GMP IPO Watch
NJ Arbitrage Fund
Direct Plan · Growth Option · NJ Mutual Fund
Returns
Annualised (CAGR) returns for periods over a year.
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Rank in Category
| Period | This Fund | Category Avg. | Rank |
|---|---|---|---|
| 1W | +0.22% | +0.16% | 3 of 40 |
| 1M | +0.66% | +0.60% | 25 of 40 |
| 3M | +1.60% | +1.40% | 29 of 39 |
| 6M | +3.12% | +2.58% | 28 of 38 |
| YTD | +4.98% | +3.98% | 25 of 40 |
| 1Y | +6.47% | +5.39% | 24 of 33 |
| 2Y | +6.41% | +5.41% | 22 of 28 |
| 3Y | +6.85% | +5.71% | 20 of 26 |
| INCEPTION | +6.86% | — | — |
Ranked among: Hybrid Scheme - Arbitrage Fund.
Rolling Returns
| Period | Average | Best | Worst | Positive Periods | Consistency |
|---|---|---|---|---|---|
| 3M | +1.69% | +2.31% | +1.04% | 100% | 41% |
| 6M | +3.44% | +4.50% | +2.51% | 100% | 41% |
| 1Y | +7.07% | +8.38% | +5.69% | 100% | 43% |
| 2Y | +7.12% | +7.74% | +6.18% | 100% | 43% |
| 3Y | +7.07% | +7.28% | +6.72% | 100% | 43% |
Rolling returns show the average, best and worst outcome an investor would have seen entering at any point in the window.
NAV History
AUM Trend (₹ Cr, quarterly average)
Expense Ratio Trend
Portfolio · Sep 2026
Asset Allocation
- Equity80.37%
- Debt14.59%
- Cash5.05%
- Other0.00%
Market Cap Split
- Large Cap71.54%
- Mid Cap6.92%
- Small Cap1.93%
- Others19.61%
Fundamentals
| Fund | Category | |
|---|---|---|
| P/E | 15.29 | 16.94 |
| P/B | 2.36 | 2.39 |
| Price / Sales | 2.83 | 2.52 |
| Price / Cash Flow | 12.68 | 12.32 |
| Dividend Yield (%) | 1.23 | 1.52 |
Holdings · Sep 2026
| Holding | Sector | Weight | Change (1M) |
|---|---|---|---|
| Kotak Bank | Banks | 7.11% | -0.80% |
| Reliance Industries | Petroleum Products | 6.48% | -0.37% |
| Vodafone Idea | Telecom - Services | 6.08% | -0.53% |
| Bharti Airtel | Telecom - Services | 5.73% | -1.27% |
| HDFC Bank | Banks | 5.56% | +2.28% |
| Sun Pharmaceutical | Pharmaceuticals & Biotechnology | 4.20% | -0.31% |
| Clearing Corporation of India Ltd | Net Current Assets | 4.18% | — |
| Adani Enterprises | Metals & Minerals Trading | 4.06% | +0.13% |
| ICICI Bank | Banks | 3.43% | +0.61% |
| Canara Bank | Banks | 3.16% | -0.14% |
| 364TB31126 | Money Market | 2.61% | +0.05% |
| 364T291026 | Money Market | 2.55% | +1.30% |
| 182 Days Tbill (MD 08/10/2026) | Money Market | 2.13% | +0.04% |
| UltraTech Cement | Cement & Cement Products | 2.08% | -0.06% |
| ITC | Diversified FMCG | 2.03% | +0.09% |
View all 137 holdings
| Biocon | Pharmaceuticals & Biotechnology | 2.01% | -0.19% |
| Mahindra & Mahindra | Automobiles | 1.86% | -0.18% |
| Adani Power | Power | 1.64% | +0.08% |
| Bank of Baroda | Banks | 1.61% | -0.03% |
| Bajaj Finance | Finance | 1.60% | -0.13% |
| Axis Bank | Banks | 1.47% | -0.06% |
| State Bank of India | Banks | 1.41% | -0.12% |
| SBI Life Insurance | Insurance | 1.38% | -0.02% |
| Tata Steel | Ferrous Metals | 1.30% | +0.02% |
| 364 Days Tbill (MD 02/10/2026) | Money Market | 1.28% | +0.03% |
| Yes Bank | Banks | 1.25% | -0.09% |
| 364TB25227 | Money Market | 1.25% | +0.03% |
| 364TB19327 | Money Market | 1.25% | +0.03% |
| Steel Authority of India | Ferrous Metals | 1.20% | -0.07% |
| Eicher Motors | Automobiles | 1.19% | -0.11% |
| Net Receivables / (Payables) | Net Current Assets | 0.87% | — |
| Coforge | IT - Software | 0.85% | — |
| 91 Days Tbill (MD 01/10/2026) | Money Market | 0.85% | +0.02% |
| 182T191126 | Money Market | 0.85% | — |
| Larsen & Toubro | Construction | 0.84% | -0.05% |
