Trustner offers the Regular plan as an AMFI-registered SIF distributor (ARN-286886) and earns a commission from the fund house. We explain the documents and the process; we do not recommend funds. Disclosures
Holds at least 80% in equity and equity-related instruments, with unhedged short exposure of up to 25% of net assets taken through derivatives — an all-cap approach with a derivative overlay.
Official daily NAVs from our archive of AMFI's SIF NAV feed, plotted for the plan selected. Use the buttons to change the period; the dates covered are shown under the chart. The monthly table gives each calendar month's change.
Month-on-month change computed from month-end official NAVs in our archive. The first and current months are partial: they run from the earliest, or to the latest, NAV we hold.
| Building from the NAV archive… |
Every line disclosed in the AMC's portfolio disclosure as of 31 Aug 2026, ranked by exposure, largest first. Portfolios are disclosed periodically, so these are the most recent published positions — not live weights.
This is the latest portfolio statement the AMC had published when we last checked its disclosure page on 13 Oct 2026. Bandhan's download page lists a 30 Sep 2026 statement for this fund, but the file link returned an error each time we tried on 13 Oct 2026; the 31 Aug statement is the latest we could read.
| # | Security | Sector / bucket | Side | Exposure |
|---|---|---|---|---|
| 01 | Clearing Corporation of India Ltd | — | — | 11.14% |
| 02 | ICICI Bank Ltd INE090A01021 | Banks | LONG | 5.07% |
| 03 | HDFC Bank Ltd. INE040A01034 | Banks | LONG | 4.17% |
| 04 | 182 DAYS T-BILL - 17/12/2026 IN002026Y113 | Sovereign | LONG | 3.85% |
| 05 | Mahindra and Mahindra Ltd INE101A01026 | Automobiles | LONG | 3.55% |
| 06 | Bharti Airtel Ltd. INE397D01024 | Telecom - Services | LONG | 3.02% |
| 07 | TVS Holdings Ltd. INE105A01035 | Finance | LONG | 2.93% |
| 08 | Net Receivables / (Payables) | — | — | 2.45% |
| 09 | Cipla Ltd. INE059A01026 | Pharmaceuticals & Biotechnology | LONG | 2.31% |
| 10 | Ipca Laboratories Limited INE571A01038 | Pharmaceuticals & Biotechnology | LONG | 2.16% |
| 11 | Sagility India Ltd. INE0W2G01015 | IT - Services | LONG | 2.13% |
| 12 | HDFC AMC Ltd INE127D01025 | Capital Markets | LONG | 1.95% |
| 13 | Info Edge India Ltd INE663F01032 | Retailing | LONG | 1.88% |
| 14 | EMBASSY OFFICE PARKS REIT INE041025011 | Realty | LONG | 1.87% |
| 15 | DCB Bank Ltd. INE503A01015 | Banks | LONG | 1.82% |
| 16 | Indus Towers Ltd. INE121J01017 | Telecom - Services | LONG | 1.81% |
| 17 | Mrs. Bectors Food Specialities Ltd. INE495P01020 | Food Products | LONG | 1.79% |
| 18 | Mahanagar Gas Ltd. INE002S01010 | Gas | LONG | 1.73% |
| 19 | Kotak Bank Ltd INE237A01036 | Banks | LONG | 1.72% |
| 20 | State Bank of India INE062A01020 | Banks | LONG | 1.71% |
| 21 | Dr. Lal Path Labs Ltd. INE600L01024 | Healthcare Services | LONG | 1.69% |
| 22 | ICICI Lombard GIC INE765G01017 | Insurance | LONG | 1.68% |
| 23 | Power Fin Corp Ltd INE134E01011 | Finance | LONG | 1.66% |
| 24 | Aadhar Housing Finance Ltd. INE883F01010 | Finance | LONG | 1.61% |
| 25 | CANARA ROBECO AMC LTD INE218I01013 | Capital Markets | LONG | 1.61% |
| 26 | Eureka Forbes Ltd. INE0KCE01017 | Consumer Durables | LONG | 1.59% |
| 27 | Shriram Finance Ltd. INE721A01047 | Finance | LONG | 1.58% |
| 28 | Larsen and Toubro Ltd INE018A01030 | Construction | LONG | 1.54% |
