NJ Arbitrage Fund Direct Growth

Fund Overview

Fund Size

₹270 Cr

Expense Ratio

0.26%

ISIN

INF0J8L01065

Minimum SIP

₹500

Exit Load

No Charges

Inception Date

01 Aug 2022

About this fund

NJ Arbitrage Fund Direct Growth is a Arbitrage Fund mutual fund schemes offered by NJ Mutual Fund. This fund has been in existence for 3 years, 8 months and 13 days, having been launched on 01-Aug-22.
As of 13-Apr-26, it has a Net Asset Value (NAV) of ₹12.82, Assets Under Management (AUM) of 269.85 Crores, and an expense ratio of 0.26%.

NJ Arbitrage Fund Direct Growth has given a CAGR return of 6.95% since inception.
The fund's asset allocation comprises around -0.44% in equities, 5.82% in debts, and 94.63% in cash & cash equivalents.
You can start investing in NJ Arbitrage Fund Direct Growth with a SIP of ₹500 or a Lumpsum investment of ₹5000.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+6.26%

+6.11% (Cat Avg.)

3 Years

+7.09%

+6.97% (Cat Avg.)

Since Inception

+6.95%

— (Cat Avg.)

Portfolio Summaryas of 31st March 2026

Equity	₹-1.2 Cr	-0.44%
Debt	₹15.7 Cr	5.82%
Others	₹255.35 Cr	94.63%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Cash Offset For Derivatives	Cash - General Offset	₹195.55 Cr	72.46%
Future on BANK Index	Equity Index - Future	₹-54.4 Cr	20.16%
Net Receivables / (Payables)	Cash	₹21.86 Cr	8.10%
Future on Reliance Industries Ltd	Equity - Future	₹-20 Cr	7.41%
Reliance Industries Ltd	Equity	₹19.89 Cr	7.37%
Kotak Mahindra Bank Ltd	Equity	₹16.26 Cr	6.02%
Future on Bharti Airtel Ltd	Equity - Future	₹-15.94 Cr	5.91%
Bharti Airtel Ltd	Equity	₹15.83 Cr	5.87%
HDFC Bank Ltd	Equity	₹15.73 Cr	5.83%
Clearing Corporation Of India Ltd	Cash - Repurchase Agreement	₹15.45 Cr	5.72%
Future on Sammaan Capital Ltd	Equity - Future	₹-15.4 Cr	5.71%
Sammaan Capital Ltd	Equity	₹15.3 Cr	5.67%
ICICI Bank Ltd	Equity	₹11.73 Cr	4.35%
Future on Mahindra & Mahindra Ltd	Equity - Future	₹-11.21 Cr	4.15%
Mahindra & Mahindra Ltd	Equity	₹11.11 Cr	4.12%
Future on Bajaj Finance Ltd	Equity - Future	₹-10.62 Cr	3.94%
Bajaj Finance Ltd	Equity	₹10.58 Cr	3.92%
Future on Vodafone Idea Ltd	Equity - Future	₹-6.7 Cr	2.48%
Vodafone Idea Ltd	Equity	₹6.65 Cr	2.46%
Future on Biocon Ltd	Equity - Future	₹-5.16 Cr	1.91%
Biocon Ltd	Equity	₹5.14 Cr	1.91%
Tbill	Bond - Gov't/Treasury	₹4.97 Cr	1.84%
Axis Bank Ltd	Equity	₹4.5 Cr	1.67%
Future on Adani Enterprises Ltd	Equity - Future	₹-4.39 Cr	1.63%
Future on Bank of Baroda	Equity - Future	₹-4.37 Cr	1.62%
Adani Enterprises Ltd	Equity	₹4.35 Cr	1.61%
Bank of Baroda	Equity	₹4.35 Cr	1.61%
Future on Larsen & Toubro Ltd	Equity - Future	₹-3.27 Cr	1.21%
Larsen & Toubro Ltd	Equity	₹3.25 Cr	1.20%
5.63% Govt Stock 2026	Bond - Gov't/Treasury	₹3.06 Cr	1.13%
02/04/2026 Maturing 364 DTB	Bond - Gov't/Treasury	₹3 Cr	1.11%
Tbill	Bond - Gov't/Treasury	₹3 Cr	1.11%