| 364TB70127 | Money Market | 0.84% | — |
| Asian Paints | Consumer Durables | 0.77% | -0.06% |
| Bandhan Bank | Banks | 0.77% | +0.08% |
| Ambuja Cements | Cement & Cement Products | 0.77% | -0.04% |
| Infosys | IT - Software | 0.70% | -0.08% |
| NTPC | Power | 0.68% | +0.00% |
| IDFC First Bank | Banks | 0.58% | -0.02% |
| 824GOI2027 | Debt | 0.56% | +0.01% |
| Tata Power | Power | 0.49% | +0.03% |
| Indian Energy Exchange | Capital Markets | 0.48% | -0.05% |
| Pidilite Industries | Chemicals & Petrochemicals | 0.47% | -0.06% |
| LIC Housing Finance | Finance | 0.43% | +0.00% |
| Dabur India | Personal Products | 0.43% | -0.19% |
| Punjab National Bank | Banks | 0.42% | +0.00% |
| 364TB40327 | Money Market | 0.42% | +0.01% |
| HDFC Life Insurance | Insurance | 0.37% | -0.01% |
| Jio Financial Services | Finance | 0.35% | -0.03% |
| Tata Motors Passenger Vehicles | Automobiles | 0.33% | -0.02% |
| Divis Laboratories | Pharmaceuticals & Biotechnology | 0.28% | +0.00% |
| Indus Towers | Telecom - Services | 0.27% | -0.01% |
| Hindustan Aeronautics | Aerospace & Defense | 0.27% | +0.00% |
| Grasim Industries | Cement & Cement Products | 0.26% | -0.02% |
| Crompton Greaves | Consumer Durables | 0.25% | -0.03% |
| United Spirits | Beverages | 0.21% | -0.01% |
| Power Grid Corporation of India | Power | 0.17% | +0.00% |
| Hindalco Industries | Non - Ferrous Metals | 0.14% | -0.01% |
| Tata Consumer Products | Agricultural Food & other Products | 0.13% | -0.01% |
| Solar Industries | Chemicals & Petrochemicals | 0.13% | +0.00% |
| GMR Airports | Transport Infrastructure | 0.11% | +0.00% |
| Godrej Properties | Realty | 0.11% | -0.03% |
| One 97 Communications | Financial Technology (Fintech) | 0.10% | -0.63% |
| Interglobe Aviation | Transport Services | 0.10% | +0.00% |
| Torrent Pharmaceuticals | Pharmaceuticals & Biotechnology | 0.08% | +0.00% |
| Titan | Consumer Durables | 0.07% | +0.00% |
| SBI Cards | Finance | 0.04% | +0.00% |
| JSW Steel | Ferrous Metals | 0.04% | +0.00% |
| Shriram Finance | Finance | 0.03% | — |
| UPL | Fertilizers & Agrochemicals | 0.03% | +0.00% |
| Crompton Greaves Consumer Electricals Limited November 2026 Future | Consumer Durables | -0.02% | — |
| 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% | — |
| SBI Cards and Payment Services Limited October 2026 Future | Finance | -0.04% | — |
| JSW Steel Limited October 2026 Future | Ferrous Metals | -0.04% | — |
| Titan Company Limited October 2026 Future | Consumer Durables | -0.07% | — |
| Torrent Pharmaceuticals Limited October 2026 Future | Pharmaceuticals & Biotechnology | -0.08% | — |
| One 97 Communications Limited October 2026 Future | Financial Technology (Fintech) | -0.10% | — |
| InterGlobe Aviation Limited October 2026 Future | Transport Services | -0.10% | — |
| Godrej Properties Limited October 2026 Future | Realty | -0.11% | — |
| GMR Airports Limited October 2026 Future | Transport Infrastructure | -0.11% | — |
| Tata Consumer Products Limited October 2026 Future | Agricultural Food & other Products | -0.13% | — |
| Solar Industries India Limited October 2026 Future | Chemicals & Petrochemicals | -0.13% | — |
| Hindalco Industries Limited October 2026 Future | Non - Ferrous Metals | -0.14% | — |
| Power Grid Corporation of India Limited October 2026 Future | Power | -0.17% | — |
| United Spirits Limited October 2026 Future | Beverages | -0.21% | — |
| Crompton Greaves Consumer Electricals Limited October 2026 Future | Consumer Durables | -0.23% | — |
