NJ Arbitrage Fund - Direct Plan - Growth

NAVs of 8 Nov 2026

NJ Mutual Fund · Hybrid fund · Direct plan · Growth

ArbitrageDirect · GrowthRisk: Low

NAV · 6 Nov 2026

₹13.2773 ▲ 0.22%

NJ Mutual Fund

Fund size₹255 crJuly - September 2026

1-month range₹13.19 – 13.28

1 year+6.44%rank 25 of 28

Expense ratio1.07%direct plan, a year

5 years–a year

What the fund does

The investment objective of the scheme is 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. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.

BenchmarkNifty 50 Arbitrage Index

Launched1 Aug 2022

Fund houseNJ Mutual Fund

Fund managersViral ShahDhaval PatelJaimin Ilavia

NAV history

Returns

1 week

+0.20%avg 0.2%

1 month

+0.55%avg 0.5%

3 months

+1.52%avg 1.6%

6 months

+3.17%avg 3.2%

This year

+5.44%avg 5.6%

1 year

+6.44%avg 6.7% · #25/28

3 years (a year)

+6.85%avg 7.2% · #20/21

Bars: this plan; the thin mark is the Arbitrage average (direct plans, growth option). Over a year: yearly averages (CAGR). Past returns do not guarantee future returns. Information only, not investment advice.

Monthly returns (%)

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2024												+0.6
2025	+0.7	+0.5	+0.6	+0.6	+0.4	+0.5	+0.5	+0.5	+0.4	+0.5	+0.5	+0.6
2026	+0.6	+0.4	+0.6	+0.4	+0.1	+0.9	+0.7	-0.1	+1.0	+0.5	+0.2

Each month's change in NAV (the current month to the latest NAV).

What if you had invested?

Amount (₹) Started

Worked out from this plan's actual NAVs. SIP: invested on the first NAV of each month. Taxes and exit loads are not included. Past returns do not guarantee future returns. Information only, not investment advice.

Portfolio as on 30 Sept 2026

Stocks held60137 lines in all

Top 10 stocks47.9%of the fund

Short positions-80.7%sold through derivatives

Net equity-0.3%long stocks and derivatives minus shorts

Where the money is

Equity 80.4%Debt 0.6%Money market 14.0%Cash & others 5.1%Short -80.7%

Sectors (stocks held)

Banks

26.8%

Telecom - Services

12.1%

Pharmaceuticals & Biotechnology

6.6%

Petroleum Products

6.5%

Metals & Minerals Trading

4.1%

Automobiles

3.4%

Cement & Cement Products

3.1%

Power

3.0%

Changes since 31 Aug 2026

Share of fund	30 Sept 2026	31 Aug 2026	Change
Stocks held	80.4%	82.2%	-1.80
Short positions	-80.7%	-83.2%	+2.47
Debt	0.6%	0.8%	-0.28
Money market	14.0%	10.8%	+3.19
Cash & others	5.1%	6.2%	-1.11
Top 10 stocks	47.9%	48.4%	-0.52
Number of stocks	60	61	-1

New stocks 2

Coforge Limited0.85%
Shriram Finance Limited0.03%

Stocks sold off 3

CG Power and Industrial Solutions Limitedwas 0.07%
Max Healthcare Institute Limitedwas 0.05%
DLF Limitedwas 0.03%

Bought more 2

HDFC Bank Limited+2.28
ICICI Bank Limited+0.62

Cut back 6

Bharti Airtel Limited-1.27
Kotak Mahindra Bank Limited-0.80
One 97 Communications Limited-0.63
Vodafone Idea Limited-0.53
Reliance Industries Limited-0.37
Sun Pharmaceutical Industries Limited-0.31

Change is in percentage points. Bought more and cut back list stocks whose share of the fund moved by at least 0.25 points. A share can also move because the price changed, not only because the fund traded.

