NJ Arbitrage Fund
The scheme seeks 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.
Growthvine rating: 2/5 — ranked #22 of 38 in category.
Fund basics
| Category | Hybrid: Arbitrage |
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| NAV | ₹12.75 (as of 2026-08-21) |
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| AUM | ₹273 Cr |
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| Expense ratio | 0.75% |
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| Riskometer | Low |
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| Fund manager | Jaimin Ilavia |
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| Exit load | 0 |
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Performance & risk
| Sharpe ratio | 0.67 |
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| Standard deviation | 0.52% |
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| Max drawdown | -0.63% |
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| Alpha | 0 |
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| Beta | 0 |
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Over 5 years, captured 25.0% of NIFTY Multi Asset - Equity : Arbitrage : REITs/InvITs (50:40:10) Index's upside and -24.5% of its downside.
Market cap allocation
Concentration
| Top 5 holdings | 0.0% |
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| Top 10 holdings | 0.0% |
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| Total holdings | 66 |
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Top holdings
- Net Receivables/Payables (FnO) — 82.5%
- Bharti Airtel Ltd. — 7.3%
- Reliance Industries Ltd — 7.0%
- Kotak Mahindra Bank Ltd. — 6.3%
- Clearing Corporation of India Ltd — 6.0%
- VODAFONE IDEA LIMITED — 5.2%
- Mahindra & Mahindra Ltd. — 4.3%
- Sun Pharmaceutical Industries Ltd. — 3.9%
- Adani Enterprises Ltd. — 3.5%
- ICICI Bank Ltd. — 3.1%
Top sectors
- Agricultural & Farm Machinery — 0.0%
- Automobile — 0.0%
- Aerospace & Defence — 0.0%
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | 3.7% | Q3 | #27 of 35 |
| 2025 | 5.6% | Q4 (Bottom) | #29 of 31 |
| 2024 | 6.9% | Q4 (Bottom) | #25 of 27 |
| 2023 | 6.7% | Q3 | #19 of 25 |