NJ Mutual Fund

One of India’s most credible names in the financial services and wealth management sector is NJ Asset Management Private Limited. This Indian AMC belongs to the pioneering finance management company, NJ India Invest Pvt. Ltd., which was incorporated way back in 1994 to cater to the dynamics of the then financial services industry. 

In the contemporary space of financial services, the NJ group – where NJ is an acronym for Mr. Niraj Choksi and Mr. Jignesh Desai, the founding fathers of the NJ group – runs a diverse business of not just financial products and services distribution but also loans/credit, insurance, asset management, and offshore funds distribution. As far as mutual funds are concerned, NJ Mutual Fund owns mutual fund assets worth over Rs. 1,22,477 as of 31.01.2022. 

Best NJ Mutual Funds

Fund Name
Fund Size (in Cr)
1Y Returns
3Y Returns
5Y Returns
NJ Arbitrage Fund Hybrid - 49 - - -
NJ Overnight Fund Debt - 27 - - -
NJ Balanced Advantage Fund Hybrid - 4,825 3.2 - -

NJ Mutual Fund believes in “Rule-based Active Investment”, where specialized financial scientists have been roped in to bring together market experience and innovative technologies on the same platform to select stocks, allocate assets, and assign weights. In short, it is a data-driven system that works to identify the best stocks, ascertain their market volatility, and predict their expected returns. This innovative formula has worked brilliantly for NJ Asset Management Pvt. Ltd. to provide optimal value to both their investors and partners and reduce human bias to a great extent. 

Providing value and convenience to every client represents the core value of NJ Asset Management Pvt. Ltd. As a result, they have maintained a specialized research team experienced in portfolio management and mutual fund analysis for the holistic financial well-being of their clients. 

NJ Asset Management Pvt. Ltd. abides by the regulations laid down by SEBI (mutual funds). 

NJ AMC Ltd Key Information

1 Fund Name NJ Mutual Fund
2 Incorporation 1994
3 Sponsors NJ India Investment Pvt. Ltd
4 Trustee Nj Asset Management Pvt. Ltd
5 Chairman Mr. Niraj Choksi
6 CEO and Director Mr. Rajiv Shastri
7 Chief Operating Officer Mr. Vineet Nayyar
8 General Manager (Sales) Mr. Anand Varadarajan
9 Chief Compliance Officer Ms. Punam Upadhyay
10 Fund Manager Mr. Rishi Sharma

NJ Mutual Fund Managers

1. Mr. Rajiv Shastri

Backed with an experience of over 25 years in India’s mutual fund and financial products space, Mr. Rajiv Shastri is a force to reckon with. Before commencing his association with NJ Asset Management Pvt. Ltd., Mr. Shastri was a part of Essel, Lotus, and Peerless Mutual Funds. He was also a founding figure of HDFC Mutual Funds. Mr. Shastri is a qualified Chartered Accountant and holds a Master’s degree in Economic Management and Policy from the University of Strathclyde, Glasgow. He also worked as the Professor of Practice with the National Institute of Securities Market and as a columnist with some of India’s renowned financial magazines, including the Business Standard and Money Control.

2. Mr. Anand Varadarajan

Mr. Anand Varadarajan, General Manager Sales, has been a part of the NJ Asset Management team since 2016 and is backed with the experience of over two decades in sales in both the Indian and global markets. One of NJ Asset Management’s most prized employees, Mr. Anand Varadarajan received the prestigious 40 under 40 Alternative Investment Professional Award for being one of India’s top investment personalities.

3. Mr. Vineet Nayyar

NJ Asset Management’s Chief Operating Officer, Mr. Vineet Nayyar comes with the experience of nearly two decades in the space of mutual funds asset management. Academically, after pursuing his Bachelor’s degree from Lucknow University, Mr. Nayyar pursued Chartered and Cost Accountancy. Before his stint with NJ Asset Management Pvt. Ltd, Mr. Nayyar worked in the field of operations and finance at various important companies, such as Fidelity, HDFC, and BNP Paribas.

4. Ms. Punam Upadhyay

Ms. Punam Upadhyay is the current Chief Compliance Officer and Chief Risk Officer at NJ Asset Management Pvt. Ltd. A qualified compliance and legal professional, Ms. Upadhyay has more than 13 years of experience in secretarial and legal professions. Before beginning her stint at NJ Mutual Fund, Ms. Upadhyay worked with the compliance and legal teams at various companies such as Kotak AMC, Pramerica AMC, BNP Paribas, and Edelweiss.

5. Mr. Rishi Sharma

One of NJ Asset Management Private Limited’s assets, Mr. Rishi Sharma’s expertise in rule-based investing and quantamental techniques makes him one of the most prized fund managers in the investment and financial products space. Mr. Sharma has been working as a Fund Manager with NJ Assets Management since 2020 and comes with over 15 years worth of experience. Academically, he has a Commerce degree from Baroda University and a PGDBA from IES Management College, Mumbai. Before joining NJ Mutual Fund, Mr. Rishi Sharma had proven his caliber by building great investment teams at numerous prestigious financial products companies such as Monsoon Capital, IIFL, Suyash Advisors, and MAPE Securities.

How to Invest in NJ Mutual Fund?

