Groww Banking & Financial Services Fund Direct - G...
NAV as of Jul 05, 2024
11.03-0.76%
- Growth - Direct
(Earn upto 1.94% Extra Returns with Direct Plan)
Fund Category:
Equity: Sectoral-Banking
Expense Ratio:
0.36%(0.64% Category
average)Fund Size:
Rs. 36.62 Cr(0.10% of Investment in Category)
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Groww Banking & Financial Services Fund Direct - Growth
NAV as of Jul 05, 2024
11.03-0.76%
Expense Ratio:
0.36%
Fund Size:
Rs. 36.62 Cr
Fund Category:
Equity: Sectoral-Banking
1. Current NAV: The Current Net Asset Value of the Groww Banking & Financial Services Fund - Direct Plan as of Jul 05, 2024 is Rs 11.03 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 9.66% (since launch). Whereas, Category returns for the same time duration are: 27.1% (1yr), 17.83% (3yr) and 13.47% (5yr).
3. Fund Size: The Groww Banking & Financial Services Fund - Direct Plan currently holds Assets under Management worth of Rs 36.62 crore as on May 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.36% for Direct plan as on May 31, 2024.
5. Exit Load: Groww Banking & Financial Services Fund - Direct Plan shall attract an Exit Load, "Exit load of 1%, if redeemed within 30 days."
6. Minimum Investment: Minimum investment required is Rs 500 and minimum additional investment is Rs 500. Minimum SIP investment is Rs 100.
Groww Banking & Financial Services Fund Direct - Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 7.39 6.82 - - - - Category Avg 8.05 7.92 11.79 25.94 17.56 13.31 Rank within Category 26 24 - - - - No. of funds within Category 52 49 44 38 27 16 - Loading...
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Return Comparison
- This Fund
- BenchmarkNIFTY Financial Services Total Return Index
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Groww Banking & Financial Services Fund Direct - Growth Fund Details
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 House | Groww Mutual Fund |
Launch Date | Feb 07, 2024 |
Benchmark | NIFTY Financial Services Total Return Index |
Return Since Launch | 10.3% |
Riskometer | Very High |
Type | Open-ended |
Risk Grade | - |
Return Grade | - |
Groww Banking & Financial Services Fund Direct - Growth Investment Details
Minimum Investment (Rs.) | 500.00 |
Minimum Additional Investment (Rs.) | 500.00 |
Minimum SIP Investment (Rs.) | 100.00 |
Minimum Withdrawal (Rs.) | 500.00 |
Exit Load Exit load of 1%, if redeemed within 30 days. |
Portfolio Allocation
Asset Allocation
Asset Allocation History
Sector Allocation
Market Cap Allocation
Concentration & Valuation Analysis
MAY 2024 | APR 2024 | MAR 2024 | FEB 2024 | |
---|---|---|---|---|
Number of Holdings | 25 | 24 | 19 | 18 |
Top 5 Company Holdings | 62.65% | 60.47% | 58.76% | 59.4% |
Top 10 Company Holdings | 78.23% | 74.19% | 72.96% | 74.7% |
Company with Highest Exposure | HDFC Bank (21.87%) | HDFC Bank (23.1%) | ICICI Bank (20.49%) | ICICI Bank (20.57%) |
Number of Sectors | 3 | 3 | 3 | 3 |
Top 3 Sector Holdings | 98.18% | 94.57% | 87.65% | 91.34% |
Top 5 Sector Holdings | 98.18% | 94.57% | 87.65% | 91.34% |
Sector with Highest Exposure | Financial (90.63%) | Financial (86.53%) | Financial (81.9%) | Financial (84.27%) |
Top Stock Holdings
Sector Holdings in MF
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) HDFC Bank Financial 21.87 19.57 84.20 -2.31 ICICI Bank Financial 19.04 19.11 64.53 19.58 State Bank of India Financial 8.65 11.25 76.40 43.42 Axis Bank Financial 7.19 15.06 85.49 21.75 Kotak Mahindra Bank Financial 5.9 20.22 91.62 -6.32 Bajaj Finance Financial 4.4 30.57 233.46 2.19 SBI Life Insurance Company Insurance 3.93 - - - Mas Financial Services Financial 2.56 21.39 13.84 14.17 Indusind Bank Financial 2.55 12.43 115.34 12.10 Five-Star Business Finance Financial 2.14 - - -
Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Groww Banking & Financial Services Fund Direct - Growth 11.03 Unrated 36.62 7.39 - - - Sundaram Financial Services Opportunities Fund Direct-Growth 110.58 1,268.85 9.10 35.42 22.59 18.70 SBI Banking & Financial Services Fund Direct-Growth 41.38 5,387.33 9.17 32.32 17.27 15.68 Mirae Asset Banking and Financial Services Fund Direct - Growth 20.03 1,671.29 10.79 28.80 19.17 - Nippon India Banking & Financial Services Fund Direct-Growth 615.63 5,462.71 8.44 27.03 20.14 14.36
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Risk Ratio data not available for this fund
Groww Mutual Fund News
- Groww mutual fund issue: What investors can do to safeguard their investments
- Groww Mutual Fund files draft document with Sebi for Nifty EV & New Age Automotive FOF
- Groww Mutual Fund files draft documents for Nifty EV & New Age Automotive ETF
- Groww Mutual Fund launches Nifty Non-Cyclical Consumer Index Fund
Fund Manager
- A.T.Anupam TiwariSince Jan 20244 schemes
Mr. Tiwari is a Chartered Accountant. 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).
