
NJ Arbitrage Fund Direct Growth
NJ Arbitrage Fund Direct Growth is a Hybrid mutual fund scheme launched on 01 Aug 2022. The current NAV stands at ₹13.2821 as of 02 Nov 2026. From the funds total AUM, its top holdings include Cash Offset For Derivatives at 83.93%, Future on BANK Index at 17.44%, Future on Reliance Industries Ltd at 7.27%, Reliance Industries at 7.22%, Future on Bharti Airtel Ltd at 7.16%
Scheme Overview
- Inception Date : 01 Aug 2022
- AUM : ₹234.49 Cr
- 3Y Returns (CAGR) : 6.82%
- Expense Ratio : 1.07%
- Min. SIP : ₹100
- Min. Lumpsum : ₹5,000
Returns Calculator
basis annualised returns
Investment Type
SIP Amount
Investment Period
3Y
₹ 18.95 L
3.50%
₹ 20.40 L
8.00%
₹ 20.02 L
6.82%
Total Investment
₹ 18,00,000
Returns
₹ 2,02,433 (6.82%)
Maturity Value
₹ 20,02,433
Disclaimer: Fixed deposits offer guaranteed returns. Mutual fund investments carry market risks; read all scheme-related documents carefully. Past performance does not guarantee future returns.
Direct vs Regular Returns
Sorry, No Data Available at this Moment!
Returns vs Category
Sorry, No Data Available at this Moment!
*The above returns are absolute
Returns Vs Nifty 50
Historical Returns
Sorry, No Data Available at this Moment!
Start SIP with as Low as ₹100.
Historical NAV
Sorry, No Data Available at this Moment!
Asset Allocation
AUM
₹ 234.49 Cr
Cash Holding
-
Equity
-
Cash
-
Debt
-
Other
-
Asset Allocation
AUM
₹234.49 Cr
Cash Holding
-
Equity
-
Cash
-
Debt
-
Other
-
Sector Holdings
as of 31 May 2026
| Sectors | Allocation | Weightage | Value (in Cr.) |
|---|---|---|---|
| Financial Services | 29.20% | ||
| Other | 16.85% | ||
| Communication Services | 13.12% | ||
| Energy | 10.78% | ||
| Consumer Cyclical | 10.21% | ||
| Basic Materials | 6.51% | ||
| Healthcare | 6.11% | ||
| Utilities | 2.87% | ||
| Industrials | 2.03% | ||
| Consumer Defensive | 1.76% | ||
| Technology | 0.42% | ||
| Real Estate | 0.14% |
Stock Holdings
as of 31 May 2026
| Name | Allocation | Weightage |
|---|---|---|
![]() C Cash Offset For Derivatives | 83.93% | |
![]() F Future on BANK Index | 17.44% | |
![]() F Future on Reliance Industries Ltd | 7.27% | |
![]() R Reliance Industries | 7.22% | |
![]() F Future on Bharti Airtel Ltd | 7.16% | |
![]() B Bharti Airtel | 7.09% | |
![]() K Kotak Bank | 6.39% | |
![]() F Future on Vodafone Idea Ltd | 5.76% | |
![]() V Vodafone Idea | 5.69% | |
![]() F Future on Sammaan Capital Ltd | 4.87% | |
![]() S Sammaan Capital | 4.81% | |
![]() I ICICI Bank | 4.06% | |
![]() F Future on Mahindra & Mahindra Ltd | 4.05% | |
![]() M Mahindra & Mahindra | 4.01% | |
![]() F Future on Sun Pharmaceuticals Industries Ltd | 3.65% | |
![]() S Sun Pharmaceutical | 3.61% | |
![]() F Future on Adani Enterprises Ltd | 3.59% | |
![]() A Adani Enterprises | 3.55% | |
![]() H HDFC Bank | 3.40% | |
![]() N Net Receivables / (Payables) | 3.19% | |
![]() F Future on Biocon Ltd | 2.28% | |
![]() B Biocon | 2.26% | |
![]() G GOI TBILL 364D-03/12/26 | 2.22% | |
![]() F Future on Eicher Motors Ltd | 1.96% | |
![]() C Clearing Corporation Of India Ltd | 1.96% | |
![]() E Eicher Motors | 1.94% | |
![]() G GOI TBILL 182D-08/10/26 | 1.81% | |
![]() F Future on Bank of Baroda | 1.79% | |
![]() B Bank of Baroda | 1.77% | |
![]() F Future on Adani Power Ltd | 1.71% | |
![]() F Future on Bajaj Finance Ltd | 1.70% | |
![]() A Adani Power | 1.69% | |
![]() B Bajaj Finance | 1.69% | |
![]() E Eternal | 1.50% | |
![]() E Eternal Limited June 2026 Future | 1.50% | |
