Groww Banking & Financial Services Fund

Groww Banking & Financial Services Fund

Equity

Groww Mutual Fund

Sector - Financial Services

Get the latest NAV of Groww Banking & Financial Services Fund. View historical returns compared to its benchmark and category average. Know which stocks and sectors the fund is investing in. Get an estimate of returns from the SIP and lump sum returns calculator. View detailed holding analysis and peer comparison. Get INDmoney ranking of the fund.

₹11.25

▲2.8%1D

NAV as on 02 Apr 2026

5.96%/per year

Since Inception

Absolute Gain%

▲▼

804 people have invested ₹ 27.2L in Groww Banking & Financial Services Fund in the last three months

Groww Banking & Financial Services Fund Performance vs. Nifty 500

Fund returns vs Benchmark returns vs Category Average returns as on (02-Apr-26)

The fund has outperformed the benchmark (Nifty 500) over 1Y, but underperformed over 3Y, 5Y.

Period
1M
3M
6M
1Y
3Y
5Y
This Fund
-9.53%
-9.35%
-5.09%
6.39%
--
--
Nifty 500
-8.31%
-13.12%
-8.68%
-1.54%
12.88%
10.91%
Sector - Financial Services Avg
-13.48%
-12.17%
-5.34%
5.5%
12.9%
12.61%
Best in Sector - Financial Services
-10.63%
-11.47%
-4.28%
15.88%
19.26%
15.17%
Worst in Sector - Financial Services
-15.65%
-16.12%
-11.38%
-5.79%
5.94%
9.52%

Peer comparison

Fund Name
INDmoney Rank
AUM (in Crs.)
Expense Ratio
1Y Returns
3Y Returns
3Y Alpha
3Y Beta
3Y Sharpe
3Y Sortino
3Y Info Ratio
Groww Banking & Financial Services Fund
-
64Cr
0.41%
6.39%
-
--
--
--
--
--
SBI Banking & Financial Services Fund
1/12
10,725Cr
0.72%
6.4%
18.79%
7.88
0.83
0.80
1.16
1.31
Mirae Asset Banking and Financial Services Fund
2/12
2,272Cr
0.57%
6.98%
16.34%
4.48
0.97
0.61
0.92
0.88
Invesco India Financial Services Fund
3/12
1,650Cr
0.79%
8.3%
19.51%
8.25
0.82
0.82
1.22
1.03
See all

Groww Banking & Financial Services Fund Returns Calculator

Calculate SIP and lumpsum returns based on historical performance

  • 1-time

  • SIP

Total Investment

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Profit

Total Corpus

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Absolute Return
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Groww Banking & Financial Services Fund Asset Allocation

See fund asset allocation details as on (14-Mar-26)

Fund Distribution

as on (14-Mar-26)

Large cap
39.9%
Small cap
32%
Mid cap
22.5%
Mid Cap allocation has gone up from 17.8% to 22.5%
Mid Cap allocation has gone up from 17.8% to 22.5%
Large Cap allocation has gone down from 43% to 39.9%
Large Cap allocation has gone down from 43% to 39.9%
Small Cap allocation has gone down from 35.6% to 32%
Small Cap allocation has gone down from 35.6% to 32%
Cash allocation has gone up from 3.6% to 5.6%
Cash allocation has gone up from 3.6% to 5.6%

Groww Banking & Financial Services Fund Sector Allocation

See fund sector allocation details as on (14-Mar-26)

Sector Allocation

Financial Services
95.6%
Consumer Cyclical
2.3%
Health
2.1%

Top Sector in February was Financial Services

Feb'26

Financial Services

100%

Jan'26

Financial Services

100%

Groww Banking & Financial Services Fund Holdings Details

as on (31-Mar-26)

Holdings
Weight%
1M Change
ICICI Bank Ltd
9.56%
0%
State Bank of India
8.28%
0%
Bajaj Finance Ltd
6.45%
-7.2%
Axis Bank Ltd
6.03%
0%
SBFC Finance Ltd
3.84%
8.5%
See all
Top Stocks bought last month
Bajaj Finance Ltd's allocation increased from 3.96% to 6.45%
Bajaj Finance Ltd's allocation increased from 3.96% to 6.45%
Prudent Corporate Advisory Services Ltd's allocation increased from 1.36% to 2.23%
Prudent Corporate Advisory Services Ltd's allocation increased from 1.36% to 2.23%
State Bank of India's allocation increased from 7.59% to 8.28%
State Bank of India's allocation increased from 7.59% to 8.28%
Top Stocks sold last month
ICICI Bank Ltd's allocation decreased from 9.6 % to 9.56 %
ICICI Bank Ltd's allocation decreased from 9.6 % to 9.56 %
Axis Bank Ltd's allocation decreased from 6.11 % to 6.03 %
Axis Bank Ltd's allocation decreased from 6.11 % to 6.03 %
SBI Life Insurance Co Ltd's allocation decreased from 3.59 % to 3.57 %
SBI Life Insurance Co Ltd's allocation decreased from 3.59 % to 3.57 %

Groww Banking & Financial Services Fund Overview

Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.

