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Fund Overview

Fund Size

Fund Size

₹239 Cr

Expense Ratio

Expense Ratio

1.02%

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 4 years, 1 months and 23 days, having been launched on 01-Aug-22.
As of 23-Sep-26, it has a Net Asset Value (NAV) of ₹13.17, Assets Under Management (AUM) of 238.54 Crores, and an expense ratio of 1.02%.
  • NJ Arbitrage Fund Direct Growth has given a CAGR return of 6.87% since inception.
  • The fund's asset allocation comprises around -1.00% in equities, 5.96% in debts, and 95.04% 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

+6.48%

+6.11% (Cat Avg.)

3 Years

+6.88%

+6.78% (Cat Avg.)

Since Inception

+6.87%

— (Cat Avg.)

Portfolio Summaryas of 31st August 2026

Equity₹-2.39 Cr-1.00%
Debt₹14.22 Cr5.96%
Others₹226.72 Cr95.04%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
Cash Offset For DerivativesCash - General Offset₹198.4 Cr83.17%
Future on BANK IndexEquity Index - Future₹-51.53 Cr21.60%
Kotak Mahindra Bank LtdEquity₹18.87 Cr7.91%
Future on Bharti Airtel LtdEquity - Future₹-17.3 Cr7.25%
Bharti Airtel LtdEquity₹16.7 Cr7.00%
Future on Reliance Industries LtdEquity - Future₹-16.68 Cr6.99%
Reliance Industries LtdEquity₹16.35 Cr6.85%
Future on Vodafone Idea LtdEquity - Future₹-16.2 Cr6.79%
Vodafone Idea LtdEquity₹15.77 Cr6.61%
Sun Pharmaceuticals Industries LtdEquity₹10.77 Cr4.51%
Future on Sun Pharmaceuticals Industries LtdEquity - Future₹-10.52 Cr4.41%
Future on Adani Enterprises LtdEquity - Future₹-9.71 Cr4.07%
Adani Enterprises LtdEquity₹9.36 Cr3.93%
Clearing Corporation Of India LtdCash - Repurchase Agreement₹8.8 Cr3.69%
Canara BankEquity₹7.88 Cr3.30%
HDFC Bank LtdEquity₹7.83 Cr3.28%
ICICI Bank LtdEquity₹6.72 Cr2.82%
Days T-BillBond - Gov't/Treasury₹6.1 Cr2.56%
Net Receivables / (Payables)Cash₹5.9 Cr2.47%
Biocon LtdEquity₹5.25 Cr2.20%
Future on Biocon LtdEquity - Future₹-5.2 Cr2.18%
Future on UltraTech Cement LtdEquity - Future₹-5.16 Cr2.16%
UltraTech Cement LtdEquity₹5.1 Cr2.14%
Future on Mahindra & Mahindra LtdEquity - Future₹-5 Cr2.10%
India (Republic of)Bond - Short-term Government Bills₹4.97 Cr2.09%
Mahindra & Mahindra LtdEquity₹4.86 Cr2.04%
Future on ITCEquity - Future₹-4.81 Cr2.02%
ITC LtdEquity₹4.63 Cr1.94%
Future on Bajaj Finance LtdEquity - Future₹-4.18 Cr1.75%
Bajaj Finance LtdEquity₹4.12 Cr1.73%
Future on Bank of BarodaEquity - Future₹-3.91 Cr1.64%
Bank of BarodaEquity₹3.91 Cr1.64%
Future on Adani Power LtdEquity - Future₹-3.85 Cr1.61%
Adani Power LtdEquity₹3.73 Cr1.56%
State Bank of IndiaEquity₹3.66 Cr1.53%
Axis Bank LtdEquity₹3.66 Cr1.53%
SBI Life Insurance Co LtdEquity₹3.33 Cr1.40%
Yes Bank LtdEquity₹3.2 Cr1.34%
Future on Eicher Motors LtdEquity - Future₹-3.14 Cr1.31%
Eicher Motors LtdEquity₹3.1 Cr1.30%
Future on Steel Authority Of India LtdEquity - Future₹-3.09 Cr1.29%
Tata Steel LtdEquity₹3.04 Cr1.28%
Future on Tata Steel LtdEquity - Future₹-3.03 Cr1.27%
Steel Authority Of India LtdEquity₹3.02 Cr1.27%
State Bank of India Future Oct 26Equity - Future₹-3.01 Cr1.26%
TbillBond - Gov't/Treasury₹2.99 Cr1.25%
29/10/2026 Maturing 364 DTBBond - Gov't/Treasury₹2.98 Cr1.25%
Day TbillBond - Gov't/Treasury₹2.92 Cr1.22%
India (Republic of)Bond - Short-term Government Bills₹2.91 Cr1.22%
SBI Life Future Sept 26Equity - Future₹-2.24 Cr0.94%
Future on Larsen & Toubro LtdEquity - Future₹-2.13 Cr0.89%
Larsen & Toubro LtdEquity₹2.12 Cr0.89%
India (Republic of)Bond - Short-term Government Bills₹1.99 Cr0.83%
Asian Paints LtdEquity₹1.99 Cr0.83%
Future on Ambuja Cements LtdEquity - Future₹-1.95 Cr0.82%
Future on Asian Paints LtdEquity - Future₹-1.95 Cr0.82%
Ambuja Cements LtdEquity₹1.93 Cr0.81%
Infosys Future Sept 26Equity - Future₹-1.86 Cr0.78%
Infosys LtdEquity₹1.86 Cr0.78%
One97 Communications LtdEquity₹1.74 Cr0.73%
Future on One97 Communications LtdEquity - Future₹-1.72 Cr0.72%
