Groww Banking & Financial Services Fund Direct Growth
EquitySector - Financial ServicesVery High Risk
Direct
NAV (27-Mar-25)
Returns (Since Inception)
Fund Overview
Fund Size
₹45 Cr
Expense Ratio
0.36%
ISIN
INF666M01HS1
Minimum SIP
₹100
Exit Load
1.00%
Inception Date
07 Feb 2024
About this fund
As of 27-Mar-25, it has a Net Asset Value (NAV) of ₹10.79, Assets Under Management (AUM) of 44.51 Crores, and an expense ratio of 0.36%.
- Groww Banking & Financial Services Fund Direct Growth has given a CAGR return of 7.34% since inception.
- The fund's asset allocation comprises around 93.90% in equities, 0.00% in debts, and 6.10% in cash & cash equivalents.
- You can start investing in Groww Banking & Financial Services Fund Direct Growth with a SIP of ₹100 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.
1 Year
+8.12%
+9.18% (Cat Avg.)
Since Inception
+7.34%
— (Cat Avg.)
Portfolio Summaryas of 28th February 2025
| Equity | ₹41.8 Cr | 93.90% |
| Others | ₹2.72 Cr | 6.10% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| ICICI Bank Ltd | Equity | ₹8.32 Cr | 18.69% |
| HDFC Bank Ltd | Equity | ₹8.23 Cr | 18.49% |
| Ccil | Cash - Repurchase Agreement | ₹3.6 Cr | 8.09% |
| Nse Bank Nifty 24/04/2025 | Equity Index - Future | ₹3.23 Cr | 7.26% |
| State Bank of India | Equity | ₹2.5 Cr | 5.61% |
| Bajaj Holdings and Investment Ltd | Equity | ₹2.05 Cr | 4.60% |
| Net Receivable/Payable | Cash | ₹-1.49 Cr | 3.34% |
| Axis Bank Ltd | Equity | ₹1.45 Cr | 3.26% |
| One97 Communications Ltd | Equity | ₹1.07 Cr | 2.41% |
| Bank of Baroda | Equity | ₹1.04 Cr | 2.35% |
| Power Finance Corp Ltd | Equity | ₹1.04 Cr | 2.34% |
| Max Financial Services Ltd | Equity | ₹0.99 Cr | 2.23% |
| Angel One Ltd Ordinary Shares | Equity | ₹0.99 Cr | 2.22% |
| India Shelter Finance Corporation Ltd | Equity | ₹0.97 Cr | 2.19% |
| Nuvama Wealth Management Ltd | Equity | ₹0.97 Cr | 2.17% |
| ICICI Prudential Life Insurance Co Ltd | Equity | ₹0.95 Cr | 2.13% |
| Computer Age Management Services Ltd Ordinary Shares | Equity | ₹0.87 Cr | 1.96% |
| PB Fintech Ltd | Equity | ₹0.82 Cr | 1.84% |
| Shriram Finance Ltd | Equity | ₹0.73 Cr | 1.64% |
| KFin Technologies Ltd | Equity | ₹0.7 Cr | 1.58% |
| Cholamandalam Investment and Finance Co Ltd | Equity | ₹0.7 Cr | 1.58% |
| PNB Housing Finance Ltd | Equity | ₹0.63 Cr | 1.41% |
| Groww Liquid Fund Dir Gr | Mutual Fund - Open End | ₹0.6 Cr | 1.36% |
| Multi Commodity Exchange of India Ltd | Equity | ₹0.6 Cr | 1.35% |
| Indian Energy Exchange Ltd | Equity | ₹0.54 Cr | 1.21% |
| Prudent Corporate Advisory Services Ltd | Equity | ₹0.51 Cr | 1.16% |
| Muthoot Finance Ltd | Equity | ₹0.44 Cr | 0.98% |
| The Federal Bank Ltd | Equity | ₹0.42 Cr | 0.93% |
| Medi Assist Healthcare Services Ltd | Equity | ₹0.38 Cr | 0.85% |
| Motilal Oswal Financial Services Ltd | Equity | ₹0.34 Cr | 0.75% |
| BSE Ltd | Equity | ₹0.31 Cr | 0.69% |
Allocation By Market Cap (Equity)
Large Cap Stocks
60.70%
Mid Cap Stocks
9.85%
Small Cap Stocks
16.09%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹35.54 Cr | 79.84% |
| Technology | ₹2.65 Cr | 5.95% |
| Healthcare | ₹0.38 Cr | 0.85% |
Risk & Performance Ratios
Standard Deviation
This fund
--
Cat. avg.
