Groww Banking & Financial Services Fund
Groww Mutual Fund · Sectoral/Thematic · Regular plan, growth option
| Period | Scheme | Category median | Banking & financial services median |
|---|---|---|---|
| 1 month | -4.8% | -5.4% | -6.2% |
| 3 months | -3.2% | -3.1% | -6.7% |
| 6 months | 14.5% | 8.5% | 5.9% |
| Year to date | 3.5% | -2.6% | -6.9% |
| 1 year | 7.6% | 0.0% | -1.0% |
| 3 years (CAGR) | n/a | 11.7% | 9.5% |
| 5 years (CAGR) | n/a | 10.6% | 9.6% |
| 7 years (CAGR) | n/a | 15.7% | 11.2% |
| 10 years (CAGR) | n/a | 13.3% | 11.0% |
| Since first NAV (CAGR) | 8.6% | – | – |
“Banking & financial services” is MFIC's grouping of Sectoral/Thematic schemes by the theme or index in their names, not an AMFI category.
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 8.6% | 9.8% |
| 3Y rolling median | n/a | 15.6% |
| 3Y rolling worst | n/a | 0.6% |
| 3Y periods positive | n/a | 100% |
| 3Y periods ahead of benchmark | n/a | 71% |
| 5Y rolling median | n/a | 14.2% |
| 5Y rolling worst | n/a | 0.3% |
| 5Y periods ahead of benchmark | n/a | 70% |
Benchmark: Nifty 500 (proxy: Motilal Oswal Nifty 500 Index Fund, price return).
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | n/a | 16.7% |
| Sharpe ratio | n/a | 0.34 |
| Sortino ratio | n/a | 0.51 |
| Beta | n/a | 0.96 |
| Alpha (ann.) | n/a | 2.3% |
| Upside capture | n/a | 103.56 |
| Downside capture | n/a | 96.87 |
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −16.7% | −23.7% |
| Maximum drawdown, last 10Y | n/a | −39.3% |
| Maximum drawdown, last 5Y | n/a | −22.8% |
| Current drawdown | −7.0% | −8.8% |
| Recovery time of worst fall | 91 days | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
This scheme invests mainly in the markets below, which are also close to how many of them are benchmarked. Where those markets stand today:
- P/E 12.9: higher than 3% of days since 2023 (median 14.9)
- 1Y −1.2% · 3Y +7.5% p.a. · 5Y +8.5% p.a. (index fund NAV, after costs)
- −11.5% from its 52-week high
- P/E 15.1: higher than 0% of days since 2023 (median 17.1)
- 1Y −6.9% · 3Y n/a p.a. · 5Y n/a p.a. (index fund NAV, after costs)
- −13.7% from its 52-week high (proxy NAV)
- P/E 16.5: higher than 38% of days since 2023 (median 17.0)
- 1Y −1.1% · 3Y n/a p.a. · 5Y n/a p.a. (index fund NAV, after costs)
- −8.5% from its 52-week high (proxy NAV)
- P/E 7.2: higher than 19% of days since 2023 (median 8.0)
- 1Y +6.1% · 3Y +14.9% p.a. · 5Y +26.6% p.a. (index fund NAV, after costs)
- −19.7% from its 52-week high
Index levels and P/E: NSE daily index closing values; gold and silver: IBJA rates; returns: growth NAV of an index fund or ETF tracking the market (AMFI), so they are after that fund's costs. Context only: a market's level or valuation does not tell you how any scheme will perform. Explore all markets.
The Regular plan's expense ratio is 3.03% a year and the Direct plan's 1.30%, a gap of 1.73%. On a ₹25,000 monthly SIP for 20 years (illustration at 12% a year before costs) the gap adds up to about ₹36,41,798.
With the Regular plan, that cost pays a distributor to help you plan, choose and review funds, and stay invested when markets fall. Whether it is worth it depends on how much of that you will do yourself.
TER: AMFI TER disclosure. Returns: AMFI NAVs. Illustration, not a guaranteed saving or return.
