Groww Banking & Financial Services Fund Direct Growth

Groww Banking & Financial Services Fund Direct Growth

NAV as on 02-04-2025

₹ 10.68

-1.8%

1D

Inception Returns

5.6%

/yr

Historical NAV & Returns

Absolute

zero opening, trading, fund transfer fee
1195 people have invested ₹ 16.4L in Groww Banking & Financial Services Fund Direct Growth in the last three months

About Groww Banking & Financial Services Fund Direct Growth

Groww Banking & Financial Services Fund Direct Growth is an equity fund. This fund was started on 7 February, 2024. The fund is managed by Anupam Tiwari. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Groww Banking & Financial Services Fund Direct Growth has ₹45 Cr worth of assets under management (AUM) as on Feb 2025 and is less than category average.
  2. The fund has an expense ratio 0.4.

Returns

Groww Banking & Financial Services Fund Direct Growth has given a CAGR return of 5.59% since inception. Over the last 1 year the fund has given a CAGR return of 4.24%.

Holdings

Groww Banking & Financial Services Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech, Corporate, Health. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, State Bank of India, Bajaj Holdings and Investment Ltd, Axis Bank Ltd

Taxation

As it is a sector - financial services mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

Investment objective of Groww Banking & Financial Services Fund Direct Growth

The primary investment objective of the scheme is to generate consistent long-term returns by investing in equity and equity-related instruments of banking and financial services companies and other related sectors/companies. The fund aims to capitalize on the growth opportunities and growth potential of various sub-sectors within the BFSI sector, including (but not limited to) banks, NBFCs, insurance companies, asset management companies, capital market participants, fintech players etc. (This includes companies benefiting from or contributing to the growth of the banking and financial services sector).

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. Groww Banking & Financial Services Fund Direct Growth has no lock in period.

Groww Banking & Financial Services Fund Direct Growth Overview

Expense ratio0.36%
Benchmark
S&P BSE BANKEX INR
AUM₹45 Cr
Inception Date7 February, 2024
Min Lumpsum/SIP₹500/₹500
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
609.58%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (02-Apr-25)

Period
Groww Banking & Financial Services Fund Direct Growth
Nifty 500
sector - financial services
1M
7.4%
7%
5.9%
3M
-5.7%
-6.8%
-1.5%
6M
-7.4%
-12.4%
-5.7%
1Y
4.2%
3.4%
5.9%

Fund Distribution

as on (28-Feb-25)

  • Equity 93.9%

  • Debt & Cash 6.1%

Large cap
60.7%

Small cap
16.1%

Mid cap
9.9%

Sector Allocation

Feb'25

Jan'25

Dec'24

Financial Services
92.2%
Tech
6.9%
Health
1%
All changes are between Dec'24 and Feb'25
Dec'24
Fund Returns
-0.69%
Nifty 500
-2.02%
Parameters
Feb'25
Jan'25
Dec'24
AUM
₹ 44.5 Cr
₹ 46.4 Cr
₹ 47.7 Cr
  • AUM of the fund stands at 44.5 Cr as of Feb'25
  • AUM decreased by 1.9 Cr between Feb'25 and Jan'25
Top Stocks bought last month
HDFC Bank Ltd's allocation increased from 17.38% to 18.49%
HDFC Bank Ltd's allocation increased from 17.38% to 18.49%
India Shelter Finance Corporation Ltd's allocation increased from 1.91% to 2.19%
India Shelter Finance Corporation Ltd's allocation increased from 1.91% to 2.19%
Axis Bank Ltd's allocation increased from 3.04% to 3.26%
Axis Bank Ltd's allocation increased from 3.04% to 3.26%
Top Stocks sold last month
State Bank of India's allocation decreased from 6.04 % to 5.61 %
State Bank of India's allocation decreased from 6.04 % to 5.61 %
One97 Communications Ltd's allocation decreased from 2.51 % to 2.41 %
One97 Communications Ltd's allocation decreased from 2.51 % to 2.41 %
Bank of Baroda's allocation decreased from 2.44 % to 2.35 %
Bank of Baroda's allocation decreased from 2.44 % to 2.35 %
Large Cap allocation has gone down from 61.2% to 60.7%
Large Cap allocation has gone down from 61.2% to 60.7%
Small Cap allocation has gone down from 17.2% to 16.1%
Small Cap allocation has gone down from 17.2% to 16.1%
Mid Cap allocation has gone down from 13.1% to 9.9%
Mid Cap allocation has gone down from 13.1% to 9.9%
Cash allocation has gone up from 1.5% to 6.1%
Cash allocation has gone up from 1.5% to 6.1%

