IDFC Mutual Fund on WebNotes

IDFC Mutual Fund (historical)

Mon, 18 May 2026 00:00:00 +0000

IDFC Mutual Fund was the Indian asset management subsidiary of IDFC Limited, with operational origins dating to 2000 as Standard Chartered Mutual Fund. After IDFC acquired the AMC in 2008, the AMC operated under the IDFC Mutual Fund brand from 2008 through 2023, when the entire AMC business was sold to a Bandhan Financial Holdings-led consortium. Following the 2023 transaction, the AMC was rebranded as Bandhan Mutual Fund , and the IDFC Mutual Fund brand ceased to exist as a standalone entity.

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.

Bandhan Mutual Fund

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

Bandhan Mutual Fund is an Indian asset management company, the successor to IDFC Mutual Fund following the acquisition of IDFC Asset Management Company Limited by Bandhan Financial Holdings Limited (the parent entity of Bandhan Bank Limited) in 2022. The rebranding from IDFC Mutual Fund to Bandhan Mutual Fund was completed in 2023. As of March 2024, the fund house managed assets exceeding Rs 1.3 lakh crore across equity, debt, hybrid, and passive categories.