NJ Mutual Fund: Schemes, Performance & How to Invest
NJ Mutual Fund is a SEBI-registered AMC with ₹7,561.93 crore AUM and 7 schemes. Compare returns and risk data for all NJ Mutual Fund schemes.
NJ Mutual Fund is a SEBI-registered asset management company incorporated on 20 April 2021, sponsored by NJ India Invest Private Limited. The fund house manages ₹7,561.93 crore in assets across 7 schemes, offering options that range from ultra-low-risk overnight funds to equity-oriented instruments like ELSS and flexi-cap funds.
Key takeaways
- NJ Mutual Fund was incorporated on 20 April 2021 and is sponsored by NJ India Invest Private Limited, with NJ Trustee Private Limited as the trustee organisation.
- The AMC manages ₹7,561.93 crore in AUM across 7 schemes spanning debt, hybrid, and equity categories.
- Its investment approach is rooted in data-driven, rule-based methods developed by the NJ Group's portfolio management service (PMS), which was launched in 2010.
- The leadership team comprises MD Mr. Rajiv Shastri, CEO Vineet Nayyar, and CIO Mr. Bijon Pani.
- Scheme risk levels vary widely — from near-zero drawdown in the Overnight Fund to a maximum drawdown of -28.39% in the Flexi Cap Fund.
About NJ Mutual Fund
NJ Mutual Fund obtained SEBI's approval to function as an asset management company in April 2021. It is sponsored by NJ India Invest Private Limited, with NJ Trustee Private Limited overseeing trustee responsibilities. The AMC is headquartered at Unit No. 101A, 1st Floor, Hallmark Business Plaza, Bandra (East), Mumbai 400051.
The NJ Group's investment philosophy centres on professional management, quality focus, and a customer-first orientation, underpinned by continuous improvements to internal processes and technology infrastructure. The group's PMS arm was established in 2010 with the specific aim of bringing data-driven and rule-based strategies to sophisticated investors. NJ AMC has extended that same philosophy to retail investors through its mutual fund, with the goal of offering differentiated, carefully designed solutions that address a wide spectrum of risk-return requirements.
Fund management and key personnel
The day-to-day investment decisions sit with CIO Mr. Bijon Pani. MD Mr. Rajiv Shastri oversees the overall business, CEO Vineet Nayyar manages operations, and Ms. Punam Upadhyay serves as Compliance Officer.
Top 7 NJ Mutual Fund Schemes
NJ Mutual Fund currently runs 7 schemes across debt, hybrid, and equity categories, ranked below by Invo Wealth's internal score.
| Field | Detail |
|---|---|
| Total AUM | ₹7,561.93 crore |
| Number of schemes | 7 |
| AMC age | 5 years |
| Incorporation date | 20 April 2021 |
| Sponsors | NJ India Invest Private Limited |
| Trustee organisation | NJ Trustee Private Limited |
| CIO | Mr. Bijon Pani |
| MD | Mr. Rajiv Shastri |
| CEO | Vineet Nayyar(Chief Executive Officer) |
| Compliance officer | Ms. Punam Upadhyay |
| Address | Unit No. 101A, 1st Floor, Hallmark Business Plaza, Bandra (East), Mumbai 400051 |
How Have NJ Mutual Fund Schemes Performed?
The table below shows trailing returns for each scheme over 6-month, 1-year, and 3-year periods.
Performance data as of 5 September 2026.
| Fund | Sub-category | 6M CAGR | 1Y CAGR | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| NJ Overnight Fund | Overnight Fund | 5.11% | 5.10% | 5.92% | -- |
| NJ Arbitrage Fund | Arbitrage Fund | 4.93% | 5.22% | 6.05% | -- |
| NJ Balanced Advantage Fund | Dynamic Asset Allocation / Balanced Advantage Fund | 5.36% | -1.74% | 7.34% | -- |
| NJ Value Fund | Value Fund | -- | -- | -- | -- |
| NJ Momentum Fund | Sectoral/Thematic Fund | -- | -- | -- | -- |
| NJ ELSS Tax Saver Fund | ELSS (Tax Saver) Fund | 11.76% | -2.63% | 8.23% | -- |
| NJ Flexi Cap Fund | Flexi Cap Fund | 5.14% | -5.42% | -- | -- |
All funds listed are Regular Plan - Growth option. CAGR = compound annual growth rate.
Among the lower-risk options, the NJ Arbitrage Fund delivered 6.05% over 3 years, while the NJ Overnight Fund returned 5.92% over the same period and 5.11% over 6 months. On the hybrid side, the NJ Balanced Advantage Fund posted a 3-year return of 7.34%, though its 1-year return stands at -1.74%.
