Groww Banking & Financial Services Fund Direct Growth
EquitySector - Financial ServicesVery High Risk
Direct
NAV (17-Apr-25)
Returns (Since Inception)
Fund Overview
Fund Size
₹49 Cr
Expense Ratio
0.36%
ISIN
INF666M01HS1
Minimum SIP
₹100
Exit Load
1.00%
Inception Date
07 Feb 2024
About this fund
As of 17-Apr-25, it has a Net Asset Value (NAV) of ₹11.15, Assets Under Management (AUM) of 49.26 Crores, and an expense ratio of 0.36%.
- Groww Banking & Financial Services Fund Direct Growth has given a CAGR return of 9.94% since inception.
- The fund's asset allocation comprises around 94.83% in equities, 0.00% in debts, and 5.16% 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
+10.19%
+13.10% (Cat Avg.)
Since Inception
+9.94%
— (Cat Avg.)
Portfolio Summaryas of 31st March 2025
| Equity | ₹46.72 Cr | 94.83% |
| Others | ₹2.55 Cr | 5.17% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| ICICI Bank Ltd | Equity | ₹10.3 Cr | 20.91% |
| HDFC Bank Ltd | Equity | ₹8.68 Cr | 17.63% |
| Nse Bank Nifty 24/04/2025 | Equity Index - Future | ₹3.42 Cr | 6.95% |
| State Bank of India | Equity | ₹2.8 Cr | 5.68% |
| Bajaj Holdings and Investment Ltd | Equity | ₹2.21 Cr | 4.48% |
| Net Receivable/Payable | Cash | ₹1.94 Cr | 3.93% |
| Axis Bank Ltd | Equity | ₹1.83 Cr | 3.71% |
| One97 Communications Ltd | Equity | ₹1.18 Cr | 2.39% |
| Max Financial Services Ltd | Equity | ₹1.14 Cr | 2.32% |
| India Shelter Finance Corporation Ltd | Equity | ₹1.11 Cr | 2.25% |
| Nuvama Wealth Management Ltd | Equity | ₹1.09 Cr | 2.21% |
| Angel One Ltd Ordinary Shares | Equity | ₹1.05 Cr | 2.14% |
| Computer Age Management Services Ltd Ordinary Shares | Equity | ₹1.03 Cr | 2.10% |
| ICICI Prudential Life Insurance Co Ltd | Equity | ₹0.97 Cr | 1.97% |
| PB Fintech Ltd | Equity | ₹0.89 Cr | 1.81% |
| Bank of Baroda | Equity | ₹0.86 Cr | 1.74% |
| KFin Technologies Ltd | Equity | ₹0.83 Cr | 1.69% |
| Shriram Finance Ltd | Equity | ₹0.77 Cr | 1.57% |
| Prudent Corporate Advisory Services Ltd | Equity | ₹0.73 Cr | 1.47% |
| Power Finance Corp Ltd | Equity | ₹0.73 Cr | 1.47% |
| PNB Housing Finance Ltd | Equity | ₹0.73 Cr | 1.47% |
| Multi Commodity Exchange of India Ltd | Equity | ₹0.64 Cr | 1.30% |
| Groww Liquid Fund Dir Gr | Mutual Fund - Open End | ₹0.61 Cr | 1.23% |
| Indian Energy Exchange Ltd | Equity | ₹0.61 Cr | 1.23% |
| Cholamandalam Investment and Finance Co Ltd | Equity | ₹0.52 Cr | 1.06% |
| Muthoot Finance Ltd | Equity | ₹0.49 Cr | 0.99% |
| CreditAccess Grameen Ltd Ordinary Shares | Equity | ₹0.47 Cr | 0.96% |
| Medi Assist Healthcare Services Ltd | Equity | ₹0.38 Cr | 0.77% |
| BSE Ltd | Equity | ₹0.36 Cr | 0.74% |
| Motilal Oswal Financial Services Ltd | Equity | ₹0.35 Cr | 0.71% |
| Cholamandalam Financial Holdings Ltd | Equity | ₹0.3 Cr | 0.60% |
| SBI Life Insurance Co Ltd | Equity | ₹0.25 Cr | 0.51% |
Allocation By Market Cap (Equity)
Large Cap Stocks
60.74%
Mid Cap Stocks
8.96%
Small Cap Stocks
18.19%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹39.87 Cr | 80.94% |
| Technology | ₹3.04 Cr | 6.17% |
| Healthcare | ₹0.38 Cr | 0.77% |
Risk & Performance Ratios
Standard Deviation
This fund
--
Cat. avg.
