Bandhan on WebNotes

Bandhan acquisition of IDFC Mutual Fund (2022)

Tue, 19 May 2026 00:00:00 +0000

In April 2022, Bandhan Financial Holdings (parent of Bandhan Bank) completed the acquisition of IDFC Asset Management from IDFC Limited, rebranding the AMC to Bandhan Mutual Fund . The deal valued IDFC MF at approximately Rs 4,500 crore and made Bandhan Bank a major participant in the Indian mutual fund industry, complementing its existing microfinance and retail banking operations.

For the Indian mutual fund industry, the Bandhan-IDFC deal was part of the 2022 consolidation wave that saw several mid-tier AMCs change hands.

IDFC Mutual Fund (historical)

Tue, 19 May 2026 00:00:00 +0000

IDFC Mutual Fund was the asset management subsidiary of IDFC Limited , an Indian infrastructure-finance NBFC turned diversified financial holding company. Operating from the mid-2000s until April 2022, IDFC Asset Management built a top-15 presence in the Indian mutual fund industry with approximately Rs 1,15,000 crore in AUM at time of acquisition. The AMC was acquired by Bandhan Financial Holdings in April 2022 and rebranded as Bandhan Mutual Fund .

For Indian retail investors who held IDFC Mutual Fund scheme units, the entity is now Bandhan Mutual Fund. Folios, units, and schemes continued through the rebrand without disruption.

Bandhan Group acquisition of IDFC Mutual Fund (2022)

Tue, 12 May 2026 00:00:00 +0000

The Bandhan Group acquisition of IDFC Asset Management Company in 2022 was a landmark consolidation in the Indian mutual fund industry, transferring a mid-sized AMC with approximately Rs 1.17 lakh crore in assets under management from the IDFC Financial Institutions group to Bandhan Financial Holdings Limited, the holding company of Bandhan Bank and the broader Bandhan financial services franchise. The transaction represented one of the largest AMC acquisition by value in Indian history, with the consideration estimated at approximately Rs 4,500 crore based on disclosed financial terms.