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NIFTY 5022,453.30+0.98%SENSEX74,235.62+1.24%BANK NIFTY48,892.15+1.45%NIFTY IT35,124.80-0.52%NIFTY MIDCAP52,487.25+0.87%NIFTY 5022,453.30+0.98%SENSEX74,235.62+1.24%BANK NIFTY48,892.15+1.45%NIFTY IT35,124.80-0.52%NIFTY MIDCAP52,487.25+0.87%
MF—Regular · Growth

Groww Nifty Private Bank Index Fund - Regular Plan - Growth

Index Funds - OtherIndex Funds - OtherBenchmark: Nifty Private Bank - TRI
NAV · 15 Sep 2026₹10.07-1.36%
AUM₹6 Cr
Expense Ratio2.26%
CAGR—
Exit LoadNIL
Min SIP₹500
Launched2026

Investment Objective

The investment objective of the Scheme is to generate long-term capital growth by investing in securities of the Nifty Private Bank Index in the same proportion/weightage with an aim to provide returns before expenses that track the total return of Nifty Private Bank Index, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.

Fund Mandate

Constituents of Nifty Private Bank Index95%–100%
Money market instruments / debt securities, Instruments and/or units of debt/liquid schemes of domestic MF0%–5%
Asset Allocation
Domestic Equity99.8%
Cash & Equivalents0.2%
Fund Managers
NS
Nikhil Satam
Fund Manager
Key Information
2.26%
₹500
₹500
NIL
Nil
Inception25 May 2026
AMC—
Top Holdings
1ICICI Bank LimitedBanks22.04%
2Kotak Mahindra Bank LimitedBanks20.71%
3Axis Bank LimitedBanks18.96%
4HDFC Bank LimitedBanks18.61%
5The Federal Bank LimitedBanks5.90%
6IndusInd Bank LimitedBanks4.49%
7IDFC First Bank LimitedBanks3.82%
8Yes Bank LtdBanks2.69%
9RBL Bank LimitedBanks1.58%
10Bandhan Bank LimitedBanks1.00%
Sector Allocation
Banks99.8%
Other0.2%
On This Page
NAV growthAsset allocationTop holdings
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Trailing Returns
PeriodReturns
1 Day-1.36%
1 Week-1.50%
1 Month-0.77%
3 Months-2.50%
+0.65%
Risk Metrics

Risk metrics are not available for this fund.

Fees
2.26%
NIL
Nil
₹500
₹500
Capital Gains Tax, general rules

This is an equity-oriented fund. Under rules effective since Budget 2024 (23 July 2024):

Short-Term Capital Gains (held ≤ 12 months): taxed at a flat 20%.

Long-Term Capital Gains (held > 12 months): taxed at 12.5% on gains above ₹1.25 lakh in a financial year, with no indexation benefit.

General information only, not tax advice, actual liability depends on your overall income and applicable law at the time of redemption. Consult a tax advisor for your specific situation.

Frequently Asked QuestionsGeneral mutual-fund FAQs, not specific to this scheme