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Groww Banking & Financial Services Fund Growth
NAV: 12 Mar '26
₹11.18
Min. for SIP
Not Supported
Fund size
₹63.94 Cr
Expense ratio
2.35%
Holdings (34)
See All
Minimum investments
Min. for 1st investment
Not Supported
Min. for 2nd investment
Not Supported
Min. for SIP
Not Supported
Returns and rankings
Annualised returns
Absolute returns
| Name | 3M | 6M | 1Y | All |
|---|---|---|---|---|
| Fund returns | -4.0% | +0.8% | +17.8% | +15.0% |
| Category average (Equity Sectoral) | -- | -- | +16.5% | -- |
| Rank (Equity Sectoral) | 19 | 61 | 34 | -- |
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
SCSaptarshee ChatterjeeFeb 2025 - PresentView details
SC
Saptarshee Chatterjee
Feb 2025 - Present
View details
GTGagan TharejaJan 2026 - PresentView details
GT
Gagan Thareja
Jan 2026 - Present
View details
About Groww Banking & Financial Services Fund Growth
Groww Banking & Financial Services Fund 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 Growth fund. The fund currently has an Asset Under Management(AUM) of ₹4,262 Cr and the Latest NAV as of 12 Mar 2026 is ₹11.18.
The Groww Banking & Financial Services Fund Growth is rated Very High risk. Minimum SIP Investment is set to ₹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₹4,261.91 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,