| 29 | 364 DAYS T-BILL - 10/12/2026 IN002025Z377 | Sovereign | LONG | 1.54% |
| 30 | SBI Life Ins Co Ltd INE123W01016 | Insurance | LONG | 1.51% |
| 31 | Coal India Ltd. INE522F01014 | Consumable Fuels | LONG | 1.45% |
| 32 | Jindal Stainless Ltd. INE220G01021 | Ferrous Metals | LONG | 1.45% |
| 33 | EPL Ltd. INE255A01020 | Industrial Products | LONG | 1.42% |
| 34 | NTPC Ltd. INE733E01010 | Power | LONG | 1.42% |
| 35 | PVR INOX Ltd. INE191H01014 | Entertainment | LONG | 1.40% |
| 36 | CARE Ratings Ltd. INE752H01013 | Capital Markets | LONG | 1.39% |
| 37 | S.J.S. Enterprises Ltd. INE284S01014 | Auto Components | LONG | 1.38% |
| 38 | Oracle Financial Services Software Ltd INE881D01027 | IT - Software | LONG | 1.37% |
| 39 | Brigade Enterprises Ltd. INE791I01019 | Realty | LONG | 1.28% |
| 40 | Healthcare Global Enterprises Ltd. INE075I01017 | Healthcare Services | LONG | 1.26% |
| 41 | DLF Limited INE271C01023 | Realty | LONG | 1.22% |
| 42 | Ajanta Pharmaceuticals Ltd. INE031B01049 | Pharmaceuticals & Biotechnology | LONG | 1.14% |
| 43 | MAS Financial Services Ltd. INE348L01012 | Finance | LONG | 1.03% |
| 44 | Bajaj Holdings & Investment Ltd. INE118A01012 | Finance | LONG | 1.00% |
| 45 | Gujarat Pipavav Port Ltd. INE517F01014 | Transport Infrastructure | LONG | 0.99% |
| 46 | Great Eastern Shipping Co. Ltd. INE017A01032 | Transport Services | LONG | 0.95% |
| 47 | Varun Beverages Ltd. INE200M01039 | Beverages | LONG | 0.95% |
| 48 | NMDC Ltd. INE584A01023 | Minerals & Mining | LONG | 0.93% |
| 49 | Tips Music Ltd. INE716B01029 | Entertainment | LONG | 0.89% |
| 50 | Indian Oil Corporation Ltd. 29/09/2026Derivative | — | LONG | 0.83% |
| 51 | Hindustan Petroleum Corporation Ltd. 29/09/2026Derivative | — | SHORT | -0.80% |
| 52 | 6.68% GSEC BONDS- 07/07/2040 IN0020250042 | Sovereign | LONG | 0.75% |
| 53 | CCL Products (I) Ltd. INE421D01022 | Agricultural Food & other Products | LONG | 0.68% |
| 54 | Dmart 29/09/2026Derivative | — | SHORT | -0.63% |
| 55 | Interarch Building Solutions Ltd. INE00M901018 | Construction | LONG | 0.57% |
| 56 | Ambuja Cements Ltd. 29/09/2026Derivative | — | SHORT | -0.53% |
| 57 | JSW Energy Ltd. 29/09/2026Derivative | — | SHORT | -0.40% |
| 58 | Inox Wind Ltd. 29/09/2026Derivative | — | SHORT | -0.32% |
| 59 | CALL Coal India Ltd. 29/09/2026 405Option | — | SHORT | -0.02% |
| 60 | CALL State Bank of India 29/09/2026 1080Option | — | SHORT | -0.02% |
| 61 | CALL Indus Towers Ltd. 29/09/2026 395Option | — | SHORT | -0.02% |
| 62 | CALL NMDC Ltd. 29/09/2026 88Option | — | SHORT | -0.02% |
Aggregated from the disclosed cash-equity lines.
Reading this statement. 62 lines as printed by the AMC: 47 cash equity, 10 derivative, 1 debt, 3 money-market, 1 other. Long/Short is the AMC's own flag where the statement carries one, otherwise the sign of the printed quantity or percentage. Futures and options are often printed as exposure outside the 100% net-asset total, so the lines need not add up to 100. How to read derivative positions →
Normalised from the AMC's published portfolio statement. Derivative market value, notional exposure and regulatory gross exposure can be measured on different bases, so the AMC's own statement remains controlling. Short and written positions are shown as negative exposure. Holdings are historical and change without notice — this is not a recommendation to buy or sell any security.
