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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
₹70.1 Cr
up ₹1.6 Cr vs Apr 2026
- Stocks held
- 31
- down 3 vs Apr 2026
- Top 10 weight
- 51.1%
- of the portfolio in its ten largest
- Cash & debt
- 1.3%
- 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 May 2026 it disclosed 31 stocks worth ₹70.1 Cr, up ₹1.6 Cr from Apr 2026. Its largest positions were ICICI Bank Limited (7.8%), HDFC Bank Limited (7.7%), Axis Bank Limited (7.1%); the ten largest together made up 51.1% of the portfolio, and Banks was the biggest sector at 46.1% of its equity. Cash and debt stood at 1.3%. Compared with Apr 2026 the fund entered 4 new stocks and exited 7.
Against 229 other Sectoral / Thematic funds
Concentration
60%
Top-10 weight is higher than 60% of peers
Breadth
17%
Holds more stocks than 17% of peers
Cash
15%
Holds more cash than 15% of peers
What these mean: concentration · cash
Holdings in May 2026
Download CSVEvery line the fund disclosed, with the change against Apr 2026. 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 | 7.78% | up 0.29 pts | ₹5.5 Cr | up ₹32 L | Added |
| HDFC Bank Limited | 7.69% | up 7.69 pts | ₹5.4 Cr | up ₹5.4 Cr | New |
| Axis Bank Limited | 7.11% | up 2.95 pts | ₹5 Cr | up ₹2.1 Cr | Added |
| BSE Limited | 5.91% | up 0.60 pts | ₹4.1 Cr | up ₹51 L | Added |
| Multi Commodity Exchange of India Limited | 4.85% | down 0.14 pts | ₹3.4 Cr | down ₹2 L | Trimmed |
| Bajaj Finance Limited | 3.91% | down 0.22 pts | ₹2.7 Cr | down ₹9 L | Trimmed |
| Ujjivan Small Finance Bank Limited | 3.70% | down 0.05 pts | ₹2.6 Cr | up ₹2 L | Added |
| RBL Bank Limited | 3.68% | up 3.68 pts | ₹2.6 Cr | up ₹2.6 Cr | New |
| SBFC Finance Limited | 3.55% | down 0.01 pts | ₹2.5 Cr | up ₹5 L | Added |
| India Shelter Finance Corporation Limited | 2.91% | down 0.25 pts | ₹2 Cr | down ₹12 L | Trimmed |
| Prudent Corporate Advisory Services Limited | 2.78% | down 0.17 pts | ₹1.9 Cr | down ₹8 L | Trimmed |
| Onemi Technology Solutions Limited | 2.75% | up 2.75 pts | ₹1.9 Cr | up ₹1.9 Cr | New |
| The Federal Bank Limited | 2.72% | down 0.04 pts | ₹1.9 Cr | up ₹1 L | Added |
| Aditya Birla Capital Limited | 2.68% | down 0.48 pts | ₹1.9 Cr | down ₹29 L | Trimmed |
| Shriram Transport Finance Company Limited Shriram Finance Limited · history in this fund | 2.67% | down 0.03 pts | ₹1.9 Cr | up ₹2 L | Added |
| Home First Finance Company India Limited | 2.66% | down 0.31 pts | ₹1.9 Cr | down ₹17 L | Trimmed |
| L&T Finance Limited | 2.59% | down 0.58 pts | ₹1.8 Cr | down ₹35 L | Trimmed |
| State Bank of India | 2.58% | down 3.18 pts | ₹1.8 Cr | down ₹2.1 Cr | Trimmed |
| PB Fintech Limited | 2.49% | down <0.01 pts | ₹1.7 Cr | up ₹4 L | Added |
| Union Bank of India | 2.46% | down 0.03 pts | ₹1.7 Cr | up ₹2 L | Added |
