exchange of India Limited INE745G01043 | 2.02% |
| 9 | Bharti Airtel Limited INE397D01024 | 1.89% |
| 10 | Reliance Industries Limited INE002A01018 | 1.89% |
| 11 | Jio Financial Services Limited INE758E01017 | 1.85% |
| 12 | JSW Steel Limited INE019A01038 | 1.84% |
| 13 | Punjab National Bank INE160A01022 | 1.74% |
| 14 | Tata Steel Limited INE081A01020 | 1.71% |
| 15 | Manappuram Finance Limited INE522D01027 | 1.57% |
| 16 | State Bank of India INE062A01020 | 1.51% |
| 17 | Glenmark Pharmaceuticals Limited INE935A01035 | 1.43% |
| 18 | Shriram Finance Limited INE721A01047 | 1.31% |
| 19 | Bharat Heavy Electricals Limited INE257A01026 | 1.25% |
| 20 | Adani Enterprises Limited INE423A01024 | 1.24% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.