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.

Investment Approach

Groww Banking & Financial Services Fund - Direct Plan is mandated to invest at least 80 per cent of its assets in the shares of banks and financial services companies. The fund maintains a focused approach by concentrating investments primarily in the BFSI ecosystem to benefit from sector-specific growth drivers.

Key Investment Focus Areas:

- Banking institutions - both public and private sector banks

- Non-Banking Financial Companies (NBFCs)

- Insurance companies

- Asset management companies

- Capital market participants

- Fintech companies and emerging financial technology players

The predominant focus is on equity and equity-related securities in banking and financial services while also allowing up to 20% allocation to other sectors.

Fund Managers

Anupam Tiwari is the Current Fund Manager of Groww Banking & Financial Services Fund Direct Growth fund. Mr Anupam Tiwari brings 18 years of extensive experience in the Mutual Fund Industry, having served as an Equity Analyst at Reliance Mutual Fund for 5 years. He then held roles as an Equity Fund Manager at Reliance Life Insurance Company (10 months), Principal at PNB Asset Management Company (5.5 years), and Axis Asset Management Company (6.5 years) in his most recent assignment prior to joining Groww Mutual Fund.

Anupam Tiwari's Professional Journey:

- Equity Analyst at Reliance Mutual Fund (5 years)

- Equity Fund Manager at Reliance Life Insurance Company (10 months)

- Principal at PNB Asset Management Company (5.5 years)

- Senior role at Axis Asset Management Company (6.5 years)

- Current Fund Manager at Groww Mutual Fund

CFA Level 3, PGDM (Finance), BE (E.T.C.E) from Jadavpur University. Prior to joining Groww MF he was associated with Centrum Wealth Management Limited & Edelweiss Financial Services Limited.

About the Fund House (AMC)

Groww Mutual Fund, a leading fund house, is renowned for its innovative approach to delivering investment solutions. It specializes in a broad array of financial products tailored to meet the distinct needs and aspirations of its investors. The philosophy of Groww Mutual Fund is built upon the pillars of simplicity, transparency, consistent wealth creation, and customer centricity.

AMC Heritage & Foundation:

Groww Mutual Fund has been built by the same team as Groww, the seamless investment platform. Growwmf intends to meet the financial goals of the investors with a customer-first approach by offering a plethora of mutual fund products.

Groww Mutual Fund is sponsored by Billionbrains Garage Ventures Limited ("BGV"), a technology company offering its online web and app platforms to its subsidiaries and others financial entities to in turn offer a bouquets of financial products including investments in stocks and mutual funds, UPI payments, bill payments and extension of credit.

Investment Philosophy:

Groww Mutual Fund is no different ; our aim is to create steady, long term wealth for you by balancing risks and returns. They are focused on identifying investment opportunities where high growth aligns with robust fundamentals.

Fund Portfolio:

Operating under the trusteeship of Groww Trustee Limited and sponsored by Groww Invest Tech Pvt Ltd, Groww Mutual Fund offers a diverse portfolio. The portfolio encompasses a wide range of investment schemes, including equity funds, hybrid funds, debt funds, and ETFs.

Key Financial Metrics (as of 19 Aug 2025):

- The fund currently has an Asset Under Management(AUM) of ₹2,244 Cr and the Latest NAV as of 19 Aug 2025 is ₹12.03.

- The expense ratio of Groww Banking & Financial Services Fund - Direct Plan is 0.36.

- It has delivered 1.99% returns since inception.

Should I Invest in Groww Banking & Financial Services Fund?

This fund is suitable for investors with the following profile:

Ideal Investor Profile:

- Looking for long-term capital appreciation, with an investment horizon of 5 - 10 years • Seeking investments predominantly in equity and equity-related instruments of the companies engaged in the financial services sector • Looking to benefit from growth opportunities and the potential of companies engaged in banking and financial services and other related sectors • Seeking investing opportunities across multiple BFSI sub-sectors • Having a slightly higher risk appetite • Those who already have a well-diversified portfolio, and are looking for some amount of concentration for the potential of outsized returns

Investment Considerations:

The Groww Banking & Financial Services Fund Direct Growth is rated Very High risk. Warning: Do not invest in this, or any other banking sector fund, if you need to redeem your investment in less than seven years.

Minimum Investment Requirements:

- Minimum SIP Investment is set to ₹500.

- Minimum Lumpsum Investment is ₹500.

- Exit load of 1%, if redeemed within 30 days.

Growth Potential:

Improving GDP is a sign reflecting this sector's potential to thrive. Building wealth for the long run is one of the primary objectives of this mutual fund. With India's BFSI sector showing potential for growth, it seems to be a good time to invest in a BFSI fund.

FAQs

What is today's NAV of Groww Banking & Financial Services Fund?

The NAV changes daily based on market movements. You can check the latest NAV on the Allvest platform or the fund's official website for real-time updates.

What is the AUM of Groww Banking & Financial Services Fund?

As of 19 Aug 2025, the fund has an AUM of ₹2,244 Cr, making it a moderately sized sectoral fund focusing on banking and financial services.

What is the expense ratio of Groww Banking & Financial Services Fund?

The expense ratio for the direct plan is 0.36%, which is competitive for an actively managed sectoral equity fund.

What are the returns of Groww Banking & Financial Services Fund since inception?

The fund has delivered 1.99% returns since inception. Being a relatively new fund launched in 2024, longer-term performance data is still developing.

What is the minimum SIP amount to invest in Groww Banking & Financial Services Fund?

The minimum SIP amount is ₹500 per month, making it accessible for regular investors seeking exposure to the BFSI sector.

How do I invest in Groww Banking & Financial Services Fund?

You can invest through Allvest's platform by completing your KYC, selecting the fund, choosing between SIP or lump sum, and making the payment online.

How to start a SIP in Groww Banking & Financial Services Fund?

Login to Allvest, search for the fund, select 'Start SIP', choose your monthly amount (minimum ₹500), set the date, and authorize the auto-debit.

How do I automate an SIP in Groww Banking & Financial Services Fund?

After starting your SIP on Allvest, provide an auto-debit mandate for your bank account to ensure automatic monthly deductions on your chosen date.

How can I withdraw/redeem my investment in Groww Banking & Financial Services Fund?

You can redeem through Allvest by selecting the fund, choosing partial or full redemption, and submitting the request. Note the 1% exit load if redeemed within 30 days.