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Invest in direct mutual funds at zero charges via lump sump investments or SIPs
NJ Arbitrage Fund Direct Growth
+6.98%
3Y annualised
-0.10% 1D
NAV: 22 May '26
₹12.89
Min. for SIP
₹100
Fund size (AUM)
₹263.79 Cr
Expense ratio
4.04%
Rating
2
Return calculator
Monthly investment
₹5,000
| Over the past | Total investment | Would've become | Historic returns | Returns |
|---|---|---|---|---|
| 3 months | ₹15,000 | ₹15,085 | +0.57% | |
| 6 months | ₹30,000 | ₹30,413 | +1.38% | |
| 1 year | ₹60,000 | ₹61,769 | +2.95% | |
| 3 years | ₹1,80,000 | ₹1,98,335 | +10.19% |
Holdings (163)
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| Reliance Industries Ltd. | Energy | Equity | 8.03% |
| Bharti Airtel Ltd. | Communication | Equity | 7.51% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 6.95% |
| Sammaan Capital Ltd. | Financial | Equity | 5.61% |
| Mahindra & Mahindra Ltd. | Automobile | Equity | 4.42% |
| ICICI Bank Ltd. | Financial | Equity | 4.19% |
| HDFC Bank Ltd. | Financial | Equity | 3.78% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | Equity | 3.72% |
| Vodafone Idea Ltd. | Communication | Equity | 3.49% |
| Reserve Bank of India | Financial | T-Bills | 2.27% |
| Adani Enterprises Ltd. | Services | Equity | 2.26% |
| Eicher Motors Ltd. | Automobile | Equity | 1.97% |
| Biocon Ltd. | Healthcare | Equity | 1.94% |
| Reserve Bank of India | Financial | T-Bills | 1.89% |
| Reserve Bank of India | Financial | T-Bills | 1.85% |
| Bajaj Finance Ltd. | Financial | Equity | 1.78% |
| Bank Of Baroda | Financial | Equity | 1.78% |
| Eternal Ltd. | Services | Equity | 1.52% |
| Larsen & Toubro Ltd. | Construction | Equity | 1.41% |
| Ultratech Cement Ltd. | Construction | Equity | 1.38% |
| SBI Life Insurance Company Ltd. | Insurance | Equity | 1.32% |
| Titan Company Ltd. | Consumer Discretionary | Equity | 1.22% |
| Reserve Bank of India | Financial | T-Bills | 1.12% |
| Reserve Bank of India | Financial | T-Bills | 1.12% |
| Reserve Bank of India | Financial | T-Bills | 1.11% |
| Reserve Bank of India | Financial | T-Bills | 1.09% |
| Steel Authority Of India Ltd. | Metals & Mining | Equity | 1.09% |
| Reserve Bank of India | Financial | T-Bills | 1.08% |
| Yes Bank Ltd. | Financial | Equity | 1.06% |
| Tata Steel Ltd. | Metals & Mining | Equity | 1.01% |
| Reserve Bank of India | Financial | T-Bills | 0.95% |
| Reserve Bank of India | Financial | T-Bills | 0.94% |
| ITC Ltd. | Consumer Staples | Equity | 0.92% |
| Grasim Industries Ltd. | Construction | Equity | 0.90% |
| Bandhan Bank Ltd. | Financial | Equity | 0.90% |
| Maruti Suzuki India Ltd. | Automobile | Equity | 0.83% |
| NMDC Ltd. | Metals & Mining | Equity | 0.83% |
| United Spirits Ltd. | Consumer Staples | Equity | 0.80% |
| Ambuja Cements Ltd. | Construction | Equity | 0.80% |
| Punjab National Bank | Financial | Equity | 0.70% |
| Axis Bank Ltd. | Financial | Equity | 0.69% |
| NTPC Ltd. | Energy | Equity | 0.54% |
| Dabur India Ltd. | Consumer Staples | Equity | 0.54% |
