NJ Mutual Fund was set up as a trust on November 11, 2020, with NJ India Invest Private Limited as the Sponsor and NJ Trustee Private Limited as the Trustee of the Mutual Fund. The Mutual Fund was registered with SEBI on April 30, 2021. The assets under management of the schemes of NJ Mutual Fund as of Dec 31, 2024 (on the last day of the quarter) was Rs. 6,69,547.93 Lacs, and the average assets under management for the quarter that ended on December 31, 2024, was Rs. 677376.08 Lacs. The total number of investors’ folio counts under the schemes of NJ Mutual Fund as of March 31, 2024, was 272,540.
NJ India Invest Private Limited sponsors NJ Mutual Fund. NJII is the flagship company of the NJ Group. NJII was established by Mr. Niraj Choksi & Mr. Jignesh Desai in 1994 to cater to growing investor demands in the evolving financial services industry. NJ Group operates businesses of financial products distribution, insurance broking, asset management, credit /loans and offshore funds distribution.
NJ India, the flagship company of NJ Group, is one of the leading players in the Indian financial services industry and is known for its substantial mutual funds and insurance distribution capabilities. Over 38,000 mutual fund sub-distributors/associates are employed on the NJ India distribution platform.
Key Information About NJ Mutual Fund
How to Invest in the NJ Mutual Fund
Investing in the best NJ Mutual Funds can be a complex process. To make it easier, here is a step-by-step guide:
1. Choose Your Mutual Fund Type
According to your risk tolerance (low, mid, or high) and financial goals, choose your mutual types, such as equity, debt, hybrid, index, and sector funds.
2. Select a Mutual Fund Scheme
After carefully analysing the historical returns, expense ratio, reviews, and ratings of different schemes, choose your preferred NJ Mutual Fund.
3. Login or Open a Demat Account
Log in to your Stack Wealth account. If you do not have an account, you can register with your mobile number and create a new one immediately.
4. Complete KYC (Know Your Customer) Requirements
The next step involves providing personal information and verifying identity. You must upload a government-issued ID such as PAN, Aadhar and proof of address. Follow the instructions in the app to complete this step smoothly.
5. Select Investment Mode (SIP or lumpsum)
If you prefer regular, disciplined investing, you can set up a periodic systematic investment plan (SIP). You can also make a lump-sum investment if you have a large amount to invest. Select the investment period of your choice.
6. Confirm and Track Your Investment
After setting up your investment, sit back and watch your money grow. The Stack Wealth app will provide regular updates and reports on your portfolio’s performance. You can also adjust your investments or withdraw funds as needed.
List of Best NJ Mutual Funds in India
Here is the list of some of the best NJ Mutual Funds in India:
Detailed Overview of NJ Mutual Fund Schemes
Now, let’s discuss these 5 NJ Mutual Fund schemes in detail:
1. NJ Balanced Advantage Fund - Direct Plan-Growth
NJ Balanced Advantage Fund is an open-ended dynamic asset allocation fund. The scheme generates capital appreciation by dynamically allocating assets between equity and specified debt securities.
- Fund Performance: The fund's annualized returns for the past six months and three years have been around -12.07% and 11.26%, respectively.
- Minimum Investment Amount: The minimum lump sum for the NJ Balanced Advantage Fund is ₹500; for Min Add Lumpsum, it is ₹500; for SIP, it is ₹100.
2. NJ Arbitrage Fund - Direct Plan-Growth
NJ Arbitrage Fund is an open-ended scheme investing in arbitrage opportunities in the equity market (cash and derivatives segment) and by investing the balance in debt and money market instruments. The objective of the scheme is to generate capital appreciation and income.
- Fund Performance: The fund's annualized returns for the past three and six months have been around 1.76% and 3.39%, respectively.
- Minimum Investment Amount: The minimum lump sum for the NJ Arbitrage Fund is ₹5,000; for Min Add Lumpsum, it is ₹500; for SIP, it is ₹100.
3. NJ Overnight Fund - Direct Plan-Growth
NJ Overnight Fund is an open-ended debt scheme investing in overnight securities with a relatively low interest rate risk and relatively low credit risk. The aim is to generate returns proportional to the risk of overnight Instruments investments.
- Fund Performance: The fund's annualized returns for the past six months and three years have been around 1.58% and 3.19%, respectively.
- Minimum Investment Amount: The minimum lump sum for the NJ Overnight Fund is ₹5,000; for Min Add Lumpsum, it is ₹500; for SIP, it is ₹100.
4. NJ ELSS Tax Saver Scheme - Direct Plan-Growth
NJ ELSS Tax Saver Scheme is an open-ended equity-linked saving scheme investing in a diversified portfolio of predominantly equity and equity‐related instruments with a statutory lock-in of three years and tax benefit. The scheme’s investment goal is to generate income and long-term capital appreciation.
- Minimum Investment Amount: The minimum lump sum for the NJ ELSS Tax Saver Scheme is ₹500; for Min Add Lumpsum, it is ₹500; for SIP, it is ₹500.
5. NJ Flexi Cap Fund - Direct Plan-Growth
NJ Flexi Cap Fund is an open-ended dynamic equity scheme investing in equity and equity-related instruments across market capitalisations to generate long-term capital appreciation.
- Minimum Investment Amount: The minimum lump sum for the NJ Flexi Cap Fund is ₹500; for Min Add Lumpsum, it is ₹500; for SIP, it is ₹100.
Top Fund Managers
Below is the list of people who have made NJ Mutual Fund Investment a standout choice in a highly competitive market.
Mr. Viral Shah
Mr. Viral Shah is a fund manager at NJ Mutual Fund and has over 20 years of experience in rule-based funds management, with an analytical bent. He has architected various rule-based investment approaches, such as the MARS and PMS strategies at the NJ Group.
Dhaval Patel
Dhaval Patel is the Co. Fund Manager at NJ Mutual Fund. He joined NJ Mutual Fund in 2023 as a Data Research Analyst and soon was promoted to co. Fund manager position. Previously, he worked as a Data Research Analyst at NJ India Invest Pvt Ltd from Feb 2006 to Dec 2022.
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