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Fund Overview

Fund Size

Fund Size

₹260 Cr

Expense Ratio

Expense Ratio

0.26%

ISIN

ISIN

INF0J8L01065

Minimum SIP

Minimum SIP

₹500

Exit Load

Exit Load

No Charges

Inception Date

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 2 years, 10 months and 18 days, having been launched on 01-Aug-22.
As of 18-Jun-25, it has a Net Asset Value (NAV) of ₹12.20, Assets Under Management (AUM) of 260.24 Crores, and an expense ratio of 0.26%.
  • NJ Arbitrage Fund Direct Growth has given a CAGR return of 7.16% since inception.
  • The fund's asset allocation comprises around -0.38% in equities, 9.76% in debts, and 90.62% 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

+6.82%

+6.75% (Cat Avg.)

Since Inception

+7.16%

(Cat Avg.)

Portfolio Summaryas of 31st May 2025

Equity-1 Cr-0.38%
Debt25.4 Cr9.76%
Others235.83 Cr90.62%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
Cash Offset For DerivativesCash - General Offset201.31 Cr77.36%
Future on Reliance Industries LtdEquity - Future-23.44 Cr9.01%
Reliance Industries LtdEquity23.3 Cr8.95%
Future on Bank of BarodaEquity - Future-22.13 Cr8.51%
Bank of BarodaEquity21.97 Cr8.44%
Future on Kotak Mahindra Bank LtdEquity - Future-20.47 Cr7.87%
Kotak Mahindra Bank LtdEquity20.33 Cr7.81%
Future on HDFC Bank Ltd CedearEquity - Future-15.91 Cr6.11%
HDFC Bank LtdEquity15.83 Cr6.08%
Clearing Corporation Of India LtdCash - Repurchase Agreement13.45 Cr5.17%
Future on United Spirits LtdEquity - Future-13.36 Cr5.13%
United Spirits LtdEquity13.3 Cr5.11%
Future on Adani Enterprises LtdEquity - Future-11.99 Cr4.61%
Adani Enterprises LtdEquity11.94 Cr4.59%
Future on Punjab National BankEquity - Future-11.85 Cr4.55%
Punjab National BankEquity11.77 Cr4.52%
Future on Bajaj Finance LtdEquity - Future-10.72 Cr4.12%
Bajaj Finance LtdEquity10.67 Cr4.10%
Tata Power Co LtdEquity7.37 Cr2.83%
Future on Bharti Airtel LtdEquity - Future-7.37 Cr2.83%
Future on Tata Power Co LtdEquity - Future-7.36 Cr2.83%
Bharti Airtel LtdEquity7.32 Cr2.81%
Future on Biocon LtdEquity - Future-7.25 Cr2.78%
Biocon LtdEquity7.22 Cr2.77%
Future on State Bank of IndiaEquity - Future-6.82 Cr2.62%
State Bank of IndiaEquity6.76 Cr2.60%
Net Receivables / (Payables)Cash6.14 Cr2.36%
Indus Towers Limited June 2025 FutureEquity - Future-5.91 Cr2.27%
Indus Towers Ltd Ordinary SharesEquity5.88 Cr2.26%
Tata Motors LtdEquity5.54 Cr2.13%
Future on Tata Motors LtdEquity - Future-5.52 Cr2.12%
5.22% Govt Stock 2025Bond - Gov't/Treasury5 Cr1.92%
91 Days Tbill Red 12-06-2025Bond - Gov't/Treasury4.99 Cr1.92%
5.15% Govt Stock 2025Bond - Gov't/Treasury4.99 Cr1.92%
182 Days TbillBond - Gov't/Treasury4.95 Cr1.90%
364 DTB 30-Oct-2025Bond - Gov't/Treasury4.89 Cr1.88%
364 DTB 04122025Bond - Gov't/Treasury4.86 Cr1.87%
364 DTB 01012026Bond - Gov't/Treasury4.84 Cr1.86%
364 DTB 15012026Bond - Gov't/Treasury4.83 Cr1.86%
Titan Company Limited June 2025 FutureEquity - Future-3.62 Cr1.39%
