Groww Banking & Financial Services Fund Direct Growth
Get the latest NAV of Groww Banking & Financial Services Fund Direct Growth. 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.
₹12.28
▲0.8%1D
NAV as on 27 Jun 2025
16.34%/per year
Since Inception
▲▼
963 people have invested ₹ 16.9L in Groww Banking & Financial Services Fund Direct Growth 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 (27-Jun-25)
The fund has outperformed the benchmark (Nifty 500) over 1Y, but underperformed over 3Y, 5Y.
Peer comparison
Groww Banking & Financial Services Fund Returns Calculator
Calculate SIP and lumpsum returns based on historical performance
Total Investment
0
Profit
Total Corpus
0
Groww Banking & Financial Services Fund Asset Allocation
See fund asset allocation details as on (14-Jun-25)
Fund Distribution
as on (14-Jun-25)
Equity 95.5%
Debt & Cash 4.5%
Groww Banking & Financial Services Fund Sector Allocation
See fund sector allocation details as on (14-Jun-25)
Sector Allocation
Equity 95.5%
Debt & Cash 4.5%
Top 3 Sectors in May were Financial Services, Tech & Government
Financial Services
96%
Government
5%
Tech
4%
Financial Services
95%
Tech
4%
Government
2%
Groww Banking & Financial Services Fund Holdings Details
as on (31-May-25)
Equity
Debt & Cash
Groww Banking & Financial Services Fund Direct Growth 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 | ₹54 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
Groww Banking & Financial Services Fund Direct Growth 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 Growth has ₹54 Cr worth of assets under management (AUM) as on Jun 2025 and is more than category average.
- The fund has an expense ratio 0.4.
Returns
Groww Banking & Financial Services Fund Direct Growth has given a CAGR return of 16.34% since inception. Over the last 1 year the fund has given a CAGR return of 11.22%.
Holdings
Groww Banking & Financial Services Fund Direct Growth has allocated its funds majorly in Financial Services, Cash Equivalent, Government, Tech, Corporate, Health. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, Bajaj Holdings and Investment Ltd, SBI Life Insurance Co Ltd, Axis Bank 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 Growth
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 Growth has no lock in period.
Fund Manager
Anupam Tiwari
Fund Manager of Groww Banking & Financial Services Fund Direct Growth, since 7 February 2024
- AUM of the fund stands at 54 Cr as of May'25
- AUM increased by 2.2 Cr between May'25 and Apr'25
More funds from Groww
5Y CAGR
▲ 23.96
5Y CAGR
▲ 21.03
5Y CAGR
▲ 20.15
1Y CAGR
▲ 5.39
1Y CAGR
▲ 3.74
Frequently Asked Questions for Groww Banking & Financial Services Fund Direct Growth
How do I invest in Groww Banking & Financial Services Fund?
- 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.