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Groww Nifty PSU Bank Index Fund Direct Growth NAV today

AMFI: 154278ISIN: INF666M01OH0MUTF_IN: GROW_NIFT_PSU_1JGAIGVGroww Mutual FundIndex funds

NAV ₹9.6257up ₹0.04 (0.40%)

NAV for 27 Oct 2026, against 26 Oct 2026. Declared once a day.

Other plans: Direct IDCW ₹9.6244 · Regular Growth ₹9.5952, 0.40% · Regular IDCW ₹9.5952

Fund size
₹5 CrSep 2026
Expense ratio
1.32%26 Oct 2026
Exit load
None
P/E
7.530 Sep 2026
Risk level
Very HighAug 2026
Holdings
1230 Sep 2026
Launched
24 Mar 2026

Groww Nifty PSU Bank Index Fund returns

Direct Growth plan

Over each window to 27 Oct 2026

OverDirect GrowthRegular GrowthBenchmarkRank in categoryCategory medianMiddle half
1 week−2.09%−2.10%−2.02%–––
1 month−2.24%−2.28%−2.02%8 of 8−2.06%−2.1% to −2.0%
3 months−3.48%−3.61%−2.84%8 of 8−2.94%−3.0% to −2.9%
6 months−8.85%−9.09%−7.58%7 of 7−7.81%−7.9% to −7.8%
1 yearNeeds a year–––+2.08%+2.0% to +2.2%
3 yearsNeeds 3 years–––+18.59%+18.5% to +18.7%
₹10,000 put in on 27 Mar 2026 is ₹9,771 at the NAV of 27 Oct 2026Over a year and longer, a return is the yearly rate. Benchmark: Nifty PSU Bank TRI, over the same days as the fund. Rank, median and middle half among the Direct plans of funds tracking Nifty PSU Bank, each fund's return to its latest NAV on or before 27 Oct 2026.

Tracking error

Against Nifty PSU Bank Index - TRI, as on 30 Sep 2026.

Against its index, by window

MeasureDirect, this planRegular
Tracking error0.89%0.89%
Difference: the fund's return less the index's, in percentage points.

Groww Nifty PSU Bank Index Fund expense ratio and exit load

Per cent of the money invested, a year. Each month shows its last day filed; the parts were redefined from Apr 2026.

Regular over direct
0.51 ptsA year, on 26 Oct 2026
Direct, 30-day average
1.33%Over the last 30 days filed
Regular, 30-day average
1.84%Over the last 30 days filed

Total expense ratio, month by month

  • Regular plan
  • Direct plan
1.88%0.40%0.85%1.46%1.45%1.42%1.46%1.80%1.88%1.83%0.40%0.89%0.89%0.91%0.95%1.29%1.37%1.32%Mar 26Apr 26May 26Jun 26Jul 26Aug 26Sep 26Oct 26
Direct plan highest 1.37%, Sep 2026.Direct plan lowest 0.40%, Mar 2026.

What the expense ratio is made of

PartDirectRegular
Base expense ratio0.40%0.85%
Brokerage0.10%0.10%
Transaction costs0.02%0.02%
Statutory levies0.80%0.86%
Per cent of assets a year, filed for 26 Oct 2026. The parts add up to that day's total.

Buying and selling

Lump-sum purchases
Accepted
Minimum investment
₹500
Minimum top-up
₹500
Minimum redemption
₹500
SIP
Accepted
SIP minimum
100, 100, 500, 500
SIP instalments, at least
180, 24,12, 4
STP, transfers to another fund
Not accepted
SWP, regular withdrawals
Accepted
Switches
Accepted
Lock-in
None
SIP dates
Daily- Every Business Day/ Weekly-1st, 8th, 15th, & 22nd/Monthly & Quarterly-Any day between 1st to 28th
As listed for this plan on 27 Oct 2026.

Groww Nifty PSU Bank Index Fund AUM

₹ crore, every plan of the fund together.