For equity schemes, the NJ ELSS Tax Saver Fund leads with a 3-year return of 8.23% and a 6-month return of 11.76%, though its 1-year figure is -2.63%. The NJ Flexi Cap Fund shows a 6-month return of 5.14% but a 1-year return of -5.42%, with 3-year data not yet available. The NJ Value Fund and NJ Momentum Fund have limited return history at this stage.
Risk Profile of NJ Mutual Fund Schemes
The table below compares volatility, maximum drawdown, and Sortino ratio across all 7 schemes to help investors assess downside risk.
| Fund | ISIN | Mean 1Y rolling return | Volatility | Max drawdown (3Y) | Sortino ratio |
|---|---|---|---|---|---|
| NJ Overnight Fund | INF0J8L01073 | 6.14% | 0.21% | 0.00% | -15.86 |
| NJ Arbitrage Fund | INF0J8L01057 | 6.34% | 1.48% | -0.57% | -0.97 |
| NJ Balanced Advantage Fund | INF0J8L01024 | 9.69% | 10.00% | -15.44% | 0.05 |
| NJ Value Fund | INF0J8L01230 | -- | -- | -3.39% | -- |
| NJ Momentum Fund | INF0J8L01198 | -- | -- | -1.55% | -- |
| NJ ELSS Tax Saver Fund | INF0J8L01099 | 7.80% | 16.98% | -23.40% | 0.10 |
| NJ Flexi Cap Fund | INF0J8L01131 | 2.96% | 17.36% | -28.39% | -0.97 |
The NJ Overnight Fund has the lowest risk footprint in the range — volatility of just 0.21% and a maximum drawdown of 0.00%. The NJ Arbitrage Fund is also well-contained, with 1.48% volatility and a maximum drawdown of -0.57%. Equity schemes carry meaningfully higher risk: the NJ Flexi Cap Fund shows volatility of 17.36% and a maximum drawdown of -28.39%, while the NJ ELSS Tax Saver Fund carries 16.98% volatility and a maximum drawdown of -23.40%. The NJ Balanced Advantage Fund sits in between, with 10.00% volatility and a maximum drawdown of -15.44%.
How to Invest in NJ Mutual Fund
You can start a SIP or make a lump-sum investment in NJ Mutual Fund online through the NJ Mutual Fund website, or via any registered online platform or mobile application. Sign up on Invo Wealth for complete portfolio insights and to start investing in NJ Mutual Fund schemes that suit your risk profile.
To cancel a SIP, place a cancellation request on the platform where you invested or log in to the NJ Mutual Fund website using your folio number. To raise your SIP amount over time, check with the fund house whether the step-up or top-up facility is available, then use a step-up SIP calculator to work out a revised contribution before making any changes.
Conclusion
NJ Mutual Fund is a relatively young AMC — incorporated in April 2021 — that draws on the NJ Group's decade-long experience in data-driven portfolio management to serve retail investors. With ₹7,561.93 crore in AUM, 7 schemes, and a leadership team comprising MD Mr. Rajiv Shastri, CEO Vineet Nayyar, and CIO Mr. Bijon Pani, the fund house spans the full risk spectrum from near-zero-risk overnight funds to high-volatility equity options. Investors should review each scheme's returns and drawdown figures carefully before deciding where to allocate.
Frequently asked questions
How do I start a SIP in NJ Mutual Fund online?
You can start a SIP in NJ Mutual Fund online through Invo Wealth or directly through the NJ Mutual Fund website. Other registered online platforms and mobile applications also support NJ Mutual Fund investments. Simply choose your scheme, set your SIP amount, and complete the registration.
How is a NJ Mutual Fund SIP return calculated?
To estimate SIP returns you need four inputs: the monthly investment amount, the total tenure of the SIP, the number of instalments already paid, and an expected rate of return. A SIP calculator applies these inputs to project the final corpus at the end of your investment period.
How do I redeem my NJ Mutual Fund investment?
Online, log into the NJ Mutual Fund website using your folio number or visit the platform where you originally invested and place a redemption request. For offline redemption, visit the nearest fund house branch and submit a signed redemption form.
How do I stop or cancel a NJ Mutual Fund SIP?
You can cancel a SIP at any time by placing a cancellation request on the platform where you invested, or by logging into the NJ Mutual Fund website with your folio number. You may also contact your distributor or agent to initiate the cancellation on your behalf.
Can I increase my SIP amount in NJ Mutual Fund?
Yes, NJ Mutual Fund offers a step-up or top-up facility that lets you raise your SIP contribution periodically. Confirm the feature's availability with the fund house first, then use a step-up SIP calculator to plan the revised amount before making changes.
Mutual fund investments are subject to market risks; read all scheme-related documents carefully. This article is for education only and is not investment advice. Past performance does not guarantee future returns. Invo Wealth is an AMFI-registered mutual fund distributor (ARN-368528).