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NJ Arbitrage Fund Direct Growth
+6.90%
3Y annualised
-0.13% 1D
NAV: 02 Sep '26
₹13.13
Min. for SIP
₹100
Fund size (AUM)
₹277.86 Cr
Expense ratio
1.07%
Rating
2
Return calculator
Monthly investment
₹5,000
| Over the past | Total investment | Would've become | Historic returns | Returns |
|---|---|---|---|---|
| 3 months | ₹15,000 | ₹15,043 | +0.29% | |
| 6 months | ₹30,000 | ₹30,361 | +1.20% | |
| 1 year | ₹60,000 | ₹61,704 | +2.84% | |
| 3 years | ₹1,80,000 | ₹1,97,705 | +9.84% |
Holdings (160)
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| Cash Margin | Unspecified | Cash Margin | 80.71% |
| Bharti Airtel Ltd | Technology | Equity | 7.28% |
| Reliance Industries Ltd | Energy & Utilities | Equity | 6.97% |
| Kotak Mahindra Bank Ltd | Financial | Equity | 6.32% |
| Others CBLO | Unspecified | CBLO | 5.99% |
| Vodafone Idea Ltd | Technology | Equity | 5.15% |
| Mahindra & Mahindra Ltd | Consumer Discretionary | Equity | 4.35% |
| Sun Pharmaceutical Industries Ltd | Healthcare | Equity | 3.89% |
| Adani Enterprises Ltd | Materials | Equity | 3.55% |
| ICICI Bank Ltd | Financial | Equity | 3.07% |
| Canara Bank | Financial | Equity | 2.79% |
| HDFC Bank Ltd | Financial | Equity | 2.63% |
| Bajaj Finance Ltd | Financial | Equity | 2.62% |
| GOVERNMENT OF INDIA 36790 364 DAYS TBILL 03DC26 FV RS 100 | Financial | Treasury Bills | 2.18% |
| Biocon Ltd | Healthcare | Equity | 2.18% |
| Net Receivables | Unspecified | Net Receivables | 2.10% |
| Ultratech Cement Ltd | Materials | Equity | 1.91% |
| ITC Ltd | Consumer Staples | Equity | 1.83% |
| GOVERNMENT OF INDIA 37342 182 DAYS TBILL 08OT26 FV RS 100 | Financial | Treasury Bills | 1.78% |
| Adani Power Ltd | Energy & Utilities | Equity | 1.43% |
| Bank Of Baroda | Financial | Equity | 1.43% |
| Larsen & Toubro Ltd | Industrials | Equity | 1.31% |
| SBI Life Insurance Company Ltd | Financial | Equity | 1.30% |
| Titan Company Ltd | Consumer Discretionary | Equity | 1.26% |
| Axis Bank Ltd | Financial | Equity | 1.24% |
| Yes Bank Ltd | Financial | Equity | 1.15% |
| Tata Steel Ltd | Materials | Equity | 1.13% |
| Eicher Motors Ltd | Consumer Discretionary | Equity | 1.10% |
| GOVERNMENT OF INDIA 37115 182 DAYS TBILL 27AG26 FV RS 100 | Financial | Treasury Bills | 1.08% |
| GOVERNMENT OF INDIA 36573 364 DAYS TBILL 02OT26 FV RS 100 | Financial | Treasury Bills | 1.07% |
| GOVERNMENT OF INDIA 36665 364 DAYS TBILL 29OT26 FV RS 100 | Financial | Treasury Bills | 1.07% |
| GOVERNMENT OF INDIA 37116 364 DAYS TBILL 25FB27 FV RS 100 | Financial | Treasury Bills | 1.05% |
| GOVERNMENT OF INDIA 37223 364 DAYS TBILL 19MR27 FV RS 100 | Financial | Treasury Bills | 1.04% |
| Punjab National Bank | Financial | Equity | 1.01% |
| Grasim Industries Ltd | Materials | Equity | 0.95% |
| Steel Authority Of India Ltd | Materials | Equity | 0.94% |
| GOVERNMENT OF INDIA 37448 091 DAYS TBILL 20AG26 FV RS 100 | Financial | Treasury Bills | 0.90% |
| Maruti Suzuki India Ltd | Consumer Discretionary | Equity | 0.85% |
| Adani Transmission Ltd | Energy & Utilities | Equity | 0.76% |
| Ambuja Cements Ltd | Materials | Equity | 0.75% |
