Groww Banking & Financial Services Fund Direct - Growth - NFO

Equity
Sectoral-Banking
Very High Risk
Launch date17 Jan 2024
Allotment date07 Feb 2024
End date31 Jan 2024
NAV₹10.00

Expense ratio, exit load and tax

Expense ratio: 0.31%

Inclusive of GST

Exit load

Nil

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.

Understand terms

Minimum investment amounts

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

Fund house & investment objective

Rank (total assets)#41 in India
Total AUM₹628.34Cr
Date of Incorporation10 Apr 2008

Groww Banking & Financial Services Fund Direct - Growth - NFO is a Equity Mutual Fund Scheme launched by Groww Mutual Fund. This scheme was made available to investors on 10 Apr 2008. The fund currently has an Asset Under Management(AUM) of ₹628 Cr and the Latest NAV as of 07 Feb 2024 is ₹10.00. The Groww Banking & Financial Services Fund Direct - Growth - NFO is rated Very High risk. Minimum SIP Investment is set to ₹100. Minimum Lumpsum Investment is ₹500. ;

Fund benchmarkNIFTY Financial Services Total Return Index

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
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