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NJ Arbitrage Fund Direct Growth
+6.84%
3Y annualised
-0.01% 1D
NAV: 22 Sep '26
₹13.15
Min. for SIP
₹100
Fund size (AUM)
₹238.54 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 | ₹15,042 | +0.28% | |
| 6 months | ₹30,000 | ₹30,331 | +1.10% | |
| 1 year | ₹60,000 | ₹61,625 | +2.71% | |
| 3 years | ₹1,80,000 | ₹1,97,412 | +9.67% |
Holdings (177)
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| Cash Margin | Unspecified | Cash Margin | 83.17% |
| Kotak Mahindra Bank Ltd | Financial | Equity | 7.91% |
| Bharti Airtel Ltd | Technology | Equity | 7.00% |
| Reliance Industries Ltd | Energy & Utilities | Equity | 6.85% |
| Vodafone Idea Ltd | Technology | Equity | 6.61% |
| Sun Pharmaceutical Industries Ltd | Healthcare | Equity | 4.51% |
| Adani Enterprises Ltd | Materials | Equity | 3.93% |
| Others CBLO | Unspecified | CBLO | 3.69% |
| Canara Bank | Financial | Equity | 3.30% |
| HDFC Bank Ltd | Financial | Equity | 3.28% |
| ICICI Bank Ltd | Financial | Equity | 2.82% |
| GOVERNMENT OF INDIA 36790 364 DAYS TBILL 03DC26 FV RS 100 | Financial | Treasury Bills | 2.56% |
| Net Receivables | Unspecified | Net Receivables | 2.47% |
| Biocon Ltd | Healthcare | Equity | 2.20% |
| Ultratech Cement Ltd | Materials | Equity | 2.14% |
| GOVERNMENT OF INDIA 37342 182 DAYS TBILL 08OT26 FV RS 100 | Financial | Treasury Bills | 2.09% |
| Mahindra & Mahindra Ltd | Consumer Discretionary | Equity | 2.04% |
| ITC Ltd | Consumer Staples | Equity | 1.94% |
| Bajaj Finance Ltd | Financial | Equity | 1.73% |
| Bank Of Baroda | Financial | Equity | 1.64% |
| Adani Power Ltd | Energy & Utilities | Equity | 1.56% |
| State Bank of India | Financial | Equity | 1.53% |
| Axis Bank Ltd | Financial | Equity | 1.53% |
| SBI Life Insurance Company Ltd | Financial | Equity | 1.40% |
| Yes Bank Ltd | Financial | Equity | 1.34% |
| Eicher Motors Ltd | Consumer Discretionary | Equity | 1.30% |
| Tata Steel Ltd | Materials | Equity | 1.28% |
| Steel Authority Of India Ltd | Materials | Equity | 1.27% |
| GOVERNMENT OF INDIA 36573 364 DAYS TBILL 02OT26 FV RS 100 | Financial | Treasury Bills | 1.25% |
| GOVERNMENT OF INDIA 36665 364 DAYS TBILL 29OT26 FV RS 100 | Financial | Treasury Bills | 1.25% |
| GOVERNMENT OF INDIA 37116 364 DAYS TBILL 25FB27 FV RS 100 | Financial | Treasury Bills | 1.22% |
| GOVERNMENT OF INDIA 37223 364 DAYS TBILL 19MR27 FV RS 100 | Financial | Treasury Bills | 1.22% |
| Larsen & Toubro Ltd | Industrials | Equity | 0.89% |
| GOVERNMENT OF INDIA 37629 091 DAYS TBILL 01OT26 FV RS 100 | Financial | Treasury Bills | 0.83% |
| Asian Paints Ltd | Materials | Equity | 0.83% |
| Ambuja Cements Ltd | Materials | Equity | 0.81% |
| Infosys Ltd | Technology | Equity | 0.78% |
| One 97 Communications Ltd | Industrials | Equity | 0.73% |
| Bandhan Bank Ltd | Financial | Equity | 0.69% |
| NTPC Ltd | Energy & Utilities | Equity | 0.68% |
| Dabur India Ltd | Consumer Staples | Equity | 0.62% |
| IDFC First Bank Ltd | Financial | Equity | 0.60% |
| GOI Sec 8.24 15/02/2027 | Entities | GOI Securities | 0.55% |
| Pidilite Industries Ltd | Materials | Equity | 0.53% |
| Indian Energy Exchange Ltd | Financial | Equity | 0.53% |
| Tata Power Company Ltd | Energy & Utilities | Equity | 0.46% |
| LIC Housing Finance Ltd | Financial | Equity | 0.43% |
| Punjab National Bank | Financial | Equity | 0.42% |
| GOVERNMENT OF INDIA 37177 364 DAYS TBILL 04MR27 FV RS 100 | Financial | Treasury Bills | 0.41% |
| Jio Financial Services Limited | Financial | Equity | 0.38% |
