Groww Banking & Financial Services Fund Direct Growth

Fund Overview

Fund Size

₹69 Cr

Expense Ratio

0.41%

ISIN

INF666M01HS1

Minimum SIP

₹500

Exit Load

1.00%

Inception Date

07 Feb 2024

About this fund

Groww Banking & Financial Services Fund Direct Growth is a Sector - Financial Services mutual fund schemes offered by Groww Mutual Fund. This fund has been in existence for 2 years, 3 months and 11 days, having been launched on 07-Feb-24.
As of 15-May-26, it has a Net Asset Value (NAV) of ₹12.55, Assets Under Management (AUM) of 68.56 Crores, and an expense ratio of 0.41%.

Groww Banking & Financial Services Fund Direct Growth has given a CAGR return of 10.75% since inception.
The fund's asset allocation comprises around 97.08% in equities, 0.00% in debts, and 2.92% 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.

1 Year

+8.94%

+2.95% (Cat Avg.)

Since Inception

+10.75%

— (Cat Avg.)

Portfolio Summaryas of 30th April 2026

Equity	₹66.56 Cr	97.08%
Others	₹2 Cr	2.92%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
ICICI Bank Ltd	Equity	₹5.14 Cr	7.50%
State Bank of India	Equity	₹3.95 Cr	5.76%
BSE Ltd	Equity	₹3.64 Cr	5.31%
Multi Commodity Exchange of India Ltd	Equity	₹3.42 Cr	4.99%
Axis Bank Ltd	Equity	₹2.85 Cr	4.16%
Bajaj Finance Ltd	Equity	₹2.83 Cr	4.13%
Ujjivan Small Finance Bank Ltd Ordinary Shares	Equity	₹2.57 Cr	3.75%
SBFC Finance Ltd	Equity	₹2.44 Cr	3.55%
L&T Finance Ltd	Equity	₹2.17 Cr	3.17%
Aditya Birla Capital Ltd	Equity	₹2.17 Cr	3.16%
India Shelter Finance Corporation Ltd	Equity	₹2.16 Cr	3.15%
Home First Finance Co India Ltd ---	Equity	₹2.03 Cr	2.96%
Prudent Corporate Advisory Services Ltd	Equity	₹2.03 Cr	2.95%
Kotak Mahindra Bank Ltd	Equity	₹2.01 Cr	2.93%
Net Receivable/Payable	Cash	₹2 Cr	2.92%
The Federal Bank Ltd	Equity	₹1.89 Cr	2.76%
Shriram Finance Ltd	Equity	₹1.85 Cr	2.71%
PB Fintech Ltd	Equity	₹1.71 Cr	2.49%
Union Bank of India	Equity	₹1.71 Cr	2.49%
Max Financial Services Ltd	Equity	₹1.62 Cr	2.36%
Nippon Life India Asset Management Ltd Ordinary Shares	Equity	₹1.56 Cr	2.28%
Angel One Ltd Ordinary Shares	Equity	₹1.52 Cr	2.22%
Fedbank Financial Services Ltd	Equity	₹1.51 Cr	2.21%
SBI Life Insurance Co Ltd	Equity	₹1.46 Cr	2.12%
Karur Vysya Bank Ltd	Equity	₹1.44 Cr	2.10%
Bank of Baroda	Equity	₹1.4 Cr	2.04%
City Union Bank Ltd	Equity	₹1.29 Cr	1.87%
CreditAccess Grameen Ltd Ordinary Shares	Equity	₹1.27 Cr	1.85%
Five-Star Business Finance Ltd	Equity	₹1.24 Cr	1.80%
Northern Arc Capital Ltd	Equity	₹1.18 Cr	1.72%
Muthoot Microfin Ltd	Equity	₹1.11 Cr	1.62%
Arman Financial Services Ltd	Equity	₹1.05 Cr	1.53%
TBO Tek Ltd	Equity	₹1.03 Cr	1.51%
Jammu & Kashmir Bank Ltd	Equity	₹0.68 Cr	0.99%
Star Health and Allied Insurance Co Ltd	Equity	₹0.64 Cr	0.93%

Allocation By Market Cap (Equity)

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹65.53 Cr	95.58%
Consumer Cyclical	₹1.03 Cr	1.51%

