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NJ Arbitrage Fund Regular Growth
Alternative StrategiesArbitrage FundLow Risk
Regular
NAV (18-May-26)
₹12.560.02%1D
Returns (Since Inception)
6.19%
Rated ★4.3+ on 
Fund Overview
Fund Size
₹264 Cr
Expense Ratio
0.88%
ISIN
INF0J8L01057
Minimum SIP
₹500
Exit Load
No Charges
Inception Date
01 Aug 2022
About this fund
NJ Arbitrage Fund Regular Growth is a Arbitrage Fund mutual fund schemes offered by NJ Mutual Fund. This fund has been in existence for 3 years, 9 months and 18 days, having been launched on 01-Aug-22.
As of 18-May-26, it has a Net Asset Value (NAV) of ₹12.56, Assets Under Management (AUM) of 263.79 Crores, and an expense ratio of 0.88%.
As of 18-May-26, it has a Net Asset Value (NAV) of ₹12.56, Assets Under Management (AUM) of 263.79 Crores, and an expense ratio of 0.88%.
- NJ Arbitrage Fund Regular Growth has given a CAGR return of 6.19% since inception.
- The fund's asset allocation comprises around -0.50% in equities, 9.16% in debts, and 91.34% in cash & cash equivalents.
- You can start investing in NJ Arbitrage Fund Regular 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
+5.57%
+6.07% (Cat Avg.)
3 Years
+6.29%
+6.92% (Cat Avg.)
Since Inception
+6.19%
— (Cat Avg.)
Portfolio Summaryas of 30th April 2026
| Equity | ₹-1.33 Cr | -0.50% |
| Debt | ₹24.16 Cr | 9.16% |
| Others | ₹240.96 Cr | 91.34% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Cash Offset For Derivatives | Cash - General Offset | ₹218.14 Cr | 82.69% |
| Future on BANK Index | Equity Index - Future | ₹-48.39 Cr | 18.34% |
| Reliance Industries Ltd | Equity | ₹21.18 Cr | 8.03% |
| Bharti Airtel Ltd | Equity | ₹19.81 Cr | 7.51% |
| Reliance Industries Limited May 2026 Future | Equity - Future | ₹-18.44 Cr | 6.99% |
| Kotak Mahindra Bank Ltd | Equity | ₹18.32 Cr | 6.95% |
| Bharti Airtel Limited May 2026 Future | Equity - Future | ₹-16.84 Cr | 6.39% |
| Sammaan Capital Limited May 2026 Future | Equity - Future | ₹-14.9 Cr | 5.65% |
| Sammaan Capital Ltd | Equity | ₹14.8 Cr | 5.61% |
| Mahindra & Mahindra Limited May 2026 Future | Equity - Future | ₹-11.71 Cr | 4.44% |
| Mahindra & Mahindra Ltd | Equity | ₹11.65 Cr | 4.42% |
| ICICI Bank Ltd | Equity | ₹11.05 Cr | 4.19% |
| HDFC Bank Ltd | Equity | ₹9.97 Cr | 3.78% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹9.81 Cr | 3.72% |
| Vodafone Idea Ltd | Equity | ₹9.2 Cr | 3.49% |
| Vodafone Idea Limited May 2026 Future | Equity - Future | ₹-7.99 Cr | 3.03% |
| Sun Pharmaceutical Industries Limited June 2026 Future | Equity - Future | ₹-7.86 Cr | 2.98% |
| Clearing Corporation Of India Ltd | Cash - Repurchase Agreement | ₹6 Cr | 2.27% |
| Adani Enterprises Limited May 2026 Future | Equity - Future | ₹-5.99 Cr | 2.27% |
| Days T-Bill | Bond - Gov't/Treasury | ₹5.99 Cr | 2.27% |
| Adani Enterprises Ltd | Equity | ₹5.95 Cr | 2.26% |
