NJ Mutual Fund

About NJ Mutual Fund

NJ Mutual Fund is managed by NJ Asset Management Private Limited and sponsored by NJ India Invest Private Limited (NJII), the flagship company of the NJ Group. Established in 1994, NJII is one of India's largest financial product distributors, operating under SEBI regulatory guidelines with NJ Trustee Limited as trustee. NJ Asset Management received its SEBI registration on April 30, 2021 (SEBI Reg No. MF/076/21/02), and launched its inaugural scheme in October 2021. The fund house follows a rule-based, factor-driven quantitative strategy focused on quality, value, low volatility, and momentum factors

As of September 30, 2026, NJ Mutual Fund managed a total Assets Under Management (AUM) of approximately ₹7,333 crore across 7 open-ended schemes, comprising 3 equity funds, 2 hybrid funds, 1 ELSS fund, and 1 overnight fund. The fund house's top three schemes by AUM are the NJ Balanced Advantage Fund (₹3,242 crore), NJ Flexi Cap Fund (₹2,572 crore), and NJ Overnight Fund (₹398 crore). Backed by its sponsor's extensive distribution network, the group maintains a footprint across more than 250 locations in 23 states, supported by over 56,000 active network distributors.

NJ Mutual Fund Key Information

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. 
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:

1. Search for the fund you want to invest in or take cues from funds listed by Angel One across categories.
2. 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.
3. Evaluate the fund’s level of risk and weigh it against your risk tolerance.
4. Check the fund’s ratings given by reputed rating agencies. Generally, the ratings range from 1 to 5.
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.

1. Decide whether you want to invest via SIP or make a one-time investment
2. 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
3. After placing the order, in case of the SIP route of investment, you can create an AutoPay to make hassle-free future instalments. 

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. 

Top NJ Mutual Funds to Invest

Note: The data above is as of Feb 18, 2026 and is sorted as per 3 year CAGR.

NJ Balanced Advantage Fund

NJ Balanced Advantage Fund seeks to generate capital appreciation by dynamically allocating its assets between equity and specified debt securities.

The fund has an expense ratio of 0.60% and is managed by Viral Shah and one other co manager.

NJ Arbitrage Fund

NJ Arbitrage Fund seeks to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivatives segment of the equity market, while investing the balance in debt and money market instruments.

The fund has an expense ratio of 0.26% and is managed by Dhaval Patel and one other co manager.

NJ Overnight Fund

NJ Overnight Fund seeks to generate returns commensurate with the risk of investments in overnight instruments.

The fund has an expense ratio of 0.05% and is managed by Viral Shah and one other co manager.

NJ ELSS Tax Saver Scheme

NJ ELSS Tax Saver Scheme seeks to generate income and long term capital appreciation from a diversified portfolio of predominantly equity and equity related instruments.

The fund has an expense ratio of 0.65% and is managed by Viral Shah and one other co manager.

NJ Flexi Cap Fund

NJ Flexi Cap Fund seeks to generate long term capital appreciation by investing in equity and equity related instruments across market capitalizations.

The fund has an expense ratio of 0.49% and is managed by Dhaval Patel and one other co manager.