With an AUM of Rs 4,137 crores, NJ Mutual Fund offers 4 schemes across different categories including 1 equity, 2 debt, and 1 hybrid mutual funds. Know the NJ MF scheme details, historical returns, compare and invest in Best NJ Mutual Funds. Invest in mutual fund schemes that suit your investment objectives, risk level, and fund options.
NJ Asset Management Private Limited
₹ 4,137 Crores
30 March, 2000
NJ India Invest Private Limited
MD & CEO
NJ Trustee Private Limited
Block No. 901 & 902, 6Th Floor, 'B' Tower, Udhna Udyog Nagar Sangh Commercial Complex, Central Road No. 10, Udhna, Surat - 394210, Gujarat.
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.
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.
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:
You should upload clear colour scanned copies of your KYC documents during the registration process. Otherwise, you can share your KYC documents at firstname.lastname@example.org or WhatsApp it to us on +91-8884448026.
The following steps will guide you to download the NJ Mutual Fund investment statement using the Scripbox App:
The excel statement includes the following details:
|Fund Manager Name||Type Of Fund||Number of Schemes|
|Rishi Sharma||Equity & Debt||3|
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.
NJ Mutual Fund manages a total AUM of Rs. 1,31,752 crores invested in over 2 equity schemes and 1 debt scheme. It uses Rule-Based active investing or smart beta strategies through financial data scientists. This technology used for analysis is becoming popular in factor investing. As a result, the fund house aims to provide optimal value to both their investors and partners and reduce human bias to a great extent.
A best NJ Mutual Fund may vary from one investor to another. NJ Mutual Fund has 3 funds catering to investor needs. Therefore, it is important to understand your investment purpose, risk, and align it with the fund’s objectives and risk level to find the best fit.
You can easily start a SIP in NJ Mutual Fund online through Scripbox. You just have to access your investment account through the Scripbox app and start your SIP. Also, you can invest in the fund through NJ AMC’s website. Alternatively, you can create an account on any platform offering mutual funds to invest in NJ Mutual Funds.
A SIP can be stopped online by directly going to the NJ Mutual Fund website and logging in with a folio number or through the online portal where the investment has been started. After logging in, you can select the ‘Stop SIP’ option.
To withdraw money from an NJ Mutual Fund, you can visit the nearest NJ Mutual Fund office and submit a form. Alternatively, you can visit the AMC website and redeem the investment by logging in with the folio number. You can also withdraw your NJ Mutual Fund investments from the online portal where you first invested.