Bandhan Mutual Fund, established on March 13, 2000, is one of India's largest mutual fund houses, with a prominent presence in the domestic market. As of March 2024, it manages assets worth Rs. 137,193.31 crores, making it one of the leading players in the sector. In April 2022, Bandhan, along with a consortium comprising Bandhan Financial Holdings Limited (60%), Singapore's sovereign fund GIC (20%), and ChrysCapital (20%), acquired IDFC Asset Management Company (IDFC AMC). This acquisition led to the rebranding of IDFC Mutual Fund as Bandhan Mutual Fund in March 2023. Despite being a relatively new player post-acquisition, Bandhan Mutual Fund has quickly gained attention, offering a wide range of investment products across debt, equity, hybrid, and other schemes. As of September 30, 2024, the fund house manages assets worth Rs. 1,59,547.93 crores, with a market share of around 2.38% of the industry’s AUM as of June 30, 2024. The fund house offers 64 primary schemes, including 25 debt schemes, 28 equity schemes, 10 hybrid schemes, and 1 other. Among its largest schemes, the Bandhan Arbitrage Fund, Bandhan Balanced Advantage Fund, and Bandhan Multi Asset Allocation Fund stand out in terms of assets under management.

Bandhan Mutual Fund is backed by a team of experienced fund managers, including Mr. Manish Gunwani, Daylynn Gerard Paul Pinto, Sachin Relekar, Nemish Sheth, Sumit Agrawal, Harshal Joshi, Viraj Kulkarni, Brijesh Shah, Gautam Kaul, and Suyash Choudhary. This team helps manage the fund house's extensive portfolio, which caters to diverse investor needs across various risk appetites.

The fund house’s roots can be traced back to the creation of Bandhan Bank, India's first microfinance institution to transform into a universal bank. Originally set up as an NGO in 2001 under the name Bandhan Konnagar, it provided microfinance services to disadvantaged women in rural West Bengal. In 2009, the NGO transitioned its microfinance business to Bandhan Financial Services, which eventually launched Bandhan Bank in 2014. The bank became a major player in India’s financial sector, and in 2015, it began offering general banking services with a large branch network. This diverse financial background has likely contributed to Bandhan Mutual Fund's rapid growth and strong market positioning.

Through its strategic acquisition and rebranding, Bandhan Mutual Fund has become a key player in India's mutual fund industry, offering a broad array of schemes to meet the needs of individual and institutional investors across the country.

Key Information

Top 9 Bandhan Mutual Funds Recommended By GetMyIndia Capitals

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