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 #74 of 84 in category.
Fund basics
| Category | Equity: Sectoral |
|---|
| NAV | ₹13.18 (as of 2026-08-21) |
|---|
| AUM | ₹76 Cr |
|---|
| Expense ratio | 2.10% |
|---|
| Riskometer | Very High |
|---|
| Fund manager | Nikhil Satam |
|---|
| Exit load | 1% for redemption within 30 days |
|---|
Performance & risk
| Standard deviation | 0.00% |
|---|
| Max drawdown | -16.72% |
|---|
| Alpha | 0 |
|---|
| Beta | 0 |
|---|
Over 5 years, captured 102.2% of NIFTY Financial Services's upside and 108.3% of its downside.
Market cap allocation
| Large cap | 32.5% |
|---|
| Mid cap | 25.3% |
|---|
| Small cap | 42.2% |
|---|
Concentration
| Top 5 holdings | 28.4% |
|---|
| Top 10 holdings | 45.9% |
|---|
| Total holdings | 34 |
|---|
Top holdings
- ICICI Bank Ltd. — 10.8%
- AXIS Bank Ltd. — 5.7%
- Ujjivan Small Finance Bank Limited — 4.1%
- TREPS 03-AUG-2026 — 4.1%
- CarTrade Tech Limited — 3.9%
- Bajaj Finance Limited — 3.8%
- Multi Commodity Exchange of India Ltd — 3.7%
- RBL Bank Limited — 3.7%
- One 97 Communications Limited — 3.6%
- ICICI Prudential Asset Management Company Limited — 3.2%
Top sectors
- Banking & Financial — 54.1%
- Finance & Investments — 27.0%
- Technology — 4.7%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 10.1% | Q2 | #25 of 76 |
| 2025 | 8.9% | Q2 | #21 of 69 |