Stocks held 60

Holding	Sector / type	% of fund
Kotak Mahindra Bank Limited INE237A01036	Banks	7.11%
Reliance Industries Limited INE002A01018	Petroleum Products	6.48%
Vodafone Idea Limited INE669E01016	Telecom - Services	6.08%
Bharti Airtel Limited INE397D01024	Telecom - Services	5.73%
HDFC Bank Limited INE040A01034	Banks	5.56%
Sun Pharmaceutical Industries Limited INE044A01036	Pharmaceuticals & Biotechnology	4.20%
Adani Enterprises Limited INE423A01024	Metals & Minerals Trading	4.06%
ICICI Bank Limited INE090A01021	Banks	3.43%
Canara Bank INE476A01022	Banks	3.16%
UltraTech Cement Limited INE481G01011	Cement & Cement Products	2.08%
ITC Limited INE154A01025	Diversified FMCG	2.03%
Biocon Limited INE376G01013	Pharmaceuticals & Biotechnology	2.01%
Mahindra & Mahindra Limited INE101A01026	Automobiles	1.86%
Adani Power Limited INE814H01029	Power	1.64%
Bank of Baroda INE028A01039	Banks	1.61%
Bajaj Finance Limited INE296A01032	Finance	1.60%
Axis Bank Limited INE238A01034	Banks	1.47%
State Bank of India INE062A01020	Banks	1.41%
SBI Life Insurance Company Limited INE123W01016	Insurance	1.38%
Tata Steel Limited INE081A01020	Ferrous Metals	1.30%
Yes Bank Limited INE528G01035	Banks	1.25%
Steel Authority of India Limited INE114A01011	Ferrous Metals	1.20%
Eicher Motors Limited INE066A01021	Automobiles	1.19%
Coforge Limited INE591G01025	IT - Software	0.85%
Larsen & Toubro Limited INE018A01030	Construction	0.84%
Asian Paints Limited INE021A01026	Consumer Durables	0.77%
Bandhan Bank Limited INE545U01014	Banks	0.77%
Ambuja Cements Limited INE079A01024	Cement & Cement Products	0.77%
Infosys Limited INE009A01021	IT - Software	0.70%
NTPC Limited INE733E01010	Power	0.68%
IDFC First Bank Limited INE092T01019	Banks	0.58%
Tata Power Company Limited INE245A01021	Power	0.49%
Indian Energy Exchange Limited INE022Q01020	Capital Markets	0.48%
Pidilite Industries Limited INE318A01026	Chemicals & Petrochemicals	0.47%
LIC Housing Finance Limited INE115A01026	Finance	0.43%
Dabur India Limited INE016A01026	Personal Products	0.43%
Punjab National Bank INE160A01022	Banks	0.42%
HDFC Life Insurance Company Limited INE795G01014	Insurance	0.37%
Jio Financial Services Limited INE758E01017	Finance	0.35%
Tata Motors Passenger Vehicles Limited INE155A01022	Automobiles	0.33%
Divi's Laboratories Limited INE361B01024	Pharmaceuticals & Biotechnology	0.28%
Indus Towers Limited INE121J01017	Telecom - Services	0.27%
Hindustan Aeronautics Limited INE066F01020	Aerospace & Defense	0.27%
Grasim Industries Limited INE047A01021	Cement & Cement Products	0.26%
Crompton Greaves Consumer Electricals Limited INE299U01018	Consumer Durables	0.25%
United Spirits Limited INE854D01024	Beverages	0.21%
Power Grid Corporation of India Limited INE752E01010	Power	0.17%
Hindalco Industries Limited INE038A01020	Non - Ferrous Metals	0.14%
Tata Consumer Products Limited INE192A01025	Agricultural Food & other Products	0.13%
Solar Industries India Limited INE343H01029	Chemicals & Petrochemicals	0.13%
GMR Airports Limited INE776C01039	Transport Infrastructure	0.11%
Godrej Properties Limited INE484J01027	Realty	0.11%
One 97 Communications Limited INE982J01020	Financial Technology (Fintech)	0.10%
InterGlobe Aviation Limited INE646L01027	Transport Services	0.10%
Torrent Pharmaceuticals Limited INE685A01028	Pharmaceuticals & Biotechnology	0.08%
Titan Company Limited INE280A01028	Consumer Durables	0.07%
SBI Cards and Payment Services Limited INE018E01016	Finance	0.04%
JSW Steel Limited INE019A01038	Ferrous Metals	0.04%
Shriram Finance Limited INE721A01047	Finance	0.03%
UPL Limited INE628A01036	Fertilizers & Agrochemicals	0.03%