![]() F Future on UltraTech Cement Ltd | 1.46% | |
![]() U UltraTech Cement | 1.44% | |
![]() F Future on Larsen & Toubro Ltd | 1.41% | |
![]() L Larsen & Toubro | 1.40% | |
![]() S SBI Life Future June 26 | 1.31% | |
![]() S SBI Life Insurance | 1.29% | |
![]() Y Yes Bank | 1.20% | |
![]() F Future on Steel Authority Of India Ltd | 1.18% | |
![]() S Steel Authority of India | 1.17% | |
![]() G GOI TBILL 91D-30/07/26 | 1.10% | |
![]() G GOI TBILL 182D-27/08/26 | 1.09% | |
![]() T Titan Company Limited June 2026 Future | 1.09% | |
![]() G GOI TBILL 364D-02/10/26 | 1.09% | |
![]() T Titan | 1.08% | |
![]() G GOI TBILL 364D-25/02/27 | 1.06% | |
![]() G GOI TBILL 364D-19/03/27 | 1.06% | |
![]() F Future on Grasim Industries Ltd | 0.99% | |
![]() G Grasim Industries | 0.98% | |
![]() P Punjab National Bank Future June 26 | 0.98% | |
![]() T Tata Steel | 0.97% | |
![]() P Punjab National Bank | 0.97% | |
![]() F Future on Tata Steel Ltd | 0.97% | |
![]() 0 09/07/2026 Maturing 364 DTB | 0.92% | |
![]() B Bandhan Bank | 0.91% | |
![]() F Future on ITC | 0.82% | |
![]() I ITC | 0.81% | |
![]() F Future on Maruti Suzuki India Ltd | 0.81% | |
![]() M Maruti Suzuki | 0.80% | |
![]() N NMDC | 0.79% | |
![]() F Future on Ambuja Cements Ltd | 0.79% | |
![]() A Ambuja Cements | 0.78% | |
![]() F Future on NMDC Steel Ltd | 0.78% | |
![]() A Axis Bank | 0.68% | |
![]() F Future on Exide Industries Ltd | 0.57% | |
![]() E Exide Industries | 0.57% | |
![]() F Future on Dabur India Ltd | 0.54% | |
![]() D Dabur India | 0.53% | |
![]() N NTPC Future June 26 | 0.52% | |
![]() N NTPC | 0.51% | |
![]() F Future on Tata Power Co Ltd | 0.50% | |
![]() T Tata Power | 0.50% | |
![]() I IDFC First Bank | 0.44% | |
![]() F Future on Hindustan Aeronautics Ltd Ordinary Shares | 0.43% | |
![]() H Hindustan Aeronautics | 0.43% | |
![]() F Future on One97 Communications Ltd | 0.42% | |
![]() O One 97 Communications | 0.42% | |
![]() F Future on United Spirits Ltd | 0.42% | |
![]() U United Spirits | 0.41% | |
![]() F Future on LIC Housing Finance Ltd | 0.38% | |
![]() G GOI LOAN 8.24%2027 | 0.38% | |
![]() L LIC Housing Finance | 0.37% | |
![]() G GOI TBILL 182D-21/08/26 | 0.36% | |
![]() H HDFC Life Insurance | 0.36% | |
![]() G GOI TBILL 364D-04/03/27 | 0.35% | |
![]() H HDFC Life Future June 26 | 0.34% | |
![]() I Indus Towers Limited June 2026 Future | 0.34% | |
![]() F Future on Jio Financial Services Ltd | 0.33% | |
![]() I Indus Towers | 0.33% | |
![]() J Jio Financial Services | 0.33% | |
![]() F Future on Crompton Greaves Consumer Electricals Ltd | 0.28% | |
![]() C Crompton Greaves | 0.28% | |
![]() C Cenergy Holdings SA Future June 26 | 0.27% | |
![]() I Indian Energy Exchange | 0.27% | |
![]() G GOI LOAN 10.18% 2026 | 0.26% | |
![]() F Future on Laurus Labs Ltd | 0.22% | |
![]() L Laurus Labs | 0.21% | |
![]() F Future on Power Grid Corp Of India Ltd | 0.17% | |
![]() P Power Grid Corporation of India | 0.16% | |
![]() F Future on Asian Paints Ltd | 0.12% | |
![]() A Asian Paints | 0.12% | |
![]() R RBL Bank | 0.12% | |
![]() F Future on GMR Airports Ltd | 0.10% | |
![]() G GMR Airports | 0.10% | |
![]() F Future on Solar Industries India Ltd | 0.10% | |
![]() S Solar Industries | 0.10% | |
![]() I Indusind Bank | 0.09% | |
![]() F Future on Godrej Properties Ltd | 0.09% | |
![]() G Godrej Properties | 0.09% | |
![]() F Future on Pidilite Industries Ltd | 0.08% | |
![]() P Pidilite Industries | 0.08% | |
![]() F Future on Bharat Electronics Ltd | 0.07% | |