Titan Co LtdEquity3.61 Cr1.39%
Future on Indian Energy Exchange LtdEquity - Future-3.16 Cr1.21%
Indian Energy Exchange LtdEquity3.16 Cr1.21%
Future on Hindustan Aeronautics Ltd Ordinary SharesEquity - Future-3.15 Cr1.21%
Hindustan Aeronautics Ltd Ordinary SharesEquity3.13 Cr1.20%
Future on Bharat Electronics LtdEquity - Future-2.43 Cr0.93%
Bharat Electronics LtdEquity2.41 Cr0.93%
Larsen & Toubro LtdEquity2.15 Cr0.83%
Future on Larsen & Toubro LtdEquity - Future-2.14 Cr0.82%
Future on Ambuja Cements LtdEquity - Future-1.8 Cr0.69%
Ambuja Cements LtdEquity1.79 Cr0.69%
Hindustan Unilever LtdEquity1.48 Cr0.57%
Future on Hindustan Unilever LtdEquity - Future-1.47 Cr0.57%
Future on SRF LtdEquity - Future-1.4 Cr0.54%
SRF LtdEquity1.39 Cr0.54%
Future on GMR Airports LtdEquity - Future-1.38 Cr0.53%
GMR Airports LtdEquity1.37 Cr0.53%
Future on Hindalco Industries LtdEquity - Future-1.34 Cr0.51%
Hindalco Industries LtdEquity1.33 Cr0.51%
Bandhan Bank Limited June 2025 FutureEquity - Future-1.25 Cr0.48%
Bandhan Bank LtdEquity1.24 Cr0.48%
Future on Aditya Birla Capital LtdEquity - Future-1.21 Cr0.46%
Aditya Birla Capital LtdEquity1.2 Cr0.46%
Future on DLF LtdEquity - Future-1.12 Cr0.43%
DLF LtdEquity1.12 Cr0.43%
Nmdc Limited June 2025 FutureEquity - Future-1.06 Cr0.41%
NMDC LtdEquity1.06 Cr0.41%
Future on Jio Financial Services LtdEquity - Future-1 Cr0.38%
Jio Financial Services LtdEquity0.99 Cr0.38%
Future on Cipla LtdEquity - Future-0.86 Cr0.33%
Cipla LtdEquity0.86 Cr0.33%
Future on Axis Bank LtdEquity - Future-0.75 Cr0.29%
Axis Bank LtdEquity0.75 Cr0.29%
Future on Grasim Industries LtdEquity - Future-0.58 Cr0.22%
Grasim Industries LtdEquity0.57 Cr0.22%
8.2% Govt Stock 2025Bond - Gov't/Treasury0.5 Cr0.19%
364 DTB 09102025Bond - Gov't/Treasury0.49 Cr0.19%
Future on The Federal Bank LtdEquity - Future-0.41 Cr0.16%
The Federal Bank LtdEquity0.4 Cr0.16%
Future on Canara BankEquity - Future-0.31 Cr0.12%
Canara BankEquity0.31 Cr0.12%
Future on Pidilite Industries LtdEquity - Future-0.23 Cr0.09%
Pidilite Industries LtdEquity0.23 Cr0.09%
Future on Aarti Industries LtdEquity - Future-0.19 Cr0.07%
Aarti Industries LtdEquity0.19 Cr0.07%
Future on InterGlobe Aviation LtdEquity - Future-0.16 Cr0.06%
InterGlobe Aviation LtdEquity0.16 Cr0.06%
Future on Bharat Heavy Electricals LtdEquity - Future-0.07 Cr0.03%
Bharat Heavy Electricals LtdEquity0.07 Cr0.03%
Tata Consultancy Services LtdEquity0.06 Cr0.02%
Future on Tata Consultancy Services LtdEquity - Future-0.06 Cr0.02%
Trent Limited June 2025 FutureEquity - Future-0.06 Cr0.02%
Trent LtdEquity0.06 Cr0.02%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services95.39 Cr36.65%
Energy35.25 Cr13.54%
Consumer Defensive14.78 Cr5.68%
Communication Services13.2 Cr5.07%
Industrials10.69 Cr4.11%
Consumer Cyclical9.2 Cr3.54%
Healthcare8.08 Cr3.10%
Utilities7.37 Cr2.83%
Basic Materials5.17 Cr1.99%
Real Estate1.12 Cr0.43%
Technology0.06 Cr0.02%

Risk & Performance Ratios

Standard Deviation

This fund

--

Cat. avg.

