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NJ Arbitrage Fund Direct Growth
AlternativeArbitrage FundLow Risk
Direct
NAV (21-Nov-24)
₹11.770.07%1D
Returns (Since Inception)
7.33%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹352 Cr
Expense Ratio
0.27%
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, 3 months and 21 days, having been launched on 01-Aug-22.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹11.77, Assets Under Management (AUM) of 351.63 Crores, and an expense ratio of 0.27%.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹11.77, Assets Under Management (AUM) of 351.63 Crores, and an expense ratio of 0.27%.
- NJ Arbitrage Fund Direct Growth has given a CAGR return of 7.33% since inception.
- The fund's asset allocation comprises around -0.46% in equities, 5.55% in debts, and 94.91% 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
+7.95%
+7.51% (Cat Avg.)
Since Inception
+7.33%
— (Cat Avg.)
Portfolio Summaryas of 31st October 2024
| Equity | ₹-1.61 Cr | -0.46% |
| Debt | ₹19.5 Cr | 5.55% |
| Others | ₹333.73 Cr | 94.91% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Cash Offset For Derivatives | Cash - General Offset | ₹259.44 Cr | 73.78% |
| Hdfc Bank Limited November 2024 Future | Equity - Future | ₹-27.78 Cr | 7.90% |
| HDFC Bank Ltd | Equity | ₹27.59 Cr | 7.85% |
| Future on Reliance Industries Ltd | Equity - Future | ₹-26.91 Cr | 7.65% |
| Reliance Industries Ltd | Equity | ₹26.77 Cr | 7.61% |
| Clearing Corporation Of India Ltd | Cash - Repurchase Agreement | ₹23.89 Cr | 6.79% |
| Future on Bank of Baroda | Equity - Future | ₹-22.23 Cr | 6.32% |
| Bank of Baroda | Equity | ₹22.1 Cr | 6.28% |
| Future on Kotak Mahindra Bank Ltd | Equity - Future | ₹-18.62 Cr | 5.30% |
| Kotak Mahindra Bank Ltd | Equity | ₹18.49 Cr | 5.26% |
| Net Receivables / (Payables) | Cash | ₹17.7 Cr | 5.04% |
| Future on Adani Enterprises Ltd | Equity - Future | ₹-14.4 Cr | 4.09% |
| Adani Enterprises Ltd | Equity | ₹14.32 Cr | 4.07% |
| Future on United Spirits Ltd | Equity - Future | ₹-12.74 Cr | 3.62% |
| United Spirits Ltd | Equity | ₹12.68 Cr | 3.61% |
| Indus Towers Limited November 2024 Future | Equity - Future | ₹-10.97 Cr | 3.12% |
| Indus Towers Ltd Ordinary Shares | Equity | ₹10.88 Cr | 3.10% |
| Future on State Bank of India | Equity - Future | ₹-9.73 Cr | 2.77% |
| State Bank of India | Equity | ₹9.66 Cr | 2.75% |
| Future on Tata Power Co Ltd | Equity - Future | ₹-8.32 Cr | 2.37% |
| Tata Power Co Ltd | Equity | ₹8.26 Cr | 2.35% |
| Future on Bajaj Finance Ltd | Equity - Future | ₹-8.15 Cr | 2.32% |
| Bajaj Finance Ltd | Equity | ₹8.1 Cr | 2.30% |
| Future on Punjab National Bank | Equity - Future | ₹-7.68 Cr | 2.19% |
| Punjab National Bank | Equity | ₹7.6 Cr | 2.16% |
| Biocon Limited November 2024 Future | Equity - Future | ₹-6.91 Cr | 1.96% |
