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We have shifted from our proprietary CapRank classification system to SEBI’s market cap classification system with effect from 14 Jan, 2026.
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About Groww Nifty PSU Bank Index Fund Regular-Growth
Groww Nifty PSU Bank Index Fund Regular-Growth is a equity mutual fund scheme of Groww Mutual Fund. Launched on March 30, 2026, it is currently managed by Nikhil Satam, Aakash Ashokkumar Chauhan and Shashi Kumar. The fund has an expense ratio of --% with an overall AUM (Assets Under Management) of ₹-- Cr.
Groww Nifty PSU Bank Index Fund - Regular Plan is mandated to invest at least 80 per cent of its assets in the shares of banks and financial services companies. Being passively managed, it replicates the portfolio of its chosen benchmark index. The fund allows minimum lumpsum investment of ₹500 and minimum SIP of ₹500.
Suitability
Nobody should invest in Banking funds in our opinion, because:
If you still choose to invest:
Subscribers of Value Research Fund Advisor can conveniently invest in the low-cost direct plan of Groww Nifty PSU Bank Index Fund Regular-Growth through the Value Research Fund Advisor website.
Alternatively, mutual funds can also be purchased directly from the respective fund house’s website. For example, Groww Nifty PSU Bank Index Fund Regular-Growth can be bought from the Groww Mutual Fund website. In such a case, if you are investing in multiple funds from different fund houses, you will need to transact separately on each fund house’s website.
The third option is to invest offline, by seeking assistance from a mutual fund distributor. Most banks also act as mutual fund distributors, and you can approach your bank for help in completing your investment.
Over the past five years, Groww Nifty PSU Bank Index Fund Regular-Growth has delivered an annualised return of % as of 19-Mar-2026.
The minimum investment required to start investing in Groww Nifty PSU Bank Index Fund Regular-Growth is ₹500 for the lump sum option and ₹500 for the SIP (Systematic Investment Plan) option.
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