myplexus

NFO Monitor

Fund Fact

Name of Funds:

Groww Banking & Financial Services

Opening:

17th January 2024

Closing:

31st January 2024

Minimum Investment:

Rs. 500/- and in multiples of Re.1

Plan:

Regular and Direct

Options:

Growth and IDCW

Entry Load:

Nil

Exit Load:

Nil

Fund Stats

Objective:

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).

Benchmark:

NIFTY Financial Services

Fund Manager:

Anupam Tiwari

Asset Allocation

80-100% Equity upto 20% Money Market

upto 20% Debt upto 10% Others

Comparable existing schemes

ICICI Prudential Banking and Financial Services Fund	3.86(6M)	19.39(1Y)
SBI Banking & Financial Services Fund	12.81(6M)	28.36(1Y)

Fund Prognosis

Idea Distiller

Financial and the allied services are seemingly a place where value exists. And coupled with rapid GDP growth, this could get bigger.

Fund House AAUM:
Rs. 47855.53 Lakhs (as on 31st December 2023)
Fund Manager:
Experience of above 19 years

Scheme DNA 4 fundamentals

Uniqueness

Return

Risk

Operability

Oomph Factor

If you are a risk taker then sure. This sector, although the index remains flattish, could provide decent management alpha.

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