Bandhan Bank LtdEquity₹1.65 Cr0.69%
NTPC LtdEquity₹1.62 Cr0.68%
Future on Dabur India LtdEquity - Future₹-1.5 Cr0.63%
Dabur India LtdEquity₹1.48 Cr0.62%
IDFC First Bank LtdEquity₹1.44 Cr0.60%
8.24% Govt Stock 2027Bond - Gov't/Treasury₹1.31 Cr0.55%
Pidilite Industries LtdEquity₹1.27 Cr0.53%
Indian Energy Exchange LtdEquity₹1.26 Cr0.53%
Future on Pidilite Industries LtdEquity - Future₹-1.23 Cr0.52%
SBI Life Future Oct 26Equity - Future₹-1.13 Cr0.47%
NTPC Future Sept 26Equity - Future₹-1.12 Cr0.47%
Future on Tata Power Co LtdEquity - Future₹-1.12 Cr0.47%
Tata Power Co LtdEquity₹1.11 Cr0.46%
Future on LIC Housing Finance LtdEquity - Future₹-1.03 Cr0.43%
LIC Housing Finance LtdEquity₹1.02 Cr0.43%
Punjab National BankEquity₹1.01 Cr0.42%
Day TbillBond - Gov't/Treasury₹0.97 Cr0.41%
Jio Financial Services LtdEquity₹0.91 Cr0.38%
Future on Jio Financial Services LtdEquity - Future₹-0.9 Cr0.38%
HDFC Life Insurance Co LtdEquity₹0.9 Cr0.38%
Future on Tata MotorsEquity - Future₹-0.87 Cr0.36%
Future on Cenergy Holdings SAEquity - Future₹-0.85 Cr0.35%
Tata Motors Passenger Vehicles LtdEquity₹0.84 Cr0.35%
10.18% Govt Stock 2026Bond - Gov't/Treasury₹0.69 Cr0.29%
Grasim Industries LtdEquity₹0.67 Cr0.28%
Future on Grasim Industries LtdEquity - Future₹-0.67 Cr0.28%
Divi's Laboratories LtdEquity₹0.66 Cr0.28%
Indus Towers Ltd Ordinary SharesEquity₹0.66 Cr0.28%
Crompton Greaves Consumer Electricals LtdEquity₹0.66 Cr0.28%
Future on Crompton Greaves Consumer Electricals LtdEquity - Future₹-0.66 Cr0.28%
Future on Indus Towers Ltd Ordinary SharesEquity - Future₹-0.66 Cr0.28%
Future on Hindustan Aeronautics Ltd Ordinary SharesEquity - Future₹-0.65 Cr0.27%
Hindustan Aeronautics Ltd Ordinary SharesEquity₹0.65 Cr0.27%
Future on Divi's Laboratories LtdEquity - Future₹-0.65 Cr0.27%
Punjab National Bank Future Sept 26Equity - Future₹-0.64 Cr0.27%
State Bank of India Future Sept 26Equity - Future₹-0.63 Cr0.26%
HDFC Life Future Sept 26Equity - Future₹-0.6 Cr0.25%
Future on United Spirits LtdEquity - Future₹-0.54 Cr0.23%
United Spirits LtdEquity₹0.54 Cr0.22%
Future on NTPCEquity - Future₹-0.49 Cr0.21%
Cenergy Holdings SA Future Sept 26Equity - Future₹-0.42 Cr0.18%
Future on Power Grid Corp Of India LtdEquity - Future₹-0.4 Cr0.17%
Power Grid Corp Of India LtdEquity₹0.4 Cr0.17%
Punjab National Bank Future Oct 26Equity - Future₹-0.37 Cr0.15%
Future on Hindalco Industries LtdEquity - Future₹-0.36 Cr0.15%
Hindalco Industries LtdEquity₹0.36 Cr0.15%
Tata Consumer Future Sept 26Equity - Future₹-0.35 Cr0.14%
Tata Consumer Products LtdEquity₹0.34 Cr0.14%
Godrej Properties LtdEquity₹0.33 Cr0.14%
Future on Godrej Properties LtdEquity - Future₹-0.33 Cr0.14%
Future on Solar Industries India LtdEquity - Future₹-0.3 Cr0.13%
Solar Industries India LtdEquity₹0.3 Cr0.13%
HDFC Life Future Oct 26Equity - Future₹-0.3 Cr0.13%
Future on GMR Airports LtdEquity - Future₹-0.27 Cr0.11%
GMR Airports LtdEquity₹0.26 Cr0.11%
InterGlobe Aviation LtdEquity₹0.24 Cr0.10%
Future on InterGlobe Aviation LtdEquity - Future₹-0.23 Cr0.10%
Torrent Pharmaceuticals LtdEquity₹0.19 Cr0.08%
Future on Torrent Pharmaceuticals LtdEquity - Future₹-0.19 Cr0.08%
Future on Titan Co LtdEquity - Future₹-0.18 Cr0.08%
Titan Co LtdEquity₹0.18 Cr0.07%
CG Power & Industrial Solutions LtdEquity₹0.16 Cr0.07%
Future on CG Power & Industrial Solutions LtdEquity - Future₹-0.15 Cr0.06%
Max Healthcare Institute Ltd Ordinary SharesEquity₹0.11 Cr0.05%
Future on Max Healthcare Institute Ltd Ordinary SharesEquity - Future₹-0.11 Cr0.04%
Future on SBI Cards and Payment Services Ltd Ordinary SharesEquity - Future₹-0.11 Cr0.04%
SBI Cards and Payment Services Ltd Ordinary SharesEquity₹0.1 Cr0.04%
Future on JSW Steel LtdEquity - Future₹-0.09 Cr0.04%
JSW Steel LtdEquity₹0.09 Cr0.04%
UPL Future Sept 26Equity - Future₹-0.08 Cr0.03%
UPL LtdEquity₹0.08 Cr0.03%
DLF LtdEquity₹0.07 Cr0.03%
Future on DLF LtdEquity - Future₹-0.06 Cr0.03%

