NJ Mutual Fund has announced changes in the fund management responsibilities of two of its schemes with effect from August 4, 2026. According to reports from NJ Mutual Fund, the changes involve the NJ Momentum Fund and the NJ Value Fund. The fund house has maintained continuity in fund management by retaining the existing fund managers while adding a new member to the management team.
The NJ Momentum Fund will see Dhaval Patel and Viral Shah continue as fund managers alongside Jaimin Ilavia. Similarly, the NJ Value Fund will also retain Dhaval Patel and Viral Shah as fund managers while adding Jaimin Ilavia to the team. As reported by NJ Mutual Fund, this structure maintains the existing fund management team while expanding the expertise through the addition of the new fund manager.
The fund management changes are scheduled to take effect from August 4, 2026, according to the announcement by NJ Mutual Fund. This timeline provides investors with adequate notice of the changes and allows for a smooth transition in fund management responsibilities across both schemes.
