Groww Banking & Financial Services Fund Direct Growth
NAV as on 23-04-2025
₹ 11.36
1D
Inception Returns
11.5%
/yr
Historical NAV & Returns
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
- Groww Banking & Financial Services Fund Direct Growth has ₹49 Cr worth of assets under management (AUM) as on Mar 2025 and is less than category average.
- The fund has an expense ratio 0.4.
Returns
Groww Banking & Financial Services Fund Direct Growth has given a CAGR return of 11.53% since inception. Over the last 1 year the fund has given a CAGR return of 10.70%.
Holdings
Groww Banking & Financial Services Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech, Government, 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 benefitDividends 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 ratio | 0.36% |
Benchmark | Nifty Financial Services TRI |
| AUM | ₹49 Cr |
| Inception Date | 7 February, 2024 |
| Min Lumpsum/SIP | ₹500/₹500 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 609.58% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (23-Apr-25)
Fund Distribution
as on (31-Mar-25)
- This fund’s returns stands at 9.32% whereas the fund’s underlying benchmark Nifty 500 returns stands at 7.25% as on Mar'25
- This fund outperformed Nifty 500 by 2.07% in Mar'25
- AUM of the fund stands at 49.3 Cr as of Mar'25
- AUM increased by 4.8 Cr between Mar'25 and Feb'25
Top 3 Sectors in March were Financial Services, Tech & Corporate
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 20.91% | 10.6% | |
 HDFC Bank Ltd | 17.63% | 0% | |
 State Bank of India | 5.68% | 0% | |
 Bajaj Holdings and Investment Ltd | 4.48% | 0% | |
 Axis Bank Ltd | 3.71% | 15.8% |
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
Groww Banking & Financial Services Fund Direct Growth | 10.7% | - | - | 11.53% |
 Tata Banking & Financial Services Fund Direct Growth | 22.05% | 22.42% | 24.66% | 18.63% |
 SBI Banking & Financial Services Direct Growth | 21.7% | 20.86% | 25.43% | 16.05% |
 Mirae Asset Banking and Financial Services Fund Direct Growth | 19.67% | 20.76% | - | 19.05% |
Top Growth Drivers | 1M Return |
|---|---|
 HDFC Bank Ltd | 9% |
 ICICI Bank Ltd | 4.3% |
Groww Banking & Financial Services Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹49 Cr
Expense Ratio 0.36%
More funds from Groww
5Y CAGR
▲ 24.34
5Y CAGR
▲ 20.46
5Y CAGR
▲ 20.77
1Y CAGR
▲ 8.21
1Y CAGR
▲ 2.68
Frequently Asked Questions for Groww Banking & Financial Services Fund Direct Growth
Groww Banking & Financial Services Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 6.45% | 6.45% |
6 Month Returns | 1.37% | 1.37% |
1 Year Returns | 10.7% | 10.7% |
3 Years Returns | 0% | 0% |
- 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.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Groww Banking & Financial Services Fund Direct Growth | -3.68 | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Groww Banking & Financial Services Fund Direct Growth | 1.06 | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Groww Banking & Financial Services Fund Direct Growth | 0.09 | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Groww Banking & Financial Services Fund Direct Growth | 15.84 | - | - |