Groww Banking & Financial Services Fund
The fund maintains a concentrated bet on large-cap banks and financial intermediaries, with ICICI and SBI anchoring nearly 13 percent of the portfolio. The manager's recent swap of a health insurer for Kotak Mahindra Bank, combined with increased conviction in ICICI and Shriram Finance, signals confidence in traditional banking earnings amid moderating rate expectations. The lean 2.9 percent cash position suggests full deployment into the financial sector's cyclical upswing.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Regular Growth | ₹12.0370 | +0.22% | +6.36% | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Highly DifferentiatedActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Kotak Mahindra Bank Limited | 2.93% |
| The Jammu & Kashmir Bank Limited | 0.99% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | ICICI Bank Limited INE090A01021 | 7.50% |
| 2 | State Bank of India INE062A01020 | 5.76% |
| 3 | BSE Ltd INE118H01025 | 5.31% |
| 4 | Multi Commodity Exchange of India Ltd. INE745G01043 | 4.99% |
| 5 | Axis Bank Limited INE238A01034 | 4.16% |
| 6 | Bajaj Finance Limited INE296A01032 | 4.13% |
| 7 | Ujjivan Small Finance Bank Limited INE551W01018 | 3.75% |
| 8 | SBFC Finance Limited INE423Y01016 | 3.55% |
| 9 | L&T Finance Limited INE498L01015 | 3.17% |
| 10 | Aditya Birla Capital Limited INE674K01013 | 3.16% |
| 11 | INDIA SHELTER FIN CORP LTD INE922K01024 | 3.15% |
| 12 | Home First Finance Company India Limited INE481N01025 | 2.96% |
| 13 | Prudent Corporate Advisory Services Ltd INE00F201020 | 2.95% |
| 14 | Kotak Mahindra Bank Limited INE237A01036 | 2.93% |
| 15 | Net Receivable/Payable | 2.92% |
| 16 | The Federal Bank Limited INE171A01029 | 2.76% |
| 17 | Shriram Finance Limited INE721A01047 | 2.71% |
| 18 | PB Fintech Limited INE417T01026 | 2.49% |
| 19 | Union Bank of India INE692A01016 | 2.49% |
| 20 | Max Financial Services Limited INE180A01020 | 2.36% |
Sector Allocation
Frequently Asked Questions
How many stocks does Groww Banking & Financial Services Fund hold?
Groww Banking & Financial Services Fund holds 34 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 27.72% of NAV.
What is the largest holding in Groww Banking & Financial Services Fund?
The largest position in Groww Banking & Financial Services Fund is ICICI Bank Limited, accounting for 7.50% of NAV.
Is Groww Banking & Financial Services Fund a concentrated or diversified fund?
With a Gini coefficient of 0.254, Groww Banking & Financial Services Fund is well-diversified. The HHI concentration index is 34,283 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 27.72% of the portfolio.
What is the market cap allocation of Groww Banking & Financial Services Fund?
Based on SEBI's AMFI classification, Groww Banking & Financial Services Fund's equity portfolio is split as: Large Cap: 30.91%, Mid Cap: 21.53%, Small Cap: 34.50%. This reflects the fund's positioning within the market cap spectrum.
How actively managed is Groww Banking & Financial Services Fund compared to other Sectoral / Thematic funds?
Groww Banking & Financial Services Fund has an Active Share of 85.28%, classifying it as "Highly Differentiated" among 237 Sectoral / Thematic peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in Groww Banking & Financial Services Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Groww Banking & Financial Services Fund added 2 new stocks (including Kotak Mahindra Bank Limited) and exited 1 stock (including Niva Bupa Health Insurance Company Ltd.). Total holding count increased from 34 to 35 stocks.