| HDFC Life Insurance Co Ltd | Financial | Equity | 0.38% |
| Tata Motors Ltd | Consumer Discretionary | Equity | 0.35% |
| 01010 GOI 2026 10.18 FV RS 100 | Entities | GOI Securities | 0.29% |
| Grasim Industries Ltd | Materials | Equity | 0.28% |
| Divi's Laboratories Ltd | Healthcare | Equity | 0.28% |
| Indus Towers Ltd | Technology | Equity | 0.28% |
| Crompton Greaves Consumer Electricals Ltd | Consumer Discretionary | Equity | 0.28% |
| Hindustan Aeronautics Ltd | Industrials | Equity | 0.27% |
| United Spirits Ltd | Consumer Staples | Equity | 0.22% |
| Power Grid Corporation of India Ltd | Energy & Utilities | Equity | 0.17% |
| Hindalco Industries Ltd | Materials | Equity | 0.15% |
| Tata Consumer Products Ltd | Consumer Staples | Equity | 0.14% |
| Godrej Properties Ltd | Real Estate | Equity | 0.14% |
| Solar Industries India Ltd | Materials | Equity | 0.13% |
| GMR Airports Infrastructure Ltd | Industrials | Equity | 0.11% |
| Interglobe Aviation Ltd | Industrials | Equity | 0.10% |
| Torrent Pharmaceuticals Ltd | Healthcare | Equity | 0.08% |
| Titan Company Ltd | Consumer Discretionary | Equity | 0.07% |
| CG Power & Industrial Solutions Ltd | Industrials | Equity | 0.07% |
| Max Healthcare Institute Ltd | Healthcare | Equity | 0.05% |
| SBI Cards & Payments Services Ltd | Financial | Equity | 0.04% |
| JSW Steel Ltd | Materials | Equity | 0.04% |
| UPL Ltd | Materials | Equity | 0.03% |
| DLF Ltd | Real Estate | Equity | 0.03% |
| Power Grid Corporation of India Limited October 2026 Future | Energy & Utilities | Futures | -0.02% |
| TATA MOTORS PASSENGER VEHICLES LTD.-OCT2026 | Consumer Discretionary | Futures | -0.02% |
| Crompton Greaves Consumer Electricals Limited November 2026 Future | Consumer Discretionary | Futures | -0.02% |
| United Spirits Limited October 2026 Future | Consumer Staples | Futures | -0.03% |
| DLF Limited September 2026 Future | Real Estate | Futures | -0.03% |
| Indus Towers Limited October 2026 Future | Technology | Futures | -0.03% |
| Adani Power Limited November 2026 Future | Energy & Utilities | Futures | -0.03% |
| UPL Limited September 2026 Future | Materials | Futures | -0.03% |
| JSW Steel Limited September 2026 Future | Materials | Futures | -0.04% |
| Divi's Laboratories Limited October 2026 Future | Healthcare | Futures | -0.04% |
| SBI Cards and Payment Services Limited September 2026 Future | Financial | Futures | -0.04% |
| Max Healthcare Institute Limited September 2026 Future | Healthcare | Futures | -0.04% |
| Hindustan Aeronautics Limited October 2026 Future | Industrials | Futures | -0.06% |
| CG Power and Industrial Solutions Limited September 2026 Future | Industrials | Futures | -0.06% |
| Crompton Greaves Consumer Electricals Limited October 2026 Future | Consumer Discretionary | Futures | -0.06% |
| Bandhan Bank Limited October 2026 Future | Financial | Futures | -0.08% |
| Titan Company Limited October 2026 Future | Consumer Discretionary | Futures | -0.08% |
| Torrent Pharmaceuticals Limited September 2026 Future | Healthcare | Futures | -0.08% |
| InterGlobe Aviation Limited September 2026 Future | Industrials | Futures | -0.10% |
| One 97 Communications Limited October 2026 Future | Industrials | Futures | -0.10% |
| GMR Airports Limited September 2026 Future | Industrials | Futures | -0.11% |
| Larsen & Toubro Limited October 2026 Future | Industrials | Futures | -0.12% |
| HDFC Life Insurance Company Ltd.-OCT2026 | Financial | Futures | -0.13% |
| Solar Industries India Limited September 2026 Future | Materials | Futures | -0.13% |
