Groww Banking & Financial Services Fund Direct Growth

Groww Banking & Financial Services Fund Direct Growth is a Equity Mutual Fund Scheme launched by Groww Mutual Fund. This scheme was made available to investors on 10 Apr 2008. The fund currently has an Asset Under Management(AUM) of ₹760 Cr and the Latest NAV as of 13 May 2024 is ₹10.22. The Groww Banking & Financial Services Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹100. Minimum Lumpsum Investment is ₹500. Exit load of 1%, if redeemed within 30 days. ;

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. ;