Risk & Performance Ratios

Fund Managers

Anupam Tiwari

Since February 2024

Saptarshee Chatterjee

Since February 2025

Gagan Thareja

Since January 2026

Additional Scheme Detailsas of 30th April 2026

ISIN

INF666M01HS1

Expense Ratio

0.41%

Exit Load

1.00%

Fund Size

₹69 Cr

Age

2 years 3 months

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

Capital Gains Taxation:

Dividend Taxation:

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 name	Expense Ratio	Exit Load	Fund size	1Y
Kotak Nifty Bank ETF Very High Risk	0.1%	-	₹4736.72 Cr	-2.2%
Canara Robeco Banking and Financial Services Fund Regular Growth Very High Risk	2.1%	1.0%	-	-
Canara Robeco Banking and Financial Services Fund Direct Growth Very High Risk	0.7%	1.0%	-	-
Aditya Birla Sun Life BSE Top 10 Banks ETF Very High Risk	0.1%	-	₹184.70 Cr	-
Motilal Oswal Financial Services Fund Regular Growth Very High Risk	2.4%	1.0%	₹181.21 Cr	-
Motilal Oswal Financial Services Fund Direct Growth Very High Risk	1.0%	1.0%	₹181.21 Cr	-
Edelweiss Financial Services Fund Direct Growth Very High Risk	0.9%	1.0%	₹246.32 Cr	-
Edelweiss Financial Services Fund Regular Growth Very High Risk	2.4%	1.0%	₹246.32 Cr	-
Bank of India Banking and Financial Services Fund Direct Growth Very High Risk	1.1%	1.0%	₹274.82 Cr	-
Bank of India Banking and Financial Services Fund Regular Growth Very High Risk	2.3%	1.0%	₹274.82 Cr	-
Bajaj Finserv Banking and Financial Services Fund Direct Growth Very High Risk	0.7%	1.0%	₹414.71 Cr	-
Bajaj Finserv Banking and Financial Services Fund Regular Growth Very High Risk	2.1%	1.0%	₹414.71 Cr	-
Mahindra Manulife Banking & Financial Services Fund Regular Growth Very High Risk	2.1%	0.0%	₹427.20 Cr	-
Mahindra Manulife Banking & Financial Services Fund Direct Growth Very High Risk	0.6%	0.0%	₹427.20 Cr	-
HSBC Financial Services Fund Regular Growth Very High Risk	2.7%	1.0%	₹866.16 Cr	7.8%
HSBC Financial Services Fund Direct Growth Very High Risk	1.3%	1.0%	₹866.16 Cr	9.4%
HDFC Nifty Bank ETF Very High Risk	0.2%	-	₹2607.76 Cr	-2.2%
Mirae Asset Nifty PSU Bank ETF Very High Risk	0.2%	-	₹55.89 Cr	22.5%
Edelweiss Nifty Bank ETF Very High Risk	0.5%	-	₹11.64 Cr	-2.3%
Helios Financial Services Fund Direct Growth Very High Risk	0.9%	1.0%	₹190.72 Cr	1.9%
Helios Financial Services Fund Regular Growth Very High Risk	2.4%	1.0%	₹190.72 Cr	0.3%