| Exide Industries Ltd. | Capital Goods | Equity | 0.54% |
| Tata Power Company Ltd. | Energy | Equity | 0.54% |
| Hindustan Aeronautics Ltd. | Capital Goods | Equity | 0.44% |
| IDFC First Bank Ltd. | Financial | Equity | 0.44% |
| Multi Commodity Exchange Of India Ltd. | Services | Equity | 0.42% |
| One97 Communications Ltd. | Services | Equity | 0.42% |
| LIC Housing Finance Ltd. | Financial | Equity | 0.40% |
| Reserve Bank of India | Financial | T-Bills | 0.37% |
| JIO Financial Services Ltd. | Financial | Equity | 0.35% |
| Indus Towers Ltd. | Communication | Equity | 0.32% |
| Hindustan Unilever Ltd. | Consumer Staples | Equity | 0.28% |
| Crompton Greaves Consumer Electricals Ltd. | Consumer Discretionary | Equity | 0.28% |
| Indian Energy Exchange Ltd. | Services | Equity | 0.27% |
| GOI | Sovereign | GOI Sec | 0.27% |
| Power Grid Corporation Of India Ltd. | Energy | Equity | 0.18% |
| Laurus Labs Ltd. | Healthcare | Equity | 0.18% |
| GAIL (India) Ltd. | Energy | Equity | 0.14% |
| RBL Bank Ltd. | Financial | Equity | 0.12% |
| Asian Paints Ltd. | Chemicals | Equity | 0.12% |
| GMR Airports Ltd. | Construction | Equity | 0.10% |
| Indusind Bank Ltd. | Financial | Equity | 0.10% |
| Godrej Properties Ltd. | Construction | Equity | 0.10% |
| Solar Industries India Ltd. | Chemicals | Equity | 0.09% |
| Pidilite Industries Ltd. | Chemicals | Equity | 0.08% |
| Bharat Electronics Ltd. | Capital Goods | Equity | 0.07% |
| DLF Ltd. | Construction | Equity | 0.06% |
| Max Healthcare Institute Ltd. | Healthcare | Equity | 0.04% |
| Cipla Ltd. | Healthcare | Equity | 0.04% |
| Bharat Heavy Electricals Ltd. | Capital Goods | Equity | 0.04% |
| Bajaj Finserv Ltd. | Financial | Equity | 0.03% |
| UPL Ltd. | Chemicals | Equity | 0.03% |
| JSW Steel Ltd. | Metals & Mining | Equity | 0.03% |
| Hero Motocorp Ltd. | Automobile | Equity | 0.03% |
| HDFC Life Insurance Co Ltd. | Insurance | Equity | 0.02% |
| Tata Motors Passenger Vehicles Ltd. | Automobile | Equity | 0.01% |
| Tata Motors Passenger Vehicles Ltd. | Automobile | Futures | -0.01% |
| Bajaj Finserv Ltd. | Financial | Futures | -0.02% |
| Bajaj Finserv Ltd. | Financial | Futures | -0.02% |
| Godrej Properties Ltd. | Construction | Futures | -0.02% |
| HDFC Life Insurance Co Ltd. | Insurance | Futures | -0.02% |
| Exide Industries Ltd. | Capital Goods | Futures | -0.02% |
| Hero Motocorp Ltd. | Automobile | Futures | -0.03% |
| Bank Of Baroda | Financial | Futures | -0.03% |
| One97 Communications Ltd. | Services | Futures | -0.03% |
| JSW Steel Ltd. | Metals & Mining | Futures | -0.03% |
| UPL Ltd. | Chemicals | Futures | -0.03% |
| Bharat Heavy Electricals Ltd. | Capital Goods | Futures | -0.04% |
| Cipla Ltd. | Healthcare | Futures | -0.04% |
| Max Healthcare Institute Ltd. | Healthcare | Futures | -0.04% |
| NTPC Ltd. | Energy | Futures | -0.05% |
| NMDC Ltd. | Metals & Mining | Futures | -0.05% |
| DLF Ltd. | Construction | Futures | -0.06% |
| Bharat Electronics Ltd. | Capital Goods | Futures | -0.07% |
| Godrej Properties Ltd. | Construction | Futures | -0.08% |
