HealthyDirect · GrowthFit for a long SIP
Groww Banking & Financial Services Fund
Groww Mutual FundEquity Schemes - Sectoral Fund2.7 years
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.
- NAV
- 12.1779
- 30 Oct 2026
- 1Y
- -1.6%
- Trailing CAGR
- AUM
- ₹83.19 Cr
- 31 Aug 2026
- Volatility
- High
- 16.2% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 30 Oct 2026
Stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
In three lines
Fits if · The fund beat the category median in 62% of rolling 1-year windows.
Buy checklist
History depth
Fail
2.7 years - thin for judging consistency.
Engine status
Pass
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Expense ratio
Pass
1.30% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -16.4%. Ask whether you can hold through a similar fall.
Vs category
n/a
Category relative read still thin.
Manager tenure
Watch
Hitesh Das · 0.1 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 41.6% of the portfolio.
Evidence supports a shortlist - confirm with peers before you buy elsewhere.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
Drawdown rehearsal
This scheme’s worst fall on file is about 16%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
If you start a SIP here, diary a 90-day check and an annual review - don’t react to every NAV print.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y-1.6%
- 3Yn/a
- 5Yn/a
- 10Yn/a
- SI+7.7%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-6.0%
- 3Yn/a
- 5Yn/a
- 10Yn/a
- Since inception
- +7.7%
- Calendar-day CAGR
- Excess 1Y
- +0.6%
- Category median, same plan and option
- 3Y win rate
- n/a
- Windows beating the median
- 3Y percentile
- n/a
- Vs comparable share classes
- SIP 3Y XIRR
- n/a
- Simulated monthly SIP
- Worst rolling 3Y
- n/a
- 0 daily-ending windows
- Median rolling 3Y
- n/a
- Calendar-day CAGR
- Positive rolling 5Y
- n/a
- 0 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -16.4%
- Worst peak-to-trough
- Current
- -12.9%
- Below last peak
- Current spell
- 65 days
- Days below latest peak
- Time below peak
- +89%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 12 days
- 36 recovered episodes
- Longest recovery
- 84 days
- Trough to prior peak
10 Dec 2024 – 26 May 2025
Trough 3 Mar 2025 · recovered in 84 days
-16.4%
18 Feb 2026 – 21 Apr 2026
Trough 31 Mar 2026 · recovered in 21 days
-14.3%
26 Aug 2026 – open
Trough 26 Oct 2026 · not recovered
-13.0%
23 Sept 2024 – 9 Dec 2024
Trough 13 Nov 2024 · recovered in 26 days
-7.4%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
19
Vs category
54
Consistency
62
Risk-adjusted
34
Drawdown
59
Mean
46
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Healthy
Buying stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Why this status
- No material deterioration, cost shock, or persistent category underperformance in the current evidence set.
Supporting reads
- The fund beat the category median in 62% of rolling 1-year windows.
Portfolio
31 Aug 2026 · 39 holdings · top 10 are 41.6%.
- Top 5
- 23.6%
- Top 10
- 41.6%
- Largest holding
- 6.6%
- Effective holdings
- 31.4
ICICI Bank Ltd
Financial
6.6%
Axis Bank Ltd
Financial
4.6%
Multi Commodity Exchange Of India Ltd
Financial
4.5%
CarTrade Tech Ltd
Consumer Discretionary
4.0%
HDFC Bank Ltd
Financial
4.0%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
WhiteOak Capital Pharma and Healthcare Fund
WhiteOak Capital Mutual Fund
- 1Y
- +19.5%
- 3Y
- n/a
- Vol
- 14.5%
- Max DD
- -15.4%
- Sharpe
- 1.08
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
BANDHAN TRANSPORTATION AND LOGISTICS FUND
Bandhan Mutual Fund
- 1Y
- -1.8%
- 3Y
- +17.2%
- Vol
- 14.7%
- Max DD
- -25.0%
- Sharpe
- 0.86
- 3Y win
- +85%
- Lower volatility
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Deeper drawdown
DSP Banking & Financial Services Fund
DSP Mutual Fund
- 1Y
- -0.5%
- 3Y
- n/a
- Vol
- 16.8%
- Max DD
- -14.7%
- Sharpe
- 0.46
- 3Y win
- n/a
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility
MahindraManulife Banking & Financial Services Fund
Mahindra Manulife Mutual Fund
- 1Y
- -3.3%
- 3Y
- n/a
- Vol
- 16.7%
- Max DD
- -15.7%
- Sharpe
- -0.20
- 3Y win
- n/a
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Higher volatility · Lower trailing returns
WhiteOak Capital Banking & Financial Services Fund
WhiteOak Capital Mutual Fund
- 1Y
- -6.0%
- 3Y
- n/a
- Vol
- 16.2%
- Max DD
- -16.2%
- Sharpe
- 0.23
- 3Y win
- n/a
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Higher volatility · Lower trailing returns