Groww Banking & Financial Services Fund

Groww Mutual FundThematicPortfolio as of 30 September 2026

Groww Banking & Financial Services Fund holds 43 instruments (95.18% equity), led by Kotak Mahindra Bank Limited (4.63%), Axis Bank Limited (4.46%) and Multi Commodity Exchange of India Limited (4.21%), as of its 30 September 2026 SEBI-mandated monthly disclosure.

Holdings
43
Equity Allocation
95.18%
AMC
Groww Mutual Fund
Category
Thematic

This page shows the complete disclosed portfolio of Groww Banking & Financial Services Fund, managed by Groww Mutual Fund, based on its monthly portfolio disclosure dated 30 September 2026. The fund holds 43 instruments with an equity allocation of 95.18%. Percentages are of net assets (% to NAV). Click any stock to see every other mutual fund that also holds it.

Portfolio Analysis

Groww Banking & Financial Services Fund's top 10 holdings account for 37.89% of its portfolio, more diversified than the Thematic category average of 49.2%. Financial Services is its largest sector exposure at 90.63% of net assets, spread across 2 sectors in total. Since its 31 August 2026 disclosure, the fund added 6 new positions and exited 2 positions, with PB Fintech Limited seeing the largest move (-1.01pp to 1.7%).

Sector Breakdown

Equity holdings grouped by sector, % to NAV. "Other" covers debt, cash and other non-equity instruments, plus any equity holding without a classified sector.

Financial Services
90.63%
Other
4.81%
Consumer Discretionary
4.55%

Top 10 Equity Holdings

What Changed: August 2026 → September 2026

Equity holdings compared between the fund's two latest monthly disclosures. Weights are % to NAV; weight moves can also reflect price changes, not only buying or selling.

6 new entries2 exits10 increased10 reduced

Biggest Weight Increases

StockWeightChange
Tamilnad Mercantile Bank Limited1.6% → 2.27%▲ +0.67
Canara HSBC Life Insurance Company Limited0.94% → 1.54%▲ +0.6
Nuvama Wealth Management Limited2.1% → 2.68%▲ +0.58
Aye Finance Limited1.69% → 2.08%▲ +0.39
Angel One Limited1.61% → 1.97%▲ +0.36
Ujjivan Small Finance Bank Limited3.64% → 4%▲ +0.36
OnEMI Technology Solutions Limited3.33% → 3.62%▲ +0.29
Pine Labs Limited2.41% → 2.7%▲ +0.29
Cartrade Tech Limited3.97% → 4.18%▲ +0.21
Max Financial Services Limited1.77% → 1.91%▲ +0.14

Biggest Weight Reductions

StockWeightChange
PB Fintech Limited2.71% → 1.7%▼ -1.01
SBFC Finance Limited2.88% → 2.11%▼ -0.77
Bajaj Finance Limited3.26% → 2.51%▼ -0.75
One 97 Communications Limited3.74% → 3.1%▼ -0.64
IndusInd Bank Limited2.34% → 1.76%▼ -0.58
AU Small Finance Bank Limited2.66% → 2.1%▼ -0.56
L&T Finance Limited2.61% → 2.15%▼ -0.46
Home First Finance Company India Limited2.25% → 1.81%▼ -0.44
Shriram Finance Limited3.38% → 2.99%▼ -0.39
Nippon Life India Asset Management Limited1.63% → 1.26%▼ -0.37

Top Holdings — Weight Trend

% to NAV of the fund's current top holdings over its last 6 monthly disclosures (Apr – Sept 2026).

Apr: 2.93%, May: –, Jun: –, Jul: –, Aug: –, Sept: 4.63%
4.63%
Apr: 4.16%, May: 7.11%, Jun: 6.91%, Jul: 5.73%, Aug: 4.59%, Sept: 4.46%
4.46%
Apr: 4.99%, May: 4.85%, Jun: 4.33%, Jul: 3.73%, Aug: 4.54%, Sept: 4.21%
4.21%
Apr: –, May: –, Jun: 4.28%, Jul: 3.93%, Aug: 3.97%, Sept: 4.18%
4.18%
Apr: 3.75%, May: 3.7%, Jun: 3.73%, Jul: 4.11%, Aug: 3.64%, Sept: 4%
4%

