SBI Gold Fund Direct Growth NAV Rises to ₹44.89 on 5 October; 3-Year CAGR at 35.85%

Key Takeaways

• SBI Gold Fund Direct Growth recorded a NAV of ₹44.89 on 5 October 2026, rising 0.05%. 
• The one-year return stood at 25.25%, the three-year CAGR at 35.85%, and the five-year annualised return at 24.71%. 
• The scheme managed approximately ₹17,647 crore and carried a Direct Growth expense ratio of 0.25%. 
• 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 ₹44.89 on 5 October 2026, rising 0.05% over the valuation day. The scheme is structured as a domestic fund of funds and obtains its principal gold exposure through SBI Gold ETF. 

The one-year return stood at 25.25%. Its three-year CAGR was considerably higher at 35.85%, while the five-year annualised return came in at 24.71%. The three-year figure exceeded the five-year number by 11.14 percentage points and the one-year return by 10.60 percentage points. 

Fund size stood at approximately ₹17,647 crore. The Direct Growth expense ratio was 0.25%. Minimum SIP investment stood at ₹500, while the minimum lump-sum investment was ₹5,000. The latest profile showed an operating history of around 13 years. 

SBI Gold ETF accounted for 100.13% of the disclosed portfolio. TREPS represented 0.37%, while net current assets and others stood at -0.50%. Those three entries mathematically reconcile to 100%. The ETF weight above 100% therefore reflects the interaction between the underlying ETF position and current-asset or liability adjustments rather than literal ownership of gold beyond the scheme's total assets. 

Unlike equity schemes, the portfolio is not interpreted through individual company holdings or market-cap allocation. The 0.05% daily NAV movement and historical gold-linked returns should be treated as separate observations across different time horizons. 

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