| Godrej Properties Limited September 2026 Future | Real Estate | Futures | -0.14% |
| Tata Consumer Products Limited September 2026 Future | Consumer Staples | Futures | -0.14% |
| Power Grid Corporation of India Limited September 2026 Future | Energy & Utilities | Futures | -0.15% |
| Hindalco Industries Limited September 2026 Future | Materials | Futures | -0.15% |
| Punjab National Bank October 2026 Future | Financial | Futures | -0.15% |
| Steel Authority of India Limited October 2026 Future | Materials | Futures | -0.16% |
| Jio Financial Services Limited October 2026 Future | Financial | Futures | -0.17% |
| Indian Energy Exchange Limited September 2026 Future | Financial | Futures | -0.18% |
| Dabur India Limited October 2026 Future | Consumer Staples | Futures | -0.18% |
| Crompton Greaves Consumer Electricals Limited September 2026 Future | Consumer Discretionary | Futures | -0.19% |
| Tata Power Company Limited October 2026 Future | Energy & Utilities | Futures | -0.19% |
| United Spirits Limited September 2026 Future | Consumer Staples | Futures | -0.20% |
| NTPC Limited October 2026 Future | Energy & Utilities | Futures | -0.21% |
| Jio Financial Services Limited September 2026 Future | Financial | Futures | -0.21% |
| Hindustan Aeronautics Limited September 2026 Future | Industrials | Futures | -0.21% |
| IDFC First Bank Limited October 2026 Future | Financial | Futures | -0.23% |
| Divi's Laboratories Limited September 2026 Future | Healthcare | Futures | -0.23% |
| Axis Bank Limited October 2026 Future | Financial | Futures | -0.23% |
| UltraTech Cement Limited October 2026 Future | Materials | Futures | -0.24% |
| Indus Towers Limited September 2026 Future | Technology | Futures | -0.25% |
| HDFC Life Insurance Company Limited September 2026 Future | Financial | Futures | -0.25% |
| State Bank of India September 2026 Future | Financial | Futures | -0.26% |
| Punjab National Bank September 2026 Future | Financial | Futures | -0.27% |
| Eicher Motors Limited October 2026 Future | Consumer Discretionary | Futures | -0.27% |
| Tata Power Company Limited September 2026 Future | Energy & Utilities | Futures | -0.28% |
| Grasim Industries Limited October 2026 Future | Materials | Futures | -0.28% |
| Kotak Mahindra Bank Limited October 2026 Future | Financial | Futures | -0.29% |
| Tata Steel Limited October 2026 Future | Materials | Futures | -0.30% |
| Ambuja Cements Limited October 2026 Future | Materials | Futures | -0.31% |
| TATA MOTORS PASSENGER VEHICLES LTD.-SEP2026 | Consumer Discretionary | Futures | -0.34% |
| Indian Energy Exchange Limited October 2026 Future | Financial | Futures | -0.35% |
| IDFC First Bank Limited September 2026 Future | Financial | Futures | -0.36% |
| ICICI Bank Limited October 2026 Future | Financial | Futures | -0.39% |
| LIC Housing Finance Limited September 2026 Future | Financial | Futures | -0.43% |
| Bajaj Finance Limited October 2026 Future | Financial | Futures | -0.44% |
| Dabur India Limited September 2026 Future | Consumer Staples | Futures | -0.44% |
| ITC Limited October 2026 Future | Consumer Staples | Futures | -0.46% |
| NTPC Limited September 2026 Future | Energy & Utilities | Futures | -0.47% |
| Bank of Baroda October 2026 Future | Financial | Futures | -0.47% |
| SBI Life Insurance Company Limited October 2026 Future | Financial | Futures | -0.47% |
| Sun Pharmaceutical Industries Limited October 2026 Future | Healthcare | Futures | -0.49% |
| Ambuja Cements Limited September 2026 Future | Materials | Futures | -0.51% |
| Pidilite Industries Ltd.-SEP2026 | Materials | Futures | -0.52% |
