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NJ Mutual Fund

AUM
₹7,116.90 cr.
No. of Schemes
8
AMC Age
20Yrs
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

List of Top NJ Mutual Fund Schemes

Fund Name
NAV
Expenses Ratio
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3Y Returns
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Fund Size (in Cr)

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

Founding dateApril 30, 2021
AMC Incorporation dateOctober 21, 2005
Headquarters inMumbai
Name of the sponsorsNJ India Invest Private Limited (NJII)
Trustee organisationNJ Trustee Private Limited
MD and CEOMr. Vineet Nayyar
Investor Service OfficerMr. Raja Ballapuram
Compliance OfficerMs. Punam Upadhyay

NJ Mutual Fund Managers

DP

Dhaval Patel

Fund Manager since Mar 2024 (2 years)

VS

Viral Shah

Fund Manager since Aug 2023 (3 years)

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. 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:

  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.

Top NJ Mutual Funds to Invest

NameAUMAbsolute Returns 1Y↓CAGR 3Y
NJ Balanced Advantage Fund3,712.637.0912.64
NJ Arbitrage Fund270.136.367.13
NJ Overnight Fund360.215.546.29
NJ ELSS Tax Saver Scheme309.237.88 
NJ Flexi Cap Fund2,463.617.06 

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.

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NJ Mutual Fund FAQs

NJ Mutual Fund comes under the NJ Group, which has a strong presence in the financial industry in India. They launched their first fund in 2021 and have well-experienced fund managers. However, you must evaluate a fund based on factors such as risk, volatility, and your return expectations.
You can start investing in NJ MF SIP online in several ways. One of them is through AMC’s official website. But for a seamless experience, you can do it via Angel One.
For online investments, you can redeem your units in three ways. First, via the Angel One App under the Mutual Funds section. Second, by visiting https://www.angelone.in/mutual-funds. Finally, you can also redeem your NJ Mutual Fund units by visiting AMC's website.
It takes T+2 working days to redeem NJ Mutual Fund units. On Angel One, you can see the tentative date of the transaction, which helps in planning your finances well.
Redemption charges depend on the type of mutual fund you want to sell. You can check with the AMC for more details.
You can do this in three ways - by visiting https://www.angelone.in/mutual-funds, the Angel One App or the AMC’s official website.
Getting the NJ Mutual Fund account statement is simple. Head to the Mutual Funds section in the Angel One App or visit https://www.angelone.in/mutual-funds. Alternatively, you can get the statement by visiting the AMC’s official website.
Not all schemes are tax-free. As with any other ELSS, the one offered by NJ MF also comes with tax benefits. By investing in NJ MF ELSS Funds, you can claim a tax deduction of up to ₹1.5 lakh under Section 80C every financial year.
The best NJ Mutual Fund depends on various factors personal to you (risk tolerance and return expectation) and regarding the fund’s performance (volatility, returns, risk, AUM, tracking error, and expense ratio). Choose a fund only after evaluating it based on the above factors. Also, take a look at the fund’s historical performance and how experienced the fund manager is.
  1. Type of the fund - debt fund or equity fund
  2. Holding period - short term or long term. Note that the definition of short- and long-term depends on the type of fund
  3. Total capital gains on selling the fund
  4. Dividends received
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