Average assets
₹4.93 CrQuarter to Sep 2026
In the direct plans
67.4%Of the quarter's average

Average assets by quarter, by plan

  • Regular plans
  • Direct plans
₹6 Cr₹0 Cr₹0 Cr₹1 Cr₹2 Cr₹0 Cr₹6 Cr₹3 CrMar 26Jun 26Sep 26
Largest ₹7 Cr, quarter to Jun 2026.

Assets at each month end

₹7.79 Cr₹4.47 Cr₹6.87 Cr₹7.65 Cr₹7.79 Cr₹5.59 Cr₹4.47 Cr₹5.43 CrApr 26May 26Jun 26Jul 26Aug 26Sep 26
Highest ₹8 Cr, Jun 2026.Lowest ₹4 Cr, Aug 2026.

Groww Nifty PSU Bank Index Fund portfolio

Portfolio disclosed for 30 Sep 2026.

Holdings on 30 Sep 2026

State Bank of IndiaBanksLarge cap4th33.39%1.8118,879Mar 2026or earlier
Bank of BarodaBanksLarge cap58th12.50%0.6829,411Mar 2026or earlier
Canara BankBanksLarge cap80th11.73%0.6453,281Mar 2026or earlier
Punjab National BankBanksLarge cap78th11.38%0.6254,598Mar 2026or earlier
Union Bank of IndiaBanksLarge cap75th9.65%0.5230,632Mar 2026or earlier
Indian BankBanksLarge cap89th8.32%0.455,602Mar 2026or earlier
Bank of MaharashtraBanksMid cap186th4.72%0.2632,279Mar 2026or earlier
Bank of IndiaBanksMid cap155th4.61%0.2519,191Mar 2026or earlier
Central Bank of IndiaBanksSmall cap256th1.52%0.0827,065Mar 2026or earlier
Indian Overseas BankBanksMid cap163rd1.32%0.0723,147Mar 2026or earlier
UCO BankBanksMid cap247th0.77%0.0418,024Mar 2026or earlier
Punjab & Sind BankBanksSmall cap371st0.27%0.016,939Mar 2026or earlier
Weight is per cent of the fund's net assets; value in ₹ crore.
Largest holding
33.39%State Bank of India
Top 5 holdings
78.64%
Top 10 holdings
99.13%
Effective holdings
5.7Taken over 100.18% of the fund

Asset allocation

  • Indian shares100.18%
  • Cash and receivables−0.18%
Per cent of the fund's net assets.

Large, mid and small cap

  • Large cap86.81%
  • Mid cap11.40%
  • Small cap1.79%
Per cent of the fund's Indian shares. By the list for the six months to Jun 2026.

Sector allocation

1sector
  • Financial Services100.18%
Per cent of the fund's net assets, less the futures sold on its shares, Sep 2026.

Sector allocation month by month

7 months
Financial Services12 companies100.18%100.20%99.79%98.76%99.24%100.54%99.66%
Per cent of the fund's net assets, less the futures sold on its shares, at each month end, Mar 2026 to Sep 2026.

Bought and sold

Sep 2026 against Aug 2026, position by position.

Positions changed, month by month

  • New
  • Added
  • Trimmed
  • Sold out
Oct 25Nov 25Dec 25Jan 26Feb 26Mar 2601200Apr 2601200May 2602100Jun 2600120Jul 2600120Aug 2601200Sep 26
New positions
0
Sold out
0
Added to
12
Trimmed
0
Unchanged
0
Traded at least
0.00%
Weight that moved
1.41%

