NJ Arbitrage Fund Direct Growth
AlternativeArbitrage FundLow Risk
Direct
NAV (05-Sep-24)
₹11.590.00%1D
Returns (Since Inception)
7.30%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹343 Cr
Expense Ratio
0.29%
ISIN
INF0J8L01065
Minimum SIP
₹500
Exit Load
No Charges
Inception Date
01 Aug 2022
About this fund
NJ Arbitrage Fund Direct Growth is a Arbitrage Fund mutual fund schemes offered by NJ Mutual Fund. This fund has been in existence for 2 years, 1 months and 6 days, having been launched on 01-Aug-22.
As of 05-Sep-24, it has a Net Asset Value (NAV) of ₹11.59, Assets Under Management (AUM) of 342.75 Crores, and an expense ratio of 0.29%.
As of 05-Sep-24, it has a Net Asset Value (NAV) of ₹11.59, Assets Under Management (AUM) of 342.75 Crores, and an expense ratio of 0.29%.
- NJ Arbitrage Fund Direct Growth has given a CAGR return of 7.30% since inception.
- The fund's asset allocation comprises around -0.43% in equities, 3.71% in debts, and 96.72% in cash & cash equivalents.
- You can start investing in NJ Arbitrage Fund Direct Growth with a SIP of ₹500 or a Lumpsum investment of ₹5000.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+7.89%
+7.56% (Cat Avg.)
Since Inception
+7.30%
— (Cat Avg.)
Portfolio Summaryas of 31st July 2024
| Equity | ₹-1.47 Cr | -0.43% |
| Debt | ₹12.7 Cr | 3.71% |
| Others | ₹331.52 Cr | 96.72% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Cash Offset For Derivatives | Cash - General Offset | ₹259.03 Cr | 75.58% |
| Future on Reliance Industries Ltd | Equity - Future | ₹-31.8 Cr | 9.28% |
| Reliance Industries Ltd | Equity | ₹31.69 Cr | 9.25% |
| Clearing Corporation Of India Ltd | Cash - Repurchase Agreement | ₹29.35 Cr | 8.56% |
| Future on Kotak Mahindra Bank Ltd | Equity - Future | ₹-27.32 Cr | 7.97% |
| Kotak Mahindra Bank Ltd | Equity | ₹27.19 Cr | 7.93% |
| Hdfc Bank Limited August 2024 Future | Equity - Future | ₹-22.56 Cr | 6.58% |
| HDFC Bank Ltd | Equity | ₹22.39 Cr | 6.53% |
| 91 DTB 02082024 | Bond - Gov't/Treasury | ₹18 Cr | 5.25% |
| Future on State Bank of India | Equity - Future | ₹-17.53 Cr | 5.12% |
| State Bank of India | Equity | ₹17.4 Cr | 5.08% |
| Future on Bank of Baroda | Equity - Future | ₹-16.66 Cr | 4.86% |
| Bank of Baroda | Equity | ₹16.54 Cr | 4.83% |
| Future on Adani Enterprises Ltd | Equity - Future | ₹-15.52 Cr | 4.53% |
| Adani Enterprises Ltd | Equity | ₹15.4 Cr | 4.49% |
| Future on United Spirits Ltd | Equity - Future | ₹-12.43 Cr | 3.63% |
| United Spirits Ltd | Equity | ₹12.37 Cr | 3.61% |
| Net Receivables / (Payables) | Cash | ₹-9.58 Cr | 2.80% |
| Future on Vodafone Idea Ltd | Equity - Future | ₹-9.27 Cr | 2.70% |
| Vodafone Idea Ltd | Equity | ₹9.18 Cr | 2.68% |
| Future on Bajaj Finance Ltd | Equity - Future | ₹-8.05 Cr | 2.35% |
