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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
₹40.7 Cr
up ₹1 Cr vs Jun 2024
- Stocks held
- 20
- unchanged
- Top 10 weight
- 79.3%
- of the portfolio in its ten largest
- Cash & debt
- 3.2%
- cash, money market and debt
- Moves this month
- 1 in · 1 out
- added to 9, trimmed 8
Groww Banking & Financial Services Fund is an active equity fund in the Sectoral / Thematic category from Groww Mutual Fund. In July 2024 it disclosed 20 stocks worth ₹40.7 Cr, up ₹1 Cr from Jun 2024. Its largest positions were HDFC Bank Limited (23.1%), ICICI Bank Limited (20.6%), State Bank of India (7.1%); the ten largest together made up 79.3% of the portfolio, and Banks was the biggest sector at 67.5% of its equity. Cash and debt stood at 3.2%. Compared with Jun 2024 the fund entered 1 new stock and exited 1.
Against 229 other Sectoral / Thematic funds
Concentration
97%
Top-10 weight is higher than 97% of peers
Breadth
6%
Holds more stocks than 6% of peers
Cash
45%
Holds more cash than 45% of peers
What these mean: concentration · cash
Holdings in July 2024
Download CSVEvery line the fund disclosed, with the change against Jun 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 | 23.08% | down 1.61 pts | ₹9.4 Cr | down ₹40 L | Trimmed |
| ICICI Bank Limited | 20.60% | down 0.28 pts | ₹8.4 Cr | up ₹11 L | Added |
| State Bank of India | 7.11% | up 3.22 pts | ₹2.9 Cr | up ₹1.4 Cr | Added |
| Kotak Mahindra Bank Limited | 6.68% | down 0.16 pts | ₹2.7 Cr | up ₹1 L | Held |
| Axis Bank Limited | 6.16% | down 0.70 pts | ₹2.5 Cr | down ₹21 L | Trimmed |
| Bajaj Finance Limited | 3.37% | up 0.58 pts | ₹1.4 Cr | up ₹26 L | Added |
| SBI Life Insurance Company Limited | 3.36% | up 0.43 pts | ₹1.4 Cr | up ₹20 L | Added |
| Cash, TREPS & receivables | 3.16% | up 0.26 pts | ₹1.3 Cr | up ₹14 L | Added |
| ICICI Prudential Life Insurance Company Limited | 3.11% | up 0.11 pts | ₹1.3 Cr | up ₹8 L | Added |
| Mas Financial Services Limited | 3.10% | down 0.15 pts | ₹1.3 Cr | down ₹3 L | Trimmed |
| Max Financial Services Limited | 2.72% | up 0.28 pts | ₹1.1 Cr | up ₹14 L | Added |
| Five Star Business Finance Limited | 2.65% | down 0.20 pts | ₹1.1 Cr | down ₹5 L | Trimmed |
| Life Insurance Corporation Of India | 2.50% | up 2.50 pts | ₹1 Cr | up ₹1 Cr | New |
| CreditAccess Grameen Limited | 2.06% | down 0.05 pts | ₹84 L | up ₹0 L | Held |
| ICICI Lombard General Insurance Company Limited | 2.00% | up 0.17 pts | ₹81 L | up ₹9 L | Added |
| CSB Bank Limited | 1.70% | down 0.31 pts | ₹69 L | down ₹11 L | Trimmed |
| Angel One Limited | 1.67% | down 0.39 pts | ₹68 L | down ₹14 L | Trimmed |
| Can Fin Homes Limited | 1.62% | down 0.17 pts | ₹66 L | down ₹5 L | Trimmed |
| Prudent Corporate Advisory Services Limited | 1.33% | up 0.20 pts | ₹54 L | up ₹9 L | Added |
| India Shelter Finance Corporation Limited | 1.15% | up 0.03 pts | ₹47 L | up ₹2 L | Added |
| BSE Limited | 0.88% | down 0.03 pts | ₹36 L | down ₹0 L | Trimmed |
What changed, Jun 2024 to Jul 2024
New New positions (1)
- Life Insurance Corporation Of India2.5% · ₹1 Cr
Exited Exited (1)
- IndusInd Bank Limitedwas 3.7% · ₹1.5 Cr
Added Biggest additions
- State Bank of Indiaup ₹1.4 Cr (+3.22% pts)
- Bajaj Finance Limitedup ₹26 L (+0.58% pts)
- SBI Life Insurance Company Limitedup ₹20 L (+0.43% pts)
- Max Financial Services Limited
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 Jun 2024, the weight rose most in Insurance (+3.6 pts), and fell most in Banks (−3.5 pts) and Capital Markets (−0.2 pts).
- Insurance10.5% → 14.1%+3.6 pts
- Banks71.0% → 67.5%−3.5 pts
- Capital Markets4.2% → 4.0%−0.2 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 | Apr 2024 | Jun 2024 | Jul 2024 |
|---|---|---|---|
| Banks | 63.6% | 71.0% | 67.5% |
| Finance | 21.1% | 14.3% | 14.4% |
| Insurance | 9.4% | 10.5% | 14.1% |
| Capital Markets | 5.9% | 4.2% | 4.0% |
Allocation in Jul 2024change vs Jun 2024
- Banks (6)67.5%▼ 3.5 pts
- Finance (6)14.4%▲ 0.1 pts
- Insurance (5)14.1%▲ 3.6 pts
- Capital Markets (3)4.0%▼ 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, Jul 2024
3.2%
▲ 0.3 pts vs Jun 2024
- Cash alone
- 3.2%
- 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.