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NJ Arbitrage Fund Direct Growth
+6.97%
3Y annualised
-0.03% 1D
NAV: 24 Jul '26
₹13.03
Min. for SIP
₹100
Fund size (AUM)
₹272.83 Cr
Expense ratio
1.02%
Rating
1
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 | ₹30,391 | +1.30% | |
| 1 year | ₹60,000 | ₹61,735 | +2.89% | |
| 3 years | ₹1,80,000 | ₹1,97,942 | +9.97% |
Holdings (142)
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| Cash Margin | Unspecified | Cash Margin | 77.70% |
| Reliance Industries Ltd | Energy & Utilities | Equity | 7.02% |
| Bharti Airtel Ltd | Technology | Equity | 6.96% |
| Kotak Mahindra Bank Ltd | Financial | Equity | 6.47% |
| Vodafone Idea Ltd | Technology | Equity | 5.83% |
| Net Receivables | Unspecified | Net Receivables | 5.71% |
| Others CBLO | Unspecified | CBLO | 4.42% |
| Mahindra & Mahindra Ltd | Consumer Discretionary | Equity | 4.00% |
| Sun Pharmaceutical Industries Ltd | Healthcare | Equity | 3.70% |
| Adani Enterprises Ltd | Materials | Equity | 3.64% |
| HDFC Bank Ltd | Financial | Equity | 3.63% |
| ICICI Bank Ltd | Financial | Equity | 3.00% |
| GOVERNMENT OF INDIA 36790 364 DAYS TBILL 03DC26 FV RS 100 | Financial | Treasury Bills | 2.21% |
| Biocon Ltd | Healthcare | Equity | 2.18% |
| Bajaj Finance Ltd | Financial | Equity | 1.85% |
| Ultratech Cement Ltd | Materials | Equity | 1.84% |
| GOVERNMENT OF INDIA 37342 182 DAYS TBILL 08OT26 FV RS 100 | Financial | Treasury Bills | 1.81% |
| Zomato Ltd | Technology | Equity | 1.76% |
| Adani Power Ltd | Energy & Utilities | Equity | 1.54% |
| Bank Of Baroda | Financial | Equity | 1.46% |
| Yes Bank Ltd | Financial | Equity | 1.24% |
| SBI Life Insurance Company Ltd | Financial | Equity | 1.24% |
| Titan Company Ltd | Consumer Discretionary | Equity | 1.16% |
| Tata Steel Ltd | Materials | Equity | 1.12% |
| GOVERNMENT OF INDIA 37410 091 DAYS TBILL 30JL26 FV RS 100 | Financial | Treasury Bills | 1.10% |
| GOVERNMENT OF INDIA 37115 182 DAYS TBILL 27AG26 FV RS 100 | Financial | Treasury Bills | 1.09% |
| GOVERNMENT OF INDIA 36573 364 DAYS TBILL 02OT26 FV RS 100 | Financial | Treasury Bills | 1.08% |
| GOVERNMENT OF INDIA 37116 364 DAYS TBILL 25FB27 FV RS 100 | Financial | Treasury Bills | 1.06% |
| GOVERNMENT OF INDIA 37223 364 DAYS TBILL 19MR27 FV RS 100 | Financial | Treasury Bills | 1.06% |
| Eicher Motors Ltd | Consumer Discretionary | Equity | 1.01% |
| Steel Authority Of India Ltd | Materials | Equity | 0.99% |
| Punjab National Bank | Financial | Equity | 0.97% |
| Grasim Industries Ltd | Materials | Equity | 0.97% |
| 364 Day T-BILL 09 July 2026 | Financial | Treasury Bills | 0.92% |
| GOVERNMENT OF INDIA 37448 091 DAYS TBILL 20AG26 FV RS 100 | Financial | Treasury Bills | 0.91% |
| Maruti Suzuki India Ltd | Consumer Discretionary | Equity | 0.85% |
| ITC Ltd | Consumer Staples | Equity | 0.82% |
| NMDC Ltd | Materials | Equity | 0.76% |
| Bandhan Bank Ltd | Financial | Equity | 0.75% |
| Ambuja Cements Ltd | Materials | Equity | 0.74% |
| Axis Bank Ltd | Financial | Equity | 0.71% |
| Adani Transmission Ltd | Energy & Utilities | Equity | 0.70% |
| NTPC Ltd | Energy & Utilities | Equity | 0.65% |
| Canara Bank | Financial | Equity | 0.62% |
| Pidilite Industries Ltd | Materials | Equity | 0.61% |
| Larsen & Toubro Ltd | Industrials | Equity | 0.61% |
| Exide Industries Ltd | Consumer Discretionary | Equity | 0.56% |
| Dabur India Ltd | Consumer Staples | Equity | 0.50% |
| IDFC First Bank Ltd | Financial | Equity | 0.49% |
| Tata Power Company Ltd | Energy & Utilities | Equity | 0.45% |
| One 97 Communications Ltd | Industrials | Equity | 0.42% |
| LIC Housing Finance Ltd | Financial | Equity | 0.39% |
| GOI Sec 8.24 15/02/2027 | Entities | GOI Securities | 0.37% |
