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Sectoral / Thematic · Groww Mutual Fund · AMFI code 152254Groww Banking & Financial Services Fund
Disclosed for 31 months, Feb 2024 to Aug 2026.
Portfolio value
₹90.5 Cr
up ₹7.4 Cr vs Jul 2026
- Stocks held
- 37
- up 3 vs Jul 2026
- Top 10 weight
- 41.0%
- of the portfolio in its ten largest
- Cash & debt
- 4.2%
- cash, money market and debt
- Moves this month
- 7 in · 4 out
- added to 10, trimmed 14
Groww Banking & Financial Services Fund is an active equity fund in the Sectoral / Thematic category from Groww Mutual Fund. In August 2026 it disclosed 37 stocks worth ₹90.5 Cr, up ₹7.4 Cr from Jul 2026. Its largest positions were ICICI Bank Limited (6.6%), Axis Bank Limited (4.6%), Multi Commodity Exchange of India Limited (4.5%); the ten largest together made up 41.0% of the portfolio, and Banks was the biggest sector at 34.6% of its equity. Cash and debt stood at 4.2%. Compared with Jul 2026 the fund entered 7 new stocks and exited 4.
Against 229 other Sectoral / Thematic funds
Concentration
37%
Top-10 weight is higher than 37% of peers
Breadth
35%
Holds more stocks than 35% of peers
Cash
62%
Holds more cash than 62% of peers
What these mean: concentration · cash
Holdings in August 2026
Download CSVEvery line the fund disclosed, with the change against Jul 2026. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| ICICI Bank Limited | 6.57% | down 4.23 pts | ₹5.9 Cr | down ₹3 Cr | Trimmed |
| Axis Bank Limited | 4.59% | down 1.14 pts | ₹4.2 Cr | down ₹61 L | Trimmed |
| Multi Commodity Exchange of India Limited | 4.54% | up 0.82 pts | ₹4.1 Cr | up ₹1 Cr | Added |
| Cash, TREPS & receivables | 4.21% | down 0.59 pts | ₹3.8 Cr | down ₹18 L | Trimmed |
| Cartrade Tech Limited | 3.97% | up 0.04 pts | ₹3.6 Cr | up ₹33 L | Added |
| HDFC Bank Limited | 3.96% | up 3.96 pts | ₹3.6 Cr | up ₹3.6 Cr | New |
| One 97 Communications Limited | 3.74% | up 0.12 pts | ₹3.4 Cr | up ₹37 L | Added |
| Ujjivan Small Finance Bank Limited | 3.64% | down 0.47 pts | ₹3.3 Cr | down ₹13 L | Trimmed |
| Shriram Transport Finance Company Limited Shriram Finance Limited · history in this fund | 3.38% | up 0.89 pts | ₹3.1 Cr | up ₹99 L | Added |
| Onemi Technology Solutions Limited | 3.33% | up 0.13 pts | ₹3 Cr | up ₹35 L | Added |
| Bajaj Finance Limited | 3.26% | down 0.57 pts | ₹3 Cr | down ₹24 L | Trimmed |
| RBL Bank Limited | 3.25% | down 0.44 pts | ₹2.9 Cr | down ₹13 L | Trimmed |
| DDB DEWAN HSG FINANCE CORPORATION LTD Piramal Finance Limited · history in this fund | 3.13% | up 0.09 pts | ₹2.8 Cr | up ₹30 L | Added |
| Prudent Corporate Advisory Services Limited | 2.91% | up 0.07 pts | ₹2.6 Cr | up ₹27 L | Added |
| ICICI Prudential Asset Management Company Limited | 2.91% | down 0.31 pts | ₹2.6 Cr | down ₹4 L | Trimmed |
| SBFC Finance Limited | 2.88% | up 0.01 pts | ₹2.6 Cr | up ₹22 L | Added |
| Aditya Birla Capital Limited | 2.78% | down 0.21 pts | ₹2.5 Cr | up ₹3 L | Added |
| PB Fintech Limited | 2.71% | up 1.68 pts | ₹2.5 Cr | up ₹1.6 Cr | Added |
| AU Small Finance Bank Limited | 2.66% | up 2.66 pts | ₹2.4 Cr | up ₹2.4 Cr | New |
| L&T Finance Limited | 2.61% | down 0.14 pts | ₹2.4 Cr | up ₹7 L | Added |
| Pine Labs Limited | 2.41% | up 2.41 pts | ₹2.2 Cr | up ₹2.2 Cr | New |
| IndusInd Bank Limited | 2.34% | up 2.34 pts | ₹2.1 Cr | up ₹2.1 Cr | New |
| Home First Finance Company India Limited | 2.25% | down 0.25 pts | ₹2 Cr | down ₹4 L | Trimmed |
| Nuvama Wealth Management Limited | 2.10% | down 0.25 pts | ₹1.9 Cr | down ₹5 L | Trimmed |
| Gaja Alternative Asset Management Ltd | 2.09% | up 2.09 pts | ₹1.9 Cr | up ₹1.9 Cr | New |
