Bandhan Asset Management Company Limited acquired IDFC Asset Management Company in April 2022, leading to the rebranding of IDFC Mutual Fund as Bandhan Mutual Fund in March 2023. The consortium behind the acquisition comprised Bandhan Financial Holding (60%), ChrysCapital (20%), and Singapore's GIC (20%). By 2020, IDFC AMC ranked among India's top 10 asset managers with an AUM of Rs 1.18 lakh crores. Bandhan Mutual Fund offers diverse investment products and has a widespread presence across India.