Groww Banking & Financial Services Fund

Groww Mutual FundThematicPortfolio as of 31 July 2026

Groww Banking & Financial Services Fund holds 36 instruments (95.21% equity), led by ICICI Bank Limited (10.8%), Axis Bank Limited (5.73%) and Ujjivan Small Finance Bank Limited (4.11%), as of its 31 July 2026 SEBI-mandated monthly disclosure.

Holdings
36
Equity Allocation
95.21%
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 31 July 2026. The fund holds 36 instruments with an equity allocation of 95.21%. 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 45.86% of its portfolio, more diversified than the Thematic category average of 50.4%. Financial Services is its largest sector exposure at 89.43% of net assets, spread across 3 sectors in total. Since its 30 June 2026 disclosure, the fund added 3 new positions and exited 1 position, with ICICI Bank Limited seeing the largest move (+2.89pp to 10.8%).

Top 10 Equity Holdings

What Changed: June 2026 → July 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.

3 new entries1 exit4 increased10 reduced

Biggest Weight Increases

StockWeightChange
ICICI Bank Limited7.91% → 10.8%▲ +2.89
Ujjivan Small Finance Bank Limited3.73% → 4.11%▲ +0.38
Karur Vysya Bank Limited1.92% → 2.02%▲ +0.1
OnEMI Technology Solutions Limited3.1% → 3.2%▲ +0.1

Biggest Weight Reductions

StockWeightChange
BSE Limited5.12% → 3.03%▼ -2.09
Axis Bank Limited6.91% → 5.73%▼ -1.18
PB Fintech Limited2.21% → 1.04%▼ -1.17
Nippon Life India Asset Management Limited2.38% → 1.76%▼ -0.62
Multi Commodity Exchange of India Limited4.33% → 3.73%▼ -0.6
ICICI Prudential Asset Management Company Limited3.77% → 3.22%▼ -0.55
Piramal Finance Limited3.53% → 3.04%▼ -0.49
Angel One Limited2.22% → 1.82%▼ -0.4
India Shelter Finance Corporation Limited2.72% → 2.33%▼ -0.39
Cartrade Tech Limited4.28% → 3.93%▼ -0.35

Top Holdings — Weight Trend

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

Feb: 9.56%, Mar: 5.85%, Apr: 7.5%, May: 7.78%, Jun: 7.91%, Jul: 10.8%
10.8%
Feb: 6.03%, Mar: 5.6%, Apr: 4.16%, May: 7.11%, Jun: 6.91%, Jul: 5.73%
5.73%
Feb: 2.25%, Mar: 3.27%, Apr: 3.75%, May: 3.7%, Jun: 3.73%, Jul: 4.11%
4.11%
Feb: –, Mar: –, Apr: –, May: –, Jun: 4.28%, Jul: 3.93%
3.93%
Feb: 6.45%, Mar: 5.75%, Apr: 4.13%, May: 3.91%, Jun: 4.02%, Jul: 3.83%
3.83%

Full Portfolio (36 holdings)

#HoldingSector% to NAV
1ICICI Bank LimitedFinancial Services10.8%
2Axis Bank LimitedFinancial Services5.73%
3Ujjivan Small Finance Bank LimitedFinancial Services4.11%
4TREPS_RED_03.08.2026other4.11%
5Cartrade Tech LimitedConsumer Discretionary3.93%
6Bajaj Finance LimitedFinancial Services3.83%
7Multi Commodity Exchange of India LimitedFinancial Services3.73%
8RBL Bank LimitedFinancial Services3.69%
9One 97 Communications LimitedFinancial Services3.62%
10ICICI Prudential Asset Management Company LimitedFinancial Services3.22%
11OnEMI Technology Solutions LimitedFinancial Services3.2%
12Piramal Finance LimitedFinancial Services3.04%
13BSE LimitedFinancial Services3.03%
14Aditya Birla Capital LimitedFinancial Services2.99%
15SBFC Finance LimitedFinancial Services2.87%
16The Federal Bank LimitedFinancial Services2.84%
17Prudent Corporate Advisory Services LimitedFinancial Services2.84%
18L&T Finance LimitedFinancial Services2.75%
19Home First Finance Company India LimitedFinancial Services2.5%
20Shriram Finance LimitedFinancial Services2.49%
21Nuvama Wealth Management LimitedFinancial Services2.35%
22India Shelter Finance Corporation LimitedFinancial Services2.33%
23Karur Vysya Bank LimitedFinancial Services2.02%
24Max Financial Services LimitedFinancial Services1.84%
25Angel One LimitedFinancial Services1.82%
26SBI Life Insurance Company LimitedFinancial Services1.81%
27Nippon Life India Asset Management LimitedFinancial Services1.76%
28The Jammu & Kashmir Bank LimitedFinancial Services1.75%
29Tamilnad Mercantile Bank LimitedFinancial Services1.59%
30City Union Bank LimitedFinancial Services1.57%
31INOX India LimitedIndustrials1.36%
32SBI FUNDS MANAGEMENT LTDFinancial Services1.26%
33PB Fintech LimitedFinancial Services1.04%
34CREDITACCESS GRAMEEN LIMITEDFinancial Services1.01%
35Net Receivable/Payableother0.69%
36FSN E-Commerce Ventures LimitedConsumer Discretionary0.49%

Frequently Asked Questions

Yes. As of its 31 July 2026 disclosure, ICICI Bank Limited is 10.8% of Groww Banking & Financial Services Fund's net assets — its number 1 holding.
Yes. As of its 31 July 2026 disclosure, Axis Bank Limited is 5.73% of Groww Banking & Financial Services Fund's net assets — its number 2 holding.
Yes. As of its 31 July 2026 disclosure, Ujjivan Small Finance Bank Limited is 4.11% of Groww Banking & Financial Services Fund's net assets — its number 3 holding.
Yes. As of its 31 July 2026 disclosure, Cartrade Tech Limited is 3.93% of Groww Banking & Financial Services Fund's net assets — its number 4 holding.
Yes. As of its 31 July 2026 disclosure, Bajaj Finance Limited is 3.83% 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 31 July 2026. Data is for information only, not investment advice. Holdings may have changed since the disclosure date.