| SBI Life Insurance Company Ltd. | Insurance | Futures | -0.08% |
| Pidilite Industries Ltd. | Chemicals | Futures | -0.08% |
| Solar Industries India Ltd. | Chemicals | Futures | -0.09% |
| Indusind Bank Ltd. | Financial | Futures | -0.10% |
| GMR Airports Ltd. | Construction | Futures | -0.10% |
| Asian Paints Ltd. | Chemicals | Futures | -0.12% |
| RBL Bank Ltd. | Financial | Futures | -0.12% |
| JIO Financial Services Ltd. | Financial | Futures | -0.13% |
| GAIL (India) Ltd. | Energy | Futures | -0.14% |
| Grasim Industries Ltd. | Construction | Futures | -0.16% |
| Bandhan Bank Ltd. | Financial | Futures | -0.17% |
| Laurus Labs Ltd. | Healthcare | Futures | -0.18% |
| Power Grid Corporation Of India Ltd. | Energy | Futures | -0.19% |
| JIO Financial Services Ltd. | Financial | Futures | -0.22% |
| Indian Energy Exchange Ltd. | Services | Futures | -0.26% |
| Kotak Mahindra Bank Ltd. | Financial | Futures | -0.26% |
| Crompton Greaves Consumer Electricals Ltd. | Consumer Discretionary | Futures | -0.28% |
| Hindustan Unilever Ltd. | Consumer Staples | Futures | -0.28% |
| Indus Towers Ltd. | Communication | Futures | -0.32% |
| Maruti Suzuki India Ltd. | Automobile | Futures | -0.38% |
| Eternal Ltd. | Services | Futures | -0.39% |
| One97 Communications Ltd. | Services | Futures | -0.39% |
| LIC Housing Finance Ltd. | Financial | Futures | -0.40% |
| Multi Commodity Exchange Of India Ltd. | Services | Futures | -0.42% |
| IDFC First Bank Ltd. | Financial | Futures | -0.44% |
| Hindustan Aeronautics Ltd. | Capital Goods | Futures | -0.45% |
| Maruti Suzuki India Ltd. | Automobile | Futures | -0.46% |
| ICICI Bank Ltd. | Financial | Futures | -0.47% |
| Vodafone Idea Ltd. | Communication | Futures | -0.48% |
| NTPC Ltd. | Energy | Futures | -0.50% |
| Exide Industries Ltd. | Capital Goods | Futures | -0.52% |
| Tata Power Company Ltd. | Energy | Futures | -0.54% |
| Dabur India Ltd. | Consumer Staples | Futures | -0.55% |
| Axis Bank Ltd. | Financial | Futures | -0.70% |
| Punjab National Bank | Financial | Futures | -0.70% |
| Bandhan Bank Ltd. | Financial | Futures | -0.74% |
| Grasim Industries Ltd. | Construction | Futures | -0.75% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | Futures | -0.77% |
| NMDC Ltd. | Metals & Mining | Futures | -0.79% |
| Ambuja Cements Ltd. | Construction | Futures | -0.80% |
| United Spirits Ltd. | Consumer Staples | Futures | -0.81% |
| ITC Ltd. | Consumer Staples | Futures | -0.92% |
| Tata Steel Ltd. | Metals & Mining | Futures | -1.02% |
| Yes Bank Ltd. | Financial | Futures | -1.06% |
| Reliance Industries Ltd. | Energy | Futures | -1.07% |
| Steel Authority Of India Ltd. | Metals & Mining | Futures | -1.09% |
| Eternal Ltd. | Services | Futures | -1.14% |
| Bharti Airtel Ltd. | Communication | Futures | -1.17% |
| Titan Company Ltd. | Consumer Discretionary | Futures | -1.23% |
| SBI Life Insurance Company Ltd. | Insurance | Futures | -1.25% |
| Ultratech Cement Ltd. | Construction | Futures | -1.40% |
| Larsen & Toubro Ltd. | Construction | Futures | -1.42% |