Expense ratio0.41%
Benchmark
Nifty Financial Services TRI
AUM₹64 Cr
Inception Date7 February, 2024
Min Lumpsum/SIP₹500/₹500
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
79.16%
Risk
Risk meter
pointer
Very High Risk

About Groww Banking & Financial Services Fund

Groww Banking & Financial Services Fund is an equity fund. This fund was started on 7 February, 2024. The fund is managed by Saptarshee Chatterjee, Anupam Tiwari, Gagan Thareja. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Groww Banking & Financial Services Fund has ₹64 Cr worth of assets under management (AUM) as on Mar 2026 and is more than category average.
  2. The fund has an expense ratio 0.4.

Returns

Groww Banking & Financial Services Fund has given a CAGR return of 5.96% since inception. Over the last 1 year the fund has given a CAGR return of 6.39%.

Holdings

Groww Banking & Financial Services Fund has allocated its funds majorly in Financial Services, Cash Equivalent. Its top holdings are ICICI Bank Ltd, State Bank of India, Bajaj Finance Ltd, Axis Bank Ltd, SBFC Finance Ltd

Taxation

As it is a sector - financial services mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

Investment objective of Groww Banking & Financial Services Fund

The primary investment objective of the scheme is to generate consistent long-term returns by investing in equity and equity-related instruments of banking and financial services companies and other related sectors/companies. The fund aims to capitalize on the growth opportunities and growth potential of various sub-sectors within the BFSI sector, including (but not limited to) banks, NBFCs, insurance companies, asset management companies, capital market participants, fintech players etc. (This includes companies benefiting from or contributing to the growth of the banking and financial services sector).

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. Groww Banking & Financial Services Fund has no lock in period.

Fund Manager

Saptarshee Chatterjee

Fund Manager of Groww Banking & Financial Services Fund, since 24 February 2025

Anupam Tiwari

Fund Manager of Groww Banking & Financial Services Fund, since 7 February 2024

Gagan Thareja

Fund Manager of Groww Banking & Financial Services Fund, since 20 January 2026

Learn more about Groww Mutual Fund
Parameters
Feb'26
Jan'26
Dec'25
AUM
₹ 63.9 Cr
₹ 62.5 Cr
₹ 61.8 Cr
  • AUM of the fund stands at 63.9 Cr as of Feb'26
  • AUM increased by 1.4 Cr between Feb'26 and Jan'26

Frequently Asked Questions for Groww Banking & Financial Services Fund

How do I invest in Groww Banking & Financial Services Fund?

INDmoney makes it simple to invest in the Groww Banking & Financial Services Fund. To do so, follow the steps below:
  • Download the INDmoney app.
  • Search for ‘Groww Banking & Financial Services Fund’.
  • Select whether you want to invest in SIP or lump sum.
  • Enter the amount you wish to invest.
  • Set up payments via bank mandate or UPI.

What is the current NAV of Groww Banking & Financial Services Fund?

The NAV of the fund today is ₹11.25. NAV or Net Asset Value is the per unit price of a mutual fund. For example, if the NAV of a fund is ₹10, it means you can get 1000 units of that mutual fund at ₹10,000.

What is the return on the fund?

Groww Banking & Financial Services Fund fund has generated a return of 6.39% in 1 year

Who is the fund manager of Groww Banking & Financial Services Fund?

The fund managers are Saptarshee Chatterjee, Anupam Tiwari, Gagan Thareja.

What is the exit load of the fund?

The exit load is 1% if redeemed in 0-30 Days. Exit load is a fee levied for ‘exiting’ the fund earlier than a stipulated period, usually 1 year.

What is the expense ratio of the fund?

The expense ratio is 0.41%. The Expense Ratio is a fee charged for managing the fund. This includes commissions, administrative costs etc.

What is the AUM of the fund?

The AUM of the fund is ₹64 Cr. AUM stands for Assets Under Management. It refers to the total assets managed by the fund.

What are the top holdings of Groww Banking & Financial Services Fund?

The top 3 holdings of the fund are ICICI Bank Ltd(9.56%), State Bank of India(8.28%), Bajaj Finance Ltd(6.45%)