Scheme

IB69 Groww Nifty Private Bank Index Fund

Holds 10 companies worth ₹5.7 Cr in Sept 2026.

Fund house
GROWWThe fund house that runs this scheme.
AUM
₹5.7 CrIB69 Groww Nifty Private Bank Index Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Up 0.4% on Aug 2026, ₹5.7 Cr.
Largest holding
ICICI BankICICI Bank is 21.6% of this scheme's NAV.
Fund manager
Nikhil SatamRuns its co-manager part since 25 May 2026, as the fund house dates it. With Aakash chauhan (co-manager), Shashi Kumar (co-manager).

Overview^{(7 Oct 2026)}

Fund managers3

Nikhil SatamCo-manager · May 2026 · 11y · B.Com
Aakash chauhanCo-manager · May 2026 · 8y · MBA
Shashi KumarCo-manager · May 2026 · 18y · PGDM

Key facts

Benchmark: Nifty Private Bank Index - TRI
Risk: Very High
Expense: Regular 1.77% · Direct 1.1%
Exit load: Nil
Started: 25 May 2026
Minimum: ₹500

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

What changed^{(3 changes)}

Aug 2026

1 change

Expense ratio
30 AugRegular 2.26% → 1.93%Direct 1.59% → 1.26%

Jul 2026

1 change

Expense ratio
31 JulRegular 7.95% → 2.26%Direct 7.28% → 1.59%

Jun 2026

1 change

Expense ratio
30 Jun0.9 → Regular 7.95% · Direct 7.28%

Source.Its filings at NSE, since May 2026.

Fund managers over time^{(May 2026 – now)}

MainCoSlice

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^{(Jun 2026 – Oct 2026)}

Every change to the expense ratio, newest first.
3 changes	Regular	Direct	Δ pt
30 Aug 2026	1.93%	1.26%	0.33
31 Jul 2026	2.26%	1.59%	5.69
30 Jun 2026	7.95%	7.28%	–

Direct plan, 30 Aug 2026

1.26%

Regular plan 1.93% · Exit load nil

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 investment objective of the Scheme is to generate long-term capital growth by investing in securities of the Nifty Private Bank Index in the same proportion/weightage with an aim to provide returns before expenses that track the total return of Nifty Private Bank Index, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.

Risk, type and benchmark

Riskometer: Very High
At launch: Very High
Type: Open Ended
Benchmark: Nifty Private Bank Index - TRI

Asset allocation it may hold% of NAV

Constituents of Nifty Private Bank Index
Allowed95–100%
Money market instruments / debt securities, Instruments and/or units of debt/liquid schemes of domestic Mutual Funds
Allowed0–5%Holds0.0%

Holds in Sept 2026.100.1% equity

How to invest^{(7 Oct 2026)}

Buying

To start: ₹500, then re.1
To add: ₹500, then re.1
Most: Any Amount
Systematic: SIP - Daily, Weekly, Monthly, Quarterly STP - Daily, Weekly, Monthly, Quarterly SWP - Monthly, Quarterly
Dates: SIP - Daily- Every Business Day/ Weekly-1st, 8th, 15th, & 22nd/Monthly & Quarterly-Any day between 1st to 28th STP - Every Business Day/Monday to Friday/Monthly & Quarterly-2,8,15,23 SWP - 2,8,15,23
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: Any Amount

Scheme details^{(7 Oct 2026)}

What it is

Category: Index Fund
Offer: 6 May 2026 to 20 May 2026
Started: 25 May 2026
Reopened: 27 May 2026
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/O/EIN/26/02/0060