NJ Mutual Fund India Invest is a major mutual fund distributor in India. SEBI awarded the company permission to launch a mutual fund in April 2021. The NJ Group includes NJ India. The NJ Group is noted for its investment management approach that is professionally managed, quality-focused, and customer-centric. To ensure convenience and value for clients, the NJ Group focuses on internal processes and technology upgrades.
This group's portfolio management service (PMS) was founded in 2010 with the goal of introducing data-driven and rule-based investment methods to sophisticated clients.
NJ AMC has set some of these marks in recent times in the capital market:
NJ India mutual fund hopes to deliver solutions that are differentiated and carefully developed to fulfill varied risk-return demands of investors with the debut of its mutual fund.
| Fund Name | Category | Risk | 1Y Returns | Rating | Fund Size(in Cr) |
|---|---|---|---|---|---|
NJ Overnight Fund | Debt | Low | 6.7% | 2 | ₹236 |
NJ Flexi Cap Fund | Equity | Very High | 43.7% | -- | ₹1,959 |
NJ ELSS Tax Saver Scheme Fund | Equity | Very High | 36.8% | -- | ₹267 |
NJ Arbitrage Fund | Hybrid | Low | 7.6% | -- | ₹350 |
NJ Balanced Advantage Fund | Hybrid | Very High | 25.3% | -- | ₹4,253 |
| View All |
| Mutual fund name | NJ Mutual Fund |
| Asset management company name | NJ Asset Management Private Limited |
| AMC Setup Date | 30 Apr 2021 |
| AMC Incorporation Date | October 21, 2005 |
| Sponsor name | NJ India Invest Private Limited |
| Trustee organisation | NJ Trustee Private Limited |
| CIO | Mr. Bijon Pani |
| MD and CEO | Mr. Rajiv Shastri |
| Compliance Officer | Ms. Punam Upadhyay |
| Investor Service Officer | Mr. Vineet Nayyar |
— Registered with SEBI, AMFI & BSE
— Paperless sign up on web & app
— Expert recommendations
— ZERO fees !
Exposure to diverse shares of fixed income tools is the primary benefit of investing in mutual funds. There are numerous methods to invest in NJ Mutual Fund, including
The prerequisites for investing in a mutual fund scheme are as follows:
- A bank account in your name with MICR and IFSC information is required.
- PAN Card
- KYC Compliance
- KYC documents may be utilized to finish the pro
- The information submitted will be examined and validated.
- After that, you can place orders and purchase funds.
However, you can also invest in NJ Mutual Funds online through Groww.
Mr. Rishi Sharma
Rishi has over 14 years of quantitative research and investment experience. Prior to joining NJ Mutual Funds, he ran an investment consulting firm with expertise in developing new investment and trading products through their entire life cycle, including conceptualization, backtesting, and actual implementation. He was previously the Assistant Vice President at IIFL Capital, where he oversaw and managed systematic trading on a proprietary desk. Prior to joining IIFL, Rishi worked as a quantitative analyst for Suyash Advisers, Monsoon Capital's India advisors, where he was in charge of developing quantitative portfolios.
Some of the mutual funds managed by Mr. Rishi Sharma are the NJ Balanced Advantage Fund (G) and NJ Balanced Advantage Fund (IDCW).
Now let us jump and check about these top 5 mutual fund schemes.
Fund Performance: The NJ Overnight Fund comes under the Debt category of NJ Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for NJ Overnight Fund is ₹5,000 and for SIP, it is ₹100.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹236Cr |
| 1Y Returns | 6.7% |
Fund Performance: The NJ Flexi Cap Fund comes under the Equity category of NJ Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for NJ Flexi Cap Fund is ₹500 and for SIP, it is ₹100.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹1,959Cr |
| 1Y Returns | 43.7% |
Fund Performance: The NJ ELSS Tax Saver Scheme Fund comes under the Equity category of NJ Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for NJ ELSS Tax Saver Scheme Fund is ₹500 and for SIP, it is ₹500.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹267Cr |
| 1Y Returns | 36.8% |
Fund Performance: The NJ Arbitrage Fund comes under the Hybrid category of NJ Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for NJ Arbitrage Fund is ₹5,000 and for SIP, it is ₹100.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹350Cr |
| 1Y Returns | 7.6% |
Fund Performance: The NJ Balanced Advantage Fund comes under the Hybrid category of NJ Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for NJ Balanced Advantage Fund is ₹500 and for SIP, it is ₹100.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹4,253Cr |
| 1Y Returns | 25.3% |
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