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MF Analyser

NJ Arbitrage Fund

Direct Plan · Growth Option · Arbitrage · Scheme code 150367

NAV₹13.2818as on 12 Nov 2026
Fund houseNJ Mutual Fund
CategoryArbitrage
Plan & optionDirect · Growth Option
History4.3 years

Returns (%)

 1M3M6M1Y3Y5Y7Y10YLaunch
This scheme 0.711.553.11 6.516.81— ——6.84
Arbitrage
category median		 ——— 6.707.226.76 —6.37—

Over a year annualised (CAGR), under a year absolute. Computed from AMFI's published NAV history for this scheme.

Risk

 VolatilitySharpeSortinoBetaAlphaMax fallR²
This scheme 0.7% 0.44 0.61 — — -0.6% —

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

9711012313520242026MF Analyser

Every one-year period it has lived through

WindowsWorstMedianBestPeriods that lost money
805 5.7% 7.1% 8.3% 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.

MF Analyser

NJ Arbitrage Fund

Direct Plan · Growth Option

Allocation

By asset

Equity80.71%
Debt11.82%

By market cap

Large Cap71.35%
Mid Cap7.67%
Small Cap1.68%
Unclassified11.82%

Concentration

Number of stocks75
Top 5 stocks27.75%
Top 10 stocks44.38%
Top 20 stocks62.01%
Lines in the filing179
Largest holding6.22%
Largest sectorBanks 25.00%
Effective stocks37.0
Sectors held28
Cash0.00%

Effective stocks is what the concentration works out to: a fund holding 75 names but most of its money in a few behaves like a fund of 37. Cash includes repo and TREPS, which every fund parks money in overnight.

Sector split

Sovereign — 11.8%Cash & Equivalents — 7.5%Sovereign11.8%Cash & Equivalents7.5%
Sovereign11.82%
Cash & Equivalents7.47%
MF Analyser

NJ Arbitrage Fund

Direct Plan · Growth Option · holdings as on 31 Oct 2026

Top 30 holdings

#CompanySectorShares held Value
₹ cr		% of fund
1 Bharti Airtel Limited Telecom - Services 76,475 15 6.22%
2 Reliance Industries Limited Petroleum Products 128,000 15 6.15%
3 Vodafone Idea Limited Telecom - Services 11,007,150 13 5.37%
4 HDFC Bank Limited Banks 183,950 13 5.25%
5 Kotak Mahindra Bank Limited Banks 250,000 12 4.76%
6 Sun Pharmaceutical Industries Limited Pharmaceuticals & Biotechnology 54,250 10 3.98%
7 Net Receivables / (Payables) Unclassified — 9 3.74%
8 Clearing Corporation of India Ltd Unclassified — 9 3.73%
9 ICICI Bank Limited Banks 63,000 9 3.63%
10 Adani Enterprises Limited Metals & Minerals Trading 32,754 8 3.48%
11 Canara Bank Banks 621,000 7 3.01%
12 364 Days Tbill (MD 03/12/2026) Sovereign 618,100 6 2.54%
13 ITC Limited Diversified FMCG 208,725 6 2.29%
14 364 Days Tbill (MD 07/01/2027) Sovereign 500,000 5 2.04%
15 UltraTech Cement Limited Cement & Cement Products 4,450 5 2.03%
16 Biocon Limited Pharmaceuticals & Biotechnology 127,500 4 1.85%
17 Mahindra & Mahindra Limited Automobiles 14,800 4 1.73%
18 Infosys Limited IT - Software 34,400 4 1.68%
19 Bank of Baroda Banks 163,800 4 1.61%
20 Bajaj Finance Limited Finance 39,000 4 1.51%
21 Adani Power Limited Power 188,150 4 1.47%
22 364 Days Tbill (MD 28/01/2027) Sovereign 350,000 3 1.42%
23 Axis Bank Limited Banks 28,125 3 1.41%
24 State Bank of India Banks 34,500 3 1.37%
25 SBI Life Insurance Company Limited Insurance 19,125 3 1.31%
26 BSE Limited Capital Markets 8,800 3 1.27%
27 364 Days Tbill (MD 25/02/2027) Sovereign 300,000 3 1.21%
28 364 Days Tbill (MD 19/03/2027) Sovereign 300,000 3 1.21%
29 Eicher Motors Limited Automobiles 3,900 3 1.16%
30 Tata Steel Limited Ferrous Metals 165,000 3 1.14%
MF Analyser

NJ Arbitrage Fund

Direct Plan · Growth Option · where the money sits

What the manager did last month

Between the filings of 30 Sep 2026 and 31 Oct 2026. A position grows because the manager bought or because the price rose; only the share count separates them.

BoughtSoldNew positionsSold out ofPrice move of holdings
₹5 cr ₹7 cr 5 0 -0.27%
StockShares tradedShares PriceValue
₹ cr
New position
BSE Limited 8,800 entered — 3.1
Hindustan Unilever Limited 14,100 entered — 2.6
IndusInd Bank Limited 25,200 entered — 2.1
The Federal Bank Limited 45,000 entered — 1.5
Wipro Limited 57,000 entered — 1.1
Added to
Infosys Limited 18,000 +109.8% +19.2% 2.1
Divi's Laboratories Limited 2,100 +300.0% +5.3% 2.1
ITC Limited 27,600 +15.2% +1.1% 0.7
ICICI Bank Limited 2,100 +3.5% +5.8% 0.3
Jio Financial Services Limited 2,350 +6.3% -5.7% 0.1
Trimmed
Kotak Mahindra Bank Limited 150,000 -37.5% +10.7% 6.9
Not equityPrevious filingThis filingChange
Cash, repo and TREPS ₹0 cr ₹0 cr +₹0 cr
Debt: bills, CDs and commercial paper ₹34 cr ₹29 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 13 Nov 2026.