Full Portfolio (43 holdings)

#HoldingSector% to NAV
1Kotak Mahindra Bank LimitedFinancial Services4.63%
2Axis Bank LimitedFinancial Services4.46%
3TREPS_RED_01.10.2026other—4.34%
4Multi Commodity Exchange of India LimitedFinancial Services4.21%
5Cartrade Tech LimitedConsumer Discretionary4.18%
6Ujjivan Small Finance Bank LimitedFinancial Services4%
7MANIPAL PAYMENT AND IDENTITYFinancial Services3.78%
8OnEMI Technology Solutions LimitedFinancial Services3.62%
9One 97 Communications LimitedFinancial Services3.1%
10Shriram Finance LimitedFinancial Services2.99%
11RBL Bank LimitedFinancial Services2.92%
12Piramal Finance LimitedFinancial Services2.92%
13State Bank of IndiaFinancial Services2.92%
14Prudent Corporate Advisory Services LimitedFinancial Services2.91%
15ICICI Prudential Asset Management Company LimitedFinancial Services2.71%
16Pine Labs LimitedFinancial Services2.7%
17Nuvama Wealth Management LimitedFinancial Services2.68%
18Bajaj Finance LimitedFinancial Services2.51%
19Aditya Birla Capital LimitedFinancial Services2.49%
20Tamilnad Mercantile Bank LimitedFinancial Services2.27%
21L&T Finance LimitedFinancial Services2.15%
22GAJA ALTERNATIVE ASSET MANAGFinancial Services2.15%
23SBFC Finance LimitedFinancial Services2.11%
24AU Small Finance Bank LimitedFinancial Services2.1%
25Aye Finance LimitedFinancial Services2.08%
26Angel One LimitedFinancial Services1.97%
27Max Financial Services LimitedFinancial Services1.91%
28Home First Finance Company India LimitedFinancial Services1.81%
29IndusInd Bank LimitedFinancial Services1.76%
30PB Fintech LimitedFinancial Services1.7%
31India Shelter Finance Corporation LimitedFinancial Services1.59%
32Canara HSBC Life Insurance Company LimitedFinancial Services1.54%
33Motilal Oswal Financial Services LimitedFinancial Services1.43%
34Arman Financial Services LimitedFinancial Services1.36%
35City Union Bank LimitedFinancial Services1.34%
36Nippon Life India Asset Management LimitedFinancial Services1.26%
37The Jammu & Kashmir Bank LimitedFinancial Services1.21%
38Karur Vysya Bank LimitedFinancial Services1.1%
39CREDITACCESS GRAMEEN LIMITEDFinancial Services0.92%
40ASSET RECONSTRUCTION COFinancial Services0.68%
41SBI FUNDS MANAGEMENT LTDFinancial Services0.64%
42Net Receivable/Payableother—0.47%
43FSN E-Commerce Ventures LimitedConsumer Discretionary0.37%

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Frequently Asked Questions

Yes. As of its 30 September 2026 disclosure, Kotak Mahindra Bank Limited is 4.63% of Groww Banking & Financial Services Fund's net assets — its number 1 holding.
Yes. As of its 30 September 2026 disclosure, Axis Bank Limited is 4.46% of Groww Banking & Financial Services Fund's net assets — its number 2 holding.
Yes. As of its 30 September 2026 disclosure, Multi Commodity Exchange of India Limited is 4.21% of Groww Banking & Financial Services Fund's net assets — its number 3 holding.
Yes. As of its 30 September 2026 disclosure, Cartrade Tech Limited is 4.18% of Groww Banking & Financial Services Fund's net assets — its number 4 holding.
Yes. As of its 30 September 2026 disclosure, Ujjivan Small Finance Bank Limited is 4% of Groww Banking & Financial Services Fund's net assets — its number 5 holding.

New to reading these? See How to Read a Mutual Fund's Monthly Portfolio Disclosure, or check terms like % to NAV in the glossary.

Source: Groww Mutual Fund's SEBI-mandated monthly portfolio disclosure, dated 30 September 2026. Data is for information only, not investment advice. Holdings may have changed since the disclosure date.