| Biocon Ltd | Equity | ₹6.88 Cr | 1.96% |
| Future on Hindalco Industries Ltd | Equity - Future | ₹-6.19 Cr | 1.76% |
| Hindalco Industries Ltd | Equity | ₹6.15 Cr | 1.75% |
| Future on Tata Motors Ltd | Equity - Future | ₹-5.82 Cr | 1.66% |
| Tata Motors Ltd | Equity | ₹5.78 Cr | 1.64% |
| Future on Hindustan Aeronautics Ltd Ordinary Shares | Equity - Future | ₹-5.39 Cr | 1.53% |
| Hindustan Aeronautics Ltd Ordinary Shares | Equity | ₹5.35 Cr | 1.52% |
| 182 DTB 07112024 | Bond - Gov't/Treasury | ₹4.99 Cr | 1.42% |
| 364 DTB 21112024 | Bond - Gov't/Treasury | ₹4.98 Cr | 1.42% |
| 182 DTB 12122024 | Bond - Gov't/Treasury | ₹4.96 Cr | 1.41% |
| 182 DTB 26122024 | Bond - Gov't/Treasury | ₹4.95 Cr | 1.41% |
| 364 DTB 02052024 | Bond - Gov't/Treasury | ₹4.93 Cr | 1.40% |
| 364 Day T-Bill 30.01.25 | Bond - Gov't/Treasury | ₹4.92 Cr | 1.40% |
| Future on Bharat Electronics Ltd | Equity - Future | ₹-4.91 Cr | 1.39% |
| 182 DTB 20022025 | Bond - Gov't/Treasury | ₹4.9 Cr | 1.39% |
| 364 DTB 13032025 | Bond - Gov't/Treasury | ₹4.88 Cr | 1.39% |
| Bharat Electronics Ltd | Equity | ₹4.87 Cr | 1.39% |
| 182 Days Tbill | Bond - Gov't/Treasury | ₹4.86 Cr | 1.38% |
| 364 DTB 18042025 | Bond - Gov't/Treasury | ₹4.85 Cr | 1.38% |
| Future on Indian Energy Exchange Ltd | Equity - Future | ₹-4.69 Cr | 1.33% |
| Indian Energy Exchange Ltd | Equity | ₹4.67 Cr | 1.33% |
| Future on Vodafone Idea Ltd | Equity - Future | ₹-4.6 Cr | 1.31% |
| Vodafone Idea Ltd | Equity | ₹4.58 Cr | 1.30% |
| Future on IndusInd Bank Ltd | Equity - Future | ₹-4.31 Cr | 1.22% |
| IndusInd Bank Ltd | Equity | ₹4.28 Cr | 1.22% |
| Future on Bharti Airtel Ltd | Equity - Future | ₹-4.24 Cr | 1.21% |
| Bharti Airtel Ltd | Equity | ₹4.21 Cr | 1.20% |
| Future on The Federal Bank Ltd | Equity - Future | ₹-4.1 Cr | 1.16% |
| Future on Dixon Technologies (India) Ltd | Equity - Future | ₹-4.1 Cr | 1.16% |
| The Federal Bank Ltd | Equity | ₹4.08 Cr | 1.16% |
| Dixon Technologies (India) Ltd | Equity | ₹4.08 Cr | 1.16% |
| Future on Larsen & Toubro Ltd | Equity - Future | ₹-3.23 Cr | 0.92% |
| Larsen & Toubro Ltd | Equity | ₹3.21 Cr | 0.91% |
| 182 DTB 17012025 | Bond - Gov't/Treasury | ₹2.96 Cr | 0.84% |
| Hindustan Unilever Ltd | Equity | ₹2.73 Cr | 0.78% |
| Future on Hindustan Unilever Ltd | Equity - Future | ₹-2.72 Cr | 0.77% |
| Acc Limited November 2024 Future | Equity - Future | ₹-2.52 Cr | 0.72% |
| Future on Maruti Suzuki India Ltd | Equity - Future | ₹-2.51 Cr | 0.71% |
| ACC Ltd | Equity | ₹2.51 Cr | 0.71% |
| Maruti Suzuki India Ltd | Equity | ₹2.49 Cr | 0.71% |
| Titan Company Limited November 2024 Future | Equity - Future | ₹-2.47 Cr | 0.70% |
| Titan Co Ltd | Equity | ₹2.46 Cr | 0.70% |
| Future on Zydus Lifesciences Ltd | Equity - Future | ₹-2.45 Cr | 0.70% |
| Zydus Lifesciences Ltd | Equity | ₹2.43 Cr | 0.69% |
