Mutual Funds
AMC
NJ Arbitrage Fund - Direct (G)

NJ Arbitrage Fund - Direct (G)

NAV
12.52(0.04%)
Fund Size (CR)
₹261.98
Expense Ratio
0.26
Scheme Type
Active Fund
Value Research

Min. investment
₹5,000
Minimum Additional Investment
₹500
Minimum SIP Investment
₹100
Minimum Withdrawal
₹1
Exit Load
1% of applicable Net Asset Value - If the amount sought to be redeemed or switch out is invested for a period of up to 3 months from the date of allotment Nil - If the amount, sought to be redeemed or switch out is invested for a period of more than 3 months from the date of allotment
0%
Return Since Launch
6.96%

Absolute Return: 1.40%

Annualized Return: 0%

1% of applicable Net Asset Value - If the amount sought to be redeemed or switch out is invested for a period of up to 3 months from the date of allotment Nil - If the amount, sought to be redeemed or switch out is invested for a period of more than 3 months from the date of allotment

Basic Details

Scheme Manager

Viral Shah

Bench Mark

Nifty 50 Arbitrage TRI

Type

OPEN

Lumpsum Returns

Period Invested For	₹10,000 Invested on	Latest Value	Absolute Returns	Annualised Returns	Category Avg	Rank within Category
1 Week	25 November 2025	9999.60	-0.00%	-	0.02%	140/174
1 Month	31 October 2025	10056.47	0.56%	-	0.57%	95/170
3 Month	2 September 2025	10137.33	1.37%	-	1.41%	90/166
6 Month	2 June 2025	10293.95	2.94%	-	2.96%	83/164
1 Year	2 December 2024	10631.73	6.32%	6.32%	6.55%	102/156
3 Year	2 December 2022	12318.46	23.18%	7.19%	7.21%	71/142
5 Year	-	-	-	-	-	-/-
Since Inception	1 August 2022	12519.50	25.20%	6.96%	5.61%	10/174

Note: Lumpsum Returns since Inception Date.

SIP Returns

Period Invested For	₹10,000 Invested on	Investments	Latest Value	Absolute Returns	Annualised Returns
1 Year	1 January 2025	1,20,000	123297.54	2.75%	2.75%
3 Year	2 January 2023	3,60,000	397309.21	10.36%	3.34%
5 Year	-	-	-	-	-
10 Year	-	-	-	-	-

Note: SIP Returns since Inception Date.

Tax Treatment

If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.

Mutual Funds Calculator

Investment type
Scheme based

SIP
Lumpsum

Monthly Investment (₹)

Minimum value allowed is 500

Expected Returns Rate (%)

Minimum value allowed is 1

Time Period (in Years)

Minimum value allowed is 1

Start your SIP now

Invested Amount
₹25,000
Estimated Returns
₹19,059

76%

Returns

Future value of your investment

₹44,059

Risk Ratios

0.13%

Standard Deviation

0.72%

Beta

2.67%

Sharpe Ratio

-3.07%

Treynor's Ratio

0.01%

Jension's Alpha

Asset Allocation

Sector Allocation

Top 10 stock holding in portfolio

Stock Invested in	% of Total Holdings	Quantity	Value (Cr)	Asset Type	Segment
HDFC Bank	8.71%	231000	22.81	Equity	Banks
Reliance Industr	8.14%	143500	21.33	Equity	Refineries
Bank of Baroda	8.05%	757575	21.09	Equity	Banks
Kotak Mah. Bank	7.93%	98800	20.77	Equity	Banks
Adani Enterp.	5.00%	52800	13.10	Equity	Trading
United Spirits	4.81%	88000	12.60	Equity	Alcoholic Beverages
Bajaj Finance	4.63%	116250	12.12	Equity	Finance
Punjab Natl.Bank	3.72%	792000	9.73	Equity	Banks
SBI	3.30%	92250	8.64	Equity	Banks
Bharti Airtel	3.24%	41325	8.49	Equity	Telecom-Service

Peer Comparison

Scheme Name	Asset Size (Cr)	1M	3M	6M	1Y	3Y
NJ Arbitrage Fund - Direct (G)	261.98	0.56%	1.37%	2.94%	6.32%	7.19%
Bandhan Arbitrage - Direct (IDCW-M)	8747.55	0.58%	2.01%	3.61%	7.58%	7.94%
WhiteOak Capital Arbitrage Fund - Direct (G)	735.66	0.62%	1.57%	3.31%	7.43%	-
ITI Arbitrage Fund - Direct (G)	47.01	0.53%	1.49%	3.28%	7.31%	7.46%
ITI Arbitrage Fund - Direct (IDCW)	47.01	0.53%	1.49%	3.28%	7.31%	7.46%
Aditya Birla SL Arbitrage Fund - Dir (G)	24255.89	0.63%	1.54%	3.23%	7.24%	7.82%

List of Schemes under NJ Mutual Fund

Fund Name	Category	Risk	1Y Returns	Ratings	Fund Size (Cr)
NJ ELSS Tax Saver Scheme	Equity	Very High	-1.53%	0	₹306.88
NJ Overnight Fund	Debt	Low	5.86%	2	₹296.15
NJ Balanced Advantage Fund	Hybrid	Moderately High	1.62%	2	₹3,781.06
NJ Arbitrage Fund	Hybrid	Low	6.32%	2	₹261.98
NJ Flexi Cap Fund	Equity	Very High	-3.61%	0	₹2,438.74

News

NJ Mutual Fund announces Appointment of Key Personnel
NJ Mutual Fund has announced the appointment of Mr. Manav Ravi Shah as Research Analyst with effect from July 21, 2025:
Details of Mr. Manav Ravi Shah
Age: 21 years
Designation: Research Analyst
Qualification: Bachelors in Accounts and Finance and CFA Level 1 completed
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Fund House Details & Investment Objective

Date of Incorporation

29 July 2022

Total AUM (Cr)

₹261.98

NJ Arbitrage Fund - Direct (G) is an Arbitrage Fund-oriented fund from the renowned AMC, NJ Mutual Fund. Launched in 29 July 2022, this fund is managed by Viral Shah. With assets under management (AUM) worth ₹261.98 (Cr), as of 3 December 2025, NJ Arbitrage Fund - Direct (G) is categorized as a Arbitrage Fund within its segment. The fund has generated a return of 6.96% since its launch.
The current NAV of NJ Arbitrage Fund - Direct (G) is ₹12.52, as on 3 December 2025. The fund's benchmark index is Nifty 50 Arbitrage TRI. You can invest in NJ Arbitrage Fund - Direct (G) via both lumpsum and SIP modes. The minimum SIP amount in the fund is ₹100 while the minimum lumpsum investment is ₹5,000.

Being an open-ended fund, you can exit the fund anytime subject to applicable exit loads:
The fund has generated 7.19% and undefined% CAGR in the last 3 and 5 years respectively.

The fund aims to provide long-term capital appreciation and growth, by investing in a mix of financial instruments 82.16% in Equity, 15.21% in Debt and 2.63% in cash and cash equivalents.
The top 5 sectors the fund invests in are: 37.75% in Banks, 14.18% in Debt, 7.91% in Petroleum Products, 6.12% in Finance, 5.00% in Metals & Minerals Trading