Groww Banking & Financial Services Fund
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.
Growthvine rating: 1/5 — ranked #77 of 85 in category.
Fund basics
| Category | Equity: Sectoral |
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| NAV | ₹12.38 (as of 2026-10-01) |
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| AUM | ₹91 Cr |
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| Expense ratio | 2.10% |
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| Riskometer | Very High |
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| Fund manager | Nikhil Satam |
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| Exit load | 1% for redemption within 30 days |
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Performance & risk
| Standard deviation | 0.00% |
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| Max drawdown | −16.72% |
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| Alpha | 0 |
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| Beta | 0 |
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Over 5 years, captured 102.2% of NIFTY Financial Services's upside and 94.8% of its downside.
Market cap allocation
| Large cap | 25.8% |
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| Mid cap | 29.6% |
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| Small cap | 44.6% |
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Concentration
| Top 5 holdings | 23.6% |
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| Top 10 holdings | 41.0% |
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| Total holdings | 37 |
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Top holdings
- ICICI Bank Ltd. — 6.6%
- AXIS Bank Ltd. — 4.6%
- Multi Commodity Exchange of India Ltd — 4.5%
- CarTrade Tech Limited — 4.0%
- HDFC Bank Ltd. — 4.0%
- TREPS 01-SEP-2026 — 3.9%
- One 97 Communications Limited — 3.7%
- Ujjivan Small Finance Bank Limited — 3.6%
- Shriram Finance Limited — 3.4%
- OnEMI Technology Solutions Limited — 3.3%
Top sectors
- Banking & Financial — 51.8%
- Finance & Investments — 28.0%
- Technology — 8.9%
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | 3.5% | Q2 | #28 of 76 |
| 2025 | 8.9% | Q2 | #21 of 69 |