March 26, 2026
RA Jainee
NJ Flexi Cap Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 12.29 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 12.29 |
| Min. Investment (Rs.) | 500 |
| Min. SIP Investment (Rs.) | 100 |
| Min. No of Cheques | 6 |
| Benchmark | NIFTY 500 TRI |
| AUM Rs. | 2,494 Cr |
| (As on 28-Feb-2026) | |
| Expense | 0.49% |
| 1 Year Return (%) | -5.10 |
| 3 Year Return (%) | — |
| 5 Year Return (%) | — |
| 10 Year Return (%) | — |
| Return Since Launch | 8.42% |
⚖️ Sahifund Review – NJ Flexi Cap Fund ✔
PLUS: Stability, track record, cost efficiency
✓ Low expense ratio of 0.49% is a strong positive and gives the fund a cost edge over many active peers.
✓ Since launch, the fund has delivered positive absolute return, showing it has at least handled a difficult market phase reasonably.
✓ Portfolio of 51 stocks offers decent diversification without becoming too cluttered.
✓ Allocation across large, mid and small caps keeps it relevant for long-term flexi-cap investors.
✓ Low SIP entry of Rs. 100 makes it very accessible for new investors starting disciplined wealth creation.
✓ Backed by NJ Mutual Fund, which is increasingly visible among retail investors.
✓ Suitable as a SIP-oriented diversified equity option for investors who want one fund across market caps.
MINUS: Large AUM, large-cap bias, momentum lag
⚖️ 1-year return of -5.10% is clearly weak and shows recent momentum has been disappointing.
⚖️ Has underperformed category average and established flexi-cap peers on short-term returns.
⚖️ Fund is still relatively young (around 2.5 years), so long-term consistency is not yet proven.
⚖️ Turnover at 60% is fairly high, which suggests active churn and may reduce stability.
⚖️ Portfolio still has a large-cap tilt (~63%), limiting aggressive alpha in broad bull phases.
⚖️ Valuation profile (P/E 26.47, P/B 4.68) looks on the richer side, which can increase downside risk in corrections.
Sahifund View (Decisive Line):
A low-cost emerging flexi-cap option with decent structure — but right now, performance is not strong enough to place it among top-conviction SIP picks.
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
Flexi-cap funds are suitable for investors:
1. Seeking exposure in a diversified set of stocks for high returns
2. Aiming for long-term wealth creation
3. With a 5+ year investment horizon
4. Who are at ease with the market’s ups and downs
Note:
• Invest only through SIP
Fund’s Investment Strategy:
The Scheme is seeks to generate long term capital appreciation by investing in equity and equity related instruments across market capitalizations.
Fund Manager:
1) 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.
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.
Investment Details
| Min. Investment (Rs) | 500 |
| 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 | For units in excess of 5% of the investment, 1% will be charged for redemption within 30 days |
Basic Details of NJ Flexi Cap Fund
| Fund House | NJ Mutual Fund |
| Launch Date | 05-Sep-23 |
| Return Since Launch | 8.42% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | 2,494 Cr |
| (As on 28-Feb-2026) | |
| Expense | 0.49% |
| (As on 28-Feb-2026) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 60.00% |
NJ Flexi Cap Fund Returns
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| NJ Flexi Cap Dir | -11.33 | 1.99 | -8.83 | -11.33 | -12.46 | -5.10 | — | — | — | — |
| BSE 500 TRI | -11.74 | 1.95 | -9.62 | -11.66 | -9.05 | -1.62 | — | — | — | — |
| Equity: Flexi Cap | -10.76 | 2.05 | -9.07 | -11.00 | -9.19 | -1.06 | — | — | — | — |
| Rank within category | 70 | 66 | 37 | 62 | 99 | 86 | — | — | — | — |
| Number of funds in category | 115 | 120 | 117 | 114 | 109 | 97 | 74 | 58 | 45 | 36 |
Peer Comparison of NJ Flexi Cap 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 Flexi Cap Dir | Unrated | -5.10 | — | — | 0.49 | 2,494 | 8.42 | 1.00 (30) | 2Y 6M | 60.00 |
| Parag Parikh Flexi Cap Dir | 5 star | 0.08 | 18.28 | 16.74 | 0.63 | 1,34,253 | 18.35 | 2.00 (365) | 12Y 10M | 15.37 |
| HDFC Flexi Cap Dir | 5 star | 1.07 | 20.02 | 19.40 | 0.70 | 1,00,455 | 15.71 | 1.00 (365) | 13Y 2M | 9.45 |
| SBI Focused Dir | 4 star | 5.66 | 17.57 | 14.24 | 0.73 | 43,311 | 14.89 | 0.25 (30) | 13Y 2M | 33.00 |
| HDFC Focused Dir | 5 star | 0.27 | 19.71 | 20.95 | 0.63 | 27,136 | 14.58 | 1.00 (365) | 13Y 2M | 10.36 |
NJ Flexi Cap Fund Portfolio
| No. of Stocks | 51 |
| Top 10 Stocks | 41.94% |
| Top 5 Stocks | 24.64% |
| Top 3 Sectors | 62.92% |
| Portfolio P/B Ratio | 4.68 |
| Portfolio P/E Ratio | 26.47 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,18,829 | 1,80,281 |
| Giant (%) | — | — |
| Large (%) | 63.14 | 62.49 |
| Mid (%) | 19.47 | 21.89 |
| Small (%) | 17.39 | 15.99 |
| Tiny (%) | — | — |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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