| India Shelter Finance Corporation Limited | 1.92% | down 0.41 pts | ₹1.7 Cr | down ₹20 L | Trimmed |
| Max Financial Services Limited | 1.77% | down 0.07 pts | ₹1.6 Cr | up ₹8 L | Added |
| Aye Finance Limited | 1.69% | up 1.69 pts | ₹1.5 Cr | up ₹1.5 Cr | New |
| Nippon Life India Asset Management Limited | 1.63% | down 0.13 pts | ₹1.5 Cr | up ₹1 L | Added |
| Angel One Limited | 1.61% | down 0.21 pts | ₹1.5 Cr | down ₹6 L | Trimmed |
| City Union Bank Limited | 1.61% | up 0.03 pts | ₹1.5 Cr | up ₹14 L | Added |
| Tamilnad Mercantile Bank Limited | 1.60% | up 0.01 pts | ₹1.4 Cr | up ₹13 L | Added |
| The Jammu & Kashmir Bank Limited | 1.52% | down 0.23 pts | ₹1.4 Cr | down ₹8 L | Trimmed |
| Karur Vysya Bank Limited | 1.39% | down 0.62 pts | ₹1.3 Cr | down ₹42 L | Trimmed |
| Canara HSBC Life Insurance Co Ltd | 0.94% | up 0.94 pts | ₹85 L | up ₹85 L | New |
| SBI Funds Management Limited | 0.84% | down 0.41 pts | ₹77 L | down ₹28 L | Trimmed |
| CreditAccess Grameen Limited | 0.80% | down 0.22 pts | ₹72 L | down ₹12 L | Trimmed |
| FSN E-Commerce Ventures Limited | 0.47% | down 0.02 pts | ₹43 L | up ₹2 L | Added |
What changed, Jul 2026 to Aug 2026
New New positions (7)
- HDFC Bank Limited4.0% · ₹3.6 Cr
- AU Small Finance Bank Limited2.7% · ₹2.4 Cr
- Pine Labs Limited2.4% · ₹2.2 Cr
- IndusInd Bank Limited2.3% · ₹2.1 Cr
- Gaja Alternative Asset Management Ltd2.1% · ₹1.9 Cr
- Aye Finance Limited1.7% · ₹1.5 Cr
- Canara HSBC Life Insurance Co Ltd0.9% · ₹85 L
Exited Exited (4)
- BSE Limitedwas 3.0% · ₹2.5 Cr
- The Federal Bank Limitedwas 2.8% · ₹2.4 Cr
- SBI Life Insurance Company Limitedwas 1.8% · ₹1.5 Cr
- Inox India Limitedwas 1.4% · ₹1.1 Cr
Added Biggest additions
- PB Fintech Limitedup ₹1.6 Cr (+1.68% pts)
- Multi Commodity Exchange of India Limitedup ₹1 Cr (+0.82% pts)
- Shriram Transport Finance Company Limitedup ₹99 L (+0.89% pts)
- One 97 Communications Limitedup ₹37 L (+0.12% pts)
- Onemi Technology Solutions Limitedup ₹35 L (+0.13% pts)
- Cartrade Tech Limitedup ₹33 L (+0.04% pts)
- DDB DEWAN HSG FINANCE CORPORATION LTDup ₹30 L (+0.09% pts)
- Prudent Corporate Advisory Services Limitedup ₹27 L (+0.07% pts)
- SBFC Finance Limitedup ₹22 L (+0.01% pts)
- City Union Bank Limitedup ₹14 L (+0.03% pts)
Trimmed Biggest reductions
- ICICI Bank Limiteddown ₹3 Cr (−4.23% pts)
- Axis Bank Limiteddown ₹61 L (−1.14% pts)
- Karur Vysya Bank Limiteddown ₹42 L (−0.62% pts)
- SBI Funds Management Limiteddown ₹28 L (−0.41% pts)
- Bajaj Finance Limiteddown ₹24 L (−0.57% pts)
- India Shelter Finance Corporation Limiteddown ₹20 L (−0.41% pts)
- RBL Bank Limiteddown ₹13 L (−0.44% pts)
- Ujjivan Small Finance Bank Limiteddown ₹13 L (−0.47% pts)
- CreditAccess Grameen Limiteddown ₹12 L (−0.22% pts)
- The Jammu & Kashmir Bank Limiteddown ₹8 L (−0.23% pts)
Sectors
Which sectors the fund is moving towards and away from, and where its money sits now. Shares are of the fund’s classified equity holdings, so they add up to 100%.
Where the weight moved
Compared with
Since Jul 2026, the weight rose most in Financial Technology (fintech) (+4.4 pts) and Finance (+0.9 pts), and fell most in Capital Markets (−1.6 pts) and Industrial Products (−1.4 pts).
- Financial Technology (fintech)4.9% → 9.2%+4.4 pts
- Finance28.4% → 29.3%+0.9 pts
- Capital Markets21.0% → 19.5%−1.6 pts
- Industrial Products1.4% → 0.0%exited−1.4 pts
- Banks35.8% → 34.6%−1.2 pts
- Insurance3.8% → 2.8%−1.0 pts
A sector’s weight changes when the fund buys or sells, and also when its shares rise or fall in price, so a change is not by itself a sign of buying or selling.
