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 #21 of 38 in category.
Fund basics
| Category | Hybrid: Arbitrage |
|---|---|
| NAV | ₹12.79 (as of 2026-10-01) |
| AUM | ₹239 Cr |
| Expense ratio | 0.75% |
| Riskometer | Low |
| Fund manager | Jaimin Ilavia |
| Exit load | 0 |
Performance & risk
| Sharpe ratio | 0.17 |
|---|---|
| Standard deviation | 0.65% |
| Max drawdown | −0.69% |
| Alpha | 0 |
| Beta | 0 |
Over 5 years, captured 24.5% of NIFTY Multi Asset - Equity : Arbitrage : REITs/InvITs (50:40:10) Index's upside and −26.2% of its downside.
Market cap allocation
Concentration
| Top 5 holdings | 0.0% |
|---|---|
| Top 10 holdings | 0.0% |
| Total holdings | 61 |
Top holdings
- Net Receivables/Payables (FnO) — 84.7%
- Kotak Mahindra Bank Ltd. — 7.9%
- Bharti Airtel Ltd. — 7.0%
- Reliance Industries Ltd — 6.8%
- VODAFONE IDEA LIMITED — 6.6%
- Sun Pharmaceutical Industries Ltd. — 4.5%
- Adani Enterprises Ltd. — 3.9%
- Clearing Corporation of India Ltd — 3.7%
- Canara Bank — 3.3%
- HDFC Bank Ltd. — 3.3%
Top sectors
Not disclosed.
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|---|---|---|
| 2026 (partial) | 4.0% | Q4 (Bottom) | #32 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 |