Groww Banking & Financial Services Fund vs Groww Small Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Groww Banking & Financial Services Fund is a Sectoral fund and Groww Small Cap Fund is a Small Cap fund. Groww Banking & Financial Services Fund charges 1.30% a year and Groww Small Cap Fund 1.06% (Direct plans). Their portfolios overlap 24.5%: they hold 18 of the same securities.
Groww Banking & Financial Services Fund
Sectoral
- Expense ratio
- 1.30%
- NAV
- ₹12.18
Which is better, Groww Banking & Financial Services or Groww Small Cap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Groww Small Cap costs less: 1.06% a year against 1.30% (Direct plans).
- Groww Small Cap fell less in its worst fall since 02-02-2026: −10.8% against −14.3%.
- Groww Banking & Financial Services holds more in large companies: 20.2% of the fund in large caps against 0.0%.
- Groww Small Cap is the larger fund: ₹966 Cr against ₹107 Cr.
- Their portfolios overlap 24.5%: 18 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Groww Banking & Financial Services Fund | Groww Small Cap Fund |
|---|---|---|
| Fund house | Groww Mutual Fund | Groww Mutual Fund |
| Category | Sectoral | Small Cap |
| AUM | ₹107 Cr (30-09-2026) | ₹966 Cr (30-09-2026) |
| NAV | ₹12.18 (Direct) | ₹12.09 (Direct) |
| Expense ratio (Direct) | 1.30% | 1.06% |
| Expense ratio (Regular) | 3.03% | 2.70% |
| Riskometer | Very High | Low to Moderate |
| Benchmark | Nifty Financial Services TRI | Nifty Smallcap 250 TRI |
| Launch date | 07-02-2024 | 29-01-2026 |
| Minimum investment | ₹500 | ₹500 |
| Lock in | None | None |
| Fund managers | Anupam Tiwari, Gagan Thareja, Saptarshee Chatterjee, Nikhil Satam | Anupam Tiwari, Gagan Thareja, Fund Manager), Saptarshee Chatterjee, Nikhil Satam, amp, Dealer - Equity) |
| Exit load | Exit load of 1%, if redeemed within 30 days. | Exit load of 1%, if redeemed within 1 Year. |
Groww Banking & Financial Services vs Groww Small Cap: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Groww Banking & Financial Services Fund (Direct) | −7.36% | −8.92% | −2.67% | −1.57% | -- | -- | -- |
| Groww Small Cap Fund (Direct) | −6.67% | +0.37% | +10.28% | -- | -- | -- | -- |
| Sectoral average | −1.70% | −4.49% | +2.30% | −0.58% | -- | -- | -- |
| Small Cap average | −5.86% | −3.28% | +5.03% | -- | -- | -- | -- |
Category average: the average of the 20 Sectoral funds and the 36 Small Cap funds, same plan type.
Groww Banking & Financial Services vs Groww Small Cap: Year-wise Returns
| Year | Banking & Financial ServicesGroww Banking & Financial Services | Small CapGroww Small Cap |
|---|---|---|
| 2026to date | −1.90% | -- |
| 2025 | +11.03% | -- |
Groww Banking & Financial Services vs Groww Small Cap: Rolling Returns
Every holding period of both funds, against Nifty Financial Services TRI, the benchmark of Groww Banking & Financial Services Fund
Groww Banking & Financial Services vs Groww Small Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Groww Banking & Financial Services Fund (Direct) | Groww Small Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.66% | +28.80% |
| Standard deviation | 16.04% | 18.04% |
| Sharpe ratio | 0.11 | 1.31 |
| Sortino ratio | 0.15 | 1.86 |
| Maximum drawdown | −16.4% (03-03-2025) | −10.8% (23-10-2026) |
| Beta | 0.89 | 0.86 |
| Alpha | −0.42% | +17.88% |
From daily NAVs, 07-02-2024 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Groww Banking & Financial Services Fund (Direct)
Groww Small Cap Fund (Direct)
Nifty Financial Services TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Groww Banking & Financial Services Fund (Direct) | −14.3% | 18-02-2026 | 31-03-2026 | 21-04-2026 | 21 days | −12.9% |
| Groww Small Cap Fund (Direct) | −10.8% | 23-09-2026 | 23-10-2026 | Not yet | -- | −8.6% |
| Nifty Financial Services TRI | −17.3% | 18-02-2026 | 30-03-2026 | Not yet | -- | −12.4% |
From daily values since 02-02-2026, the first day every fund has.
