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Arbitrage · Hybrid

Bandhan Arbitrage Fund

Bandhan AMC Limited
Benchmark
Nifty 50 Arbitrage Index
Riskometer
Low
Size
₹7,714 cr
Allotted
21 Dec 2006
Holdings as of
30 Sep 2026

Bandhan Arbitrage Fund is a arbitrage fund of Bandhan AMC Limited with ₹7,714 cr under management. It is ahead of its benchmark (Nifty 50 Arbitrage Index) in 2 of 4 periods. Its direct plan charges 1.63% a year.

Has Bandhan Arbitrage Fund beaten its benchmark?

Ahead of its benchmark, Nifty 50 Arbitrage Index, in 2 of 4 periods in AMFI's figures; +6.36% over the last year against +7.01%.

Period returns

Direct Plan, growth · 3y and longer a year
PeriodFundNifty 500 TRIAhead
1 month+38.83% −3.60% —
3 months+38.81% −5.03% —
6 months+39.58% −1.83% —
1 year+40.70% −4.06% +44.76 pts
3 years+14.80% +9.27% +5.53 pts
5 years+11.27% +8.00% +3.27 pts
10 years— +12.69% —
Since start
from 2 Jun 2008
+7.99%——
Valarth price history to 17 Feb 2017 · the index is the one the fund is nearest; — not on record

Official figures

AMFI performance feed, 13 Oct 2026
Ahead of its benchmark (Nifty 50 Arbitrage Index) in 2 of 4 periods.
PeriodDirectRegularBenchmarkAheadRank
1y +6.36%+5.59%+7.01% −0.65 🔒
3y +7.22%+6.45%+7.30% −0.08 🔒
5y +6.75%+6.00%+6.68% +0.07 🔒
10y +6.31%+5.58%+5.57% +0.74 🔒
Ahead in points a year · its rank among Arbitrage funds, and how steady the lead is, in the app

Value of 100, month-end

Jun 2008 to 17 Feb 2017
50100150200250300 20092011201320152017
Fund 196Nifty 500 TRI 266

₹100 put in at the start of Jun 2008 would be ₹196 on 17 Feb 2017, against ₹266 in the Nifty 500 TRI.

Risk, falls and every year

🔒 Pro
Its worst fall and how long it took to recover, three-year stretches, Sharpe, beta and capture ratios, calendar years beside the index, and money in and out: in the app.
See them in the app →

What does Bandhan Arbitrage Fund cost?

1.63% a year on the direct plan, 2.35% on the regular plan; 29 of 40 funds in its category charge less.

Direct plan
1.63% a year
Category median 1.44%
Regular plan
2.35% a year
Category median 2.07%
Gap
0.72 points
for the same holdings
29 of 40 funds in its category charge less on the direct plan.
Expense report, Oct 2026 · Hybrid Scheme - Arbitrage Fund

What the regular plan costs you over time

🔒 Pro
The same money left for years in the direct and the regular plan, side by side, and what the commission takes: in the app.

Who manages Bandhan Arbitrage Fund?

Kapil Kankonkar, since None; Harshal Joshi, since None; Ritika Behera, since None.

Kapil Kankonkar
None years
since None
Harshal Joshi
None years
since None
Ritika Behera
None years
since None
And 2 more; every manager, the other funds each runs and the changes over time are in the app.
Benchmark as filedNifty 50 Arbitrage Index
Exit load
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
From 6 Scheme Summary Documents filed with NSE, first on 7 May 2026; as on 7 Oct 2026

What does Bandhan Arbitrage Fund hold?

357 holdings as of 30 Sep 2026; the ten largest are 49.0% of the fund, the largest HDFC Bank Limited at 5.2%.