Allocation By Market Cap (Equity)

Large Cap Stocks

19.99%

Mid Cap Stocks

1.97%

Small Cap Stocks

1.22%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services₹71.45 Cr29.95%
Communication Services₹33.13 Cr13.89%
Energy₹25.71 Cr10.78%
Basic Materials₹17.84 Cr7.48%
Healthcare₹16.98 Cr7.12%
Consumer Cyclical₹9.64 Cr4.04%
Consumer Defensive₹6.98 Cr2.93%
Utilities₹6.85 Cr2.87%
Technology₹3.6 Cr1.51%
Industrials₹3.42 Cr1.44%
Real Estate₹0.39 Cr0.16%

Risk & Performance Ratios

Standard Deviation

This fund

0.66%

Cat. avg.

0.56%

Lower the better

Sharpe Ratio

This fund

0.51

Cat. avg.

0.89

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

1.76

Higher the better

Fund Managers

VS

Viral Shah

Since December 2024

DP

Dhaval Patel

Since March 2023

JI

Jaimin Ilavia

Since June 2026

Additional Scheme Detailsas of 31st August 2026

ISIN
INF0J8L01065
Expense Ratio
1.02%
Exit Load
No Charges
Fund Size
₹239 Cr
Age
4 years 1 month
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

iconCapital Gains Taxation:

iconDividend Taxation:

info icon

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.

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Quant Arbitrage Fund Direct Growth

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Quant Arbitrage Fund Regular Growth

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2.3%0.0%₹881.26 Cr7.1%
f Motilal Oswal Arbitrage Fund Regular Growth

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2.1%0.0%₹3486.36 Cr6.1%
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2.5%0.0%₹27.59 Cr3.8%
Samco Arbitrage Fund Direct Growth

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Franklin India Arbitrage Fund Direct Growth

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1.2%0.0%₹1905.95 Cr7.2%
Franklin India Arbitrage Fund Regular Growth

Low Risk

1.9%0.0%₹1905.95 Cr6.5%
WhiteOak Capital Arbitrage Fund Regular Growth

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3.3%0.0%₹2254.61 Cr6.5%
WhiteOak Capital Arbitrage Fund Direct Growth