Baroda BNP Paribas NIFTY Bank ETF Very High Risk	0.3%	-	₹3.79 Cr	-2.2%
ICICI Prudential Nifty Private Banks ETF Very High Risk	0.1%	-	₹2852.24 Cr	-5.2%
HDFC Nifty Private Bank ETF Very High Risk	0.1%	-	₹359.44 Cr	-5.2%
Groww Banking & Financial Services Fund Regular Growth Very High Risk	2.4%	1.0%	₹68.56 Cr	6.9%
Groww Banking & Financial Services Fund Direct Growth Very High Risk	0.4%	1.0%	₹68.56 Cr	8.9%
WhiteOak Capital Banking & Financial Services Fund Regular Growth Very High Risk	2.4%	0.0%	₹591.58 Cr	1.2%
WhiteOak Capital Banking & Financial Services Fund Direct Growth Very High Risk	0.7%	0.0%	₹591.58 Cr	2.9%
HDFC Nifty PSU Bank ETF Very High Risk	0.3%	-	₹34.69 Cr	22.3%
Bajaj Finserv Nifty Bank ETF Very High Risk	0.1%	-	₹387.84 Cr	-2.2%
DSP Banking & Financial Services Fund Regular Growth Very High Risk	2.1%	0.0%	₹1828.32 Cr	7.5%
DSP Banking & Financial Services Fund Direct Growth Very High Risk	0.6%	0.0%	₹1828.32 Cr	9.1%
Mirae Asset Nifty Financial Services ETF Very High Risk	0.1%	-	₹431.79 Cr	-3.4%
Kotak Nifty Bank ETF Very High Risk	0.1%	-	₹6341.50 Cr	26.6%
Nippon India Banking & Financial Services Fund Direct Growth Very High Risk	1.0%	1.0%	₹7469.77 Cr	1.2%
Invesco India Financial Services Fund Direct Growth Very High Risk	0.5%	1.0%	₹1673.13 Cr	7.9%
UTI Nifty Bank ETF Very High Risk	0.2%	-	₹3387.04 Cr	-2.2%
HDFC Nifty Private Bank ETF Very High Risk	0.1%	-	₹352.74 Cr	-88.9%
ICICI Prudential Nifty Bank ETF Very High Risk	0.1%	-	₹2861.05 Cr	-2.2%
SBI Nifty Private Bank ETF Very High Risk	0.1%	-	₹400.46 Cr	-5.2%
Bandhan Financial Services Fund Regular Growth Very High Risk	1.9%	0.0%	₹1059.88 Cr	-2.1%
Bandhan Financial Services Fund Direct Growth Very High Risk	0.5%	0.0%	₹1059.88 Cr	-0.6%
Mirae Asset Nifty Bank ETF Very High Risk	0.1%	-	₹297.08 Cr	-2.2%
SBI Nifty Bank ETF Very High Risk	0.2%	-	₹3658.91 Cr	-2.3%
Quant BFSI Fund Regular Growth Very High Risk	2.5%	1.0%	₹753.02 Cr	17.7%
Baroda BNP Paribas Banking and Financial Services Fund Regular Growth Very High Risk	2.1%	1.0%	₹389.40 Cr	-0.9%
Quant BFSI Fund Direct Growth Very High Risk	0.9%	1.0%	₹753.02 Cr	19.6%
ICICI Prudential Nifty Financial Services Ex-Bank ETF Very High Risk	0.2%	-	₹273.01 Cr	10.1%
HDFC Banking & Financial Services Fund Direct Growth Very High Risk	0.8%	1.0%	₹4369.89 Cr	3.0%
HDFC Banking & Financial Services Fund Regular Growth Very High Risk	1.9%	1.0%	₹4369.89 Cr	1.9%

