Arudha Equity Long-Short Fund vs Sapphire Equity Long-Short Fund
Arudha Equity Long-Short Fund from Bandhan Mutual Fund and Sapphire Equity Long-Short Fund from Franklin Templeton Mutual Fund, compared on NAV, returns, size, costs and portfolio — every figure from AMFI's NAV feed or the AMC's own factsheet.
How the two funds differ
NAV data as of 13 Nov 2026
- Sapphire Equity Long-Short Fund is the larger fund, with ₹211 Cr in disclosed assets against ₹133 Cr for Arudha Equity Long-Short Fund — about 1.6 times the size.
- Arudha Equity Long-Short Fund launched first, on 24 Mar 2026; Sapphire Equity Long-Short Fund followed on 29 Apr 2026, about 1 month later. Since-inception returns therefore cover different periods and are not directly comparable.
- Over the past six months, Arudha Equity Long-Short Fund returned +5.20% and Sapphire Equity Long-Short Fund returned +3.96% (Direct plan).
- Sapphire Equity Long-Short Fund has the lower Direct-plan expense ratio, 0.63% against 0.78% for Arudha Equity Long-Short Fund.
- Both are measured against the same benchmark, NIFTY 500 TRI.
Side by side
Switch between Direct and Regular plans in the header, or pick two dates to compare returns over the same period. A dash means the AMC has not disclosed that figure yet.
| Arudha Equity Long-Short Fund Bandhan Mutual Fund | Sapphire Equity Long-Short Fund Franklin Templeton Mutual Fund | |
|---|---|---|
| Category | Equity Long-Short | Equity Long-Short |
| Status | Active | Active |
| Direct NAV | 10.6420 | 1027.4887 |
| 1M Return | +4.87% | +6.71% |
| 1Y Return | — | — |
| Since Inception | +8.30% | +2.75% |
| AUM | ₹133 Cr | ₹211 Cr |
| Minimum Investment | ₹10,00,000 | ₹10,00,000 |
| Expense Ratio | 0.78% | 0.63% |
| Exit Load | 0.50% if redeemed/switched out within 30 days of allotment; nil thereafter | 1% if redeemed within 1 year from the date of allotment; nil if redeemed after 1 year |
| Benchmark | NIFTY 500 TRI | NIFTY 500 TRI |
| Risk-o-meter | Band 5 of 5 (Higher Risk) | Band 5 of 5 (Higher Risk) |
| Launch Date | 24 Mar 2026 | 29 Apr 2026 |
| Fund Managers | Nilesh Saha, Rishi Sharma, Brijesh Shah | Arihant Jain |
Open the full page for Arudha Equity Long-Short Fund or Sapphire Equity Long-Short Fund for NAV history, holdings and the AMC factsheet, or add a third fund to this comparison.
Holdings in common
4 positions appear in the disclosed top holdings of both funds. This compares only the top holdings each AMC publishes (Arudha Equity Long-Short Fund: 30 Sept 2026; Sapphire Equity Long-Short Fund: 30 Sept 2026), not the complete portfolios, so the real overlap may be higher.
| Holding | Sector | Bandhan MF weight | Franklin Templeton weight |
|---|---|---|---|
| Others Equity Total (remaining long positions) | — | 50.23% | 64.73% |
| HDFC Bank Ltd. | Banks | 4.00% | 4.81% |
| Bharti Airtel Ltd. | Telecom - Services | 3.46% | 2.94% |
| State Bank of India | Banks | 1.99% | 2.33% |
Arudha Equity Long-Short Fund vs Sapphire Equity Long-Short Fund: common questions
What is the difference between Arudha Equity Long-Short Fund and Sapphire Equity Long-Short Fund?
Both are Equity Long-Short Specialized Investment Funds (SIFs), so they follow the same SEBI strategy category. Arudha Equity Long-Short Fund is run by Bandhan Mutual Fund and Sapphire Equity Long-Short Fund by Franklin Templeton Mutual Fund; they differ in size, launch date, costs, portfolio and fund managers, all shown in the table on this page.
What is the latest NAV of Arudha Equity Long-Short Fund and Sapphire Equity Long-Short Fund?
The latest Direct-plan NAV of Arudha Equity Long-Short Fund is ₹10.6420 (13 Nov 2026), and of Sapphire Equity Long-Short Fund is ₹1027.4887 (13 Nov 2026). A higher NAV does not mean a better fund — it mainly reflects how long the scheme has been running.
Which is bigger, Arudha Equity Long-Short Fund or Sapphire Equity Long-Short Fund?
Sapphire Equity Long-Short Fund is larger by disclosed assets under management, at ₹211 Cr, compared with ₹133 Cr for Arudha Equity Long-Short Fund. Figures are the latest each AMC has disclosed.
Which has the lower expense ratio, Arudha Equity Long-Short Fund or Sapphire Equity Long-Short Fund?
Arudha Equity Long-Short Fund has a Direct-plan expense ratio of 0.78% and Sapphire Equity Long-Short Fund of 0.63%, as stated in each AMC's factsheet. Regular plans cost more than Direct plans.
What is the minimum investment in Arudha Equity Long-Short Fund and Sapphire Equity Long-Short Fund?
Both require a minimum investment of ₹10,00,000. SEBI sets a ₹10 lakh minimum across all SIF strategies of an AMC for non-accredited investors.
Which is better, Arudha Equity Long-Short Fund or Sapphire Equity Long-Short Fund?
SIF India does not rank one above the other or give investment advice. Which suits you depends on your goals, time horizon and risk tolerance. Both are new schemes with a short track record, and past performance does not indicate future returns. Read each scheme's offer document and consider speaking to a SEBI-registered adviser before investing.
More comparisons
Arudha Equity Long-Short Fund vs
Sapphire Equity Long-Short Fund vs
See every scheme in this category on the Equity Long-Short SIF Funds page. New to SIFs? Start with what a Specialised Investment Fund is, or read Understanding long-short equity strategies, Best SIF Funds in India: How to Actually Compare Them and SIF vs. Mutual Fund vs. PMS vs. AIF.
This comparison is factual information, not investment advice or a recommendation of either scheme. Past performance does not indicate future returns.