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Invest in direct mutual funds at zero charges via lump sump investments or SIPs
Groww Nifty PSU Bank Index Fund Direct Growth
NAV: 04 Sep '26
₹10.12
Min. for SIP
₹500
Fund size (AUM)
₹5.59 Cr
Expense ratio
1.37%
Rating
--
Return calculator
Monthly investment
₹5,000
| Over the past | Total investment | Would've become | Historic returns | Returns |
|---|---|---|---|---|
| 3 months | ₹15,000 | ₹14,924 | -0.51% | |
| 6 months | ₹30,000 | ₹30,362 | +1.21% |
Holdings (13)
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| State Bank of India | Financial | Equity | 33.80% |
| Bank Of Baroda | Financial | Equity | 12.61% |
| Canara Bank | Financial | Equity | 11.76% |
| Punjab National Bank | Financial | Equity | 10.87% |
| Union Bank of India | Financial | Equity | 9.27% |
| Indian Bank | Financial | Equity | 8.28% |
| Bank of India | Financial | Equity | 4.70% |
| Bank of Maharashtra | Financial | Equity | 4.52% |
| Central Bank of India | Financial | Equity | 1.48% |
| Indian Overseas Bank | Financial | Equity | 1.39% |
| UCO Bank | Financial | Equity | 0.83% |
| Punjab & Sind Bank | Financial | Equity | 0.28% |
| Net Receivables | Unspecified | Net Receivables | 0.21% |
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 | 3M | 6M | All |
|---|---|---|---|---|
| Fund returns | +3.4% | +3.4% | -- | +2.3% |
| Category average (Equity Sectoral) | -- | -- | -- | -- |
| Rank (Equity Sectoral) | 47 | 47 | -- | -- |
Exit load, stamp duty and tax
Exit load
Nil
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
AACAakash Ashokkumar ChauhanMar 2026 - PresentView details
AAC
Aakash Ashokkumar Chauhan
Mar 2026 - Present
View details
NSNikhil SatamMar 2026 - PresentView details
NS
Nikhil Satam
Mar 2026 - Present
View details
SKShashi KumarMar 2026 - PresentView details
SK
Shashi Kumar
Mar 2026 - Present
View details
About Groww Nifty PSU Bank Index Fund Direct Growth
Groww Nifty PSU Bank Index 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. Aakash Ashokkumar Chauhan is the Current Fund Manager of Groww Nifty PSU Bank Index Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹5,997 Cr and the Latest NAV as of 04 Sep 2026 is ₹10.12.
The Groww Nifty PSU Bank Index Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹500. Minimum Lumpsum Investment is ₹500.
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Investment Objective
The scheme seeks to generate long-term capital growth by investing in securities of the Nifty PSU Bank Index in the same proportion/weightage with an aim to provide returns before expenses that track the total return of Nifty PSU Bank Index, subject to tracking errors.
Fund benchmarkNIFTY PSU Bank Total Return Index
Fund house
Rank (total assets)#41 in India
Total AUM₹5,996.87 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,