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Short positions 64

Holding	Sector / type	% of fund
Kotak Mahindra Bank Limited October 2026 Future	Banks	-7.11%
Vodafone Idea Limited October 2026 Future	Telecom - Services	-6.09%
Bharti Airtel Limited October 2026 Future	Telecom - Services	-5.76%
Reliance Industries Limited October 2026 Future	Petroleum Products	-5.49%
HDFC Bank Limited October 2026 Future	Banks	-4.58%
Sun Pharmaceutical Industries Limited October 2026 Future	Pharmaceuticals & Biotechnology	-4.24%
Adani Enterprises Limited October 2026 Future	Metals & Minerals Trading	-4.05%
ICICI Bank Limited October 2026 Future	Banks	-3.45%
Canara Bank October 2026 Future	Banks	-3.19%
UltraTech Cement Limited October 2026 Future	Cement & Cement Products	-2.08%
ITC Limited October 2026 Future	Diversified FMCG	-2.04%
Biocon Limited October 2026 Future	Pharmaceuticals & Biotechnology	-2.03%
Mahindra & Mahindra Limited October 2026 Future	Automobiles	-1.86%
Bank of Baroda October 2026 Future	Banks	-1.63%
Adani Power Limited October 2026 Future	Power	-1.61%
Bajaj Finance Limited October 2026 Future	Finance	-1.61%
Axis Bank Limited October 2026 Future	Banks	-1.47%
State Bank of India October 2026 Future	Banks	-1.42%
SBI Life Insurance Company Limited October 2026 Future	Insurance	-1.38%
Tata Steel Limited October 2026 Future	Ferrous Metals	-1.31%
Yes Bank Limited October 2026 Future	Banks	-1.26%
Eicher Motors Limited October 2026 Future	Automobiles	-1.20%
Steel Authority of India Limited October 2026 Future	Ferrous Metals	-1.18%
HDFC Bank Limited November 2026 Future	Banks	-1.04%
Reliance Industries Limited November 2026 Future	Petroleum Products	-1.02%
Coforge Limited October 2026 Future	IT - Software	-0.86%
Larsen & Toubro Limited October 2026 Future	Construction	-0.84%
Bandhan Bank Limited October 2026 Future	Banks	-0.77%
Asian Paints Limited October 2026 Future	Consumer Durables	-0.77%
Ambuja Cements Limited October 2026 Future	Cement & Cement Products	-0.77%
Infosys Limited October 2026 Future	IT - Software	-0.70%
NTPC Limited October 2026 Future	Power	-0.68%
IDFC First Bank Limited October 2026 Future	Banks	-0.58%
Tata Power Company Limited October 2026 Future	Power	-0.49%
Indian Energy Exchange Limited October 2026 Future	Capital Markets	-0.48%
Pidilite Industries Limited October 2026 Future	Chemicals & Petrochemicals	-0.47%
LIC Housing Finance Limited October 2026 Future	Finance	-0.43%
Dabur India Limited October 2026 Future	Personal Products	-0.43%
Punjab National Bank October 2026 Future	Banks	-0.43%
HDFC Life Insurance Company Limited October 2026 Future	Insurance	-0.37%
Jio Financial Services Limited October 2026 Future	Finance	-0.35%
Tata Motors Passenger Vehicles Limited October 2026 Future	Automobiles	-0.33%
Divi's Laboratories Limited October 2026 Future	Pharmaceuticals & Biotechnology	-0.28%
Indus Towers Limited October 2026 Future	Telecom - Services	-0.27%
Hindustan Aeronautics Limited October 2026 Future	Aerospace & Defense	-0.27%
Grasim Industries Limited October 2026 Future	Cement & Cement Products	-0.26%
Crompton Greaves Consumer Electricals Limited October 2026 Future	Consumer Durables	-0.23%
United Spirits Limited October 2026 Future	Beverages	-0.21%
Power Grid Corporation of India Limited October 2026 Future	Power	-0.17%
Hindalco Industries Limited October 2026 Future	Non - Ferrous Metals	-0.14%
Tata Consumer Products Limited October 2026 Future	Agricultural Food & other Products	-0.13%
Solar Industries India Limited October 2026 Future	Chemicals & Petrochemicals	-0.13%
Godrej Properties Limited October 2026 Future	Realty	-0.11%
GMR Airports Limited October 2026 Future	Transport Infrastructure	-0.11%
One 97 Communications Limited October 2026 Future	Financial Technology (Fintech)	-0.10%
InterGlobe Aviation Limited October 2026 Future	Transport Services	-0.10%
Torrent Pharmaceuticals Limited October 2026 Future	Pharmaceuticals & Biotechnology	-0.08%
Titan Company Limited October 2026 Future	Consumer Durables	-0.07%
SBI Cards and Payment Services Limited October 2026 Future	Finance	-0.04%
JSW Steel Limited October 2026 Future	Ferrous Metals	-0.04%
Shriram Finance Limited October 2026 Future	Finance	-0.03%
UPL Limited October 2026 Future	Fertilizers & Agrochemicals	-0.03%
Adani Power Limited November 2026 Future	Power	-0.03%
Crompton Greaves Consumer Electricals Limited November 2026 Future	Consumer Durables	-0.02%

