Groww Banking & Financial Services Fund Direct Growth
3Y Annualised
N/A
0.59% 1D
Fund Performance
Fund Multiplier
Fund Info
Peer Comparison
Fund Managers
AMC Details
Performance
1M Returns
1.12%
0.59% 1D
Benchmark
N/A
Fund Multiplier
Time it would have taken to make your money double (2x), quadruple (4x) and quintuple (5x)
9 years 10 months
5 years 9 months
9 years 7 months
Fund info
Fund size
₹56.14 Cr
Min. SIP amount
₹100
Min. Lumpsum amount
₹500
Exit load
0%
For redemption / switch-out of units on orbefore 30 days from the date of allotment:1.00% of applicable NAVFor redemption / switch-out of units after 30days from the date of allotment: Nil
Risk Profile
Very High Risk
This Fund's Performance Compared With Peers
Over the Period of oneMonth
1st
ICICI Prudential Nifty Bank ETF
2nd
HDFC Nifty Bank ETF - Growth
3rd
ICICI Prudential Nifty Financial Services Ex-Bank ETF
4th
DSP Banking & Financial Services Fund Direct Reinvestment Inc Dist cum Cap Wdrl
5th
DSP Banking & Financial Services Fund Direct Payout Inc Dist cum Cap Wdrl
57th
Groww Banking & Financial Services Fund Direct Growth
Fund Managers
About Groww Banking & Financial Services Fund Direct Growth
Groww Banking & Financial Services Fund Direct Growth is a Equity mutual fund scheme from Groww Asset Management Ltd.. This fund has been in existence for 1 years, having been launched on 2024-02-07. Groww Banking & Financial Services Fund Direct Growth has ₹56.14 Cr worth of assets under management (AUM) as of Sun Sep 14 2025. The latest Net Asset Value (NAV) of Groww Banking & Financial Services Fund Direct Growth as of Fri Sep 12 2025 is ₹11.9556. The fund has an expense ratio of 0.36%, which is medium comparable to most other Equity funds.
Groww Banking & Financial Services Fund Direct Growth returns for the last 1 year are 7.33%. Since launch, it has delivered 12.14% average annual returns.
The Groww Banking & Financial Services Fund Direct Growth has the majority of its money invested in Financial Services, null sectors.
Top 5 Holdings of Groww Banking & Financial Services Fund Direct Growth.
- HDFC Bank Ltd: 16.10%
- ICICI Bank Ltd: 16.03%
- Bajaj Finance Ltd: 5.46%
- Future on HDFC Bank Ltd: 4.71%
- Kotak Mahindra Bank Ltd: 4.14%
AMC Information
| Name | Groww Asset Management Ltd. |
|---|---|
| Founding Date | 2024-02-07 |
| support@growwmf.in | |
| Phone | 80501 80222 |
| Website | www.growwmf.in |
| Address | Floor 12 A, Tower 2 A, One World Centre,,Jupiter Mills Compound Senapati Bapat Marg,Mumbai,Maharashtra |
Tax Implications of Groww Banking & Financial Services Fund Direct Growth
| Short Term Gains | 20% + applicable Surcharge + 4% Cess |
|---|---|
| Long Term Gains | 12.5% without indexation + applicable Surcharge + 4% Cess |
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FAQs
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