Groww Banking & Financial Services Fund - Regular - Growth
💡 Why Pick This Fund? Quantitative Strengths & Watch-outs
- Generated +6.9% annualized alpha (excess return) over its benchmark.
- Downside capture of 120% indicates larger drops during broader market downturns.
- Expense ratio (3.15%) is higher than category median (2.52%), which creates fee drag over time.
Key Statistics vs Category Median
Trailing Returns Comparison
| Period | Fund Return | Category Median | Difference |
|---|---|---|---|
| 1 Month | +2.66% | +6.32% | -3.66% |
| 3 Months | -1.51% | -0.20% | -1.31% |
| 6 Months | +4.15% | +5.98% | -1.83% |
| 1 Year | +7.11% | +3.90% | +3.21% |
| Since Inception | +9.39% | - | - |
Calendar Year Returns
| Year | Fund | Category Median | Gap |
|---|---|---|---|
| 2026 | +6.61% | +4.03% | +2.58% |
| 2025 | +8.89% | +1.43% | +7.46% |
Daily Rolling Returns Summary
| Rolling Window | Minimum | Average | Median | Maximum | % Positive | % Beating Proxy |
|---|---|---|---|---|---|---|
| 1-Year Rolling | -4.93% | +8.35% | +8.36% | +25.35% | 91.2% | 88.2% |
Risk Profile & Deepest Drawdowns
Deepest Market Corrections (Depth >= 10%)
| Peak Date | Trough Date | Fall Depth | Months to Bottom | Recovery Period |
|---|---|---|---|---|
| 2024-12-10 | 2025-03-03 | -16.7% | 3 months | 3 months |
| 2026-02-18 | 2026-03-31 | -14.5% | 1 months | 1 months |
| 2026-08-26 | 2026-10-26 | -13.3% | 2 months | Not yet recovered |
Portfolio & Asset Allocation
Statutory Asset Allocation Mandate (SEBI / SID)
| Instrument Category | Permitted Allocation Range |
|---|---|
| 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% | Per Scheme Mandate |
Investment Objective & 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). 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
ℹ️ Detailed monthly stock-level holdings for this scheme are updated periodically from asset management company statutory disclosures.
Fund Size Position
Currently managing Rs 123 cr (AMFI Daily Fund AUM as of 2026-11-11). Positioned as too small relative to Sectoral / Thematic schemes.
Fund Management
Cost & Capital Gains Taxation
From April 2026 the total expense ratio includes brokerage, transaction costs and statutory levies on top of the base fee.
Equity-oriented schemes: 20% short-term capital gains tax if sold within 12 months; 12.5% long-term capital gains tax on gains exceeding ₹1.25 lakh per financial year when held for more than 12 months.
Closest Sectoral / Thematic Peers by Rank
| Scheme | Score | 3Y Return | Expense | Downside | Fund Size | Compare |
|---|---|---|---|---|---|---|
| HSBC Financial Services Fund | 5.7 | - | 2.37% | 114.7% | Rs 986 cr | Compare → |
| quant Commodities Fund | 4.4 | - | 3.01% | 82.9% | Rs 328 cr | Compare → |
| HDFC Manufacturing fund | 6.5 | - | 1.83% | 106.1% | Rs 10,608 cr | Compare → |
| Canara Robeco Manufacturing Fund | 5.4 | - | 2.29% | 107.2% | Rs 1,680 cr | Compare → |
| Mahindra Manulife Manufacturing Fund | 5.1 | - | 2.58% | 102.6% | Rs 657 cr | Compare → |
Frequently Asked Questions about Groww Banking & Financial Services Fund
What is the expense ratio of Groww Banking & Financial Services Fund?
Groww Banking & Financial Services Fund has a total expense ratio (TER) of 3.15% with a base expense ratio of 2.1%, compared to the Sectoral / Thematic category median of 2.52%.
Who manages Groww Banking & Financial Services Fund?
Groww Banking & Financial Services Fund is managed by Anupam Tiwari.
What are the historical returns of Groww Banking & Financial Services Fund?
Groww Banking & Financial Services Fund has a 1-year return of +7.11%.
How large is Groww Banking & Financial Services Fund?
Groww Banking & Financial Services Fund manages assets of Rs 123 cr, placing it in the 'too small' size band relative to Sectoral / Thematic peers.
How is Groww Banking & Financial Services Fund scored on MFIQ?
Groww Banking & Financial Services Fund holds an MFIQ Score of 4.3/10 (Weak), based on a category percentile composite across returns, risk, consistency, and cost.
How risky is Groww Banking & Financial Services Fund?
Groww Banking & Financial Services Fund has an official SEBI riskometer rating of Very High. Over the analyzed period, its annualized standard deviation is 18.50% with a maximum historical drawdown of -16.72%.