NJ Mutual Fund

About NJ Mutual Fund

NJ mutual fund manages assets worth INR 1,31,752 crores (as on August 2022) and was set up in the year 1994. Its current offering of mutual fund schemes includes 2 equity funds and 1 debt fund.

NJ is an acronym for Mr Niraj Choksi & Mr Jignesh Desai, two first-generation entrepreneurs who began their journey in 1994. The fund house believes in “Rule-based Active Investment” or “Smart Beta Strategies” where specialised financial data scientists bring their market experience and innovative technologies to select stocks, allocate assets and assign weights. In other words, it is one of the most successful techniques of factor investing that uses the data-driven system to provide optimal value to investors and reduce human bias to a great extent. 

How to Invest in NJ Mutual Fund Schemes?

Investing in mutual funds with Scripbox is very simple and easy. The following are the steps to invest in NJ mutual fund schemes through Scripbox.

1. Visit Scripbox Website and Start Your Investment Journey

Firstly, visit the Scripbox website’s homepage and click on the button, “Let’s get started.” This will unlock a list of investment options based on different life goals. To invest in mutual funds, you can choose any of the alternatives that align with your financial goals. Then, click on the “Continue” button to proceed with the mutual fund investment.

2. Signup and Create an Account

In this step, you are required to create an account with Scripbox. After creating an account, a list of investment options will appear on the screen. Also, Scripbox allows you to select the payment option here. You can select the payment option as “Every month SIP” or “One-time” based on your cash flow. Also, you can calculate the potential SIP returns using Scripbox’s SIP calculator. Click on “See Recommended Funds” to proceed with your investment.

3. Check the Plan and Fund Allocation

A list of mutual fund schemes and the allocated investment amount for each scheme will appear on your screen. Read the details before proceeding ahead. In case you want to change the mutual fund or investment amount, you can do so by clicking the “I want to change Funds/ Amount” button. Now, click on the “Next” button to make a payment.

4. Bank Details and Money Transfer

This is the last step where you have to enter the bank account and PAN details. As an investor, you need not worry about security as Scripbox provides a secure environment for payment. A savings bank account is used for investing and crediting the redemption proceeds.

KYC Required to Invest in NJ Mutual Fund

The acronym for KYC is “Know Your Customer”. KYC helps in identifying an investor through relevant documents. For this purpose, SEBI has specific guidelines for KYC. Therefore, an investor has to fulfil the KYC procedure before investing in any SEBI-registered mutual fund company. A KYC form will include details of identity, address, financial status, occupation, and demographic information.

You can complete your  KYC procedure before investing with Scripbox. The following are the KYC documents needed by Resident Indians and PIOs residing in India:

1. Photograph
2. Pan Card
3. Address proof (Aadhar Card (Both Front & Back) / Driving Licence/ Passport/ Voter ID Card) 
4. KYC Authorisation Letter. (Please write on a paper that “I authorise Scripbox to do my mutual fund KYC” & sign below it)
5. Video Selfie: Record a video by facing the camera for 5 seconds.

You should upload clear colour scanned copies of your KYC documents during the registration process. Otherwise, you can share your KYC documents at help@scripbox.com or WhatsApp it to us on +91-8884448026.

Procedure to Download Mutual Fund Investment Statement

The following steps will guide you to download the NJ Mutual Fund investment statement using the Scripbox App:

1. Firstly, download and log in to the Scripbox App
2. Secondly, on the right-hand corner, click the ‘Profile’ tab.
3. Thirdly, select the ‘Investment History’ option. 
4. Then, scroll down to click on ‘Email Me’. You will receive an email on the registered email id, with a link to download your Scripbox Investment History.
5. Finally, from your registered email click on the link to download the statement in excel format. 

The excel statement includes the following details:

1. Orders Tab: This section includes the following details folio number, investor name, fund name, the amount invested, units allocated, NAV, STT and purpose.
2. Current Holding Tab: This section includes the following information like fund name, number of units, the current value of the investment, folio number and purpose.

Top NJ Mutual Fund Managers

Mr. Rishi Sharma

Mr Sharma is the fund manager for the equity and fixed-income schemes for NJ Mutual Fund since 2020. He has a strong pedigree in Rule-Based Investing and Quantamental techniques for over 15 years. Also, he has a proven track record with his earlier associations of setting up investment teams and managing funds with IIFL, Monsoon Capital, MAPE Securities & Suyash advisors. He graduated in Commerce from Baroda university and pursued his PGDBA from IES Management College Mumbai.

Frequently Asked Questions

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