| Launch date | 17 Jan 2024 |
| Allotment date | 07 Feb 2024 |
| End date | 31 Jan 2024 |
| NAV | ₹10.00 |
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
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
Minimum investment amounts
| Min. for 1st investment | ₹500 |
| Min. for 2nd investment onwards | ₹500 |
| Min. for SIP | ₹500 |
Fund management
Saptarshee ChatterjeeFeb 2025 - PresentView details
Fund house & investment objective
| Rank (total assets) | #41 in India |
|---|---|
| Total AUM | ₹1,505.96Cr |
| Date of Incorporation | 10 Apr 2008 |
|---|
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 ₹1,506 Cr and the Latest NAV as of 11 Apr 2025 is ₹10.61. 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. ;
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 benchmark | NIFTY Financial Services Total Return Index |
|---|
Fund house contact details
Vaishnavi Tech Park, South Tower, 3rd Floor
Sarjapur Main Road, Bellandur
Bengaluru – 560103
Karnataka
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