15.59%
Lower the better
Sharpe Ratio
This fund
--
Cat. avg.
0.60
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.16
Higher the better
Fund Managers
Anupam Tiwari
Since February 2024
Saptarshee Chatterjee
Since February 2025
Additional Scheme Detailsas of 31st March 2025
ISIN INF666M01HS1 | Expense Ratio 0.36% | Exit Load 1.00% | Fund Size ₹49 Cr | Age 1 year 2 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  |
|---|---|---|---|---|
| HSBC Financial Services Fund Regular Growth Very High Risk | 2.4% | 1.0% | ₹539.54 Cr | - |
| HSBC Financial Services Fund Direct Growth Very High Risk | 0.9% | 1.0% | ₹539.54 Cr | - |
| HDFC Nifty Bank ETF Very High Risk | 0.2% | - | ₹2602.65 Cr | 15.1% |
| Mirae Asset Nifty PSU Bank ETF Very High Risk | 0.2% | - | ₹38.33 Cr | - |
| Edelweiss Nifty Bank ETF Very High Risk | 0.1% | - | ₹9.85 Cr | - |
| Helios Financial Services Fund Direct Growth Very High Risk | 0.8% | 1.0% | ₹153.41 Cr | - |
| Helios Financial Services Fund Regular Growth Very High Risk | 2.4% | 1.0% | ₹153.41 Cr | - |
| Baroda BNP Paribas NIFTY Bank ETF Very High Risk | 0.1% | - | ₹4.31 Cr | - |
| ICICI Prudential Nifty Private Banks ETF Very High Risk | 0.1% | - | ₹2951.74 Cr | 14.9% |
| HDFC Nifty Private Bank ETF Very High Risk | 0.1% | - | ₹322.26 Cr | 14.9% |
Risk Level
Your principal amount will be at Very High Risk
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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
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Compare your portfolio's performance with benchmarks
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Groww Banking & Financial Services Fund Direct Growth
EquitySector - Financial ServicesVery High Risk
Direct
NAV (17-Apr-25)
Returns (Since Inception)
Fund Overview
Fund Size
₹49 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 17-Apr-25, it has a Net Asset Value (NAV) of ₹11.15, Assets Under Management (AUM) of 49.26 Crores, and an expense ratio of 0.36%.
- Groww Banking & Financial Services Fund Direct Growth has given a CAGR return of 9.94% since inception.
- The fund's asset allocation comprises around 94.83% in equities, 0.00% in debts, and 5.16% 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
+10.19%
+13.10% (Cat Avg.)
Since Inception
+9.94%
— (Cat Avg.)
Portfolio Summaryas of 31st March 2025
| Equity | ₹46.72 Cr | 94.83% |
| Others | ₹2.55 Cr | 5.17% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type | Amount | Holdings |
|---|---|---|---|
| ICICI Bank Ltd | Equity | ₹10.3 Cr | 20.91% |
| HDFC Bank Ltd | Equity | ₹8.68 Cr | 17.63% |
| Nse Bank Nifty 24/04/2025 | Equity Index - Future | ₹3.42 Cr | 6.95% |
| State Bank of India | Equity | ₹2.8 Cr | 5.68% |
| Bajaj Holdings and Investment Ltd | Equity | ₹2.21 Cr | 4.48% |
| Net Receivable/Payable | Cash | ₹1.94 Cr | 3.93% |
| Axis Bank Ltd | Equity | ₹1.83 Cr | 3.71% |
| One97 Communications Ltd | Equity | ₹1.18 Cr | 2.39% |
| Max Financial Services Ltd | Equity | ₹1.14 Cr | 2.32% |
| India Shelter Finance Corporation Ltd | Equity | ₹1.11 Cr | 2.25% |
