Description
BSE announces the launch of New Fund Offer (NFO) for Bandhan Mutual Fund's Specialized Investment Fund - Arudha Equity Long Short Fund - on the BSE StAR MF platform, with tentative allotment date of March 24, 2026.
Summary
BSE has announced the launch of a New Fund Offer (NFO) for the Arudha Equity Long Short Fund, a Specialized Investment Fund (SIF) from Bandhan Mutual Fund, on the BSE StAR MF platform. The fund is available in both Regular and Direct plans across multiple IDCW payout and reinvestment options, with a tentative allotment date of March 24, 2026.
Key Points
- Fund name: Arudha Equity Long Short Fund under Bandhan Mutual Fund
- Fund category: Equity (Specialized Investment Fund - SIF)
- Available on the BSE StAR MF platform
- Two plan types: Regular Plan and Direct Plan
- Multiple payout/reinvestment options: Growth, Daily, Weekly, Fortnightly, Monthly, Quarterly, Half Yearly, Annual, and Periodic IDCW
- Total of 34 scheme variants listed with individual ISINs (INF194K series)
- All variants share the same tentative allotment date: March 24, 2026
Regulatory Changes
This circular introduces Specialized Investment Funds (SIF) as a new product category being made available on the BSE StAR MF platform, reflecting SEBI’s framework for SIFs which are distinct from traditional mutual fund schemes.
Compliance Requirements
- BSE StAR MF platform participants (distributors, brokers) should onboard and enable transactions for the new SIF schemes
- Investors must ensure eligibility under SEBI’s SIF investment criteria before subscribing
- Transactions should reference the correct ISIN for each plan/option variant
Important Dates
| Event | Date |
|---|---|
| Circular Date | March 4, 2026 |
| Tentative Allotment Date | March 24, 2026 |
Impact Assessment
This announcement is relevant to mutual fund distributors, registered investment advisors, and investors using the BSE StAR MF platform. The introduction of the Arudha Equity Long Short Fund as a SIF represents a new product category combining equity long-short strategies with multiple income distribution options. The 34 scheme variants provide flexibility but require careful ISIN selection during order placement. No direct impact on equity market trading or listed securities.
Impact Justification
Introduces a new Specialized Investment Fund (SIF) category product on BSE StAR MF platform with 34 scheme variants, relevant to mutual fund distributors and investors but does not affect equity market trading directly.