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.
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.
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%).
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.
| Stock | Weight | Change |
|---|---|---|
| Canara Bank | 0.62% → 2.79% | ▲ +2.17 |
| ITC Limited | 0.82% → 1.83% | ▲ +1.01 |
| Bajaj Finance Limited | 1.85% → 2.62% | ▲ +0.77 |
| Larsen & Toubro Limited | 0.61% → 1.31% | ▲ +0.7 |
| Axis Bank Limited | 0.71% → 1.24% | ▲ +0.53 |
| Mahindra & Mahindra Limited | 4% → 4.35% | ▲ +0.35 |
| Bharti Airtel Limited | 6.96% → 7.28% | ▲ +0.32 |
| Tata Motors Passenger Vehicles Limited | 0.02% → 0.33% | ▲ +0.31 |
| Sun Pharmaceutical Industries Limited | 3.7% → 3.89% | ▲ +0.19 |
| Titan Company Limited | 1.16% → 1.26% | ▲ +0.1 |
| Stock | Weight | Change |
|---|---|---|
| ETERNAL LIMITED | 1.76% → 0.05% | ▼ -1.71 |
| HDFC Bank Limited | 3.63% → 2.63% | ▼ -1 |
| Vodafone Idea Limited | 5.83% → 5.15% | ▼ -0.68 |
| Kotak Mahindra Bank Limited | 6.47% → 6.32% | ▼ -0.15 |
| Bandhan Bank Limited | 0.75% → 0.63% | ▼ -0.12 |
| Adani Power Limited | 1.54% → 1.43% | ▼ -0.11 |
% to NAV of the fund's current top holdings over its last 6 monthly disclosures (Feb – Jul 2026).
| # | Holding | Sector | % to NAV |
|---|---|---|---|
| 1 | Bharti Airtel Limited | Telecommunication | 7.28% |
| 2 | Reliance Industries Limited | Energy | 6.97% |
| 3 | Kotak Mahindra Bank Limited | Financial Services | 6.32% |
| 4 | Clearing Corporation of India Ltdother | — | 5.99% |
| 5 | Vodafone Idea Limited | Telecommunication | 5.15% |
| 6 | Mahindra & Mahindra Limited | Consumer Discretionary | 4.35% |
| 7 | Sun Pharmaceutical Industries Limited | Healthcare | 3.89% |
| 8 | Adani Enterprises Limited | Materials | 3.55% |
| 9 | ICICI Bank Limited | Financial Services | 3.07% |
| 10 | Canara Bank | Financial Services | 2.79% |
| 11 | HDFC Bank Limited | Financial Services | 2.63% |
| 12 | Bajaj Finance Limited | Financial Services | 2.62% |
| 13 | 364 Days Tbill (MD )tbill | — | 2.18% |
| 14 | Biocon Limited | Healthcare | 2.18% |
| 15 | Net Receivables / (Payables)other | — | 2.1% |
| 16 | UltraTech Cement Limited | Materials | 1.91% |
| 17 | ITC Limited | Consumer Staples | 1.83% |
| 18 | 182 Days Tbill (MD )tbill | — | 1.78% |
| 19 | Adani Power Limited | Utilities | 1.43% |
| 20 | Bank of Baroda | Financial Services | 1.43% |
| 21 | Larsen & Toubro Limited | Industrials | 1.31% |
| 22 | SBI Life Insurance Company Limited | Financial Services | 1.3% |
| 23 | Titan Company Limited | Consumer Discretionary | 1.26% |
| 24 | Axis Bank Limited | Financial Services | 1.24% |
| 25 | Yes Bank Limited | Financial Services | 1.15% |
| 26 | Tata Steel Limited | Materials | 1.13% |
| 27 | Eicher Motors Limited | Consumer Discretionary | 1.1% |
| 28 | 182 Days Treasury Billstbill | — | 1.08% |
| 29 | 364 Days Treasury Billstbill | — | 1.07% |
| 30 | 364 Days Tbill (MD )tbill | — | 1.07% |
| 31 | 364 Days Treasury Billtbill | — | 1.05% |
| 32 | 364 Days Treasury Billbond | — | 1.04% |
| 33 | Punjab National Bank | Financial Services | 1.01% |
| 34 | Grasim Industries Limited | Materials | 0.95% |
| 35 | Steel Authority of India Limited | Materials | 0.94% |
| 36 | 91 DAYS T-BILL - 20AUG2026tbill | — | 0.9% |
| 37 | Maruti Suzuki India Limited | Consumer Discretionary | 0.85% |
| 38 | Adani Energy Solutions Limited | Utilities | 0.76% |
| 39 | Ambuja Cements Limited | Materials | 0.75% |
| 40 | Asian Paints Limited | Consumer Discretionary | 0.74% |
