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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
₹39.7 Cr
up ₹3.1 Cr vs May 2024
- Stocks held
- 20
- down 5 vs May 2024
- Top 10 weight
- 78.9%
- of the portfolio in its ten largest
- Cash & debt
- 2.9%
- cash, money market and debt
- Moves this month
- 0 in · 5 out
- added to 10, trimmed 4
Groww Banking & Financial Services Fund is an active equity fund in the Sectoral / Thematic category from Groww Mutual Fund. In June 2024 it disclosed 20 stocks worth ₹39.7 Cr, up ₹3.1 Cr from May 2024. Its largest positions were HDFC Bank Limited (24.7%), ICICI Bank Limited (20.9%), Axis Bank Limited (6.9%); the ten largest together made up 78.9% of the portfolio, and Banks was the biggest sector at 71.0% of its equity. Cash and debt stood at 2.9%. Compared with May 2024 the fund entered 0 new stocks and exited 5.
Against 226 other Sectoral / Thematic funds
Concentration
98%
Top-10 weight is higher than 98% of peers
Breadth
4%
Holds more stocks than 4% of peers
Cash
42%
Holds more cash than 42% of peers
What these mean: concentration · cash
Holdings in June 2024
Download CSVEvery line the fund disclosed, with the change against May 2024. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| HDFC Bank Limited | 24.68% | up 2.81 pts | ₹9.8 Cr | up ₹1.8 Cr | Added |
| ICICI Bank Limited | 20.88% | up 1.84 pts | ₹8.3 Cr | up ₹1.3 Cr | Added |
| Axis Bank Limited | 6.86% | down 0.33 pts | ₹2.7 Cr | up ₹9 L | Added |
| Kotak Mahindra Bank Limited | 6.84% | up 0.94 pts | ₹2.7 Cr | up ₹55 L | Added |
| State Bank of India | 3.89% | down 4.76 pts | ₹1.5 Cr | down ₹1.6 Cr | Trimmed |
| IndusInd Bank Limited | 3.74% | up 1.19 pts | ₹1.5 Cr | up ₹55 L | Added |
| Mas Financial Services Limited | 3.25% | up 0.69 pts | ₹1.3 Cr | up ₹35 L | Added |
| ICICI Prudential Life Insurance Company Limited | 3.00% | up 2.16 pts | ₹1.2 Cr | up ₹88 L | Added |
| SBI Life Insurance Company Limited | 2.93% | down 1.00 pts | ₹1.2 Cr | down ₹28 L | Trimmed |
| Cash, TREPS & receivables | 2.89% | up 1.07 pts | ₹1.1 Cr | up ₹48 L | Added |
| Five Star Business Finance Limited | 2.85% | up 0.72 pts | ₹1.1 Cr | up ₹35 L | Added |
| Bajaj Finance Limited | 2.80% | down 1.60 pts | ₹1.1 Cr | down ₹50 L | Trimmed |
| Max Financial Services Limited | 2.44% | up 0.72 pts | ₹97 L | up ₹34 L | Added |
| CreditAccess Grameen Limited | 2.10% | up 0.26 pts | ₹83 L | up ₹16 L | Added |
| Angel One Limited | 2.06% | up 1.23 pts | ₹82 L | up ₹51 L | Added |
| CSB Bank Limited | 2.01% | up 0.11 pts | ₹80 L | up ₹10 L | Added |
| ICICI Lombard General Insurance Company Limited | 1.83% | up 0.08 pts | ₹73 L | up ₹8 L | Added |
| Can Fin Homes Limited | 1.79% | up 0.25 pts | ₹71 L | up ₹15 L | Added |
| Prudent Corporate Advisory Services Limited | 1.13% | up 0.07 pts | ₹45 L | up ₹6 L | Added |
| India Shelter Finance Corporation Limited | 1.12% | up 0.16 pts | ₹44 L | up ₹9 L | Added |
| BSE Limited | 0.91% | down 0.12 pts | ₹36 L | down ₹2 L | Trimmed |
What changed, May 2024 to Jun 2024
New New positions (0)
None.
Exited Exited (5)
- REC Limitedwas 2.1% · ₹78 L
- Ujjivan Small Finance Bank Limitedwas 1.4% · ₹51 L
- Fusion Finance Limitedwas 1.1% · ₹39 L
- HDFC Asset Management Company Limitedwas 1.0% · ₹36 L
- IndoStar Capital Finance Limitedwas 0.9% · ₹33 L
Added Biggest additions
- HDFC Bank Limitedup ₹1.8 Cr (+2.81% 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 May 2024, the weight rose most in Insurance (+2.1 pts) and Banks (+1.2 pts), and fell most in Finance (−3.5 pts).
- Insurance8.4% → 10.5%+2.1 pts
- Banks69.8% → 71.0%+1.2 pts
- Capital Markets4.0% → 4.2%+0.2 pts
- Finance17.9% → 14.3%−3.5 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 | Mar 2024 | May 2024 | Jun 2024 |
|---|---|---|---|
| Banks | 65.7% | 69.8% | 71.0% |
| Finance | 21.3% | 17.9% | 14.3% |
| Insurance | 7.7% | 8.4% | 10.5% |
| Capital Markets | 5.3% | 4.0% | 4.2% |
Allocation in Jun 2024change vs May 2024
- Banks (7)71.0%▲ 1.2 pts
- Finance (6)14.3%▼ 3.5 pts
- Insurance (4)10.5%▲ 2.1 pts
- Capital Markets (3)4.2%▲ 0.2 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, Jun 2024
2.9%
▲ 1.1 pts vs May 2024
- Cash alone
- 2.9%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 1.8% – 12.4%
- 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.