NJ Arbitrage Fund

NJ Mutual FundHybridPortfolio as of 31 July 2026

NJ Arbitrage Fund holds 159 instruments (80.45% equity), led by Bharti Airtel Limited (7.28%), Reliance Industries Limited (6.97%) and Kotak Mahindra Bank Limited (6.32%), as of its 31 July 2026 SEBI-mandated monthly disclosure.

Holdings
159
Equity Allocation
80.45%
AMC
NJ Mutual Fund
Category
Hybrid

This page shows the complete disclosed portfolio of NJ Arbitrage Fund, managed by NJ Mutual Fund, based on its monthly portfolio disclosure dated 31 July 2026. The fund holds 159 instruments with an equity allocation of 80.45%. Percentages are of net assets (% to NAV). Click any stock to see every other mutual fund that also holds it.

Portfolio Analysis

NJ Arbitrage Fund's top 10 holdings account for 46% of its portfolio, more concentrated than the Hybrid category average of 28.9%. Financial Services is its largest sector exposure at 26.86% of net assets, spread across 12 sectors in total. Since its 30 June 2026 disclosure, the fund added 9 new positions and exited 4 positions, with Canara Bank seeing the largest move (+2.17pp to 2.79%).

Top 10 Equity Holdings

What Changed: June 2026 → July 2026

Equity holdings compared between the fund's two latest monthly disclosures. Weights are % to NAV; weight moves can also reflect price changes, not only buying or selling.

9 new entries4 exits10 increased6 reduced

Biggest Weight Increases

StockWeightChange
Canara Bank0.62% → 2.79%▲ +2.17
ITC Limited0.82% → 1.83%▲ +1.01
Bajaj Finance Limited1.85% → 2.62%▲ +0.77
Larsen & Toubro Limited0.61% → 1.31%▲ +0.7
Axis Bank Limited0.71% → 1.24%▲ +0.53
Mahindra & Mahindra Limited4% → 4.35%▲ +0.35
Bharti Airtel Limited6.96% → 7.28%▲ +0.32
Tata Motors Passenger Vehicles Limited0.02% → 0.33%▲ +0.31
Sun Pharmaceutical Industries Limited3.7% → 3.89%▲ +0.19
Titan Company Limited1.16% → 1.26%▲ +0.1

Biggest Weight Reductions

StockWeightChange
ETERNAL LIMITED1.76% → 0.05%▼ -1.71
HDFC Bank Limited3.63% → 2.63%▼ -1
Vodafone Idea Limited5.83% → 5.15%▼ -0.68
Kotak Mahindra Bank Limited6.47% → 6.32%▼ -0.15
Bandhan Bank Limited0.75% → 0.63%▼ -0.12
Adani Power Limited1.54% → 1.43%▼ -0.11

Top Holdings — Weight Trend

% to NAV of the fund's current top holdings over its last 6 monthly disclosures (Feb – Jul 2026).

Feb: 3.32%, Mar: 5.87%, Apr: 7.51%, May: 7.09%, Jun: 6.96%, Jul: 7.28%
7.28%
Feb: 7.64%, Mar: 7.37%, Apr: 8.03%, May: 7.22%, Jun: 7.02%, Jul: 6.97%
6.97%
Feb: 7.72%, Mar: 6.02%, Apr: 6.95%, May: 6.39%, Jun: 6.47%, Jul: 6.32%
6.32%
Feb: 3.55%, Mar: 2.46%, Apr: 3.49%, May: 5.69%, Jun: 5.83%, Jul: 5.15%
5.15%
Feb: 0.66%, Mar: 4.12%, Apr: 4.42%, May: 4.01%, Jun: 4%, Jul: 4.35%
4.35%

Full Portfolio (159 holdings)

