Groww Banking & Financial Services Fund-Dir (IDCW)

100
Min SIP
500
Min Lumpsum
- %
Expense Ratio
Rating
-
Fund Size (in Cr)
3 Weeks
Fund Age
Mutual Fund SIP Calculator
Monthly Investment
Max: ₹1,00,000
Investment Period
Yrs
Max: 1 yrs
  • Invested Amount
    --
  • Wealth Gained
    --
  • Expected Amount
    --

Scheme Performance

Returns and Ranks ( as on 28 February 2024 )
1Y1Y 3Y3Y 5Y5Y MaxMax
Trailing Returns - - - 0%
Category Average 14.2% 8.4% 13.3% -

Scheme Allocation

By Holding
By Sector
By Asset
16.57%
15.26%
3.76%
Others
54.35%
View all Holdings
Holdings Sector Instrument Asset
ICICI Bank Banks Equity 16.57%
HDFC Bank Banks Equity 15.26%
St Bk of India Banks Equity 6.52%
Axis Bank Banks Equity 3.76%
SBI Life Insuran Insurance Equity 3.54%
Bajaj Finance Finance Equity 2.99%
HDFC AMC Finance Equity 2.81%
CSB Bank Banks Equity 2.48%
Five-Star Bus.Fi Finance Equity 2.05%
Can Fin Homes Finance Equity 2%
MAS FINANC SER Finance Equity 1.99%
Ujjivan Fin.Ser. Finance Equity 1.55%
CreditAcc. Gram. Finance Equity 1.49%
IndusInd Bank Banks Equity 1.46%
Fusion Microfin. Finance Equity 0.98%
Prudent Corp. Finance Equity 0.97%
Max Financial Finance Equity 0.8%
REC Ltd Finance Equity 0.74%
Others
100%
View all Sectors
Sectors Asset
Equity
67.96%
Reverse Repos
31.85%
Net Curr Ass/Net Receivables
0.18%
Others
0.01%

Advance Ratio

-
Alpha
-
SD
-
Beta
-
Sharpe

Exit Load

Exit Load Nil

Fund Objective

The primary investment objective of the scheme is 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. (This includes companies benefiting from or contributing to the growth of the banking and financial services sector). However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.

Fund Managers

Anupam Tiwari - Funds and Content Listing - Fund Manager

With 14 years of work experience, Mr Anupam Tiwari handles Funds and Content Listing at Axis Mutual Fund. His current designation is Fund Manager of Equity, Axis Asset Management Ltd. He joined Axis AMC in October 2016. Before joining Axis AMC, he worked with Principal PNB Mutual Fund and Reliance Life Insurance Company Limited as Equity Fund Manager and Reliance Capital Asset Management Company Limited as Senior Equity Analyst. Mr Tiwari is a Chartered Accountant (Financial Management, Accounting, Auditing, Taxation) from The Institute of Chartered Accountants of India. His areas of expertise include equities, portfolio management, valuation, etc.

Mr Anupam Tiwari manages four (4) schemes at Axis Mutual Fund, including Axis Small Cap Fund and Axis Equity Saver Fund.

Risk-O-Meter

Peer Comparison

Fund Name

AMC Contact Details

Groww Mutual Fund
AUM:
438 Cr
Address:
Floor 12 A, Tower 2 A, One World Center, Jupiter Mills Compound Senapati Bapat Marg, Mumbai - 400013
Contact:
022-69744435
Email ID:
iro@growwmf.in

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equity
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Frequently Asked Questions

How to invest in Groww Banking & Financial Services Fund-Dir (IDCW) ?

You can invest in Groww Banking & Financial Services Fund-Dir (IDCW) in a quick and simple process. Follow the below steps;
  • Login to your 5paisa account, Go to the Mutual Funds section.
  • Search for Groww Banking & Financial Services Fund-Dir (IDCW) in the search box.
  • Click on "Start SIP" if you wish to do a SIP or click on “One-time” if you wish to invest a lumpsum amount then click on "Invest Now"

What is the NAV of Groww Banking & Financial Services Fund-Dir (IDCW) ?

The NAV of Groww Banking & Financial Services Fund-Dir (IDCW) is ₹9.9 as of 28 February 2024.

What is the AUM of Groww Banking & Financial Services Fund-Dir (IDCW)?

The AUM of Groww Banking & Financial Services Fund-Dir (IDCW) is ₹438 Cr as of 28 February 2024

What are the top stock holdings of Groww Banking & Financial Services Fund-Dir (IDCW)?

The top stock holdings of Groww Banking & Financial Services Fund-Dir (IDCW) are
  1. ICICI Bank - 16.57%
  2. HDFC Bank - 15.26%
  3. St Bk of India - 6.52%
  4. Axis Bank - 3.76%
  5. SBI Life Insuran - 3.54%

Can I make investments in both the SIP and Lump Sum schemes of Groww Banking & Financial Services Fund-Dir (IDCW)?

Yes, You can select both SIP or Lumpsum investment of Groww Banking & Financial Services Fund-Dir (IDCW) based on your investment objective and risk tolerance.

How much returns have Groww Banking & Financial Services Fund-Dir (IDCW) generated ?

The Groww Banking & Financial Services Fund-Dir (IDCW) has delivered 0% since inception

How to redeem Groww Banking & Financial Services Fund-Dir (IDCW) holding ?

You can go to your holding on the app and click on the fund name you will get two options Invest More and Redeem; click on redeem and enter the amount or units you desire to redeem or you can tick on “Redeem all units”.

What is the minimum sip amount of Groww Banking & Financial Services Fund-Dir (IDCW)?

The minimum SIP amount of Groww Banking & Financial Services Fund-Dir (IDCW) is ₹100

How can I redeem my investments in Groww Banking & Financial Services Fund-Dir (IDCW)?

Step 1: Visit the fund house's website
Step 2: Log in to your account by adding Folio No. and M-Pin
Step 3: Click on Widhrawal > Redemption
Step 4: Select Groww Banking & Financial Services Fund-Dir (IDCW) in Scheme, enter the redemption amount, and click on submit button.
Invest Now