About the AMC

Groww Mutual Fund

80501 80222

https://www.growwmf.in/

Total AUM

₹4,493 Cr

Address

Jupiter Mills Compound Senapati Bapat Marg, Mumbai, 400013

Other Funds by Groww Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Groww Nifty Private Bank Index Fund Direct Growth Very High Risk	-	0.0%	-	-
Groww Arbitrage Fund Direct Growth Low Risk	-	0.0%	-	-
Groww Nifty PSU Bank Index Fund Direct Growth Very High Risk	0.4%	0.0%	₹6.87 Cr	-
Groww BSE Hospitals ETF FOF Direct Growth Very High Risk	0.1%	0.0%	₹16.43 Cr	-
Groww Nifty PSE ETF FOF Direct Growth Very High Risk	0.3%	0.0%	₹12.08 Cr	-
Groww Small Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹296.07 Cr	-
Groww Multi Asset Omni FOF Direct Growth Very High Risk	0.0%	0.0%	₹76.14 Cr	-
Groww Money Market Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹35.56 Cr	-
Groww Nifty Midcap 150 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹13.82 Cr	-
Groww Nifty Capital Markets ETF FOF Direct Growth Very High Risk	0.1%	0.0%	₹14.02 Cr	-
Groww Multi Asset Allocation Fund Direct Growth Very High Risk	0.5%	1.0%	₹404.00 Cr	-
Groww Nifty Next 50 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹8.70 Cr	-
Groww BSE Power ETF FOF Direct Growth Very High Risk	0.1%	0.0%	₹24.78 Cr	-
Groww Nifty 50 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹22.44 Cr	-
Groww Nifty India Internet ETF FOF Direct Growth Very High Risk	0.2%	0.0%	₹12.16 Cr	-
Groww Silver ETF FOF Direct Growth Very High Risk	0.2%	1.0%	₹86.50 Cr	-
Groww Gilt Fund Direct Growth Moderate Risk	0.6%	0.0%	₹34.79 Cr	-2.2%
Groww Nifty 500 Momentum 50 ETF FoF Direct Growth Very High Risk	0.2%	1.0%	₹9.12 Cr	-0.2%
Groww Nifty 200 ETF FoF Direct Growth Very High Risk	0.1%	1.0%	₹6.67 Cr	-0.0%
Groww Nifty India Railways PSU Index Fund Direct Growth Very High Risk	0.5%	1.0%	₹55.18 Cr	-12.7%
Groww Multicap Fund Direct Growth Very High Risk	0.5%	1.0%	₹489.24 Cr	15.4%
Groww Gold ETF FOF Direct Growth High Risk	0.1%	1.0%	₹114.41 Cr	65.0%
Groww Nifty India Defence ETF FoF Direct Growth Very High Risk	0.2%	1.0%	₹125.58 Cr	14.5%
Groww Nifty EV & New Age Automotive ETF FoF Direct Growth Very High Risk	0.2%	1.0%	₹159.28 Cr	2.5%
Groww Nifty Non-Cyclical Consumer Index Fund Direct Growth Very High Risk	0.5%	1.0%	₹41.99 Cr	-7.5%
Groww Nifty Smallcap 250 Index Fund Direct Growth Very High Risk	0.5%	0.0%	₹125.60 Cr	3.7%
Groww Banking & Financial Services Fund Direct Growth Very High Risk	0.4%	1.0%	₹68.56 Cr	8.9%
Groww Nifty Total Market Index Fund Direct Growth Very High Risk	0.5%	0.0%	₹350.23 Cr	-0.5%
Groww FMP Series VI (Plan 2) 1135 Days Direct Growth Moderate Risk	-	-	-	-
Groww Short Duration Fund Direct Growth Moderate Risk	0.3%	0.0%	₹95.69 Cr	4.9%
Groww Large Cap Fund Direct Growth Very High Risk	1.3%	1.0%	₹127.64 Cr	0.4%
Groww Liquid Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹277.54 Cr	6.3%
Groww Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹2.49 Cr	5.8%
Groww ELSS Tax Saver Fund Direct Growth Very High Risk	0.9%	0.0%	₹49.77 Cr	-2.6%
Groww Dynamic Bond Fund Direct Growth Moderate Risk	0.5%	0.0%	₹37.71 Cr	0.3%
Groww Aggressive Hybrid Fund Direct Growth Very High Risk	1.5%	1.0%	₹50.12 Cr	-0.6%
Groww Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹82.72 Cr	5.3%
Groww Value Fund Direct Growth Very High Risk	1.1%	1.0%	₹66.85 Cr	0.4%
Groww Multi Cap Fund Direct Growth Moderately High risk	0.5%	0.0%	-	-

Risk Level

Your principal amount will be at Very High Risk

Take control of your wealth

Track and Analyse all your investments with Dezerv

Rated ★ 4.3+ on

Still got questions?
We're here to help.

What is the current NAV of Groww Banking & Financial Services Fund Direct Growth?

The NAV of Groww Banking & Financial Services Fund Direct Growth, as of 15-May-2026, is ₹12.55.

What is the portfolio composition of Groww Banking & Financial Services Fund Direct Growth?

The fund's allocation of assets is distributed as 97.08% in equities, 0.00% in bonds, and 2.92% in cash and cash equivalents.

Who manages the Groww Banking & Financial Services Fund Direct Growth?

The fund managers responsible for Groww Banking & Financial Services Fund Direct Growth are:-

Anupam Tiwari
Saptarshee Chatterjee
Gagan Thareja

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

;

©2021-2026 Dezerv. All Rights Reserved

Dezerv Investments Pvt. Ltd. is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.

Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.

Groww Banking & Financial Services Fund Direct Growth

Fund Overview