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MF Analyser

BANDHAN Arbitrage Fund

Regular Plan · Growth · Arbitrage · Scheme code 108845

NAV₹35.0052as on 11 Nov 2026
Fund houseBandhan Mutual Fund
CategoryArbitrage
Plan & optionRegular · Growth
History18.4 years

Returns (%)

 1M3M6M1Y3Y5Y7Y10YLaunch
This scheme 0.511.393.00 5.906.536.08 5.405.616.32
Arbitrage
category median		 ——— 6.136.546.08 —5.74—

Over a year annualised (CAGR), under a year absolute. Computed from AMFI's published NAV history for this scheme.

Risk

 VolatilitySharpeSortinoBetaAlphaMax fallR²
This scheme 0.5% 0.06 0.09 — — -0.8% —

Risk-free rate 6.5%. Beta, alpha and R² are regressed on the — months this scheme and its benchmark share.

Growth of ₹100 since launch

83164245326201020122014201620182020202220242026MF Analyser

Every one-year period it has lived through

WindowsWorstMedianBestPeriods that lost money
4,307 2.7% 6.3% 9.8% 0%

Every one-year holding period in this scheme's history, not just the last one — the spread a real investor would have met depending only on when they started.

MF Analyser

BANDHAN Arbitrage Fund

Regular Plan · Growth

Allocation

By asset

Equity70.17%
Mutual Fund Units27.40%
Debt1.39%
Cash & Equivalents1.04%

By market cap

Large Cap51.11%
Mid Cap15.59%
Small Cap3.47%
Unclassified28.79%

Concentration

Number of stocks169
Top 5 stocks37.09%
Top 10 stocks48.95%
Top 20 stocks59.99%
Lines in the filing172
Largest holding13.52%
Largest sectorUnclassified 27.40%
Effective stocks25.1
Sectors held46
Cash0.00%

Effective stocks is what the concentration works out to: a fund holding 169 names but most of its money in a few behaves like a fund of 25. Cash includes repo and TREPS, which every fund parks money in overnight.

Sector split

Unclassified — 27.4%Banks — 21.1%Petroleum Products — 5.3%Finance — 4.5%Telecom - Services — 4.4%Ferrous Metals — 3.7%Pharmaceuticals & Biotechnology — 3.5%Other — 30.2%Unclassified27.4%Banks21.1%Petroleum Products5.3%Finance4.5%Telecom - Services4.4%Ferrous Metals3.7%Pharmaceuticals & Biotech…3.5%Other30.2%
Unclassified27.40%
Banks21.09%
Petroleum Products5.26%
Finance4.51%
Telecom - Services4.35%
Ferrous Metals3.67%
Pharmaceuticals & Biotechnology3.49%
Power2.57%
Insurance2.05%
Industrial Products1.97%
Capital Markets1.91%
IT - Software1.90%
Electrical Equipment1.67%
Metals & Minerals Trading1.26%
Consumer Durables1.10%
Cash & Equivalents1.04%
Auto Components1.00%
Consumable Fuels0.99%
Agricultural Food & other Products0.98%
Automobiles0.89%
MF Analyser

BANDHAN Arbitrage Fund

Regular Plan · Growth · holdings as on 30 Sep 2026

Top 30 holdings

#CompanySectorShares held Value
₹ cr		% of fund
1 Bandhan Money Market Fund -Direct Plan-Growth Unclassified 221,060,752 1,047 13.52%
2 Bandhan Ultra Short to Short Term Fund-DR GR Unclassified 162,639,014 693 8.95%
3 HDFC Bank Limited Banks 5,708,300 405 5.22%
4 Bandhan Ultra Short Term Fund - DR Plan GR Unclassified 228,813,997 381 4.93%
5 Reliance Industries Limited Petroleum Products 2,917,500 346 4.47%
6 ICICI Bank Limited Banks 2,522,800 333 4.31%
7 Vodafone Idea Limited Telecom - Services 139,948,050 181 2.34%
8 Axis Bank Limited Banks 1,241,875 152 1.97%
9 State Bank of India Banks 1,451,250 139 1.80%
10 Bharti Airtel Limited Telecom - Services 635,550 112 1.44%
11 Triparty Repo TRP_011026 Unclassified — 106 1.37%
12 Kotak Mahindra Bank Limited Banks 2,530,000 106 1.36%
13 Adani Enterprises Limited Metals & Minerals Trading 336,192 98 1.26%
14 Canara Bank Banks 7,917,750 95 1.22%
15 Jio Financial Services Limited Finance 4,248,800 92 1.19%
16 JSW Steel Limited Ferrous Metals 675,000 85 1.09%
17 Life Insurance Corporation Of India Insurance 2,095,800 83 1.07%
18 Tata Steel Limited Ferrous Metals 4,215,750 78 1.00%
19 Coal India Limited Consumable Fuels 1,802,250 77 0.99%
20 Steel Authority of India Limited Ferrous Metals 4,093,700 74 0.96%
21 Punjab National Bank Banks 6,160,000 70 0.90%
22 Glenmark Pharmaceuticals Limited Pharmaceuticals & Biotechnology 292,875 68 0.88%
23 APL Apollo Tubes Limited Industrial Products 289,800 63 0.82%
24 Adani Power Limited Power 3,056,550 62 0.81%
25 The Indian Hotels Company Limited Leisure Services 808,000 59 0.76%
26 Bharat Heavy Electricals Limited Electrical Equipment 1,386,000 58 0.74%
27 Varun Beverages Limited Beverages 1,291,575 56 0.72%
28 Cummins India Limited Industrial Products 117,400 56 0.72%
29 Larsen & Toubro Limited Construction 149,275 56 0.72%
30 IDFC First Bank Limited Banks 6,538,875 53 0.69%
MF Analyser

