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NJ Arbitrage Fund Direct Growth
+6.85%
3Y annualised
+0.21% 1D
NAV: 12 Oct '26
₹13.22
Min. for SIP
₹100
Fund size (AUM)
₹234.48 Cr
Expense ratio
1.05%
Rating
2
Return calculator
Monthly investment
₹5,000
| Over the past | Total investment | Would've become | Historic returns | Returns |
|---|---|---|---|---|
| 3 months | ₹15,000 | ₹15,059 | +0.39% | |
| 6 months | ₹30,000 | ₹30,378 | +1.26% | |
| 1 year | ₹60,000 | ₹61,719 | +2.86% | |
| 3 years | ₹1,80,000 | ₹1,97,663 | +9.81% |
Holdings (138)
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| Cash Margin | Unspecified | Cash Margin | 80.70% |
| Kotak Mahindra Bank Ltd | Financial | Equity | 7.11% |
| Reliance Industries Ltd | Energy & Utilities | Equity | 6.48% |
| Vodafone Idea Ltd | Technology | Equity | 6.08% |
| Bharti Airtel Ltd | Technology | Equity | 5.73% |
| HDFC Bank Ltd | Financial | Equity | 5.56% |
| Sun Pharmaceutical Industries Ltd | Healthcare | Equity | 4.20% |
| Others CBLO | Unspecified | CBLO | 4.18% |
| Adani Enterprises Ltd | Materials | Equity | 4.06% |
| ICICI Bank Ltd | Financial | Equity | 3.43% |
| Canara Bank | Financial | Equity | 3.16% |
| GOVERNMENT OF INDIA 36790 364 DAYS TBILL 03DC26 FV RS 100 | Financial | Treasury Bills | 2.61% |
| GOVERNMENT OF INDIA 36665 364 DAYS TBILL 29OT26 FV RS 100 | Financial | Treasury Bills | 2.55% |
| GOVERNMENT OF INDIA 37342 182 DAYS TBILL 08OT26 FV RS 100 | Financial | Treasury Bills | 2.13% |
| Ultratech Cement Ltd | Materials | Equity | 2.08% |
| ITC Ltd | Consumer Staples | Equity | 2.03% |
| Biocon Ltd | Healthcare | Equity | 2.01% |
| Mahindra & Mahindra Ltd | Consumer Discretionary | Equity | 1.86% |
| Adani Power Ltd | Energy & Utilities | Equity | 1.64% |
| Bank Of Baroda | Financial | Equity | 1.61% |
| Bajaj Finance Ltd | Financial | Equity | 1.60% |
| Axis Bank Ltd | Financial | Equity | 1.47% |
| State Bank of India | Financial | Equity | 1.41% |
| SBI Life Insurance Company Ltd | Financial | Equity | 1.38% |
| Tata Steel Ltd | Materials | Equity | 1.30% |
| GOVERNMENT OF INDIA 36573 364 DAYS TBILL 02OT26 FV RS 100 | Financial | Treasury Bills | 1.28% |
| Yes Bank Ltd | Financial | Equity | 1.25% |
| GOVERNMENT OF INDIA 37116 364 DAYS TBILL 25FB27 FV RS 100 | Financial | Treasury Bills | 1.25% |
| GOVERNMENT OF INDIA 37223 364 DAYS TBILL 19MR27 FV RS 100 | Financial | Treasury Bills | 1.25% |
| Steel Authority Of India Ltd | Materials | Equity | 1.20% |
| Eicher Motors Ltd | Consumer Discretionary | Equity | 1.19% |
| Net Receivables | Unspecified | Net Receivables | 0.87% |
| GOVERNMENT OF INDIA 37629 091 DAYS TBILL 01OT26 FV RS 100 | Financial | Treasury Bills | 0.85% |
| Coforge Ltd | Technology | Equity | 0.85% |
| GOVERNMENT OF INDIA 37449 182 DAYS TBILL 19NV26 FV RS 100 | Financial | Treasury Bills | 0.85% |
| Larsen & Toubro Ltd | Industrials | Equity | 0.84% |
| GOVERNMENT OF INDIA 36908 364 DAYS TBILL 07JN27 FV RS 100 | Financial | Treasury Bills | 0.84% |
| Asian Paints Ltd | Materials | Equity | 0.77% |
| Bandhan Bank Ltd | Financial | Equity | 0.77% |
| Ambuja Cements Ltd | Materials | Equity | 0.77% |
| Infosys Ltd | Technology | Equity | 0.70% |
| NTPC Ltd | Energy & Utilities | Equity | 0.68% |
| IDFC First Bank Ltd | Financial | Equity | 0.58% |
| GOI Sec 8.24 15/02/2027 | Entities | GOI Securities | 0.56% |
| Tata Power Company Ltd | Energy & Utilities | Equity | 0.49% |
| Indian Energy Exchange Ltd | Financial | Equity | 0.48% |
| Pidilite Industries Ltd | Materials | Equity | 0.47% |
| LIC Housing Finance Ltd | Financial | Equity | 0.43% |
| Dabur India Ltd | Consumer Staples | Equity | 0.43% |
| Punjab National Bank | Financial | Equity | 0.42% |
