Groww Banking & Financial Services Fund vs Kotak Banking And Financial Services Fund
Direct Plan, Growth option · Data as on 30-10-2026
Groww Banking & Financial Services Fund is a Sectoral fund and Kotak Banking And Financial Services Fund is a Thematic fund. In the year to 30-10-2026, Groww Banking & Financial Services Fund (Direct) returned −1.6% and Kotak Banking And Financial Services Fund (Direct) returned −4.5%. Groww Banking & Financial Services Fund charges 1.30% a year and Kotak Banking And Financial Services Fund 0.81% (Direct plans). Their portfolios overlap 38.1%: they hold 20 of the same securities.
Groww Banking & Financial Services Fund
Sectoral
- 1 year return
- −1.6%
- Expense ratio
- 1.30%
- NAV
- ₹12.18
Kotak Banking And Financial Services Fund
Thematic
- 1 year return
- −4.5%
- Expense ratio
- 0.81%
- NAV
- ₹15.90
Which is better, Groww Banking & Financial Services or Kotak Banking And Financial Services? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Groww Banking & Financial Services returned more over 1 year: −1.6% against −4.5%.
- Kotak Banking And Financial Services costs less: 0.81% a year against 1.30% (Direct plans).
- Groww Banking & Financial Services fell less in its worst fall since 07-02-2024: −16.4% against −16.7%.
- Kotak Banking And Financial Services holds more in large companies: 65.3% of the fund in large caps against 20.2%.
- Kotak Banking And Financial Services is the larger fund: ₹1,448 Cr against ₹107 Cr.
- Their portfolios overlap 38.1%: 20 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 | Kotak Banking And Financial Services Fund |
|---|---|---|
| Fund house | Groww Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Sectoral | Thematic |
| AUM | ₹107 Cr (30-09-2026) | ₹1,448 Cr (30-09-2026) |
| NAV | ₹12.18 (Direct) | ₹15.90 (Direct) |
| Expense ratio (Direct) | 1.30% | 0.81% |
| Expense ratio (Regular) | 3.03% | 2.25% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Financial Services TRI | Nifty Financial Services TRI |
| Launch date | 07-02-2024 | 27-02-2023 |
| Minimum investment | ₹500 | ₹100 |
| Lock in | None | None |
| Fund managers | Anupam Tiwari, Gagan Thareja, Saptarshee Chatterjee, Nikhil Satam | Shibani Sircar Kurian, Abhishek Bisen |
| Exit load | Exit load of 1%, if redeemed within 30 days. | 0.5% for redemption within 30 Days |
Groww Banking & Financial Services vs Kotak Banking And Financial Services: 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% | -- | -- | -- |
| Kotak Banking And Financial Services Fund (Direct) | −1.46% | −7.32% | −2.26% | −4.49% | +11.87% | -- | -- |
| Sectoral average | −1.70% | −4.49% | +2.30% | −0.58% | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | -- | -- |
Category average: the average of the 20 Sectoral funds and the 235 Thematic funds, same plan type.
Groww Banking & Financial Services vs Kotak Banking And Financial Services: Year-wise Returns
| Year | Groww Banking &Groww Banking & Financial Services | Kotak Banking AndKotak Banking And Financial Services | Nifty Financial Services TRI |
|---|---|---|---|
| 2026to date | −1.90% | −5.92% | −9.69% |
| 2025 | +11.03% | +15.92% | +18.60% |
| 2024 | -- | +14.11% | +10.52% |
Groww Banking & Financial Services vs Kotak Banking And Financial Services: Rolling Returns
Every holding period of both funds, against Nifty Financial Services TRI, the benchmark of both
Rolling returns
Every 1-year holding period, 424 of them, one for each trading day from 07-02-2025 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Groww Banking & Financial Services Fund (Direct)
Kotak Banking And Financial Services Fund (Direct)
Nifty Financial Services TRI
to
Mar 2025Jul 2024
to
Jul 2025Oct 2024
to
Oct 2025Feb 2025
to
Feb 2026May 2025
to
May 2026Sept 2025
to
Sept 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Groww Banking & Financial Services | 3.8 | 9.9 | 29.7 | 38.4 | 11.3 | 4.5 | 2.4 | 10.6% | 10.5% | −3.1% | 27.8% | 44% |
| Kotak Banking And Financial Services | 3.5 | 14.2 | 29.2 | 28.1 | 16.0 | 5.7 | 3.3 | 10.9% | 10.4% | −6.5% | 28.6% | 45% |
| Nifty Financial Services TRI | 20.5 | 14.2 | 5.0 | 18.4 | 23.3 | 17.2 | 1.4 | 10.5% | 13.6% | −10.9% | 26.9% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty Financial Services TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 07-02-2024. Past returns do not promise future returns.