| 41 | Bandhan Bank Limited | Financial Services | 0.63% |
| 42 | NTPC Limited | Utilities | 0.62% |
| 43 | Pidilite Industries Limited | Materials | 0.61% |
| 44 | Dabur India Limited | Consumer Staples | 0.59% |
| 45 | IDFC First Bank Limited | Financial Services | 0.51% |
| 46 | One 97 Communications Limited | Financial Services | 0.49% |
| 47 | Tata Power Company Limited | Utilities | 0.44% |
| 48 | 8.24% Government of Indiabond | — | 0.36% |
| 49 | 182 Days Tbill (MD )tbill | — | 0.36% |
| 50 | LIC Housing Finance Limited | Financial Services | 0.36% |
| 51 | 364 DAYS T-BILL 04032027tbill | — | 0.35% |
| 52 | Jio Financial Services Limited | Financial Services | 0.35% |
| 53 | Tata Motors Passenger Vehicles Limited | Consumer Discretionary | 0.33% |
| 54 | HDFC Life Insurance Company Limited | Financial Services | 0.33% |
| 55 | Divi's Laboratories Limited | Healthcare | 0.29% |
| 56 | Laurus Labs Limited | Healthcare | 0.28% |
| 57 | Indian Energy Exchange Limited | Financial Services | 0.27% |
| 58 | Crompton Greaves Consumer Electricals Limited | Consumer Discretionary | 0.26% |
| 59 | 10.18% Government of Indiabond | — | 0.25% |
| 60 | Indus Towers Limited | Telecommunication | 0.24% |
| 61 | Hindustan Aeronautics Limited | Industrials | 0.23% |
| 62 | State Bank of India | Financial Services | 0.22% |
| 63 | United Spirits Limited | Consumer Staples | 0.2% |
| 64 | Power Grid Corporation of India Limited | Utilities | 0.16% |
| 65 | TATA CONSUMER PRODUCTS LIMITED | Consumer Staples | 0.13% |
| 66 | Godrej Properties Limited | Real Estate | 0.12% |
| 67 | Hindalco Industries Limited | Materials | 0.12% |
| 68 | GMR AIRPORTS LIMITED | Services | 0.11% |
| 69 | IndusInd Bank Limited | Financial Services | 0.1% |
| 70 | Solar Industries India Limited | Materials | 0.1% |
| 71 | InterGlobe Aviation Limited | Services | 0.08% |
| 72 | DLF Limited | Real Estate | 0.07% |
| 73 | CG Power and Industrial Solutions Limited | Industrials | 0.05% |
| 74 | ETERNAL LIMITED | Consumer Discretionary | 0.05% |
| 75 | Bajaj Finserv Limited | Financial Services | 0.04% |
| 76 | Max Healthcare Institute Limited | Healthcare | 0.04% |
| 77 | Oracle Financial Services Software Limited | Information Technology | 0.04% |
| 78 | Coal India Limited | Energy | 0.04% |
| 79 | JSW Steel Limited | Materials | 0.03% |
| 80 | UPL Limited | Materials | 0.03% |
| 81 | Tata Steel Limited Futureother | — | -0.02% |
| 82 | Tata Motors Passenger Vehicles Limited Futureother | — | -0.02% |
| 83 | UPL Limited Futureother | — | -0.03% |
| 84 | JSW Steel Limited Futureother | — | -0.03% |
| 85 | Oracle Financial Services Software Limited Futureother | — | -0.04% |
| 86 | Coal India Limited Futureother | — | -0.04% |
| 87 | Max Healthcare Institute Limited Futureother | — | -0.04% |
| 88 | Bajaj Finserv Limited Futureother | — | -0.04% |
| 89 | CG Power and Industrial Solutions Limited Futureother | — | -0.05% |
| 90 | Eternal Limited Futureother | — | -0.05% |
| 91 | DLF Limited Futureother | — | -0.07% |
| 92 | InterGlobe Aviation Limited Futureother | — | -0.08% |
| 93 | Dabur India Limited Futureother | — | -0.1% |
| 94 | Solar Industries India Limited Futureother | — | -0.1% |
| 95 | IndusInd Bank Limited Futureother | — | -0.1% |
| 96 | GMR Airports Limited Futureother | — | -0.11% |
| 97 | Godrej Properties Limited Futureother | — | -0.12% |
| 98 | Hindalco Industries Limited Futureother | — | -0.12% |
| 99 | Tata Consumer Products Limited Futureother | — | -0.13% |
| 100 | Bank of Baroda Futureother | — | -0.15% |
