NJ Momentum Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

NJ Momentum Fund Direct Growth Plan is an equity fund that launched on 30 July 2026 and now has a NAV of ₹9.86 as of 16 Sep 2026. Its scheme AUM is ₹342 Cr, and its 1-year, 3-year and 5-year returns are 0%, 0% and 0%. The fund sits in the High Risk category, so our view is that it suits investors who can accept sharp swings and who want an early-stage momentum strategy rather than a steady, defensive allocation.

Against the benchmark, the fund has held up better over the most recent month, but the longer record is still too short to judge a full market cycle. The portfolio is spread across 41 holdings, with the top 10 accounting for 40.42%, which suggests a mix that is selective but not narrowly concentrated in a single name.

Quick facts

Particular	Details
NAV	₹9.86 as of 16 Sep 2026
AUM	₹342 Cr
Expense Ratio	0.0%
Launch Date	30 Jul 2026
Min SIP	₹100
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Equity
Exit Load	No exit load
Fund Managers	Viral Shah, Dhaval Patel, Jaimin Ilavia

The fund is managed by Viral Shah, Dhaval Patel and Jaimin Ilavia.

Source data date: as of 16 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-2.38%	-4.41%
3M	Data not available	Data not available
1Y	0%	0%
3Y	0%	0%
5Y	0%	0%

The most recent month was weak in absolute terms, but the fund still did better than the benchmark over the same stretch. That relative resilience matters because the benchmark was also negative, which tells us the fund did not simply benefit from a strong market backdrop.

The short history is the bigger issue. The fund was launched only in late July 2026, so the 1-year, 3-year and 5-year figures are not yet meaningful trailing records. For now, we can read the month-by-month pattern as a cautious start rather than a proven longer-term compounding profile.

Recent movement also shows that the fund has not moved in a straight line. The month opened flat, improved modestly, and then softened again toward the end of the period. That kind of pattern is consistent with a strategy that can react to market shifts, but it also means investors will need to tolerate periodic drawdowns.

Our view is that the fund’s early behaviour is more informative on style than on long-run outcome. It has shown the ability to limit damage versus the benchmark in the latest period, yet there is not enough history to claim durable outperformance over a full cycle.

Source data date: as of 16 Sep 2026

Should you BUY or HOLD NJ Momentum?

A fund's past returns alone don't tell you whether you should buy it today or continue holding it.

The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.

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Peer comparison

Fund	1Y return	3Y return	5Y return
NJ Momentum Fund Direct Growth Plan	0%	0%	0%

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

Because the peer set available here contains only the same fund row, there is no meaningful spread of peer return data to compare against. That means the recent and longer-term figures cannot be contrasted with another return profile in this section.

Even so, the latest month still matters. The fund’s own 1-month figure is less weak than the benchmark’s, which suggests some near-term resilience, but that does not yet convert into a stronger longer-run case because the 1-year, 3-year and 5-year figures remain unavailable as live trailing records.

In practical terms, the short-term story and the longer-term story are different: the short-term reading points to relative steadiness versus the index, while the longer-term frame is still too early to judge. Investors should therefore treat the current record as an inception-phase snapshot, not a completed performance history.

Source data date: as of 16 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Welspun Corp Limited	Iron & Steel	5.68%
Multi Commodity Exchange of India Limited	Finance	4.63%
Titan Company Limited	Diamond & Jewellery	4.1%
Laurus Labs Limited	Healthcare	3.92%
Shriram Finance Limited	Finance	3.89%
Kirloskar Oil Engines Limited	Automobile & Ancillaries	3.76%
Bharat Forge Limited	Automobile & Ancillaries	3.75%
Torrent Pharmaceuticals Limited	Healthcare	3.68%
The Federal Bank Limited	Bank	3.64%
Lupin Limited	Healthcare	3.37%

The top 10 holdings account for approximately 40.42% of the portfolio.

To see all holdings, visit the NJ Momentum Fund Direct Growth Plan page

The largest holding, Welspun Corp Limited, is 5.68%, so no single position dominates the visible book. The drop from the first holding to the tenth is modest rather than steep, which suggests the fund is spreading risk across several mid-sized positions instead of relying on one or two outsized names.

At the same time, the top 10 still add up to a meaningful 40.42% of the disclosed 41 holdings, so a reasonably large slice of the portfolio may still be influenced by these positions. That combination points to partial concentration: the fund is not broadly index-like, but it is also not highly dependent on a very small cluster of stocks.

For investors, that mix could mean stock selection matters, yet individual position risk is not extreme at the visible top end. The longer tail of holdings may further reduce dependence on the largest names, but the disclosed weights already show that the portfolio is built around a group of comparable-sized bets rather than a single anchor position.

Source data date: as of 16 Sep 2026

Who should invest

This fund is suited to investors with a high risk tolerance and a willingness to accept uneven short-term movements. The available record is too short to support a full long-horizon performance judgment, but the recent month shows that the fund can still be volatile even when it holds up better than the benchmark.

A longer horizon makes more sense than a short one because momentum-oriented equity strategies can move quickly with market leadership. The main trade-off is that investors may get access to a selective stock-picking style, but they must accept uncertain near-term outcomes and a return history that is not yet mature.

Portfolio construction also matters here: the top holdings are meaningful but not overwhelmingly concentrated, which may help avoid single-stock dependence. Even so, the fund remains an equity strategy with a High Risk label, so it is better viewed as a satellite allocation for investors who can tolerate volatility rather than a low-volatility core holding.

Tax and exit load

Holding period	Tax rate	Description
Units held less than 1 year	20%	Short-term capital gains tax
Units held more than 1 year	12.5%	Long-term capital gains tax

Exit load: No exit load.

Source data date: as of 16 Sep 2026

Frequently asked questions

What is the current NAV of NJ Momentum Fund Direct Growth Plan?

The current NAV is ₹9.86 as of 16 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?

The 1-year, 3-year and 5-year returns are 0%, 0% and 0%.

How has the fund done against the benchmark recently?

Over 1 month, the fund returned -2.38% while the Nifty 50 returned -4.41%. That means the fund held up better in the latest period, even though both were negative.

Does the fund have a minimum SIP amount?

Yes. The minimum SIP amount is ₹100.

What is the risk level and how concentrated is the portfolio?

The fund is classified as High Risk. The top 10 holdings account for 40.42% of the portfolio, and the full disclosed holding count is 41.

Who manages the fund?

The fund is managed by Viral Shah, Dhaval Patel and Jaimin Ilavia.

Bottom line

NJ Momentum Fund Direct Growth Plan is still too new for a full long-term verdict, but the early record suggests a fund that has been less weak than the benchmark in the most recent month while remaining firmly in High Risk territory. The visible portfolio is spread across 41 holdings, with the top 10 taking 40.42%, so the fund is selective without being dominated by one position. For investors comfortable with equity volatility and a short history, it may merit attention as a high-risk satellite strategy rather than a stability anchor.

Published on 17 September 2026 at 5:40 PM IST

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RIA disclosure

Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.