EquitySectoral/ ThematicDirectIDCWVery High

NJ Momentum Fund

Q: What is the NAV of NJ Momentum Fund?

As of 05 Oct 2026, the NAV of NJ Momentum Fund is ₹9.78 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has NJ Momentum Fund delivered?

NJ Momentum Fund has returned -2.59% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of NJ Momentum Fund?

NJ Momentum Fund charges an expense ratio of 2.57% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of NJ Momentum Fund?

NJ Momentum Fund's largest holdings are Welspun Corp Limited (5.7%), Multi Commodity Exchange of India Limited (4.6%), Titan Company Limited (4.1%), Laurus Labs Limited (3.9%) and Shriram Finance Limited (3.9%). Holdings are disclosed monthly and change over time.

Q: How risky is NJ Momentum Fund?

NJ Momentum Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 12.7% and its worst peak-to-trough fall in our sample was -5.1%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What is the benchmark of NJ Momentum Fund?

NJ Momentum Fund is benchmarked against the NIFTY 500 TRI. Its alpha and beta on this page are measured against that index.

Q: Who manages NJ Momentum Fund?

NJ Momentum Fund is managed by Dhaval Patel, Viral Shah and Jaimin Ilavia at NJ.

Q: How is NJ Momentum Fund taxed?

NJ Momentum Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

NJ Mutual Fund · Best Sectoral & Thematic Mutual Funds

NAV

₹9.78

0.00% 1D

as of 05 Oct 2026

This is the Direct plan of NJ Momentum Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is distributed and paid out, which is why this NAV sits below the growth plan of the same fund.

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Performance

-2.59%absolute

52-week rangePrev NAV ₹9.78

Latest ₹9.78

Low ₹9.780th percentile of its 52-week rangeHigh ₹10.31

Key Metrics

Annual fee charged by the fund, already deducted from NAV

2.57%

Category —

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

29.29

Category —

Excess return per unit of total volatility (rf = 6.5%)

—

Category —

Scheme Info

Definitions

Plan

Direct · IDCW

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

Exit Load

None

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹100

Smallest one-time (lumpsum) investment the scheme accepts

₹500

NIFTY 500 TRI

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

03 Aug 2026

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-3.74%

Absolute return over the last 3 months (not annualized)

—

Absolute return over the last 6 months (not annualized)

—

Absolute return since 1 Jan of this year (not annualized)

-2.59%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

—

3-year annualized return (CAGR)

—

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

-2.59%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

12.71%

Excess return per unit of total volatility (rf = 6.5%)

—

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

—

Largest peak-to-trough decline over full history

-5.14%

Benchmark ratios (vs Nifty 500 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 500 TRI

—

Sensitivity to Nifty 500 TRI moves; 1 = moves with the index

—

How much of the fund's movement Nifty 500 TRI explains

—

Excess return per unit of beta (market risk)

—

Active return over the benchmark per unit of tracking error

—

Annualized std dev of fund-minus-benchmark returns

—

Fund's share of benchmark gains in up months (100 = matches index)

—

Fund's share of benchmark losses in down months (lower is better)

—

Computed vs the Nifty 500 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Sectoral/ Thematic)

Period	Fund	Category avg.	Diff
1M abs	-3.74%	—	—
3M abs	—	—	—
6M abs	—	—	—
1Y CAGR	—	—	—
3Y CAGR	—	—	—
5Y CAGR	—	—	—

Category average across peers in Sectoral/ Thematic, same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹20.00K

Current value

₹19.63K

Absolute

-1.87%

XIRR

-36.18%

Value vs. invested

ValueInvested

2 monthly installments of ₹10,000 into NJ Momentum Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

History points

Expense ratio

2.57%

Portfolio turnover

Exit load

Nil

Portfolio, AUM & scheme details shown from another plan of this scheme (same underlying portfolio).

P/E ratio

29.3

P/B ratio

6.5

Avg market cap

₹1,25,793Cr

P/E & P/B are portfolio-weighted harmonic means across 39 of 40 equity holdings (97% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Sectoral/ Thematic