Main sectors’ weights over time
| Sector | Aug 2025 | Feb 2026 | May 2026 | Jul 2026 | Aug 2026 |
|---|---|---|---|---|---|
| Banks | 50.2% | 40.6% | 46.1% | 35.8% | 34.6% |
| Finance | 28.4% | 37.8% | 29.0% | 28.4% | 29.3% |
| Capital Markets | 6.3% | 11.7% | 17.7% | 21.0% | 19.5% |
| Financial Technology (fintech) | 0.9% | 1.6% | 2.6% | 4.9% | 9.2% |
| Retailing | — | — | — | 4.6% | 4.6% |
| Insurance | 10.6% | 8.2% | 4.7% | 3.8% | 2.8% |
Allocation in Aug 2026change vs Jul 2026
- Banks (11)34.6%▼ 1.2 pts
- Finance (11)29.3%▲ 0.9 pts
- Capital Markets (8)19.5%▼ 1.6 pts
- Financial Technology (fintech) (3)9.2%▲ 4.4 pts
- Retailing (2)4.6%
- Insurance (2)2.8%▼ 1.0 pts
Cash and debt
The share of the portfolio not in shares: cash and net receivables, money-market instruments and bonds, as disclosed each month. Cash can dip below zero when payables, often on derivative positions, exceed it. A change here describes what the fund did; it is not a signal. More on reading cash.
Cash & debt, Aug 2026
4.2%
▼ 0.6 pts vs Jul 2026
- Cash alone
- 4.2%
- cash and net receivables
- A year earlier
- 6.3%
- Aug 2025 · now ▼ 2.1 pts
- Last 12 months
- 1.3% – 10.8%
- lowest to highest · record 12.4% in Mar 2024
History
Disclosed portfolio value by month, with the stocks the fund entered and exited against its previous disclosure. Every month is a link to that portfolio.
The last 24 months
| Month | Portfolio value | Stocks | Entered | Exited | Cash | Cash & debt | Turnover |
|---|---|---|---|---|---|---|---|
| Aug 2026 | ₹90.5 Cr | 37 | 7 | 4 | 4.2% | 4.2% | 152% |
| Jul 2026 | ₹83.2 Cr | 34 | 3 | 1 | 4.8% | 4.8% | 151% |
| Jun 2026 | ₹75.5 Cr | 32 | 5 | 4 | 2.4% | 2.4% | 160% |
| May 2026 | ₹70.1 Cr | 31 | 4 | 7 | 1.3% | 1.3% | 150% |
| Apr 2026 | ₹68.6 Cr | 34 | 2 | 1 | 2.9% | 2.9% | 137% |
| Mar 2026 | ₹57.8 Cr | 33 | 3 | 3 | 9.0% | 9.0% | 144% |
| Feb 2026 | ₹63.9 Cr | 33 | 3 | 4 | 5.6% | 5.6% | 141% |
| Jan 2026 | ₹62.5 Cr | 34 | 5 | 6 | 3.6% | 3.6% | 144% |
| Dec 2025 | ₹61.8 Cr | 35 | 5 | 1 | 3.3% | 3.3% | 132% |
| Nov 2025 | ₹61.6 Cr | 31 | 2 | 4 | 3.6% | 3.6% | 127% |
| Oct 2025 | ₹59.7 Cr | 33 | 9 | 3 | 3.0% | 3.0% | 105% |
| Sep 2025 | ₹56.7 Cr | 27 | 4 | 5 | 10.8% | 10.8% | 99% |
| Aug 2025 | ₹56.1 Cr | 28 | 2 | 3 | 6.3% | 6.3% | 99% |
| Jul 2025 | ₹57.5 Cr | 29 | 2 | 4 | 6.1% | 6.1% | 88% |
| Jun 2025 | ₹57.1 Cr | 31 | 5 | 3 | 2.1% | 2.1% | 82% |
| May 2025 | ₹54 Cr | 29 | 2 | 2 | 3.4% | 3.4% | 97% |
| Apr 2025 | ₹51.8 Cr | 29 | 1 | 1 | 8.2% | 8.2% | 95% |
| Mar 2025 | ₹49.3 Cr | 29 | 3 | 1 | 3.9% | 3.9% | 85% |
| Feb 2025 | ₹44.5 Cr | 27 | 0 | 2 | 4.7% | 4.7% | 84% |
| Jan 2025 | ₹46.4 Cr | 29 | 1 | 0 | 0.2% | 0.2% | 74% |
| Dec 2024 | ₹48.6 Cr | 28 | 2 | 2 | 3.0% | 3.0% | 67% |
| Nov 2024 | ₹47.7 Cr | 28 | 2 | 1 | 3.5% | 3.5% | 65% |
| Oct 2024 | ₹45.9 Cr | 27 | 3 | 3 | 3.2% | 3.2% | 60% |
| Sep 2024 | ₹44.7 Cr | 27 | 12 | 3 | 3.2% | 3.2% | 57% |
For any of the 7 earlier months, choose it in “Portfolio as of” at the top of the page.