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 | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹37.0242 | +0.29% | — | — | — |
| Regular Growth | ₹33.9950 | +0.24% | +5.59% | +6.72% | +5.84% |
Portfolio Metrics(latest month)
vs Category Peers
Active Stock PickerActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
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.
Frequently Asked Questions
How many stocks does Bandhan Arbitrage Fund hold?
Bandhan Arbitrage Fund holds 160 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 35.34% of NAV.
What is the largest holding in Bandhan Arbitrage Fund?
The largest position in Bandhan Arbitrage Fund is Bandhan Money Market Fund -Direct Plan-Growth, accounting for 13.20% of NAV.
Is Bandhan Arbitrage Fund a concentrated or diversified fund?
With a Gini coefficient of 0.706, Bandhan Arbitrage Fund is highly concentrated. The HHI concentration index is 37,729 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 35.34% of the portfolio.
What is the market cap allocation of Bandhan Arbitrage Fund?
Based on SEBI's AMFI classification, Bandhan Arbitrage Fund's equity portfolio is split as: Large Cap: 39.07%, Mid Cap: 17.58%, Small Cap: 7.69%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Bandhan Arbitrage Fund invest in most?
Bandhan Arbitrage Fund has the highest allocation to Banks (18.02%), Finance (8.50%), Telecom - Services (5.66%). The fund is invested across 42 sectors in total.
How actively managed is Bandhan Arbitrage Fund compared to other Arbitrage Fund funds?
Bandhan Arbitrage Fund has an Active Share of 52.44%, classifying it as "Active Stock Picker" among 34 Arbitrage Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in Bandhan Arbitrage Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Bandhan Arbitrage Fund added 26 new stocks (including Adani Power Limited) and exited 17 stocks (including HDFC Asset Management Company Limited). Total holding count increased from 153 to 162 stocks.