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Fund Overview

Fund Size

Fund Size

₹46 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 10 months, having been launched on 07-Feb-24.
As of 06-Dec-24, it has a Net Asset Value (NAV) of ₹11.65, Assets Under Management (AUM) of 45.87 Crores, and an expense ratio of 0.36%.
  • Groww Banking & Financial Services Fund Direct Growth has given a CAGR return of 16.99% since inception.
  • The fund's asset allocation comprises around 96.83% in equities, 0.00% in debts, and 3.17% 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

+16.99%

(Cat Avg.)

Portfolio Summaryas of 31st October 2024

Equity44.41 Cr96.83%
Others1.46 Cr3.17%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
ICICI Bank LtdEquity8.93 Cr19.46%
HDFC Bank LtdEquity7.74 Cr16.87%
Axis Bank LtdEquity3.28 Cr7.15%
State Bank of IndiaEquity2.98 Cr6.49%
Bajaj Finance LtdEquity1.82 Cr3.96%
Multi Commodity Exchange of India LtdEquity1.6 Cr3.50%
Angel One Ltd Ordinary SharesEquity1.39 Cr3.03%
CcilCash - Repurchase Agreement1.38 Cr3.01%
Power Finance Corp LtdEquity1.3 Cr2.84%
Max Financial Services LtdEquity1.28 Cr2.79%
ICICI Prudential Life Insurance Co LtdEquity1.28 Cr2.78%
Computer Age Management Services Ltd Ordinary SharesEquity1.23 Cr2.69%
Five-Star Business Finance LtdEquity1.02 Cr2.21%
Prudent Corporate Advisory Services LtdEquity0.97 Cr2.11%
PB Fintech LtdEquity0.95 Cr2.08%
HDFC Life Insurance Co LtdEquity0.81 Cr1.77%
KFin Technologies LtdEquity0.81 Cr1.76%
Life Insurance Corporation of IndiaEquity0.8 Cr1.74%
PNB Housing Finance LtdEquity0.8 Cr1.74%
ICICI Lombard General Insurance Co LtdEquity0.78 Cr1.69%
Shriram Finance LtdEquity0.74 Cr1.62%
India Shelter Finance Corporation LtdEquity0.67 Cr1.45%
Cholamandalam Investment and Finance Co LtdEquity0.64 Cr1.39%
Indian Energy Exchange LtdEquity0.61 Cr1.34%
Muthoot Finance LtdEquity0.61 Cr1.32%
The Federal Bank LtdEquity0.48 Cr1.04%
BSE LtdEquity0.48 Cr1.04%
Medi Assist Healthcare Services LtdEquity0.44 Cr0.96%
Net Receivable/PayableCash0.08 Cr0.17%

Allocation By Market Cap (Equity)

Large Cap Stocks

63.30%

Mid Cap Stocks

12.74%

Small Cap Stocks

20.79%

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services41.93 Cr91.42%
Technology2.04 Cr4.45%
Healthcare0.44 Cr0.96%

Risk & Performance Ratios

Standard Deviation

This fund

--

Cat. avg.

15.64%

Lower the better

Sharpe Ratio

This fund

--

Cat. avg.

0.67

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

1.27

Higher the better

Fund Managers

Anupam Tiwari

Anupam Tiwari

Since February 2024

Additional Scheme Detailsas of 31st October 2024

ISIN
INF666M01HS1
Expense Ratio
0.36%
Exit Load
1.00%
Fund Size
₹46 Cr
Age
10 months
Lumpsum Minimum
₹500
Fund Status
Open Ended Investment Company
Benchmark
Nifty 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

iconCapital Gains Taxation:

iconDividend Taxation:

info icon

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only 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%-₹10.92 Cr7.5%
Aditya Birla Sun Life Nifty Financial Services ETF

Very High Risk

----
Nippon India ETF Nifty PSU Bank BeES

Very High Risk

0.5%-₹2724.85 Cr31.8%
Kotak Nifty PSU Bank ETF

Very High Risk

0.5%-₹1396.39 Cr31.8%
HDFC Nifty Bank ETF

Very High Risk

0.2%-₹2818.24 Cr15.0%
ICICI Prudential Nifty Private Banks ETF

Very High Risk

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

Very High Risk

0.2%-₹239.75 Cr15.0%
ICICI Prudential Banking and Financial Services Regular Growth

Very High Risk

1.8%1.0%₹8850.47 Cr18.2%
UTI Banking and Financial Services Fund Regular Growth

Very High Risk

2.2%1.0%₹1170.31 Cr20.3%
Nippon India Banking & Financial Services Fund Regular Growth

Very High Risk

1.9%1.0%₹6307.03 Cr17.9%

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 06-Dec-2024, is ₹11.65.
The fund's allocation of assets is distributed as 96.83% in equities, 0.00% in bonds, and 3.17% in cash and cash equivalents.
The fund managers responsible for Groww Banking & Financial Services Fund Direct Growth are:-
  1. Anupam Tiwari