Groww Banking & Financial Services Fund
Groww Mutual Fund·Sectoral / Thematic·vs Nifty 500 TRI
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 | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Regular Growth | ₹11.9112 | +1.22% | -1.93% | -1.20% | +7.14% | — | — |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
34
Top 5 Weight
27.72%
Top 10 Weight
45.48%
Active Share
—
Large Cap
30.91%
Gini
0.254
What Changed2026-03-31 → 2026-04-30
Holdings: 34 → 35+2 added−1 removed27 weight shifts ≥ 0.1%
| 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