| Bajaj Finance Ltd | Equity | ₹8 Cr | 2.33% |
| Biocon Limited August 2024 Future | Equity - Future | ₹-7.93 Cr | 2.31% |
| Biocon Ltd | Equity | ₹7.88 Cr | 2.30% |
| Future on Tata Power Co Ltd | Equity - Future | ₹-6.29 Cr | 1.83% |
| Tata Power Co Ltd | Equity | ₹6.25 Cr | 1.82% |
| Future on Hindustan Aeronautics Ltd Ordinary Shares | Equity - Future | ₹-6.23 Cr | 1.82% |
| Hindustan Aeronautics Ltd Ordinary Shares | Equity | ₹6.2 Cr | 1.81% |
| Future on Hindalco Industries Ltd | Equity - Future | ₹-6.02 Cr | 1.76% |
| Hindalco Industries Ltd | Equity | ₹6 Cr | 1.75% |
| Future on IndusInd Bank Ltd | Equity - Future | ₹-5.82 Cr | 1.70% |
| IndusInd Bank Ltd | Equity | ₹5.78 Cr | 1.69% |
| Future on National Aluminium Co Ltd | Equity - Future | ₹-5.49 Cr | 1.60% |
| National Aluminium Co Ltd | Equity | ₹5.46 Cr | 1.59% |
| Indus Towers Limited August 2024 Future | Equity - Future | ₹-5.34 Cr | 1.56% |
| Indus Towers Ltd Ordinary Shares | Equity | ₹5.3 Cr | 1.55% |
| Future on Bharat Electronics Ltd | Equity - Future | ₹-5.25 Cr | 1.53% |
| Bharat Electronics Ltd | Equity | ₹5.22 Cr | 1.52% |
| India (Republic of) | Bond - Short-term Government Bills | ₹4.99 Cr | 1.46% |
| 182 DTB 22082024 | Bond - Gov't/Treasury | ₹4.98 Cr | 1.45% |
| 182 DTB 29082024 | Bond - Gov't/Treasury | ₹4.98 Cr | 1.45% |
| India (Republic of) | Bond - Short-term Government Bills | ₹4.96 Cr | 1.45% |
| India (Republic of) | Bond - Short-term Government Bills | ₹4.95 Cr | 1.44% |
| India (Republic of) | Bond - Short-term Government Bills | ₹4.94 Cr | 1.44% |
| 364 DTB 24102024 | Bond - Gov't/Treasury | ₹4.92 Cr | 1.44% |
| 182 DTB 07112024 | Bond - Gov't/Treasury | ₹4.91 Cr | 1.43% |
| 182 DTB 12122024 | Bond - Gov't/Treasury | ₹4.88 Cr | 1.42% |
| Future on Tech Mahindra Ltd | Equity - Future | ₹-4.49 Cr | 1.31% |
| Tech Mahindra Ltd | Equity | ₹4.48 Cr | 1.31% |
| Future on Dixon Technologies (India) Ltd | Equity - Future | ₹-3.77 Cr | 1.10% |
| Dixon Technologies (India) Ltd | Equity | ₹3.75 Cr | 1.09% |
| Future on Bajaj Finserv Ltd | Equity - Future | ₹-3.65 Cr | 1.06% |
| Bajaj Finserv Ltd | Equity | ₹3.63 Cr | 1.06% |
| Future on Larsen & Toubro Ltd | Equity - Future | ₹-3.45 Cr | 1.01% |
| Larsen & Toubro Ltd | Equity | ₹3.43 Cr | 1.00% |
| Future on JSW Steel Ltd | Equity - Future | ₹-3.23 Cr | 0.94% |
| JSW Steel Ltd | Equity | ₹3.2 Cr | 0.93% |
| Future on Bharti Airtel Ltd | Equity - Future | ₹-3.05 Cr | 0.89% |
| Bharti Airtel Ltd | Equity | ₹3.05 Cr | 0.89% |
| Future on Zydus Lifesciences Ltd | Equity - Future | ₹-3.04 Cr | 0.89% |
| Zydus Lifesciences Ltd | Equity | ₹3.03 Cr | 0.88% |
| Future on Hindustan Unilever Ltd | Equity - Future | ₹-2.93 Cr | 0.86% |
