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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
₹61.6 Cr
up ₹1.8 Cr vs Oct 2025
- Stocks held
- 31
- down 2 vs Oct 2025
- Top 10 weight
- 55.0%
- of the portfolio in its ten largest
- Cash & debt
- 3.6%
- cash, money market and debt
Groww Banking & Financial Services Fund is an active equity fund in the Sectoral / Thematic category from Groww Mutual Fund. In November 2025 it disclosed 31 stocks worth ₹61.6 Cr, up ₹1.8 Cr from Oct 2025. Its largest positions were HDFC Bank Limited (14.1%), Bajaj Finance Limited (7.5%), State Bank of India (7.5%); the ten largest together made up 55.0% of the portfolio, and Finance was the biggest sector at 40.0% of its equity. Cash and debt stood at 3.6%. Compared with Oct 2025 the fund entered 2 new stocks and exited 4.
Against 229 other Sectoral / Thematic funds
Concentration
72%
Top-10 weight is higher than 72% of peers
Breadth
17%
Holds more stocks than 17% of peers
Cash
52%
Holds more cash than 52% of peers
What these mean: concentration · cash
Holdings in November 2025
Download CSVEvery line the fund disclosed, with the change against Oct 2025. 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 | 14.06% | down 1.15 pts | ₹8.7 Cr | down ₹43 L | Trimmed |
| Bajaj Finance Limited | 7.52% | down 0.27 pts | ₹4.6 Cr | down ₹2 L | Trimmed |
| State Bank of India | 7.51% | up 3.28 pts | ₹4.6 Cr | up ₹2.1 Cr | Added |
| ICICI Bank Limited | 6.47% | down 2.94 pts | ₹4 Cr | down ₹1.6 Cr | Trimmed |
| L&T Finance Limited | 3.94% | up 0.42 pts | ₹2.4 Cr | up ₹33 L | Added |
| Cash, TREPS & receivables | 3.62% | up 0.58 pts | ₹2.2 Cr | up ₹41 L | Added |
| SBI Life Insurance Company Limited | 3.58% | down 0.09 pts | ₹2.2 Cr | up ₹1 L | Added |
| Kotak Mahindra Bank Limited | 3.14% | down 0.06 pts | ₹1.9 Cr | up ₹2 L | Added |
| Multi Commodity Exchange of India Limited | 3.12% | up 0.17 pts | ₹1.9 Cr | up ₹16 L | Added |
| India Shelter Finance Corporation Limited | 2.91% | up 1.90 pts | ₹1.8 Cr | up ₹1.2 Cr | Added |
| Home First Finance Company India Limited | 2.72% | up 0.53 pts | ₹1.7 Cr | up ₹37 L | Added |
| SBFC Finance Limited | 2.66% | up 2.66 pts | ₹1.6 Cr | up ₹1.6 Cr | New |
| Indian Energy Exchange Limited | 2.62% | down 0.08 pts | ₹1.6 Cr | up ₹0 L | Held |
| DSP NIFTY PSU BANK ETF Fund units | 2.59% | up 0.02 pts | ₹1.6 Cr | up ₹6 L | Added |
| Cholamandalam Financial Holdings Limited | 2.59% | down 0.18 pts | ₹1.6 Cr | down ₹6 L | Trimmed |
| Max Financial Services Limited | 2.49% | up 0.16 pts | ₹1.5 Cr | up ₹14 L | Added |
| Fedbank Financial Services Limited | 2.47% | up 1.97 pts | ₹1.5 Cr | up ₹1.2 Cr | Added |
| Manappuram Finance Limited | 2.34% | up 0.06 pts | ₹1.4 Cr | up ₹8 L | Added |
| Nippon Life India Asset Management Limited | 2.20% | down 0.07 pts | ₹1.4 Cr | up ₹0 L | Held |
