Groww Banking & Financial Services Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 21, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Groww Banking & Financial Services Fund Direct Growth Plan has a NAV of ₹13.8143 as of 18 Sep 2026 and scheme AUM of ₹90 Cr. Its 1-year, 3-year and 5-year returns are 14.19%, 0% and 0%, and the fund sits in the High Risk category. Our view is that the fund has shown a reasonable 1-year outcome, but the absence of longer track record data means the case rests more on the portfolio’s sector focus than on a long performance history.
With a Nifty 50 benchmark and a banking-and-financial-services mandate, it may suit investors who can handle sharp swings and are looking for a focused equity allocation rather than a broad market fund.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹13.8143 as of 18 Sep 2026 |
| AUM | ₹90 Cr |
| Expense Ratio | 0.36% |
| Launch Date | 06 Feb 2024 |
| Min SIP | ₹500 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Equity |
| Exit Load | 1% on or before 30D, Nil after 30D |
| Fund Managers | Anupam Tiwari, Saptarshee Chatterjee, Gagan Thareja, Nikhil Satam |
The fund is managed by Anupam Tiwari, Saptarshee Chatterjee, Gagan Thareja and Nikhil Satam.
Source data date: as of 18 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -0.17% | -3.73% |
| 3M | 4.41% | -3.14% |
| 1Y | 14.19% | -5.31% |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
The recent pattern is steadier than the benchmark. Over 1 month, the fund was nearly flat while the benchmark stayed weaker, and over 3 months the fund moved ahead clearly as the benchmark remained negative. That gap matters because it shows the fund has handled the latest phase better than the broad market reference.
The 1-year return is also positive, while the benchmark is negative over the same period. That tells us the fund has done better than the index in the recent cycle, even though the journey has not been smooth. The 1-year path shows a mix of drawdowns and recoveries rather than a straight line, which is consistent with a high-risk thematic equity fund.
Longer-term interpretation is limited because 3-year and 5-year figures are not available. In practice, that means investors do not yet have a long compounding record to judge how the strategy behaves across different market phases. Our view is that the fund’s present evidence base is more about recent resilience than about a tested long-run pattern.
Because the benchmark is a broad index and the fund is concentrated in financial services, its return pattern can diverge materially from the market. That difference has helped in the recent period, but it also means the outcome can change quickly if the sector cycle turns.
Source data date: as of 18 Sep 2026
Should you BUY or HOLD Groww Banking & Financial Services?
A fund’s past returns alone don’t tell you whether you should buy it today or continue holding it.
The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.
Already holding Groww Banking & Financial Services? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Groww Banking & Financial Services Fund Direct Growth Plan | 14.19% | Data not available | Data not available |
| ICICI Pru Strategic Metal and Energy Equity FoF Direct Growth Plan | 65.43% | 35.11% | Data not available |
| HDFC Pharma and Healthcare Fund Direct Growth Plan | 27.29% | Data not available | Data not available |
| Kotak Healthcare Fund Direct Growth Plan | 27.27% | Data not available | Data not available |
| Motilal Oswal Active Momentum Fund Direct Growth Plan | 25.8% | Data not available | Data not available |
| PGIM India Healthcare Fund Direct Growth Plan | 24.4% | Data not available | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
On the available 1-year numbers, the fund trails every peer listed here, even though it still outpaces the benchmark. That makes the recent result respectable in absolute market terms, but softer when set against other sector- or theme-oriented funds in the comparison set.
The longer horizon story is mixed but incomplete. One peer has a 3-year figure that is well ahead, while the others do not show 3-year data, so the current fund cannot be judged on a like-for-like long-term basis across the full group. For now, the peer set suggests that stronger short-term outcomes are available elsewhere, but the current fund has at least shown a clearer edge over its benchmark than over these peers.
Source data date: as of 18 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| ICICI Bank Limited | Bank | 6.57% |
| Axis Bank Limited | Bank | 4.59% |
| Multi Commodity Exchange of India Ltd. | Finance | 4.54% |
| Cartrade Tech Limited | Automobile & Ancillaries | 3.97% |
| HDFC Bank Limited | Bank | 3.96% |
| TREPS 01-Sep-2026 | Cash & Cash Equivalents and Net Assets | 3.87% |
| One 97 Communications Limited | IT | 3.74% |
| Ujjivan Small Finance Bank Limited | Bank | 3.64% |
| Shriram Finance Limited | Finance | 3.38% |
| Onemi Technology Solutions Limited | Domestic Equities | 3.33% |
The top 10 holdings account for approximately 41.59% of the portfolio.
To see all holdings, visit the Groww Banking & Financial Services Fund Direct Growth Plan page
The largest holding, ICICI Bank Limited, stands at 6.57%, which is meaningful but not overwhelming on its own. The gap from the largest holding to the tenth holding is not extreme, falling from 6.57% to 3.33%, so the portfolio does not appear to rely on a single oversized position.
Even so, the visible book is fairly focused. The top 10 holdings together account for 41.59% of the portfolio, and the remaining disclosed holdings are spread across 37 positions in total. That mix suggests a combination of core positions and a longer tail, which may help balance concentration while still keeping the portfolio tied to a financial-services theme.
Several of the largest positions are banks and finance names, so performance may remain sensitive to the sector cycle. That concentration could support stronger moves when the theme is in favour, but it also means the fund may not behave like a broad diversified equity fund.
Source data date: as of 18 Sep 2026
Who should invest
This fund is better suited to investors who are comfortable with High Risk equity exposure and can hold through uneven market phases. The 1-year result has been positive, but the lack of 3-year and 5-year return history means investors do not yet have a long record to judge consistency.
It may fit a longer horizon and a satellite-style allocation, especially for investors who want concentrated exposure to banking and financial services rather than a diversified market fund. The main trade-off is clear: the fund has recently held up better than the benchmark, but that advantage may not persist if the sector cycle weakens.
Tax and exit load
| Holding period | Tax rate | Description |
|---|---|---|
| Units held less than 1 year | 20% | Short-term capital gains tax |
| Units held more than 1 year | 12.5% | Long-term capital gains tax |
Exit load: 1% on or before 30D, Nil after 30D.
Source data date: as of 18 Sep 2026
Frequently asked questions
What is the current NAV of Groww Banking & Financial Services Fund Direct Growth Plan?
The current NAV is ₹13.8143 as of 18 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year return is 14.19%, while the 3-year and 5-year returns are Data not available.
How has it performed against the benchmark?
It has done better than the Nifty 50 over 1 month, 3 months and 1 year. The benchmark return is -3.73% over 1 month, -3.14% over 3 months and -5.31% over 1 year.
How does it compare with the peer funds shown here?
Its 1-year return is lower than the peer funds listed here, while one peer has a clearly stronger 3-year figure. The longer-term comparison is limited because most peer rows do not show 3-year or 5-year returns.
What is the minimum SIP amount?
The minimum SIP amount is ₹500.
What is the risk category and who manages the fund?
The fund is tagged High Risk. It is managed by Anupam Tiwari, Saptarshee Chatterjee, Gagan Thareja and Nikhil Satam.
Bottom line
Groww Banking & Financial Services Fund Direct Growth Plan has shown a better recent run than its benchmark, but its longer-term record is still not available. Against the peer list shown here, the 1-year return is softer, which makes the short-term picture less compelling than the benchmark-relative picture. The portfolio is focused on banks and finance names, so it may move more sharply with the sector cycle. That makes it more suitable for investors who want focused, high-risk equity exposure and can accept uneven outcomes over time.
Published on 21 September 2026 at 10:17 AM IST
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RIA disclosure
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.