August 21, 2026
mayank
NJ Arbitrage Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 13.10 |
| NAV IDCW (Rs.) | — |
| NAV Bonu (Rs.) | — |
| Min. Investment (Rs.) | 5,000 |
| Min. SIP Investment (Rs.) | 100 |
| Min. No of Cheques | 6 |
| Benchmark | NIFTY 50 Arbitrage TRI |
| AUM Rs. | 278 Cr |
| (As on 31-Jul-2026) | |
| Expense | 0.20% |
| 1 Year Return (%) | 6.33 |
| 3 Year Return (%) | 6.93 |
| 5 Year Return (%) | — |
| 10 Year Return (%) | — |
| Return Since Launch | 6.89% |
Suitable For Which Investors?
Arbitrage funds are suitable for:
1. Parking emergency corpus or idle money for investors in the highest tax bracket
2. Earning slightly higher returns than savings bank account, with low-to-moderate volatility
3. Investment horizon of 3 months to 1 year
Note:
• There is no guarantee of returns
• Not suitable for long-term wealth creation
Fund’s Investment Strategy:
The scheme seeks 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.
Fund Manager:
1) Jaimin Ilavia
Education: M.Com, CFA
Experience: Mr. Jaimin has Experience in dealing and portfolio management across various investment strategies of Portfolio management Services (PMS) segment in NJ AMC.
2) Viral Shah
Education: Mr. Shah has done B.E. and MBA (Finance)
Experience: Mr. Shah has started his career with NJ Group and has been Principal Officer for PMS segment with NJ Asset Management for more than 10 years.
3) Dhaval Patel
Education: Mr. Patel has done IBS from Hyderabad
Experience: Prior to joining NJ Mutual Fund, he has worked with Axis Mutual Fund, Credit Analysis & Research Ltd.
NJ Arbitrage Fund Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of NJ Arbitrage Fund
| Fund House | NJ Mutual Fund |
| Launch Date | 01-Aug-22 |
| Return Since Launch | 6.89% |
| Benchmark | NIFTY 50 Arbitrage TRI |
| Riskometer | Low |
| Type | Open-ended |
| Assets | 278 Cr |
| (As on 31-Jul-2026) | |
| Expense | 0.20% |
| (As on 31-Jul-2026) | |
| Risk Grade | High |
| Return Grade | Average |
| Turnover | 950.00% |
NJ Arbitrage Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| NJ Arbitrage Dir | 4.04 | 0.18 | 0.57 | 1.52 | 2.97 | 6.33 | 6.93 | — | — | — |
| Hybrid: Arbitrage | 4.20 | 0.13 | 0.58 | 1.68 | 3.16 | 6.64 | 7.28 | — | — | — |
| Rank within category | 30 | 3 | 26 | 36 | 33 | 29 | 23 | — | — | — |
| Number of funds in category | 36 | 39 | 39 | 39 | 36 | 32 | 25 | 24 | 21 | 15 |
Peer Comparison of NJ Arbitrage Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| NJ Arbitrage Dir | 1 out of 5 stars | 6.33 | 6.93 | — | 0.20 | 278 | 6.89 | — | 4Y | 950.00 |
| Kotak Arbitrage Dir | 4 out of 5 stars | 6.80 | 7.58 | 6.89 | 0.33 | 74,399 | 7.08 | 0.25 (30) | 13Y 7M | 497.37 |
| Invesco India Arbitrage Dir | 5 out of 5 stars | 6.86 | 7.55 | 6.99 | 0.34 | 29,629 | 6.95 | 0.50 (15) | 13Y 7M | 1664.00 |
| ABSL Arbitrage Dir | 4 out of 5 stars | 6.79 | 7.52 | 6.75 | 0.27 | 26,939 | 6.98 | — | 13Y 7M | 1044.00 |
| Tata Arbitrage Dir | 5 out of 5 stars | 6.82 | 7.58 | 6.80 | 0.26 | 24,725 | 6.56 | 0.25 (15) | 7Y 8M | 284.41 |
NJ Arbitrage Fund Portfolio Analysis
| No. of Stocks | 66 |
| Top 10 Holdings | 46.00% |
| Top 5 Stocks | 30.08% |
| Top 3 Sectors | –% |
| Portfolio P/B Ratio | 2.53 |
| Portfolio P/E Ratio | 16.30 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 3,58,610 | 2,48,586 |
| Large (%) | 89.68 | 76.93 |
| Mid (%) | 8.43 | 18.15 |
| Small (%) | 1.89 | 5.34 |
| Fund | Category | |
| Number of Securities | 157 | 237 |
| Macaulay Duration (yrs) | 0.19 | 0.33 |
| Average Maturity (yrs) | 0.20 | 0.33 |
| Yield to Maturity (%) | 5.30 | 6.12 |
| Avg Credit Rating | GOI/Cash | — |
Note: Mutual fund investments are subject to market risks, read all scheme-related documents carefully.
Apply Online: https://investnow.njmutualfund.com/
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