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.
Exit Load1.00%
Stamp duty on investment0.005% (from July 1st, 2020)
Tax implicationsIf you redeem within one year, your returns will be taxed at 20%. For redemptions after one year, returns exceeding ₹1.25 lakh in a financial year will be taxed at 12.5%.
Nikhil Satam
B. com, Masters in Finance.
Prior to joining Groww MF he was associated with Groww Invest Tech Private Ltd (formerly known as Nextbillion Technology Pvt. Ltd).
Common questions about this fund, answered from scheme data
The latest Net Asset Value (NAV) of Groww Banking & Financial Services Fund is ₹13.15 as of 2026-08-28.
Groww Banking & Financial Services Fund is classified as a Sectoral-Banking & Financial Services fund.
The Assets Under Management (AUM) of Groww Banking & Financial Services Fund is ₹83.19 Cr.
The expense ratio of Groww Banking & Financial Services Fund is 2.95%.
Groww Banking & Financial Services Fund is managed by Nikhil Satam.
The minimum SIP investment for Groww Banking & Financial Services Fund is ₹500.
The exit load for Groww Banking & Financial Services Fund is 1%.
As per the SEBI Riskometer, Groww Banking & Financial Services Fund carries a Very High risk level.
Groww Banking & Financial Services Fund has delivered 16.15% (1Y), 0% (3Y) and 0% (5Y) annualised returns as of 2026-08-28.
Groww Banking & Financial Services Fund was launched on 2008-04-10.
Open an account with Indiabulls Securities, complete your KYC, and invest via SIP or a one-time lumpsum through our platform.
A Systematic Investment Plan (SIP) lets you invest a fixed amount at regular intervals (e.g., monthly) instead of a single lumpsum.
There is no separate brokerage on mutual fund units. The AMC charges an expense ratio, which is already reflected in the NAV. An exit load may apply if you redeem before the specified period.
Mutual fund NAVs are declared once per business day after market close, in line with SEBI norms.
The FAQs above are generated from data provided by the AMC and are for educational purposes only. They do not constitute financial advice, buy/sell recommendations, or return guarantees. Mutual fund investments are subject to market risks — read all scheme-related documents carefully before investing. Past performance is not indicative of future returns.