#HoldingSector% to NAV
1Bharti Airtel LimitedTelecommunication7.28%
2Reliance Industries LimitedEnergy6.97%
3Kotak Mahindra Bank LimitedFinancial Services6.32%
4Clearing Corporation of India Ltdother5.99%
5Vodafone Idea LimitedTelecommunication5.15%
6Mahindra & Mahindra LimitedConsumer Discretionary4.35%
7Sun Pharmaceutical Industries LimitedHealthcare3.89%
8Adani Enterprises LimitedMaterials3.55%
9ICICI Bank LimitedFinancial Services3.07%
10Canara BankFinancial Services2.79%
11HDFC Bank LimitedFinancial Services2.63%
12Bajaj Finance LimitedFinancial Services2.62%
13364 Days Tbill (MD )tbill2.18%
14Biocon LimitedHealthcare2.18%
15Net Receivables / (Payables)other2.1%
16UltraTech Cement LimitedMaterials1.91%
17ITC LimitedConsumer Staples1.83%
18182 Days Tbill (MD )tbill1.78%
19Adani Power LimitedUtilities1.43%
20Bank of BarodaFinancial Services1.43%
21Larsen & Toubro LimitedIndustrials1.31%
22SBI Life Insurance Company LimitedFinancial Services1.3%
23Titan Company LimitedConsumer Discretionary1.26%
24Axis Bank LimitedFinancial Services1.24%
25Yes Bank LimitedFinancial Services1.15%
26Tata Steel LimitedMaterials1.13%
27Eicher Motors LimitedConsumer Discretionary1.1%
28182 Days Treasury Billstbill1.08%
29364 Days Treasury Billstbill1.07%
30364 Days Tbill (MD )tbill1.07%
31364 Days Treasury Billtbill1.05%
32364 Days Treasury Billbond1.04%
33Punjab National BankFinancial Services1.01%
34Grasim Industries LimitedMaterials0.95%
35Steel Authority of India LimitedMaterials0.94%
3691 DAYS T-BILL - 20AUG2026tbill0.9%
37Maruti Suzuki India LimitedConsumer Discretionary0.85%
38Adani Energy Solutions LimitedUtilities0.76%
39Ambuja Cements LimitedMaterials0.75%
40Asian Paints LimitedConsumer Discretionary0.74%
41Bandhan Bank LimitedFinancial Services0.63%
42NTPC LimitedUtilities0.62%
43Pidilite Industries LimitedMaterials0.61%
44Dabur India LimitedConsumer Staples0.59%
45IDFC First Bank LimitedFinancial Services0.51%
46One 97 Communications LimitedFinancial Services0.49%
47Tata Power Company LimitedUtilities0.44%
488.24% Government of Indiabond0.36%
49182 Days Tbill (MD )tbill0.36%
50LIC Housing Finance LimitedFinancial Services0.36%
51364 DAYS T-BILL 04032027tbill0.35%
52Jio Financial Services LimitedFinancial Services0.35%
53Tata Motors Passenger Vehicles LimitedConsumer Discretionary0.33%
54HDFC Life Insurance Company LimitedFinancial Services0.33%
55Divi's Laboratories LimitedHealthcare0.29%
56Laurus Labs LimitedHealthcare0.28%
57Indian Energy Exchange LimitedFinancial Services0.27%
58Crompton Greaves Consumer Electricals LimitedConsumer Discretionary0.26%
5910.18% Government of Indiabond0.25%
60Indus Towers LimitedTelecommunication0.24%
61Hindustan Aeronautics LimitedIndustrials0.23%
62State Bank of IndiaFinancial Services0.22%
63United Spirits LimitedConsumer Staples0.2%
64Power Grid Corporation of India LimitedUtilities0.16%
65TATA CONSUMER PRODUCTS LIMITEDConsumer Staples0.13%
66Godrej Properties LimitedReal Estate0.12%
67Hindalco Industries LimitedMaterials0.12%
68GMR AIRPORTS LIMITEDServices0.11%
69IndusInd Bank LimitedFinancial Services0.1%
70Solar Industries India LimitedMaterials0.1%
71InterGlobe Aviation LimitedServices0.08%
72DLF LimitedReal Estate0.07%
73CG Power and Industrial Solutions LimitedIndustrials0.05%
74ETERNAL LIMITEDConsumer Discretionary0.05%
75Bajaj Finserv LimitedFinancial Services0.04%
76Max Healthcare Institute LimitedHealthcare0.04%
77Oracle Financial Services Software LimitedInformation Technology0.04%
78Coal India LimitedEnergy0.04%
79JSW Steel LimitedMaterials0.03%
80UPL LimitedMaterials0.03%
81Tata Steel Limited Futureother-0.02%
82Tata Motors Passenger Vehicles Limited Futureother-0.02%
83UPL Limited Futureother-0.03%
84JSW Steel Limited Futureother-0.03%
85Oracle Financial Services Software Limited Futureother-0.04%
86Coal India Limited Futureother-0.04%
87Max Healthcare Institute Limited Futureother-0.04%
88Bajaj Finserv Limited Futureother-0.04%
89CG Power and Industrial Solutions Limited Futureother-0.05%
90Eternal Limited Futureother-0.05%
91DLF Limited Futureother-0.07%
