Mutual Funds
AMC
Groww Banking & Financial Services Fund-Reg (IDCW)

Groww Banking & Financial Services Fund-Reg (IDCW)

NAV
11.76(-0.55%)
Fund Size (CR)
₹61.84
Expense Ratio
2.3
Scheme Type
Active Fund
Value Research

Min. investment
₹500
Minimum Additional Investment
₹500
Minimum SIP Investment
₹100
Minimum Withdrawal
₹500
Exit Load
1% of applicable Net Asset Value - If the amount sought to be redeemed or switch out is invested for a period of up to 3 months from the date of allotment Nil - If the amount, sought to be redeemed or switch out is invested for a period of more than 3 months from the date of allotment
1%
Return Since Launch
8.95%

Absolute Return: -2.09%

Annualized Return: 0%

1% of applicable Net Asset Value - If the amount sought to be redeemed or switch out is invested for a period of up to 3 months from the date of allotment Nil - If the amount, sought to be redeemed or switch out is invested for a period of more than 3 months from the date of allotment

Basic Details

Scheme Manager

Anupam Tiwari

Bench Mark

Nifty Financial Services TRI

Type

OPEN

Lumpsum Returns

Period Invested For	₹10,000 Invested on	Latest Value	Absolute Returns	Annualised Returns	Category Avg	Rank within Category
1 Week	13 January 2026	9844.66	-1.55%	-	-2.25%	268/964
1 Month	19 December 2025	9940.07	-0.60%	-	-2.90%	148/960
3 Month	20 October 2025	9898.72	-1.01%	-	-3.53%	241/924
6 Month	18 July 2025	9979.66	-0.20%	-	-1.32%	331/888
1 Year	20 January 2025	11431.73	14.32%	14.32%	4.45%	136/820
3 Year	-	-	-	-	-	-/-
5 Year	-	-	-	-	-	-/-
Since Inception	6 February 2024	11825.90	18.26%	8.95%	10.80%	664/964

Note: Lumpsum Returns since Inception Date.

SIP Returns

Period Invested For	₹10,000 Invested on	Investments	Latest Value	Absolute Returns	Annualised Returns
1 Year	3 February 2025	1,20,000	126281.16	5.23%	5.23%
3 Year	-	-	-	-	-
5 Year	-	-	-	-	-
10 Year	-	-	-	-	-

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

Investment type
Scheme based

SIP
Lumpsum

Monthly Investment (₹)

Minimum value allowed is 500

Expected Returns Rate (%)

Minimum value allowed is 1

Time Period (in Years)

Minimum value allowed is 1

Start your SIP now

Invested Amount
₹25,000
Estimated Returns
₹19,059

76%

Returns

Future value of your investment

₹44,059

Risk Ratios

3.84%

Standard Deviation

1.03%

Beta

0.40%

Sharpe Ratio

0.02%

Treynor's Ratio

-7.59%

Jension's Alpha

Asset Allocation

Sector Allocation

Top 10 stock holding in portfolio

Stock Invested in	% of Total Holdings	Quantity	Value (Cr)	Asset Type	Segment
SBI	7.50%	47237	4.64	Equity	Banks
Bajaj Finance	7.12%	44639	4.40	Equity	Finance
ICICI Bank	6.22%	28664	3.85	Equity	Banks
HDFC Bank	5.82%	36298	3.60	Equity	Banks
L&T Finance Ltd	3.97%	77718	2.46	Equity	Finance
SBI Life Insuran	3.69%	11218	2.28	Equity	Insurance
SBFC Finance	3.51%	208814	2.17	Equity	Finance
Kotak Mah. Bank	3.24%	9098	2.00	Equity	Banks
Multi Comm. Exc.	3.03%	1681	1.87	Equity	Financial Services
BSE	2.86%	6715	1.77	Equity	Financial Services

Peer Comparison

Scheme Name	Asset Size (Cr)	1M	3M	6M	1Y	3Y
Nippon India Taiwan Equity Fund - Direct (G)	427.47	9.25%	13.12%	38.78%	58.10%	40.69%
Nippon India Taiwan Equity Fund - Direct (IDCW)	427.47	9.25%	13.12%	38.78%	58.10%	40.69%
Aditya Birla SL International Equity Fund - Direct (G)	275.88	4.33%	8.62%	16.59%	36.49%	17.53%
Aditya Birla SL International Equity Fund - Direct (IDCW)	275.88	4.33%	8.62%	16.59%	36.48%	17.53%
Franklin Asian Equity Fund - Direct (G)	314.58	7.45%	7.80%	19.79%	31.81%	12.79%

