Groww Banking & Financial Services Fund Direct Growth

About Fund

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, insurance 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).

The Groww Banking & Financial Services Fund Direct Growth has an AUM of 68.56 crores & has delivered CAGR of 0.00 in the last 5 years. The fund has an exit load of 1.00% and an expense ratio of 0.93%. The minimum investment in Groww Banking & Financial Services Fund Direct Growth is Rs 500 and the minimum SIP is Rs 500.

As per morningstar the risk & return rating of the fund are Medium & Low respectively.

The fund has a present cash holding of %. The top holdings of the fund include ICICI Bank, State Bank of India, BSE, Multi Commodity Exchange Of India.

The major sectors where the fund is invested are Regional Banks, Consumer Financial Services, Investment Services, Insurance (Life).

Some of the similar funds are Taurus Banking & Financial Services Fund Direct Plan Growth Option, LIC MF Banking & Financial Services Fund Direct Growth, ITI Banking and Financial Services Fund Direct Growth, Helios Financial Services Fund Direct Growth, Groww Banking & Financial Services Fund Direct Growth. Groww Banking & Financial Services Fund Direct Growth has a sharpe ratio of 0.00 & a standard deviation of 0.00%.