| Eicher Motors Limited June 2026 Future | Equity - Future | ₹-5.25 Cr | 1.99% |
| Eicher Motors Ltd | Equity | ₹5.19 Cr | 1.97% |
| Biocon Limited May 2026 Future | Equity - Future | ₹-5.15 Cr | 1.95% |
| Biocon Ltd | Equity | ₹5.13 Cr | 1.94% |
| Tbill | Bond - Gov't/Treasury | ₹5 Cr | 1.89% |
| India (Republic of) | Bond - Short-term Government Bills | ₹4.88 Cr | 1.85% |
| Bajaj Finance Limited May 2026 Future | Equity - Future | ₹-4.74 Cr | 1.80% |
| Future on Bank of Baroda | Equity - Future | ₹-4.73 Cr | 1.79% |
| Bajaj Finance Ltd | Equity | ₹4.71 Cr | 1.78% |
| Bank of Baroda | Equity | ₹4.7 Cr | 1.78% |
| Eternal Ltd | Equity | ₹4.01 Cr | 1.52% |
| Net Receivables / (Payables) | Cash | ₹3.89 Cr | 1.47% |
| Larsen & Toubro Limited May 2026 Future | Equity - Future | ₹-3.74 Cr | 1.42% |
| Larsen & Toubro Ltd | Equity | ₹3.72 Cr | 1.41% |
| Ultratech Cement Limited June 2026 Future | Equity - Future | ₹-3.7 Cr | 1.40% |
| UltraTech Cement Ltd | Equity | ₹3.65 Cr | 1.38% |
| SBI Life Insurance Co Ltd | Equity | ₹3.48 Cr | 1.32% |
| SBI Life Future June 26 | Equity - Future | ₹-3.31 Cr | 1.25% |
| Titan Company Limited May 2026 Future | Equity - Future | ₹-3.24 Cr | 1.23% |
| Titan Co Ltd | Equity | ₹3.22 Cr | 1.22% |
| Bharti Airtel Limited June 2026 Future | Equity - Future | ₹-3.08 Cr | 1.17% |
| Eternal Limited May 2026 Future | Equity - Future | ₹-3.01 Cr | 1.14% |
| India (Republic of) | Bond - Short-term Government Bills | ₹2.96 Cr | 1.12% |
| Tbill | Bond - Gov't/Treasury | ₹2.95 Cr | 1.12% |
| Tbill | Bond - Gov't/Treasury | ₹2.93 Cr | 1.11% |
| Steel Authority Of India Limited May 2026 Future | Equity - Future | ₹-2.88 Cr | 1.09% |
| Day Tbill | Bond - Gov't/Treasury | ₹2.87 Cr | 1.09% |
| Steel Authority Of India Ltd | Equity | ₹2.86 Cr | 1.09% |
| India (Republic of) | Bond - Short-term Government Bills | ₹2.86 Cr | 1.08% |
| Reliance Industries Limited June 2026 Future | Equity - Future | ₹-2.82 Cr | 1.07% |
| Yes Bank Ltd | Equity | ₹2.79 Cr | 1.06% |
| Tata Steel Limited May 2026 Future | Equity - Future | ₹-2.68 Cr | 1.02% |
| Tata Steel Ltd | Equity | ₹2.67 Cr | 1.01% |
| Tbill | Bond - Gov't/Treasury | ₹2.5 Cr | 0.95% |
| 09/07/2026 Maturing 364 DTB | Bond - Gov't/Treasury | ₹2.48 Cr | 0.94% |
| Future on ITC | Equity - Future | ₹-2.42 Cr | 0.92% |
| ITC Ltd | Equity | ₹2.42 Cr | 0.92% |
| Grasim Industries Ltd | Equity | ₹2.38 Cr | 0.90% |
| Bandhan Bank Ltd | Equity | ₹2.37 Cr | 0.90% |
| Maruti Suzuki India Ltd | Equity | ₹2.2 Cr | 0.83% |
| NMDC Ltd | Equity | ₹2.2 Cr | 0.83% |
| United Spirits Limited May 2026 Future | Equity - Future | ₹-2.13 Cr | 0.81% |
| United Spirits Ltd | Equity | ₹2.12 Cr | 0.80% |
| Ambuja Cements Limited May 2026 Future | Equity - Future | ₹-2.11 Cr | 0.80% |
| Ambuja Cements Ltd | Equity | ₹2.1 Cr | 0.80% |
| Nmdc Limited May 2026 Future | Equity - Future | ₹-2.09 Cr | 0.79% |
