Asset ManagerRIA · CRD 170336SEC-Registered

Updated:

BANDHAN AMC LIMITED

BANDHAN AMC LIMITED is a SEC-registered investment adviser in MUMBAI, registered since 2014. It manages approximately $20.6 billion in regulatory assets.

BANDHAN AMC LIMITED

BANDHAN AMC LIMITED is a SEC-registered investment adviser in MUMBAI, registered since 2014. It manages approximately $20.6 billion in regulatory assets. The firm employs 672 staff and 42 investment advisers.

General information

Firm type

Asset Manager

Year founded

1994

Location

Region

Asia

Country

India

City

Mumbai

Corporate office

Mumbai, Maharashtra, India

Additional offices

Kolkata, India · Delhi, India · Bangalore, India · Chennai, India · Ahmedabad, India · Pune, India

Principals

Vishal Kapoor

CEO

Hemant Rustagi

Chief Investment Officer – Equity

Suvajyoti Ghosh

Head of Fixed Income

Sector focus

Mutual FundsAsset ManagementFixed IncomeEquity

Frequently asked questions

Who leads investment decisions at Bandhan AMC?

Vishal Kapoor serves as CEO of Bandhan AMC. Hemant Rustagi is Chief Investment Officer – Equity, overseeing active equity strategies, while Suvajyoti Ghosh leads fixed income. These roles are publicly disclosed on the firm's website and regulatory filings.

How is Bandhan AMC related to Bandhan Bank?

Bandhan AMC is a wholly owned subsidiary of Bandhan Bank. The bank acquired the asset management business (formerly IDBI Mutual Fund) in 2018, rebranding it as Bandhan Mutual Fund. The bank's microfinance distribution network gives the AMC access to investors in semi-urban and rural markets.

What types of funds does Bandhan AMC offer?

Bandhan AMC offers actively managed equity funds (large-cap, mid-cap, small-cap, sectoral), fixed-income funds (corporate bonds, gilt funds, money market), hybrid schemes, and exchange-traded funds. Its product range covers most categories required by Indian retail and institutional investors.

Does Bandhan AMC invest in private markets or only public securities?

Bandhan AMC focuses on public market securities through mutual funds. It does not have a disclosed private equity or venture capital arm. Its investment scope is limited to listed equities, bonds, and money market instruments as per its mutual fund offerings.

What is Bandhan AMC's distribution strategy?

Bandhan AMC leverages its parent Bandhan Bank's extensive microfinance branch network, which reaches deep into India's semi-urban and rural areas. This gives it a retail distribution advantage over asset managers relying solely on traditional broker-dealer networks. The AMC also uses digital platforms and third-party distributors.

How has Bandhan AMC performed relative to peers?

Industry rankings show Bandhan AMC as a mid-tier player in India's mutual fund industry by assets under management. Its growth has been notable post-acquisition by Bandhan Bank, but it faces strong competition from larger firms like HDFC AMC, ICICI Prudential AMC, and SBI Mutual Fund.

Does Bandhan AMC maintain any philanthropic or impact investment structures?

Bandhan AMC does not publicly disclose separate philanthropic structures. However, its parent Bandhan Bank operates Bandhan-Konnagar, a development arm focused on financial inclusion and social impact. The AMC's small cap fund and rural distribution are not formally tagged as impact investing vehicles.

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