| Max Financial Services Limited | 2.44% | up 0.08 pts | ₹1.7 Cr | up ₹9 L | Added |
| Nippon Life India Asset Management Limited | 2.43% | up 0.15 pts | ₹1.7 Cr | up ₹14 L | Added |
| Fedbank Financial Services Limited | 2.39% | up 0.18 pts | ₹1.7 Cr | up ₹16 L | Added |
| SBI Life Insurance Company Limited | 2.09% | down 0.04 pts | ₹1.5 Cr | up ₹1 L | Added |
| Karur Vysya Bank Limited | 2.02% | down 0.08 pts | ₹1.4 Cr | down ₹2 L | Trimmed |
| HDFC Bank Limited 28/07/2026 Derivative | 1.94% | up 1.94 pts | ₹1.4 Cr | up ₹1.4 Cr | New |
| City Union Bank Limited | 1.73% | down 0.14 pts | ₹1.2 Cr | down ₹7 L | Trimmed |
| The Jammu & Kashmir Bank Limited | 1.57% | up 0.58 pts | ₹1.1 Cr | up ₹42 L | Added |
| Tamilnad Mercantile Bank Limited | 1.53% | up 1.53 pts | ₹1.1 Cr | up ₹1.1 Cr | New |
| Cash, TREPS & receivables | 1.32% | down 1.59 pts | ₹93 L | down ₹1.1 Cr | Trimmed |
| Angel One Limited | 1.16% | down 1.06 pts | ₹81 L | down ₹71 L | Trimmed |
| CreditAccess Grameen Limited | 0.98% | down 0.87 pts | ₹69 L | down ₹58 L | Trimmed |
| ARMAN FINANCIAL SERVICES LTD | 0.95% | down 0.58 pts | ₹67 L | down ₹38 L | Trimmed |
What changed, Apr 2026 to May 2026
New New positions (4)
- HDFC Bank Limited7.7% · ₹5.4 Cr
- RBL Bank Limited3.7% · ₹2.6 Cr
- Onemi Technology Solutions Limited2.7% · ₹1.9 Cr
- Tamilnad Mercantile Bank Limited1.5% · ₹1.1 Cr
Exited Exited (7)
- Kotak Mahindra Bank Limitedwas 2.9% · ₹2 Cr
- Bank of Barodawas 2.0% · ₹1.4 Cr
- Five Star Business Finance Limitedwas 1.8% · ₹1.2 Cr
- Northern Arc Capital Limitedwas 1.7% · ₹1.2 Cr
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 Apr 2026, the weight rose most in Banks (+8.6 pts), and fell most in Finance (−5.6 pts) and Leisure Services (−1.6 pts).
- Banks37.4% → 46.1%+8.6 pts
- Finance34.6% → 29.0%−5.6 pts
- Leisure Services1.6% → 0.0%exited−1.6 pts
- Insurance5.6% → 4.7%−0.9 pts
- Capital Markets18.3% → 17.7%−0.6 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 | May 2025 | Nov 2025 | Feb 2026 | Apr 2026 | May 2026 |
|---|---|---|---|---|---|
| Banks | 47.8% | 35.3% | 40.6% | 37.4% | 46.1% |
| Finance | 20.3% | 40.0% | 37.8% | 34.6% | 29.0% |
| Capital Markets | 17.5% | 14.0% | 11.7% | 18.3% | 17.7% |
| Insurance | 9.9% | 9.4% | 8.2% | 5.6% | 4.7% |
| Financial Technology (fintech) | 4.5% | — | 1.6% | 2.6% | 2.6% |
Allocation in May 2026change vs Apr 2026
- Banks (12)46.1%▲ 8.6 pts
- Finance (11)29.0%▼ 5.6 pts
- Capital Markets (5)17.7%▼ 0.6 pts
- Insurance (2)4.7%▼ 0.9 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, May 2026
1.3%
▼ 1.6 pts vs Apr 2026
- Cash alone
- 1.3%
- cash and net receivables
- A year earlier
- 3.4%
- May 2025 · now ▼ 2.1 pts
- Last 12 months
- 1.3% – 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.