NJ Arbitrage Fund Direct Growth

NJ Arbitrage Fund Direct Growth is a hybrid fund. This fund was started on 1 August, 2022. The fund is managed by Dhaval Patel, Viral Shah. This fund gives you the benefit of diversification.

1. NJ Arbitrage Fund Direct Growth has ₹269 Cr worth of assets under management (AUM) as on Aug 2025 and is more than category average.
2. The fund has an expense ratio 0.3.
   

NJ Arbitrage Fund Direct Growth has given a CAGR return of 7.12% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 6.67% and 7.14% respectively.

NJ Arbitrage Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Energy, Government, Consumer Defensive, Communication, Health, Consumer Cyclical, Industrial, Utilities, Basic Materials, Real Estate.

As it is a arbitrage fund mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Long term gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

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.

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 100.00. NJ Arbitrage Fund Direct Growth has no lock in period.