Groww Banking & Financial Services Fund - Regular Plan - IDCW - Payout
Groww Asset Management Ltd.
₹12.42 (+0.93%)
NAV as of 9 Oct 2026
Minimum Investment: ₹500
Return
6.90% Returns for 1Y
Expense ratio & Others
- Net expense ratio
- 2.31%
- Exit load
- 0%
- Lock-in
- No
- Minimum investment
- ₹500
- Category
- Sector - Financial Services
Expense ratio is inclusive of GST. Returns may be taxed based on the fund type and your holding period — please read the scheme-related documents and consult a tax advisor. Figures are historical and do not guarantee future results.
Fund Returns Estimator
One-time investment
₹1,000
6 months
₹1,073
Invested ₹1,000
▲+7.28%1 year
₹1,069
Invested ₹1,000
▲+6.90%
Based on the fund’s historic trailing returns — a planning illustration, not a guarantee of future results.
Invest One-TimePlan it your way
The figures above are fixed to this fund’s past returns over set periods. Use a calculator to set your own amount, tenure and expected rate of return.
Risk level
Riskometer scale
- Low
- Low to Moderate
- Moderate
- Moderate to High
- High
- Very HighThis fund
Riskometer level assigned by the fund house as per SEBI norms. It can change as the scheme’s portfolio changes.
Fund benchmark
| Primary Index Name | Nifty Financial Services TR INR |
|---|---|
| Secondary Index Name | Nifty Financial Services TR INR |
| Index Name | Nifty Financial Services TRI |
| Weighting | 100% |
Returns
| 1Y | 3Y | 5Y | 10Y | |
|---|---|---|---|---|
| Fund returns (%) | +6.90% | — | — | — |
| Cumulative returns (%) | +6.90% | — | — | — |
Fund Manager
| Manager | Nikhil Satam |
|---|---|
| Role | Manager |
| Manager Tenure | 0.19 yrs |
About Fund
| Date of Incorporation | 7 Feb 2024 |
|---|---|
| Fund House | Groww Asset Management Ltd. |
| Custodian | HDFC Bank Ltd |
| Registrar / Transfer Agent | Groww Asset Management Ltd. |
| Address | HDFC Bank House,Kamala Mills Compound,Senapati Bapat Marg,,Lower Parel (W), |
Top Holdings
Investment Strategy
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).
Looking for long-term capital appreciation, with an investment horizon of 5 - 10 years
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully. The data shown is for information only and does not constitute investment advice.