Top 3 Sectors in February were Financial Services, Corporate & Tech

Feb'25
Financial Services
92%
Tech
7%
Corporate
2%
Jan'25
Financial Services
92%
Corporate
17%
Tech
7%
  • Gainers

  • Losers

Fund
Feb'25
Jan'25
Dec'24
No of Holdings
31
32
30
Top 5 Company Concentration
50.7%
49.5%
52%
Company having highest exposure
ICICI Bank Ltd (18.7%)
ICICI Bank Ltd (18.6%)
ICICI Bank Ltd (18.2%)
No of Sectors
4
4
3
Top 5 Sectors Concentration
101.8%
116.5%
100%
Sector having highest exposure
Financial Services (92.2%)
Financial Services (91.7%)
Financial Services (93.4%)
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Anupam Tiwari
Anupam Tiwari
Fund Manager of Groww Banking & Financial Services Fund Direct Growth, since 7 February 2024
Fund House
Groww Asset Management Ltd.
Total Schemes
Total AUM
₹1.98K Cr
as on 28-Feb-2025
Address
Floor 12 A, Tower 2 A, One World Centre,,Jupiter Mills Compound Senapati Bapat Marg,Mumbai,Maharashtra
Phone
8050180222
Website
support@growwmf.in

Groww Banking & Financial Services Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 5.59% since inception which is less than its category average return of 12.65%
Fund Allocations

Fund Allocations

This fund has an allocation of 93.9% in Equity, 0% in Debt and 6.1% in Cash related instruments
AUM size ₹45 Cr

AUM size ₹45 Cr

This fund has AUM of ₹45 Cr which is less than its category average of ₹ 1792 Cr
Expense Ratio 0.36%

Expense Ratio 0.36%

This fund has an expense ratio of 0.36% which is less than its category average expense ratio of 1.28%

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5Y CAGR

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5Y CAGR

▲ 22.22

Groww Large Cap Fund Direct Plan Growth Option

Groww Large Cap Fund Direct Plan Growth Option

5Y CAGR

▲ 21.49

Groww Nifty Total Market Index Fund Direct Growth

Groww Nifty Total Market Index Fund Direct Growth

1Y CAGR

▲ 3.46

Groww Nifty Smallcap 250 Index Fund Direct Growth

Groww Nifty Smallcap 250 Index Fund Direct Growth

1Y CAGR

▲ 1.61

Frequently Asked Questions for Groww Banking & Financial Services Fund Direct Growth

The current NAV of Groww Banking & Financial Services Fund Direct Growth is ₹10.68 as on 02-Apr-2025.
Existing (Absolute + CAGR) as on 02-Apr-2025.
Groww Banking & Financial Services Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
7.41%
7.41%
6 Month Returns
-7.41%
-7.41%
1 Year Returns
4.24%
4.24%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.36% as on March 2025
₹45 Cr as on March 2025
ICICI Bank Ltd(18.69%), HDFC Bank Ltd(18.49%), State Bank of India(5.61%), Bajaj Holdings and Investment Ltd(4.6%), Axis Bank Ltd(3.26%) as on March 2025
Financial Services(86.53%), Tech(6.45%), Health(0.92%) as on March 2025
The alpha ratio for the Groww Banking & Financial Services Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Groww Banking & Financial Services Fund Direct Growth
-3.68
-
-
As on March 2025
The alpha for Groww Banking & Financial Services Fund Direct Growth is calculated against S&P BSE BANKEX INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Groww Banking & Financial Services Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Groww Banking & Financial Services Fund Direct Growth
1.06
-
-
As on March 2025
The Beta for Groww Banking & Financial Services Fund Direct Growth is calculated with S&P BSE BANKEX INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Groww Banking & Financial Services Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Groww Banking & Financial Services Fund Direct Growth
0.09
-
-
As on March 2025
The sharpe ratio for Groww Banking & Financial Services Fund Direct Growth is calculated with S&P BSE BANKEX INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Groww Banking & Financial Services Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Groww Banking & Financial Services Fund Direct Growth
15.84
-
-
As on March 2025
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Anupam Tiwari is the fund manager of Groww Banking & Financial Services Fund Direct Growth
The Exit load of Groww Banking & Financial Services Fund Direct Growth is 1%