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    • MF News NJ India Invest gets mutual fund license

    NJ India Invest gets mutual fund license

    The AMC will be the India’s first fund house offering only smart passive funds.
    Team Cafemutual May 4, 2021

    India's largest MF distributor NJ India Invest has received SEBI’s final go ahead to launch mutual fund business in India— NJ India Mutual Fund.

    "We are happy that SEBI has approved our application. NJ India has contributed to the growth of the industry as a distributor and we are confident that we will be able to add value as a participant as well," said Rajiv Shastri, CEO of NJ India Mutual Fund.

    Shastri said NJ India MF will be the first fund house in the country that will exclusively run rules-based investing schemes.

    The fund house is yet to apply for SEBI's approval for launching a mutual fund scheme.

    Headquartered in Surat, NJ India Invest is India's largest mutual fund distributor. The company was started by Neeraj Choksi and Jignesh Desai in 2003.

    Have a query or a doubt?
    Need a clarification or more information on an issue?
    Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

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    28 Comments
    Kishore Devnani · 2 years ago `
    This is HUGE! It shows confidence that you not only know the market players (other Fund Houses) but with proven experience now ready to challenge them. I believe in NJ's success story (many more miles to achieve, its just a start in a new dimension.) Congratulations to management, employees & all the team ????????
    Shubham · 2 years ago
    The grass is always greener on the other side.. Everything that appears successful isn't great or right.. All failures/scam/frauds once appeared to be a unicorn..
    Reply
    JASPREET SINGH · 2 years ago `
    Congratulations to NJ'S team...... Hope they come up with innovative kind of funds which in long term create huge wealth for the investors
    Reply
    RAMESHCHANRA PATIL · 2 years ago `
    I believe in NJ's success story many more miles to achieve, its just a start in a new dimension Congratulations to management, employees & all Partners ????????
    Reply
    TUKARAM indap · 2 years ago `
    Congratulations NJ Team. I always believe NJ for there innovative ideas , technology and ethical business. We all hope NJ will also do well in AMC business and best wishes to NJ AMC for future endeavours.
    Reply
    ASHOK KUMAR MOTWANI · 2 years ago `
    Congratulations NJ Team.
    Reply
    Hemant Talekar · 2 years ago `
    MR WEALTH
    FINANCIAL SERVICES
    Reply
    Hemant Talekar · 2 years ago `
    Congratulations NJ TEAM
    Reply
    Nivva Yoosuf · 2 years ago `
    Congratulations! In 17 years expontional growth. Great achievement.
    Reply
    Shivkumar Kalra · 2 years ago `
    NJ is good. But its Sales Persons are like CORPORATE picture BIPASHA. Will do anything to steal others business for small salary.
    Reply
    Bajrangi Chaubey · 2 years ago `
    Congratulations tean NJ
    Reply
    Sudhakaran · 2 years ago `
    Congrats, Expecting Good Funds from NJ
    Reply
    kASHINATH MANTRI · 2 years ago `
    CONGRATULATION FOR THE MILESTONE !! NJ SHOULD ALSO TRY TO RIA PLATFORM APART FROM BECOMING AN AMC.
    Reply
    Narendra Shringarpure · 2 years ago `
    Congratulations to NJ. Very happy since I am associated with them as an advisor for almost 4 years now.
    Reply
    Milind sadadekar · 2 years ago `
    Congratulations NJ and all its associates.
    It's proud moment for all of us. One more milestone is achieved . really great.keep it up.
    Reply
    Pradeep Jamsandekar · 2 years ago `
    Truly Built On Trust!
    Reply
    SUNIL LALGE · 2 years ago `
    Congratulations NJ Team. I always believe NJ for there innovative ideas , technology and ethical business. We all hope NJ will also do well in AMC business and best wishes to NJ AMC for future endeavours.
    Reply
    Kaushik Naik · 2 years ago `
    Congratulations to NJ as distributer
    Well growth in assets of their claints wish all the best
    Reply
    Saira Elroy Homen · 2 years ago `
    NJ Group is one of India's Largest Financial Products Distributor.(A Business Built on Trust since 1994) managing Asset Under Advice INR 96,200+ Cr. I am proud to be a part of them as a NJ Partner.
    Reply
    Jack · 2 years ago `
    NJ has few distributors who are more concerned about their distributor commission rather than generating returns for investors. Now with NJ getting approval to launch mutual fund, this bias might increase.
    Reply
    HARENDRA MAHESHWARI · 2 years ago `
    CONGRATULATIONS AND FEELING PROUD AS A SUB-BROKER FROM NJ. HOPE NJ WILL LAUNCH BETTER RETURN PRODUCTS WITH MINIMUM RISK. NJ - 53089
    Reply
    Prashant Gandhi · 2 years ago `
    Congratulations to NJ Founder Jigneshbhai , Nirajbhai and NJ Entire Team
    Reply
    SHRI NARAIN AGARWAL · 2 years ago `
    CONGRATULATION
    Reply
    Bhavini Sonar · 2 years ago `
    Congratulations to NJ Team .I am proud of as a NJ Partner . I hope now onward we see more innovative ideas are born in Mutual Fund industry. We see wealthy INDIA ahead .Keep it up NJ.
    Reply
    jagdish prasad Khichar · 2 years ago `
    Congratulation NJ Wealth. Proud being a part of NJ family. I hope NJ increasing financial awareness in all over india specially rural area.
    Reply
    Ashok More · 2 years ago `
    It’s very proud moment being a partner of NJ since last 13 years. The vision of NJ is always far ahead than others thoughts. Through innovation, digitalisation and ethical business practices, NJ will set new milestone and benchmark for the financial industry.
    Thanks for giving this opportunity to partners grow with NJ.
    Reply
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