• 1 Year Returns: 10.28%

• Private Banks | 44.51%
• Specialized Finance | 14.16%
• Others | 11.51%
• Investment Banking & Brokerage | 9.63%
• Public Banks | 6.83%

• ICICI Bank Ltd | 21.05%
• HDFC Bank Ltd | 17.65%
• State Bank of India | 5.52%
• Net Receivable/Payable | 4.22%
• Bajaj Holdings and Investment Ltd | 4.09%

• Equity | 90.62%
• Cash & Equivalents | 8.20%
• Mutual Funds | 1.18%

The alpha ratio for the Groww Banking & Financial Services Fund is -3.59

Alpha is the excess return of a fund compared to its expected return, based on its beta and the risk-free rate. Positive alpha indicates that the fund has outperformed its expected return, while negative alpha suggests underperformance.

The volatility or standard deviation for the Groww Banking & Financial Services Fund is 17.79

Standard deviation measures the volatility or risk associated with the returns of a mutual fund. A higher standard deviation indicates higher volatility, suggesting that the returns of the mutual fund are more spread out from the average. On the other hand, a lower standard deviation implies lower volatility and a more stable performance.

The Sharpe ratio for the Groww Banking & Financial Services Fund is 0.38

The Sharpe ratio is a measure of risk-adjusted return that evaluates the performance of a mutual fund, by adjusting for its risk. Higher Sharpe ratio indicates a better risk-adjusted performance. A positive Sharpe ratio indicates that the MF has provided a return in excess of the risk-free rate for the amount of risk taken. Conversely, a negative Sharpe ratio suggests that the MF did not adequately compensate for the risk.

The Sortino Ratio for the Groww Banking & Financial Services Fund is 0.04

The Sortino ratio of a mutual fund is a measure of its risk-adjusted return, considering only downside volatility. It helps investors evaluate how well a fund is performing relative to its downside risk. A higher Sortino ratio (value >1) means the fund generates better returns for the downside risk taken.