GMP IPO Watch
Groww Banking & Financial Services Fund
Direct Plan · Growth · Groww Mutual Fund
Returns
Annualised (CAGR) returns for periods over a year.
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Rank in Category
| Period | This Fund | Category Avg. | Rank |
|---|---|---|---|
| 1W | +2.67% | +3.52% | 213 of 255 |
| 1M | -3.48% | +1.97% | 247 of 255 |
| 3M | -7.38% | -3.45% | 235 of 252 |
| 6M | -0.43% | +2.92% | 167 of 251 |
| YTD | +1.09% | +1.21% | 110 of 255 |
| 1Y | +1.74% | +1.11% | 94 of 232 |
| 2Y | +6.29% | +2.39% | 44 of 187 |
| INCEPTION | +8.89% | — | — |
Ranked among: Equity Scheme - Sectoral/ Thematic.
Rolling Returns
| Period | Average | Best | Worst | Positive Periods | Consistency |
|---|---|---|---|---|---|
| 3M | +3.17% | +21.90% | -15.40% | 71% | 28% |
| 6M | +5.79% | +25.11% | -11.92% | 81% | 33% |
| 1Y | +10.53% | +27.81% | -3.05% | 96% | 41% |
| 2Y | +9.92% | +13.65% | +4.04% | 100% | 43% |
Rolling returns show the average, best and worst outcome an investor would have seen entering at any point in the window.
NAV History
AUM Trend (₹ Cr, quarterly average)
Expense Ratio Trend
Portfolio · Sep 2026
Asset Allocation
- Equity95.18%
- Debt0.00%
- Cash4.81%
- Other0.01%
Market Cap Split
- Large Cap20.22%
- Mid Cap26.04%
- Small Cap48.92%
- Others4.82%
Fundamentals
| Fund | Category | |
|---|---|---|
| P/E | 22.64 | 17.84 |
| P/B | 2.97 | 2.31 |
| Price / Sales | 4.48 | 3.91 |
| Dividend Yield (%) | 0.62 | 1.13 |
Holdings · Sep 2026
| Holding | Sector | Weight | Change (1M) |
|---|---|---|---|
| Kotak Bank | Banks | 4.63% | — |
| Axis Bank | Banks | 4.46% | -0.13% |
| TREPS 01-OCT-2026 | Reverse Repo / TREPS | 4.34% | — |
| MCX | Capital Markets | 4.21% | -0.33% |
| CarTrade Tech | Retailing | 4.18% | +0.21% |
| Ujjivan Small Finance Bank | Banks | 4.00% | +0.36% |
| Manipal Payment and Identity Solutions | Financial Technology (Fintech) | 3.78% | — |
| OnEMI Technology Solutions | Finance | 3.62% | +0.29% |
| One 97 Communications | Financial Technology (Fintech) | 3.10% | -0.64% |
| Shriram Finance | Finance | 2.99% | -0.39% |
| RBL Bank | Banks | 2.92% | -0.33% |
| Piramal Finance | Finance | 2.92% | -0.21% |
| State Bank of India | Banks | 2.92% | — |
| Prudent Corporate Advisory Services | Capital Markets | 2.91% | +0.00% |
| ICICI Prudential Asset Management | Capital Markets | 2.71% | -0.20% |
View all 43 holdings
| Pine Labs | Financial Technology (Fintech) | 2.70% | +0.29% |
| Nuvama Wealth Management | Capital Markets | 2.68% | +0.58% |
| Bajaj Finance | Finance | 2.51% | -0.75% |
| Aditya Birla Capital | Finance | 2.49% | -0.29% |
| Tamilnad Mercantile Bank | Banks | 2.27% | +0.67% |
| L&T Finance | Finance | 2.15% | -0.46% |
| Gaja Alternative Asset Management | Capital Markets | 2.15% | +0.06% |
| SBFC Finance | Finance | 2.11% | -0.77% |
| AU Small Finance Bank | Banks | 2.10% | -0.56% |
| Aye Finance | Finance | 2.08% | +0.39% |
| Angel One | Capital Markets | 1.97% | +0.36% |
| Max Financial Services | Insurance | 1.91% | +0.14% |
| Home First Finance Company | Finance | 1.81% | -0.44% |
| Indusind Bank | Banks | 1.76% | -0.58% |
| PB FinTech | Financial Technology (Fintech) | 1.70% | -1.01% |
| India Shelter Finance | Finance | 1.59% | -0.33% |
| Canara HSBC Life Insurance Company | Insurance | 1.54% | +0.60% |
| Motilal Oswal Financial Services | Capital Markets | 1.43% | — |
| Arman Financial Services | Finance | 1.36% | — |
| City Union Bank | Banks | 1.34% | -0.27% |
| Nippon Life India AMC | Capital Markets | 1.26% | -0.37% |
| Jammu & Kashmir Bank | Banks | 1.21% | -0.31% |
| Karur Vysya Bank | Banks | 1.10% | -0.29% |
| Credit Access Grameen | Finance | 0.92% | +0.12% |
| Asset Reconstruction Company | Finance | 0.68% | — |
| SBI Funds Management | Capital Markets | 0.64% | -0.20% |
| Net Receivable/Payable | Net Current Assets | 0.47% | — |
| Nykaa | Retailing | 0.37% | -0.10% |
Sector Allocation · Sep 2026
Risk Metrics
Standard Deviation
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 18.14 | 16.32 | High Volatility |
What is this?
