Groww Banking & Financial Services Fund-Dir (IDCW)


Sectoral / Thematic
  • NAV 9.99 (0.08%)
  • Fund Size (Cr) ₹0
  • Expense Ratio -
  • Scheme Type Active Fund
  • Value Research Stars
  • Minimum investment ₹500
  • Minimum Additional Investment ₹500
  • Minimum SIP Investment ₹100
  • Minimum Withdrawal ₹500
  • Exit Load 0%
  • Return Since Launch -0.14%

Basic Details

Scheme Manager
Anupam Tiwari
Bench Mark
Nifty Financial Services TRI
Type
OPEN

Lumpsum Returns

  • Period Invested For
  • ₹10000 Invested on
  • Latest Value
  • Absolute Returns
  • Annualised Returns
  • Category Avg
  • Rank within Category
  • 1 Week
  • 09-Feb-24
  • 10063.19
  • 0.63%
  • -
  • 1.07%
  • 465/640
  • 1 Month
  • 0
  • -
  • -
  • 3.67%
  • -/-
  • 3 Month
  • 0
  • -
  • -
  • 15.60%
  • -/-
  • 6 Month
  • 0
  • -
  • -
  • 22.98%
  • -/-
  • 1 Year
  • 0
  • -
  • -
  • 41.24%
  • -/-
  • 3 Year
  • 0
  • 0%
  • -
  • 20.76%
  • -/-
  • 5 Year
  • 0
  • 0%
  • -
  • 21.32%
  • -/-
  • Since Inception
  • 06-Feb-24
  • 9985.90
  • -0.14%
  • -0.14%
  • 19.17%
  • 636/640

SIP Returns

  • Period Invested For
  • ₹10000 Invested on
  • Investments
  • Latest Value
  • Absolute Returns
  • Annualised Returns

Tax Treatment

If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.

Mutual Funds Calculator

  • Investment Type

  • Monthly Investment

  • Expected Returns Rate

    %
  • Time Period

    yrs

Total of your Investment will be

0

70%
Returns
  • Invested Amount

    0
  • Estimated Returns

    0
Why Wait? Start Investing
  • Select Scheme

  • Investment Type

  • Monthly Investment

  • Time Period


Total of your Investment will be

0

70%
Returns
  • Invested Amount

    0
  • Estimated Returns

    0
* The calculator shows annualized returns.
Why Wait? Start Investing

Asset Allocation

There is no Asset Allocation data.

Sector Allocation

There is no Sector Allocation data.

Top 10 stock holding in portfolio

  • Stock Invested in
  • % of Total Holdings
  • Quantity
  • Value (Cr)
  • Asset Type
  • Segment

Peer Comparison

  • Scheme Name
  • Value Research
  • Asset Size (Cr)
  • 1M
  • 3M
  • 6M
  • 1Y
  • 3Y
  • Groww Banking & Financial Services Fund-Dir (IDCW)
  • Stars
  • 0
  • -
  • -
  • -
  • -
  • -
  • Aditya Birla SL PSU Equity Fund - Direct (G)
  • Stars
  • 2678.68
  • 13.78%
  • 45.24%
  • 67.57%
  • 100.06%
  • 46.46%
  • Aditya Birla SL PSU Equity Fund - Direct (IDCW)
  • Stars
  • 2678.68
  • 13.76%
  • 45.19%
  • 67.52%
  • 100.00%
  • 46.50%
  • SBI PSU Fund - Direct (IDCW)
  • Stars
  • 1432.29
  • 15.49%
  • 42.37%
  • 58.67%
  • 93.86%
  • 42.72%
  • SBI PSU Fund - Direct (G)
  • Stars
  • 1432.29
  • 15.49%
  • 42.37%
  • 58.67%
  • 93.86%
  • 42.72%
  • Invesco India PSU Equity Fund - Direct (G)
  • Stars
  • 775.11
  • 13.92%
  • 37.96%
  • 54.41%
  • 89.65%
  • 40.95%

News

  • Groww Mutual Fund Announces change in Fund Manager Groww Mutual Fund has announced change in fund manager under the following scheme, with effect from 03 January 2024.

    Change in Fund Manager:

    Name of the Scheme Existing Fund Manager(s) New Fund Manager(s)
    Groww Nifty Total Market Index Fund ? Mr. Anupam Tiwari (Head- Equity)
    ? Mr. Madhu Babu (Assistant Fund Manager- Equity)
    ? Mr. Abhishek Jain (Fund Manager - Equity)

    Powered by Capital Market - Live News

  • Abhishek Jain appointed as Fund Manager-Equity of Groww Nifty Total Market Index Fund Groww Mutual Fund has announced change in fund manager under the following scheme, with effect from 01 January 2024.

    Change in Fund Manager:

    Name of the Scheme Existing Fund Manager(s) New Fund Manager(s)
    Groww Nifty Total Market Index Fund ? Mr. Anupam Tiwari (Head- Equity)
    ? Mr. Madhu Babu (Assistant Fund Manager- Equity)
    ? Mr. Anupam Tiwari (Head- Equity)
    ? Mr. Madhu Babu (Assistant Fund Manager- Equity)
    ? Mr. Abhishek Jain (Dealer & Fund Manager - Equity)

    Powered by Capital Market - Live News

  • Groww Mutual Fund Announces Appointment of Key Personnel Groww Mutual Fund has announced that Mr. Madhu Babu has been appointed as an Assistant Fund Manager (?Key Personnel') of Groww Asset Management Limited (formerly known as Indiabulls Asset Management Co. Ltd.) (AMC) w.e.f. November 30, 2023.

