• 1 Year Returns: 8.53%

• Private Banks | 32.18%
• Specialized Finance | 31.28%
• Investment Banking & Brokerage | 9.14%
• Home Financing | 8.89%
• Asset Management | 6.16%

• ICICI Bank Ltd | 7.91%
• Axis Bank Ltd | 6.91%
• BSE Ltd | 5.12%
• Multi Commodity Exchange of India Ltd | 4.33%
• Cartrade Tech Ltd | 4.28%

• Equity | 97.56%
• Cash & Equivalents | 2.44%

The alpha ratio for the Groww Banking & Financial Services Fund is 5.28

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 16.89

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.