Annualized population standard deviation of daily denomination-adjusted NAV returns, multiplied by sqrt(252). Values require a full timeframe of NAV history.
Sharpe Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | -0.20 | -0.32 | Above Average |
| 3Y | 0.20 | -0.45 | Above Average |
What is this?
Annualized Sharpe ratio calculated from month-end NAV returns using the latest available FBIL Overnight MIBOR rate as the risk-free rate. For schemes with less than three years of history, the 3Y value uses since-inception data. Applied risk-free rate: 5.73% (published 2026-10-28).
Sortino Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 0.26 | 0.19 | Above Average |
What is this?
Annualized from daily NAV returns using a 0.00% minimum acceptable return; downside deviation includes only returns below this target.
Beta
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 0.93 | 1.02 | Good Risk Adjusted Returns |
What is this?
This value gives idea about how volatile fund performance has been compared to similar funds in the market. Lower beta implies the fund gives more predictable performance compared to similar funds in the market.
Compare With Peers
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
|
Nippon India Taiwan Equity Fund
Regular Plan · IDCW option
|
+59.64% | +47.37% | — | +23.17% |
|
HDFC Pharma and Healthcare Fund
Direct Plan · IDCW Option
|
+25.51% | +31.04% | — | +30.18% |
|
Kotak Healthcare Fund
Regular Plan · IDCW Option
|
+23.57% | — | — | +20.10% |
|
SBI Automotive Opportunities Fund
Direct Plan · IDCW
|
+22.37% | — | — | +11.34% |
|
Mirae Asset Healthcare Fund
Direct Plan · Growth
|
+21.28% | +24.36% | +16.89% | +22.00% |
|
ICICI Prudential US Bluechip Equity Fund
Regular Plan · IDCW
|
+20.32% | +18.33% | +12.09% | +15.77% |
|
PGIM India Healthcare Fund
Direct Plan · Direct IDCW
|
+20.03% | — | — | +11.89% |
|
Nippon India Japan Equity Fund
Regular Plan · Bonus Option
|
+18.89% | +19.86% | +8.28% | +8.45% |
|
HDFC Defence Fund
Regular Plan · IDCW Option
|
+18.80% | +34.56% | — | +36.67% |
|
HSBC India Export Opportunities Fund
Direct Plan · Growth
|
+18.74% | — | — | +9.24% |
More From Groww Asset Management Limited
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
|
Groww Silver ETF FOF
Direct Plan · Growth
|
+26.23% | — | — | +50.43% |
| Groww Silver ETF | +25.92% | — | — | +52.98% |
| Groww Gold ETF | +16.55% | — | — | +31.81% |
|
Groww Gold ETF FOF
Direct Plan · Income Distribution cum capital withdrawal
|
+16.22% | — | — | +32.72% |
| Groww Nifty India Defence ETF | +13.88% | — | — | +15.87% |
|
Groww Multicap Fund
Direct Plan · Growth
|
+13.63% | — | — | +11.87% |
|
Groww Nifty India Defence ETF FOF
Direct Plan · Income Distribution cum capital withdrawal
|
+13.49% | — | — | +15.40% |
|
Groww Liquid Fund
Direct Plan · Growth
|
+6.51% | +6.94% | +6.35% | +6.80% |
| Groww BSE Power ETF | +5.38% | — | — | +7.01% |
|
Groww Short Term Fund
Direct Plan · Growth
|
+5.27% | +7.50% | +6.27% | +7.46% |
About This Scheme
Investment 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
Stated Asset Allocation
Equity and equity related instruments of companies engaged in financial services sector - 80% to 100% Other Equity & Equity related instruments - 0% to 20% Debt & Money market instruments - 0% to 20 % Units of REIT'S & INVIT'S - 0% to 10%
Exit Load
• 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
Fund Managers
Mr. Anupam Tiwari (Head of Equity), Mr. Saptarshee Chatterjee (Fund Manager – Equity), Mr. Nikhil Satam (Fund Manager & Dealer - Equity), Mr. Hitesh Das (Fund Manager)
Comanage (Equity Segment) , Assistant Fund Manager (Equity Segment), Comanage (Equity Segment), Comanage (Fund Manager)
Mutual fund investments are subject to market risks. Read all scheme related documents carefully. Past performance is not indicative of future returns. Data is sourced from AMFI and fund houses via FinAPI and may lag official figures.