Groww Banking & Financial Services Fund - Regular Plan - Idcw - Reinvestment

Groww Banking & Financial Services Fund - Regular Plan - Idcw - Reinvestment is a scheme launched by Groww Mutual Fund on January 31, 2024, and falls under the Banking & Financial fund category. It currently manages an AUM of Rs 56.14 crore. The fund permits investments with a minimum SIP of Rs 500 and a lump sum of Rs 500. It charges an expense ratio of 0% for managing the portfolio.

• Investing Strategy:

  The primary investment objective of the scheme is to generate consistent long-term returns by investing in equity and equity-related instruments of banking and financial services companies and other related sectors/companies. The fund aims to capitalize on the growth opportunities and growth potential of various sub-sectors within the BFSI sector, including (but not limited to) banks, NBFCs, insurance companies, asset management companies, capital market participants, fintech players etc. (This includes companies benefiting from or contributing to the growth of the banking and financial services sector).

• Performance:

  Groww Banking & Financial Services Fund - Regular Plan - Idcw - Reinvestment trailing returns over different times are 5.21% (1 year), 0% (3 year) and 0% (5 year). The average annual return of this fund stands at 5.84%.