BANDHAN Arbitrage Fund

Regular Plan · Growth · where the money sits

What the manager did last month

Between the filings of 31 Aug 2026 and 30 Sep 2026. A position grows because the manager bought or because the price rose; only the share count separates them.

BoughtSoldNew positionsSold out ofPrice move of holdings
₹912 cr ₹668 cr 23 20 -3.82%
StockShares tradedShares PriceValue
₹ cr
New position
Swiggy Limited 1,206,325 entered — 30.2
IndusInd Bank Limited 333,900 entered — 30.1
Astral Limited 147,900 entered — 20.3
Laurus Labs Limited 51,000 entered — 10.1
KEI Industries Limited 20,650 entered — 9.2
InterGlobe Aviation Limited 14,400 entered — 7.2
Eternal Limited 172,175 entered — 5.5
SBI Cards and Payment Services Limited 73,600 entered — 4.3
Added to
Reliance Industries Limited 1,626,500 +126.0% -7.1% 193
ICICI Bank Limited 1,291,500 +104.9% -9.1% 171
Bandhan Ultra Short Term Fund - DR Plan GR 60,035,783 +35.6% +0.5% 100
Multi Commodity Exchange of India Limited 106,875 +289.6% -2.9% 35.3
HDFC Bank Limited 476,450 +9.1% 0.0% 33.8
Bajaj Finance Limited 313,500 +143.6% -9.2% 30.1
Coforge Limited 132,050 +1,208.7% -11.9% 23.1
Power Finance Corporation Limited 689,000 +151.4% -3.2% 22.4
Trimmed
Larsen & Toubro Limited 148,575 -49.9% -7.0% 55.9
Max Financial Services Limited 259,600 -58.8% -12.7% 35.7
Kotak Mahindra Bank Limited 658,000 -20.6% -0.6% 27.4
Kalyan Jewellers India Limited 494,100 -88.0% -8.0% 27.3
Vodafone Idea Limited 20,155,950 -12.6% -9.6% 26.1
Axis Bank Limited 204,375 -14.1% -5.7% 25.1
Hitachi Energy India Limited 7,625 -62.9% -9.3% 23.4
Grasim Industries Limited 75,250 -88.0% -9.2% 23.0
Sold out of
Adani Ports and Special Economic Zone Limited 497,325 exited — 79.2
DLF Limited 624,150 exited — 43.1
ICICI Lombard General Insurance Company Limited 126,425 exited — 19.8
Apollo Hospitals Enterprise Limited 19,750 exited — 17.6
Cochin Shipyard Limited 83,200 exited — 12.6
Mazagon Dock Shipbuilders Limited 47,025 exited — 11.7
SBI Life Insurance Company Limited 25,500 exited — 4.4
Mankind Pharma Limited 17,500 exited — 4.2
Not equityPrevious filingThis filingChange
Cash, repo and TREPS ₹0 cr ₹0 cr +₹0 cr
Debt: bills, CDs and commercial paper ₹10 cr ₹108 cr +₹98 cr

The list above is stocks and fund units. Treasury bills, repo and money-market lines roll over every month by design — they are not decisions, so they are totalled here rather than listed as activity.

A ₹10,000 monthly SIP over five years

InvestedValueGainXIRR
₹600,000 ₹704,826 ₹104,826 6.38%

XIRR, not CAGR — a SIP's money arrives over sixty months, so each instalment has been invested for a different length of time.

Not investment advice. MF Analyser is not a SEBI-registered Investment Adviser or Research Analyst. Every figure is computed from AMFI's published NAV history and the portfolio the AMC filed with AMFI; none of it is a recommendation to buy, hold or sell. Past returns do not predict future ones. Generated 12 Nov 2026.