| Hindustan Unilever Ltd | Equity | ₹2.92 Cr | 0.85% |
| 182 DTB 17012025 | Bond - Gov't/Treasury | ₹2.91 Cr | 0.85% |
| Acc Limited August 2024 Future | Equity - Future | ₹-2.81 Cr | 0.82% |
| ACC Ltd | Equity | ₹2.8 Cr | 0.82% |
| Vedanta Ltd | Equity | ₹2.59 Cr | 0.76% |
| Vedanta Limited August 2024 Future | Equity - Future | ₹-2.59 Cr | 0.76% |
| Future on Tata Consultancy Services Ltd | Equity - Future | ₹-2.47 Cr | 0.72% |
| Tata Consultancy Services Ltd | Equity | ₹2.46 Cr | 0.72% |
| Future on DLF Ltd | Equity - Future | ₹-2.21 Cr | 0.65% |
| DLF Ltd | Equity | ₹2.2 Cr | 0.64% |
| Future on Indian Energy Exchange Ltd | Equity - Future | ₹-2.03 Cr | 0.59% |
| Indian Energy Exchange Ltd | Equity | ₹2.02 Cr | 0.59% |
| Future on Apollo Hospitals Enterprise Ltd | Equity - Future | ₹-1.99 Cr | 0.58% |
| Apollo Hospitals Enterprise Ltd | Equity | ₹1.98 Cr | 0.58% |
| Idfc Limited August 2024 Future | Equity - Future | ₹-1.87 Cr | 0.55% |
| IDFC Ltd | Equity | ₹1.86 Cr | 0.54% |
| Future on SRF Ltd | Equity - Future | ₹-1.4 Cr | 0.41% |
| SRF Ltd | Equity | ₹1.39 Cr | 0.41% |
| Future on RBL Bank Ltd | Equity - Future | ₹-1.36 Cr | 0.40% |
| RBL Bank Ltd | Equity | ₹1.35 Cr | 0.39% |
| NTPC Ltd | Equity | ₹1.06 Cr | 0.31% |
| Future on NTPC Ltd | Equity - Future | ₹-1.06 Cr | 0.31% |
| Future on Balrampur Chini Mills Ltd | Equity - Future | ₹-0.47 Cr | 0.14% |
| Balrampur Chini Mills Ltd | Equity | ₹0.46 Cr | 0.13% |
| Titan Company Limited August 2024 Future | Equity - Future | ₹-0.43 Cr | 0.12% |
| Titan Co Ltd | Equity | ₹0.42 Cr | 0.12% |
| Future on Tata Steel Ltd | Equity - Future | ₹-0.37 Cr | 0.11% |
| Tata Steel Ltd | Equity | ₹0.36 Cr | 0.11% |
| Nestle India Limited August 2024 Future | Equity - Future | ₹-0.35 Cr | 0.10% |
| Nestle India Ltd | Equity | ₹0.34 Cr | 0.10% |
| Future on Pidilite Industries Ltd | Equity - Future | ₹-0.24 Cr | 0.07% |
| Pidilite Industries Ltd | Equity | ₹0.24 Cr | 0.07% |
| Future on ITC Ltd | Equity - Future | ₹-0.16 Cr | 0.05% |
| ITC Ltd | Equity | ₹0.16 Cr | 0.05% |
| Future on Mahindra & Mahindra Ltd | Equity - Future | ₹-0.1 Cr | 0.03% |
| Mahindra & Mahindra Ltd | Equity | ₹0.1 Cr | 0.03% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹106.18 Cr | 30.98% |
| Energy | ₹47.09 Cr | 13.74% |
| Basic Materials | ₹22.04 Cr | 6.43% |
| Communication Services | ₹17.52 Cr | 5.11% |
| Consumer Defensive | ₹16.25 Cr | 4.74% |
| Industrials | ₹14.86 Cr | 4.34% |
| Healthcare | ₹12.9 Cr | 3.76% |
| Technology | ₹10.69 Cr | 3.12% |
| Utilities | ₹7.31 Cr | 2.13% |
| Real Estate | ₹2.2 Cr | 0.64% |
| Consumer Cyclical | ₹0.53 Cr | 0.15% |
Risk & Performance Ratios
Standard Deviation
This fund
--
Cat. avg.
0.76%
Lower the better
Sharpe Ratio
This fund
--
Cat. avg.