| GOVERNMENT OF INDIA 37087 182 DAYS TBILL 21AG26 FV RS 100 | Financial | Treasury Bills | 0.36% |
| GOVERNMENT OF INDIA 37177 364 DAYS TBILL 04MR27 FV RS 100 | Financial | Treasury Bills | 0.35% |
| HDFC Life Insurance Co Ltd | Financial | Equity | 0.35% |
| Jio Financial Services Limited | Financial | Equity | 0.33% |
| Crompton Greaves Consumer Electricals Ltd | Consumer Discretionary | Equity | 0.28% |
| Indian Energy Exchange Ltd | Financial | Equity | 0.26% |
| 01010 GOI 2026 10.18 FV RS 100 | Entities | GOI Securities | 0.26% |
| Indus Towers Ltd | Technology | Equity | 0.24% |
| Laurus Labs Ltd | Healthcare | Equity | 0.24% |
| Hindustan Aeronautics Ltd | Industrials | Equity | 0.22% |
| United Spirits Ltd | Consumer Staples | Equity | 0.18% |
| Power Grid Corporation of India Ltd | Energy & Utilities | Equity | 0.16% |
| GMR Airports Infrastructure Ltd | Industrials | Equity | 0.11% |
| Godrej Properties Ltd | Real Estate | Equity | 0.11% |
| Solar Industries India Ltd | Materials | Equity | 0.10% |
| Indusind Bank Ltd | Financial | Equity | 0.09% |
| RBL Bank Ltd | Financial | Equity | 0.09% |
| DLF Ltd | Real Estate | Equity | 0.06% |
| Bharat Electronics Ltd | Industrials | Equity | 0.06% |
| Max Healthcare Institute Ltd | Healthcare | Equity | 0.04% |
| Bajaj Finserv Ltd | Financial | Equity | 0.04% |
| JSW Steel Ltd | Materials | Equity | 0.03% |
| UPL Ltd | Materials | Equity | 0.03% |
| Tata Motors Ltd | Consumer Discretionary | Equity | 0.02% |
| TATA MOTORS PASSENGER VEHICLES LTD.-JUL2026 | Consumer Discretionary | Futures | -0.02% |
| UPL Limited July 2026 Future | Materials | Futures | -0.03% |
| JSW Steel Limited July 2026 Future | Materials | Futures | -0.03% |
| Bajaj Finserv Limited July 2026 Future | Financial | Futures | -0.04% |
| Max Healthcare Institute Limited July 2026 Future | Healthcare | Futures | -0.04% |
| Bharat Electronics Limited July 2026 Future | Industrials | Futures | -0.06% |
| DLF Limited July 2026 Future | Real Estate | Futures | -0.07% |
| RBL Bank Limited July 2026 Future | Financial | Futures | -0.09% |
| Bank of Baroda August 2026 Future | Financial | Futures | -0.09% |
| IndusInd Bank Limited July 2026 Future | Financial | Futures | -0.10% |
| Solar Industries India Limited July 2026 Future | Materials | Futures | -0.10% |
| Godrej Properties Limited July 2026 Future | Real Estate | Futures | -0.11% |
| GMR Airports Limited July 2026 Future | Industrials | Futures | -0.12% |
| Power Grid Corporation of India Limited July 2026 Future | Energy & Utilities | Futures | -0.16% |
| United Spirits Limited July 2026 Future | Consumer Staples | Futures | -0.18% |
| Hindustan Aeronautics Limited July 2026 Future | Industrials | Futures | -0.22% |
| Laurus Labs Limited July 2026 Future | Healthcare | Futures | -0.24% |
| Indus Towers Limited July 2026 Future | Technology | Futures | -0.25% |
| Indian Energy Exchange Limited July 2026 Future | Financial | Futures | -0.26% |
| Crompton Greaves Consumer Electricals Limited July 2026 Future | Consumer Discretionary | Futures | -0.28% |
| Tata Steel Limited August 2026 Future | Materials | Futures | -0.33% |
| Jio Financial Services Limited July 2026 Future | Financial | Futures | -0.33% |
| HDFC Life Insurance Company Limited July 2026 Future | Financial | Futures | -0.35% |
| LIC Housing Finance Limited July 2026 Future | Financial | Futures | -0.39% |
| One 97 Communications Limited July 2026 Future | Industrials | Futures | -0.43% |
| Tata Power Company Limited July 2026 Future | Energy & Utilities | Futures | -0.45% |
| IDFC First Bank Limited July 2026 Future | Financial | Futures | -0.49% |
| Dabur India Limited July 2026 Future | Consumer Staples | Futures | -0.50% |
