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Invest in direct mutual funds at zero charges via lump sump investments or SIPs
Groww Banking & Financial Services Fund Direct Growth
NAV: 25 Jun '26
₹13.14
Min. for SIP
₹500
Fund size (AUM)
₹70.14 Cr
Expense ratio
1.15%
Rating
--
Return calculator
Monthly investment
₹5,000
| Over the past | Total investment | Would've become | Historic returns | Returns |
|---|---|---|---|---|
| 3 months | ₹15,000 | ₹15,445 | +2.97% | |
| 6 months | ₹30,000 | ₹30,788 | +2.63% | |
| 1 year | ₹60,000 | ₹62,168 | +3.61% |
Holdings (34)
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| ICICI Bank Ltd | Financial | Equity | 7.78% |
| HDFC Bank Ltd | Financial | Equity | 7.69% |
| Axis Bank Ltd | Financial | Equity | 7.11% |
| BSE Ltd | Financial | Equity | 5.91% |
| Multi Commodity Exchange Of India Ltd | Financial | Equity | 4.85% |
| Bajaj Finance Ltd | Financial | Equity | 3.91% |
| Ujjivan Small Finance Bank Ltd | Financial | Equity | 3.70% |
| RBL Bank Ltd | Financial | Equity | 3.68% |
| SBFC Finance Ltd | Financial | Equity | 3.55% |
| India Shelter Finance Corporation Ltd. | Financial | Equity | 2.91% |
| Prudent Corporate Advisory Services Ltd | Financial | Equity | 2.78% |
| OnEMI Technology Solutions Ltd. | Technology | Equity | 2.75% |
| The Federal Bank Ltd | Financial | Equity | 2.72% |
| Aditya Birla Capital Ltd | Financial | Equity | 2.68% |
| Shriram Transport Finance Company Ltd | Financial | Equity | 2.67% |
| Home First Finance Company India Ltd | Financial | Equity | 2.66% |
| L&T Finance Holdings Ltd | Financial | Equity | 2.59% |
| State Bank of India | Financial | Equity | 2.58% |
| PB Fintech Ltd | Financial | Equity | 2.49% |
| Union Bank of India | Financial | Equity | 2.46% |
| Max Financial Services Ltd | Financial | Equity | 2.44% |
| Nippon Life India Asset Management Ltd | Financial | Equity | 2.43% |
| Fedbank Financial Services Ltd. | Financial | Equity | 2.39% |
| SBI Life Insurance Company Ltd | Financial | Equity | 2.09% |
| Karur Vysya Bank Ltd | Financial | Equity | 2.02% |
| HDFC Bank Ltd. 28-JUL-26 | Financial | Futures | 1.94% |
| City Union Bank Ltd | Financial | Equity | 1.73% |
| The Jammu & Kashmir Bank Ltd | Financial | Equity | 1.57% |
| Tamilnad Mercantile Bank Ltd | Financial | Equity | 1.53% |
| Reverse Repo | Unspecified | Reverse Repo | 1.37% |
| Angel One Ltd | Financial | Equity | 1.16% |
| CreditAccess Grameen Ltd | Financial | Equity | 0.98% |
| Arman Financial Services Ltd | Financial | Equity | 0.95% |
| Net Payables | Unspecified | Net Payables | -0.05% |
See All
Minimum investments
Min. for 1st investment
₹500
Min. for 2nd investment
₹500
Min. for SIP
₹500
Returns and rankings
Annualised returns
Absolute returns
| Name | 3M | 6M | 1Y | All |
|---|---|---|---|---|
| Fund returns | +13.6% | +5.9% | +9.0% | +31.4% |
| Category average (Equity Sectoral) | -- | -- | +16.5% | -- |
| Rank (Equity Sectoral) | 3 | 3 | 5 | -- |
Exit load, stamp duty and tax
Exit load
Exit load of 1%, if redeemed within 30 days.
Stamp duty on investment: 0.005% (from July 1st, 2020)
from July 1st 2020
Tax implication
If you redeem within one year, returns are taxed at 20%. If you redeem after one year, returns exceeding Rs 1.25 lakh in a financial year are taxed at 12.5%.
Check past data
Fund management
ATAnupam TiwariJan 2024 - PresentView details
AT
Anupam Tiwari
Jan 2024 - Present
View details
GTGagan TharejaJan 2026 - PresentView details
GT
Gagan Thareja
Jan 2026 - Present
View details
SCSaptarshee ChatterjeeFeb 2025 - PresentView details
SC
Saptarshee Chatterjee
Feb 2025 - Present
View details
About Groww Banking & Financial Services Fund Direct Growth
Groww Banking & Financial Services Fund Direct Growth is a Equity Mutual Fund Scheme launched by Groww Mutual Fund. This scheme was made available to investors on 10 Apr 2008. Anupam Tiwari is the Current Fund Manager of Groww Banking & Financial Services Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹5,337 Cr and the Latest NAV as of 25 Jun 2026 is ₹13.14.
The Groww Banking & Financial Services Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹500. Minimum Lumpsum Investment is ₹500. Exit load of 1%, if redeemed within 30 days.
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Investment Objective
The scheme seeks 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.;
Fund benchmarkNIFTY Financial Services Total Return Index
Fund house
Rank (total assets)#41 in India
Total AUM₹5,336.86 Cr
Date of Incorporation10 Apr 2008
Launch Date10 Apr 2008
Address505 – 5th Floor, Tower 2B, One World Centre, Near Prabhadevi Railway Station, Lower Parel,Maharashtra Mumbai 400013
Websitewww.karvymfs.com
AddressKarvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,