Old Bridge Mutual Fund
Old Bridge Mutual Fund
Introduction to Old Bridge Mutual Fund
Old Bridge Mutual Fund is a relatively new entrant in the Indian mutual fund industry, having commenced its operations in September 2023. It is the mutual fund arm of Old Bridge Capital Management Private Limited, an investment management company founded by the renowned fund manager Kenneth Andrade in 2015.
The philosophy of Old Bridge Mutual Fund is deeply rooted in a cautious yet growth-oriented approach. Inspired by the ancient Roman practice where bridge engineers stood beneath their own creations to ensure maximum safety and endurance, Old Bridge Mutual Fund aims to build portfolios with a high "margin of safety." This means focusing on identifying quality businesses at reasonable valuations, emphasizing capital efficiency, low leverage, and strong corporate governance. Their investment style is typically long-term, cap-agnostic (investing across market capitalizations), and aims to minimize capital losses while participating in market and economic cycles.
Fund Manager
Old Bridge Mutual Fund is primarily led by its founder and a veteran in the Indian capital markets:
- Mr. Kenneth Andrade: He serves as the Chief Investment Officer (CIO) and is the driving force behind the investment strategy. With over 30 years of experience in Indian Capital Markets, Mr. Andrade has a formidable track record, notably during his tenure as CIO at IDFC Asset Management Company, where he managed a large corpus and was instrumental in building the firm's equity franchise. His expertise lies in identifying emerging businesses and focusing on companies that are poised for growth at the beginning of a new cycle, with a strong emphasis on valuation and risk management.
- Mr. Tarang Agrawal: He is also listed as a Fund Manager at Old Bridge Mutual Fund, working alongside Mr. Andrade to execute the investment strategies.
The investment team at Old Bridge Mutual Fund focuses on in-depth fundamental research and a disciplined approach to portfolio construction, adhering to their core principles of safety, longevity, and value.
Scope of Old Bridge Mutual Fund
The scope of Old Bridge Mutual Fund's operations in India is focused on delivering long-term wealth creation through a concentrated and disciplined investment approach. Key aspects of their scope include:
- Focused Portfolio Strategy: They typically build concentrated portfolios of a limited number of companies (e.g., up to 30 stocks) that meet their stringent criteria of capital efficiency, low leverage, and attractive valuations. This "focused" approach allows for deep research and high conviction in their selections.
- Cap-Agnostic Investing: While their flagship fund is a Focused Equity Fund, their investment philosophy allows them to invest across large-cap, mid-cap, and small-cap companies, depending on where they identify the best opportunities and value.
- Long-Term Wealth Creation: The fund house is geared towards investors with a long-term investment horizon, as their strategy revolves around patient capital and allowing compounding to work over time.
- Risk Management: A central tenet of their philosophy is the emphasis on minimizing capital losses by prioritizing buying at the right price and focusing on businesses with strong balance sheets.
- Limited but Potent Offerings: As a newer AMC, they currently offer a select few schemes, primarily in the equity and hybrid categories, reflecting their focused approach rather than a broad, diversified product suite.
- Emphasis on Business Fundamentals: Their investment process deeply analyzes the underlying business models, industry consolidation trends, and financial discipline of companies.
Overall, Old Bridge Mutual Fund aims to be a niche player, attracting investors who resonate with their value-oriented, concentrated, and disciplined investment style, led by an experienced investment veteran.
List of Funds with Brief Explanation
As a relatively new mutual fund house, Old Bridge Mutual Fund currently has a concise set of offerings. As of mid-July 2025, their primary active scheme available to the public is:
I. Equity Funds:
- Old Bridge Focused Equity Fund:
- Category: An open-ended Equity Scheme investing in a maximum of 30 stocks, making it a "Focused Fund" as per SEBI regulations. It is often categorized as a multi-cap fund due to its ability to invest across market capitalizations.
- Investment Objective: To generate long-term capital appreciation by investing in equity and equity-related instruments of up to 30 companies across large-cap, mid-cap, and small-cap segments.
- Philosophy/Strategy: The fund adheres to Kenneth Andrade's core investment philosophy of identifying strong business models with high capital efficiency, low leverage, and attractive valuations. It aims for a high "margin of safety" by buying quality companies at the right price, with a long-term holding period. This fund is available in both Regular and Direct plans, and Growth and Income Distribution cum Capital Withdrawal (IDCW) options.
While information on other distinct schemes (like pure debt or other hybrid funds beyond what an arbitrage or balanced advantage fund might offer) is not widely detailed as prominent public offerings, the AMC does have the regulatory approval to launch various types of schemes, including debt and hybrid, as its portfolio expands. However, their current focus and the scheme launched primarily reflects their core expertise in equity investing.
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