| Exide Industries Limited July 2026 Future | Consumer Discretionary | Futures | -0.56% |
| Vodafone Idea Limited August 2026 Future | Technology | Futures | -0.58% |
| Pidilite Industries Limited July 2026 Future | Materials | Futures | -0.61% |
| Larsen & Toubro Limited July 2026 Future | Industrials | Futures | -0.61% |
| Canara Bank August 2026 Future | Financial | Futures | -0.63% |
| NTPC Limited July 2026 Future | Energy & Utilities | Futures | -0.65% |
| Adani Energy Solutions Limited August 2026 Future | Energy & Utilities | Futures | -0.71% |
| Axis Bank Limited July 2026 Future | Financial | Futures | -0.71% |
| Ambuja Cements Limited July 2026 Future | Materials | Futures | -0.75% |
| Bandhan Bank Limited July 2026 Future | Financial | Futures | -0.76% |
| NMDC Limited July 2026 Future | Materials | Futures | -0.76% |
| Tata Steel Limited July 2026 Future | Materials | Futures | -0.80% |
| ITC Limited July 2026 Future | Consumer Staples | Futures | -0.82% |
| Maruti Suzuki India Limited July 2026 Future | Consumer Discretionary | Futures | -0.86% |
| Grasim Industries Limited July 2026 Future | Materials | Futures | -0.97% |
| Punjab National Bank July 2026 Future | Financial | Futures | -0.98% |
| Steel Authority of India Limited July 2026 Future | Materials | Futures | -0.99% |
| Eicher Motors Limited July 2026 Future | Consumer Discretionary | Futures | -1.01% |
| Titan Company Limited July 2026 Future | Consumer Discretionary | Futures | -1.16% |
| SBI Life Insurance Company Limited July 2026 Future | Financial | Futures | -1.24% |
| Yes Bank Limited July 2026 Future | Financial | Futures | -1.25% |
| Bank of Baroda July 2026 Future | Financial | Futures | -1.38% |
| Adani Power Limited July 2026 Future | Energy & Utilities | Futures | -1.55% |
| Eternal Limited July 2026 Future | Technology | Futures | -1.77% |
| UltraTech Cement Limited July 2026 Future | Materials | Futures | -1.85% |
| Bajaj Finance Limited July 2026 Future | Financial | Futures | -1.86% |
| Biocon Limited July 2026 Future | Healthcare | Futures | -2.20% |
| ICICI Bank Limited July 2026 Future | Financial | Futures | -3.02% |
| Reliance Industries Limited August 2026 Future | Energy & Utilities | Futures | -3.31% |
| HDFC Bank Limited July 2026 Future | Financial | Futures | -3.65% |
| Adani Enterprises Limited July 2026 Future | Materials | Futures | -3.66% |
| Sun Pharmaceutical Industries Limited July 2026 Future | Healthcare | Futures | -3.72% |
| Reliance Industries Limited July 2026 Future | Energy & Utilities | Futures | -3.77% |
| Mahindra & Mahindra Limited July 2026 Future | Consumer Discretionary | Futures | -3.99% |
| Vodafone Idea Limited July 2026 Future | Technology | Futures | -5.29% |
| Kotak Mahindra Bank Limited July 2026 Future | Financial | Futures | -6.51% |
| Bharti Airtel Limited August 2026 Future | Technology | Futures | -6.97% |
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% | +6.3% | +7.0% | +6.9% |
| Category average (Hybrid Arbitrage) | +2.8% | +6.1% | +6.8% | -- |
| Rank (Hybrid Arbitrage) | -- | 29 | 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) | |
|---|---|---|---|---|
 | +6.79% | +7.61% | 28,526.49 | |
 | +6.76% | +7.61% | 24,026.00 | |
 | +6.69% | +7.57% | 26,645.65 | |
 | +6.75% | +7.36% | 649.72 | |
 | +7.11% | -- | 396.49 | |
| 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
JIJaimin IlaviaJun 2026 - PresentView details
JI
Jaimin Ilavia
Jun 2026 - 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 ₹6,940 Cr and the Latest NAV as of 24 Jul 2026 is ₹13.03.
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₹6,939.70 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,