If you want to invest in NJ Mutual Funds, the process is extremely convenient on the 5Paisa platform. 5Paisa is one of the nation’s largest investing platforms. You can easily add NJ and other mutual funds to your portfolio. The steps to invest in NJ Mutual Fund online is as follows:

  • Step 1: Log in to your 5Paisa Account. If you do not have one, click the link to register and create a new 5Paisa account in 3 easy steps. Alternatively, you can download the 5Paisa app on your smartphone for Android or IOS and log in from your device.
  • Step 2: Search for the NJ Mutual Fund scheme that you want to invest in
  • Step 3: Select the option that is apt for your requirement and risk appetite
  • Step 4: Select the investment type – SIP (Systematic Investment Plan) or Lumpsum
  • Step 5: Input the amount that you’d like to invest and proceed with payment by clicking on the ‘Invest Now’ button

That’s it! This sums up the investment process. Once your payment is successful, you can see the NJ Mutual Fund reflected in your 5Paisa account in 3-4 working days. If you have selected the SIP option, the chosen amount will get deducted every month starting from the date you have made the payment.

Top NJ Mutual Funds to Invest

Here is a quick look at the top 3 NJ mutual fund investment options that have provided high returns to investors:

NJ Balanced Advantage Fund

This fund is intended for capital appreciation with limited volatility. The fund has more than 69% investment in domestic equity with more than 19% investment in debt. It makes for a less risky capital investment that follows the Nifty 50 benchmark.

  • Category: Balanced Advantage
  • Scheme Type: Equity-Oriented
  • NAV 71 as on 09/08/2022
  • Month end AUM: INR 4735.23 Crores
  • Inception Date: 29th October 2021
  • Benchmark: Nifty 50
  • Fund Manager: Rishi Sharma
  • SIP (Minimum Amount): INR 500/-
  • SIP Frequency: Monthly
  • Minimum Investment Amount (Lump-sum): INR. 500/- and any amount after that
Min Investment Amt ₹500
AUM ₹4,825 Cr
1Y Returns 3.2%

NJ Arbitrage Fund

The arbitrage fund invests in derivatives and equity. If you are looking for wealth appreciation, this might not be suitable as arbitrage funds usually deliver returns marginally higher than the savings account.

  • Category: Arbitrage
  • Scheme Type: Hybrid
  • NAV 1.0735 as on 08/08/2022
  • Month-end AUM: NA
  • Inception Date: 1st August 2022
  • Fund Manager: Rishi Sharma
  • Benchmark: NIFTY 50 Arbitrage TRI
  • SIP (Minimum Amount): INR 1000/-
  • SIP Frequency: Monthly
  • Minimum Investment Amount: INR 5,000/- and any amount after that
Min Investment Amt ₹5,000
AUM ₹49 Cr
1Y Returns -%

NJ Overnight Fund

This fund invests in the debt components, a safe investment scheme for people looking to park their surplus funds for higher returns than the savings account.

  • Category: Overnight
  • Scheme Type: Debt
  • NAV 1001.51 as on 08/08/2022
  • Month-end AUM: NA
  • Inception Date: 1st August 2022
  • Fund Manager: Rishi Sharma
  • Benchmark: Nifty 50
  • SIP (Minimum Amount): INR 100/- SIP Frequency: Monthly
  • Minimum Investment Amount: INR 5,000/- and any amount after that
Min Investment Amt ₹5,000
AUM ₹27 Cr
1Y Returns -%

Frequently Asked Questions

Regarding capital investment, there are a few things to keep in mind. First, you must decide how much wealth you will commit over the long term. Keep in mind that the higher you invest, the more you stand to gain or lose. There are two main types of mutual funds to consider: growth and income. Both come with risks, so it’s important to learn as much as possible before deciding how much to invest. Once you have a nice understanding of the risks involved, you can then start working towards your financial goals.

Depending on your option, the minimum amount for each NJ mutual fund may differ. If you plan to make a lump sum investment, you must create a SIP (Systematic Investment Plan). With a SIP, you can choose to start with a lower amount. The lowest amount required by the NJ Mutual Fund is INR 100; however, if you want to make a lump sum investment, you’ll need at least INR 5000.

Yes, you can easily increase the SIP amount at any time. To learn this process, follow the steps below:

  • Head to the fund you currently invest in and check out the SIP section.
  • Once you are on the particular SIP section, there is an option of ‘Edit SIP.’ Click on it.
  • You can review and update your SIP amount here. You will also have the option to edit the frequency and date as per your preference. And it’s done.

5Paisa’s commission-free investing service is straightforward. You set a target investment amount, and the service does the rest. This makes investing in various stocks and mutual funds easy without worrying about transaction fees. 5Paisa is safe because of professional management, liquidity transparency, and flexibility to choose from a diverse range of options; you can invest in mutual funds by starting a sip as low as INR 500 or with a lump-sum investment or a simple SIP process.

5Paisa has an Invest app that allows you to invest in mutual fund shares. However, you don’t need an exclusive Demat account to start and enjoy the app’s many features, such as its ability to help you manage your portfolio, get fund profiles and track your investments.

Yes, you can stop any SIP from the NJ fund anytime from the app.

  • Go to Mutual Fund order Book
  • Click on the SIP section of the fund
  • Click on the NJ scheme that you wish to stop
  • Click on the Stop SIP button

It’s that simple! Your SIP will be stopped as per your preference, and you can restart the SIP at any time.

With NJ AMC, investors can consider multiple financial assets via diverse offerings and products such as equity or debt, liquid alternatives, portfolio management services (PMS), and fixed-income assets.

Invest Now