Groww Banking & Financial Services Fund Direct Payout Inc Dist cum Cap Wdrl
Get the latest NAV of Groww Banking & Financial Services Fund Direct Payout Inc Dist cum Cap Wdrl. 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.
₹11.81
▲0.4%1D
NAV as on 30 May 2025
13.93%/per year
Since Inception
▲▼
1 people have invested ₹ 500 in Groww Banking & Financial Services Fund Direct Payout Inc Dist cum Cap Wdrl in the last three months
Groww Banking & Financial Services Fund Direct Payout Inc Dist cum Cap Wdrl Performance vs. Nifty 500
Fund returns vs Benchmark returns vs Category Average returns as on (30-May-25)
The fund has outperformed the benchmark (Nifty 500) over 1Y, but underperformed over 3Y, 5Y.
Peer comparison
Groww Banking & Financial Services Fund Direct Payout Inc Dist cum Cap Wdrl Returns Calculator
Calculate SIP and lumpsum returns based on historical performance
Total Investment
0
Profit
Total Corpus
0
Groww Banking & Financial Services Fund Direct Payout Inc Dist cum Cap Wdrl Asset Allocation
See fund asset allocation details as on (13-May-25)
Fund Distribution
as on (13-May-25)
Equity 90.6%
Debt & Cash 9.4%
Groww Banking & Financial Services Fund Direct Payout Inc Dist cum Cap Wdrl Sector Allocation
See fund sector allocation details as on (13-May-25)
Sector Allocation
Equity 90.6%
Debt & Cash 9.4%
Top 3 Sectors in April were Financial Services, Tech & Government
Financial Services
95%
Tech
4%
Government
2%
Financial Services
92%
Tech
7%
Government
2%
Groww Banking & Financial Services Fund Direct Payout Inc Dist cum Cap Wdrl Holdings Details
as on (31-May-25)
Equity
Debt & Cash
Groww Banking & Financial Services Fund Direct Payout Inc Dist cum Cap Wdrl Overview
Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.
| Expense ratio | 0.36% |
Benchmark | Nifty Financial Services TRI |
| AUM | ₹52 Cr |
| Inception Date | 7 February, 2024 |
| Min Lumpsum/SIP | ₹500/₹500 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 609.58% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
About Groww Banking & Financial Services Fund Direct Payout Inc Dist cum Cap Wdrl
Groww Banking & Financial Services Fund Direct Payout Inc Dist cum Cap Wdrl is an equity fund. This fund was started on 7 February, 2024. The fund is managed by Anupam Tiwari. The fund could potentially beat inflation in the long-run.
Key Parameters
- Groww Banking & Financial Services Fund Direct Payout Inc Dist cum Cap Wdrl has ₹52 Cr worth of assets under management (AUM) as on Apr 2025 and is less than category average.
- The fund has an expense ratio 0.4.
Returns
Groww Banking & Financial Services Fund Direct Payout Inc Dist cum Cap Wdrl has given a CAGR return of 13.93% since inception. Over the last 1 year the fund has given a CAGR return of 14.96%.
Holdings
Groww Banking & Financial Services Fund Direct Payout Inc Dist cum Cap Wdrl has allocated its funds majorly in Cash Equivalent, Financial Services, Tech, Government, Corporate, Health. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, State Bank of India, Bajaj Holdings and Investment Ltd, SBI Life Insurance Co 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 benefitDividends 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 Direct Payout Inc Dist cum Cap Wdrl
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 Direct Payout Inc Dist cum Cap Wdrl has no lock in period.
Fund Manager
Anupam Tiwari
Fund Manager of Groww Banking & Financial Services Fund Direct Payout Inc Dist cum Cap Wdrl, since 7 February 2024
- AUM of the fund stands at 51.8 Cr as of Apr'25
- AUM increased by 2.5 Cr between Apr'25 and Mar'25
More funds from Groww
5Y CAGR
▲ 24.74
5Y CAGR
▲ 21.84
5Y CAGR
▲ 20.99
1Y CAGR
▲ 9.20
1Y CAGR
▲ 14.96
Frequently Asked Questions for Groww Banking & Financial Services Fund Direct Payout Inc Dist cum Cap Wdrl
How do I invest in Groww Banking & Financial Services Fund Direct Payout Inc Dist cum Cap Wdrl?
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