Changes in Sep 2026

State Bank of IndiaAdded33.39%34.03%−0.64 pts+4,531
Punjab National BankAdded11.38%10.75%+0.62 pts+12,527
Bank of BarodaAdded12.50%12.10%+0.40 pts+6,748
Indian BankAdded8.32%8.68%−0.36 pts+1,286
Union Bank of IndiaAdded9.65%9.96%−0.31 pts+7,028
Bank of MaharashtraAdded4.72%4.57%+0.15 pts+7,406
Central Bank of IndiaAdded1.52%1.41%+0.11 pts+6,209
Bank of IndiaAdded4.61%4.70%−0.10 pts+4,347
Canara BankAdded11.73%11.66%+0.07 pts+12,225
Indian Overseas BankAdded1.32%1.30%+0.03 pts+5,311
Punjab & Sind BankAdded0.27%0.27%0.00 pts+1,592
UCO BankAdded0.77%0.77%0.00 pts+4,136
Weights are per cent of the fund's net assets; a change in weight is in percentage points.

Holdings month by month

HoldingOct 25Nov 25Dec 25Jan 26Feb 26Mar 26Apr 26May 26Jun 26Jul 26Aug 26Sep 26
State Bank of India–––––33.17%33.88%Added31.45%Added32.85%Added33.80%Cut34.03%Cut33.39%Added
Bank of Baroda–––––13.63%13.58%Added14.23%Added13.76%Cut12.61%Cut12.10%Cut12.50%Added
Canara Bank–––––12.35%12.61%Added12.60%Added11.49%Cut11.76%Cut11.66%Cut11.73%Added
Punjab National Bank–––––10.29%10.48%Added10.45%Added10.01%Cut10.87%Cut10.75%Cut11.38%Added
Union Bank of India–––––9.41%8.91%Added9.27%Added9.08%Cut9.27%Cut9.96%Cut9.65%Added
Indian Bank–––––8.87%8.36%Added8.41%Added7.86%Cut8.28%Cut8.68%Cut8.32%Added
Bank of Maharashtra–––––3.71%4.43%Added4.61%Added5.07%Cut4.52%Cut4.57%Cut4.72%Added
Bank of India–––––4.94%4.72%Added4.86%Added4.65%Cut4.70%Cut4.70%Cut4.61%Added
Central Bank of India–––––0.91%0.99%Added0.86%Added1.51%Added1.48%Cut1.41%Cut1.52%Added
Indian Overseas Bank–––––1.36%1.42%Added1.39%Added1.36%Cut1.39%Cut1.30%Cut1.32%Added
UCO Bank–––––0.76%0.85%Added0.82%Added0.84%Cut0.83%Cut0.77%Cut0.77%Added
Punjab & Sind Bank–––––0.27%0.30%Added0.30%Added0.29%Cut0.28%Cut0.27%Cut0.27%Added
Per cent of the fund's net assets at each month end, Oct 2025 to Sep 2026. Under it, the change on the fund's previous month. "After a gap" is a holding after a month with no portfolio on record, so when it was bought is not known; "Not filed" is one gone across such a gap.

Portfolio turnover, per cent of assets a year

  • Turnover
0.00%Mar 265.00%Apr 2615.00%May 2632.00%Jun 26106.00%Jul 26157.00%Aug 26163.00%Sep 26
Highest 163.0% in Sep 2026

Risk ratios

NAV to 27 Oct 2026

Largest falls

Largest overFallHigh onLow onBack at the high
Since Mar 2026−12.38%22 Apr 20261 Oct 2026Not yet

Risk level by month

MonthsFundBenchmark
Mar 2026 to Aug 20266 monthsVery High
The riskometer at each month end, the fund's and its benchmark's. A month with none on record is left out.

Groww Nifty PSU Bank Index Fund managers

Managers now

Manager
Nikhil SatamMar 2026−2.69%over 213 days−1.22%−1.47 pts––48₹6,033 Cr
Aakash chauhanMar 2026−2.69%over 213 days−1.22%−1.47 pts––41₹2,721 Cr
Shashi KumarMar 2026−2.69%over 213 days−1.22%−1.47 pts––42₹2,850 Cr
Returns are the direct plan's growth NAV, from the day each took over to the latest NAV, beside the benchmark over the same days.