![]() B Bharat Electronics | 0.06% | |
![]() F Future on DLF Ltd | 0.05% | |
![]() D DLF | 0.05% | |
![]() F Future on Bharat Heavy Electricals Ltd | 0.04% | |
![]() B Bharat Heavy Electricals | 0.04% | |
![]() F Future on Max Healthcare Institute Ltd Ordinary Shares | 0.04% | |
![]() M Max Healthcare Institute | 0.04% | |
![]() F Future on Bajaj Finserv Ltd | 0.03% | |
![]() B Bajaj Finserv | 0.03% | |
![]() U UPL Future June 26 | 0.03% | |
![]() U UPL | 0.03% | |
![]() F Future on JSW Steel Ltd | 0.03% | |
![]() J JSW Steel | 0.03% | |
![]() F Future on Hero MotoCorp Ltd | 0.03% | |
![]() H Hero Motocorp | 0.03% | |
![]() H HDFC Life Future July 26 | 0.02% | |
![]() E Eternal Limited July 2026 Future | 0.02% | |
![]() N Nmdc Limited July 2026 Future | 0.02% | |
![]() F Future on Tata Motors | 0.01% | |
![]() T Tata Motors Passenger Vehicles | 0.01% | |
![]() G GAIL | 0.00% | |
![]() T Tbill | 0.00% | |
![]() T Tbill | 0.00% | |
![]() H Hindustan Unilever | 0.00% | |
![]() C Cipla | 0.00% | |
![]() M MCX | 0.00% |
Fund Comparison
Fund Details
52W High NAV
₹ 13.2544
Min. SIP Amount
₹ 100.00
Min. Lumpsum Amount
₹ 5,000.00
AUM (in Cr.)
₹ 234.49
Expense Ratio
1.07%
Lock-in Period
No Lock in Period
52W Low NAV
₹ 12.4609
Inception Date
01 Aug 2022
Fund Age
4 Yrs
Benchmark
Nifty 50 Arbitrage Index
Scheme Type
Open Ended
Stamp Duty
0.005% (from July 1st 2020)
Exit Load
- No charges for withdrawal
Tax Implication
- If you redeem within 1 year, STCG are taxed at 20%; If you redeem after 1 year, and returns exceed ₹1.25 Lakhs in a financial year, LTCG are taxed at 12.5%
Fund Managers
| Name | Qualification |
|---|---|
| Dhaval Patel | MBA (Finance), B.E (Electronics & Communication) |
| Viral Shah | Chartered Accountant Accountant, PGDM - Finance, SPJIMR |
| Jaimin llavia | M.Com, CFA |
Fund Objective
The investment objective of the scheme is to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivatives segment of the equity market and by investing the balance in debt and money market instruments. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.
Risk-O-Meter
Investors understand that their principal will be at
Low Risk
Risk Scale
Low
Moderately Low
Moderate
Moderately High
High
Very High
AMC Information
NJ Mutual Fund
No. of Schemes
7
Total AUM
₹ 7,338.94 Cr
Contact Details
Unit No. 101A, 1st Floor,Hallmark Business Plaza,Bandra East Mumbai - 400051
Contact Details
Unit No. 101A, 1st Floor,Hallmark Business Plaza,Bandra East Mumbai - 400051
FAQs
When was NJ Arbitrage Fund launched?
What is the current NAV of NJ Arbitrage Fund?
What is the AUM of NJ Arbitrage Fund?
What is the rate of return of NJ Arbitrage Fund?
- In the past 1Y: 6.46%
- In the past 3Y: 6.82%
- In the past 5Y: 0.00%
What is the expense ratio of NJ Arbitrage Fund?
What is exit load of NJ Arbitrage Fund?
What is the portfolio of NJ Arbitrage Fund?
- Reliance Industries: 7.22%
- Bharti Airtel: 7.09%
- Kotak Bank: 6.39%
- Vodafone Idea: 5.69%
- Sammaan Capital: 4.81%
Top 3 sectoral holdings include:
- Others: 184.71%
- Financial Services: 29.20%
- Communication Services: 13.12%
How risky is investing in NJ Arbitrage Fund?
Who is the fund manager NJ Arbitrage Fund?
What is the minimum investment required in NJ Arbitrage Fund?
How to invest in NJ Arbitrage Fund directly?
- Open Demat Account on Dhan if you don't have one.
- Analyze the fund performance.
- Invest via SIP or Lumpsum.

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