| Grasim Industries Limited October 2026 Future | Cement & Cement Products | -0.26% | — |
| Indus Towers Limited October 2026 Future | Telecom - Services | -0.27% | — |
| Hindustan Aeronautics Limited October 2026 Future | Aerospace & Defense | -0.27% | — |
| Divi's Laboratories Limited October 2026 Future | Pharmaceuticals & Biotechnology | -0.28% | — |
| Tata Motors Passenger Vehicles Limited October 2026 Future | Automobiles | -0.33% | — |
| Jio Financial Services Limited October 2026 Future | Finance | -0.35% | — |
| HDFC Life Insurance Company Limited October 2026 Future | Insurance | -0.37% | — |
| 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% | — |
| Pidilite Industries Limited October 2026 Future | Chemicals & Petrochemicals | -0.47% | — |
| Indian Energy Exchange Limited October 2026 Future | Capital Markets | -0.48% | — |
| Tata Power Company Limited October 2026 Future | Power | -0.49% | — |
| IDFC First Bank Limited October 2026 Future | Banks | -0.58% | — |
| NTPC Limited October 2026 Future | Power | -0.68% | — |
| Infosys Limited October 2026 Future | IT - Software | -0.70% | — |
| 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% | — |
| Larsen & Toubro Limited October 2026 Future | Construction | -0.84% | — |
| Coforge Limited October 2026 Future | IT - Software | -0.86% | — |
| Reliance Industries Limited November 2026 Future | Petroleum Products | -1.02% | — |
| HDFC Bank Limited November 2026 Future | Banks | -1.04% | — |
| Steel Authority of India Limited October 2026 Future | Ferrous Metals | -1.18% | — |
| Eicher Motors Limited October 2026 Future | Automobiles | -1.20% | — |
| Yes Bank Limited October 2026 Future | Banks | -1.26% | — |
| Tata Steel Limited October 2026 Future | Ferrous Metals | -1.31% | — |
| SBI Life Insurance Company Limited October 2026 Future | Insurance | -1.38% | — |
| State Bank of India October 2026 Future | Banks | -1.42% | — |
| Axis Bank Limited October 2026 Future | Banks | -1.47% | — |
| Adani Power Limited October 2026 Future | Power | -1.61% | — |
| Bajaj Finance Limited October 2026 Future | Finance | -1.61% | — |
| Bank of Baroda October 2026 Future | Banks | -1.63% | — |
| Mahindra & Mahindra Limited October 2026 Future | Automobiles | -1.86% | — |
| Biocon Limited October 2026 Future | Pharmaceuticals & Biotechnology | -2.03% | — |
| ITC Limited October 2026 Future | Diversified FMCG | -2.04% | — |
| UltraTech Cement Limited October 2026 Future | Cement & Cement Products | -2.08% | — |
| Canara Bank October 2026 Future | Banks | -3.19% | — |
| ICICI Bank Limited October 2026 Future | Banks | -3.45% | — |
| Adani Enterprises Limited October 2026 Future | Metals & Minerals Trading | -4.05% | — |
| Sun Pharmaceutical Industries Limited October 2026 Future | Pharmaceuticals & Biotechnology | -4.24% | — |
| HDFC Bank Limited October 2026 Future | Banks | -4.58% | — |
| Reliance Industries Limited October 2026 Future | Petroleum Products | -5.49% | — |
| Bharti Airtel Limited October 2026 Future | Telecom - Services | -5.76% | — |
| Vodafone Idea Limited October 2026 Future | Telecom - Services | -6.09% | — |
| Kotak Mahindra Bank Limited October 2026 Future | Banks | -7.11% | — |
Sector Allocation · Sep 2026
View all 27 sectors
Risk Metrics
Standard Deviation
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 0.36 | 0.74 | Low Volatility |
| 3Y | 0.71 | 0.56 | High Volatility |
What is this?
