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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
₹41.7 Cr
up ₹100 L vs Jul 2024
- Stocks held
- 18
- down 2 vs Jul 2024
- Top 10 weight
- 77.8%
- of the portfolio in its ten largest
- Cash & debt
- 7.9%
- cash, money market and debt
- Moves this month
- 0 in · 2 out
Groww Banking & Financial Services Fund is an active equity fund in the Sectoral / Thematic category from Groww Mutual Fund. In August 2024 it disclosed 18 stocks worth ₹41.7 Cr, up ₹100 L from Jul 2024. Its largest positions were HDFC Bank Limited (22.8%), ICICI Bank Limited (20.3%), State Bank of India (6.5%); the ten largest together made up 77.8% of the portfolio, and Banks was the biggest sector at 67.5% of its equity. Cash and debt stood at 7.9%. Compared with Jul 2024 the fund entered 0 new stocks and exited 2.
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
88%
Holds more cash than 88% of peers
Holdings in August 2024
Download CSVEvery line the fund disclosed, with the change against Jul 2024. Click a column to sort; click a company to see every fund that owns it.
| HDFC Bank Limited | 22.82% | down 0.26 pts | ₹9.5 Cr | up ₹12 L | Added |
| ICICI Bank Limited | 20.34% | down 0.26 pts | ₹8.5 Cr | up ₹10 L | Added |
| Cash, TREPS & receivables | 7.87% | up 4.71 pts | ₹3.3 Cr | up ₹2 Cr | Added |
| State Bank of India | 6.49% | down 0.62 pts | ₹2.7 Cr | down ₹19 L | Trimmed |
| Kotak Mahindra Bank Limited | 6.43% | down 0.26 pts | ₹2.7 Cr | down ₹4 L | Trimmed |
| Axis Bank Limited | 6.06% | down 0.10 pts | ₹2.5 Cr | up ₹2 L | Added |
| Bajaj Finance Limited | 3.48% | up 0.11 pts | ₹1.5 Cr | up ₹8 L | Added |
| SBI Life Insurance Company Limited | 3.46% | up 0.10 pts | ₹1.4 Cr | up ₹8 L | Added |
| ICICI Prudential Life Insurance Company Limited | 3.11% | down <0.01 pts | ₹1.3 Cr | up ₹3 L | Added |
| Mas Financial Services Limited | 3.05% | down 0.05 pts | ₹1.3 Cr | up ₹1 L | Added |
| Five Star Business Finance Limited | 2.60% | down 0.06 pts | ₹1.1 Cr | up ₹0 L | Held |
| Max Financial Services Limited | 2.57% | down 0.15 pts | ₹1.1 Cr | down ₹4 L | Trimmed |
| Angel One Limited | 2.41% | up 0.74 pts | ₹1 Cr | up ₹33 L | Added |
| Life Insurance Corporation Of India | 2.21% | down 0.29 pts | ₹92 L | down ₹10 L | Trimmed |
| ICICI Lombard General Insurance Company Limited | 2.08% | up 0.08 pts | ₹87 L | up ₹5 L | Added |
| Can Fin Homes Limited | 1.61% | down 0.01 pts | ₹67 L | up ₹1 L | Added |
| Prudent Corporate Advisory Services Limited | 1.38% | up 0.05 pts | ₹57 L | up ₹3 L | Added |
| India Shelter Finance Corporation Limited | 1.10% | down 0.05 pts | ₹46 L | down ₹1 L | Trimmed |
| BSE Limited | 0.95% | up 0.07 pts | ₹40 L | up ₹4 L | Added |
What changed, Jul 2024 to Aug 2024
New New positions (0)
None.
Exited Exited (2)
- CreditAccess Grameen Limitedwas 2.1% · ₹84 L
- CSB Bank Limitedwas 1.7% · ₹69 L
Added Biggest additions
- Angel One Limitedup ₹33 L (+0.74% pts)
- HDFC Bank Limitedup ₹12 L (−0.26% pts)
- ICICI Bank Limitedup ₹10 L (−0.26% pts)
- Bajaj Finance Limited ₹8 L (+0.11% 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 2024, the weight rose most in Capital Markets (+1.1 pts) and Insurance (+0.4 pts), and fell most in Finance (−1.6 pts).
- Capital Markets4.0% → 5.1%+1.1 pts
- Insurance14.1% → 14.6%+0.4 pts
- Finance14.4% → 12.8%−1.6 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 | Feb 2024 | May 2024 | Jul 2024 | Aug 2024 |
|---|---|---|---|---|
| Banks | 65.5% | 69.8% | 67.5% | 67.5% |
| Insurance | 8.0% | 8.4% | 14.1% | 14.6% |
| Finance | 22.3% | 17.9% | 14.4% | 12.8% |
| Capital Markets | 4.2% | 4.0% | 4.0% | 5.1% |
Allocation in Aug 2024change vs Jul 2024
- Banks (5)67.5%
- Insurance (5)14.6%▲ 0.4 pts
- Finance (5)12.8%▼ 1.6 pts
- Capital Markets (3)5.1%▲ 1.1 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.
Cash & debt, Aug 2024
7.9%
▲ 4.7 pts vs Jul 2024
- Cash alone
- 7.9%
- 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.