Arbitrage FundNJ Asset Management Private Limited

NJ Arbitrage Fund - Direct Plan - Growth Option

Benchmark: Nifty 50 Arbitrage · Riskometer: Low

₹13.0468

NAV (2026-08-31)

₹238.54 Cr

AUM (2026-08-31)

1.06%

EXPENSE RATIO (DIRECT)

2022-07-29

INCEPTION

AQuality · 84.1/100

?Safety · -/100

BCompound · 75.9/100

Punji Fund Health Score - percentile-within-category. See methodology.

CHART

Rolling CAGR by holding period - min, median, max

Each group is one holding-period length. Full range of outcomes across every overlapping window in the fund's history, not one trailing number.

Min rolling CAGRMedian rolling CAGRMax rolling CAGR

Category RankRisk MetricsHoldingsSimilar FundsPunji Analytics

Metric	Value	Percentile	Category median
3Y Rolling CAGR	7.1%	88.46^th	6.6%

Arbitrage funds target a small, steady spread rather than market returns, so beta and alpha against an equity index describe nothing useful.

CHART

Top sector holdings

Share of portfolio (% to NAV) in each of the top sectors.

Banks 21.1047%Other 19.5721%Telecom - Services 12.6745%Petroleum Products 6.9658%Pharmaceuticals & Biotechnology 6.6371%Automobiles 6.6315%Cement & Cement Products 3.6015%Metals & Minerals Trading 3.5475%Power 3.4014%Finance 3.3667%Consumer Durables 2.2621%Ferrous Metals 2.1008%Diversified FMCG 1.8317%Insurance 1.6211%Construction 1.3148%Chemicals & Petrochemicals 0.7082%Personal Products 0.5877%Financial Technology (Fintech) 0.4906%Capital Markets 0.2691%Aerospace & Defense 0.2258%Beverages 0.1964%Realty 0.1907%Agricultural Food & other Products 0.1286%Non - Ferrous Metals 0.1227%Transport Infrastructure 0.1057%Transport Services 0.0837%Electrical Equipment 0.0528%Retailing 0.0528%Healthcare Services 0.0415%IT - Software 0.0403%Consumable Fuels 0.0402%Fertilizers & Agrochemicals 0.0295%

TOP HOLDINGS

Bharti Airtel Limited (Telecom - Services)7.2815%

Reliance Industries Limited (Petroleum Products)6.9658%

Kotak Mahindra Bank Limited (Banks)6.3209%

Clearing Corporation of India Ltd ()5.9905%

Vodafone Idea Limited (Telecom - Services)5.1537%

Mahindra & Mahindra Limited (Automobiles)4.3542%

Sun Pharmaceutical Industries Limited (Pharmaceuticals & Biotechnology)3.8862%

Adani Enterprises Limited (Metals & Minerals Trading)3.5475%

ICICI Bank Limited (Banks)3.0737%

Canara Bank (Banks)2.7932%

Arbitrage funds all target the same small, steady spread, so behaviour-based matching cannot separate them.