Hybrid · Arbitrage

NJ Arbitrage Fund

NJ Mutual Fund

Benchmark

Nifty 50 Arbitrage Index

Riskometer

Low

Size

₹240 cr

Allotted

1 Aug 2022

Holdings as of

Not on record

NJ Arbitrage Fund is a arbitrage fund of NJ Mutual Fund with ₹240 cr under management. It is ahead of its benchmark (Nifty 50 Arbitrage Index) in 0 of 2 periods. Its direct plan charges 1.05% a year. Viral Shah has managed it for 3.6 years.

Debt and hybrid funds: the company-level sections (scorecard, companies inside, how it is run, nearest index) are not shown. Mix, returns, costs and managers only.

What is NJ Arbitrage Fund invested in?

Mix not on record

Has NJ Arbitrage Fund beaten its benchmark?

Ahead of its benchmark, Nifty 50 Arbitrage Index, in 0 of 2 periods in AMFI's figures; +6.18% over the last year against +7.01%.

Period returns

Direct Plan, growth · 3y and longer a year

Period	Fund	Nifty 500 TRI	Ahead
1 month	+0.53%	−3.60%	—
3 months	+1.38%	−5.03%	—
6 months	+2.86%	−1.83%	—
1 year	+6.21%	−4.06%	+10.27 pts
3 years	+6.78%	+9.27%	−2.49 pts
5 years	—	+8.00%	—
10 years	—	+12.69%	—
Since start from 2 Aug 2022	+6.82%	—	—

Valarth price history to 14 Oct 2026 · the index is the one the fund is nearest; — not on record

Official figures

AMFI performance feed, 13 Oct 2026

Ahead of its benchmark (Nifty 50 Arbitrage Index) in 0 of 2 periods.

Period	Direct	Regular	Benchmark	Ahead	Rank
1y	+6.18%	+5.46%	+7.01%	−0.83	🔒
3y	+6.74%	+5.98%	+7.30%	−0.56	🔒
5y	—	—	—	—	—
10y	—	—	—	—	—

Ahead in points a year · its rank among Arbitrage funds, and how steady the lead is, in the app

Value of 100, month-end

Aug 2022 to 14 Oct 2026

Fund 131Nifty 500 TRI 149

₹100 put in at the start of Aug 2022 would be ₹131 on 14 Oct 2026, against ₹149 in the Nifty 500 TRI.

Risk, falls and every year

🔒 Pro

Its worst fall and how long it took to recover, three-year stretches, Sharpe, beta and capture ratios, calendar years beside the index, and money in and out: in the app.

See them in the app →

What does NJ Arbitrage Fund cost?

1.05% a year on the direct plan, 1.64% on the regular plan; 4 of 40 funds in its category charge less.

Direct plan

1.05% a year

Category median 1.44%

Regular plan

1.64% a year

Category median 2.07%

Gap

0.59 points

for the same holdings

4 of 40 funds in its category charge less on the direct plan.

Expense report, Oct 2026 · Hybrid Schemes - Arbitrage Fund

What the regular plan costs you over time

🔒 Pro

The same money left for years in the direct and the regular plan, side by side, and what the commission takes: in the app.

Who manages NJ Arbitrage Fund?

Viral Shah, since 8 Mar 2023; Dhaval Patel, since 8 Mar 2023; Jaimin Ilavia, since 8 Mar 2023.

Viral Shah

3.6 years

since 8 Mar 2023

Dhaval Patel

3.6 years

since 8 Mar 2023

Jaimin Ilavia

3.6 years

since 8 Mar 2023

Benchmark as filedNifty 50 Arbitrage Index

Exit load

Nil

From 5 Scheme Summary Documents filed with NSE, first on 21 May 2026; as on 30 Aug 2026

Questions people ask

Who manages NJ Arbitrage Fund?

Viral Shah (manager) since 8 Mar 2023; Dhaval Patel (manager) since 8 Mar 2023; Jaimin Ilavia (manager) since 8 Mar 2023.

What is the expense ratio of NJ Arbitrage Fund?

1.05% a year on the direct plan and 1.64% on the regular plan (expense report, Oct 2026).

How has NJ Arbitrage Fund done?

Its direct plan returned +6.74% a year over 3 years against +7.30% for its benchmark, Nifty 50 Arbitrage Index, as of 13 Oct 2026.