| Future on Tata Consultancy Services Ltd | Equity - Future | ₹-2.24 Cr | 0.64% |
| Tata Consultancy Services Ltd | Equity | ₹2.22 Cr | 0.63% |
| Future on GMR Airports Ltd | Equity - Future | ₹-2.07 Cr | 0.59% |
| GMR Airports Ltd | Equity | ₹2.05 Cr | 0.58% |
| Future on DLF Ltd | Equity - Future | ₹-2.04 Cr | 0.58% |
| DLF Ltd | Equity | ₹2.03 Cr | 0.58% |
| Future on JSW Steel Ltd | Equity - Future | ₹-2.03 Cr | 0.58% |
| JSW Steel Ltd | Equity | ₹2.02 Cr | 0.57% |
| Cipla Limited November 2024 Future | Equity - Future | ₹-1.93 Cr | 0.55% |
| Future on Mahindra & Mahindra Ltd | Equity - Future | ₹-1.93 Cr | 0.55% |
| Cipla Ltd | Equity | ₹1.92 Cr | 0.55% |
| Mahindra & Mahindra Ltd | Equity | ₹1.91 Cr | 0.54% |
| Future on Ambuja Cements Ltd | Equity - Future | ₹-1.89 Cr | 0.54% |
| Ambuja Cements Ltd | Equity | ₹1.88 Cr | 0.53% |
| Future on Tech Mahindra Ltd | Equity - Future | ₹-1.65 Cr | 0.47% |
| Tech Mahindra Ltd | Equity | ₹1.64 Cr | 0.47% |
| Future on SRF Ltd | Equity - Future | ₹-1.19 Cr | 0.34% |
| SRF Ltd | Equity | ₹1.18 Cr | 0.33% |
| Future on Canara Bank | Equity - Future | ₹-0.91 Cr | 0.26% |
| Canara Bank | Equity | ₹0.9 Cr | 0.26% |
| Future on Tata Steel Ltd | Equity - Future | ₹-0.74 Cr | 0.21% |
| Tata Steel Ltd | Equity | ₹0.74 Cr | 0.21% |
| Future on Bharat Heavy Electricals Ltd | Equity - Future | ₹-0.44 Cr | 0.13% |
| Bharat Heavy Electricals Ltd | Equity | ₹0.44 Cr | 0.12% |
| Power Finance Corporation Limited November 2024 Future | Equity - Future | ₹-0.41 Cr | 0.12% |
| Power Finance Corp Ltd | Equity | ₹0.41 Cr | 0.12% |
| Future on Lupin Ltd | Equity - Future | ₹-0.37 Cr | 0.11% |
| Lupin Ltd | Equity | ₹0.37 Cr | 0.11% |
| Future on Nestle India Ltd | Equity - Future | ₹-0.32 Cr | 0.09% |
| Nestle India Ltd | Equity | ₹0.32 Cr | 0.09% |
| Future on Pidilite Industries Ltd | Equity - Future | ₹-0.24 Cr | 0.07% |
| Pidilite Industries Ltd | Equity | ₹0.24 Cr | 0.07% |
| Future on RBL Bank Ltd | Equity - Future | ₹-0.17 Cr | 0.05% |
| RBL Bank Ltd | Equity | ₹0.17 Cr | 0.05% |
| Itc Limited November 2024 Future | Equity - Future | ₹-0.16 Cr | 0.04% |
| ITC Ltd | Equity | ₹0.16 Cr | 0.04% |
| Future on LIC Housing Finance Ltd | Equity - Future | ₹-0.06 Cr | 0.02% |
| LIC Housing Finance Ltd | Equity | ₹0.06 Cr | 0.02% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹108.09 Cr | 30.74% |
| Energy | ₹41.1 Cr | 11.69% |
| Communication Services | ₹19.68 Cr | 5.60% |
| Industrials | ₹15.92 Cr | 4.53% |
| Consumer Defensive | ₹15.88 Cr | 4.52% |
| Basic Materials | ₹14.7 Cr | 4.18% |
| Consumer Cyclical | ₹12.64 Cr | 3.59% |
| Healthcare | ₹11.6 Cr | 3.30% |
| Utilities | ₹8.26 Cr | 2.35% |
| Technology | ₹7.94 Cr | 2.26% |
| Real Estate | ₹2.03 Cr | 0.58% |
Risk & Performance Ratios
Standard Deviation
This fund
--
Cat. avg.