| GOVERNMENT OF INDIA 37177 364 DAYS TBILL 04MR27 FV RS 100 | Financial | Treasury Bills | 0.42% |
| HDFC Life Insurance Co Ltd | Financial | Equity | 0.37% |
| Jio Financial Services Limited | Financial | Equity | 0.35% |
| Tata Motors Ltd | Consumer Discretionary | Equity | 0.33% |
| Divi's Laboratories Ltd | Healthcare | Equity | 0.28% |
| Indus Towers Ltd | Technology | Equity | 0.27% |
| Hindustan Aeronautics Ltd | Industrials | Equity | 0.27% |
| Grasim Industries Ltd | Materials | Equity | 0.26% |
| Crompton Greaves Consumer Electricals Ltd | Consumer Discretionary | Equity | 0.25% |
| United Spirits Ltd | Consumer Staples | Equity | 0.21% |
| Power Grid Corporation of India Ltd | Energy & Utilities | Equity | 0.17% |
| Hindalco Industries Ltd | Materials | Equity | 0.14% |
| Tata Consumer Products Ltd | Consumer Staples | Equity | 0.13% |
| Solar Industries India Ltd | Materials | Equity | 0.13% |
| GMR Airports Infrastructure Ltd | Industrials | Equity | 0.11% |
| Godrej Properties Ltd | Real Estate | Equity | 0.11% |
| One 97 Communications Ltd | Industrials | Equity | 0.10% |
| Interglobe Aviation Ltd | Industrials | Equity | 0.10% |
| Torrent Pharmaceuticals Ltd | Healthcare | Equity | 0.08% |
| Titan Company Ltd | Consumer Discretionary | Equity | 0.07% |
| SBI Cards & Payments Services Ltd | Financial | Equity | 0.04% |
| JSW Steel Ltd | Materials | Equity | 0.04% |
| Shriram Transport Finance Company Ltd | Financial | Equity | 0.03% |
| UPL Ltd | Materials | Equity | 0.03% |
| Crompton Greaves Consumer Electricals Limited November 2026 Future | Consumer Discretionary | Futures | -0.02% |
| Adani Power Limited November 2026 Future | Energy & Utilities | Futures | -0.03% |
| UPL Limited October 2026 Future | Materials | Futures | -0.03% |
| Shriram Finance Limited October 2026 Future | Financial | Futures | -0.03% |
| JSW Steel Limited October 2026 Future | Materials | Futures | -0.04% |
| SBI Cards and Payment Services Limited October 2026 Future | Financial | Futures | -0.04% |
| Titan Company Limited October 2026 Future | Consumer Discretionary | Futures | -0.07% |
| TORRENT PHARMACEUTICALS LTD.-OCT2026 | Healthcare | Futures | -0.08% |
| InterGlobe Aviation Limited October 2026 Future | Industrials | Futures | -0.10% |
| One 97 Communications Limited October 2026 Future | Industrials | Futures | -0.10% |
| GMR Airports Limited October 2026 Future | Industrials | Futures | -0.11% |
| Godrej Properties Limited October 2026 Future | Real Estate | Futures | -0.11% |
| Solar Industries India Limited October 2026 Future | Materials | Futures | -0.13% |
| Tata Consumer Products Limited October 2026 Future | Consumer Staples | Futures | -0.13% |
| Hindalco Industries Limited October 2026 Future | Materials | Futures | -0.14% |
| Power Grid Corporation of India Limited October 2026 Future | Energy & Utilities | Futures | -0.17% |
| United Spirits Limited October 2026 Future | Consumer Staples | Futures | -0.21% |
| Crompton Greaves Consumer Electricals Limited October 2026 Future | Consumer Discretionary | Futures | -0.23% |
| Grasim Industries Limited October 2026 Future | Materials | Futures | -0.26% |
| Hindustan Aeronautics Limited October 2026 Future | Industrials | Futures | -0.27% |
| Indus Towers Limited October 2026 Future | Technology | Futures | -0.27% |
| Divi's Laboratories Limited October 2026 Future | Healthcare | Futures | -0.28% |
| TATA MOTORS PASSENGER VEHICLES LTD.-OCT2026 | Consumer Discretionary | Futures | -0.33% |
| Jio Financial Services Limited October 2026 Future | Financial | Futures | -0.35% |
| HDFC Life Insurance Company Ltd.-OCT2026 | Financial | Futures | -0.37% |
| Punjab National Bank October 2026 Future | Financial | Futures | -0.43% |