Groww Banking & Financial Services vs Kotak Banking And Financial Services: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 07-02-2024 to 30-10-2026: 33 instalments, ₹3,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Groww Banking & Financial ServicesGroww Banking & Financial Services Fund (Direct) | ₹3,30,000 | ₹3,49,257 | ₹19,257 | 4.1% |
| Kotak Banking And Financial ServicesKotak Banking And Financial Services Fund (Direct) | ₹3,30,000 | ₹3,45,419 | ₹15,419 | 3.3% |
Groww Banking & Financial ServicesGroww Banking & Financial Services Fund (Direct)
Kotak Banking And Financial ServicesKotak Banking And Financial Services Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Groww Banking & Financial Services vs Kotak Banking And Financial Services: 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) | Kotak Banking And Financial Services Fund (Direct) |
|---|---|---|
| Return (CAGR) | −1.57% | −4.49% |
| Standard deviation | 18.02% | 17.96% |
| Sharpe ratio | -0.38 | -0.54 |
| Sortino ratio | -0.52 | -0.76 |
| Maximum drawdown | −14.3% (31-03-2026) | −16.7% (30-03-2026) |
| Beta | 0.92 | 0.99 |
| Alpha | +6.17% | +4.30% |
From daily NAVs, 30-10-2025 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.
| Measure | Groww Banking & Financial Services Fund (Direct) | Kotak Banking And Financial Services Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.66% | +13.36% |
| Standard deviation | 16.04% | 15.60% |
| Sharpe ratio | 0.11 | 0.46 |
| Sortino ratio | 0.15 | 0.65 |
| Maximum drawdown | −16.4% (03-03-2025) | −16.7% (30-03-2026) |
| Beta | 0.89 | 0.97 |
| Alpha | −0.42% | +3.86% |
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)
Kotak Banking And Financial Services 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) | −16.4% | 10-12-2024 | 03-03-2025 | 26-05-2025 | 3 months | −12.9% |
| Kotak Banking And Financial Services Fund (Direct) | −16.7% | 18-02-2026 | 30-03-2026 | Not yet | -- | −9.7% |
| Nifty Financial Services TRI | −17.3% | 18-02-2026 | 30-03-2026 | Not yet | -- | −12.4% |
From daily values since 07-02-2024, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Groww Banking & Financial Services Fund (Direct)
Kotak Banking And Financial Services Fund (Direct)
Nifty Financial Services TRI
Against Nifty Financial Services TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Groww Banking & Financial Services Fund (Direct) | 92% | 90% | 8.90% |
| Kotak Banking And Financial Services Fund (Direct) | 106% | 108% | 3.86% |
From month-end values since 07-02-2024. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Groww Banking & Financial Services vs Kotak Banking And Financial Services: Portfolio Overlap
From each fund's latest monthly portfolio: Groww Banking & Financial Services Fund, September 2026; Kotak Banking And Financial Services Fund, September 2026
Holdings in common
- Overlap
- 38.1%
- Held by both
- 20
- Only in Groww Banking & Financial Services
- 21
- Only in Kotak Banking And Financial Services
- 15
| Security | % of Groww Banking & Financial Services | % of Kotak Banking And Financial Services |
|---|---|---|
| Axis Bank Limited | 4.46% | 7.36% |
| Kotak Mahindra Bank Limited | 4.63% | 3.69% |
| Shriram Finance Limited | 2.99% | 4.83% |
| State Bank of India | 2.92% | 8.31% |
| Bajaj Finance Limited | 2.51% | 6.04% |
| Ujjivan Small Finance Bank Limited | 4.00% | 2.40% |
| Piramal Finance Ltd | 2.92% | 1.97% |
| L&T Finance Limited | 2.15% | 1.89% |
| RBL Bank Limited | 2.92% | 1.76% |
| IndusInd Bank Limited | 1.76% | 2.51% |
| Pine Labs Limited | 2.70% | 1.73% |
| Nuvama Wealth Management Limited | 2.68% | 1.72% |
| Nippon Life India Asset Management Ltd | 1.26% | 1.72% |
| Prudent Corporate Advisory Services Ltd | 2.91% | 1.26% |
| One 97 Communications Limited | 3.10% | 1.25% |
| The Jammu & Kashmir Bank Limited | 1.21% | 1.99% |
| Karur Vysya Bank Limited | 1.10% | 2.32% |
| Max Financial Services Limited | 1.91% | 0.84% |
| Home First Finance Company India Limited | 1.81% | 0.76% |
| SBI Funds Management Ltd | 0.64% | 1.86% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 38.1% means 38.1% 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 |