| 101 | Power Grid Corporation of India Limited Futureother | — | -0.16% |
| 102 | United Spirits Limited Futureother | — | -0.2% |
| 103 | State Bank of India Futureother | — | -0.22% |
| 104 | Hindustan Aeronautics Limited Futureother | — | -0.23% |
| 105 | Indus Towers Limited Futureother | — | -0.24% |
| 106 | Crompton Greaves Consumer Electricals Limited Futureother | — | -0.26% |
| 107 | Indian Energy Exchange Limited Futureother | — | -0.27% |
| 108 | Laurus Labs Limited Futureother | — | -0.28% |
| 109 | Divi's Laboratories Limited Futureother | — | -0.29% |
| 110 | Tata Motors Passenger Vehicles Limited Futureother | — | -0.32% |
| 111 | HDFC Life Insurance Company Limited Futureother | — | -0.33% |
| 112 | Jio Financial Services Limited Futureother | — | -0.35% |
| 113 | LIC Housing Finance Limited Futureother | — | -0.35% |
| 114 | Tata Power Company Limited Futureother | — | -0.44% |
| 115 | Reliance Industries Limited Futureother | — | -0.47% |
| 116 | One 97 Communications Limited Futureother | — | -0.49% |
| 117 | Mahindra & Mahindra Limited Futureother | — | -0.49% |
| 118 | Dabur India Limited Futureother | — | -0.49% |
| 119 | IDFC First Bank Limited Futureother | — | -0.51% |
| 120 | Bajaj Finance Limited Futureother | — | -0.56% |
| 121 | Larsen & Toubro Limited Futureother | — | -0.57% |
| 122 | Pidilite Industries Limited Futureother | — | -0.61% |
| 123 | Axis Bank Limited Futureother | — | -0.61% |
| 124 | NTPC Limited Futureother | — | -0.62% |
| 125 | Bandhan Bank Limited Futureother | — | -0.63% |
| 126 | Axis Bank Limited Futureother | — | -0.64% |
| 127 | Asian Paints Limited Futureother | — | -0.75% |
| 128 | Ambuja Cements Limited Futureother | — | -0.75% |
| 129 | Larsen & Toubro Limited Futureother | — | -0.75% |
| 130 | Adani Energy Solutions Limited Futureother | — | -0.76% |
| 131 | ITC Limited Futureother | — | -0.79% |
| 132 | Maruti Suzuki India Limited Futureother | — | -0.84% |
| 133 | ICICI Bank Limited Futureother | — | -0.91% |
| 134 | Steel Authority of India Limited Futureother | — | -0.95% |
| 135 | Grasim Industries Limited Futureother | — | -0.95% |
| 136 | Punjab National Bank Futureother | — | -1.01% |
| 137 | ITC Limited Futureother | — | -1.06% |
| 138 | Eicher Motors Limited Futureother | — | -1.1% |
| 139 | Tata Steel Limited Futureother | — | -1.11% |
| 140 | Yes Bank Limited Futureother | — | -1.15% |
| 141 | Canara Bank Futureother | — | -1.26% |
| 142 | Titan Company Limited Futureother | — | -1.26% |
| 143 | Bank of Baroda Futureother | — | -1.28% |
| 144 | SBI Life Insurance Company Limited Futureother | — | -1.3% |
| 145 | Adani Power Limited Futureother | — | -1.44% |
| 146 | Kotak Mahindra Bank Limited Futureother | — | -1.52% |
| 147 | Canara Bank Futureother | — | -1.55% |
| 148 | UltraTech Cement Limited Futureother | — | -1.91% |
| 149 | Bajaj Finance Limited Futureother | — | -2.07% |
| 150 | ICICI Bank Limited Futureother | — | -2.16% |
| 151 | Biocon Limited Futureother | — | -2.19% |
| 152 | HDFC Bank Limited Futureother | — | -2.64% |
| 153 | Adani Enterprises Limited Futureother | — | -3.57% |
| 154 | Mahindra & Mahindra Limited Futureother | — | -3.87% |
| 155 | Sun Pharmaceutical Industries Limited Futureother | — | -3.89% |
| 156 | Kotak Mahindra Bank Limited Futureother | — | -4.84% |
| 157 | Vodafone Idea Limited Futureother | — | -5.18% |
| 158 | Reliance Industries Limited Futureother | — | -6.51% |
| 159 | Bharti Airtel Limited Futureother | — | -7.3% |
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.