NJ Mutual Fund

About NJ Mutual Fund

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.

NJ Mutual Fund Key Information

How to Invest in NJ Mutual Fund via Angel One?

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. 
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:

1. Search for the fund you want to invest in or take cues from funds listed by Angel One across categories.
2. Analyse the fund’s past performance, tax incidence, and the sectors and companies in which it invests. You can also calculate the potential returns using the calculator.
3. Evaluate the fund’s level of risk and weigh it against your risk tolerance.
4. Check the fund’s ratings given by reputed rating agencies. Generally, the ratings range from 1 to 5.
5. Consider the fund’s expense ratio to get an idea about the cost of investing in it.

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.

1. Decide whether you want to invest via SIP or make a one-time investment
2. Next, decide your monthly SIP date. Now, enter the amount you want to invest and choose how you want to make the payment. UPI is the preferred mode. Alternatively, you can choose net banking
3. After placing the order, in case of the SIP route of investment, you can create an AutoPay to make hassle-free future instalments. 

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. 

Top NJ Mutual Funds to Invest

Note: The data above is as of Feb 18, 2026 and is sorted as per 3 year CAGR.

NJ Balanced Advantage Fund

NJ Balanced Advantage Fund seeks to generate capital appreciation by dynamically allocating its assets between equity and specified debt securities.

The fund has an expense ratio of 0.60% and is managed by Viral Shah and one other co manager.

NJ Arbitrage Fund

NJ Arbitrage Fund seeks to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivatives segment of the equity market, while investing the balance in debt and money market instruments.

The fund has an expense ratio of 0.26% and is managed by Dhaval Patel and one other co manager.

NJ Overnight Fund

NJ Overnight Fund seeks to generate returns commensurate with the risk of investments in overnight instruments.

The fund has an expense ratio of 0.05% and is managed by Viral Shah and one other co manager.

NJ ELSS Tax Saver Scheme

NJ ELSS Tax Saver Scheme seeks to generate income and long term capital appreciation from a diversified portfolio of predominantly equity and equity related instruments.

The fund has an expense ratio of 0.65% and is managed by Viral Shah and one other co manager.

NJ Flexi Cap Fund

NJ Flexi Cap Fund seeks to generate long term capital appreciation by investing in equity and equity related instruments across market capitalizations.

The fund has an expense ratio of 0.49% and is managed by Dhaval Patel and one other co manager.