- Mutual Funds
- Groww Banking & Financial Services Fund-Reg (G)
Groww Banking & Financial Services Fund-Reg (G)
Sectoral / Thematic
- NAV 10.84 (1.03%)
- Fund Size (Cr) ₹39.7
- Expense Ratio 2.3
- Scheme Type Active Fund
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Value Research
- Minimum investment ₹500
- Minimum Additional Investment ₹500
- Minimum SIP Investment ₹100
- Minimum Withdrawal ₹500
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Exit Load
1%
- Return Since Launch 7.25%
Basic Details
Anupam Tiwari
Nifty Financial Services TRI
OPEN
Lumpsum Returns
Note: Lumpsum Returns since Inception Date.
SIP Returns
Note: SIP Returns since Inception Date.
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
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Risk Ratios
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Standard Deviation
3.27% -
Beta
0.87% -
Sharpe Ratio
1.88% -
Treynor’s Ratio
0.08% -
Jension’s Alpha
-11.59%
Asset Allocation
There is no Asset Allocation data.
Sector Allocation
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Top 10 stock holding in portfolio
Peer Comparison
- Scheme Name
- Value Research
- Asset Size (Cr)
- 1M
- 3M
- 6M
- 1Y
- 3Y
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HDFC Defence Fund - Direct (G)
- 3665.95
- -2.97%
- 21.71%
- 50.61%
- 116.41%
- -
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HDFC Defence Fund - Direct (IDCW)
- 3665.95
- -2.97%
- 21.71%
- 50.61%
- 116.41%
- -
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SBI PSU Fund - Direct (G)
- 3694.68
- 4.23%
- 10.06%
- 29.05%
- 88.24%
- 42.28%
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SBI PSU Fund - Direct (IDCW)
- 3694.68
- 4.23%
- 10.05%
- 29.04%
- 88.22%
- 42.27%
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Aditya Birla SL PSU Equity Fund - Direct (G)
- 5121.77
- 3.47%
- 6.86%
- 24.02%
- 87.70%
- 43.19%
News
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Groww MF Announces change in fund managers under its schemes
Groww Mutual Fund has announced the following change in the fund managers of certain schemes of the fund, with effect from 10 June 2024
Change in Fund Management Responsibilities:
Name of the Scheme Existing Fund Manager(s) Revised Fund Manager(s) Groww ELSS Tax Saver Fund Mr. Anupam Tiwari, Mr Madhu Babu & Mr. Kaustubh Sule Mr. Anupam Tiwari & Mr Madhu Babu Groww Value Fund Mr. Anupam Tiwari & Mr. Kaustubh Sule Mr. Anupam Tiwari Powered by Capital Market - Live News
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Groww MF Announces Change In the Benchmark
Groww Mutual Fund has announced Change in the Benchmark of Union Large & Midcap Fund under the following scheme, with effect from 01 June 2024
Name of the Scheme Existing Benchmark Revised Benchmark Groww ELSS Tax Saver Fund ?S&P BSE 500 TRI? ?BSE 500 TRI? Powered by Capital Market - Live News
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Groww Mutual Fund Announces Appointment of Key Personnel
Groww Mutual Fund has announced that Mr. Nirav Satish Bhanushali has been appointed as an Research Associate - Equity (?Key Personnel') of Groww Asset Management Limited (formerly known as Indiabulls Asset Management Co. Ltd.) (AMC) w.e.f. May 23, 2024.
Details of Mr. Nirav Satish Bhanushali
Age: 26 years
Designation: Research Associate - Equity
Qualification: CFA Level 3 passed, B. Com (Accounting & Finance) from K.J. Somaiya college of Science & Commerce.
Powered by Capital Market - Live News
Fund House Details & Investment Objective
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Date of Incorporation
17-Jan-2024
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Total AUM (Cr)
₹39.70
Groww Banking & Financial Services Fund-Reg (G) 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 ₹39.70 (Cr), as of 26-Jul-2024, Groww Banking & Financial Services Fund-Reg (G) is categorized as a Sectoral / Thematic within its segment. The fund has generated a return of 7.25% since its launch.
The current NAV of Groww Banking & Financial Services Fund-Reg (G) is ₹10.84, as on 26-Jul-2024. The fund’s benchmark index is Nifty Financial Services TRI. You can invest in Groww Banking & Financial Services Fund-Reg (G) 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:
1.00% - If redemption/switch-out of units on or before 30 days from the date of allotment. Nil - If redemption/switch-out of units after 30 Days from the date of allotment.
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 97.11% in Equity and 2.89% in cash and cash equivalents
The top 5 sectors the fund invests in are: 68.50% in Banks, 17.54% in Finance, 8.23% in Insurance, 3.91% in Capital Markets and 0.93% in Debt.
FAQs on Groww Banking & Financial Services Fund-Reg (G)
Groww Banking & Financial Services Fund-Reg (G) is a popular fund in the Sectoral / Thematic segment. The fund has generated a return of 7.25% since inception. Looking to invest in Groww Banking & Financial Services Fund-Reg (G)? How about earning 1% extra return? All this is possible with m.Stock! Investing in Groww Banking & Financial Services Fund-Reg (G) 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-Reg (G)
- 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-Reg (G) today and reap the benefits of this Sectoral / Thematic fund!
In the short term, i.e., 1 year, Groww Banking & Financial Services Fund-Reg (G) 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 7.25% returns.
The expense ratio of Groww Banking & Financial Services Fund-Reg (G) Direct Growth is 2.3%. 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-Reg (G) is ₹39.70 (Cr) as of 26 July 2024. AUM shows the fund’s popularity and is often indicative of fund strength.
Redeeming or selling units of Groww Banking & Financial Services Fund-Reg (G) 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-Reg (G):
- 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-Reg (G)).
- 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-Reg (G). Minimum lumpsum investment Groww Banking & Financial Services Fund-Reg (G) 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-Reg (G) is ₹10.84 as on 26 July 2024.
The 5 biggest stock holdings of Groww Banking & Financial Services Fund-Reg (G) are:
HDFC Bank (24.68%), ICICI Bank (20.88%), Axis Bank (6.86%), Kotak Mah. Bank (6.84%), St Bk of India (3.89%)
A majority of Groww Banking & Financial Services Fund-Reg (G) 's AUM worth ₹39.70 (Cr) is invested in these 3 top sectors:
- Banks: 68.5%
- Finance: 17.54%
- Insurance: 8.23%
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