| Asian Paints Ltd | Materials | Equity | 0.74% |
| Bandhan Bank Ltd | Financial | Equity | 0.63% |
| NTPC Ltd | Energy & Utilities | Equity | 0.62% |
| Pidilite Industries Ltd | Materials | Equity | 0.61% |
| Dabur India Ltd | Consumer Staples | Equity | 0.59% |
| IDFC First Bank Ltd | Financial | Equity | 0.51% |
| One 97 Communications Ltd | Industrials | Equity | 0.49% |
| Tata Power Company Ltd | Energy & Utilities | Equity | 0.44% |
| GOI Sec 8.24 15/02/2027 | Entities | GOI Securities | 0.36% |
| GOVERNMENT OF INDIA 37087 182 DAYS TBILL 21AG26 FV RS 100 | Financial | Treasury Bills | 0.36% |
| LIC Housing Finance Ltd | Financial | Equity | 0.36% |
| GOVERNMENT OF INDIA 37177 364 DAYS TBILL 04MR27 FV RS 100 | Financial | Treasury Bills | 0.35% |
| Jio Financial Services Limited | Financial | Equity | 0.35% |
| Tata Motors Ltd | Consumer Discretionary | Equity | 0.33% |
| HDFC Life Insurance Co Ltd | Financial | Equity | 0.33% |
| Divi's Laboratories Ltd | Healthcare | Equity | 0.29% |
| Laurus Labs Ltd | Healthcare | Equity | 0.28% |
| Indian Energy Exchange Ltd | Financial | Equity | 0.27% |
| Crompton Greaves Consumer Electricals Ltd | Consumer Discretionary | Equity | 0.26% |
| 01010 GOI 2026 10.18 FV RS 100 | Entities | GOI Securities | 0.25% |
| Indus Towers Ltd | Technology | Equity | 0.24% |
| Hindustan Aeronautics Ltd | Industrials | Equity | 0.23% |
| State Bank of India | Financial | Equity | 0.22% |
| United Spirits Ltd | Consumer Staples | Equity | 0.20% |
| Power Grid Corporation of India Ltd | Energy & Utilities | Equity | 0.16% |
| Tata Consumer Products Ltd | Consumer Staples | Equity | 0.13% |
| Godrej Properties Ltd | Real Estate | Equity | 0.12% |
| Hindalco Industries Ltd | Materials | Equity | 0.12% |
| GMR Airports Infrastructure Ltd | Industrials | Equity | 0.11% |
| Indusind Bank Ltd | Financial | Equity | 0.10% |
| Solar Industries India Ltd | Materials | Equity | 0.10% |
| Interglobe Aviation Ltd | Industrials | Equity | 0.08% |
| DLF Ltd | Real Estate | Equity | 0.07% |
| CG Power & Industrial Solutions Ltd | Industrials | Equity | 0.05% |
| Zomato Ltd | Technology | Equity | 0.05% |
| Bajaj Finserv Ltd | Financial | Equity | 0.04% |
| Max Healthcare Institute Ltd | Healthcare | Equity | 0.04% |
| Oracle Financial Services Software Ltd | Technology | Equity | 0.04% |
| Coal India Ltd | Materials | Equity | 0.04% |
| JSW Steel Ltd | Materials | Equity | 0.03% |
| UPL Ltd | Materials | Equity | 0.03% |
| Tata Steel Limited September 2026 Future | Materials | Futures | -0.02% |
| Tata Motors Passenger Vehicles Limited August 2026 Future | Consumer Discretionary | Futures | -0.02% |
| UPL Limited August 2026 Future | Materials | Futures | -0.03% |
| JSW Steel Limited August 2026 Future | Materials | Futures | -0.03% |
| Oracle Financial Services Software Limited August 2026 Future | Technology | Futures | -0.04% |
| Coal India Limited August 2026 Future | Materials | Futures | -0.04% |
| Max Healthcare Institute Limited August 2026 Future | Healthcare | Futures | -0.04% |
| Bajaj Finserv Ltd AUG-2026 | Financial | Futures | -0.04% |
| CG Power and Industrial Solutions Limited August 2026 Future | Industrials | Futures | -0.05% |
