NJ Arbitrage Fund
NJ Mutual Fund · Arbitrage · Regular plan, growth option
NAV (₹), 1 Oct 2026
12.7892
1-day change
-0.12%
1Y return
5.5%
3Y CAGR
6.0%
5Y CAGR
n/a
Max drawdown, 5Y
n/a
NAV history month-end NAV, ₹ · 2 Aug 2022 to 1 Oct 2026
Returns vs Arbitrage median (41 schemes)
| Period | Scheme | Category median |
|---|---|---|
| 1 month | 0.1% | 0.2% |
| 3 months | 1.2% | 1.3% |
| 6 months | 2.6% | 2.9% |
| Year to date | 4.0% | 4.4% |
| 1 year | 5.5% | 6.0% |
| 3 years (CAGR) | 6.0% | 6.6% |
| 5 years (CAGR) | n/a | 6.0% |
| 7 years (CAGR) | n/a | 5.5% |
| 10 years (CAGR) | n/a | 5.7% |
| Since first NAV (CAGR) | 6.1% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 6.4% | 6.3% |
| 3Y rolling median | 6.4% | 6.3% |
| 3Y rolling worst | 6.0% | 3.9% |
| 3Y periods positive | 100% | 100% |
| 3Y periods ahead of benchmark | n/a | n/a |
| 5Y rolling median | n/a | 5.6% |
| 5Y rolling worst | n/a | 4.8% |
| 5Y periods ahead of benchmark | n/a | n/a |
Benchmark: none available in MFIC's free data for this category.
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 0.8% | 0.6% |
| Sharpe ratio | -0.82 | -0.26 |
| Sortino ratio | -0.93 | -0.32 |
| Beta | n/a | n/a |
| Alpha (ann.) | n/a | n/a |
| Upside capture | n/a | n/a |
| Downside capture | n/a | n/a |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −0.7% | −0.6% |
| Maximum drawdown, last 10Y | n/a | −0.6% |
| Maximum drawdown, last 5Y | n/a | −0.5% |
| Current drawdown | −0.1% | 0.0% |
| Recovery time of worst fall | n/a | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Market context from Integrato Market Intelligence
This scheme hold only part of their money in each of these markets; the mix is set by the scheme and changes over time.
- 1Y +6.4% · 3Y +6.8% p.a. · 5Y +6.3% p.a. (index fund NAV, after costs)
- At its 52-week high (proxy NAV)
5.50%
1 Jul 2026 · −0.25 pp in a year · 5Y average 5.90%
Index levels and P/E: NSE daily index closing values; gold and silver: IBJA rates; returns: growth NAV of an index fund or ETF tracking the market (AMFI), so they are after that fund's costs. Context only: a market's level or valuation does not tell you how any scheme will perform. Explore all markets.
Direct or Regular for this scheme?
The Regular plan's expense ratio is 1.66% a year and the Direct plan's 1.07%, a gap of 0.59%; over the last 3 years the Direct plan returned 0.76 percentage points a year more. On a ₹25,000 monthly SIP for 20 years (illustration at 12% a year before costs) the gap adds up to about ₹13,74,535.
With the Regular plan, that cost pays a distributor to help you plan, choose and review funds, and stay invested when markets fall. Whether it is worth it depends on how much of that you will do yourself.
TER: AMFI TER disclosure. Returns: AMFI NAVs. Illustration, not a guaranteed saving or return.
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Viral Shah | n/a | |
| Dhaval Patel | 8 Mar 2023 | |
| Jaimin Ilavia | 11 Jun 2026 |
Objective: 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.
Stated asset allocation: Instruments Indicative allocations (% of total assets) Equity & Equity related instruments : Minimum 65% - Maximum 100% Debt and money market instruments* : Minimum 0% - Maximum 35% Risk Profile Equity & Equity related instruments - High to Very High Debt and money market instruments* - Low to Medium *TREPS, Government Repo / Reverse Repo (in Government Securities), Treasury bills, Government securities (Issued by both Central and State governments) and any other like instruments as specified by the Reserve Bank of India from time to time and approved by SEBI from time to time. Please refer SID for Further details
Benchmark (tier 1): Nifty 50 Arbitrage Index
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…
Minimum application: ₹5,000
Allotment date: 1 Aug 2022
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
Cost, size and riskometer as disclosed to AMFI
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Regular plan | 1.66% | 2.07% |
| AUM, whole scheme (₹ crore) | 234 | 1,648 |
| Riskometer | Low | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
Official benchmark and category consistency
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | 5.7% | 7.3% TRI |
| Return, 3 years (AMFI) | 6.1% | 7.4% TRI |
| Month-ends above category median (3Y CAGR) | 0% | 26% median |
| Month-ends in category top quartile (3Y) | 0% | 0% median |
Official benchmark: Nifty 50 Arbitrage Index (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Arbitrage Regular plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Benchmark | Difference |
|---|---|---|---|
| 2026 YTD | 4.0% | n/a | – |
| 2025 | 5.6% | n/a | – |
| 2024 | 6.9% | n/a | – |
| 2023 | 6.7% | n/a | – |
No free benchmark proxy for this category. The first year starts from the first 31 December in the scheme's history.
