Bandhan AMC
 Official logo | |
| Type | Subsidiary |
|---|---|
| Industry | Asset management |
| Founded | 2000 |
| Headquarters | Mumbai, Maharashtra, India |
Number of locations | 109 (June 2026) |
| Key people | Vishal Kapoor (CEO) |
| Products | Mutual funds, portfolio management services, alternative investments, Specialised Investment Funds |
| ₹578.8 crore (FY 2025–26) | |
| AUM | ₹1,90,750 crore (March 2026) |
| Owners |
|
Number of employees | 748 (March 2026) |
| Parent | Bandhan Financial Holdings |
Bandhan AMC Limited, doing business as Bandhan AMC, is an Indian asset management company headquartered in Mumbai, Maharashtra. It is the investment manager of Bandhan Mutual Fund.[1]
The company was formerly known as IDFC Asset Management Company. It was renamed Bandhan AMC in March 2023 following its acquisition by a consortium comprising Bandhan Financial Holdings, GIC, and ChrysCapital.
The company offers mutual fund schemes, portfolio management services, and alternative investment funds. As of March 2026, it reported average assets under management (AUM) of approximately ₹1,90,750 crore.
History
[edit]The company was incorporated on 20 December 1999 as ANZ Grindlays Asset Management Company Private Limited by the Australia and New Zealand Banking Group (ANZ).[2][3] The mutual fund it managed was constituted as a trust on 29 December 1999 under the Indian Trusts Act, 1882. Its trust deed was registered in Mumbai,[4] and the fund received registration from the Securities and Exchange Board of India (SEBI) on 13 March 2000.[1]
In 2000, ANZ sold its Grindlays Bank operations in India to Standard Chartered.[5][6][7] On 30 May 2008, Infrastructure Development Finance Company (IDFC) acquired the equity and preference shares held by Standard Chartered, along with the equity held by minority shareholders.[1] The company was subsequently renamed IDFC Asset Management Company Limited.[8][9]
At the end of December 2016, the company managed approximately ₹57,998 crore in assets and ranked among the ten largest companies in the Indian mutual fund industry.[10]
Acquisition by Bandhan consortium
[edit]In April 2022, a consortium led by Bandhan Financial Holdings agreed to acquire IDFC Asset Management Company and IDFC AMC Trustee Company for ₹4,500 crore (approximately US$548 million).[11] The consortium comprised Bandhan Financial Holdings, GIC, and ChrysCapital, with an ownership structure of 60%, 20%, and 20%, respectively.[12][13]
The transaction was subject to regulatory approvals. The Competition Commission of India approved the proposed divestment in August 2022.[14][15] Bandhan Financial Holdings acquired the controlling stake in Bandhan AMC and the trustee company on 31 January 2023.[1]
On 13 March 2023, the fund house adopted the Bandhan brand. IDFC Asset Management Company became Bandhan AMC Limited, IDFC Mutual Fund became Bandhan Mutual Fund, and the term "IDFC" in the scheme names was replaced with "Bandhan".[8][16]
Bandhan Financial Holdings became the sponsor of the mutual fund.[17]
Operations
[edit]Bandhan AMC manages mutual fund schemes across equity, debt, and hybrid categories. Its average assets under management for the 2025-26 financial year were reported as ₹1,90,750 crore. The company also offers portfolio management services, alternative investment funds, and passive investment products, including index funds and exchange-traded funds (ETFs). In October 2024, it opened a branch in Gujarat International Finance Tec-City (GIFT City) to serve overseas investors.[18]
Specialised Investment Funds
[edit]In September 2025, Bandhan AMC received approval from SEBI to launch Specialised Investment Funds (SIFs) under its Arudha SIF platform.[19]
The SIF framework permits asset managers to offer specialised equity, debt, and hybrid strategies under a separate regulatory framework. The framework includes provisions for certain long-short strategies and derivative exposure.[20]
The company launched its first SIF product, the Arudha Hybrid Long-Short Fund, in January 2026.[21] It subsequently launched the Arudha Equity Long-Short Fund in March 2026.[22]
Leadership
[edit]Vishal Kapoor serves as the company's chief executive officer. Manish Gunwani heads equity investments, while Suyash Choudhary leads fixed-income investments.[23] Mrinal Singh and Bhupendra Meel oversee alternative investments and portfolio management services, respectively.