| Sun Pharmaceutical Industries Limited May 2026 Future | Equity - Future | ₹-2.03 Cr | 0.77% |
| Grasim Industries Limited June 2026 Future | Equity - Future | ₹-1.98 Cr | 0.75% |
| Punjab National Bank Future May 26 | Equity - Future | ₹-1.84 Cr | 0.70% |
| Punjab National Bank | Equity | ₹1.84 Cr | 0.70% |
| Axis Bank Ltd | Equity | ₹1.82 Cr | 0.69% |
| Dabur India Limited May 2026 Future | Equity - Future | ₹-1.44 Cr | 0.55% |
| NTPC Ltd | Equity | ₹1.44 Cr | 0.54% |
| Dabur India Ltd | Equity | ₹1.43 Cr | 0.54% |
| Exide Industries Ltd | Equity | ₹1.43 Cr | 0.54% |
| Tata Power Company Limited May 2026 Future | Equity - Future | ₹-1.43 Cr | 0.54% |
| Tata Power Co Ltd | Equity | ₹1.42 Cr | 0.54% |
| Exide Industries Limited May 2026 Future | Equity - Future | ₹-1.37 Cr | 0.52% |
| NTPC Future June 26 | Equity - Future | ₹-1.33 Cr | 0.50% |
| Vodafone Idea Limited June 2026 Future | Equity - Future | ₹-1.26 Cr | 0.48% |
| Maruti Suzuki India Limited May 2026 Future | Equity - Future | ₹-1.2 Cr | 0.46% |
| Hindustan Aeronautics Limited May 2026 Future | Equity - Future | ₹-1.18 Cr | 0.45% |
| Hindustan Aeronautics Ltd Ordinary Shares | Equity | ₹1.17 Cr | 0.44% |
| IDFC First Bank Ltd | Equity | ₹1.16 Cr | 0.44% |
| Multi Commodity Exchange Of India Limited May 2026 Future | Equity - Future | ₹-1.12 Cr | 0.42% |
| Multi Commodity Exchange of India Ltd | Equity | ₹1.11 Cr | 0.42% |
| One97 Communications Ltd | Equity | ₹1.11 Cr | 0.42% |
| Lic Housing Finance Limited May 2026 Future | Equity - Future | ₹-1.06 Cr | 0.40% |
| LIC Housing Finance Ltd | Equity | ₹1.05 Cr | 0.40% |
| One 97 Communications Limited May 2026 Future | Equity - Future | ₹-1.04 Cr | 0.39% |
| Eternal Limited June 2026 Future | Equity - Future | ₹-1.03 Cr | 0.39% |
| Maruti Suzuki India Limited June 2026 Future | Equity - Future | ₹-1.01 Cr | 0.38% |
| India (Republic of) | Bond - Short-term Government Bills | ₹0.98 Cr | 0.37% |
| Jio Financial Services Ltd | Equity | ₹0.93 Cr | 0.35% |
| Indus Towers Limited May 2026 Future | Equity - Future | ₹-0.84 Cr | 0.32% |
| Indus Towers Ltd Ordinary Shares | Equity | ₹0.84 Cr | 0.32% |
| Future on Unilever | Equity - Future | ₹-0.75 Cr | 0.28% |
| Hindustan Unilever Ltd | Equity | ₹0.74 Cr | 0.28% |
| Crompton Greaves Consumer Electricals Limited May 2026 Future | Equity - Future | ₹-0.74 Cr | 0.28% |
| Crompton Greaves Consumer Electricals Ltd | Equity | ₹0.74 Cr | 0.28% |
| Indian Energy Exchange Ltd | Equity | ₹0.7 Cr | 0.27% |
| 10.18% Govt Stock 2026 | Bond - Gov't/Treasury | ₹0.7 Cr | 0.27% |
| Future on Cenergy Holdings SA | Equity - Future | ₹-0.7 Cr | 0.26% |
| Jio Financial Services Limited June 2026 Future | Equity - Future | ₹-0.58 Cr | 0.22% |
| Power Grid Corporation Of India Limited June 2026 Future | Equity - Future | ₹-0.49 Cr | 0.19% |
| Power Grid Corp Of India Ltd | Equity | ₹0.48 Cr | 0.18% |
