NJ Mutual Fund, established in 2021, is managed by NJ Trustee Limited. With a focus on quality and rule-based investment, NJ Mutual Fund offers a range of schemes for various investment needs. Read More
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Fund Name
|
Ratings
 |
Risk
|
3Y Returns
|
AUM
|
|
|---|---|---|---|---|---|
|
NJ Balanced Advantage Fund Direct Plan IDCW Payout Payout Hybrid Dynamic Asset Allocation or Balanced Advantage |
Moderately High |
9.6% |
₹3,691.87 cr. |
||
|
NJ Balanced Advantage Fund Hybrid Dynamic Asset Allocation or Balanced Advantage |
Moderately High |
9.6% |
₹3,691.87 cr. |
||
|
NJ Flexi Cap Fund Equity Flexi Cap Fund |
Very High |
0% |
₹2,027.79 cr. |
||
|
NJ Arbitrage Fund Hybrid Arbitrage Fund |
Low |
0% |
₹286.49 cr. |
||
|
NJ Overnight Fund Debt Overnight Fund |
Low |
0% |
₹216.48 cr. |
||
|
NJ ELSS Tax Saver Scheme Equity ELSS |
Very High |
0% |
₹247.70 cr. |
||
|
NJ Flexi Cap Fund Direct Plan IDCW Payout Equity Flexi Cap Fund |
Very High |
0% |
₹2,027.79 cr. |
||
|
NJ ELSS Tax Saver Scheme Direct IDCW Payout Equity ELSS |
Very High |
0% |
₹247.70 cr. |
NJ Wealth Mutual Fund is sponsored by NJ India Invest Private Limited (NJII), which is a flagship company of NJ Group. NJII was established in 1994 to cater to the various requirements of investors in the financial services sector. And being the sponsor of NJ Mutual Fund, NJII is obligated to fulfil its duties and obligations to the Fund in compliance with the regulations set forth by the Securities and Exchange Board of India (Mutual Funds). NJ Mutual Fund operates under the trusteeship of NJ Trustee Limited.
In 2009, the company got approval to launch its Portfolio Management Services (PMS). In 2021, they got a licence to launch their mutual fund schemes. This was followed by the launch of their first mutual fund scheme, NJ Balanced Advantage Fund, in October 2021. In 2022, they launched the NJ Arbitrage Fund and NJ Overnight Fund, followed by the NJ ELSS Tax Saver Scheme in 2023. NJ Group Mutual Fund follows a rule-based and quality-focused investment approach. Though they offer a limited number of mutual funds, they ensure to follow their four main investment factors: quality, value, low volatility and momentum.
NJ Group is one of the largest mutual fund distributor groups in India. As of September 2023, they have more than 31,400 active distributors and the Assets Under Management (AUM) is more than ₹1,60,000 crore. They are established in over 165 locations in 19+ states with over 1,800 employees.
| Founding date | April 30, 2021 |
| AMC Incorporation date | October 21, 2005 |
| Headquarters in | Mumbai |
| Name of the sponsors | NJ India Invest Private Limited (NJII) |
| Trustee organisation | NJ Trustee Private Limited |
| MD and CEO | Mr. Vineet Nayyar |
| Investor Service Officer | Mr. Raja Ballapuram |
| Compliance Officer | Ms. Punam Upadhyay |
VS
Viral Shah
Fund Manager since Mar 2023 (2 years)
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Mr. Viral Shah, a seasoned fund manager with over 20 years of experience, currently leads Rule-Based funds management at NJ Group. He masterminded innovative strategies such as MARS and PMS. His educational background complements his analytical approach
DP
Dhaval Patel
Fund Manager since Aug 2023 (1 year)
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Mr. Dhaval Patel is a seasoned Fund Manager at NJ Group, holding a Master's degree in Computer Applications. With over 16 years in financial services, he specializes in research and analysis of Fixed Income and Mutual Fund products. Mr. Patel has been a key part of NJ Group since 2006.
Investing in the NJ Mutual Fund is a hassle-free process when done through your Angel One account. You just have to follow these steps:
Step 1: Log in to your Angel One account by entering your mobile number and validate the OTP. Next, enter your MPIN.
Note: In case you do not have an account with Angel One, you can open a demat account with us in under a few minutes by submitting the necessary documents.
Step 2: Determine which fund is most suited based on your needs and risk profile. You can learn more about each fund on the Angel One app. Things to consider at this stage are:
Step 3: Once you finalise the fund(s) you want to invest in, open your Angel One account, go to the Mutual Funds section, and look for it. Since this can be a long-term investment, be careful when choosing the fund that you would like to invest in.
| Scheme | Category | AUM (in ₹ Cr) | 3-Yr Returns (%) | 1 Yr Return (%) |
| NJ Balanced Advantage Fund | Hybrid | 3,836.81 | 11.7 | 1.5 |
| NJ Overnight Fund | Debt | 165.17 | 0.0 | 6.7 |
| NJ Arbitrage Fund | Equity | 304.06 | 0.0 | 7.5 |
| NJ ELSS Tax Saver Scheme | Equity | 246.77 | 0.0 | -2.4 |
| NJ Flexi Cap Fund | Equity | 1,977.83 | 0.0 | -3.5 |
Note: The above data is as of February 2025, and the selected funds have demonstrated the highest Compound Annual Growth Rate (CAGR) among NJ Mutual Funds over the past 3 years.
The NJ Balanced Advantage Fund is an open-ended dynamic asset allocation scheme that aims to provide long-term capital appreciation and income generation by dynamically adjusting its allocation between equity and debt instruments based on market conditions.
The fund is managed by Viral Shah and Dhaval Patel and is benchmarked against the NIFTY 50 Hybrid Composite Debt 50:50 Index. The fund has no entry load, while an exit load of 1% applies to redemptions made within 1 year from the date of allotment.
The NJ Overnight Fund is an open-ended debt scheme that invests in overnight securities, aiming to provide reasonable returns with low risk and high liquidity.
The fund is managed by Viral Shah and Dhaval Patel and is benchmarked against the NIFTY 1D Rate Index. The fund has no entry load, and there is no exit load applicable for redemptions.
The NJ Arbitrage Fund is an open-ended scheme investing in arbitrage opportunities in cash and derivative segments of equity markets. The scheme aims to generate income by taking advantage of the price differentials between the cash and derivative markets.
The fund is managed by Viral Shah and Dhaval Patel and is benchmarked against the NIFTY 50 Arbitrage Index. The fund has no entry load, while an exit load of 0.25% applies to redemptions made within 30 days from the date of allotment.
The NJ ELSS Tax Saver Scheme is an open-ended equity-linked savings scheme with a statutory lock-in period of 3 years, offering tax benefits under Section 80C of the Income Tax Act.
The fund is managed by Viral Shah and Dhaval Patel and is benchmarked against the NIFTY 500 Total Return Index. The fund has no entry load, and due to the lock-in period, no exit load is applicable.
The NJ Flexi Cap Fund is an open-ended dynamic equity scheme that invests across large-cap, mid-cap, and small-cap stocks. The fund aims to achieve long-term capital appreciation by identifying investment opportunities across various sectors and market capitalisations.
The fund is managed by Dhaval Patel and Viral Shah and is benchmarked against the NIFTY 500 TRI. The fund has no entry load, while an exit load of 1% applies to redemptions made within 1 year from the date of allotment.
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