Other funds they run

Fund
Groww Multicap FundNikhil SatamJul 2026−1.93%over 96 days−6.71%+4.78 pts₹1,687 Cr
Groww Small Cap FundNikhil SatamJul 2026−0.46%over 96 days−7.03%+6.57 pts₹966 Cr
Groww Multi Asset Allocation FundNikhil SatamNov 2025−2.34%over 339 days––₹373 Cr
Groww Nifty India Defence ETFNikhil SatamFeb 2025–+33.98%–₹360 Cr
Groww Nifty Total Market Index FundNikhil SatamFeb 2025+3.38%a year+3.89%−0.51 pts₹355 Cr
Groww Nifty India Defence ETFAakash chauhanApr 2025–+20.68%–₹360 Cr
Groww Nifty Total Market Index FundAakash chauhanApr 2025+1.86%a year+2.38%−0.53 pts₹355 Cr
Groww Nifty India Defence ETFShashi KumarMay 2025–+3.41%–₹360 Cr
Groww Nifty Total Market Index FundShashi KumarMay 2025−3.02%a year−2.51%−0.51 pts₹355 Cr
Groww BSE Power ETFShashi KumarAug 2025–––₹281 Cr
The ten largest by assets, by manager. Returns are the direct plan's.

Portfolio overlap

Funds holding the most of the same securities, by weight.

Closest funds in the category

Kotak Nifty Bank Index FundKotak Mahindra Mutual Fund23.02%5
Axis Nifty Bank Index FundAxis Mutual Fund23.00%5
Invesco India Nifty Bank Index FundInvesco Mutual Fund22.94%5
Kotak Nifty200 Value 30 Index FundKotak Mahindra Mutual Fund18.86%7
UTI Nifty 500 Value 50 Index FundUTI Mutual Fund13.97%8
Axis Nifty500 Value 50 Index FundAxis Mutual Fund13.97%8
Groww Nifty Next 50 Index FundGroww Mutual Fund6.35%4
Aditya Birla Sun Life Nifty Next 50 Index FundAditya Birla Sun Life Mutual Fund6.34%4
Axis Nifty Next 50 Index FundAxis Mutual Fund6.34%4
JioBlackRock Nifty Next 50 Index FundJio BlackRock Mutual Fund6.34%4
Portfolios for Sep 2026. Overlap is per cent of the portfolio the two funds hold in common.

Changes to the fund

Newest first.

  1. 2026

    • 1 AprExpenseExpense ratio stated under the new rules: a base ratio, with brokerage, levies and GST on top

Fund details

Objective

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

Asset allocation

  • Constituents of Nifty PSU Bank Index - 95% to 100%
  • Money market instruments / debt securities, Instruments and/or units of debt/liquid schemes of domestic Mutual Funds - 0% to 05%

Type of scheme

Open Ended

Benchmark
Nifty PSU Bank Index – TRI
Risk level at launch
Very High
New fund offer
6 Mar 2026 to 20 Mar 2026
Units first allotted
24 Mar 2026
Open for sale again
27 Mar 2026
Price at the offer
₹10 a unit
Minimum at the offer
₹500

Plans and codes

PlanAMFI codeISINISIN, reinvestmentMUTF_INFirst NAV
Direct Growth154278INF666M01OH0GROW_NIFT_PSU_1JGAIGV27 Mar 2026
Regular Growth154284INF666M01OK4GROW_NIFT_PSU_YNTU3E27 Mar 2026
Direct IDCW154283INF666M01OI8INF666M01OJ6GROW_NIFT_PSU_1VLBP9G27 Mar 2026
Regular IDCW154285INF666M01OL2INF666M01OM0GROW_NIFT_PSU_DS2IWF27 Mar 2026

This fund

Factsheet

Statement of additional information

Annual report

Riskometer disclosure

Portfolio overlap disclosure