Fundalysisby DARKHORSESTOCKS

Scheme

IB19 Groww Banking Financial Services Fund

Holds 41 companies worth ₹102 Cr in Sept 2026.

  • Fund house

    GROWWThe fund house that runs this scheme.

  • AUM

    ₹107 CrIB19 Groww Banking Financial Services Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Up 17.9% on Aug 2026, ₹90.5 Cr.

  • Largest holding

    Kotak Mahindra Bank LimitedKotak Mahindra Bank Limited is 4.6% of this scheme's NAV.

  • Fund manager

    Anupam TiwariRuns its co-manager part since 7 Feb 2024, as the fund house dates it. With Saptarshee Chatterjee (co-manager), Nikhil Satam (co-manager).

Overview(7 Oct 2026)

Fund managers3

  1. Anupam TiwariCo-manager, equity · Feb 2024 · 21y · CA
  2. Saptarshee ChatterjeeCo-manager, equity · Feb 2025 · 11y · PGDM B.E.
  3. Nikhil SatamCo-manager, equity · Jul 2026 · 11y · B.Com
  1. Gagan TharejaJan 2026 – Sept 2026

Key facts

Benchmark
Nifty Financial Services - Total Return Index
Risk
Very High
Expense
Regular 3.03% · Direct 1.3%
Exit load
1% within 30 days
Started
7 Feb 2024
Minimum
₹500

Source.Its Scheme Summary Document as of 7 Oct 2026 at AMFI.

What changed(12 changes)

Sept 2026

1 change
  1. Gagan Thareja left
    30 Septran it as co-manager (equity) from Jan 2026

Aug 2026

1 change
  1. Expense ratio
    30 AugRegular 3.05% → 2.99%Direct 1.19% → 1.26%

Jul 2026

2 changes
  1. Nikhil Satam joined
    31 Julas co-manager (equity)
  2. Expense ratio
    31 JulRegular 3.01% → 3.05%Direct 1.15% → 1.19%

Source.Its filings at NSE, since Aug 2024.

Fund managers over time(Feb 2024 – now)

  1. Anupam Tiwari
  2. Saptarshee Chatterjee
  3. Nikhil Satam
  4. Gagan Thareja
MainCoSlice20252026
Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs(Feb 2025 – Oct 2026)

Every change to the expense ratio, newest first.
7 changesRegularDirectΔ pt
30 Aug 20262.99%1.26%0.07
31 Jul 20263.05%1.19%0.04
30 Jun 20263.01%1.15%0.12
31 May 20262.89%1.03%0.10
9 May 20262.80%0.93%0.52
9 Mar 20262.35%0.41%0.05
25 Feb 2025–0.36%–
Direct plan, 30 Aug 2026
1.26%
Regular plan 2.99% · Exit load 1% within 30 days
Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk(7 Oct 2026)

Objective

The primary investment objective of the scheme is 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. (This includes companies benefiting from or contributing to the growth of the banking and financial services sector). However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns

Risk, type and benchmark

Riskometer
Very High
At launch
Very High
Type
Open Ended
Benchmark
Nifty Financial Services - Total Return Index

Asset allocation it may hold% of NAV

  1. Equity and equity related instruments of companies engaged in financial services sector
    Allowed80–100%
  2. Other Equity & Equity related instruments
    Allowed0–20%
  3. Debt & Money market instruments
    Allowed0–20%Holds4.8%
  4. Units of REIT'S & INVIT'S
    Allowed0–10%Holds0.0%

Holds in Sept 2026.95.2% equity · 4.8% debt and cash

How to invest(7 Oct 2026)

Buying

To start
₹500, then re.1
To add
₹500, then re.1
Most
₹99,99,99,999
Systematic
SIP - Daily, Weekly, Monthly, Quarterly STP - Daily, Weekly, Monthly, Quarterly SWP - Monthly, Quarterly
Dates
SIP - 15th of every month/quarter STP - Daily/Monthly/Quarterly - 2,8,15,23 , Weekly - STPs can be initiated on any day from Monday to Friday, as per investor’s choice.If no day is selected, the default day will be Friday.If the STP date falls on a holiday, the transaction will be processed on the next working day. Monthly - Any date ( 1 to 28),Quarterly - Any date ( 1 to 28) & SWP - In case no date is selected by the investor, the default SWP date will be the 15th of every month.If 15th is a holiday, the SWP will be processed on the next business day.
Minimum
SIP - 100, 100,500,500 STP - 500, 500, 500, 500 SWP - 500, 1500, then re.1
Instalments
SIP - 180, 24, 12, 4 STP - 6,6,6,6 SWP - 12, 4

Selling and switching

To redeem
₹500 or Re.1 units
Switch minimum
₹500
Switch multiples
Re.1
Switch most
₹99,99,99,999 or 1 units

Scheme details(7 Oct 2026)

What it is

Category
Thematic/Sectoral Scheme
Offer
17 Jan 2024 to 31 Jan 2024
Started
7 Feb 2024
Reopened
8 Feb 2024
Plans
DIRECT PLAN-GROWTH OPTION · DIRECT PLAN-IDCW PAYOUT OPTION · DIRECT PLAN-IDCW REINVESTMENT OPTION · REGULAR PLAN-GROWTH OPTION · REGULAR PLAN-IDCW PAYOUT OPTION · REGULAR PLAN-IDCW REINVESTMENT OPTION
Face value
₹10
Listed
No

How it is run

Custodian
HDFC Bank Ltd.
Auditor
S.R. Batliboi & Co. LLP
Registrar
KFin Technologies Limited
SEBI code
GROW/O/E/SEC/23/11/0012