SBI Gold Fund Direct Growth NAV Falls to ₹42.8800 on 6 November 2026; One-Year Return at 16.07%

Key Takeaways

• SBI Gold Fund Direct Growth recorded a NAV of ₹42.8800 on 6 November 2026, declining 1.69% for the valuation day.
• The exact-date Value Research card showed a one-year return of 16.07%, while assets under management stood at approximately ₹17,423 crore.
• The scheme is a gold fund-of-fund rather than an equity scheme, with SBI Gold ETF forming its principal underlying exposure.
• SBI Gold ETF was shown at 100.16% in the portfolio; this does not mean the fund owns more than 100% of its net assets in gold because other balance-sheet items offset the gross ETF figure.

SBI Gold Fund Direct Growth recorded an exact NAV of ₹42.8800 on 6 November 2026, declining 1.69% over the valuation day. The Value Research Direct Plan page also showed a one-year return of 16.07% on its exact-date fund card.

Unlike an equity mutual fund, SBI Gold Fund is a gold-oriented fund-of-fund whose principal underlying exposure is SBI Gold ETF. Value Research showed assets under management of approximately ₹17,423 crore and a base expense ratio of 0.21% in its latest fund details. Minimum lump-sum investment was ₹5,000 and the minimum SIP amount was ₹500.

The latest disclosed portfolio showed SBI Gold ETF at 100.16%. A figure marginally above 100% should not be interpreted as the scheme literally owning more than all of its assets in gold. Portfolio accounting can also include liquidity exposures and negative net current assets. The supporting portfolio snapshot showed TREPS at 0.29% and net current assets and other items at -0.45%; together with the 100.16% ETF allocation, these figures reconcile to 100.00%.

TREPS is a short-term money-market exposure rather than a gold or equity security. Negative net current assets can arise from receivables, payables or other portfolio accounting items and offset part of the gross underlying ETF exposure.

The fund's NAV therefore primarily reflects the value of its gold-ETF exposure, adjusted for the scheme's other assets and liabilities. Its historical returns describe past gold-linked performance and should not be interpreted as a forecast for future gold prices or NAV levels.

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