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Groww Aggressive Hybrid Fund Direct - Growth Aggressive Hybrid 22.95 42.04 31.87 Groww Large Cap Fund Direct Fund-Growth Large Cap 51.51 121.26 39.25 Groww ELSS Tax Saver Fund Direct - Growth ELSS 22.76 46.01 42.70 Groww Value Fund Direct-Growth Value Oriented 30.72 19.93 44.04
More Groww Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Groww Liquid Direct Fund-Growth | 191.09 | 0.60 | 1.85 | 3.61 | 7.10 | 5.16 | |
Groww Large Cap Fund Direct Fund-Growth | 116.03 | 3.40 | 10.15 | 18.47 | 36.24 | 15.88 | |
Groww Nifty Total Market Index Fund Direct - Growth | 103.60 | 1.38 | 7.86 | - | - | - | |
Groww Overnight Fund Direct - Growth | 73.08 | 0.51 | 1.65 | 3.35 | 6.55 | 4.93 | |
Groww ELSS Tax Saver Fund Direct - Growth | 43.89 | 1.17 | 8.93 | 19.26 | 39.16 | 16.82 | |
Groww Aggressive Hybrid Fund Direct - Growth | 39.87 | 2.56 | 8.66 | 15.44 | 28.89 | 14.08 | |
Groww Short Duration Fund Direct-Growth | 38.10 | 0.67 | 2.33 | 4.07 | 7.07 | 5.14 | |
Groww Dynamic Bond Fund Direct - Growth | 37.74 | 0.82 | 2.87 | 4.39 | 7.05 | 5.31 | |
Groww Banking & Financial Services Fund Direct - Growth | 31.81 | 0.63 | - | - | - | - | |
Groww Value Fund Direct-Growth | 16.26 | 2.26 | 9.23 | 21.63 | 45.58 | 19.86 |
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1. Groww Banking & Financial Services Fund - Direct Plan is Open-ended Sectoral-Banking Equity scheme which belongs to Groww Mutual Fund House.
2. The fund was launched on Feb 07, 2024.
Investment objective & Benchmark
1. The investment objective of the fund is that " 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. "
2. It is benchmarked against NIFTY Financial Services Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 98.18% in equities, 0.93% in debts and 0.89% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 78.23% of the assets, the top 3 sectors constitute around 98.18% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on Groww Banking & Financial Services Fund Direct - Growth
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
FAQs about Groww Banking & Financial Services Fund Direct - Growth
- Is it safe to invest in Groww Banking & Financial Services Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Groww Banking & Financial Services Fund - Direct Plan comes under Very High risk category.
- What is the category of Groww Banking & Financial Services Fund - Direct Plan?Groww Banking & Financial Services Fund - Direct Plan belongs to the Equity : Sectoral-Banking category of funds.
- How Long should I Invest in Groww Banking & Financial Services Fund - Direct Plan?The suggested investment horizon of investing into Groww Banking & Financial Services Fund - Direct Plan is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Groww Banking & Financial Services Fund - Direct Plan?The Groww Banking & Financial Services Fund - Direct Plan is managed by Anupam Tiwari (Since Jan 17, 2024).
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