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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
₹48.6 Cr
up ₹93 L vs Nov 2024
- Stocks held
- 28
- unchanged
- Top 10 weight
- 66.4%
- of the portfolio in its ten largest
- Cash & debt
- 3.0%
- cash, money market and debt
- Moves this month
- 2 in · 2 out
- added to 10, trimmed 15
Groww Banking & Financial Services Fund is an active equity fund in the Sectoral / Thematic category from Groww Mutual Fund. In December 2024 it disclosed 28 stocks worth ₹48.6 Cr, up ₹93 L from Nov 2024. Its largest positions were ICICI Bank Limited (18.2%), HDFC Bank Limited (17.3%), Axis Bank Limited (6.2%); the ten largest together made up 66.4% of the portfolio, and Banks was the biggest sector at 52.8% of its equity. Cash and debt stood at 3.0%. Compared with Nov 2024 the fund entered 2 new stocks and exited 2.
Against 229 other Sectoral / Thematic funds
Concentration
91%
Top-10 weight is higher than 91% of peers
Breadth
12%
Holds more stocks than 12% of peers
Cash
43%
Holds more cash than 43% of peers
What these mean: concentration · cash
Holdings in December 2024
Download CSVEvery line the fund disclosed, with the change against Nov 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 | 18.20% | down 0.62 pts | ₹8.9 Cr | down ₹13 L | Trimmed |
| HDFC Bank Limited | 17.31% | down 0.57 pts | ₹8.4 Cr | down ₹11 L | Trimmed |
| Axis Bank Limited | 6.19% | down 0.55 pts | ₹3 Cr | down ₹20 L | Trimmed |
| State Bank of India | 5.93% | down 0.45 pts | ₹2.9 Cr | down ₹16 L | Trimmed |
| Bajaj Holdings & Investment Limited | 4.32% | up 0.44 pts | ₹2.1 Cr | up ₹25 L | Added |
| Motilal Oswal Financial Services Limited | 3.56% | up 3.56 pts | ₹1.7 Cr | up ₹1.7 Cr | New |
| Cash, TREPS & receivables | 3.04% | down 0.51 pts | ₹1.5 Cr | down ₹22 L | Trimmed |
| Computer Age Management Services Limited | 2.89% | up 0.03 pts | ₹1.4 Cr | up ₹4 L | Added |
| Angel One Limited | 2.74% | down 0.02 pts | ₹1.3 Cr | up ₹2 L | Added |
| Power Finance Corporation Limited | 2.64% | down 0.33 pts | ₹1.3 Cr | down ₹13 L | Trimmed |
| Bank of Baroda | 2.62% | down 0.12 pts | ₹1.3 Cr | down ₹3 L | Trimmed |
| KFin Technologies Limited | 2.55% | up 0.58 pts | ₹1.2 Cr | up ₹30 L | Added |
| Nuvama Wealth Management Limited | 2.54% | up 2.54 pts | ₹1.2 Cr | up ₹1.2 Cr | New |
| PB Fintech Limited | 2.43% | up 0.21 pts | ₹1.2 Cr | up ₹12 L | Added |
| ICICI Prudential Life Insurance Company Limited | 2.32% | down 0.21 pts | ₹1.1 Cr | down ₹8 L | Trimmed |
| Max Financial Services Limited | 2.28% | down 0.09 pts | ₹1.1 Cr | down ₹2 L | Trimmed |
| Multi Commodity Exchange of India Limited | 2.27% | down 0.03 pts | ₹1.1 Cr | up ₹1 L | Added |
| Prudent Corporate Advisory Services Limited | 1.75% | down 0.24 pts | ₹85 L | down ₹10 L | Trimmed |
| Life Insurance Corporation Of India | 1.59% | down 0.20 pts | ₹77 L | down ₹8 L | Trimmed |
| ICICI Lombard General Insurance Company Limited | 1.49% | down 0.09 pts | ₹72 L | down ₹3 L | Trimmed |
| PNB Housing Finance Limited | 1.49% | down 0.05 pts | ₹72 L | down ₹1 L | Trimmed |
| India Shelter Finance Corporation Limited | 1.42% | up 0.10 pts | ₹69 L | up ₹6 L | Added |
| Shriram Transport Finance Company Limited Shriram Finance Limited · history in this fund | 1.40% | down 0.09 pts | ₹68 L | down ₹3 L | Trimmed |
| Muthoot Finance Limited | 1.38% | up 0.12 pts | ₹67 L | up ₹7 L | Added |
| Indian Energy Exchange Limited | 1.29% | up 0.02 pts | ₹63 L | up ₹2 L | Added |
| Cholamandalam Investment and Finance Company Limited | 1.22% | down 0.07 pts | ₹60 L | down ₹2 L | Trimmed |
| BSE Limited | 1.17% | up 0.12 pts | ₹57 L | up ₹7 L | Added |
| Medi Assist Healthcare Services Ltd | 0.99% | up 0.10 pts | ₹48 L | up ₹6 L | Added |
| The Federal Bank Limited | 0.96% | down 0.07 pts | ₹47 L | down ₹3 L | Trimmed |
What changed, Nov 2024 to Dec 2024
New New positions (2)
- Motilal Oswal Financial Services Limited3.6% · ₹1.7 Cr
- Nuvama Wealth Management Limited2.5% · ₹1.2 Cr
Exited Exited (2)
- Five Star Business Finance Limitedwas 2.0% · ₹94 L
- HDFC Life Insurance Company Limitedwas 1.6% · ₹74 L
Added Biggest additions
- KFin Technologies Limitedup ₹30 L (+0.58% pts)
- Bajaj Holdings & Investment 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 Nov 2024, the weight rose most in Capital Markets (+6.7 pts) and Financial Technology (fintech) (+0.2 pts), and fell most in Banks (−2.7 pts) and Insurance (−2.2 pts).
- Capital Markets14.7% → 21.4%+6.7 pts
- Financial Technology (fintech)2.3% → 2.5%+0.2 pts
- Banks55.6% → 52.8%−2.7 pts
- Insurance11.1% → 8.9%−2.2 pts
- Finance16.3% → 14.3%−2.0 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 | Jun 2024 | Sep 2024 | Nov 2024 | Dec 2024 |
|---|---|---|---|---|
| Banks | 71.0% | 55.3% | 55.6% | 52.8% |
| Capital Markets | 4.2% | 11.3% | 14.7% | 21.4% |
| Finance | 14.3% | 18.7% | 16.3% | 14.3% |
| Insurance | 10.5% | 13.8% | 11.1% | 8.9% |
| Financial Technology (fintech) | — | 0.9% | 2.3% | 2.5% |
Allocation in Dec 2024change vs Nov 2024
- Banks (6)52.8%▼ 2.7 pts
- Capital Markets (9)21.4%▲ 6.7 pts
- Finance (7)14.3%▼ 2.0 pts
- Insurance (5)8.9%▼ 2.2 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, Dec 2024
3.0%
▼ 0.5 pts vs Nov 2024
- Cash alone
- 3.0%
- 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.