SBI Gold Fund Direct Growth NAV at ₹44.87 on 1 October; 3-Year CAGR at 35.06%

Key Takeaways:

• SBI Gold Fund Direct Growth recorded a NAV of ₹44.87 on 1 October 2026 after declining 0.21%. 
• The one-year return stood at 24.34%, the three-year CAGR at 35.06%, and the five-year annualised return at 24.81%. 
• The scheme managed approximately ₹17,647 crore and carried a Direct Growth expense ratio of 0.24%. 
• SBI Gold ETF represented 100.13% of the disclosed portfolio, offset partly by TREPS and net current assets. 

SBI Gold Fund Direct Growth recorded a NAV of ₹44.87 on 1 October 2026, declining 0.21% over the valuation day. The scheme is structured as a domestic fund of funds and obtains its principal gold exposure through SBI Gold ETF. Its portfolio is therefore fundamentally different from equity funds built around individual listed companies. 

The one-year return stood at 24.34%. The three-year CAGR was materially higher at 35.06%, while the five-year annualised return came in at 24.81%. The three-year figure exceeded the five-year return by 10.25 percentage points and the one-year reading by 10.72 percentage points. These returns reflect the historical performance of the gold-linked portfolio across their respective periods. 

Fund size stood at approximately ₹17,647 crore. The Direct Growth expense ratio was 0.24%. Minimum SIP investment stood at ₹500, while the minimum lump-sum purchase was ₹5,000. The latest fund profile showed an operating history of 13 years. 

SBI Gold ETF accounted for 100.13% of the disclosed portfolio. TREPS represented another 0.37%, while net current assets and others stood at -0.50%. The three figures reconcile to 100%. The underlying ETF weight above 100% therefore reflects portfolio accounting and the negative current-assets adjustment rather than literal ownership of gold exposure beyond the fund's total net assets. 

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.