| Laurus Labs Limited May 2026 Future | Equity - Future | ₹-0.47 Cr | 0.18% |
| Laurus Labs Ltd | Equity | ₹0.47 Cr | 0.18% |
| Grasim Industries Limited May 2026 Future | Equity - Future | ₹-0.42 Cr | 0.16% |
| Gail (India) Limited May 2026 Future | Equity - Future | ₹-0.36 Cr | 0.14% |
| GAIL (India) Ltd | Equity | ₹0.36 Cr | 0.14% |
| Jio Financial Services Limited May 2026 Future | Equity - Future | ₹-0.35 Cr | 0.13% |
| RBL Bank Ltd | Equity | ₹0.32 Cr | 0.12% |
| Asian Paints Limited May 2026 Future | Equity - Future | ₹-0.31 Cr | 0.12% |
| Asian Paints Ltd | Equity | ₹0.31 Cr | 0.12% |
| Gmr Airports Limited May 2026 Future | Equity - Future | ₹-0.27 Cr | 0.10% |
| GMR Airports Ltd | Equity | ₹0.27 Cr | 0.10% |
| IndusInd Bank Ltd | Equity | ₹0.26 Cr | 0.10% |
| Godrej Properties Ltd | Equity | ₹0.25 Cr | 0.10% |
| Solar Industries India Limited May 2026 Future | Equity - Future | ₹-0.23 Cr | 0.09% |
| Solar Industries India Ltd | Equity | ₹0.23 Cr | 0.09% |
| Pidilite Industries Limited June 2026 Future | Equity - Future | ₹-0.21 Cr | 0.08% |
| Pidilite Industries Ltd | Equity | ₹0.21 Cr | 0.08% |
| SBI Life Future May 26 | Equity - Future | ₹-0.21 Cr | 0.08% |
| Godrej Properties Limited May 2026 Future | Equity - Future | ₹-0.2 Cr | 0.08% |
| Bharat Electronics Limited June 2026 Future | Equity - Future | ₹-0.19 Cr | 0.07% |
| Bharat Electronics Ltd | Equity | ₹0.18 Cr | 0.07% |
| Dlf Limited May 2026 Future | Equity - Future | ₹-0.15 Cr | 0.06% |
| DLF Ltd | Equity | ₹0.15 Cr | 0.06% |
| Nmdc Limited June 2026 Future | Equity - Future | ₹-0.12 Cr | 0.05% |
| NTPC Future May 26 | Equity - Future | ₹-0.12 Cr | 0.05% |
| Max Healthcare Institute Limited May 2026 Future | Equity - Future | ₹-0.1 Cr | 0.04% |
| Max Healthcare Institute Ltd Ordinary Shares | Equity | ₹0.1 Cr | 0.04% |
| Cipla Limited May 2026 Future | Equity - Future | ₹-0.1 Cr | 0.04% |
| Cipla Ltd | Equity | ₹0.1 Cr | 0.04% |
| Bharat Heavy Electricals Limited May 2026 Future | Equity - Future | ₹-0.09 Cr | 0.04% |
| Bharat Heavy Electricals Ltd | Equity | ₹0.09 Cr | 0.04% |
| UPL Future May 26 | Equity - Future | ₹-0.09 Cr | 0.03% |
| Bajaj Finserv Ltd | Equity | ₹0.09 Cr | 0.03% |
| UPL Ltd | Equity | ₹0.09 Cr | 0.03% |
| Jsw Steel Limited June 2026 Future | Equity - Future | ₹-0.09 Cr | 0.03% |
| JSW Steel Ltd | Equity | ₹0.09 Cr | 0.03% |
| One 97 Communications Limited June 2026 Future | Equity - Future | ₹-0.08 Cr | 0.03% |
| Hero Motocorp Limited May 2026 Future | Equity - Future | ₹-0.08 Cr | 0.03% |
| Hero MotoCorp Ltd | Equity | ₹0.08 Cr | 0.03% |
| Exide Industries Limited June 2026 Future | Equity - Future | ₹-0.07 Cr | 0.02% |
| HDFC Life Future May 26 | Equity - Future | ₹-0.06 Cr | 0.02% |
| HDFC Life Insurance Co Ltd | Equity | ₹0.06 Cr | 0.02% |
| Godrej Properties Limited June 2026 Future | Equity - Future | ₹-0.05 Cr | 0.02% |