| ETERNAL LIMITED-SEP2026 | Technology | Futures | -0.05% |
| DLF Limited August 2026 Future | Real Estate | Futures | -0.07% |
| InterGlobe Aviation Limited September 2026 Future | Industrials | Futures | -0.08% |
| Dabur India Limited September 2026 Future | Consumer Staples | Futures | -0.10% |
| Solar Industries India Limited August 2026 Future | Materials | Futures | -0.10% |
| IndusInd Bank Limited August 2026 Future | Financial | Futures | -0.10% |
| GMR Airports Limited August 2026 Future | Industrials | Futures | -0.11% |
| Godrej Properties Limited August 2026 Future | Real Estate | Futures | -0.12% |
| Hindalco Industries Limited September 2026 Future | Materials | Futures | -0.12% |
| Tata Consumer Products Limited September 2026 Future | Consumer Staples | Futures | -0.13% |
| Bank of Baroda September 2026 Future | Financial | Futures | -0.15% |
| Power Grid Corporation of India Limited August 2026 Future | Energy & Utilities | Futures | -0.16% |
| United Spirits Limited August 2026 Future | Consumer Staples | Futures | -0.20% |
| State Bank of India September 2026 Future | Financial | Futures | -0.22% |
| Hindustan Aeronautics Limited August 2026 Future | Industrials | Futures | -0.23% |
| Indus Towers Limited August 2026 Future | Technology | Futures | -0.24% |
| Crompton Greaves Consumer Electricals Limited August 2026 Future | Consumer Discretionary | Futures | -0.26% |
| Indian Energy Exchange Limited August 2026 Future | Financial | Futures | -0.27% |
| Laurus Labs Limited August 2026 Future | Healthcare | Futures | -0.28% |
| Divi's Laboratories Limited August 2026 Future | Healthcare | Futures | -0.29% |
| TATA MOTORS PASSENGER VEHICLES LTD.-SEP2026 | Consumer Discretionary | Futures | -0.32% |
| HDFC Life Insurance Company Limited August 2026 Future | Financial | Futures | -0.33% |
| Jio Financial Services Limited August 2026 Future | Financial | Futures | -0.35% |
| LIC Housing Finance Limited August 2026 Future | Financial | Futures | -0.35% |
| Tata Power Company Limited August 2026 Future | Energy & Utilities | Futures | -0.44% |
| Reliance Industries Limited September 2026 Future | Energy & Utilities | Futures | -0.47% |
| One 97 Communications Limited August 2026 Future | Industrials | Futures | -0.49% |
| Mahindra & Mahindra Limited September 2026 Future | Consumer Discretionary | Futures | -0.49% |
| Dabur India Limited August 2026 Future | Consumer Staples | Futures | -0.49% |
| IDFC First Bank Limited August 2026 Future | Financial | Futures | -0.51% |
| Bajaj Finance Limited September 2026 Future | Financial | Futures | -0.56% |
| Larsen & Toubro Limited August 2026 Future | Industrials | Futures | -0.57% |
| Pidilite Industries Limited August 2026 Future | Materials | Futures | -0.61% |
| Axis Bank Limited September 2026 Future | Financial | Futures | -0.61% |
| NTPC Limited August 2026 Future | Energy & Utilities | Futures | -0.62% |
| Bandhan Bank Limited August 2026 Future | Financial | Futures | -0.63% |
| Axis Bank Limited August 2026 Future | Financial | Futures | -0.64% |
| Asian Paints Limited September 2026 Future | Materials | Futures | -0.75% |
