NAV on (22 Apr 2026 )
₹12.83 ▼
(-0.14%)
Fund Size
₹57.75 Crores
1Y Returns
12.79 %
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, nsurance 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.
Launch Date
January 17, 2024
Fund Manager
Mr. Anupam Tiwari
Initial Price
10
AUM Fund
57.75 Cr
Min investment
Rs 500
Expense Ratio
0.41%
Daily - Rs. 100/- and in multiples of Re.1/- thereafter. Minimum 180 installments.Weekly - Rs. 100/- and in multiples of Re.1/- thereafter. Minimum 24 installments.Monthly - Rs. 500/- and in multiples of Re.1/- thereafter. Minimum 12 installments.Quarterly - Rs. 500/- and in multiples of Re.1/- thereafter. Minimum 4 installments.
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.
1 Month
+12.60%
6 Months
+3.93%
1 Year
+12.79%
2 Years (CAGR)
+12.00%
3 Years (CAGR)
NA
5 Years (CAGR)
NA
| Equity / Mid Cap funds | 1Y | 3Y | Fund Size (Cr) |
|---|---|---|---|
| 35.05% | 0.00% | ₹239.4 | |
| 34.15% | 133.53% | ₹3670.36 | |
| 34.15% | 133.61% | ₹2148.17 | |
| 29.79% | 38.22% | ₹10.36 | |
| 27.70% | 23.26% | ₹6720.99 |
Q: What is the current NAV of Groww Banking & Financial Services Fund - Direct Plan - IDCW?
A: The latest NAV of Groww Banking & Financial Services Fund - Direct Plan - IDCW is ₹ 12.83 as on 22 Apr 2026.
Q: What type of mutual fund is Groww Banking & Financial Services Fund - Direct Plan - IDCW?
A: Groww Banking & Financial Services Fund - Direct Plan - IDCW is a 'Equity - Banking' type mutual fund managed by 'Groww Asset Management Ltd.'.
Q: What is the expense ratio of Groww Banking & Financial Services Fund - Direct Plan - IDCW?
A: The expense ratio of Groww Banking & Financial Services Fund - Direct Plan - IDCW is 0.41%, which impacts overall returns.
Q: Who manages Groww Banking & Financial Services Fund - Direct Plan - IDCW?
A: Groww Banking & Financial Services Fund - Direct Plan - IDCW is managed by Mr. Anupam Tiwari, who oversees investment strategy and portfolio decisions.
Q: Is Groww Banking & Financial Services Fund - Direct Plan - IDCW a good investment?
A: Groww Banking & Financial Services Fund - Direct Plan - IDCW may be suitable depending on your financial goals, risk appetite, and investment horizon. Always evaluate fund performance and consult a financial advisor.
Q: What is the exit load of Groww Banking & Financial Services Fund - Direct Plan - IDCW?
A: The exit load of Groww Banking & Financial Services Fund - Direct Plan - IDCW is 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., applicable if redeemed within the specified period.
Q: How is Groww Banking & Financial Services Fund - Direct Plan - IDCW taxed?
A: Taxation depends on the fund type (equity/debt) and holding period as per Indian tax laws.
© 2026 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback