Groww Banking & Financial Services Fund Direct Growth
EquitySector - Financial ServicesVery High Risk
Direct
NAV (20-Dec-24)
Returns (Since Inception)
Fund Overview
Fund Size
₹48 Cr
Expense Ratio
0.36%
ISIN
INF666M01HS1
Minimum SIP
₹500
Exit Load
1.00%
Inception Date
07 Feb 2024
About this fund
As of 20-Dec-24, it has a Net Asset Value (NAV) of ₹11.14, Assets Under Management (AUM) of 47.72 Crores, and an expense ratio of 0.36%.
- Groww Banking & Financial Services Fund Direct Growth has given a CAGR return of 11.89% since inception.
- The fund's asset allocation comprises around 96.45% in equities, 0.00% in debts, and 3.55% in cash & cash equivalents.
- You can start investing in Groww Banking & Financial Services Fund Direct Growth with a SIP of ₹500 or a Lumpsum investment of ₹500.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
Since Inception
+11.89%
— (Cat Avg.)
Portfolio Summaryas of 30th November 2024
| Equity | ₹46.02 Cr | 96.45% |
| Others | ₹1.69 Cr | 3.55% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| ICICI Bank Ltd | Equity | ₹8.93 Cr | 19.46% |
| HDFC Bank Ltd | Equity | ₹7.74 Cr | 16.87% |
| Axis Bank Ltd | Equity | ₹3.28 Cr | 7.15% |
| State Bank of India | Equity | ₹2.98 Cr | 6.49% |
| Bajaj Finance Ltd | Equity | ₹1.82 Cr | 3.96% |
| Multi Commodity Exchange of India Ltd | Equity | ₹1.6 Cr | 3.50% |
| Angel One Ltd Ordinary Shares | Equity | ₹1.39 Cr | 3.03% |
| Ccil | Cash - Repurchase Agreement | ₹1.38 Cr | 3.01% |
| Power Finance Corp Ltd | Equity | ₹1.3 Cr | 2.84% |
| Max Financial Services Ltd | Equity | ₹1.28 Cr | 2.79% |
| ICICI Prudential Life Insurance Co Ltd | Equity | ₹1.28 Cr | 2.78% |
| Computer Age Management Services Ltd Ordinary Shares | Equity | ₹1.23 Cr | 2.69% |
| Five-Star Business Finance Ltd | Equity | ₹1.02 Cr | 2.21% |
| Prudent Corporate Advisory Services Ltd | Equity | ₹0.97 Cr | 2.11% |
| PB Fintech Ltd | Equity | ₹0.95 Cr | 2.08% |
| HDFC Life Insurance Co Ltd | Equity | ₹0.81 Cr | 1.77% |
| KFin Technologies Ltd | Equity | ₹0.81 Cr | 1.76% |
| Life Insurance Corporation of India | Equity | ₹0.8 Cr | 1.74% |
| PNB Housing Finance Ltd | Equity | ₹0.8 Cr | 1.74% |
| ICICI Lombard General Insurance Co Ltd | Equity | ₹0.78 Cr | 1.69% |
| Shriram Finance Ltd | Equity | ₹0.74 Cr | 1.62% |
| India Shelter Finance Corporation Ltd | Equity | ₹0.67 Cr | 1.45% |
| Cholamandalam Investment and Finance Co Ltd | Equity | ₹0.64 Cr | 1.39% |
| Indian Energy Exchange Ltd | Equity | ₹0.61 Cr | 1.34% |
| Muthoot Finance Ltd | Equity | ₹0.61 Cr | 1.32% |
| The Federal Bank Ltd | Equity | ₹0.48 Cr | 1.04% |
| BSE Ltd | Equity | ₹0.48 Cr | 1.04% |
| Medi Assist Healthcare Services Ltd | Equity | ₹0.44 Cr | 0.96% |
| Net Receivable/Payable | Cash | ₹0.08 Cr | 0.17% |
Allocation By Market Cap (Equity)
Large Cap Stocks
65.55%
Mid Cap Stocks
12.04%
Small Cap Stocks
18.87%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹41.93 Cr | 91.42% |
| Technology | ₹2.04 Cr | 4.45% |
| Healthcare | ₹0.44 Cr | 0.96% |
Risk & Performance Ratios
Standard Deviation
This fund
--
Cat. avg.
15.64%
Lower the better
Sharpe Ratio
This fund
--
Cat. avg.
0.67
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.27
Higher the better
Fund Managers
Anupam Tiwari
Since February 2024
Additional Scheme Detailsas of 30th November 2024
ISIN INF666M01HS1 | Expense Ratio 0.36% | Exit Load 1.00% | Fund Size ₹48 Cr | Age 10 months | Lumpsum Minimum ₹500 | Fund Status Open Ended Investment Company | Benchmark Nifty Financial Services TRI |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Sector - Financial Services Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Tata Nifty Private Bank ETF Very High Risk | 0.1% | - | ₹10.97 Cr | 1.1% |
| Aditya Birla Sun Life Nifty Financial Services ETF Very High Risk | - | - | - | - |
| Nippon India ETF Nifty PSU Bank BeES Very High Risk | 0.5% | - | ₹2724.85 Cr | 19.2% |
| Kotak Nifty PSU Bank ETF Very High Risk | 0.5% | - | ₹1434.25 Cr | 19.1% |
| HDFC Nifty Bank ETF Very High Risk | 0.2% | - | ₹2818.24 Cr | 13.8% |
| ICICI Prudential Nifty Private Banks ETF Very High Risk | 0.1% | - | ₹1911.12 Cr | 14.1% |
| Axis NIFTY Bank ETF Very High Risk | 0.2% | - | ₹240.82 Cr | 7.7% |
| ICICI Prudential Banking and Financial Services Regular Growth Very High Risk | 1.8% | 1.0% | ₹9025.72 Cr | 13.2% |
| UTI Banking and Financial Services Fund Regular Growth Very High Risk | 2.2% | 1.0% | ₹1170.31 Cr | 12.9% |
| Nippon India Banking & Financial Services Fund Regular Growth Very High Risk | 1.9% | 1.0% | ₹6307.03 Cr | 11.7% |
Risk Level
Your principal amount will be at Very High Risk
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- Anupam Tiwari
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