NJ Mutual Fund
AUM
₹6,922.32 cr.
No. of Schemes
12
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 | Action | ||||||
|---|---|---|---|---|---|---|---|
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 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 |
NJ Mutual Fund Managers
DP
Fund Manager since Mar 2024 (2 years)
VS
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:
- Search for the fund you want to invest in or take cues from funds listed by Angel One across categories.
- 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.
- Evaluate the fund’s level of risk and weigh it against your risk tolerance.
- Check the fund’s ratings given by reputed rating agencies. Generally, the ratings range from 1 to 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.
- Decide whether you want to invest via SIP or make a one-time investment
- 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
- 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
| 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 |
1. NJ Balanced Advantage Fund
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.2. NJ Overnight Fund
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.3. NJ Arbitrage Fund
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.4. NJ ELSS Tax Saver Scheme
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.5. NJ Flexi Cap Fund
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.NJ Mutual Fund FAQs
Should I invest in the NJ Mutual Fund scheme?
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.
How to start NJ Mutual Fund SIP online?
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.
How to redeem NJ Mutual Funds online?
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.
How much time does it take to redeem NJ Mutual Fund?
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.
What are the redemption charges of NJ Mutual Fund?
Redemption charges depend on the type of mutual fund you want to sell. You can check with the AMC for more details.
How to increase the SIP amount in a NJ Mutual Fund?
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.
How can I get the NJ Mutual Fund statement?
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.
Are NJ Mutual Fund schemes tax-free?
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.
What is the best NJ Mutual Fund?
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.
What determines the taxes on mutual fund returns?
- Type of the fund - debt fund or equity fund
- Holding period - short term or long term. Note that the definition of short- and long-term depends on the type of fund
- Total capital gains on selling the fund
- Dividends received