0.67%

Lower the better

Sharpe Ratio

This fund

--

Cat. avg.

0.14

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

0.48

Higher the better

Fund Managers

VS

Viral Shah

Since December 2024

DP

Dhaval Patel

Since March 2023

Additional Scheme Detailsas of 31st May 2025

ISIN
INF0J8L01065
Expense Ratio
0.26%
Exit Load
No Charges
Fund Size
₹260 Cr
Age
2 years 10 months
Lumpsum Minimum
₹5,000
Fund Status
Open Ended Investment Company
Benchmark
NIFTY 50 Arbitrage TR INR

Investment ObjectiveInvestment 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:

  • For investments made on or after 1 April 2023: The entire capital gain is added to the investor's income and is taxed based on the applicable income tax slab.
  • For investments made before 1 April 2023:
    • If sold within 2 years of investment: The capital gains are added to the investor's income and taxed according to the applicable tax slab.
    • If sold after 2 years of investment: The capital gains are taxed at a flat rate of 12.5%.
  • Holding the units: No tax is applicable as long as you hold the units.

Dividend Taxation:

Dividends are considered part of the investor’s income and are taxed according to their applicable tax slab. Additionally, if an investor’s dividend income exceeds INR 5,000 in a financial year, a 10% Tax Deducted at Source (TDS) is withheld by the fund house before distributing the dividend.

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 nameExpense RatioExit LoadFund size
1Y
Baroda BNP Paribas Income Plus Arbitrage Active Fund of Fund Regular Growth

Moderate Risk

0.3%0.0%₹79.54 Cr-
Baroda BNP Paribas Income Plus Arbitrage Active Fund of Fund Direct Growth

Moderate Risk

0.1%0.0%₹79.54 Cr-
Quant Arbitrage Fund Direct Growth

Low Risk

0.4%0.0%₹102.74 Cr-
Quant Arbitrage Fund Regular Growth

Low Risk

0.9%0.0%₹102.74 Cr-
f Motilal Oswal Arbitrage Fund Regular Growth

Low Risk

1.0%0.0%₹719.70 Cr-
f Motilal Oswal Arbitrage Fund Direct Growth

Low Risk

0.1%0.0%₹719.70 Cr-
Samco Arbitrage Fund Regular Growth

Low Risk

1.6%0.0%₹37.82 Cr-
Samco Arbitrage Fund Direct Growth

Low Risk

0.4%0.0%₹37.82 Cr-
Franklin India Arbitrage Fund Direct Growth

Low Risk

0.3%0.0%₹313.65 Cr-
Franklin India Arbitrage Fund Regular Growth

Low Risk

1.0%0.0%₹313.65 Cr-

About the AMC

Total AUM

₹6,643 Cr

Address

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

Other Funds by NJ Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
NJ Flexi Cap Fund Direct Growth

Very High Risk

0.6%1.0%₹2250.50 Cr-4.6%
NJ Overnight Fund Direct Growth

Low Risk

0.1%0.0%₹222.74 Cr6.4%
NJ Arbitrage Fund Direct Growth

Low Risk

0.3%0.0%₹260.24 Cr6.8%
NJ Balanced Advantage Fund Direct Growth

Very High Risk

0.6%1.0%₹3789.16 Cr1.5%
NJ ELSS Tax Saver Scheme Direct Growth

Very High Risk

0.6%0.0%₹270.86 Cr0.2%

Risk Level

Your principal amount will be at Low Risk

Low Risk
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The NAV of NJ Arbitrage Fund Direct Growth, as of 18-Jun-2025, is ₹12.20.
The fund's allocation of assets is distributed as -0.38% in equities, 9.76% in bonds, and 90.62% in cash and cash equivalents.
The fund managers responsible for NJ Arbitrage Fund Direct Growth are:-
  1. Viral Shah
  2. Dhaval Patel