Dezerv

Fund Overview

Fund Size

Fund Size

₹37 Cr

Expense Ratio

Expense Ratio

0.36%

ISIN

ISIN

INF666M01HS1

Minimum SIP

Minimum SIP

₹500

Exit Load

Exit Load

1.00%

Inception Date

Inception Date

07 Feb 2024

About this fund

This fund has been in existence for 4 months and 11 days, having been launched on 07-Feb-24.
As of 14-Jun-24, it has a Net Asset Value (NAV) of ₹10.59, Assets Under Management (AUM) of 36.62 Crores, and an expense ratio of 0.36%.
  • Groww Banking & Financial Services Fund Direct Growth has given a CAGR return of 6.37% since inception.
  • The fund's asset allocation comprises around 94.58% in equities, 0.00% in debts, and 5.42% in cash & cash equivalents.
  • You can start investing in Groww Banking & Financial Services Fund Direct Growth with a SIP of ₹500 or a Lumpsum investment of ₹500.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

Since Inception

+6.37%

(Cat Avg.)

Portfolio Summaryas of 30th April 2024

Equity34.63 Cr94.58%
Others1.99 Cr5.42%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
HDFC Bank LtdEquity8.01 Cr21.87%
ICICI Bank LtdEquity6.97 Cr19.04%
State Bank of IndiaEquity3.17 Cr8.65%
Axis Bank LtdEquity2.63 Cr7.19%
Kotak Mahindra Bank LtdEquity2.16 Cr5.90%
Bajaj Finance LtdEquity1.61 Cr4.40%
SBI Life Insurance Company LimitedEquity1.44 Cr3.93%
MAS Financial Services Ltd Ordinary SharesEquity0.94 Cr2.56%
IndusInd Bank LtdEquity0.93 Cr2.55%
Five-Star Business Finance LtdEquity0.78 Cr2.14%
REC LtdEquity0.78 Cr2.12%
CSB Bank Ltd Ordinary SharesEquity0.7 Cr1.90%
CreditAccess Grameen Ltd Ordinary SharesEquity0.68 Cr1.85%
ICICI Lombard General Insurance Co LtdEquity0.64 Cr1.75%
Max Financial Services LtdEquity0.63 Cr1.72%
Can Fin Homes LtdEquity0.57 Cr1.55%
Ujjivan Small Finance Bank Ltd Ordinary SharesEquity0.51 Cr1.39%
Fusion Micro Finance LtdEquity0.39 Cr1.07%
Prudent Corporate Advisory Services LtdEquity0.39 Cr1.06%
BSE LtdEquity0.38 Cr1.03%
HDFC Asset Management Co LtdEquity0.36 Cr0.99%
India Shelter Finance Corporation LtdEquity0.35 Cr0.96%
CcilCash - Repurchase Agreement0.34 Cr0.93%
Indostar Capital Finance Ltd Ordinary SharesEquity0.33 Cr0.90%
Net Receivable/PayableCash0.33 Cr0.89%
ICICI Prudential Life Insurance Company LimitedEquity0.31 Cr0.84%
Angel One Ltd Ordinary SharesEquity0.3 Cr0.83%

Allocation By Market Cap (Equity)

Large Cap Stocks

78.24%

Mid Cap Stocks

4.55%

Small Cap Stocks

15.38%

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services35.95 Cr98.18%

Risk & Performance Ratios

Standard Deviation

This fund

--

Cat. avg.

16.57%

Lower the better

Sharpe Ratio

This fund

--

Cat. avg.

0.55

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

0.98

Higher the better

Fund Managers

Anupam Tiwari

Anupam Tiwari

Since February 2024

Additional Scheme Detailsas of 30th April 2024

ISININF666M01HS1Expense Ratio0.36%Exit Load1.00%Fund Size₹37 CrAge07 Feb 2024Lumpsum Minimum₹500Fund StatusOpen Ended Investment CompanyBenchmarkNifty Financial Services TRI

Investment ObjectiveInvestment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Withdrawal within 1 year

Flat 15% tax on realised gains (STCG - short term capital gains)

Withdrawal after 1 year

10% tax on realised gains above Rs. 1 lakh per financial year (LTCG - long term capital gains)

Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Sector - Financial Services Funds

Fund nameExpense RatioExit LoadFund size
1Y
Tata Nifty Private Bank ETF

Very High Risk

0.1%-₹8.96 Cr10.7%
Aditya Birla Sun Life Nifty Financial Services ETF

Very High Risk

----
Nippon India ETF Nifty PSU Bank BeES

Very High Risk

0.5%-₹2734.96 Cr83.9%
Kotak Nifty PSU Bank ETF

Very High Risk

0.5%-₹1580.70 Cr84.0%
HDFC Nifty Bank ETF

Very High Risk

0.2%-₹2364.43 Cr14.3%
ICICI Prudential Nifty Private Banks ETF

Very High Risk

0.1%-₹1911.12 Cr14.1%
Axis NIFTY Bank ETF

Very High Risk

0.2%-₹234.09 Cr14.3%
ICICI Prudential Banking and Financial Services Regular Growth

Very High Risk

1.8%1.0%₹7107.43 Cr20.1%
UTI Banking and Financial Services Fund Regular Growth

Very High Risk

2.2%1.0%₹1056.18 Cr25.2%
Nippon India Banking & Financial Services Fund Regular Growth

Very High Risk

1.9%1.0%₹5462.71 Cr26.0%

Risk Level

Your principal amount will be at Very High Risk

Very High Risk
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The NAV of Groww Banking & Financial Services Fund Direct Growth, as of 14-Jun-2024, is ₹10.59.
The fund's allocation of assets is distributed as 94.58% in equities, 0.00% in bonds, and 5.42% in cash and cash equivalents.
The fund managers responsible for Groww Banking & Financial Services Fund Direct Growth are:-
  1. Anupam Tiwari