IDFC MF rebrands to Bandhan Mutual Fund
IDFC MF was acquired by consortium comprising Bandhan Financial Holdings Limited (BFHL), GIC and ChrysCapital. IDFC Mutual Fund has now been rebranded as Bandhan Mutual Fund. Continue reading to learn more.
IDFC Mutual Fund was bought by a consortium led by Bandhan Bank, which included Bandhan Financial Holdings Ltd (BFHL), GIC and ChrysCapital. IDFC Mutual Fund is now known as Bandhan Mutual Fund.
On Monday, March 13, 2023, IDFC Mutual Fund will embrace its new brand identification as Bandhan Mutual Fund. As a result, each scheme of the fund house will be renamed ‘Bandhan’ instead of ‘IDFC’. While the basic investment strategy, methodology and team remain unchanged, investors may continue to benefit from the fund house's high quality investment approach.
Vishal Kapoor, CEO of the AMC, stating more about the shift in brand identity, “Our new name reflects our new sponsorship and we are proud to now be a part of the Bandhan Group. Backed by the legacy, goodwill and inclusiveness that our Sponsors represent, we are confident that our investors will continue to benefit from the same passion, expertise and focus that they have experienced over the years. With a collective ambition of growing even faster, we are excited about the journey and opportunities that lie ahead. Our new brand identity is a testament to the universality of our commitment and the strength of our resolve to help every saver become an investor.”
IDFC MF’s rebranding to Bandhan Mutual Fund represents a new chapter in the fund house's history and is anticipated to revitalise its operations. Investors will be able to visit the fund house's new website, https://www.bandhanmutual.com, beginning Monday.