IDFC Asset Management Company Limited

IDFC Asset Management Company Limited

Bandhan Mutual Fund, established on March 13, 2000, is one of India's largest mutual fund houses. In terms of Assets under Management (AUM), it ranks among the top players in the industry, managing assets worth ₹1,37,193.31 crore as of March 2024. In April 2022, Bandhan, along with a consortium including Bandhan Financial Holdings Limited, Singapore's Sovereign Fund GIC, and ChrysCapital, acquired IDFC Asset Management Company. Following this acquisition, IDFC Mutual Fund was rebranded as Bandhan Mutual Fund in March 2023. Despite being relatively new, Bandhan Mutual Fund has made a significant impact on the Indian financial market. It currently offers 76 mutual fund schemes across categories such as debt, equity, hybrid, and other options. The fund is managed by a team of experienced professionals, including Manish Gunwani, Daylynn Gerard Paul Pinto, Sachin Relekar, Nemish Sheth, Sumit Agrawal, Harshal Joshi, Viraj Kulkarni, Brijesh Shah, Gautam Kaul, and Suyash Choudhary.

Key information about idfc mutual funds

Mutual fund name

Bandhan Mutual Fund

Asset Management Company Name

Bandhan Asset Management Company Limited

AMC Setup Date

13-Mar-2000

AMC Incorporation Date

20-Dec-1999

Sponsor Name

Bandhan Financial Holdings Limited

Trustee Organisation

Bandhan Mutual Fund Trustee Limited

CIO

Mr. Manish Gunwani, Mr. Suyash Choudhary

MD & CEO

Mr. Vishal Kapoor

Compliance Officer

Ms. Vijayalaxmi Khatri

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How can you invest in idfc mutual funds Mutual Funds

To invest in idfc mutual funds Mutual Funds through the Lemonn App, you can follow these general steps:


Step 1 : Download the Lemonn App

If you haven't already, download the Lemonn App from the Google Play Store or Apple App Store.


Step 2 : Sign up / Log in

Sign up by providing your phone number and completing the basic registration process.

If you already have an account, simply log in.


Step 3 : Complete KYC

Before investing, ensure your KYC (Know Your Customer) verification is complete. Most mutual fund apps will guide you through this. You’ll need PAN, Aadhaar, and other necessary details.


Step 4 : Search for idfc mutual funds Mutual Funds

Once your KYC is done, search for the idfc mutual funds Mutual Fund schemes you're interested in by using the search bar.


Step 5 : Choose a Scheme

You will see a list of various funds under idfc mutual funds. Explore the options, check their performance, risk profile, and investment objectives.

Choose a scheme that aligns with your investment goals (e.g., equity, debt, hybrid funds).


Step 6 : Decide on the Investment Amount

You can either make a lump sum investment or set up a SIP (Systematic Investment Plan) to invest a fixed amount periodically.


Step 7 : Confirm the Investment

Enter the amount you wish to invest.

Review the details and confirm the payment method (Net Banking, UPI, etc.).

After making the payment, you will receive a confirmation of your investment.


Step 8 : Track Your Investment

You can track the performance of your idfc mutual funds Mutual Funds on the Lemonn App dashboard. It will show NAV, returns, and other key details.


If you need any assistance, the Lemonn App usually has customer support or chat options to help. Keep an eye on expenses like entry/exit loads and expense ratios to optimize returns!

Top Fund Managers

Mr Manish Gunwani
Mr. Manish Gunwani, a B.Tech. graduate with a PGDM, is an experienced fund manager with a strong track record. He previously managed funds at Nippon India Mutual Fund and ICICI Prudential Mutual Fund. He also held the role of Lead Analyst at firms including Lehman Brothers, Brics Securities, and Vicisoft Technologies.

Mr Daylynn Gerard Paul Pinto
Mr. Daylynn Gerard Paul Pinto holds a Post Graduate Diploma in Management (PGDM) and a Bachelor’s degree in Commerce. With over 12 years of experience in the mutual fund industry, he has also led the fund management team at UTI.

Mr Sachin Relekar
Mr. Sachin Relekar is an accomplished fund manager with experience at prestigious asset management companies such as Tata AMC, LIC Mutual Fund, CD Equity Search, and Innovision Consulting. He holds an MMS in Finance and a B.E. in Mechanical Engineering from K.E.S. College of Engineering, Islampur.

Mr Nemish Sheth
Mr. Nemish Sheth has prior experience working with Nippon Life India Asset Management Ltd. and ICICI Prudential Asset Management Company Ltd. He holds a PGDM in Finance and a Bachelor of Commerce degree.

Mr Sumit Agrawal
Mr. Sumit Agrawal is a seasoned fund manager with a wealth of experience. He has held key positions such as Fund Manager at Mirae Asset Mutual Fund, Vice President – Research Analyst at Axis Capital, and Team Leader & Research Analyst at JP Morgan India Services Pvt. Ltd. He holds a Post Graduate Diploma in Management (PGDM) in Finance, is a Company Secretary affiliated with the Institute of Company Secretaries of India, has a Bachelor’s degree in Commerce, and is a Chartered Financial Analyst (USA).

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FAQs

1.Should I invest in a IDFC Mutual fund scheme?

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Whether you should invest in IDFC Mutual Funds or not depends on your goals. In addition to assessing their returns over several timelines, evaluate the schemes based on risk, volatility, returns, the fund manager’s experience, and your own return expectations and risk tolerance.

2.How to Start a IDFC Mutual Fund SIP online?

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There are two ways to start a IDFC Mutual Fund SIP. For a hassle-free investing experience, you can invest in IDFC Mutual Fund SIP online through the Lemonn App. Alternatively, you can start investing in IDFC Mutual Fund SIP online through IDFC Mutual Fund AMC official website.

3.How to redeem IDFC Mutual funds Online?

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There are two ways of doing this. You can initiate your redemption request by Lemonn App. Alternatively, you can also redeem your investments by visiting the IDFC Mutual Fund AMC website.

4.How much time does it take to redeem the IDFC Mutual funds?

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The proceeds of equity, debt, and conservative hybrid funds are generally transferred to your registered bank account within 2-4 working days of the withdrawal initiation. Redemption of liquid funds takes 1-2 working days.

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