List of Schemes under Groww Mutual Fund

Fund Name	Category	Risk	1Y Returns	Ratings	Fund Size (Cr)
Groww Multicap Fund	Equity	Very High	9.75%	0	₹313.85
Groww Large Cap Fund	Equity	Very High	10.31%	3	₹132.37
Groww Value Fund	Equity	Very High	9.64%	2	₹67.89
Groww Banking & Financial Services Fund	Equity	Very High	16.56%	0	₹61.84
Groww ELSS Tax Saver Fund	Equity	Very High	2.92%	2	₹53.08
Groww Overnight Fund	Debt	Low	5.65%	2	₹15.42
Groww Liquid Fund	Debt	Moderately Low	6.52%	5	₹165.23
Groww Money Market Fund	Debt	Moderately Low	0%	0	₹20.48
Groww Short Duration Fund	Debt	Moderate	7.64%	2	₹128.98
Groww Dynamic Bond Fund	Debt	Moderate	4.41%	2	₹78.62
Groww Gilt Fund	Debt	Moderate	0%	0	₹38.67
Groww Aggressive Hybrid Fund	Hybrid	High	6.62%	2	₹50.63
Groww Multi Asset Allocation Fund	Hybrid	Very High	0%	0	₹350.76
Groww Nifty Total Market Index Fund	Other	Very High	5.07%	0	₹348.26
Groww Nifty Smallcap 250 Index Fund	Other	Very High	-7.25%	0	₹119.67
Groww Nifty Non-Cyclical Consumer Index Fund	Other	Very High	-1.54%	0	₹47.12
Groww Nifty India Railways PSU Index Fund	Other	Very High	0%	0	₹47.40
Groww Nifty 50 Index Fund	Other	Very High	0%	0	₹19.12
Groww Nifty Next 50 Index Fund	Other	Very High	0%	0	₹7.22
Groww Nifty Midcap 150 Index Fund	Other	Very High	0%	0	₹11.15
Groww Nifty EV & New Age Automotive ETF FOF	Other	Very High	1.53%	0	₹159.03
Groww Nifty India Defence ETF FOF	Other	Very High	15.58%	0	₹84.36
Groww Gold ETF FOF	Other	High	84.36%	0	₹77.90
Groww Nifty 200 ETF FOF	Other	Very High	0%	0	₹6.36
Groww Nifty 500 Momentum 50 ETF FOF	Other	Very High	0%	0	₹8.02
Groww Silver ETF FOF	Other	Very High	0%	0	₹71.60
Groww Nifty India Internet ETF FOF	Other	Very High	0%	0	₹10.15
Groww BSE Power ETF FOF	Other	Very High	0%	0	₹6.79
Groww Nifty Capital Markets ETF FOF	Other	Very High	0%	0	₹10.31
Groww Multi Asset Omni FOF	Other	Very High	0%	0	₹65.00

News

Groww Mutual Fund announces change in fund manager under its schemes

Groww Mutual Fund has announced change in fund manager under the following schemes, With effect from 20 January 2026.

Change in Fund Manager:

Scheme Name	Existing Fund Manager(s)	Revised Fund Manager(s)
Groww Large Cap Fund	' Mr. Anupam Tiwari (Head- Equity) ' Mr. SaptarsheeChatterjee (Assistant Fund Manager-Equity)	' Mr. Anupam Tiwari (Head- Equity) ' Mr. Saptarshee Chatterjee (Assistant Fund Manager-Equity) ' Mr. Gagan Thareja (Fund Manager-Equity)
Groww Value Fund	' Mr. Anupam Tiwari (Head- Equity) ' Mr. SaptarsheeChatterjee (Assistant Fund Manager-Equity)	' Mr. Gagan Thareja (Fund Manager -Equity) ' Mr. Saptarshee Chatterjee (Assistant Fund Manager-Equity) ' Mr. Anupam Tiwari (Head- Equity)
Groww Multicap Fund	' Mr. Anupam Tiwari (Head- Equity) ' Mr. SaptarsheeChatterjee (Assistant Fund Manager-Equity)	' Mr. Anupam Tiwari (Head- Equity) ' Mr. Saptarshee Chatterjee (Assistant Fund Manager-Equity) ' Mr. Gagan Thareja (Fund Manager-Equity)
Groww Banking & Financial Services Fund	' Mr. Anupam Tiwari (Head- Equity) ' Mr. Saptarshee Chatterjee (Assistant Fund Manager- Equity)	' Mr. Anupam Tiwari (Head- Equity) ' Mr. Saptarshee Chatterjee (Assistant Fund Manager-Equity) ' Mr. Gagan Thareja (Fund Manager-Equity)
Groww Aggressive Hybrid Fund	' Mr. Anupam Tiwari (Head- Equity) ' Mr. SaptarsheeChatterjee (Assistant Fund Manager-Equity) ' Mr. Kaustubh Sule (Fund Manager-Fixed Income)	' Mr. Anupam Tiwari (Head- Equity) ' Mr. Saptarshee Chatterjee (Assistant Fund Manager-Equity) ' Mr. Gagan Thareja (Fund Manager-Equity) ' Mr. Kaustubh Sule (Fund Manager-Fixed Income)

