Bandhan AMC forays into SIFs with SEBI nod; launches ‘Arudha SIF’

The new product suite will be launched under the ‘Arudha SIF’ platform. The term Arudha, according to the release means “ascent” and “progress,” symbolizing the transition from conventional mutual funds to more advanced investment approaches.

Bandhan AMC has announced its entry into the Specialised Investment Funds (SIF) segment following approval from the Securities and Exchange Board of India (SEBI).

With this approval, Bandhan AMC will now be able to design and manage innovative equity, debt, and hybrid strategies, including unhedged short derivatives positions. According to the company, the SIF framework will allow greater flexibility in portfolio construction and enable fund managers to deliver non-traditional strategies that align with evolving investor needs.

The new product suite will be launched under the ‘Arudha SIF’ platform. The term Arudha, according to the release means “ascent” and “progress,” symbolizing the transition from conventional mutual funds to more advanced investment approaches. The platform is being positioned as a natural progression for investors looking to move into more sophisticated wealth-creation strategies.

Commenting on the launch, Bandhan AMC said the rollout of products under Arudha SIF will be gradual, with offerings designed to cater to investors seeking the next step in their financial journey.

This is the latest announcement of AMC foray into SIFs. Previously, Mirae Asset, Edelweiss, Quant, ITI MF etc have announced their approvals to launch SIF category products.  SIFs are a new investment category created by Sebi to bridge the regulatory and operational gap between mutual funds and portfolio management services (PMS). Announced via a consultation paper in July 2024, the framework for SIFs was finalised earlier this year with the aim of catering to investors seeking higher customisation and flexibility, without moving into the PMS space.