Groww Banking & Financial Services Fund Direct Growth

Equity
Sectoral
Very High Risk
1M
6M
All
NAV: 12 Dec 2024₹11.66
Min. SIP amount₹100
RatingNA
Fund size₹44.74Cr

Return calculator

Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of 0
Would have become (%)

Returns and rankings

Category: Equity Sectoral
Absolute returns
1M3M6MAll
Fund returns3.1%6.2%12.3%16.5%
Category averageNANANANA
Rank with in categoryNA69NA
Understand terms

Holdings (27)

NameSectorInstrumentAssets
FinancialEquity19.46%
FinancialEquity16.87%
FinancialEquity7.15%
FinancialEquity6.49%
FinancialEquity3.96%
ServicesEquity3.50%
FinancialEquity3.03%
FinancialEquity2.84%
FinancialEquity2.79%
InsuranceEquity2.78%
ServicesEquity2.69%
FinancialEquity2.21%
FinancialEquity2.11%
ServicesEquity2.08%
InsuranceEquity1.77%
FinancialEquity1.76%
InsuranceEquity1.74%
FinancialEquity1.74%
InsuranceEquity1.69%
FinancialEquity1.62%
FinancialEquity1.45%
FinancialEquity1.39%
ServicesEquity1.34%
FinancialEquity1.32%
FinancialEquity1.04%
ServicesEquity1.04%
ServicesEquity0.96%
See All

Expense ratio, exit load and tax

Expense ratio: 0.36%

Inclusive of GST

Exit load

Exit load of 1%, if redeemed within 30 days.

Stamp duty

0.005% (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%.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹500
Min. for 2nd investment onwards₹500
Min. for SIP₹100

Fund management

Anupam Tiwari
Jan 2024 - Present
View details

Education
Mr. Tiwari is a Chartered Accountant.
Experience
Prior to joining Groww Mutual Fund (formerly, Indiabulls Mutual Fund), he was associated with Axis Mutual Fund, Principal Mutual Fund (July 25, 2011-Sep 21, 2016), Reliance Life Insurance Ltd. (Sep 22, 2010-Jul 15, 2011) and Reliance MF (Mar 21, 2005-Sep 21, 2010).
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
Floor 12 A, Tower 2 A, One World Centre, Jupiter Mills Compound Senapati Bapat Marg, Mumbai 400013
Phone
8050180222
Launch Date
10 Apr 2008
Groww Mutual Fund
Asset Management Company
Custodian
HDFC Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,

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