| Bank Of Baroda | Financial | Futures | -1.76% |
| Bajaj Finance Ltd. | Financial | Futures | -1.80% |
| Biocon Ltd. | Healthcare | Futures | -1.95% |
| Eicher Motors Ltd. | Automobile | Futures | -1.99% |
| Adani Enterprises Ltd. | Services | Futures | -2.27% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | Futures | -2.98% |
| Vodafone Idea Ltd. | Communication | Futures | -3.03% |
| ICICI Bank Ltd. | Financial | Futures | -3.74% |
| HDFC Bank Ltd. | Financial | Futures | -3.80% |
| Mahindra & Mahindra Ltd. | Automobile | Futures | -4.44% |
| Sammaan Capital Ltd. | Financial | Futures | -5.65% |
| Bharti Airtel Ltd. | Communication | Futures | -6.39% |
| Kotak Mahindra Bank Ltd. | Financial | Futures | -6.73% |
| Reliance Industries Ltd. | Energy | Futures | -6.99% |
See All
Minimum investments
Min. for 1st investment
₹5,000
Min. for 2nd investment
₹500
Min. for SIP
₹100
Returns and rankings
Annualised returns
Absolute returns
| Name | 6M | 1Y | 3Y | All |
|---|---|---|---|---|
| Fund returns | +3.0% | +6.2% | +7.0% | +6.9% |
| Category average (Hybrid Arbitrage) | +2.8% | +6.1% | +6.8% | -- |
| Rank (Hybrid Arbitrage) | -- | 28 | 23 | -- |
Exit load, stamp duty and tax
Exit load
Nil
Stamp duty on investment: 0.005% (from July 1st, 2020)
from July 1st 2020
Tax implication
If you redeem within one year, returns are taxed at 20%. If you redeem after one year, returns exceeding Rs 1.25 lakh in a financial year are taxed at 12.5%.
Check past data
Compare similar funds
| Name | 1Y | 3Y | Fund Size(Cr) | |
|---|---|---|---|---|
Invesco India Arbitrage Fund Direct Growth | +6.61% | +7.60% | 27,320.70 | |
Tata Arbitrage Fund Direct Growth | +6.58% | +7.60% | 21,823.93 | |
Aditya Birla Sun Life Arbitrage Fund Direct Growth | +6.47% | +7.54% | 25,678.50 | |
SBI Arbitrage Opportunities Fund Direct Growth | +6.47% | +7.48% | 42,847.28 | |
Bandhan Arbitrage Fund Direct Growth | +6.25% | +7.44% | 7,895.29 | |
| Compare | ||||
Fund management
DPDhaval PatelMar 2023 - PresentView details
DP
Dhaval Patel
Mar 2023 - Present
View details
VSViral ShahDec 2024 - PresentView details
VS
Viral Shah
Dec 2024 - Present
View details
About NJ Arbitrage Fund Direct Growth
NJ Arbitrage Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by NJ Mutual Fund. This scheme was made available to investors on 20 Apr 2021. Dhaval Patel is the Current Fund Manager of NJ Arbitrage Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹6,920 Cr and the Latest NAV as of 22 May 2026 is ₹12.89.
The NJ Arbitrage Fund Direct Growth is rated Low risk. Minimum SIP Investment is set to ₹100. Minimum Lumpsum Investment is ₹5,000.
;
Investment Objective
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 benchmarkNIFTY 50 Arbitrage Total Return Index
Fund house
Rank (total assets)--
Total AUM₹6,919.75 Cr
Date of Incorporation20 Apr 2021
Launch Date20 Apr 2021
AddressUnit No. 101A, 1st Floor,Hallmark Business Plaza,Bandra (East), Mumbai 400051
Websitewww.karvymfs.com
AddressKarvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,