Monthly SIP of ₹10,000 first business day of each month, ending 1 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,23,361 | 5.2% |
| 3 years | ₹3,60,000 | ₹3,92,286 | 5.7% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
Scheme facts
AMC: NJ Mutual Fund
Category: Arbitrage
Plan / option: Regular · Growth
AMFI scheme code: 150366
ISIN: INF0J8L01057
First NAV in MFIC data: 2 Aug 2022
History: 4.2 years
Portfolio holdings: see the scheme's monthly portfolio disclosure on the fund house website
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| Sundaram Arbitrage Fund(Formerly Known as Prinicpal Arbitrage Fund) | Arbitrage | 0.92 | 6.4% |
| DSP Arbitrage fund | Arbitrage | 0.90 | 6.5% |
| Bajaj Finserv Arbitrage Fund | Arbitrage | 0.89 | 6.2% |
| BANK OF INDIA ARBITRAGE FUND | Arbitrage | 0.88 | 6.2% |
| BARODA BNP PARIBAS ARBITRAGE FUND | Arbitrage | 0.87 | 6.4% |
| Union Arbitrage Fund | Arbitrage | 0.86 | 6.6% |
Questions about NJ Arbitrage Fund
- What is the latest NAV of NJ Arbitrage Fund?
- The NAV of the Regular plan (growth option) was ₹12.7892 on 1 Oct 2026, as published by AMFI.
- Which category is NJ Arbitrage Fund in?
- It is classified as Arbitrage in AMFI's daily NAV file; a Arbitrage scheme holds largely hedged equity arbitrage positions. MFIC compares it with 41 Arbitrage schemes (Regular plans).
- What returns has NJ Arbitrage Fund delivered?
- Over one year the NAV changed by 5.5%. The 3-year CAGR is 6.0% (category median 6.6%). Returns are after expenses and before tax. Past performance may or may not be sustained in future.
- How consistent have its 3-year returns been?
- Measuring a 3-year CAGR from every business day in its history, the median was 6.4%, the lowest was 6.0%, and 100% of 3-year periods ended with a gain.
- What was the largest fall in NJ Arbitrage Fund's NAV?
- The largest peak-to-trough fall in its available history was 0.7%.
- How volatile is NJ Arbitrage Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 0.8%, which is above the Arbitrage category median of 0.6%.
- What would a monthly SIP in NJ Arbitrage Fund have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 3 years (36 instalments, ₹3,60,000 invested) would have been worth about ₹3,92,286 on 1 Oct 2026, an annualised return (XIRR) of 5.7%. This uses the Regular plan's NAVs, ignores taxes and exit loads, and past performance may or may not be sustained in future.
- What is the expense ratio (TER) of NJ Arbitrage Fund?
- The total expense ratio of the Regular plan is 1.66% a year, as disclosed to AMFI (median of Arbitrage Regular plans: 2.07%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is NJ Arbitrage Fund?
- Assets under management of the whole scheme were ₹234 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of NJ Arbitrage Fund?
- AMFI lists the scheme's riskometer as “Low”, and its benchmark's as “Low”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- What is the benchmark of NJ Arbitrage Fund and how has it compared?
- Its official benchmark is the Nifty 50 Arbitrage Index. Over 3 years AMFI reports a return of 6.1% for this plan against 7.4% for the benchmark total return index. Past performance does not indicate future results.
- How often has NJ Arbitrage Fund beaten its category?
- At 0% of the 14 month-ends compared over the last 10 years, its 3-year return was above the median of Arbitrage schemes (Regular plans); it was in the top quarter at 0% of them. A typical scheme would show about 50%.
- Who manages NJ Arbitrage Fund?
- According to its Scheme Summary Document, NJ Arbitrage Fund is managed by Viral Shah, Dhaval Patel (since 8 Mar 2023), Jaimin Ilavia (since 11 Jun 2026).
- What is the exit load of NJ Arbitrage Fund?
- As stated in its scheme documents: 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… Check the latest Scheme Information Document before investing, as loads can change.
- What is the minimum investment in NJ Arbitrage Fund?
- The minimum application amount is ₹5,000. SIP details: SIP: Rs. 1000/- and in multiple of Rs. 1/- thereafter STP and SWP Rs. 500/- and in multiple of Rs. 1/-thereafter.
- What is the difference between the Direct and Regular plans?
- Both plans hold the same portfolio; the Regular plan includes distribution costs in its expense ratio. Over one year the Direct plan's NAV changed by 6.2% and the Regular plan's by 5.5%. The Regular plan includes the services of a distributor.
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Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 1 Oct 2026. Category medians use Regular plans in the same AMFI category. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance may or may not be sustained in future. This page is for research and education only and is not investment advice or a recommendation to buy, sell or hold any scheme. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Methodology.