- 1 Oct 2026: TER increased from 2.99% to 3.03% (AMFI TER disclosure)
- 5 Sep 2026: TER increased from 2.98% to 2.99% (AMFI TER disclosure)
| Fund manager | Role | Managing since |
|---|---|---|
| Anupam Tiwari | n/a | |
| Saptarshee Chatterjee | 24 Feb 2025 | |
| Nikhil Satam (Fund Manager | Equity Segment | n/a |
| amp | n/a | |
| Dealer | n/a |
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Regular plan | 3.03% | 2.38% |
| AUM, whole scheme (₹ crore) | 107 | 1,245 |
| Riskometer | Very High | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | 9.5% | -4.4% TRI |
Official benchmark: Nifty Financial Services TRI (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Sectoral/Thematic Regular plans; how it is calculated.
| Year | Scheme | Nifty 500 proxy | Difference |
|---|---|---|---|
| 2026 YTD | 3.5% | -7.8% | +11.3% |
| 2025 | 8.9% | 7.7% | +1.2% |
Benchmark proxy: Motilal Oswal Nifty 500 Index Fund (Direct plan NAV, price return), which carries its own costs. The first year starts from the first 31 December in the scheme's history.
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,23,690 | 5.7% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| Helios Financial Services Fund | Sectoral/Thematic | 0.97 | n/a |
| WhiteOak Capital Banking & Financial Services Fund | Sectoral/Thematic | 0.96 | n/a |
| Bandhan Business Cycle Fund | Sectoral/Thematic | 0.96 | n/a |
| Invesco India Financial Services Fund | Sectoral/Thematic | 0.96 | 14.1% |
| Kotak Banking and Financial Services Fund | Sectoral/Thematic | 0.95 | 9.2% |
| BANDHAN FINANCIAL SERVICES FUND | Sectoral/Thematic | 0.95 | 11.7% |
- What is the latest NAV of Groww Banking & Financial Services Fund?
- The NAV of the Regular plan (growth option) was ₹12.3800 on 1 Oct 2026, as published by AMFI.
- Which category is Groww Banking & Financial Services Fund in?
- It is classified as Sectoral/Thematic in AMFI's daily NAV file; a Sectoral/Thematic scheme invests at least 80% in one sector or theme. MFIC compares it with 259 Sectoral/Thematic schemes (Regular plans).
- What was the largest fall in Groww Banking & Financial Services Fund's NAV?
- The largest peak-to-trough fall in its available history was 16.7%.
- What is the expense ratio (TER) of Groww Banking & Financial Services Fund?
- The total expense ratio of the Regular plan is 3.03% a year, as disclosed to AMFI (median of Sectoral/Thematic Regular plans: 2.38%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is Groww Banking & Financial Services Fund?
- Assets under management of the whole scheme were ₹107 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of Groww Banking & Financial Services Fund?
- AMFI lists the scheme's riskometer as “Very High”, and its benchmark's as “Very High”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- Who manages Groww Banking & Financial Services Fund?
- According to its Scheme Summary Document, Groww Banking & Financial Services Fund is managed by Anupam Tiwari, Saptarshee Chatterjee (since 24 Feb 2025), Nikhil Satam (Fund Manager, amp, Dealer.
- What is the exit load of Groww Banking & Financial Services Fund?
- As stated in its scheme documents: • For redemption / switch-out of units on or before 30 days from the date of allotment: 1.00% of applicable NAV • For redemption / switch-out of units after 30 days from the date of allotment: Nil Check the latest Scheme Information Document before investing, as loads can change.
- What is the minimum investment in Groww Banking & Financial Services Fund?
- The minimum application amount is ₹500. SIP details: SIP - 100, 100,500,500 STP - 500, 500, 500, 500 SWP - 500, 1500.
- What is the difference between the Direct and Regular plans?
- Both plans hold the same portfolio; the Regular plan includes distribution costs in its expense ratio. Over one year the Direct plan's NAV changed by 9.7% and the Regular plan's by 7.6%. The Regular plan includes the services of a distributor.
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