-0.07
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
0.15
Higher the better
Fund Managers
Vishal Ashar
Since March 2023
DP
Dhaval Patel
Since March 2023
Additional Scheme Detailsas of 31st July 2024
ISIN | INF0J8L01065 | Expense Ratio | 0.29% | Exit Load | No Charges | Fund Size | ₹343 Cr | Age | 01 Aug 2022 | Lumpsum Minimum | ₹5,000 | Fund Status | Open Ended Investment Company | Benchmark | NIFTY 50 Arbitrage TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
- For investments made on or after 1 April 2023: The entire capital gain is added to the investor's income and is taxed based on the applicable income tax slab.
- For investments made before 1 April 2023:
- If sold within 2 years of investment: The capital gains are added to the investor's income and taxed according to the applicable tax slab.
- If sold after 2 years of investment: The capital gains are taxed at a flat rate of 12.5%.
- Holding the units: No tax is applicable as long as you hold the units.
Dividend Taxation:
Dividends are considered part of the investor’s income and are taxed according to their applicable tax slab. Additionally, if an investor’s dividend income exceeds INR 5,000 in a financial year, a 10% Tax Deducted at Source (TDS) is withheld by the fund house before distributing the dividend.
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Arbitrage Fund Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Sundaram Arbitrage Fund Regular Growth Low Risk | 0.9% | 0.0% | ₹140.56 Cr | 7.4% |
| Sundaram Arbitrage Fund Direct Growth Low Risk | 0.3% | 0.0% | ₹140.56 Cr | 8.0% |
| Bank of India Arbitrage Fund Direct Growth Low Risk | 0.2% | 0.0% | ₹40.88 Cr | 7.7% |
| Bank of India Arbitrage Fund Regular Growth Low Risk | 0.9% | 0.0% | ₹40.88 Cr | 6.9% |
| Mirae Asset Arbitrage Fund Direct Growth Low Risk | 0.2% | 0.0% | ₹2406.03 Cr | 8.5% |
| Mirae Asset Arbitrage Fund Regular Growth Low Risk | 1.0% | 0.0% | ₹2406.03 Cr | 7.6% |
| Tata Arbitrage Fund Regular Growth Low Risk | 1.1% | 0.0% | ₹11915.77 Cr | 7.6% |
| Tata Arbitrage Fund Direct Growth Low Risk | 0.3% | 0.0% | ₹11915.77 Cr | 8.4% |
| Mahindra Manulife Arbitrage Fund Direct Growth Low Risk | 0.4% | 0.0% | ₹98.53 Cr | 7.1% |
| Mahindra Manulife Arbitrage Fund Regular Growth Low Risk | 1.2% | 0.0% | ₹98.53 Cr | 6.2% |
About the AMC
Total AUM
₹6,590 Cr
Address
Unit No. 101A, 1st Floor, Mumbai, 400051
Other Funds by NJ Mutual Fund
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y |
|---|---|---|---|---|
| NJ Flexi Cap Fund Direct Growth Very High Risk | 0.3% | 1.0% | ₹1635.30 Cr | - |
| NJ Overnight Fund Direct Growth Low Risk | 0.1% | 0.0% | ₹190.78 Cr | 6.7% |
| NJ Arbitrage Fund Direct Growth Low Risk | 0.3% | 0.0% | ₹342.75 Cr | 7.9% |
| NJ Balanced Advantage Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹4184.63 Cr | 34.4% |
| NJ ELSS Tax Saver Scheme Direct Growth Very High Risk | 0.5% | 0.0% | ₹236.54 Cr | 47.6% |
Risk Level
Your principal amount will be at Low Risk
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We're here to help.
What is the current NAV of NJ Arbitrage Fund Direct Growth?
The NAV of NJ Arbitrage Fund Direct Growth, as of 05-Sep-2024, is ₹11.59.
What is the portfolio composition of NJ Arbitrage Fund Direct Growth?
The fund's allocation of assets is distributed as -0.43% in equities, 3.71% in bonds, and 96.72% in cash and cash equivalents.
Who manages the NJ Arbitrage Fund Direct Growth?
The fund managers responsible for NJ Arbitrage Fund Direct Growth are:-
- Vishal Ashar
- Dhaval Patel
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.