
Groww Banking & Financial Services Fund Direct Growth
Groww Banking & Financial Services Fund Direct Growth
as on 06 Nov 2026
Groww Banking & Financial Services Fund Direct Growth is a Equity mutual fund scheme launched on 07 Feb 2024. The current NAV stands at ₹13.1742 as of 06 Nov 2026. From the funds total AUM, its top holdings include ICICI Bank at 7.78%, HDFC Bank at 7.69%, Axis Bank at 7.11%, BSE at 5.91%, MCX at 4.85%
Scheme Overview
- Inception Date : 07 Feb 2024
- AUM : ₹106.80 Cr
- 1Y Returns (CAGR) : 7.60%
- Expense Ratio : 1.26%
- Min. SIP : ₹500
- Min. Lumpsum : ₹500
Returns Calculator
basis annualised returns
Investment Type
SIP Amount
Investment Period
1Y
₹ 6.10 L
3.50%
₹ 6.27 L
8.00%
₹ 6.25 L
7.60%
Total Investment
₹ 6,00,000
Returns
₹ 25,283 (7.60%)
Maturity Value
₹ 6,25,283
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
Sorry, No Data Available at this Moment!
Returns vs Category
Sorry, No Data Available at this Moment!
*The above returns are absolute
Returns Vs Nifty 50
Historical Returns
Sorry, No Data Available at this Moment!
Start SIP with as Low as ₹100.
Historical NAV
Sorry, No Data Available at this Moment!
Asset Allocation
AUM
₹ 106.80 Cr
Cash Holding
-
Equity
-
Cash
-
Debt
-
Other
-
Asset Allocation
AUM
₹106.80 Cr
Cash Holding
-
Equity
-
Cash
-
Debt
-
Other
-
Sector Holdings
as of 31 May 2026
| Sectors | Allocation | Weightage | Value (in Cr.) |
|---|---|---|---|
| Financial Services | 96.74% | ||
| Other | 3.26% |
Stock Holdings
as of 31 May 2026
| Name | Allocation | Weightage |
|---|---|---|
![]() I ICICI Bank | 7.78% | |
![]() H HDFC Bank | 7.69% | |
![]() A Axis Bank | 7.11% | |
![]() B BSE | 5.91% | |
![]() M MCX | 4.85% | |
![]() B Bajaj Finance | 3.91% | |
![]() U Ujjivan Small Finance Bank | 3.70% | |
![]() R RBL Bank | 3.68% | |
![]() S SBFC Finance | 3.55% | |
![]() I India Shelter Finance | 2.91% | |
![]() P Prudent Corporate Advisory Services | 2.78% | |
![]() O OnEMI Technology Solutions | 2.75% | |
![]() F Federal Bank | 2.72% | |
![]() A Aditya Birla Capital | 2.68% | |
![]() S Shriram Finance | 2.67% | |
![]() H Home First Finance Company | 2.66% | |
![]() L L&T Finance | 2.59% | |
![]() S State Bank of India | 2.58% | |
![]() P PB FinTech | 2.49% | |
![]() U Union Bank of India | 2.46% | |
![]() M Max Financial Services | 2.44% | |
![]() N Nippon Life India AMC | 2.43% | |
![]() F Fedbank Financial Services | 2.39% | |
![]() S SBI Life Insurance | 2.09% | |
![]() K Karur Vysya Bank | 2.02% | |
![]() H Hdfc Bank Limited 28/07/2026 | 1.94% | |
![]() C City Union Bank | 1.73% | |
![]() J Jammu & Kashmir Bank | 1.57% | |
![]() T Tamilnad Mercantile Bank | 1.53% | |
![]() T Treps 01-Jun-2026 | 1.37% | |
![]() A Angel One | 1.16% | |
![]() C Credit Access Grameen | 0.98% | |
![]() A Arman Financial Services | 0.95% | |
![]() N Net Receivable/Payable | 0.05% | |
![]() K Kotak Bank | 0.00% | |
![]() F Five Star Business Finance | 0.00% | |
![]() S Star Health Insurance | 0.00% | |
![]() B Bank of Baroda | 0.00% | |
![]() M Muthoot Microfin | 0.00% | |
![]() N Northern Arc Capital | 0.00% | |
![]() T TBO Tek | 0.00% |
Fund Comparison
Fund Details
52W High NAV
₹ 13.9760
Min. SIP Amount
₹ 500.00
Min. Lumpsum Amount
₹ 500.00
AUM (in Cr.)
₹ 106.80
Expense Ratio
1.26%
Lock-in Period
No Lock in Period
52W Low NAV
₹ 10.9657
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
- Exit load of 1%, if redeemed within 30 days.
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
| Name | Qualification |
|---|---|
| Anupam Tiwari | CA |
| Hitesh Das | PGDM, M.Tech, B.Tech |
| Nikhil Satam | B. com & Masters in Finance (MFM) |
| Saptarshee Chatterjee | CFA Level 3 passed, PGDM (Finance) from IIM Indore , BE (E.T.C.E) from Jadavpur University |
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
AMC Information
Groww Mutual Fund
No. of Schemes
36
Total AUM
₹ 5,465.21 Cr
Contact Details
505 - 5th Floor, Tower 2B, One WorldCenter, Lower Parel,Mumbai - 400013, Maharashtra
Contact Details
505 - 5th Floor, Tower 2B, One WorldCenter, Lower Parel,Mumbai - 400013, Maharashtra
FAQs
When was Groww Banking & Financial Services Fund launched?
What is the current NAV of Groww Banking & Financial Services Fund?
What is the AUM of Groww Banking & Financial Services Fund?
What is the rate of return of Groww Banking & Financial Services Fund?
- In the past 1Y: 7.60%
- In the past 3Y: 0.00%
- In the past 5Y: 0.00%
What is the expense ratio of Groww Banking & Financial Services Fund?
What is exit load of Groww Banking & Financial Services Fund?
What is the portfolio of Groww Banking & Financial Services Fund?
- ICICI Bank: 7.78%
- HDFC Bank: 7.69%
- Axis Bank: 7.11%
- BSE: 5.91%
- MCX: 4.85%
Top 3 sectoral holdings include:
- Financial Services: 96.74%
- Others: 3.35%
How risky is investing in Groww Banking & Financial Services Fund?
Who is the fund manager Groww Banking & Financial Services Fund?
What is the minimum investment required in Groww Banking & Financial Services Fund?
How to invest in Groww Banking & Financial Services Fund directly?
- Open Demat Account on Dhan if you don't have one.
- Analyze the fund performance.
- Invest via SIP or Lumpsum.

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