|---|---|
| Multi Commodity Exchange of India Ltd. | 4.21% |
| CarTrade Tech Limited | 4.18% |
| Manipal Payment Identity Solutions Ltd | 3.78% |
| OnEMI Technology Solutions Limited | 3.62% |
| ICICI Prudential AMC Ltd | 2.71% |
Largest holdings only in Kotak Banking And Financial Services Fund
| Security | % of fund |
|---|---|
| ICICI BANK LTD. | 12.67% |
| HDFC BANK LTD. | 11.28% |
| CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LTD. | 2.52% |
| POONAWALLA FINCORP LIMITED | 2.52% |
| BILLIONBRAINS GARAGE VENTURES LIMITED (GROWW) | 2.27% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Groww Banking & Financial Services | Kotak Banking And Financial Services |
|---|---|---|
| Equity | 95.2% | 98.8% |
| Debt | 0.0% | 0.0% |
| Cash and others | 4.8% | 1.2% |
Market cap of stocks
| Market cap | Groww Banking & Financial Services | Kotak Banking And Financial Services |
|---|---|---|
| Large Cap | 20.2% | 65.3% |
| Mid Cap | 25.4% | 14.9% |
| Small Cap | 42.3% | 16.1% |
| Not on AMFI's list | 7.3% | 2.6% |
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 | Kotak Banking And Financial Services |
|---|---|---|
| Banks | 28.7% | 60.0% |
| Finance | 27.2% | 21.4% |
| Capital Markets | 20.0% | 11.7% |
| Financial Technology (Fintech) | 11.3% | 3.0% |
| Retailing | 4.5% | 0.0% |
| Insurance | 3.5% | 2.7% |
The six largest sectors of each fund's stocks, % of the fund.
Groww Banking & Financial Services vs Kotak Banking And Financial Services: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Groww Banking & Financial Services Fund | Kotak Banking And Financial Services Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.30% | 0.81% |
| Base expense ratio (Direct) | 0.58% | 0.60% |
| Total expense ratio (Regular) | 3.03% | 2.25% |
| Base expense ratio (Regular) | 2.10% | 1.82% |
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.
More comparisons
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Compare Kotak Banking And Financial Services with
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Groww Banking & Financial Services Fund vs Kotak Banking And Financial Services Fund: Frequently Asked Questions
What is the difference between Groww Banking & Financial Services Fund and Kotak Banking And Financial Services Fund?
Groww Banking & Financial Services Fund is a Sectoral fund, Kotak Banking And Financial Services Fund is a Thematic fund, run by Groww Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 38.1%. Groww Banking & Financial Services Fund charges 1.30% a year and Kotak Banking And Financial Services Fund 0.81%.
Which has given higher returns, Groww Banking & Financial Services Fund or Kotak Banking And Financial Services Fund?
Over 1 year: Groww Banking & Financial Services Fund −1.57%, Kotak Banking And Financial Services Fund −4.49%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Groww Banking & Financial Services Fund or Kotak Banking And Financial Services Fund?
Kotak Banking And Financial Services Fund charges less: 0.81% 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 Kotak Banking And Financial Services Fund overlap?
38.1%. They hold 20 of the same securities, the largest shared ones being AXISBANK, KOTAKBANK, SHRIRAMFIN. From each fund's latest monthly portfolio.
Which is riskier, Groww Banking & Financial Services Fund or Kotak Banking And Financial Services Fund?
On SEBI's riskometer, Groww Banking & Financial Services Fund is rated Very High and Kotak Banking And Financial Services Fund Very High. Over 1 years, the standard deviation of daily returns was 18.02% and 17.96% a year.
Can I invest in both Groww Banking & Financial Services Fund and Kotak Banking And Financial Services Fund?
Yes. 38.1% 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 Kotak Banking And Financial Services Fund?
Groww Banking & Financial Services Fund: Anupam Tiwari, Gagan Thareja, Saptarshee Chatterjee, Nikhil Satam. Kotak Banking And Financial Services Fund: Shibani Sircar Kurian, Abhishek Bisen.
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.