Risk as measured by standard deviation is a statistical measure that quantifies the amount of variation or dispersion in a set of data points relative to its mean (average).
Sharpe Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 0.75 | 0.85 | Poor Risk Adjusted Returns |
| 3Y | 0.69 | 0.83 | Poor Risk Adjusted Returns |
What is this?
Higher the value means that fund has been able to give better returns for the amount of risk taken. It helps investors understand the return of an investment compared to its risk, showing whether the returns are due to intelligent investing or simply taking on excess risk. It is calculated by subtracting the risk-free return, defined as an Indian Government Bond, from the fund's returns, and then dividing by the standard deviation of returns.
Sortino Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 1.19 | 1.62 | Poor Risk Adjusted Returns |
| 3Y | 1.09 | 1.66 | Poor Risk Adjusted Returns |
What is this?
The Sortino Ratio is a financial metric used to measure the risk-adjusted return of an investment. It's a modification of the Sharpe Ratio but with a key difference; it only considers downside risk (the risk of negative returns), rather than total volatility. This means it focuses on how well an investment performs relative to the volatility that leads to losses, ignoring the volatility that results in gains. The idea is that investors are primarily concerned with minimizing losses, and positive volatility is generally seen as a good thing.
Compare With Peers
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
|
quant Arbitrage Fund
Direct Plan · Growth Option
|
+7.75% | — | — | +7.46% |
|
WhiteOak Capital Arbitrage Fund
Direct Plan · Growth Option
|
+7.28% | — | — | +7.25% |
|
Franklin India Arbitrage Fund
Direct Plan · IDCW
|
+7.25% | — | — | +7.12% |
|
Bajaj Finserv Arbitrage Fund
Direct Plan · Growth
|
+6.72% | +7.02% | — | +7.03% |
|
PGIM India Arbitrage Fund
Direct plan · Growth
|
+6.68% | +7.08% | +6.52% | +6.11% |
|
ITI Arbitrage Fund
Direct Plan · IDCW Option
|
+6.68% | +7.31% | +6.28% | +5.54% |
|
TRUSTMF ARBITRAGE FUND
Direct Plan · Growth
|
+6.63% | — | — | +6.56% |
|
Parag Parikh Arbitrage Fund
Direct Plan · Growth
|
+6.57% | — | — | +6.97% |
|
BANK OF INDIA ARBITRAGE FUND
Direct Plan · Annual IDCW
|
+6.50% | +6.85% | +5.95% | +4.18% |
|
Invesco India Arbitrage Fund
Regular Plan · Growth
|
+6.28% | +6.77% | +6.42% | +6.56% |
More From NJ Asset Management Private Limited
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
|
NJ Overnight Fund
Direct Plan · Growth Option
|
+5.19% | +5.97% | — | +6.06% |
|
NJ Balanced Advantage Fund
Direct Plan · IDCW Payout Option
|
-1.94% | +7.32% | — | +7.16% |
|
NJ ELSS Tax Saver Fund
Direct Plan · IDCW Payout Option
|
-4.56% | +8.14% | — | +10.97% |
|
NJ Flexi Cap Fund
Direct Plan · IDCW Payout Option
|
-6.68% | +8.19% | — | +8.47% |
|
NJ Value Fund
Regular Plan · Growth Option
|
— | — | — | -41.82% |
|
NJ Momentum Fund
Direct Plan · IDCW Payout Option
|
— | — | — | -7.07% |
About This Scheme
Investment 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
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.
Fund Managers
Mr. Viral Shah, Mr. Dhaval Patel and Mr. Jaimin Ilavia
Primary
Mutual fund investments are subject to market risks. Read all scheme related documents carefully. Past performance is not indicative of future returns. Data is sourced from AMFI and fund houses via FinAPI and may lag official figures.