NJ Mutual Fund
AUM
₹ 11,431 cr
AMC Age
4 Years
No. Of Schemes
6
NJ Mutual Fund is a mutual fund trust sponsored by NJ India Invest Private Limited (NJII), the flagship company of the NJ Group. Founded by Mr. Niraj Choksi and Mr. Jignesh Desai in 1994, NJII has been at the forefront of catering to the growing investor needs in the evolving financial services industry.
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About NJ Mutual Fund
- About the Fund
- Key Information
- Types Of Funds
- Charges & Fees
- Risk Factors
NJ Mutual Fund brings together NJ India Invest’s strong legacy in India's financial services sector with a disciplined, rule-based investing approach rooted in years of wealth management expertise.
Key Features
- NJ Mutual Fund offers a range of schemes across equity, hybrid, debt, and tax-saving categories, designed to align with varying risk profiles and financial goals.
- Backed by one of India’s largest mutual fund distribution platforms and a growing digital presence, NJ Mutual Fund ensures easy accessibility for investors nationwide.
- The fund house emphasises transparency and education through investor awareness initiatives, helping individuals make informed and confident financial decisions.
- With its data-driven, process-oriented investment philosophy, NJ Mutual Fund continues to earn confidence among both retail and institutional investors
Documents Required
To invest in NJ Mutual Fund, investors must complete the Know Your Customer (KYC) process and submit the required documents. Below is a list of documents based on investor type:
KYC Application Form: Completed and signed CKYC application form
In-Person Verification (IPV) – Mandatory for KYC compliance.
Bank Account Details – Canceled cheque or bank statement for linking the investment account.
Nomination Form (optional but recommended)
Proof of Identity (Any one of the following, self-attested):
- PAN Card (mandatory for investments above ₹50,000 per year)
- Aadhaar Card
- Passport
- Voter ID
- Driving License
- NREGA Job Card (duly signed by a State Government officer)
Proof of Address (Anyone, except PAN card):
- Aadhaar Card
- Passport
- Voter ID
- Driving License
- Utility Bills (not older than 3 months)
- Bank Account Statement/Passbook (not older than 3 months)
Investors are advised to contact NJ Mutual Fund’s customer service or visit its official website for any modifications, redemptions, or complaints.
NJ Mutual Fund Managers
Mr. Viral Shah
Mr. Dhaval Patel
Mr. Ankit Pande
Mr. Rishi Sharma
How To Invest In NJ Mutual Fund With Choice?
NJ Mutual Fund FAQs
The most suitable NJ Mutual Fund depends on your investment objectives and risk tolerance. Equity schemes are better suited for long-term wealth creation, debt funds offer stability and predictable returns, while hybrid funds provide a balanced mix of both. Through Choice, you can access in-depth research and performance insights to identify the fund that best fits your needs.
NJ Mutual Funds are taxed based on the type of fund and holding period. Equity fund gains are taxed at 20% (short-term) and 12.5% (long-term if gains exceed 1.25 lakh annually). Debt fund gains are taxed per your income slab. ELSS funds offer tax benefits under Section 80C.
To invest through the Choice platform, you need a PAN card, Aadhaar, proof of identity, proof of address, and a linked bank account. Completing the KYC process is mandatory. Non-individual investors may need additional documents, which can be conveniently uploaded online.
The minimum investment amount for NJ Funds depends on the scheme and the chosen investment mode - lump sum or SIP (Systematic Investment Plan). Lump-sum investments usually start at 500, while SIP investments can begin with as little as 100.
Returns are calculated based on the scheme's net asset value (NAV). The formula is:
Returns (%) = [(Current NAV - Initial NAV) / Initial NAV] × 100
For SIPs, returns are calculated using the XIRR (Extended Internal Rate of Return) method. Choice provides real-time NAV updates and tools to calculate potential returns.
Yes, you can switch between NJ Mutual Funds using the Choice FinX platform. However, it is essential to consider potential exit loads and tax implications that may apply depending on the duration of your investment.
Charges include the Expense Ratio, covering fund management costs, Exit Load for premature withdrawals, and Transaction Fees for investments exceeding specific limits. Direct plans available through Choice offer lower charges than regular plans.
No, a Demat account is not required to invest in NJ Mutual Funds through Choice FinX. You can invest directly via the platform, though a Demat account is a preferred option if you want to hold mutual fund units in electronic form.
You can access your NJ Mutual Fund statement through the Choice FinX platform under the Portfolio section. Alternatively, statements can be obtained via the NJ website, email requests, or the CAMS/Karvy platforms.
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