Over a year annualised (CAGR), under a year absolute. Computed from AMFI's published
NAV history for this scheme.
Risk
Volatility
Sharpe
Sortino
Beta
Alpha
Max fall
R²
This scheme
0.7%
-0.55
-0.65
—
—
-0.7%
—
Risk-free rate 6.5%. Beta, alpha and R² are regressed on the
— months this scheme and its benchmark share.
Growth of ₹100 since launch
Every one-year period it has lived through
Windows
Worst
Median
Best
Periods that lost money
805
5.0%
6.3%
7.6%
0%
Every one-year holding period in this scheme's history, not just the last one — the
spread a real investor would have met depending only on when they started.
NJ Arbitrage Fund
Regular Plan · Growth Option
Allocation
By asset
Equity
80.37%
Debt
14.58%
By market cap
Large Cap
71.52%
Mid Cap
6.93%
Small Cap
1.92%
Unclassified
14.58%
Concentration
Number of stocks
71
Top 5 stocks
30.96%
Top 10 stocks
48.43%
Top 20 stocks
67.40%
Lines in the filing
137
Largest holding
7.11%
Largest sector
Banks 26.78%
Effective stocks
31.5
Sectors held
28
Cash
-75.65%
Effective stocks is what the concentration works out to: a fund holding
71 names but most of its money in a few
behaves like a fund of 32. Cash includes repo and TREPS, which
every fund parks money in overnight.
Sector split
Sovereign
14.58%
Cash & Equivalents
5.05%
Ferrous Metals
0.01%
NJ Arbitrage Fund
Regular Plan · Growth Option · holdings as on 30 Sep 2026
Top 30 holdings
#
Company
Sector
Shares held
Value ₹ cr
% of fund
1
Kotak Mahindra Bank Limited
Banks
400,000
17
7.11%
2
Reliance Industries Limited
Petroleum Products
128,000
15
6.48%
3
Vodafone Idea Limited
Telecom - Services
11,007,150
14
6.08%
4
Bharti Airtel Limited
Telecom - Services
76,475
13
5.73%
5
HDFC Bank Limited
Banks
183,950
13
5.56%
6
Sun Pharmaceutical Industries Limited
Pharmaceuticals & Biotechnology
54,250
10
4.20%
7
Clearing Corporation of India Ltd
Unclassified
—
10
4.18%
8
Adani Enterprises Limited
Metals & Minerals Trading
32,754
10
4.06%
9
ICICI Bank Limited
Banks
60,900
8
3.43%
10
Canara Bank
Banks
621,000
7
3.16%
11
364 Days Tbill (MD 03/12/2026)
Sovereign
618,100
6
2.61%
12
364 Days Tbill (MD 29/10/2026)
Sovereign
600,000
6
2.55%
13
182 Days Tbill (MD 08/10/2026)
Sovereign
500,000
5
2.13%
14
UltraTech Cement Limited
Cement & Cement Products
4,450
5
2.08%
15
ITC Limited
Diversified FMCG
181,125
5
2.03%
16
Biocon Limited
Pharmaceuticals & Biotechnology
127,500
5
2.01%
17
Mahindra & Mahindra Limited
Automobiles
14,800
4
1.86%
18
Adani Power Limited
Power
188,150
4
1.64%
19
Bank of Baroda
Banks
163,800
4
1.61%
20
Bajaj Finance Limited
Finance
39,000
4
1.60%
21
Axis Bank Limited
Banks
28,125
3
1.47%
22
State Bank of India
Banks
34,500
3
1.41%
23
SBI Life Insurance Company Limited
Insurance
19,125
3
1.38%
24
Tata Steel Limited
Ferrous Metals
165,000
3
1.30%
25
364 Days Tbill (MD 02/10/2026)
Sovereign
300,000
3
1.28%
26
Yes Bank Limited
Banks
1,399,500
3
1.25%
27
364 Days Tbill (MD 25/02/2027)
Sovereign
300,000
3
1.25%
28
364 Days Tbill (MD 19/03/2027)
Sovereign
300,000
3
1.25%
29
Steel Authority of India Limited
Ferrous Metals
155,100
3
1.20%
30
Eicher Motors Limited
Automobiles
3,900
3
1.19%
NJ Arbitrage Fund
Regular Plan · Growth Option · where the money sits
What the manager did last month
Between the filings of 31 Aug 2026 and 30 Sep 2026.
A position grows because the manager bought or because the price rose; only the share count separates them.
Bought
Sold
New positions
Sold out of
Price move of holdings
₹7 cr
₹7 cr
2
3
-4.76%
Stock
Shares traded
Shares
Price
Value ₹ cr
New position
Coforge Limited
11,400
entered
—
2.0
Shriram Finance Limited
825
entered
—
0.1
Added to
HDFC Bank Limited
73,450
+66.5%
0.0%
5.2
ICICI Bank Limited
14,700
+31.8%
-9.1%
1.9
Trimmed
Bharti Airtel Limited
15,675
-17.0%
-3.0%
2.8
Kotak Mahindra Bank Limited
50,000
-11.1%
-0.6%
2.1
One 97 Communications Limited
8,700
-85.7%
-2.3%
1.5
Dabur India Limited
12,500
-32.3%
-0.2%
0.5
Sold out of
CG Power and Industrial Solutions Limited
1,700
exited
—
0.2
Max Healthcare Institute Limited
1,050
exited
—
0.1
DLF Limited
950
exited
—
0.1
Not equity
Previous filing
This filing
Change
Cash, repo and TREPS
₹0 cr
₹0 cr
+₹0 cr
Debt: bills, CDs and commercial paper
₹28 cr
₹34 cr
+₹6 cr
The list above is stocks and fund units. Treasury bills, repo and money-market
lines roll over every month by design — they are not decisions, so they are totalled here rather
than listed as activity.
Not investment advice. MF Analyser is not a SEBI-registered Investment Adviser or Research Analyst. Every figure is computed from AMFI's published NAV history and the
portfolio the AMC filed with AMFI; none of it is a recommendation to buy, hold or sell. Past
returns do not predict future ones. Generated 12 Nov 2026.
