- Mutual Funds
- Groww Mutual Fund
- Groww Banking & Financial Services Fund Direct Growth
Groww Banking & Financial Services Fund Direct Plan Growth
₹ 10.61
NAV (Apr 11)
View Less
Groww Banking & Financial Services Fund Direct Growth Calculator
Investment Duration5 years
7,32,612
Total Investment96,151
Wealth Gained8,28,763
Total Corpus Created (₹)
With CAGR of 5.139 % in 5 yearsHistorical NAV
₹ 10.6082
NAV (Apr 11)
Fund Returns
Last 1Y | 2.4% |
Last 3Y | - |
Last 5Y | - |
Last 10Y | - |
Since Inception | 5.1% |
6 Month CAGR | -4.6% |
Scheme Information
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.
Expense Ratio | 0.36 % |
Launched 1Y ago | 2024-02-06 |
AUM in Crores | 49.3 |
ISIN | INF666M01HS1 |
Lock-in (days) | No Lock-in |
Benchmark | NIFTY Financial Services Total Return Index |
SIP Minimum | 1000 |
Lumpsum Min. | 5000 |
Standard Deviation | - |
Beta | - |
Sharpe Ratio | - |
Returns Calculator Comparison
of
for
with step up of
| Asset | Returns | Total Corpus | Gains | CAGR |
|---|---|---|---|---|
| Groww Banking & Financial Services Fund Direct (G) | 7,74,993 | 42,381 | 2.4% | |
| EPF | 9,00,761 | 1,68,149 | 8.50% | |
| Property | 8,67,662 | 1,35,050 | 7.00% | |
| PPF | 8,69,819 | 1,37,207 | 7.10% | |
| Bank FD | 8,46,471 | 1,13,859 | 6.00% | |
| Gold | 8,46,471 | 1,13,859 | 6.00% | |
| Savings Bank | 8,25,950 | 93,338 | 5.00% |
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.
Asset allocation and Holdings
Top Stock Holdings
HDFC Bank Ltd.
23.08%ICICI Bank Ltd.
20.6%State Bank of India
7.11%Kotak Mahindra Bank Ltd.
6.68%Axis Bank Ltd.
6.16%
Allocation by Sector
Financial
81.45%Services
10.32%Insurance
2.13%
Comparison with Equity Funds
| Fund Name | Fund Size | |
|---|---|---|
₹ 49,131 cr | ||
₹ 93,440 cr | ||
₹ 64,962 cr | ||
₹ 23,379 cr | ||
₹ 16,217 cr |
About the AMC
Groww Mutual Fund
| Fund Name | Scripbox Opinion | Till Date CAGR | |
|---|---|---|---|
11.4% | 12.5% | ||
6.9% | 6.8% | ||
6.9% | 7.7% | ||
13.6% | 11.5% | ||
6.8% | 6.8% |
Groww Banking & Financial Services Fund Direct Growth Calculator
Investment Duration5 years
7,32,612
Total Investment96,151
Wealth Gained8,28,763
Total Corpus Created (₹)
With CAGR of 5.139 % in 5 yearsFrequently Asked Questions
What is the expense ratio for Groww Banking & Financial Services Fund Direct Plan Growth?
What is the current AUM of Groww Banking & Financial Services Fund Direct Growth?
What is the latest NAV of Groww Banking & Financial Services Fund Direct Growth?
What is the Riskometer rating for Groww Banking & Financial Services Fund Direct Plan Growth?
Which are the top sector holdings in Groww Banking & Financial Services Fund Direct Plan?
Which are the top stock holdings in Groww Banking & Financial Services Fund Direct Plan?
What is the asset allocation of Groww Banking & Financial Services Fund Direct Plan Growth?
What has been the performance of Groww Banking & Financial Services Fund Direct Growth returns?
Does Groww Banking & Financial Services Fund Direct Growth have a lock-in period?
Can I invest in both SIP and lump sum options in Groww Banking & Financial Services Fund Direct Plan Growth?
How to invest in Groww Banking & Financial Services Fund Direct Growth?
How can I redeem my investment in Groww Banking & Financial Services Fund Direct Plan?