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2.5%0.0%₹2254.61 Cr7.3%
Parag Parikh Arbitrage Fund Direct Growth

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1.0%0.0%₹2798.93 Cr6.6%
Parag Parikh Arbitrage Fund Regular Growth

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1.4%0.0%₹2798.93 Cr6.2%
Bajaj Finserv Arbitrage Fund Regular Growth

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2.0%0.0%₹1408.37 Cr6.0%
Bajaj Finserv Arbitrage Fund Direct Growth

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1.3%0.0%₹1408.37 Cr6.7%
SBI Arbitrage Opportunities Fund Direct Growth

Low Risk

1.5%0.0%₹47282.79 Cr6.7%
Bandhan Arbitrage Fund Regular Growth

Low Risk

2.4%0.0%₹8010.98 Cr5.9%
Nippon India Arbitrage Fund Direct Growth

Low Risk

1.4%0.0%₹17532.65 Cr6.9%
JM Arbitrage Fund Direct Growth

Low Risk

1.4%0.0%₹482.50 Cr6.5%
Invesco India Arbitrage Fund Direct Growth

Low Risk

2.3%0.0%₹30617.52 Cr7.0%
Kotak Equity Arbitrage Fund Direct Growth

Low Risk

2.4%0.0%₹75712.35 Cr6.9%
LIC MF Arbitrage Fund Direct Growth

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1.2%0.0%₹310.12 Cr6.8%
LIC MF Arbitrage Fund Regular Growth

Low Risk

1.8%0.0%₹310.12 Cr6.1%
JM Arbitrage Fund Regular Growth

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2.1%0.0%₹482.50 Cr5.8%
ICICI Prudential Equity Arbitrage Fund Regular Growth

Low Risk

2.1%0.0%₹34849.65 Cr6.2%
SBI Arbitrage Opportunities Fund Regular Growth

Low Risk

2.0%0.0%₹47282.79 Cr6.2%
UTI Arbitrage Fund Regular Growth

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1.9%0.0%₹11131.60 Cr6.2%
NJ Arbitrage Fund Regular Growth

Low Risk

1.7%0.0%₹238.54 Cr5.7%
NJ Arbitrage Fund Direct Growth

Low Risk

1.0%0.0%₹238.54 Cr6.5%
Bandhan Arbitrage Fund Direct Growth

Low Risk

1.7%0.0%₹8010.98 Cr6.7%
Axis Arbitrage Fund Regular Growth

Low Risk

2.1%0.0%₹10594.14 Cr6.1%
Axis Arbitrage Fund Direct Growth

Low Risk

1.4%0.0%₹10594.14 Cr6.9%
UTI Arbitrage Fund Direct Growth

Low Risk

1.3%0.0%₹11131.60 Cr6.8%
Union Arbitrage Fund Direct Growth

Low Risk

1.4%0.0%₹220.56 Cr6.8%
Union Arbitrage Fund Regular Growth

Low Risk

2.0%0.0%₹220.56 Cr6.1%
Aditya Birla Sun Life Arbitrage Fund Regular Growth

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2.0%0.0%₹27237.15 Cr6.2%

About the AMC

NJ Mutual Fund

NJ Mutual Fund

Total AUM

₹7,106 Cr

Address

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

Other Funds by NJ Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
NJ Momentum Fund Direct Growth

Very High Risk

0.7%0.0%--
NJ Value Fund Direct Growth

Very High Risk

0.7%0.0%--
NJ Flexi Cap Fund Direct Growth

Very High Risk

0.9%0.0%₹2696.50 Cr-4.5%
NJ Overnight Fund Direct Growth

Low Risk

0.1%0.0%₹348.29 Cr5.2%
NJ Arbitrage Fund Direct Growth

Low Risk

1.0%0.0%₹238.54 Cr6.5%
NJ Balanced Advantage Fund Direct Growth

Very High Risk

1.2%0.0%₹3385.33 Cr-0.6%
NJ ELSS Tax Saver Scheme Direct Growth

Very High Risk

0.8%0.0%₹349.03 Cr-2.1%

Risk Level

Your principal amount will be at Low Risk

Low Risk

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

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The NAV of NJ Arbitrage Fund Direct Growth, as of 23-Sep-2026, is ₹13.17.
The fund has generated 6.48% over the last 1 year and 6.88% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
The fund's allocation of assets is distributed as -1.00% in equities, 5.96% in bonds, and 95.04% in cash and cash equivalents.
The fund managers responsible for NJ Arbitrage Fund Direct Growth are:-
  1. Viral Shah
  2. Dhaval Patel
  3. Jaimin Ilavia
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