AIF · Equity · CAT III - Mid/Small Cap
Vedartha India Opportunities Fund - Series 1
Fund size₹135 Cr
IRRSince inception9.33%
3Y return–
Fund age5 mo
From the research desk
A handful of value pockets, not the whole market
Vedartha India Opportunities Fund Series 1 is Bandhan Alternates Mid and Small Cap AIF strategy, founded on the belief that market prices periodically diverge from underlying business fundamentals as a result of market cycles and investor behaviour. The strategy seeks to exploit these dislocations through a contrarian approach, expecting returns as intrinsic business value is recognised and market expectations normalise over time.
The process begins with a top down assessment of the macroeconomic environment, business cycles, earnings trends, liquidity conditions and relative sector valuations, narrowing the opportunity set to a limited number of value pockets. Within these pockets, companies are evaluated through the Management Business Valuation framework, with investments considered only when both business quality and valuation support the thesis.
A top down view, a bottom up filter
Top down analysis narrows the opportunity set to a limited number of identified value pockets where market expectations have diverged from fundamentals, rather than spreading research evenly across the market.
Buy and hold, not trade the dislocation
Portfolio construction follows a buy and hold approach, waiting for intrinsic value to be recognised rather than trading in and out as sentiment shifts.
Business quality and valuation both have to agree
Investments are considered only when business quality and valuation both support the thesis; a strong case on just one of the two isn't enough to earn a place in the portfolio.
Fund Manager
Mrinal Singh
Mrinal Singh
–, Vedartha by Bandhan
Mrinal Singh, Head - Alternates (Listed Equities) at Bandhan AMC, brings over two decades of experience and a successful track record in investment management and equity research. Renowned for his value-driven approach to fund management, he has built a strong reputation for his deep research expertise, meticulous stock-picking. Before joining Bandhan AMC, Mrinal was the CIO & CEO of InCred Asset Management. Prior to that, he served as the Deputy CIO at ICICI Prudential AMC for over 12 years and managed assets of $3.3 billion. Under his leadership, the ICICI Prudential Value Discovery Fund grew from $0.2 billion to $2.7 billion. He is an alumnus of SP Jain Institute of Management & Research, Mumbai.
Managing AUM–
Growth of₹Cr
Vedartha India Opportunities Fund Series 1
Returns: How it has done
Scheme / BenchmarkYTD1Y2Y3Y5YSince inception
Vedartha India Opportunities Fund Series 1—————9.33%
Nifty 500−8.38%—————
Excess over benchmark——————
Returns up to one year are absolute; two years and above are annualised (CAGR). YTD is calendar-year-to-date. As on 31 Aug 2026.
Portfolio Details : Where the money actually sits
Stocks
23
P/E ratio
21.90
Avg market cap
₹54,684 Cr
Median market cap
₹12,178 Cr
Asset class
Equity
Market cap
Large cap16.60%
Mid cap12.26%
Small cap40.47%
Cash & others30.67%
As on 31 Aug 2026
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