Mix

Holdings as of 30 Sep 2026
Equity70.2%Debt1.4%Cash1.0%Other-43.1%
Holdings
357
155 shares
Top ten
49.0%
of the fund
Effective holdings
44.5
spread, as if equal-weighted
Matched to our table
100%
of the equity

Five largest

% of fund
HDFC Bank Limited5.22%
Reliance Industries Limited4.47%
ICICI Bank Limited4.31%
Vodafone Idea Limited2.34%
Axis Bank Limited1.97%

Five largest industries

% of fund
Banks30.1%
Petroleum Products7.50%
Finance6.40%
Telecom - Services6.20%
Ferrous Metals5.20%

By company size

% of equity · SEBI size lists
Large Cap72.8%Mid Cap22.2%Small Cap4.9%

How does Bandhan Arbitrage Fund score against its category?

Seven scores against funds of its kind, and the warning signs it trips.

Scorecard

🔒 Pro
Seven scores, each out of 5, against funds in its category, with the reasons, and the warning signs it trips: in the app.
Open scorecard in the app →

Are the companies inside any good?

The holdings by valuation, forensic risk, business quality and balance sheet, weighted by their share of the fund.

The companies inside

🔒 Pro
The holdings weighted by their share of the fund: P/E and ROE, forensic risk levels, Valarth's valuation view, quality, moats, balance sheets and who owns them: in the app.

How is Bandhan Arbitrage Fund run?

Turnover, what it bought and sold, its cash and its record in new listings, from its monthly holdings files.

How it is run

🔒 Pro
Turnover, what it bought and sold and when, how long it holds, size drift, cash and its record in new listings, from up to two years of monthly holdings files: in the app.

Which funds hold much the same?

The index it is nearest and the funds whose holdings overlap most.

Moves with its indexnot an index tracker
Nearest to the Nifty 500: 48% of it differs from the index (an active fund is usually above 60%).
Active share 47.6%60%

Funds that hold much the same

% of holdings in common
Invesco India Arbitrage Fund75.8% the same
153 shared holdings
Nippon India Arbitrage Fund75.4% the same
138 shared holdings
Axis Arbitrage Fund74.7% the same
131 shared holdings

How much is in its sponsor's own group?

Holdings in companies of the fund house's sponsor group, beside the index.

Related-party exposure

🔒 Pro
How much of the fund is in companies of its sponsor's own group, beside what the index holds of them: in the app.

Questions people ask

Who manages Bandhan Arbitrage Fund?

Kapil Kankonkar (manager) since None; Harshal Joshi (manager) since None; Ritika Behera (manager) since None; Gaurav Satra (manager) since None; Brijesh Shah (manager) since None.

What is the expense ratio of Bandhan Arbitrage Fund?

1.63% a year on the direct plan and 2.35% on the regular plan (expense report, Oct 2026).

How has Bandhan Arbitrage Fund done?

Its direct plan returned +7.22% a year over 3 years against +7.30% for its benchmark, Nifty 50 Arbitrage Index, as of 13 Oct 2026.

Inside the app

See Bandhan Arbitrage Fund beside your own funds in Valarth

Start freeStart free
A Valarth stock page: the share price with its chart and 52-week range, valuation and profitability figures, and a scorecard of health checks.
Stock pagePrice, valuation, profitability and a scorecard of health checks for every company, each figure explained.
The Valarth stock screener: a table of companies with price, market cap, P/E, P/B, PEG, EPS and ROE, and filters down the left.
ScreenerEvery listed company, filtered on 212 figures, each with a plain-language lesson beside it.
The Valarth AI Screener answering 'Which companies will benefit from India's Project 75 submarine programme?' with a basket of four naval shipbuilders and a written thesis.
AI ScreenerAsk a question in plain English, like which companies benefit from India's Project 75. It reads the intent, builds the screen and writes the thesis.
A Valarth business-model card for State Bank of India, with a plain-language summary and statements verified against the filing.
Business modelHow a company makes money and what can hurt it, each statement checked against its annual report.
Valarth's Before the Bell edition, with the day's headline, regulator notes and sector moves.
Before the BellA morning edition before the market opens: what moved, which rule changed, and what it means for your holdings.

Bandhan Arbitrage Fund in the app: beside your own funds, with what you own through them

See the full analysis in the app →See pricing
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