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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
₹47.7 Cr
up ₹1.8 Cr vs Oct 2024
- Stocks held
- 28
- up 1 vs Oct 2024
- Top 10 weight
- 67.6%
- of the portfolio in its ten largest
- Cash & debt
- 3.5%
- cash, money market and debt
- Moves this month
- 2 in · 1 out
Groww Banking & Financial Services Fund is an active equity fund in the Sectoral / Thematic category from Groww Mutual Fund. In November 2024 it disclosed 28 stocks worth ₹47.7 Cr, up ₹1.8 Cr from Oct 2024. Its largest positions were ICICI Bank Limited (18.8%), HDFC Bank Limited (17.9%), Axis Bank Limited (6.7%); the ten largest together made up 67.6% of the portfolio, and Banks was the biggest sector at 55.6% of its equity. Cash and debt stood at 3.5%. Compared with Oct 2024 the fund entered 2 new stocks and exited 1.
Against 229 other Sectoral / Thematic funds
Concentration
93%
Top-10 weight is higher than 93% of peers
Breadth
12%
Holds more stocks than 12% of peers
Cash
52%
Holds more cash than 52% of peers
What these mean: concentration · cash
Holdings in November 2024
Download CSVEvery line the fund disclosed, with the change against Oct 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 | 18.82% | down 0.64 pts | ₹9 Cr | up ₹5 L | Added |
| HDFC Bank Limited | 17.88% | up 1.00 pts | ₹8.5 Cr | up ₹79 L | Added |
| Axis Bank Limited | 6.74% | down 0.41 pts | ₹3.2 Cr | down ₹7 L | Trimmed |
| State Bank of India | 6.38% | down 0.11 pts | ₹3 Cr | up ₹7 L | Added |
| Bajaj Holdings & Investment Limited | 3.88% | up 3.88 pts | ₹1.9 Cr | up ₹1.9 Cr | New |
| Cash, TREPS & receivables | 3.55% | up 0.38 pts | ₹1.7 Cr | up ₹24 L | Added |
| Power Finance Corporation Limited | 2.97% | up 0.13 pts | ₹1.4 Cr | up ₹12 L | Added |
| Computer Age Management Services Limited | 2.87% | up 0.18 pts | ₹1.4 Cr | up ₹13 L | Added |
| Angel One Limited | 2.77% | down 0.26 pts | ₹1.3 Cr | down ₹7 L | Trimmed |
| Bank of Baroda | 2.74% | up 2.74 pts | ₹1.3 Cr | up ₹1.3 Cr | New |
| ICICI Prudential Life Insurance Company Limited | 2.52% | down 0.26 pts | ₹1.2 Cr | down ₹7 L | Trimmed |
| Max Financial Services Limited | 2.37% | down 0.42 pts | ₹1.1 Cr | down ₹15 L | Trimmed |
| Multi Commodity Exchange of India Limited | 2.30% | down 1.20 pts | ₹1.1 Cr | down ₹51 L | Trimmed |
| PB Fintech Limited | 2.22% | up 0.15 pts | ₹1.1 Cr | up ₹11 L | Added |
| Prudent Corporate Advisory Services Limited | 1.98% | down 0.13 pts | ₹95 L | down ₹2 L | Trimmed |
| KFin Technologies Limited | 1.97% | up 0.21 pts | ₹94 L | up ₹13 L | Added |
| Five Star Business Finance Limited | 1.96% | down 0.25 pts | ₹94 L | down ₹8 L | Trimmed |
| Life Insurance Corporation Of India | 1.79% | up 0.05 pts | ₹85 L | up ₹5 L | Added |
| ICICI Lombard General Insurance Company Limited | 1.58% | down 0.11 pts | ₹75 L | down ₹2 L | Trimmed |
| HDFC Life Insurance Company Limited | 1.56% | down 0.22 pts | ₹74 L | down ₹7 L | Trimmed |
| PNB Housing Finance Limited | 1.54% | down 0.20 pts | ₹73 L | down ₹6 L | Trimmed |
| Shriram Transport Finance Company Limited Shriram Finance Limited · history in this fund | 1.49% | down 0.12 pts | ₹71 L | down ₹3 L | Trimmed |
| India Shelter Finance Corporation Limited | 1.32% | down 0.13 pts | ₹63 L | down ₹4 L | Trimmed |
| Cholamandalam Investment and Finance Company Limited | 1.30% | down 0.09 pts | ₹62 L | down ₹2 L | Trimmed |
| Indian Energy Exchange Limited | 1.28% | down 0.06 pts | ₹61 L | down ₹1 L | Trimmed |
| Muthoot Finance Limited | 1.26% | down 0.06 pts | ₹60 L | down ₹0 L | Trimmed |
| BSE Limited | 1.04% | up 0.01 pts | ₹50 L | up ₹2 L | Added |
| The Federal Bank Limited | 1.03% | down 0.01 pts | ₹49 L | up ₹2 L | Added |
| Medi Assist Healthcare Services Ltd | 0.89% | down 0.07 pts | ₹42 L | down ₹2 L | Trimmed |
What changed, Oct 2024 to Nov 2024
New New positions (2)
- Bajaj Holdings & Investment Limited3.9% · ₹1.9 Cr
- Bank of Baroda2.7% · ₹1.3 Cr
Exited Exited (1)
- Bajaj Finance Limitedwas 4.0% · ₹1.8 Cr
Added Biggest additions
- HDFC Bank Limitedup ₹79 L (+1.00% pts)
- Computer Age Management Services Limitedup ₹13 L (+0.18% pts)
- KFin Technologies Limited ₹13 L (+0.21% 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 Oct 2024, the weight rose most in Banks (+2.9 pts) and Financial Technology (fintech) (+0.2 pts), and fell most in Capital Markets (−1.2 pts) and Insurance (−1.0 pts).
- Banks52.7% → 55.6%+2.9 pts
- Financial Technology (fintech)2.1% → 2.3%+0.2 pts
- Capital Markets16.0% → 14.7%−1.2 pts
- Insurance12.1% → 11.1%−1.0 pts
- Finance17.1% → 16.3%−0.8 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 | May 2024 | Aug 2024 | Oct 2024 | Nov 2024 |
|---|---|---|---|---|
| Banks | 69.8% | 67.5% | 52.7% | 55.6% |
| Finance | 17.9% | 12.8% | 17.1% | 16.3% |
| Capital Markets | 4.0% | 5.1% | 16.0% | 14.7% |
| Insurance | 8.4% | 14.6% | 12.1% | 11.1% |
| Financial Technology (fintech) | — | — | 2.1% | 2.3% |
Allocation in Nov 2024change vs Oct 2024
- Banks (6)55.6%▲ 2.9 pts
- Finance (8)16.3%▼ 0.8 pts
- Capital Markets (7)14.7%▼ 1.2 pts
- Insurance (6)11.1%▼ 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, Nov 2024
3.5%
▲ 0.4 pts vs Oct 2024
- Cash alone
- 3.5%
- 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.