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 |
11.85% |
₹4,020.03 cr. |
||
|
NJ Balanced Advantage Fund Hybrid Dynamic Asset Allocation or Balanced Advantage |
Moderately High |
11.85% |
₹4,020.03 cr. |
||
|
NJ Flexi Cap Fund Equity Flexi Cap Fund |
Very High |
0% |
₹1,880.27 cr. |
||
|
NJ Arbitrage Fund Hybrid Arbitrage Fund |
Low |
0% |
₹351.63 cr. |
||
|
NJ Overnight Fund Debt Overnight Fund |
Low |
0% |
₹212.88 cr. |
||
|
NJ ELSS Tax Saver Scheme Equity ELSS |
Very High |
0% |
₹251.17 cr. |
||
|
NJ Flexi Cap Fund Direct Plan IDCW Payout Equity Flexi Cap Fund |
Very High |
0% |
₹1,880.27 cr. |
||
|
NJ ELSS Tax Saver Scheme Direct IDCW Payout Equity ELSS |
Very High |
0% |
₹251.17 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 | Rajiv Shastri |
| Compliance Officer | Punam Upadhyay |
RS
Rishi Sharma
Fund Manager since Jul 2022 (2 years)
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Rishi Sharma did his PGDBA in Finance from IES Management College and Research Centre in Mumbai. Before starting work at NJ Asset Management as a Fund Manager, he worked as Managing Partner at Ashvattha Group, as AVP of Systematic Trading at IIFL, as a Quantitative Analyst at Suyash Advisors and the MAPE Group.
VS
Viral Shah
Fund Manager since Mar 2023 (1 year)
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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.
| Name of the Fund | Sub Category | AUM (₹ in crore) | Minimum Investment (₹) | Absolute Returns 1Y (%) |
| NJ Balanced Advantage Fund | Balanced Advantage Fund | 3,671.66 | 500 | 15.62% |
| NJ Arbitrage Fund | Arbitrage Fund | 339.54 | 5,000 | 7.16 |
| NJ Overnight Fund | Overnight Fund | 131.18 | 5,000 | 6.46 |
| NJ Flexi Cap Fund | Flexi Cap Fund | 504.38 | 500 | – |
| NJ ELSS Tax Saver Scheme | Equity Linked Savings Scheme (ELSS) | 123.41 | 500 | – |
**All data as of October 11, 2023.
Note: These 5 funds from NJ Mutual Fund are sorted as per the 1-yr Absolute Return.
This Balanced Advantage Fund by NJ Mutual Fund holds assets worth ₹3,671.66 crore. The fund has an expense ratio of 0.60%. Investors can start investing in NJ Balanced Advantage Fund with a minimum amount of ₹500. Balanced Advantage Funds invest in a mix of equities and fixed-income securities to provide a balance between growth potential and stability.
This fund from NJ Mutual Fund falls under the category of flexi-cap funds. The fund manages assets worth ₹504.38 crore and has an expense ratio of 0.38%. The minimum investment required to invest in this fund is ₹500. Being a flexi-cap fund, the fund invests in a diversified portfolio of equities across market capitalisations, offering flexibility to the fund manager to choose stocks based on market conditions and growth potential.
NJ Arbitrage Fund comes under the category of arbitrage funds. The fund manages assets worth ₹339.54 crore, and the expense ratio for this fund is 0.31%. The minimum investment required to invest in this fund is ₹5,000. Being an arbitrage fund, the fund uses the strategy of simultaneously buying and selling securities in various markets to make use of price differences.
This is an overnight fund from NJ Mutual Fund. It holds assets worth ₹131.18 crore, and the expense ratio for this fund is 0.05%. The minimum investment required to invest in this fund is ₹5,000. Overnight funds invest in very short-term debt instruments with a maturity of one day.
The NJ ELSS Tax Saver Scheme comes under the category of Equity Linked Savings Scheme (ELSS) fund. It holds assets worth ₹123.41 crore, and the expense ratio for this fund is 0.61%. The minimum investment required to invest in this fund is ₹500. ELSS funds primarily invest in equity and equity-related instruments and offer tax benefits.
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