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

NJ Value Fund Direct Growth Plan has a NAV of ₹9.42 as of 16 Sep 2026 and an AUM of ₹201 Cr. Its 1-year, 3-year and 5-year returns are 0%, 0% and 0% respectively, and the scheme sits in the High Risk category. Our view is that it is still too early to read a durable return pattern into the track record, so the better lens is the portfolio mix and the fund’s ability to hold up against its benchmark in a fresh start phase.

The fund is likely to suit investors who can tolerate sharp swings and who are comfortable waiting for a longer record to build. The current numbers suggest a new equity strategy that has not yet established a meaningful multi-year return history, even though the portfolio already shows a broad spread across sectors and 76 holdings.

Quick facts

Particular	Details
NAV	₹9.42 as of 16 Sep 2026
AUM	₹201 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	-5.14%	-4.41%
3M	Data not available	Data not available
1Y	Data not available	Data not available
3Y	Data not available	Data not available
5Y	Data not available	Data not available

The one-month reading is soft, and the fund lagged the benchmark by a little under one percentage point over that period. That gap is not large, but it does show that the fund did not escape the broader weakness in the market window captured here.

Because the scheme launched only on 30 Jul 2026, there is no meaningful multi-year return history yet. That matters more than the single-month number, because value-oriented equity funds usually need a longer stretch before investors can judge whether stock selection and positioning are adding up consistently.

The short history also means the current performance profile is more about early volatility than about a settled pattern. The recent path has been choppy rather than smooth, and the benchmark has shown a similar direction of travel, which suggests the fund is not trading in isolation from the market mood.

For now, our reading is that the fund is behaving like a new equity portfolio still finding its rhythm. The benchmark comparison is useful, but it is not yet enough to draw a strong conclusion about longer-term skill or durability.

Source data date: as of 16 Sep 2026

Should you BUY or HOLD NJ Value?

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 Value Fund Direct Growth Plan	Data not available	Data not available	Data not available
LIC MF Value Fund Direct Growth Plan	17.5%	15.81%	13.33%
Quant Value Fund Direct Growth Plan	14.59%	19.39%	Data not available
Aditya Birla SL Value Fund Direct Growth Plan	10.2%	13.21%	13.75%
Mahindra Manulife Value Fund Direct Growth Plan	8.65%	Data not available	Data not available
Axis Value Fund Direct Growth Plan	6.14%	17.07%	Data not available

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

On the available numbers, the current fund has no return history to compare against the peer set, while the peer funds with track records show positive one-year, three-year and, in some cases, five-year outcomes. That leaves the current scheme without a demonstrated short-term edge yet.

The longer-horizon peer figures also show that some of the comparable funds have already built steadier records over three and five years. In that context, the main contrast is not just about recent return strength, but about the maturity of the performance record itself.

So the peer comparison tells two different stories: the current fund is still in its early phase, while several peers have enough history to show how their results have developed over time. For now, the peer data favours patience rather than quick conclusions about the scheme’s eventual return profile.

Source data date: as of 16 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Bosch Limited	Automobile & Ancillaries	1.63%
Jubilant Foodworks Limited	FMCG	1.51%
Samvardhana Motherson International Limited	Automobile & Ancillaries	1.51%
Redington Limited	Trading	1.49%
National Aluminium Company Limited	Non – Ferrous Metals	1.46%
Union Bank of India	Bank	1.45%
Eclerx Services Limited	IT	1.43%
Bajaj Auto Limited	Automobile & Ancillaries	1.41%
Indian Bank	Bank	1.41%
Oil India Limited	Crude Oil	1.41%

The top 10 holdings account for approximately 14.71% of the portfolio.

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

The largest holding is Bosch Limited at 1.63%, which is only modestly above the next cluster of positions around the 1.4% to 1.5% range. That narrow band suggests no single stock is dominating the disclosed top holdings.

Weight then eases down gradually to the tenth holding, Oil India Limited at 1.41%. The difference between the first and tenth positions is small, so the disclosed list looks more evenly spread than concentrated at the top.

At the same time, the top 10 holdings together account for just 14.71% of the portfolio, while 76 holdings are disclosed in total. That combination points to a portfolio that may rely on a fairly long tail of positions, with the named leaders having influence but not overwhelming the whole scheme.

Source data date: as of 16 Sep 2026

Who should invest

This fund is better suited to investors who can accept High Risk and are comfortable with a new equity track record. The recent return history is short and currently below the benchmark over one month, so the main trade-off is between taking on early-stage uncertainty and waiting for a fuller record to emerge.

Its portfolio is spread across 76 holdings, which may help reduce dependence on any one stock, but the scheme still needs time before its return pattern can be judged with confidence. Investors looking for a long horizon and who can tolerate volatility may find the setup relevant, while those who want an established performance record may prefer to wait.

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

No exit load applies if units are sold anytime.

Source data date: as of 16 Sep 2026

Frequently asked questions

What is the current NAV of NJ Value Fund Direct Growth Plan?
Its NAV is ₹9.42 as of 16 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year, 3-year and 5-year returns are all not yet available in a meaningful historical sense because the scheme has only recently launched.

How does the fund compare with Nifty 50?
Over 1 month, the fund returned -5.14% versus -4.41% for Nifty 50. That means it trailed the benchmark in the most recent period shown.

How does it compare with peer funds on available returns?
The peer set with available history shows positive one-year, three-year and, in some cases, five-year returns, while this fund does not yet have comparable long-term figures.

What is the minimum SIP amount?
The minimum SIP amount is ₹100.

Who manages the fund and what is the exit load?
The fund is managed by Viral Shah, Dhaval Patel and Jaimin Ilavia. There is no exit load if units are sold anytime.

Bottom line

NJ Value Fund Direct Growth Plan is still at an early stage, so its recent performance needs to be read with caution rather than treated as a full track record. The one-month result trails the benchmark, while the portfolio already shows a broad spread across 76 holdings and a low combined weight in the top 10 positions. For investors comfortable with High Risk and a long wait for evidence, the fund may be worth monitoring; for those who want proven multi-year returns, the current history is too limited to lean on heavily.

Published on 17 September 2026 at 5:36 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.