
Groww Nifty PSU Bank Index Fund Direct Growth is a mutual fund scheme launched on 24 Mar 2026. The current NAV stands at ₹10.8567 as of 11 Nov 2026. From the funds total AUM, its top holdings include State Bank of India at 31.45%, Bank of Baroda at 14.23%, Canara Bank at 12.60%, Punjab National Bank at 10.45%, Union Bank of India at 9.27%
Scheme Overview
- Inception Date : 24 Mar 2026
- AUM : ₹5.43 Cr
- Expense Ratio : 1.37%
- Min. SIP : ₹500
- Min. Lumpsum : ₹500
Returns Calculator
basis annualised returns
Investment Type
SIP Amount
Investment Period
6M
₹ 3.02 L
3.50%
₹ 3.07 L
8.00%
₹ 3.05 L
5.48%
Total Investment
₹ 3,00,000
Returns
₹ 4,832 (5.48%)
Maturity Value
₹ 3,04,832
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
₹ 5.43 Cr
Cash Holding
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Equity
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Cash
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Debt
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Other
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Asset Allocation
AUM
₹5.43 Cr
Cash Holding
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Equity
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Cash
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Debt
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Other
-
Sector Holdings
as of 31 May 2026
| Sectors | Allocation | Weightage | Value (in Cr.) |
|---|---|---|---|
| Financial Services | 99.24% | ||
| Other | 0.76% |
Stock Holdings
as of 31 May 2026
| Name | Allocation | Weightage |
|---|---|---|
![]() S State Bank of India | 31.45% | |
![]() B Bank of Baroda | 14.23% | |
![]() C Canara Bank | 12.60% | |
![]() P Punjab National Bank | 10.45% | |
![]() U Union Bank of India | 9.27% | |
![]() I Indian Bank | 8.41% | |
![]() B Bank of India | 4.86% | |
![]() B Bank of Maharashtra | 4.61% | |
![]() I Indian Overseas Bank | 1.39% | |
![]() C Central Bank of India | 0.86% | |
![]() U UCO Bank | 0.82% | |
![]() N Net Receivable/Payable | 0.76% | |
![]() P Punjab & Sind Bank | 0.30% |
Fund Comparison
Fund Details
52W High NAV
₹ 10.7535
Min. SIP Amount
₹ 500.00
Min. Lumpsum Amount
₹ 500.00
AUM (in Cr.)
₹ 5.43
Expense Ratio
1.37%
Lock-in Period
No Lock in Period
52W Low NAV
₹ 9.4053
Inception Date
24 Mar 2026
Fund Age
0 Yrs
Benchmark
Nifty PSU Bank TRI
Scheme Type
Open Ended
Stamp Duty
0.005% (from July 1st 2020)
Exit Load
- No charges for withdrawal
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 |
|---|---|
| Nikhil Satam | B. com & Masters in Finance (MFM) |
| Aakash Chauhan | MBA in Finance |
| Shashi Kumar | PGDBM, BBA |
Fund Objective
The investment objective of the Scheme is to generate long-term capital growth by investing in securities of the Nifty PSU Bank Index in the same proportion/weightage with an aim to provide returns before expenses that track the total return of Nifty PSU Bank Index, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved
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 Nifty PSU Bank Index Fund launched?
What is the current NAV of Groww Nifty PSU Bank Index Fund?
What is the AUM of Groww Nifty PSU Bank Index Fund?
What is the rate of return of Groww Nifty PSU Bank Index Fund?
- In the past 1Y: 0.00%
- In the past 3Y: 0.00%
- In the past 5Y: 0.00%
What is the expense ratio of Groww Nifty PSU Bank Index Fund?
What is exit load of Groww Nifty PSU Bank Index Fund?
What is the portfolio of Groww Nifty PSU Bank Index Fund?
- State Bank of India: 31.45%
- Bank of Baroda: 14.23%
- Canara Bank: 12.60%
- Punjab National Bank: 10.45%
- Union Bank of India: 9.27%
Top 3 sectoral holdings include:
- Financial Services: 99.24%
- Others: 0.76%
How risky is investing in Groww Nifty PSU Bank Index Fund?
Who is the fund manager Groww Nifty PSU Bank Index Fund?
What is the minimum investment required in Groww Nifty PSU Bank Index Fund?
How to invest in Groww Nifty PSU Bank Index 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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