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Groww Banking & Financial Services Fund Direct - Growth

EquitySectoral / Thematic

1 Year Returns

20.07%profit

NAV (₹) on 09 Mar 2026

11.7104

1 Day NAV Change (₹)

-0.2589
Overview
Direct vs Regular
Returns Comparison
Historical Data
Holdings
Fund Details
AMC Details
FAQs

About Fund

Groww Banking & Financial Services Fund Direct - Growth is a Equity mutual fund scheme launched on 07 Feb 2024. Investors can begin their investment journey with a minimum SIP of ₹500 or a lumpsum investment of ₹500.

NAV

NIFTY50

Returns Calculator

Based on Annualised Returns

Investment Type

SIP Amount

Investment Period

1Y

₹ 6.10 L

3.50%

₹ 6.27 L

8.00%

₹ 6.69 L

20.07%

Savings Account
Regular Funds
This Fund on Dhan

Total Investment

₹ 6,00,000

Returns

₹ 69,400 (11.57%)

Maturity Value

₹ 6,69,400

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Disclaimer: Fixed deposits offer guaranteed returns. Mutual fund investments carry market risks; read all scheme-related documents carefully. Past performance does not guarantee future returns.

Direct vs Regular Returns

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Returns Comparison

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*The above returns are absolute.

Historical Returns

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SIP Logo

Start SIP with as Low as ₹100.

Start SIP
Historical NAV
10 Days
1 Month
3 Months
6 Months
1 Year
3 Years
5 Years
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Asset Allocation

AUM

₹62.52 Cr

Cash Holding

-

Equity

-

Cash

-

Debt

-

Other

-

Sector Holdings

No data

Sorry, No Data Available at this Moment!

Stock Holdings

No data

Sorry, No Data Available at this Moment!

Fund Comparison

Fund Details

52W High NAV

₹ 12.7977

Min. SIP Amount

₹ 500.00

Min. Lumpsum Amount

₹ 500.00

AUM (in Cr.)

₹ 62.52

Expense Ratio

0.36%

Lock-in Period

No Lock in Period

52W Low NAV

₹ 9.9121

Inception Date

07 Feb 2024

Fund Age

2 Yrs

Benchmark

Nifty Financial Services TRI

Scheme Type

Open Ended

Stamp Duty

0.005% (from July 1st 2020)

Exit Load

  • For Redemption / Switch-out Of Units On Or Before 30 Days From The Date Of Allotment: 1.00% Of Applicable Nav

Tax Implication

  • If you redeem within 1 year, STCG are taxed at 20%; If you redeem after 1 year, and returns exceed ₹1.25 Lakhs in a financial year, LTCG are taxed at 12.5%

Fund Managers

Anupam Tiwari

Name

Anupam Tiwari

Qualification

CA

Saptarshee Chatterjee

Name

Saptarshee Chatterjee

Qualification

CFA Level 3 passed, PGDM (Finance) from IIM Indore , BE (E.T.C.E) from Jadavpur University

Gagan Thareja

Name

Gagan Thareja

Qualification

Master of Finance

Fund Objective

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).

Risk-O-Meter

Investors understand that their principal will be at

Very High Risk

Risk Scale

Low

Moderately Low

Moderate

Moderately High

High

Very High

Explained by the Fund Manager

Get a deeper understanding of Groww Banking and Financial Services Fund straight from the expert. Here the fund manager has given a break down the fund’s investment objective, portfolio composition, and strategy. Learn how the holdings are selected, the sectors in focus, and what makes this scheme stand out. Whether you're an existing investor or currently evaluating the fund, this video offers valuable insights to help you make informed decisions.

AMC Information

Groww Mutual Fund

Funds Managed

34

Assets Managed (₹ Cr)

₹ 2,904.33

Contact Details

telephone 022-69744435

Registered Address

locate

505 - 5th Floor, Tower 2B, One WorldCenter, Lower Parel,Mumbai - 400013, Maharashtra

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FAQs

Groww Banking & Financial Services Fund was launched on 07 Feb 2024.
The current NAV of Groww Banking & Financial Services Fund is ₹11.7104 as of 09 Mar 2026.
The latest value of AUM of Groww Banking & Financial Services Fund is ₹62.52 crores as of 09 Mar 2026.
The return on investment of Groww Banking & Financial Services Fund is:
  • In the past 1Y: 20.07%
  • In the past 3Y: 0.00%
  • In the past 5Y: 0.00%
The expense ratio of Groww Banking & Financial Services Fund is 0.36%.
The exit load of Groww Banking & Financial Services Fund is as follows:
For Redemption / Switch-out Of Units On Or Before 30 Days From The Date Of Allotment: 1.00% Of Applicable Nav|nil
The portfolio of Groww Banking & Financial Services Fund includes:
No Data

No data to show right now!


Top 3 sectoral holdings include:
On the risk scale of Low, Moderately Low, Moderate, Moderately High, High and Very High, the risk-o-meter of Groww Banking & Financial Services Fund is Very High.
The fund manager of Groww Banking & Financial Services Fund is Anupam Tiwari, Saptarshee Chatterjee, Gagan Thareja.
If you wish to invest in Groww Banking & Financial Services Fund, the minimum SIP amount is ₹500 and Lumpsum is ₹500.
You can easily invest in mutual funds at 0% commission on Dhan. Here's how you can directly invest in Groww Banking & Financial Services Fund:
  • Open Demat Account on Dhan if you don't have one.
  • Analyze the fund performance.
  • Invest via SIP or Lumpsum.
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