15.23%
Lower the better
Sharpe Ratio
This fund
--
Cat. avg.
0.48
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
0.91
Higher the better
Fund Managers
Anupam Tiwari
Since February 2024
Saptarshee Chatterjee
Since February 2025
Additional Scheme Detailsas of 28th February 2025
ISIN INF666M01HS1 | Expense Ratio 0.36% | Exit Load 1.00% | Fund Size ₹45 Cr | Age 1 year 1 month | 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% | - | ₹10.86 Cr | 10.1% |
| Aditya Birla Sun Life Nifty Financial Services ETF Very High Risk | - | - | - | - |
| Nippon India ETF Nifty PSU Bank BeES Very High Risk | 0.5% | - | ₹2307.54 Cr | -7.6% |
| Kotak Nifty PSU Bank ETF Very High Risk | 0.5% | - | ₹1246.88 Cr | -7.6% |
| 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% | - | ₹282.92 Cr | 11.0% |
| ICICI Prudential Banking and Financial Services Regular Growth Very High Risk | 1.8% | 1.0% | ₹8843.33 Cr | 14.8% |
| UTI Banking and Financial Services Fund Regular Growth Very High Risk | 2.2% | 1.0% | ₹1106.91 Cr | 15.5% |
| Nippon India Banking & Financial Services Fund Regular Growth Very High Risk | 1.9% | 1.0% | ₹6129.15 Cr | 13.5% |
Risk Level
Your principal amount will be at Very High Risk
Take control of your wealth
Related Articles
Still got questions?
We're here to help.
What is the current NAV of Groww Banking & Financial Services Fund Direct Growth?
What is the portfolio composition of Groww Banking & Financial Services Fund Direct Growth?
Who manages the Groww Banking & Financial Services Fund Direct Growth?
- Anupam Tiwari
- Saptarshee Chatterjee
Track & Analyse all your investments in one place
Compare your portfolio's performance with benchmarks
Identify potential risks in your portfolio and learn to fix them
Track all your family's investments in one place
Groww Banking & Financial Services Fund Direct Growth
EquitySector - Financial ServicesVery High Risk
Direct
NAV (27-Mar-25)
Returns (Since Inception)
Fund Overview
Fund Size
₹45 Cr
Expense Ratio
0.36%
ISIN
INF666M01HS1
Minimum SIP
₹100
Exit Load
1.00%
Inception Date
07 Feb 2024
Risk Level
Your principal amount will be at Very High Risk
About this fund
As of 27-Mar-25, it has a Net Asset Value (NAV) of ₹10.79, Assets Under Management (AUM) of 44.51 Crores, and an expense ratio of 0.36%.
- Groww Banking & Financial Services Fund Direct Growth has given a CAGR return of 7.34% since inception.
- The fund's asset allocation comprises around 93.90% in equities, 0.00% in debts, and 6.10% in cash & cash equivalents.
- You can start investing in Groww Banking & Financial Services Fund Direct Growth with a SIP of ₹100 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.
1 Year
+8.12%
+9.18% (Cat Avg.)
Since Inception
+7.34%
— (Cat Avg.)