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Derivatives, debt, money market and cash 13

Holding	Sector / type	% of fund
Clearing Corporation of India Ltd	–	4.18%
364 Days Tbill (MD 03/12/2026) IN002025Z369	Sovereign	2.61%
364 Days Tbill (MD 29/10/2026) IN002025Z310	Sovereign	2.55%
182 Days Tbill (MD 08/10/2026) IN002026Y014	Sovereign	2.13%
364 Days Tbill (MD 02/10/2026) IN002025Z278	Sovereign	1.28%
364 Days Tbill (MD 25/02/2027) IN002025Z476	Sovereign	1.25%
364 Days Tbill (MD 19/03/2027) IN002025Z500	Sovereign	1.25%
Net Receivables / (Payables)	–	0.87%
91 Days Tbill (MD 01/10/2026) IN002026X131	Sovereign	0.85%
182 Days Tbill (MD 19/11/2026) IN002026Y071	Sovereign	0.85%
364 Days Tbill (MD 07/01/2027) IN002025Z401	Sovereign	0.84%
8.24% Government of India (15/02/2027) IN0020060078	Sovereign	0.56%
364 Days Tbill (MD 04/03/2027) IN002025Z484	Sovereign	0.42%

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From the fund house's monthly portfolio (njmutualfund.com), as on 30 Sept 2026. Percentages are of the fund's net assets; short positions are negative. Published about ten days after each month ends.

Risk

Volatility1.9%yearly, from daily NAVs

Worst fall-0.65%3 Aug 2026 → 31 Aug 2026

RiskometerLowLow

Volatility: how much the NAV moves, as a yearly figure (higher = bumpier). Worst fall: the biggest drop from a high, in the NAV history we hold (from 30 Sept 2022).

Fund details

Fund size (average AUM, July - September 2026)	₹255 cr across all plans · this plan ₹208 cr
Fund house	NJ Mutual Fund
Category	Hybrid · Arbitrage
Plan	Direct
Option	Growth
Expense ratio (TER)	Direct 1.07% · Regular 1.66% (5 Nov 2026)
Exit load	In respect of each purchase of Units:- 1. NIL Exit load – for 5% of the units upto completion of 30 days The “First In First Out (FIFO)” logic will be applied while selecting the units for redemption Waiver of Exit load is calculated for each inflow transaction separately on FIFO basis and not on the total units through multiple inflows The load free units from purchases made subsequent to the initial purchase will be available only after redeeming all units from the initial purchase 2. All units redeemed /switched-out in excess of the 5% load free units will be subject to the below mentioned exit load. 1.00% - if Units are redeemed/switched-out on or before 30 days from the date of allotment Nil - if redeemed after 30 days from the date of Allotment.
Minimum investment	₹5,000 · additional ₹500
Scheme code (AMFI)	150367
ISIN	INF0J8L01065
NAV date	6 Nov 2026

Scheme details from the fund's scheme summary document filed with AMFI; expense ratios from AMFI's daily filings.

Other plans of this fund

Plan	NAV	1 year
Regular · Growth	₹12.8893	+5.73%

Top Arbitrage funds (direct plans)

Fund	1 year	3 years (a year)
Invesco India Arbitrage Fund	+6.91%	+7.48%
Kotak Arbitrage Fund	+6.80%	+7.46%
ADITYA BIRLA SUN LIFE ARBITRAGE FUND	+6.78%	+7.43%
Edelweiss Arbitrage Fund	+6.70%	+7.40%
UTI - Arbitrage Fund	+6.63%	+7.32%
Nippon India Arbitrage Fund	+6.76%	+7.31%
ICICI Prudential Arbitrage Fund	+6.68%	+7.31%
BANDHAN Arbitrage Fund	+6.52%	+7.30%
NJ Arbitrage Fund	+6.44%	+6.85%

All Arbitrage funds ranked › · Compare with others ›

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Information only, not investment advice.

What is the NAV of NJ Arbitrage Fund - Direct Plan - Growth today?

₹13.2773 as of 6 Nov 2026, from AMFI's official NAV data.

What are the returns of NJ Arbitrage Fund - Direct Plan - Growth?

1 year: 6.44%, 3 years: 6.85% a year

How does NJ Arbitrage Fund rank in its category?

25 of 28 Arbitrage funds (direct plans, growth option) by 1-year return.

What is the difference between direct and regular plans?

Both invest in the same portfolio. Direct plans are bought straight from the fund house and pay no distributor commission, so their expenses are lower and their NAV grows slightly faster.