| Aptus Value Housing Finance India Limited | 2.16% | up 0.71 pts | ₹1.3 Cr | up ₹46 L | Added |
| Nuvama Wealth Management Limited | 2.16% | up 1.02 pts | ₹1.3 Cr | up ₹65 L | Added |
| Bajaj Finserv Limited | 2.01% | down 0.06 pts | ₹1.2 Cr | up ₹0 L | Held |
| Northern Arc Capital Limited | 1.97% | up 1.46 pts | ₹1.2 Cr | up ₹91 L | Added |
| CSB Bank Limited | 1.97% | down 0.07 pts | ₹1.2 Cr | down ₹0 L | Held |
| Five Star Business Finance Limited | 1.93% | down 0.27 pts | ₹1.2 Cr | down ₹12 L | Trimmed |
| ARMAN FINANCIAL SERVICES LTD | 1.87% | down 0.05 pts | ₹1.2 Cr | up ₹0 L | Held |
| BSE Limited | 1.62% | up 0.19 pts | ₹100 L | up ₹15 L | Added |
| Prudent Corporate Advisory Services Limited | 1.43% | up 0.87 pts | ₹88 L | up ₹55 L | Added |
| Sagility Limited | 1.15% | down 0.09 pts | ₹71 L | down ₹3 L | Trimmed |
| Life Insurance Corporation Of India | 0.98% | up 0.98 pts | ₹60 L | up ₹60 L | New |
| Star Health And Allied Insurance Company Limited | 0.96% | down 0.04 pts | ₹59 L | down ₹1 L | Trimmed |
| Niva Bupa Health Insurance Company Limited | 0.78% | down 0.03 pts | ₹48 L | down ₹0 L | Trimmed |
| PNB Housing Finance Limited | 0.47% | down 0.03 pts | ₹29 L | down ₹1 L | Trimmed |
What changed, Oct 2025 to Nov 2025
New New positions (2)
- SBFC Finance Limited2.7% · ₹1.6 Cr
- Life Insurance Corporation Of India1.0% · ₹60 L
Exited Exited (4)
- Bajaj Holdings & Investment Limitedwas 2.9% · ₹1.8 Cr
- Cholamandalam Investment and Finance Company Limitedwas 2.2% · ₹1.3 Cr
- Sundaram Clayton Limitedwas 1.9% · ₹1.2 Cr
- The South Indian Bank Limitedwas 1.3% · ₹75 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 Oct 2025, the weight rose most in Finance (+3.0 pts) and Capital Markets (+1.9 pts), and fell most in Banks (−3.4 pts) and Auto Ancillaries (−2.1 pts).
- Finance37.1% → 40.0%+3.0 pts
- Capital Markets12.1% → 14.0%+1.9 pts
- Insurance8.6% → 9.4%+0.8 pts
- Banks38.7% → 35.3%−3.4 pts
- Auto Ancillaries2.1% → 0.0%exited−2.1 pts
- IT - Services1.4% → 1.2%−0.1 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 | Nov 2024 | May 2025 | Aug 2025 | Oct 2025 | Nov 2025 |
|---|---|---|---|---|---|
| Finance | 16.3% | 20.3% | 28.4% | 37.1% | 40.0% |
| Banks | 55.6% | 47.8% | 50.2% | 38.7% | 35.3% |
| Capital Markets | 14.7% | 17.5% | 6.3% | 12.1% | 14.0% |
| Insurance | 11.1% | 9.9% | 10.6% | 8.6% | 9.4% |
| IT - Services | — | — | 1.2% | 1.4% | 1.2% |
Allocation in Nov 2025change vs Oct 2025
- Finance (14)40.0%▲ 3.0 pts
- Banks (5)35.3%▼ 3.4 pts
- Capital Markets (6)14.0%▲ 1.9 pts
- Insurance (5)9.4%▲ 0.8 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 2025
3.6%
▲ 0.6 pts vs Oct 2025
- Cash alone
- 3.6%
- cash and net receivables
- A year earlier
- 3.5%
- Nov 2024 · now ▲ 0.1 pts
- Last 12 months
- 0.2% – 10.8%
- 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.