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%.
Aakash Ashokkumar Chauhan
MBA in Finance
Prior to Joining Groww AMC, he was associated with Trust Mutual Fund, Mirae Asset Capital Markets (India) Pvt Ltd. & BP Wealth Pvt Ltd.
Common questions about this fund, answered from scheme data
The latest Net Asset Value (NAV) of Groww Nifty PSU Bank Index Fund is ₹9.61 as of 2026-10-09.
Groww Nifty PSU Bank Index Fund is classified as a Sectoral-Banking & Financial Services fund.
Groww Nifty PSU Bank Index Fund is managed by Groww Mutual Fund.
The Assets Under Management (AUM) of Groww Nifty PSU Bank Index Fund is ₹4.47 Cr.
The expense ratio of Groww Nifty PSU Bank Index Fund is 1.83%.
Groww Nifty PSU Bank Index Fund is managed by Aakash Ashokkumar Chauhan.
The minimum SIP investment for Groww Nifty PSU Bank Index Fund is ₹500.
As per the SEBI Riskometer, Groww Nifty PSU Bank Index Fund carries a Very High risk level.
Groww Nifty PSU Bank Index Fund has delivered 0% (1Y), 0% (3Y) and 0% (5Y) annualised returns as of 2026-10-09.
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.