| Nuvama Wealth Management Ltd | Equity | ₹1.09 Cr | 2.21% |
| Angel One Ltd Ordinary Shares | Equity | ₹1.05 Cr | 2.14% |
| Computer Age Management Services Ltd Ordinary Shares | Equity | ₹1.03 Cr | 2.10% |
| ICICI Prudential Life Insurance Co Ltd | Equity | ₹0.97 Cr | 1.97% |
| PB Fintech Ltd | Equity | ₹0.89 Cr | 1.81% |
| Bank of Baroda | Equity | ₹0.86 Cr | 1.74% |
| KFin Technologies Ltd | Equity | ₹0.83 Cr | 1.69% |
| Shriram Finance Ltd | Equity | ₹0.77 Cr | 1.57% |
| Prudent Corporate Advisory Services Ltd | Equity | ₹0.73 Cr | 1.47% |
| Power Finance Corp Ltd | Equity | ₹0.73 Cr | 1.47% |
| PNB Housing Finance Ltd | Equity | ₹0.73 Cr | 1.47% |
| Multi Commodity Exchange of India Ltd | Equity | ₹0.64 Cr | 1.30% |
| Groww Liquid Fund Dir Gr | Mutual Fund - Open End | ₹0.61 Cr | 1.23% |
| Indian Energy Exchange Ltd | Equity | ₹0.61 Cr | 1.23% |
| Cholamandalam Investment and Finance Co Ltd | Equity | ₹0.52 Cr | 1.06% |
| Muthoot Finance Ltd | Equity | ₹0.49 Cr | 0.99% |
| CreditAccess Grameen Ltd Ordinary Shares | Equity | ₹0.47 Cr | 0.96% |
| Medi Assist Healthcare Services Ltd | Equity | ₹0.38 Cr | 0.77% |
| BSE Ltd | Equity | ₹0.36 Cr | 0.74% |
| Motilal Oswal Financial Services Ltd | Equity | ₹0.35 Cr | 0.71% |
| Cholamandalam Financial Holdings Ltd | Equity | ₹0.3 Cr | 0.60% |
| SBI Life Insurance Co Ltd | Equity | ₹0.25 Cr | 0.51% |
Allocation By Market Cap (Equity)
Large Cap Stocks
60.74%
Mid Cap Stocks
8.96%
Small Cap Stocks
18.19%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹39.87 Cr | 80.94% |
| Technology | ₹3.04 Cr | 6.17% |
| Healthcare | ₹0.38 Cr | 0.77% |
Risk & Performance Ratios
Standard Deviation
This fund
--
Cat. avg.
15.59%
Lower the better
Sharpe Ratio
This fund
--
Cat. avg.
0.60
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.16
Higher the better
Fund Managers
Anupam Tiwari
Since February 2024
Saptarshee Chatterjee
Since February 2025
Additional Scheme Detailsas of 31st March 2025
ISIN INF666M01HS1 | Expense Ratio 0.36% | Exit Load 1.00% | Fund Size ₹49 Cr | Age 1 year 2 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 |
|---|---|---|---|---|
| HSBC Financial Services Fund Regular Growth Very High Risk | 2.4% | 1.0% | ₹539.54 Cr | - |
| HSBC Financial Services Fund Direct Growth Very High Risk | 0.9% | 1.0% | ₹539.54 Cr | - |
| HDFC Nifty Bank ETF Very High Risk | 0.2% | - | ₹2602.65 Cr | 15.1% |
| Mirae Asset Nifty PSU Bank ETF Very High Risk | 0.2% | - | ₹38.33 Cr | - |
| Edelweiss Nifty Bank ETF Very High Risk | 0.1% | - | ₹9.85 Cr | - |
| Helios Financial Services Fund Direct Growth Very High Risk | 0.8% | 1.0% | ₹153.41 Cr | - |
| Helios Financial Services Fund Regular Growth Very High Risk | 2.4% | 1.0% | ₹153.41 Cr | - |
| Baroda BNP Paribas NIFTY Bank ETF Very High Risk | 0.1% | - | ₹4.31 Cr | - |
| ICICI Prudential Nifty Private Banks ETF Very High Risk | 0.1% | - | ₹2951.74 Cr | 14.9% |
| HDFC Nifty Private Bank ETF Very High Risk | 0.1% | - | ₹322.26 Cr | 14.9% |
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
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