| Ambuja Cements Limited August 2026 Future | Materials | Futures | -0.75% |
| Larsen & Toubro Limited September 2026 Future | Industrials | Futures | -0.75% |
| Adani Energy Solutions Limited August 2026 Future | Energy & Utilities | Futures | -0.76% |
| ITC Limited August 2026 Future | Consumer Staples | Futures | -0.79% |
| Maruti Suzuki India Limited August 2026 Future | Consumer Discretionary | Futures | -0.84% |
| ICICI Bank Limited September 2026 Future | Financial | Futures | -0.91% |
| Steel Authority of India Limited August 2026 Future | Materials | Futures | -0.95% |
| Grasim Industries Limited August 2026 Future | Materials | Futures | -0.95% |
| Punjab National Bank August 2026 Future | Financial | Futures | -1.01% |
| ITC Limited September 2026 Future | Consumer Staples | Futures | -1.06% |
| Eicher Motors Limited August 2026 Future | Consumer Discretionary | Futures | -1.10% |
| Tata Steel Limited August 2026 Future | Materials | Futures | -1.11% |
| Yes Bank Limited August 2026 Future | Financial | Futures | -1.15% |
| Canara Bank September 2026 Future | Financial | Futures | -1.26% |
| Titan Company Limited August 2026 Future | Consumer Discretionary | Futures | -1.26% |
| Bank of Baroda August 2026 Future | Financial | Futures | -1.28% |
| SBI Life Insurance Company Limited August 2026 Future | Financial | Futures | -1.30% |
| Adani Power Limited August 2026 Future | Energy & Utilities | Futures | -1.44% |
| Kotak Mahindra Bank Limited August 2026 Future | Financial | Futures | -1.52% |
| Canara Bank August 2026 Future | Financial | Futures | -1.55% |
| UltraTech Cement Limited August 2026 Future | Materials | Futures | -1.91% |
| Bajaj Finance Limited August 2026 Future | Financial | Futures | -2.07% |
| ICICI Bank Limited August 2026 Future | Financial | Futures | -2.16% |
| Biocon Limited August 2026 Future | Healthcare | Futures | -2.19% |
| HDFC Bank Limited August 2026 Future | Financial | Futures | -2.64% |
| Adani Enterprises Limited August 2026 Future | Materials | Futures | -3.57% |
| Mahindra & Mahindra Limited August 2026 Future | Consumer Discretionary | Futures | -3.87% |
| Sun Pharmaceutical Industries Limited August 2026 Future | Healthcare | Futures | -3.89% |
| Kotak Mahindra Bank Limited September 2026 Future | Financial | Futures | -4.84% |
| Vodafone Idea Limited August 2026 Future | Technology | Futures | -5.18% |
| Reliance Industries Limited August 2026 Future | Energy & Utilities | Futures | -6.51% |
| Bharti Airtel Limited August 2026 Future | Technology | Futures | -7.30% |
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% | +6.9% | +6.9% |
| Category average (Hybrid Arbitrage) | +2.8% | +6.1% | +6.8% | -- |
| Rank (Hybrid Arbitrage) | -- | 30 | 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) | |
|---|---|---|---|---|
 | +6.82% | +7.56% | 29,629.15 | |
 | +6.76% | +7.56% | 24,724.74 | |
 | +6.74% | +7.28% | 553.07 | |
 | +7.13% | -- | 1,996.02 | |
 | +7.04% | -- | 3,242.03 | |
| 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 ₹7,107 Cr and the Latest NAV as of 02 Sep 2026 is ₹13.13.
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₹7,106.57 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,