| Dabur India Limited October 2026 Future | Consumer Staples | Futures | -0.43% |
| LIC Housing Finance Limited October 2026 Future | Financial | Futures | -0.43% |
| Pidilite Industries Ltd.-OCT2026 | Materials | Futures | -0.47% |
| Indian Energy Exchange Limited October 2026 Future | Financial | Futures | -0.48% |
| Tata Power Company Limited October 2026 Future | Energy & Utilities | Futures | -0.49% |
| IDFC First Bank Limited October 2026 Future | Financial | Futures | -0.58% |
| NTPC Limited October 2026 Future | Energy & Utilities | Futures | -0.68% |
| Infosys Limited October 2026 Future | Technology | Futures | -0.70% |
| Ambuja Cements Limited October 2026 Future | Materials | Futures | -0.77% |
| Asian Paints Limited October 2026 Future | Materials | Futures | -0.77% |
| Bandhan Bank Limited October 2026 Future | Financial | Futures | -0.77% |
| Larsen & Toubro Limited October 2026 Future | Industrials | Futures | -0.84% |
| Coforge Limited October 2026 Future | Technology | Futures | -0.86% |
| Reliance Industries Limited November 2026 Future | Energy & Utilities | Futures | -1.02% |
| HDFC Bank Limited November 2026 Future | Financial | Futures | -1.04% |
| Steel Authority of India Limited October 2026 Future | Materials | Futures | -1.18% |
| Eicher Motors Limited October 2026 Future | Consumer Discretionary | Futures | -1.20% |
| Yes Bank Limited October 2026 Future | Financial | Futures | -1.26% |
| Tata Steel Limited October 2026 Future | Materials | Futures | -1.31% |
| SBI Life Insurance Company Limited October 2026 Future | Financial | Futures | -1.38% |
| State Bank of India October 2026 Future | Financial | Futures | -1.42% |
| Axis Bank Limited October 2026 Future | Financial | Futures | -1.47% |
| Bajaj Finance Limited October 2026 Future | Financial | Futures | -1.61% |
| Adani Power Limited October 2026 Future | Energy & Utilities | Futures | -1.61% |
| Bank of Baroda October 2026 Future | Financial | Futures | -1.63% |
| Mahindra & Mahindra Limited October 2026 Future | Consumer Discretionary | Futures | -1.86% |
| Biocon Limited October 2026 Future | Healthcare | Futures | -2.03% |
| ITC Limited October 2026 Future | Consumer Staples | Futures | -2.04% |
| UltraTech Cement Limited October 2026 Future | Materials | Futures | -2.08% |
| Canara Bank October 2026 Future | Financial | Futures | -3.19% |
| ICICI Bank Limited October 2026 Future | Financial | Futures | -3.45% |
| Adani Enterprises Limited October 2026 Future | Materials | Futures | -4.05% |
| Sun Pharmaceutical Industries Limited October 2026 Future | Healthcare | Futures | -4.24% |
| HDFC Bank Limited October 2026 Future | Financial | Futures | -4.58% |
| Reliance Industries Limited October 2026 Future | Energy & Utilities | Futures | -5.49% |
| Bharti Airtel Limited October 2026 Future | Technology | Futures | -5.76% |
| Vodafone Idea Limited October 2026 Future | Technology | Futures | -6.09% |
| Kotak Mahindra Bank Limited October 2026 Future | Financial | Futures | -7.11% |
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 | +3.1% | +6.5% | +6.8% | +6.9% |
| Category average (Hybrid Arbitrage) | +3.1% | +6.6% | +7.1% | +6.8% |
| Rank (Hybrid Arbitrage) | -- | 30 | 25 | -- |
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) | |
|---|---|---|---|---|
 | +6.89% | +7.49% | 24,539.32 | |
 | +6.98% | +7.48% | 30,395.97 | |
 | +6.95% | +7.26% | 538.53 | |
 | +7.27% | -- | 819.88 | |
 | +7.19% | -- | 3,434.02 | |
| 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 ₹7,339 Cr and the Latest NAV as of 12 Oct 2026 is ₹13.22.
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₹7,338.94 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,