0.74%
Lower the better
Sharpe Ratio
This fund
--
Cat. avg.
-0.04
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
0.22
Higher the better
Fund Managers
Vishal Ashar
Since March 2023
DP
Dhaval Patel
Since March 2023
Additional Scheme Detailsas of 31st October 2024
ISIN INF0J8L01065 | Expense Ratio 0.27% | Exit Load No Charges | Fund Size ₹352 Cr | Age 2 years 3 months | 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:
Dividend Taxation:
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 | 1.0% | 0.0% | ₹221.65 Cr | 7.3% |
| Sundaram Arbitrage Fund Direct Growth Low Risk | 0.3% | 0.0% | ₹221.65 Cr | 7.9% |
| Bank of India Arbitrage Fund Direct Growth Low Risk | 0.2% | 0.0% | ₹40.76 Cr | 7.8% |
| Bank of India Arbitrage Fund Regular Growth Low Risk | 0.9% | 0.0% | ₹40.76 Cr | 7.1% |
| Mirae Asset Arbitrage Fund Direct Growth Low Risk | 0.1% | 0.0% | ₹2839.16 Cr | 8.5% |
| Mirae Asset Arbitrage Fund Regular Growth Low Risk | 0.9% | 0.0% | ₹2839.16 Cr | 7.6% |
| Tata Arbitrage Fund Regular Growth Low Risk | 1.1% | 0.0% | ₹12432.45 Cr | 7.6% |
| Tata Arbitrage Fund Direct Growth Low Risk | 0.3% | 0.0% | ₹12432.45 Cr | 8.5% |
| Mahindra Manulife Arbitrage Fund Direct Growth Low Risk | 0.4% | 0.0% | ₹108.62 Cr | 7.1% |
| Mahindra Manulife Arbitrage Fund Regular Growth Low Risk | 1.2% | 0.0% | ₹108.62 Cr | 6.3% |
About the AMC
NJ Mutual Fund
Total AUM
₹7,067 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 | 0.6% | 1.0% | ₹1880.27 Cr | 29.4% |
| NJ Overnight Fund Direct Growth Low Risk | 0.1% | 0.0% | ₹212.88 Cr | 6.7% |
| NJ Arbitrage Fund Direct Growth Low Risk | 0.3% | 0.0% | ₹351.63 Cr | 8.0% |
| NJ Balanced Advantage Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹4020.03 Cr | 18.5% |
| NJ ELSS Tax Saver Scheme Direct Growth Very High Risk | 0.5% | 0.0% | ₹251.17 Cr | 23.5% |
Risk Level
Your principal amount will be at Low Risk
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Still got questions?
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 21-Nov-2024, is ₹11.77.
What is the portfolio composition of NJ Arbitrage Fund Direct Growth?
The fund's allocation of assets is distributed as -0.46% in equities, 5.55% in bonds, and 94.91% 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, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, 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, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, 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.