C. N. Ram became chairman of the board in January 2026. In September 2025, Kapoor was appointed vice chairman of the Association of Mutual Funds in India (AMFI).[24]
See also
[edit]References
[edit]- 1 2 3 4 "Statement of Additional Information" (PDF). Association of Mutual Funds in India. Retrieved 20 September 2026.
- ↑ Pandya, Aabhas. "ANZ Grindlays AMC set to unveil debt fund". m.rediff.com. Retrieved 20 September 2026.
- ↑ "Figure 1. Comparison of A.D.B.P. scores under two criterions". ResearchGate. Retrieved 20 September 2026.
- ↑ "Selling Grindlays in India was a mistake: ANZ chief". BusinessLine. 2012-08-15. Retrieved 20 September 2026.
- ↑ Panchal, Salil. "With signs of swifter reforms, ANZ plans larger India footprint". www.forbesindia.com. Retrieved 20 September 2026.
- ↑ Rebello, Joel (2012-11-27). "Rising trade, migration attract Australian banks to India". mint. Retrieved 20 September 2026.
- ↑ Treanor, Jill (2000-04-28). "Standard Chartered snaps up Grindlays". The Guardian. ISSN 0261-3077. Retrieved 20 September 2026.
- 1 2 Bazaz, Shivani (2023-03-11). "IDFC Mutual Fund to rebrand as Bandhan Mutual Fund effective March 13 - CNBC TV18". CNBCTV18. Retrieved 20 September 2026.
- ↑ Khanna, Surbhi (2026-02-23). "Which mutual funds have the highest exposure in IDFC First Bank?". The Economic Times. ISSN 0013-0389. Retrieved 20 September 2026.
- ↑ "idfc mutual fund: Team Bandhan leads race to buy IDFC Mutual Fund". The Economic Times. Retrieved 20 September 2026.
- ↑ "Bandhan-led consortium buys IDFC's mutual fund business for Rs 4,500 cr". Business Standard. 6 April 2022. Retrieved 20 September 2026.
- ↑ "Bandhan, ChrysCap, GIC team up to buy IDFC MF for ₹4,500 cr". Mint. 7 April 2022. Retrieved 20 September 2026.
- ↑ Singh, Rajiv Ranjan (2022-04-08). "Mutual Bandhan of IDFC points out Indian market's global appeal". Fortune India. Retrieved 20 September 2026.
- ↑ "IDFC stock ends 4% higher after CCI approves divestment of IDFC AMC". Business Standard. 2 August 2022. Retrieved 14 September 2026.
- ↑ "CCI approves acquisition of stake in IDFC Asset Management Company Limited and IDFC AMC Trustee Company Limited by Bandhan Financial Holdings Limited, ChrysCapital and GIC". pib.gov.in.
- ↑ Kishore, Kundan (2022-12-01). "IDFC Mutual Fund Will Now Be Bandhan Mutual Fund. How Will It Affect Your Investments?". Outlook Money. Retrieved 2026-09-14.
- ↑ "Bandhan-led consortium buys IDFC's mutual fund business for Rs 4,500 cr". Business Standard. 6 April 2022. Retrieved 14 September 2026.
- ↑ Khanna, Surbhi (2025-05-06). "Bandhan AMC commences GIFT City operations, launches three India focused funds". The Economic Times. ISSN 0013-0389. Retrieved 2026-09-14.
- ↑ "Bandhan AMC receives SEBI approval to launch Specialised Investment Funds, unveils Arudha SIF platform". The Economic Times. 4 September 2025. Retrieved 14 September 2026.
- ↑ "India's market regulator allows long-short equity, debt funds for wealthier individuals". Reuters. 27 February 2025. Retrieved 14 September 2026.
- ↑ "NFO Alert: Bandhan Mutual Fund launches Arudha SIF's maiden strategy with Hybrid Long-Short Fund". The Economic Times. 8 January 2026. Retrieved 14 September 2026.
- ↑ "NFO Alert: Arudha SIF launches Arudha Equity Long-Short Fund". The Economic Times. 3 March 2026. Retrieved 14 September 2026.
- ↑ Anand, Kshitij (2026-08-29). "RBI rate hike risk rises: Bandhan AMC's Suyash Choudhary dials back duration in bond portfolios". The Economic Times. ISSN 0013-0389. Retrieved 2026-09-14.
- ↑ Jha, Prabhakar (2026-08-28). "Re-elected: Meet AMFI leadership team — All about Chairman Sundeep Sikka and Vice-Chairman Vishal Kapoor". mint. Retrieved 2026-09-14.