Tbill	Bond - Gov't/Treasury	₹2.93 Cr	1.09%
02/10/2026 Maturing 364 DTB	Bond - Gov't/Treasury	₹2.92 Cr	1.08%
Titan Co Ltd	Equity	₹2.9 Cr	1.08%
Tbill	Bond - Gov't/Treasury	₹2.85 Cr	1.06%
India (Republic of)	Bond - Short-term Government Bills	₹2.84 Cr	1.05%
Titan Company Limited April 2026 Future	Equity - Future	₹-2.84 Cr	1.05%
Eternal Ltd	Equity	₹2.78 Cr	1.03%
Future on Jio Financial Services Ltd	Equity - Future	₹-2.64 Cr	0.98%
Jio Financial Services Ltd	Equity	₹2.63 Cr	0.98%
16/04/2026 Maturing 182 DTB	Bond - Gov't/Treasury	₹2.49 Cr	0.92%
Tbill	Bond - Gov't/Treasury	₹2.49 Cr	0.92%
Tbill	Bond - Gov't/Treasury	₹2.49 Cr	0.92%
09/07/2026 Maturing 364 DTB	Bond - Gov't/Treasury	₹2.46 Cr	0.91%
Future on Tata Steel Ltd	Equity - Future	₹-2.44 Cr	0.90%
Tata Steel Ltd	Equity	₹2.43 Cr	0.90%
Yes Bank Ltd	Equity	₹2.41 Cr	0.89%
Future on Steel Authority Of India Ltd	Equity - Future	₹-2.38 Cr	0.88%
Steel Authority Of India Ltd	Equity	₹2.35 Cr	0.87%
State Bank of India Future Apr 26	Equity - Future	₹-2.29 Cr	0.85%
State Bank of India	Equity	₹2.28 Cr	0.84%
Future on ITC	Equity - Future	₹-2.22 Cr	0.82%
ITC Ltd	Equity	₹2.21 Cr	0.82%
Future on Sun Pharmaceuticals Industries Ltd	Equity - Future	₹-1.99 Cr	0.74%
Sun Pharmaceuticals Industries Ltd	Equity	₹1.97 Cr	0.73%
Future on United Spirits Ltd	Equity - Future	₹-1.96 Cr	0.72%
United Spirits Ltd	Equity	₹1.95 Cr	0.72%
Eternal Limited April 2026 Future	Equity - Future	₹-1.95 Cr	0.72%
Future on Ambuja Cements Ltd	Equity - Future	₹-1.9 Cr	0.70%
Ambuja Cements Ltd	Equity	₹1.9 Cr	0.70%
Future on NMDC Steel Ltd	Equity - Future	₹-1.76 Cr	0.65%
NMDC Ltd	Equity	₹1.75 Cr	0.65%
Punjab National Bank Future Apr 26	Equity - Future	₹-1.7 Cr	0.63%
Punjab National Bank	Equity	₹1.69 Cr	0.63%
Bandhan Bank Ltd	Equity	₹1.37 Cr	0.51%
Future on Tata Consultancy Services Ltd	Equity - Future	₹-1.36 Cr	0.51%
Tata Consultancy Services Ltd	Equity	₹1.36 Cr	0.50%
Future on Dabur India Ltd	Equity - Future	₹-1.35 Cr	0.50%
Dabur India Ltd	Equity	₹1.33 Cr	0.49%
Future on Tata Power Co Ltd	Equity - Future	₹-1.21 Cr	0.45%
Tata Power Co Ltd	Equity	₹1.21 Cr	0.45%
Future on Maruti Suzuki India Ltd	Equity - Future	₹-1.12 Cr	0.41%
Maruti Suzuki India Ltd	Equity	₹1.11 Cr	0.41%
Future on Exide Industries Ltd	Equity - Future	₹-1.1 Cr	0.41%
Trent Limited April 2026 Future	Equity - Future	₹-1.09 Cr	0.40%
Exide Industries Ltd	Equity	₹1.09 Cr	0.40%
Trent Ltd	Equity	₹1.09 Cr	0.40%
Tbill	Bond - Gov't/Treasury	₹1 Cr	0.37%
IDFC First Bank Ltd	Equity	₹0.98 Cr	0.36%
India (Republic of)	Bond - Short-term Government Bills	₹0.98 Cr	0.36%
Future on LIC Housing Finance Ltd	Equity - Future	₹-0.95 Cr	0.35%
Future on Hindustan Aeronautics Ltd Ordinary Shares	Equity - Future	₹-0.95 Cr	0.35%
Hindustan Aeronautics Ltd Ordinary Shares	Equity	₹0.94 Cr	0.35%
LIC Housing Finance Ltd	Equity	₹0.94 Cr	0.35%