Arudha Equity Long-Short Fund is an open-ended equity strategy that holds 80-100% of total assets in listed equity and equity-related instruments, including up to 25% of net assets in unhedged short derivative positions, with the balance in debt, money-market instruments and InvITs.
Daily dealing, unlike its hybrid sibling. The KIM states that investors can subscribe on a daily basis, on business days only, at applicable NAV, and that redemption frequency is "Daily (only on business days) or at such frequency as may be decided by the AMC, subject to approval of SEBI." This is an open-ended strategy, not the interval structure used by Arudha Hybrid Long-Short Fund.
Equity allocation runs from 80% to 100%. The KIM asset-allocation table sets investments in equity and equity-related instruments (including unhedged short exposure) at 80% minimum to 100% maximum of total assets, debt and money-market instruments at 0% to 20%, and units issued by InvITs at 0% to 20%. All equity investments must be in securities that are listed or to be listed.
The unhedged short book is capped at a quarter of net assets. Maximum short exposure through unhedged derivative positions in equity and equity-related instruments is 25%. Cumulative gross exposure through equity, debt, money-market instruments, derivative positions, repo transactions, credit default swaps and InvITs must not exceed 100% of net assets, and the strategy will not invest in unrated debt instruments or commodity derivatives.
A short exit load applies for the first 30 days. The KIM Load Structure charges 0.50% of applicable NAV if units are redeemed or switched out on or within 30 days from the date of allotment, and nil thereafter. Switches between different Plans and Options within the same investment strategy attract no exit load.
Risk band sits below its benchmark's. The NFO KIM assigned Risk Band Level 5, matching the benchmark's Level 5. The factsheet as on 30 June 2026 shows the strategy at Risk-Level 3 while NIFTY 500 TRI remains at Risk-Level 5. Month-end AUM was Rs 91.14 crore, with a base expense ratio of 2.10% (Regular) and 0.78% (Direct).
Sources: Arudha SIF (Bandhan Mutual Fund) - KIM, Arudha Equity Long-Short Fund · Arudha SIF - ISID, Arudha Equity Long-Short Fund · Arudha SIF - Factsheet, data as on 30 June 2026 · Arudha SIF - Downloads (document index). Scheme facts are as disclosed by the AMC at the time of writing; fund managers, load structures and allocation bands can change — always read the current SID/KIM before investing.
What the fund house has changed by notice since the offer document was issued, newest first. The offer document may not show these yet; the notice governs. Each line links the notice itself.
| Before | After | |
|---|---|---|
| Risk band (portfolio as on 31 Jul 2026) | Level 3 of 5 | Level 5 of 5 |
| Before | After | |
|---|---|---|
| Risk band (portfolio as on 30 Jun 2026) | Level 5 of 5 | Level 3 of 5 |
| Before | After | |
|---|---|---|
| Fund managers | Nilesh Saha, Brijesh Shah | Nilesh Saha, Brijesh Shah, Rishi Sharma |
Everything on this page traces back to a document Bandhan published. Here they are, so you can read the primary source yourself rather than take our word for it.
All Equity Long-Short funds we track, with their latest NAV, trailing returns, size and risk level. This fund is highlighted. Click a column heading to sort the table; the # column then shows each fund's position on that column. It is arithmetic on the period you chose, not a rating or a recommendation. Most SIFs are young, so check each fund's age before comparing. Open any fund's page from its name, or use the compare tool for a side-by-side view.
