NFO period: 17^th January – 31^st January, 2024

Highlights of the NFO:

• Scheme type – An open ended equity scheme investing in banking and financial services related sectors


• Investment 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). However, there is no assurance or guarantee that the investment objective of the scheme will be achieved. The scheme does not assure or guarantee any returns.


• Product suitability – The product is suitable for investors who are seeking Looking for long-term capital appreciation, with an investment horizon of 5 - 10 years seeking by investing predominantly in equity and equity-related instruments of the companies engaged in the financial services sector looking to benefit from growth opportunities and the potential of companies engaged in banking and financial services and other related sectors seeking investing opportunities across multiple BFSI sub-sectors having a slightly higher risk appetite. Those who already have a well-diversified portfolio, and are looking for some amount of concentration for the potential of out-sized returns.


• Minimum Application Amount – First investment is Rs. 500/- and in multiples of Rs. 1/- thereafter


• Plan/ Options available – Regular Plan and Direct Plan having Growth option, Payout of Income Distribution cum capital withdrawal (IDCW) option and Reinvestment of Income Distribution cum capital withdrawal (IDCW) option.


• Fund Managers – Mr. Anupam Tiwari


• Benchmark – Nifty Financial Services Total Return Index. The performance of Groww Banking and Financial Services Fund is benchmarked against the Nifty Financial Services (Total Return Index)