EquityValue FundDirectIDCWVery High

NJ Value Fund

Q: What is the NAV of NJ Value Fund?

As of 05 Oct 2026, the NAV of NJ Value Fund is ₹9.17 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has NJ Value Fund delivered?

NJ Value Fund has returned -8.67% 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 Value Fund?

NJ Value Fund charges an expense ratio of 2.39% 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 Value Fund?

NJ Value Fund's largest holdings are Bosch Limited (1.6%), Samvardhana Motherson International Limited (1.5%), Jubilant Foodworks Limited (1.5%), Redington Limited (1.5%) and National Aluminium Company Limited (1.5%). Holdings are disclosed monthly and change over time.

Q: How risky is NJ Value Fund?

NJ Value Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 9.1% and its worst peak-to-trough fall in our sample was -9.3%. 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 Value Fund?

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

Q: Who manages NJ Value Fund?

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

Q: How is NJ Value Fund taxed?

NJ Value 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 Value Mutual Funds

NAV

₹9.17

+0.66% 1D

as of 05 Oct 2026

This is the Direct plan of NJ Value 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

-8.67%absolute

52-week rangePrev NAV ₹9.11

Latest ₹9.17

Low ₹9.116th percentile of its 52-week rangeHigh ₹10.04

Key Metrics

Annual fee charged by the fund, already deducted from NAV

2.39%

Category —

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

13.46

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)

-5.56%

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)

-8.67%

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.

-8.67%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

9.05%

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

-9.26%

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 (Value Fund)

Period	Fund	Category avg.	Diff
1M abs	-5.56%	—	—
3M abs	—	—	—
6M abs	—	—	—
1Y CAGR	—	—	—
3Y CAGR	—	—	—
5Y CAGR	—	—	—

Category average across peers in Value Fund, 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

₹19.44K

Absolute

-2.78%

XIRR

-49.04%

Value vs. invested

ValueInvested

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

History points

Expense ratio

2.39%

Portfolio turnover

Exit load

Nil

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

P/E ratio

13.5

P/B ratio

2.9

Avg market cap

₹1,57,387Cr

P/E & P/B are portfolio-weighted harmonic means across 72 of 75 equity holdings (95% 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 · Value Fund

Compare all


NJ Value FundThis fund NJ · Direct · IDCW	—	—	—	—	—	2.39%	—
Quant Value Fund quant · Direct · IDCW	—	+12.05%	+19.83%	—	—	0.90%	₹1,784Cr
LIC MF Value Fund LIC · Direct · IDCW	—	+18.99%	+17.22%	—	—	1.78%	₹212.81Cr
JM Value Fund JM Financial · Direct · IDCW	—	-1.75%	+11.67%	+13.88%	—	1.57%	₹808.01Cr
Groww Value Fund Groww · Direct · Quarterly IDCW	—	-1.32%	+11.63%	+10.56%	—	1.56%	₹66.81Cr
Groww Value Fund Groww · Direct · Half-Yearly IDCW	—	-1.32%	+11.63%	+10.55%	—	1.56%	₹66.81Cr

Market-cap allocation · AMFI bands, Jul 2026

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

Large cap43.1%
Mid cap30.1%
Small cap26.7%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity98.65%
Cash & Equivalents1.35%

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

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Sundaram Nifty 100 Equal Weight Fund Sundaram · Index Funds	33.0%	★★★☆☆	0.72%	+12.76%
HDFC NIFTY 100 Equal Weight Index Fund HDFC · Index Funds	33.0%	★★★★☆	0.54%	+12.78%
Kotak Nifty 100 Equal Weight Index Fund Kotak Mahindra · Index Funds	33.0%	★★★☆☆	0.35%	—
Sundaram Multi-Factor Fund Sundaram · Sectoral/ Thematic	32.6%	★☆☆☆☆	1.79%	—
Franklin India Multi-Factor Fund Franklin Templeton · Sectoral/ Thematic	30.1%	—	1.15%	—
Sundaram Dividend Yield Fund Sundaram · Dividend Yield Fund	28.3%	★★☆☆☆	1.26%	+8.72%
HSBC Value Fund HSBC · Value Fund	27.5%	★★★★☆	0.88%	+14.49%
Sundaram Value Fund Sundaram · Value Fund	26.1%	★☆☆☆☆	1.78%	+5.78%

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.

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.

-9.3%05 Aug 2026 → 01 Oct 2026
Still below that high — 2 months 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

Bosch Limited Samvardhana Motherson International Limited Jubilant Foodworks Limited Redington Limited National Aluminium Company Limited Union Bank of India eClerx Services Limited Indian Bank Oil India Limited Bajaj Auto Limited DLF Limited Hindalco Industries 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 Value funds

Value funds look for stocks trading below what the manager thinks they're worth. The style can lag for long stretches and then catch up quickly, so it rewards patience.

Frequently asked questions

What is the NAV of NJ Value Fund?

As of 05 Oct 2026, the NAV of NJ Value Fund is ₹9.17 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has NJ Value Fund delivered?

NJ Value Fund has returned -8.67% 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 Value Fund?

NJ Value Fund charges an expense ratio of 2.39% 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 Value Fund?

NJ Value Fund's largest holdings are Bosch Limited (1.6%), Samvardhana Motherson International Limited (1.5%), Jubilant Foodworks Limited (1.5%), Redington Limited (1.5%) and National Aluminium Company Limited (1.5%). Holdings are disclosed monthly and change over time.

How risky is NJ Value Fund?

NJ Value Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 9.1% and its worst peak-to-trough fall in our sample was -9.3%. 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 Value Fund?

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

Who manages NJ Value Fund?

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

How is NJ Value Fund taxed?

NJ Value 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.