Future on One97 Communications Ltd	Equity - Future	₹-0.91 Cr	0.34%
One97 Communications Ltd	Equity	₹0.9 Cr	0.33%
Future on Multi Commodity Exchange of India Ltd	Equity - Future	₹-0.9 Cr	0.33%
Multi Commodity Exchange of India Ltd	Equity	₹0.9 Cr	0.33%
Indus Towers Limited April 2026 Future	Equity - Future	₹-0.86 Cr	0.32%
Indus Towers Ltd Ordinary Shares	Equity	₹0.85 Cr	0.32%
Eternal Limited May 2026 Future	Equity - Future	₹-0.84 Cr	0.31%
IndusInd Bank Ltd	Equity	₹0.79 Cr	0.29%
10.18% Govt Stock 2026	Bond - Gov't/Treasury	₹0.7 Cr	0.26%
Future on Cenergy Holdings SA	Equity - Future	₹-0.69 Cr	0.26%
Future on Unilever	Equity - Future	₹-0.68 Cr	0.25%
Hindustan Unilever Ltd	Equity	₹0.68 Cr	0.25%
Indian Energy Exchange Ltd	Equity	₹0.65 Cr	0.24%
Future on Crompton Greaves Consumer Electricals Ltd	Equity - Future	₹-0.61 Cr	0.22%
Crompton Greaves Consumer Electricals Ltd	Equity	₹0.6 Cr	0.22%
Future on DLF Ltd	Equity - Future	₹-0.58 Cr	0.22%
DLF Ltd	Equity	₹0.58 Cr	0.22%
Future on Laurus Labs Ltd	Equity - Future	₹-0.43 Cr	0.16%
Laurus Labs Ltd	Equity	₹0.42 Cr	0.16%
Future on Grasim Industries Ltd	Equity - Future	₹-0.38 Cr	0.14%
Grasim Industries Ltd	Equity	₹0.38 Cr	0.14%
Future on GAIL (India) Ltd	Equity - Future	₹-0.31 Cr	0.11%
GAIL (India) Ltd	Equity	₹0.3 Cr	0.11%
RBL Bank Ltd	Equity	₹0.28 Cr	0.10%
Future on Asian Paints Ltd	Equity - Future	₹-0.27 Cr	0.10%
Asian Paints Ltd	Equity	₹0.27 Cr	0.10%
Future on GMR Airports Ltd	Equity - Future	₹-0.24 Cr	0.09%
GMR Airports Ltd	Equity	₹0.24 Cr	0.09%
SBI Life Future May 26	Equity - Future	₹-0.2 Cr	0.07%
SBI Life Insurance Co Ltd	Equity	₹0.2 Cr	0.07%
Future on Solar Industries India Ltd	Equity - Future	₹-0.18 Cr	0.07%
Solar Industries India Ltd	Equity	₹0.18 Cr	0.07%
Future on Godrej Properties Ltd	Equity - Future	₹-0.16 Cr	0.06%
Godrej Properties Ltd	Equity	₹0.16 Cr	0.06%
NTPC Future May 26	Equity - Future	₹-0.11 Cr	0.04%
NTPC Ltd	Equity	₹0.11 Cr	0.04%
Future on Max Healthcare Institute Ltd Ordinary Shares	Equity - Future	₹-0.1 Cr	0.04%
Max Healthcare Institute Ltd Ordinary Shares	Equity	₹0.1 Cr	0.04%
Cipla Limited April 2026 Future	Equity - Future	₹-0.09 Cr	0.03%
Cipla Ltd	Equity	₹0.09 Cr	0.03%
UPL Future Apr 26	Equity - Future	₹-0.08 Cr	0.03%
UPL Ltd	Equity	₹0.08 Cr	0.03%
Titan Company Limited May 2026 Future	Equity - Future	₹-0.07 Cr	0.03%
HDFC Life Future Apr 26	Equity - Future	₹-0.07 Cr	0.02%
HDFC Life Insurance Co Ltd	Equity	₹0.06 Cr	0.02%
Future on Bharat Heavy Electricals Ltd	Equity - Future	₹-0.06 Cr	0.02%
Bharat Heavy Electricals Ltd	Equity	₹0.06 Cr	0.02%
JSW Energy Ltd	Equity	₹0.05 Cr	0.02%
Future on Coforge Ltd	Equity - Future	₹-0.04 Cr	0.02%
Coforge Ltd	Equity	₹0.04 Cr	0.02%
Future on Tata Motors	Equity - Future	₹-0.02 Cr	0.01%
Tata Motors Passenger Vehicles Ltd	Equity	₹0.02 Cr	0.01%