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Groww Mutual Fund announces change in fund manager under its schemes

Groww Mutual Fund has announced change in fund manager under the following schemes, With effect from 21 November 2025.

Change in Fund Manager:

Scheme Name	Existing Fund Manager	Revised Fund Managers
Groww ELSS Tax Saver Fund	Mr. Paras Matalia (Fund Manager- Equity)	Mr. Paras Matalia (Fund Manager- Equity) & Mr. Nikhil Satam (Assistant Fund Manager)
Groww Multi Asset Allocation Fund	Mr. Paras Matalia (Fund Manager- Equity) Mr. Kaustubh Sule (Senior ' Fund Manager- Fixed Income) & Mr. Wilfred Gonsalves (Fund Manager ' Gold, Silver & Debt Dealer)	Mr. Paras Matalia (Fund Manager- Equity) Mr. Kaustubh Sule (Senior ' Fund Manager- Fixed Income) Mr. Wilfred Gonsalves (Fund Manager ' Gold, Silver & Debt Dealer) & Mr. Nikhil Satam (Assistant Fund Manager)

Scheme Name

Existing Fund Manager

Revised Fund Managers

Groww ELSS Tax Saver Fund

Mr. Paras Matalia (Fund Manager- Equity)

Mr. Paras Matalia (Fund Manager- Equity) &

Mr. Nikhil Satam (Assistant Fund Manager)

Groww Multi Asset Allocation Fund

Mr. Paras Matalia (Fund Manager- Equity)

Mr. Kaustubh Sule (Senior ' Fund Manager- Fixed Income) &

Mr. Wilfred Gonsalves (Fund Manager ' Gold, Silver & Debt Dealer)

Mr. Paras Matalia (Fund Manager- Equity)

Mr. Kaustubh Sule (Senior ' Fund Manager- Fixed Income)

Mr. Wilfred Gonsalves (Fund Manager ' Gold, Silver & Debt Dealer) &

Mr. Nikhil Satam (Assistant Fund Manager)

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Groww Multi Asset Allocation Fund with respect to change in risk-o-meters of the scheme
Groww Mutual Fund has announced change in risk-o-meters of the following scheme, with immediate effect
Change in Risk-O-Meter of the Scheme :

Scheme Name Existing Risk-O-Meter of the Scheme Revised Risk-O-Meter of the Scheme

Groww Multi Asset Allocation Fund Low to Moderate Risk High Risk

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Scheme Name	Existing Risk-O-Meter of the Scheme	Revised Risk-O-Meter of the Scheme
Groww Multi Asset Allocation Fund	Low to Moderate Risk	High Risk

Fund House Details & Investment Objective

Date of Incorporation

17 January 2024

Total AUM (Cr)

₹61.84

Groww Banking & Financial Services Fund-Reg (IDCW) is an Sectoral / Thematic-oriented fund from the renowned AMC, Groww Mutual Fund. Launched in 17 January 2024, this fund is managed by Anupam Tiwari. With assets under management (AUM) worth ₹61.84 (Cr), as of 21 January 2026, Groww Banking & Financial Services Fund-Reg (IDCW) is categorized as a Sectoral / Thematic within its segment. The fund has generated a return of 8.95% since its launch.
The current NAV of Groww Banking & Financial Services Fund-Reg (IDCW) is ₹11.76, as on 21 January 2026. The fund's benchmark index is Nifty Financial Services TRI. You can invest in Groww Banking & Financial Services Fund-Reg (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:
The fund has generated undefined% and undefined% 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 94.15% in Equity, 5.85% in cash and cash equivalents.
The top 5 sectors the fund invests in are: 35.75% in Finance, 35.34% in Banks, 11.04% in Capital Markets, 7.83% in Insurance, 5.77% in Others