Compare all


NJ Momentum FundThis fund NJ · Direct · IDCW	—	—	—	—	—	2.57%	—
Nippon India Taiwan Equity Fund Nippon India · Direct · IDCW	—	+128.11%	+63.78%	—	—	1.06%	₹1,110Cr
HDFC Defence Fund HDFC · Direct · IDCW	—	+20.18%	+36.05%	—	—	0.89%	₹9,371Cr
HDFC Pharma and Healthcare Fund HDFC · Direct · IDCW	—	+25.57%	+29.81%	—	—	1.03%	₹2,282Cr
Nippon India Japan Equity Fund Nippon India · Direct · IDCW	—	+30.50%	+24.42%	+12.14%	—	1.37%	₹330.20Cr
HDFC Transportation and Logistics Fund HDFC · Direct · IDCW	—	+4.44%	+23.42%	—	—	1.09%	₹1,685Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap30.7%
Mid cap49.4%
Small cap19.9%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity99.29%
Cash & Equivalents0.71%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Capitalmind Flexi Cap Fund Capitalmind · Flexi Cap Fund	56.0%	★★★★☆	1.72%	—
Kotak Quant Fund Kotak Mahindra · Sectoral/ Thematic	39.4%	★★☆☆☆	1.58%	+12.99%
Aditya Birla Sun Life Quant Fund Aditya Birla Sun Life · Sectoral/ Thematic	38.7%	★★★☆☆	1.25%	—
Samco Multi Asset Allocation Fund Samco · Multi Asset Allocation	37.2% of 60% equity	★★☆☆☆	2.30%	—
Axis Nifty500 Momentum 50 Index Fund Axis · Index Funds	36.2%	★★★☆☆	0.58%	—
Motilal Oswal Nifty 500 Momentum 50 Index Fund Motilal Oswal · Index Funds	36.2%	★★★☆☆	0.79%	—
Bandhan Nifty 500 Momentum 50 Index Fund Bandhan · Index Funds	36.2%	★★★☆☆	0.80%	—
Kotak Nifty500 Momentum 50 Index Fund Kotak Mahindra · Index Funds	36.2%	—	0.76%	—

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

🚩Holdings under NSE surveillance (ASM)

1 holding — 5.68% of the portfolio — sit in stocks NSE currently lists under its Additional Surveillance Measure. ASM is an exchange response to unusual price or volume activity (higher margins, and trade-for-trade settlement at stage II), not a view on the company or on this fund.

Welspun Corp LimitedLong-term · Stage I5.68%

Source: NSE ASM list, matched to holdings by company name — a holding whose name differs from NSE's spelling may not be matched. BSE's separate list is not covered.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-5.1%31 Aug 2026 → 01 Oct 2026
Still below that high — 31 days down, and no recovery yet.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

AMC Profile

NJ Mutual Fund is the asset management arm of the NJ Group, one of India's largest mutual fund distribution networks. Its schemes follow a rules-based, factor-driven process rather than discretionary stock selection.

Launched

19 Apr 2021

Total AUM

₹7,375Cr+6.5% QoQ

Avg AUM · July - September 2026

Website

njmutualfund.com

Fund Managers

DPDhaval PatelStart date not disclosed

Role

Assistant Fund Manager

Funds managed (5)

All schemes Dhaval Patel runs →

VSViral ShahStart date not disclosed

Role

Fund Manager

Experience

NJAMC - Sep 2009 till date

Funds managed (5)

All schemes Viral Shah runs →

JIJaimin IlaviaStart date not disclosed

Role

Fund Manager

Total experience

11 years

Education

M.Com, CFA

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Dhaval Patel Viral Shah

Top holdings

Welspun Corp Limited Multi Commodity Exchange of India Limited Titan Company Limited Laurus Labs Limited Shriram Finance Limited Kirloskar Oil Engines Limited Bharat Forge Limited Torrent Pharmaceuticals Limited The Federal Bank Limited Lupin Limited Navin Fluorine International Limited R R Kabel Limited

NJ in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Sectoral & Thematic funds

Sectoral and thematic funds must keep at least 80% in the equity of one sector (banking, pharma, technology) or one theme (consumption, manufacturing, ESG). That concentration is the point and the risk: with no mandate to diversify away from the sector, the fund rises and falls with it.

Frequently asked questions

What is the NAV of NJ Momentum Fund?

As of 05 Oct 2026, the NAV of NJ Momentum Fund is ₹9.78 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has NJ Momentum Fund delivered?

NJ Momentum Fund has returned -2.59% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of NJ Momentum Fund?

NJ Momentum Fund charges an expense ratio of 2.57% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of NJ Momentum Fund?

NJ Momentum Fund's largest holdings are Welspun Corp Limited (5.7%), Multi Commodity Exchange of India Limited (4.6%), Titan Company Limited (4.1%), Laurus Labs Limited (3.9%) and Shriram Finance Limited (3.9%). Holdings are disclosed monthly and change over time.

How risky is NJ Momentum Fund?

NJ Momentum Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 12.7% and its worst peak-to-trough fall in our sample was -5.1%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What is the benchmark of NJ Momentum Fund?

NJ Momentum Fund is benchmarked against the NIFTY 500 TRI. Its alpha and beta on this page are measured against that index.

Who manages NJ Momentum Fund?

NJ Momentum Fund is managed by Dhaval Patel, Viral Shah and Jaimin Ilavia at NJ.

How is NJ Momentum Fund taxed?

NJ Momentum Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.