    Details of Mr. Madhu Babu

    Age: 41 years

    Designation: Assistant Fund Manager

    Qualification: BTECH & MBA

    Powered by Capital Market - Live News

Fund House Details & Investment Objective

  • Date of Incorporation 17-Jan-2024
  • Total AUM (Cr) ₹-

Groww Banking & Financial Services Fund-Dir (IDCW) is an Sectoral / Thematic-oriented fund from the renowned AMC, Groww Mutual Fund. Launched in Jan 2024, this fund is managed by Anupam Tiwari. With assets under management (AUM) worth ₹- (Cr), as of 19-Feb-2024, Groww Banking & Financial Services Fund-Dir (IDCW) is categorized as a Sectoral / Thematic within its segment. The fund has generated a return of -0.14% since its launch.
The current NAV of Groww Banking & Financial Services Fund-Dir (IDCW) is ₹9.99, as on 19-Feb-2024. The fund’s benchmark index is Nifty Financial Services TRI. You can invest in Groww Banking & Financial Services Fund-Dir (IDCW) via both lumpsum and SIP modes. The minimum SIP amount in the fund is ₹100 while the minimum lumpsum investment is ₹500.
Being an open-ended fund, you can exit the fund anytime subject to applicable exit loads:
Exit load is not applicable
The fund has generated - and - CAGR in the last 3 and 5 years respectively.

The fund aims to provide long-term capital appreciation and growth, by investing in a mix of financial instruments

FAQs on Groww Banking & Financial Services Fund-Dir (IDCW)

Groww Banking & Financial Services Fund-Dir (IDCW) is a popular fund in the Sectoral / Thematic segment. The fund has generated a return of -0.14% since inception. Looking to invest in Groww Banking & Financial Services Fund-Dir (IDCW)? How about earning 1% extra return? All this is possible with m.Stock! Investing in Groww Banking & Financial Services Fund-Dir (IDCW) is super easy and convenient with m.Stock. Here’s how you can begin:

  • Login to your m.Stock account. If you do not have an account, open m.Stock Demat account and enjoy 1% extra returns plus Zero Brokerage across products for life.
  • In the ‘Menu’ section, under ‘Products’, select ‘Mutual Funds’ .
  • In the search bar, enter the fund name, in this case, Groww Banking & Financial Services Fund-Dir (IDCW)
  • On the top right corner you’ll see two options – Lumpsum and SIP. You can choose either based on your risk appetite and available investible corpus.
  • If you choose to invest a Lumpsum: Enter amount, select payment mode (UPI or Netbanking), and click on ‘invest a lumpsum’. Make the payment and your lumpsum investment is complete.
  • If you choose the SIP route, then enter SIP amount, SIP date, and set up ‘Autopay’ facility.

So, why wait? Invest in Groww Banking & Financial Services Fund-Dir (IDCW) today and reap the benefits of this Sectoral / Thematic fund!

In the short term, i.e., 1 year, Groww Banking & Financial Services Fund-Dir (IDCW) has generated annualised return of -. In the long-term, the fund has generated - and - in 3 and 5 years respectively. Since its inception, the fund has generated -0.14% returns.

The expense ratio of Groww Banking & Financial Services Fund-Dir (IDCW) Direct Growth is -%. Expense ratio is the fees payable by investors of the scheme towards management, research and overall upkeep of the fund. The higher the expense ratio, the lower is the in-hand return for the investor. Expense ratio for direct plans is lower than regular plans, making them ideal for investors.

The Assets Under Management (AUM) of Groww Banking & Financial Services Fund-Dir (IDCW) is ₹- (Cr) as of 19 February 2024. AUM shows the fund’s popularity and is often indicative of fund strength.

Redeeming or selling units of Groww Banking & Financial Services Fund-Dir (IDCW) is relatively simple. But before you redeem, ensure that the fund has completed the minimum lock-in period else you will be charged an exit load.

To redeem from Groww Banking & Financial Services Fund-Dir (IDCW):

  • Login to your m.Stock account
  • In portfolio, your mutual fund investments will be visible under ‘MF’
  • Select the fund you wish to redeem from (in this case Groww Banking & Financial Services Fund-Dir (IDCW)).
  • Click on ‘Redeem’ button
  • You have 2 options – redeem by units and redeem by value (you can only redeem free units)
  • Select units to be redeemed and click on submit.
  • Redemption value will be credited to your account in 2-3 working days (as per timelines set by SEBI).

Yes, you can invest both lumpsum and SIP in Groww Banking & Financial Services Fund-Dir (IDCW). Minimum lumpsum investment Groww Banking & Financial Services Fund-Dir (IDCW) is ₹500 and minimum SIP amount is ₹100. Lumpsum option is ideal for investors with higher investible corpus and market experience. SIP option is recommended for retail investors who do not have the time or expertise to time the market.

The latest NAV (Net Asset Value) of Groww Banking & Financial Services Fund-Dir (IDCW) is ₹9.99 as on 19 February 2024.

The 5 biggest stock holdings of Groww Banking & Financial Services Fund-Dir (IDCW) are:

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