| Mahindra & Mahindra Limited October 2026 Future | Consumer Discretionary | Futures | -0.60% |
| Biocon Limited October 2026 Future | Healthcare | Futures | -0.60% |
| One 97 Communications Limited September 2026 Future | Industrials | Futures | -0.62% |
| Bandhan Bank Limited September 2026 Future | Financial | Futures | -0.62% |
| Adani Power Limited October 2026 Future | Energy & Utilities | Futures | -0.64% |
| HDFC Bank Limited October 2026 Future | Financial | Futures | -0.65% |
| Canara Bank October 2026 Future | Financial | Futures | -0.69% |
| Larsen & Toubro Limited September 2026 Future | Industrials | Futures | -0.77% |
| Infosys Limited September 2026 Future | Technology | Futures | -0.78% |
| Asian Paints Limited September 2026 Future | Materials | Futures | -0.82% |
| SBI Life Insurance Company Limited September 2026 Future | Financial | Futures | -0.94% |
| Adani Power Limited September 2026 Future | Energy & Utilities | Futures | -0.94% |
| Tata Steel Limited September 2026 Future | Materials | Futures | -0.97% |
| Adani Enterprises Limited October 2026 Future | Materials | Futures | -1.00% |
| Eicher Motors Ltd.-SEP2026 | Consumer Discretionary | Futures | -1.04% |
| Steel Authority of India Limited September 2026 Future | Materials | Futures | -1.14% |
| Bank of Baroda September 2026 Future | Financial | Futures | -1.17% |
| State Bank of India October 2026 Future | Financial | Futures | -1.26% |
| Axis Bank Limited September 2026 Future | Financial | Futures | -1.27% |
| Yes Bank Limited September 2026 Future | Financial | Futures | -1.31% |
| Bajaj Finance Limited September 2026 Future | Financial | Futures | -1.31% |
| Mahindra & Mahindra Limited September 2026 Future | Consumer Discretionary | Futures | -1.50% |
| ITC Limited September 2026 Future | Consumer Staples | Futures | -1.55% |
| Biocon Limited September 2026 Future | Healthcare | Futures | -1.58% |
| Bharti Airtel Limited October 2026 Future | Technology | Futures | -1.62% |
| UltraTech Cement Limited September 2026 Future | Materials | Futures | -1.92% |
| ICICI Bank Limited September 2026 Future | Financial | Futures | -2.43% |
| Canara Bank September 2026 Future | Financial | Futures | -2.62% |
| Reliance Industries Limited October 2026 Future | Energy & Utilities | Futures | -2.66% |
| HDFC Bank Limited September 2026 Future | Financial | Futures | -2.67% |
| Adani Enterprises Limited September 2026 Future | Materials | Futures | -3.07% |
| Sun Pharmaceutical Industries Limited September 2026 Future | Healthcare | Futures | -3.92% |
| Reliance Industries Limited September 2026 Future | Energy & Utilities | Futures | -4.34% |
| Bharti Airtel Ltd-SEP2026 | Technology | Futures | -5.64% |
| Vodafone Idea Limited September 2026 Future | Technology | Futures | -6.79% |
| Kotak Mahindra Bank Limited September 2026 Future | Financial | Futures | -7.76% |
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 | +2.9% | +6.3% | +6.8% | +6.8% |
| Category average (Hybrid Arbitrage) | +3.2% | +6.7% | +7.2% | +6.8% |
| Rank (Hybrid Arbitrage) | -- | 29 | 24 | -- |
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) | |
|---|---|---|---|---|
 | +6.76% | +7.47% | 24,949.62 | |
 | +6.83% | +7.46% | 30,617.52 | |
 | +6.77% | +7.22% | 553.90 | |
 | +7.12% | -- | 2,254.61 | |
 | +6.96% | -- | 3,486.36 | |
| 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 ₹7,562 Cr and the Latest NAV as of 22 Sep 2026 is ₹13.15.
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₹7,561.93 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,