92InterGlobe Aviation Limited Futureother-0.08%
93Dabur India Limited Futureother-0.1%
94Solar Industries India Limited Futureother-0.1%
95IndusInd Bank Limited Futureother-0.1%
96GMR Airports Limited Futureother-0.11%
97Godrej Properties Limited Futureother-0.12%
98Hindalco Industries Limited Futureother-0.12%
99Tata Consumer Products Limited Futureother-0.13%
100Bank of Baroda Futureother-0.15%
101Power Grid Corporation of India Limited Futureother-0.16%
102United Spirits Limited Futureother-0.2%
103State Bank of India Futureother-0.22%
104Hindustan Aeronautics Limited Futureother-0.23%
105Indus Towers Limited Futureother-0.24%
106Crompton Greaves Consumer Electricals Limited Futureother-0.26%
107Indian Energy Exchange Limited Futureother-0.27%
108Laurus Labs Limited Futureother-0.28%
109Divi's Laboratories Limited Futureother-0.29%
110Tata Motors Passenger Vehicles Limited Futureother-0.32%
111HDFC Life Insurance Company Limited Futureother-0.33%
112Jio Financial Services Limited Futureother-0.35%
113LIC Housing Finance Limited Futureother-0.35%
114Tata Power Company Limited Futureother-0.44%
115Reliance Industries Limited Futureother-0.47%
116One 97 Communications Limited Futureother-0.49%
117Mahindra & Mahindra Limited Futureother-0.49%
118Dabur India Limited Futureother-0.49%
119IDFC First Bank Limited Futureother-0.51%
120Bajaj Finance Limited Futureother-0.56%
121Larsen & Toubro Limited Futureother-0.57%
122Pidilite Industries Limited Futureother-0.61%
123Axis Bank Limited Futureother-0.61%
124NTPC Limited Futureother-0.62%
125Bandhan Bank Limited Futureother-0.63%
126Axis Bank Limited Futureother-0.64%
127Asian Paints Limited Futureother-0.75%
128Ambuja Cements Limited Futureother-0.75%
129Larsen & Toubro Limited Futureother-0.75%
130Adani Energy Solutions Limited Futureother-0.76%
131ITC Limited Futureother-0.79%
132Maruti Suzuki India Limited Futureother-0.84%
133ICICI Bank Limited Futureother-0.91%
134Steel Authority of India Limited Futureother-0.95%
135Grasim Industries Limited Futureother-0.95%
136Punjab National Bank Futureother-1.01%
137ITC Limited Futureother-1.06%
138Eicher Motors Limited Futureother-1.1%
139Tata Steel Limited Futureother-1.11%
140Yes Bank Limited Futureother-1.15%
141Canara Bank Futureother-1.26%
142Titan Company Limited Futureother-1.26%
143Bank of Baroda Futureother-1.28%
144SBI Life Insurance Company Limited Futureother-1.3%
145Adani Power Limited Futureother-1.44%
146Kotak Mahindra Bank Limited Futureother-1.52%
147Canara Bank Futureother-1.55%
148UltraTech Cement Limited Futureother-1.91%
149Bajaj Finance Limited Futureother-2.07%
150ICICI Bank Limited Futureother-2.16%
151Biocon Limited Futureother-2.19%
152HDFC Bank Limited Futureother-2.64%
153Adani Enterprises Limited Futureother-3.57%
154Mahindra & Mahindra Limited Futureother-3.87%
155Sun Pharmaceutical Industries Limited Futureother-3.89%
156Kotak Mahindra Bank Limited Futureother-4.84%
157Vodafone Idea Limited Futureother-5.18%
158Reliance Industries Limited Futureother-6.51%
159Bharti Airtel Limited Futureother-7.3%

Frequently Asked Questions

Yes. As of its 31 July 2026 disclosure, Bharti Airtel Limited is 7.28% of NJ Arbitrage Fund's net assets — its number 1 holding.
Yes. As of its 31 July 2026 disclosure, Reliance Industries Limited is 6.97% of NJ Arbitrage Fund's net assets — its number 2 holding.
Yes. As of its 31 July 2026 disclosure, Kotak Mahindra Bank Limited is 6.32% of NJ Arbitrage Fund's net assets — its number 3 holding.
Yes. As of its 31 July 2026 disclosure, Vodafone Idea Limited is 5.15% of NJ Arbitrage Fund's net assets — its number 4 holding.
Yes. As of its 31 July 2026 disclosure, Mahindra & Mahindra Limited is 4.35% of NJ Arbitrage Fund's net assets — its number 5 holding.

New to reading these? See How to Read a Mutual Fund's Monthly Portfolio Disclosure, or check terms like % to NAV in the glossary.

Source: NJ Mutual Fund's SEBI-mandated monthly portfolio disclosure, dated 31 July 2026. Data is for information only, not investment advice. Holdings may have changed since the disclosure date.