Allocation By Market Cap (Equity)

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹93.63 Cr	34.70%
Energy	₹24.24 Cr	8.98%
Communication Services	₹23.33 Cr	8.65%
Consumer Cyclical	₹20.7 Cr	7.67%
Basic Materials	₹9.33 Cr	3.46%
Healthcare	₹7.73 Cr	2.86%
Consumer Defensive	₹6.17 Cr	2.29%
Industrials	₹4.49 Cr	1.66%
Technology	₹2.31 Cr	0.86%
Utilities	₹1.67 Cr	0.62%
Real Estate	₹0.74 Cr	0.28%

Risk & Performance Ratios

Fund Managers

Viral Shah

Since December 2024

Dhaval Patel

Since March 2023

Additional Scheme Detailsas of 31st March 2026

ISIN

INF0J8L01065

Expense Ratio

0.26%

Exit Load

No Charges

Fund Size

₹270 Cr

Age

3 years 8 months

Lumpsum Minimum

₹5,000

Fund Status

Open Ended Investment Company

Benchmark

NIFTY 50 Arbitrage TR INR

Investment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Capital Gains Taxation:

Dividend Taxation:

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Arbitrage Fund Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Groww Arbitrage Fund Regular Growth Low Risk	-	0.0%	-	-
Groww Arbitrage Fund Direct Growth Low Risk	-	0.0%	-	-
Helios Arbitrage Fund Regular Growth Low Risk	-	0.0%	-	-
Helios Arbitrage Fund Direct Growth Low Risk	-	0.0%	-	-
Capitalmind Arbitrage Fund Regular Growth Low Risk	-	0.0%	-	-
Capitalmind Arbitrage Fund Direct Growth Low Risk	-	0.0%	-	-
JioBlackRock Arbitrage Fund Direct Growth Low Risk	0.2%	0.0%	₹329.35 Cr	-
Old Bridge Arbitrage Fund Direct Growth Low Risk	0.1%	0.0%	₹140.17 Cr	-
Old Bridge Arbitrage Fund Regular Growth Low Risk	1.0%	0.0%	₹140.17 Cr	-
The Wealth Company Arbitrage Fund Regular Growth Low to Moderate Risk	0.9%	0.0%	₹153.67 Cr	-
The Wealth Company Arbitrage Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹153.67 Cr	-
TRUSTMF Arbitrage Fund Direct Growth Low Risk	0.2%	0.0%	₹66.66 Cr	-
TRUSTMF Arbitrage Fund Regular Growth Low Risk	1.0%	0.0%	₹66.66 Cr	-
Quant Arbitrage Fund Direct Growth Low Risk	0.2%	0.0%	₹293.93 Cr	7.5%
Quant Arbitrage Fund Regular Growth Low Risk	0.9%	0.0%	₹293.93 Cr	6.9%
f Motilal Oswal Arbitrage Fund Regular Growth Low Risk	1.0%	0.0%	₹2234.19 Cr	6.4%
f Motilal Oswal Arbitrage Fund Direct Growth Low Risk	0.1%	0.0%	₹2234.19 Cr	7.4%
Samco Arbitrage Fund Regular Growth Low Risk	1.6%	0.0%	₹11.22 Cr	4.0%
Samco Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹11.22 Cr	5.3%
Franklin India Arbitrage Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹794.42 Cr	7.0%
Franklin India Arbitrage Fund Regular Growth Low to Moderate Risk	1.0%	0.0%	₹794.42 Cr	6.3%
WhiteOak Capital Arbitrage Fund Regular Growth Low Risk	1.1%	0.0%	₹1009.86 Cr	6.3%
WhiteOak Capital Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹1009.86 Cr	7.1%
Parag Parikh Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹2059.02 Cr	6.5%
Parag Parikh Arbitrage Fund Regular Growth Low Risk	0.6%	0.0%	₹2059.02 Cr	6.1%
Bajaj Finserv Arbitrage Fund Regular Growth Low Risk	1.1%	0.0%	₹1032.31 Cr	5.9%
Bajaj Finserv Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹1032.31 Cr	6.6%
SBI Arbitrage Opportunities Fund Direct Growth Low Risk	0.4%	0.0%	₹41059.15 Cr	6.8%
Bandhan Arbitrage Fund Regular Growth Low Risk	1.1%	0.0%	₹7790.46 Cr	5.8%
