February 21, 2025
mayank
Groww Banking & Financial Services Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 10.1838
NAV IDCW: Rs 10.1832
Suitable For Which Investors?
This is a fund that invests mainly in shares of banks and financial services companies.
We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in flexi-cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.
But if you do invest, you must do so only through the SIP route.
Fund’s Investment Strategy:
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.
Fund Manager:
1) Anupam Tiwari
Education: Mr. Tiwari is a Chartered Accountant.
Experience: Prior to joining Groww Mutual Fund (formerly, Indiabulls Mutual Fund), he was associated with Axis Mutual Fund, Principal Mutual Fund (July 25, 2011-Sep 21, 2016), Reliance Life Insurance Ltd. (Sep 22, 2010-Jul 15, 2011) and Reliance MF (Mar 21, 2005-Sep 21, 2010).
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 30 days |
Basic Details of Groww Banking & Financial Services Fund
| Fund House | Groww Mutual Fund |
| Launch Date | 06-Feb-24 |
| Return Since Launch | 1.76% |
| Benchmark | NIFTY Financial Services TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 46 Cr |
| (As on 31-Jan-2025) | |
| Expense | 0.36% |
| (As on 31-Jan-2025) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 65.00% |
Trailing Returns (%) of Groww Banking & Financial Services Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Groww Banking & Financial Services Dir | -8.91 | 0.34 | -3.36 | -6.57 | -6.20 | 1.24 | — | — | — | — |
| BSE Bankex TRI | -2.71 | -0.50 | 0.26 | -2.51 | -2.97 | 6.08 | — | — | — | — |
| Equity: Sectoral-Banking | -3.76 | -0.07 | -1.20 | -2.70 | -3.33 | 6.48 | — | — | — | — |
| Rank within category | 33 | 6 | 29 | 32 | 27 | 23 | — | — | — | — |
| Number of funds in category | 33 | 34 | 33 | 32 | 30 | 25 | 16 | 12 | 11 | 8 |
Peer Comparison of Groww Banking & Financial Services Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Groww Banking & Financial Services Dir | Unrated | 1.24 | — | — | 0.36 | 46 | 1.76 | 1.00 (30) | 1Y | 65.00 |
| SBI Banking & Financial Services Dir | 4 star | 12.79 | 16.19 | 13.43 | 0.73 | 6,556 | 15.12 | 0.50 (30) | 9Y 11M | 140.00 |
| Nippon India Banking & Financial Srvices Dir | 4 star | 7.53 | 16.18 | 14.72 | 1.05 | 6,226 | 13.90 | 1.00 (30) | 12Y 1M | 24.00 |
| Sundaram Financial Services Opportunities Dir | 5 star | 4.35 | 17.36 | 15.21 | 0.85 | 1,386 | 13.71 | 0.50 (30) | 12Y 1M | 74.20 |
| Invesco India Financial Services Dir | 4 star | 9.42 | 17.55 | 14.44 | 0.87 | 1,126 | 15.54 | 1.00 (365) | 12Y 1M | 23.00 |
Portfolio Analysis of Groww Banking & Financial Services Fund
| No. of Stocks | 29 |
| Top 10 Stocks | 61.75% |
| Top 5 Stocks | 49.50% |
| Top 3 Sectors | 98.50% |
| Portfolio P/B Ratio | 2.70 |
| Portfolio P/E Ratio | 16.67 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 2,09,046 | 3,22,878 |
| Giant (%) | 51.75 | 65.72 |
| Large (%) | 21.88 | 19.32 |
| Mid (%) | 21.60 | 13.37 |
| Small (%) | 4.77 | 5.68 |
| Tiny (%) | — | — |
Chanakya’s Mutual Fund Guidance For Groww Banking & Financial Services Fund
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