Portfolio Summaryas of 28th February 2025
| Equity | ₹41.8 Cr | 93.90% |
| Others | ₹2.72 Cr | 6.10% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type | Amount | Holdings |
|---|---|---|---|
| ICICI Bank Ltd | Equity | ₹8.32 Cr | 18.69% |
| HDFC Bank Ltd | Equity | ₹8.23 Cr | 18.49% |
| Ccil | Cash - Repurchase Agreement | ₹3.6 Cr | 8.09% |
| Nse Bank Nifty 24/04/2025 | Equity Index - Future | ₹3.23 Cr | 7.26% |
| State Bank of India | Equity | ₹2.5 Cr | 5.61% |
| Bajaj Holdings and Investment Ltd | Equity | ₹2.05 Cr | 4.60% |
| Net Receivable/Payable | Cash | ₹-1.49 Cr | 3.34% |
| Axis Bank Ltd | Equity | ₹1.45 Cr | 3.26% |
| One97 Communications Ltd | Equity | ₹1.07 Cr | 2.41% |
| Bank of Baroda | Equity | ₹1.04 Cr | 2.35% |
| Power Finance Corp Ltd | Equity | ₹1.04 Cr | 2.34% |
| Max Financial Services Ltd | Equity | ₹0.99 Cr | 2.23% |
| Angel One Ltd Ordinary Shares | Equity | ₹0.99 Cr | 2.22% |
| India Shelter Finance Corporation Ltd | Equity | ₹0.97 Cr | 2.19% |
| Nuvama Wealth Management Ltd | Equity | ₹0.97 Cr | 2.17% |
| ICICI Prudential Life Insurance Co Ltd | Equity | ₹0.95 Cr | 2.13% |
| Computer Age Management Services Ltd Ordinary Shares | Equity | ₹0.87 Cr | 1.96% |
| PB Fintech Ltd | Equity | ₹0.82 Cr | 1.84% |
| Shriram Finance Ltd | Equity | ₹0.73 Cr | 1.64% |
| KFin Technologies Ltd | Equity | ₹0.7 Cr | 1.58% |
| Cholamandalam Investment and Finance Co Ltd | Equity | ₹0.7 Cr | 1.58% |
| PNB Housing Finance Ltd | Equity | ₹0.63 Cr | 1.41% |
| Groww Liquid Fund Dir Gr | Mutual Fund - Open End | ₹0.6 Cr | 1.36% |
| Multi Commodity Exchange of India Ltd | Equity | ₹0.6 Cr | 1.35% |
| Indian Energy Exchange Ltd | Equity | ₹0.54 Cr | 1.21% |
| Prudent Corporate Advisory Services Ltd | Equity | ₹0.51 Cr | 1.16% |
| Muthoot Finance Ltd | Equity | ₹0.44 Cr | 0.98% |
| The Federal Bank Ltd | Equity | ₹0.42 Cr | 0.93% |
| Medi Assist Healthcare Services Ltd | Equity | ₹0.38 Cr | 0.85% |
| Motilal Oswal Financial Services Ltd | Equity | ₹0.34 Cr | 0.75% |
| BSE Ltd | Equity | ₹0.31 Cr | 0.69% |
Allocation By Market Cap (Equity)
Large Cap Stocks
60.70%
Mid Cap Stocks
9.85%
Small Cap Stocks
16.09%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹35.54 Cr | 79.84% |
| Technology | ₹2.65 Cr | 5.95% |
| Healthcare | ₹0.38 Cr | 0.85% |
Risk & Performance Ratios
Standard Deviation
This fund
--
Cat. avg.
15.23%
Lower the better
Sharpe Ratio
This fund
--
Cat. avg.
0.48
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
0.91
Higher the better
Fund Managers
Anupam Tiwari
Since February 2024
Saptarshee Chatterjee
Since February 2025
Additional Scheme Detailsas of 28th February 2025
ISIN INF666M01HS1 | Expense Ratio 0.36% | Exit Load 1.00% | Fund Size ₹45 Cr | Age 1 year 1 month | 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% | - | ₹10.86 Cr | 10.1% |
| Aditya Birla Sun Life Nifty Financial Services ETF Very High Risk | - | - | - | - |
| Nippon India ETF Nifty PSU Bank BeES Very High Risk | 0.5% | - | ₹2307.54 Cr | -7.6% |
| Kotak Nifty PSU Bank ETF Very High Risk | 0.5% | - | ₹1246.88 Cr | -7.6% |
| 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% | - | ₹282.92 Cr | 11.0% |
| ICICI Prudential Banking and Financial Services Regular Growth Very High Risk | 1.8% | 1.0% | ₹8843.33 Cr | 14.8% |
| UTI Banking and Financial Services Fund Regular Growth Very High Risk | 2.2% | 1.0% | ₹1106.91 Cr | 15.5% |
| Nippon India Banking & Financial Services Fund Regular Growth Very High Risk | 1.9% | 1.0% | ₹6129.15 Cr | 13.5% |
Related Articles
Still got questions?
We're here to help.
What is the current NAV of Groww Banking & Financial Services Fund Direct Growth?
What is the portfolio composition of Groww Banking & Financial Services Fund Direct Growth?
Who manages the Groww Banking & Financial Services Fund Direct Growth?
- Anupam Tiwari
- Saptarshee Chatterjee
Track & Analyse all your investments in one place
Compare your portfolio's performance with benchmarks
Identify potential risks in your portfolio and learn to fix them
Track all your family's investments in one place
Trending Mutual Funds Searches
Popular Equity Funds
Popular Debt Funds
Track all you investments in one place
Download Wealth Monitor App
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Get your portfolio reviewed by experts
