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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
₹45.9 Cr
up ₹1.1 Cr vs Sep 2024
- Stocks held
- 27
- unchanged
- Top 10 weight
- 68.9%
- of the portfolio in its ten largest
- Cash & debt
- 3.2%
- cash, money market and debt
- Moves this month
- 3 in · 3 out
- added to 9, trimmed 13
Groww Banking & Financial Services Fund is an active equity fund in the Sectoral / Thematic category from Groww Mutual Fund. In October 2024 it disclosed 27 stocks worth ₹45.9 Cr, up ₹1.1 Cr from Sep 2024. Its largest positions were ICICI Bank Limited (19.5%), HDFC Bank Limited (16.9%), Axis Bank Limited (7.2%); the ten largest together made up 68.9% of the portfolio, and Banks was the biggest sector at 52.7% of its equity. Cash and debt stood at 3.2%. Compared with Sep 2024 the fund entered 3 new stocks and exited 3.
Against 229 other Sectoral / Thematic funds
Concentration
93%
Top-10 weight is higher than 93% of peers
Breadth
11%
Holds more stocks than 11% of peers
Cash
46%
Holds more cash than 46% of peers
What these mean: concentration · cash
Holdings in October 2024
Download CSVEvery line the fund disclosed, with the change against Sep 2024. 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 | 19.46% | down 0.20 pts | ₹8.9 Cr | up ₹13 L | Added |
| HDFC Bank Limited | 16.87% | down 0.39 pts | ₹7.7 Cr | up ₹2 L | Held |
| Axis Bank Limited | 7.15% | down 0.64 pts | ₹3.3 Cr | down ₹21 L | Trimmed |
| State Bank of India | 6.49% | up 0.10 pts | ₹3 Cr | up ₹12 L | Added |
| Bajaj Finance Limited | 3.96% | down 0.58 pts | ₹1.8 Cr | down ₹21 L | Trimmed |
| Multi Commodity Exchange of India Limited | 3.50% | up 0.38 pts | ₹1.6 Cr | up ₹21 L | Added |
| Cash, TREPS & receivables | 3.17% | down 0.07 pts | ₹1.5 Cr | up ₹0 L | Held |
| Angel One Limited | 3.03% | up 0.42 pts | ₹1.4 Cr | up ₹22 L | Added |
| Power Finance Corporation Limited | 2.84% | up 1.87 pts | ₹1.3 Cr | up ₹87 L | Added |
| Max Financial Services Limited | 2.79% | up 0.13 pts | ₹1.3 Cr | up ₹9 L | Added |
| ICICI Prudential Life Insurance Company Limited | 2.78% | down 0.22 pts | ₹1.3 Cr | down ₹7 L | Trimmed |
| Computer Age Management Services Limited | 2.69% | up 2.69 pts | ₹1.2 Cr | up ₹1.2 Cr | New |
| Five Star Business Finance Limited | 2.21% | down 0.28 pts | ₹1 Cr | down ₹10 L | Trimmed |
| Prudent Corporate Advisory Services Limited | 2.11% | up 0.30 pts | ₹97 L | up ₹16 L | Added |
| PB Fintech Limited | 2.08% | up 1.23 pts | ₹95 L | up ₹58 L | Added |
| HDFC Life Insurance Company Limited | 1.77% | down 0.04 pts | ₹81 L | up ₹0 L | Held |
| KFin Technologies Limited | 1.76% | down 0.08 pts | ₹81 L | down ₹2 L | Trimmed |
| Life Insurance Corporation Of India | 1.74% | down 0.21 pts | ₹80 L | down ₹7 L | Trimmed |
| PNB Housing Finance Limited | 1.74% | down 0.07 pts | ₹80 L | down ₹1 L | Trimmed |
| ICICI Lombard General Insurance Company Limited | 1.69% | down 0.28 pts | ₹78 L | down ₹10 L | Trimmed |
| Shriram Transport Finance Company Limited Shriram Finance Limited · history in this fund | 1.62% | down 0.27 pts | ₹74 L | down ₹10 L | Trimmed |
| India Shelter Finance Corporation Limited | 1.45% | down 0.20 pts | ₹67 L | down ₹7 L | Trimmed |
| Cholamandalam Investment and Finance Company Limited | 1.39% | down 0.41 pts | ₹64 L | down ₹17 L | Trimmed |
| Indian Energy Exchange Limited | 1.34% | down 0.24 pts | ₹61 L | down ₹9 L | Trimmed |
| Muthoot Finance Limited | 1.32% | down 0.10 pts | ₹61 L | down ₹3 L | Trimmed |
| The Federal Bank Limited | 1.04% | up 0.01 pts | ₹48 L | up ₹2 L | Added |
| BSE Limited | 1.04% | up 1.04 pts | ₹48 L | up ₹48 L | New |
| Medi Assist Healthcare Services Ltd | 0.96% | up 0.96 pts | ₹44 L | up ₹44 L | New |
What changed, Sep 2024 to Oct 2024
New New positions (3)
- Computer Age Management Services Limited2.7% · ₹1.2 Cr
- BSE Limited1.0% · ₹48 L
- Medi Assist Healthcare Services Ltd1.0% · ₹44 L
Exited Exited (3)
- SBI Life Insurance Company Limitedwas 2.0% · ₹89 L
- Can Fin Homes Limitedwas 1.6% · ₹69 L
- IndusInd Bank Limitedwas 1.3% · ₹59 L
Added Biggest additions
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 Sep 2024, the weight rose most in Capital Markets (+4.6 pts) and Financial Technology (fintech) (+1.3 pts), and fell most in Banks (−2.6 pts) and Insurance (−1.7 pts).
- Capital Markets11.3% → 16.0%+4.6 pts
- Financial Technology (fintech)0.9% → 2.1%+1.3 pts
- Banks55.3% → 52.7%−2.6 pts
- Insurance13.8% → 12.1%−1.7 pts
- Finance18.7% → 17.1%−1.7 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 | Jul 2024 | Sep 2024 | Oct 2024 |
|---|---|---|---|---|
| Banks | 63.6% | 67.5% | 55.3% | 52.7% |
| Finance | 21.1% | 14.4% | 18.7% | 17.1% |
| Capital Markets | 5.9% | 4.0% | 11.3% | 16.0% |
| Insurance | 9.4% | 14.1% | 13.8% | 12.1% |
| Financial Technology (fintech) | — | — | 0.9% | 2.1% |
Allocation in Oct 2024change vs Sep 2024
- Banks (5)52.7%▼ 2.6 pts
- Finance (8)17.1%▼ 1.7 pts
- Capital Markets (7)16.0%▲ 4.6 pts
- Insurance (6)12.1%▼ 1.7 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, Oct 2024
3.2%
▼ 0.1 pts vs Sep 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.