| # | NAV | |||||||
|---|---|---|---|---|---|---|---|---|
| — | Altiva Equity Long-Short Edelweiss | ₹10.7976 | ▲ 7.42% | — | — | ▲ 7.98% | 377 | 3 / 5 |
| — | Apex Equity Long-Short Aditya Birla SL | ₹10.37 | ▲ 4.64% | — | — | ▲ 3.70% | 125 | 2 / 5 |
| — | Arthaya Equity Long-Short Union | ₹10.2329 | ▲ 5.22% | ▲ 1.16% | — | ▲ 2.33% | 131 | 1 / 5 |
| — | Arudha Equity Long-Short Bandhan | ₹10.38 | ▲ 3.07% | ▼ 1.52% | ▲ 0.86% | ▲ 3.80% | 133 | 5 / 5 |
| — | Diviniti Equity Long-Short ITI | ₹900.3562 | ▲ 3.36% | ▼ 4.51% | ▼ 4.99% | ▼ 9.96% | 246 | 5 / 5 |
| — | DynaSIF Equity Long-Short 360 ONE | ₹10.3795 | ▲ 1.87% | ▼ 3.41% | ▲ 0.10% | ▲ 3.79% | 404 | 5 / 5 |
| — | iSIF Equity Long-Short ICICI Prudential | ₹10.6 | ▼ 0.47% | ▼ 0.47% | — | ▲ 6.00% | 790 | 5 / 5 |
| — | MSIF Equity Long-Short Mahindra Manulife | ₹10.3132 | — | — | — | ▲ 3.13% | — | 5 / 5 |
| — | qSIF Equity Long-Short Quant | ₹11.1935 | ▲ 2.86% | ▲ 0.62% | ▲ 9.64% | ▲ 11.94% | 1,018 | 3 / 5 |
| — | Sapphire Equity Long-Short Franklin Templeton | ₹1005.2144 | ▲ 5.03% | ▼ 1.91% | ▼ 0.56% | ▲ 0.52% | 211 | 5 / 5 |
| — | Summit Equity Long-Short Fund Invesco | ₹10.76 | ▲ 4.87% | ▲ 4.47% | — | ▲ 7.60% | 376 | 5 / 5 |
| — | Titanium Equity Long-Short Tata | ₹10.5453 | ▲ 3.44% | ▼ 0.05% | — | ▲ 5.45% | 344 | 5 / 5 |
| — | WSIF Equity Long-Short The Wealth Company | ₹10.4518 | ▲ 3.78% | ▼ 2.37% | — | ▲ 4.52% | 42 | 5 / 5 |
| Official AMFI NAVs as of 6 Nov 2026, in name order. Absolute returns, not annualised, Regular plan · Growth. Past performance may or may not be sustained in future. This table refreshes in your browser with the latest figures and can be sorted. | ||||||||
“—” means the fund is too young for that period or the figure isn't disclosed yet. Default order: 3-month return. NAV and returns follow the plan selected above (Growth option); AUM from each fund house's latest portfolio statement, risk level from Value Research.
Other SIFs from Bandhan: Arudha Hybrid Long-Short
Fund house: all Arudha SIF strategies and managers.
Compare Arudha Equity Long-Short with: Arthaya Equity Long-Short · Diviniti Equity Long-Short · DynaSIF Equity Long-Short · Sapphire Equity Long-Short · Titanium Equity Long-Short · WSIF Equity Long-Short · iSIF Equity Long-Short · qSIF Equity Long-Short.
Holds at least 80% in equity and equity-related instruments, with unhedged short exposure of up to 25% of net assets taken through derivatives — an all-cap approach with a derivative overlay.
Every Specialized Investment Fund sits between mutual funds and PMS: a ₹10 lakh minimum (aggregated per PAN per AMC), SEBI's SIF framework, and mutual-fund-grade taxation — equity-oriented strategies attract 12.5% LTCG after 12 months. Learn the mechanics on our What is a SIF page, or read our monthly SIF Performance Report.
SIFs carry a ₹10 lakh minimum and real derivative risk. Talk to a Trustner relationship manager — 20 minutes, no fee, no obligation. We are an AMFI-registered distributor (ARN-286886); we do not provide personalised investment advice.
The people named as designated fund managers in the scheme's official disclosures. Fund managers can change over the life of a scheme — verify against the current KIM before investing.
Mr. Rishi Sharma joined Mr. Nilesh Saha and Mr. Brijesh Shah from 27 March 2026 (Bandhan Notice-cum-Addendum No. 10 of 2026). Every change is in the SIF changes log.
Plain-English guides, each sourced to SEBI’s rules. They explain how SIFs work; they do not say whether one suits you.
A short note when a new SIF opens for subscription, and MeraSIF Monthly on the first working day of each month. Free.