Direct
NAV (25-Jul-24)
Returns (Since Inception)
Fund Overview
Fund Size
₹40 Cr
Expense Ratio
0.36%
ISIN
INF666M01HS1
Minimum SIP
₹500
Exit Load
1.00%
Inception Date
07 Feb 2024
About this fund
As of 25-Jul-24, it has a Net Asset Value (NAV) of ₹10.82, Assets Under Management (AUM) of 39.70 Crores, and an expense ratio of 0.36%.
- Groww Banking & Financial Services Fund Direct Growth has given a CAGR return of 8.69% since inception.
- The fund's asset allocation comprises around 97.11% in equities, 0.00% in debts, and 2.89% 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
+8.69%
— (Cat Avg.)
Portfolio Summaryas of 30th June 2024
| Equity | ₹38.55 Cr | 97.11% |
| Others | ₹1.15 Cr | 2.89% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| HDFC Bank Ltd | Equity | ₹9.8 Cr | 24.68% |
| ICICI Bank Ltd | Equity | ₹8.29 Cr | 20.88% |
| Axis Bank Ltd | Equity | ₹2.72 Cr | 6.86% |
| Kotak Mahindra Bank Ltd | Equity | ₹2.72 Cr | 6.84% |
| State Bank of India | Equity | ₹1.55 Cr | 3.89% |
| IndusInd Bank Ltd | Equity | ₹1.48 Cr | 3.74% |
| MAS Financial Services Ltd Ordinary Shares | Equity | ₹1.29 Cr | 3.25% |
| ICICI Prudential Life Insurance Company Limited | Equity | ₹1.19 Cr | 3.00% |
| SBI Life Insurance Company Limited | Equity | ₹1.16 Cr | 2.93% |
| Net Receivable/Payable | Cash | ₹1.15 Cr | 2.89% |
| Five-Star Business Finance Ltd | Equity | ₹1.13 Cr | 2.85% |
| Bajaj Finance Ltd | Equity | ₹1.11 Cr | 2.80% |
| Max Financial Services Ltd | Equity | ₹0.97 Cr | 2.44% |
| CreditAccess Grameen Ltd Ordinary Shares | Equity | ₹0.83 Cr | 2.10% |
| Angel One Ltd Ordinary Shares | Equity | ₹0.82 Cr | 2.06% |
| CSB Bank Ltd Ordinary Shares | Equity | ₹0.8 Cr | 2.01% |
| ICICI Lombard General Insurance Co Ltd | Equity | ₹0.73 Cr | 1.83% |
| Can Fin Homes Ltd | Equity | ₹0.71 Cr | 1.79% |
| Prudent Corporate Advisory Services Ltd | Equity | ₹0.45 Cr | 1.13% |
| India Shelter Finance Corporation Ltd | Equity | ₹0.44 Cr | 1.12% |
| BSE Ltd | Equity | ₹0.36 Cr | 0.91% |
Allocation By Market Cap (Equity)
Large Cap Stocks
77.45%
Mid Cap Stocks
4.54%
Small Cap Stocks
15.11%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹38.55 Cr | 97.11% |
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
Since February 2024
Additional Scheme Detailsas of 30th June 2024
ISIN | INF666M01HS1 | Expense Ratio | 0.36% | Exit Load | 1.00% | Fund Size | ₹40 Cr | Age | 07 Feb 2024 | Lumpsum Minimum | ₹500 | Fund Status | Open Ended Investment Company | Benchmark | Nifty Financial Services TRI |
Investment 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 name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Tata Nifty Private Bank ETF Very High Risk | 0.1% | - | ₹9.45 Cr | 8.9% |
| Aditya Birla Sun Life Nifty Financial Services ETF Very High Risk | - | - | - | - |
| Nippon India ETF Nifty PSU Bank BeES Very High Risk | 0.5% | - | ₹2759.48 Cr | 59.2% |
| Kotak Nifty PSU Bank ETF Very High Risk | 0.5% | - | ₹1477.69 Cr | 59.3% |
| HDFC Nifty Bank ETF Very High Risk | 0.2% | - | ₹2535.06 Cr | 11.8% |
| ICICI Prudential Nifty Private Banks ETF Very High Risk | 0.1% | - | ₹1911.12 Cr | 14.1% |
| Axis NIFTY Bank ETF Very High Risk | 0.2% | - | ₹274.29 Cr | 11.7% |
| ICICI Prudential Banking and Financial Services Regular Growth Very High Risk | 1.9% | 1.0% | ₹7671.24 Cr | 18.8% |
| UTI Banking and Financial Services Fund Regular Growth Very High Risk | 2.2% | 1.0% | ₹1140.83 Cr | 19.3% |
| Nippon India Banking & Financial Services Fund Regular Growth Very High Risk | 1.9% | 1.0% | ₹5932.60 Cr | 22.7% |
Risk Level
Your principal amount will be at Very High Risk
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What is the current NAV of Groww Banking & Financial Services Fund Direct Growth?
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- Anupam Tiwari
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
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