Groww Banking & Financial Services vs Groww Small Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Groww Banking & Financial Services Fund, September 2026; Groww Small Cap Fund, September 2026
Holdings in common
- Overlap
- 24.5%
- Held by both
- 18
- Only in Groww Banking & Financial Services
- 23
- Only in Groww Small Cap
- 49
| Security | % of Groww Banking & Financial Services | % of Groww Small Cap |
|---|---|---|
| Manipal Payment Identity Solutions Ltd | 3.78% | 3.50% |
| Ujjivan Small Finance Bank Limited | 4.00% | 2.89% |
| OnEMI Technology Solutions Limited | 3.62% | 2.75% |
| Tamilnad Mercantile Bank Ltd. | 2.27% | 1.88% |
| Prudent Corporate Advisory Services Ltd | 2.91% | 1.71% |
| Home First Finance Company India Limited | 1.81% | 1.55% |
| Multi Commodity Exchange of India Ltd. | 4.21% | 1.54% |
| SBFC Finance Limited | 2.11% | 1.38% |
| City Union Bank Limited | 1.34% | 1.44% |
| RBL Bank Limited | 2.92% | 0.98% |
| CarTrade Tech Limited | 4.18% | 0.94% |
| Creditaccess Grameen Limited | 0.92% | 1.13% |
| Nuvama Wealth Management Limited | 2.68% | 0.88% |
| Karur Vysya Bank Limited | 1.10% | 0.71% |
| Angel One Limited | 1.97% | 0.52% |
| The Jammu & Kashmir Bank Limited | 1.21% | 0.42% |
| Asset Reconstruction Company (India)Ltd | 0.68% | 0.36% |
| Gaja Alternative AMC Limited | 2.15% | 0.22% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 24.5% means 24.5% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Groww Banking & Financial Services Fund
| Security | % of fund |
|---|---|
| Kotak Mahindra Bank Limited | 4.63% |
| Axis Bank Limited | 4.46% |
| One 97 Communications Limited | 3.10% |
| Shriram Finance Limited | 2.99% |
| Piramal Finance Ltd | 2.92% |
Largest holdings only in Groww Small Cap Fund
| Security | % of fund |
|---|---|
| TD Power Systems Limited | 3.55% |
| TENNECO CLEAN AIR INDIA LIMITED | 2.83% |
| Kanohar Electricals Limited | 2.35% |
| Ather Energy Limited | 2.30% |
| Escorts Kubota Limited | 2.29% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Groww Banking & Financial Services | Groww Small Cap |
|---|---|---|
| Equity | 95.2% | 87.6% |
| Debt | 0.0% | 0.0% |
| Cash and others | 4.8% | 12.4% |
Market cap of stocks
| Market cap | Groww Banking & Financial Services | Groww Small Cap |
|---|---|---|
| Large Cap | 20.2% | 0.0% |
| Mid Cap | 25.4% | 10.5% |
| Small Cap | 42.3% | 61.5% |
| Not on AMFI's list | 7.3% | 15.6% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Groww Banking & Financial Services | Groww Small Cap |
|---|---|---|
| Banks | 28.7% | 8.3% |
| Finance | 27.2% | 7.2% |
| Capital Markets | 20.0% | 4.9% |
| Auto Components | 0.0% | 14.9% |
| Financial Technology (Fintech) | 11.3% | 3.5% |
| Electrical Equipment | 0.0% | 10.7% |
| Industrial Products | 0.0% | 7.0% |
| Healthcare Services | 0.0% | 6.4% |
| Retailing | 4.5% | 2.8% |
| Insurance | 3.5% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Groww Banking & Financial Services vs Groww Small Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Groww Banking & Financial Services Fund | Groww Small Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.30% | 1.06% |
| Base expense ratio (Direct) | 0.58% | 0.48% |
| Total expense ratio (Regular) | 3.03% | 2.70% |
| Base expense ratio (Regular) | 2.10% | 1.93% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
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Groww Banking & Financial Services Fund vs Groww Small Cap Fund: Frequently Asked Questions
What is the difference between Groww Banking & Financial Services Fund and Groww Small Cap Fund?
Groww Banking & Financial Services Fund is a Sectoral fund, Groww Small Cap Fund is a Small Cap fund, run by Groww Mutual Fund. Their portfolios overlap 24.5%. Groww Banking & Financial Services Fund charges 1.30% a year and Groww Small Cap Fund 1.06%.
Which has the lower expense ratio, Groww Banking & Financial Services Fund or Groww Small Cap Fund?
Groww Small Cap Fund charges less: 1.06% a year against 1.30%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Groww Banking & Financial Services Fund and Groww Small Cap Fund overlap?
24.5%. They hold 18 of the same securities, the largest shared ones being Manipal Payment Identity Solutions Ltd, UJJIVANSFB, KISSHT. From each fund's latest monthly portfolio.
Which is riskier, Groww Banking & Financial Services Fund or Groww Small Cap Fund?
On SEBI's riskometer, Groww Banking & Financial Services Fund is rated Very High and Groww Small Cap Fund Low to Moderate. Over their common history, the standard deviation of daily returns was 16.04% and 18.04% a year.
Can I invest in both Groww Banking & Financial Services Fund and Groww Small Cap Fund?
Yes. 24.5% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Groww Banking & Financial Services Fund and Groww Small Cap Fund?
Groww Banking & Financial Services Fund: Anupam Tiwari, Gagan Thareja, Saptarshee Chatterjee, Nikhil Satam. Groww Small Cap Fund: Anupam Tiwari, Gagan Thareja, Fund Manager), Saptarshee Chatterjee, Nikhil Satam, amp, Dealer - Equity).
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.