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.
₹11.35
1D
NAV as on 13 May 2025
10.92%/per year
Since Inception
▲▼
896 people have invested ₹ 13.9L 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 (13-May-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 (15-Apr-25)
Fund Distribution
as on (15-Apr-25)
Equity 90.6%
Debt & Cash 9.4%
Groww Banking & Financial Services Fund Sector Allocation
See fund sector allocation details as on (15-Apr-25)
Sector Allocation
Equity 90.6%
Debt & Cash 9.4%
Top 3 Sectors in March were Financial Services, Tech & Corporate
Financial Services
92%
Tech
7%
Government
2%
Financial Services
92%
Tech
7%
Corporate
2%
Groww Banking & Financial Services Fund Holdings Details
as on (30-Apr-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 | ₹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
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 ₹52 Cr worth of assets under management (AUM) as on Mar 2025 and is less 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 10.92% since inception. Over the last 1 year the fund has given a CAGR return of 11.06%.
Holdings
Groww Banking & Financial Services Fund Direct Growth 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 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 49.3 Cr as of Mar'25
- AUM increased by 4.8 Cr between Mar'25 and Feb'25
More funds from Groww
5Y CAGR
▲ 24.29
5Y CAGR
▲ 20.55
5Y CAGR
▲ 21.38
1Y CAGR
▲ 9.48
1Y CAGR
▲ 4.95
Frequently Asked Questions for Groww Banking & Financial Services Fund Direct Growth
What is the current NAV of Groww Banking & Financial Services Fund Direct Growth?
What are the average returns of Groww Banking & Financial Services Fund Direct Growth?
Groww Banking & Financial Services Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 6.98% | 6.98% |
6 Month Returns | 5.02% | 5.02% |
1 Year Returns | 11.06% | 11.06% |
3 Years Returns | 0% | 0% |
How do I invest in Groww Banking & Financial Services Fund Direct Growth?
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
What is the expense ratio of Groww Banking & Financial Services Fund Direct Growth?
What is net assets under management (AUM) of Groww Banking & Financial Services Fund Direct Growth?
What are the top 5 holdings of Groww Banking & Financial Services Fund Direct Growth?
What are the top 3 sectors that this Groww Banking & Financial Services Fund Direct Growth has invested in?
What is the alpha of Groww Banking & Financial Services Fund Direct Growth?
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Groww Banking & Financial Services Fund Direct Growth | -4.3 | - | - |
What is the beta of Groww Banking & Financial Services Fund Direct Growth??
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Groww Banking & Financial Services Fund Direct Growth | 1.04 | - | - |
What is the sharpe ratio of Groww Banking & Financial Services Fund Direct Growth?
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Groww Banking & Financial Services Fund Direct Growth | 0.08 | - | - |
What is the standard deviation of Groww Banking & Financial Services Fund Direct Growth?
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Groww Banking & Financial Services Fund Direct Growth | 15.8 | - | - |