| Launch date | 17 Jan 2024 |
| Allotment date | 07 Feb 2024 |
| End date | 31 Jan 2024 |
| NAV | ?10.00 |
Expense ratio, exit load and tax
Expense ratio: 1.16%
Inclusive of GST
Exit load
Exit load of 1%, if redeemed within 30 days.
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
If you redeem within one year, returns are taxed at 20%. If you redeem after one year, returns exceeding Rs 1.25 lakh in a financial year are taxed at 12.5%.
Minimum investment amounts
| Min. for 1st investment | ?500 |
| Min. for 2nd investment onwards | ?500 |
| Min. for SIP | ?500 |
Fund management
Anupam TiwariJan 2024 - PresentView details
Gagan TharejaJan 2026 - PresentView details
Saptarshee ChatterjeeFeb 2025 - PresentView details
Fund house & investment objective
| Rank (total assets) | #41 in India |
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| Total AUM | ?5,336.86Cr |
| Date of Incorporation | 10 Apr 2008 |
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Groww Banking & Financial Services Fund Direct Growth is a Equity Mutual Fund Scheme launched by Groww Mutual Fund. This scheme was made available to investors on 10 Apr 2008. Anupam Tiwari is the Current Fund Manager of Groww Banking & Financial Services Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ?5,337 Cr and the Latest NAV as of 18 Jun 2026 is ?13.07. The Groww Banking & Financial Services Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ?500. Minimum Lumpsum Investment is ?500. Exit load of 1%, if redeemed within 30 days. ;
Investment Objective
The scheme seeks 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. ;
| Fund benchmark | NIFTY Financial Services Total Return Index |
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