Nippon India Arbitrage Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹15787.72 Cr	6.7%
JM Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹355.42 Cr	6.4%
Invesco India Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹26370.10 Cr	6.9%
Kotak Equity Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹67116.51 Cr	6.8%
LIC MF Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹219.67 Cr	6.6%
LIC MF Arbitrage Fund Regular Growth Low Risk	1.0%	0.0%	₹219.67 Cr	5.9%
JM Arbitrage Fund Regular Growth Low Risk	1.1%	0.0%	₹355.42 Cr	5.7%
ICICI Prudential Equity Arbitrage Fund Regular Growth Low Risk	0.9%	0.0%	₹32988.66 Cr	6.1%
SBI Arbitrage Opportunities Fund Regular Growth Low Risk	0.9%	0.0%	₹41059.15 Cr	6.2%
UTI Arbitrage Fund Regular Growth Low Risk	0.8%	0.0%	₹10499.51 Cr	6.2%
NJ Arbitrage Fund Regular Growth Low Risk	1.0%	0.0%	₹269.85 Cr	5.5%
NJ Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹269.85 Cr	6.3%
Bandhan Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹7790.46 Cr	6.6%
Axis Arbitrage Fund Regular Growth Low Risk	1.0%	0.0%	₹9022.68 Cr	6.1%
Axis Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹9022.68 Cr	6.8%
UTI Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹10499.51 Cr	6.7%
Union Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹275.51 Cr	6.4%
Union Arbitrage Fund Regular Growth Low Risk	1.0%	0.0%	₹275.51 Cr	5.8%
Aditya Birla Sun Life Arbitrage Fund Regular Growth Low Risk	1.0%	0.0%	₹25064.55 Cr	6.1%
Aditya Birla Sun Life Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹25064.55 Cr	6.9%
ICICI Prudential Equity Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹32988.66 Cr	6.7%

About the AMC

NJ Mutual Fund

022 68940000

https://www.njmutualfund.com/

Total AUM

₹7,054 Cr

Address

Unit No. 101A, 1st Floor, Mumbai, 400051

Other Funds by NJ Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
NJ Flexi Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹2292.86 Cr	2.7%
NJ Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹360.87 Cr	5.4%
NJ Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹269.85 Cr	6.3%
NJ Balanced Advantage Fund Direct Growth Very High Risk	0.6%	1.0%	₹3302.74 Cr	4.5%
NJ ELSS Tax Saver Scheme Direct Growth Very High Risk	0.7%	0.0%	₹294.80 Cr	4.3%

Risk Level

Your principal amount will be at Low Risk

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What is the current NAV of NJ Arbitrage Fund Direct Growth?

The NAV of NJ Arbitrage Fund Direct Growth, as of 13-Apr-2026, is ₹12.82.

What are the returns of NJ Arbitrage Fund Direct Growth?

The fund has generated 6.26% over the last 1 year and 7.09% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.

What is the portfolio composition of NJ Arbitrage Fund Direct Growth?

The fund's allocation of assets is distributed as -0.44% in equities, 5.82% in bonds, and 94.63% in cash and cash equivalents.

Who manages the NJ Arbitrage Fund Direct Growth?

The fund managers responsible for NJ Arbitrage Fund Direct Growth are:-

Viral Shah
Dhaval Patel

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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NJ Arbitrage Fund Direct Growth

Fund Overview