| Bajaj Finserv Limited June 2026 Future | Equity - Future | ₹-0.04 Cr | 0.02% |
| Bajaj Finserv Limited May 2026 Future | Equity - Future | ₹-0.04 Cr | 0.02% |
| Future on Tata Motors | Equity - Future | ₹-0.03 Cr | 0.01% |
| Tata Motors Passenger Vehicles Ltd | Equity | ₹0.03 Cr | 0.01% |
Allocation By Market Cap (Equity)
Large Cap Stocks
57.77%
Mid Cap Stocks
11.90%
Small Cap Stocks
8.12%
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹81.55 Cr | 30.92% |
| Communication Services | ₹29.85 Cr | 11.31% |
| Consumer Cyclical | ₹28.54 Cr | 10.82% |
| Energy | ₹27.13 Cr | 10.28% |
| Basic Materials | ₹16.77 Cr | 6.36% |
| Healthcare | ₹15.61 Cr | 5.92% |
| Consumer Defensive | ₹6.72 Cr | 2.55% |
| Industrials | ₹5.44 Cr | 2.06% |
| Utilities | ₹3.7 Cr | 1.40% |
| Technology | ₹1.11 Cr | 0.42% |
| Real Estate | ₹0.4 Cr | 0.15% |
Risk & Performance Ratios
Standard Deviation
This fund
0.40%
Cat. avg.
0.52%
Lower the better
Sharpe Ratio
This fund
-0.71
Cat. avg.
1.21
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
3.96
Higher the better
Fund Managers
VS
Viral Shah
Since December 2024
DP
Dhaval Patel
Since March 2023
Additional Scheme Detailsas of 30th April 2026
ISIN INF0J8L01057 | Expense Ratio 0.88% | Exit Load No Charges | Fund Size ₹264 Cr | Age 3 years 9 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
About the AMC
NJ Mutual Fund
Total AUM
₹6,521 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 | 0.6% | 0.0% | ₹2536.01 Cr | -2.6% |
| NJ Overnight Fund Direct Growth Low Risk | 0.1% | 0.0% | ₹361.06 Cr | 5.3% |
| NJ Arbitrage Fund Direct Growth Low Risk | 0.2% | 0.0% | ₹263.79 Cr | 6.3% |
| NJ Balanced Advantage Fund Direct Growth Very High Risk | 0.8% | 0.0% | ₹3435.23 Cr | 0.8% |
| NJ ELSS Tax Saver Scheme Direct Growth Very High Risk | 0.6% | 0.0% | ₹323.67 Cr | -2.2% |
Risk Level
Your principal amount will be at Low Risk
Take control of your wealth
Related Articles
Still got questions?
We're here to help.
What is the current NAV of NJ Arbitrage Fund Regular Growth?
The NAV of NJ Arbitrage Fund Regular Growth, as of 18-May-2026, is ₹12.56.
What are the returns of NJ Arbitrage Fund Regular Growth?
The fund has generated 5.57% over the last 1 year and 6.29% 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 Regular Growth?
The fund's allocation of assets is distributed as -0.50% in equities, 9.16% in bonds, and 91.34% in cash and cash equivalents.
Who manages the NJ Arbitrage Fund Regular Growth?
The fund managers responsible for NJ Arbitrage Fund Regular Growth are:-
- Viral Shah
- Dhaval Patel
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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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Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Pvt. Ltd. is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
