SBI Gold Fund Direct Growth NAV Declines to ₹44.71 on 7 October 2026; Three-Year CAGR at 35.84%

Key Takeaways

• SBI Gold Fund Direct Growth recorded a NAV of ₹44.71 on 7 October 2026, declining 0.35% for the day. 
• Historical returns stood at 21.69% over one year, with three- and five-year CAGRs of 35.84% and 24.53%. 
• SBI Gold ETF exposure of 100.13%, TREPS of 0.37% and net current assets and others of -0.50% reconciled to a total allocation of 100%. 

SBI Gold Fund Direct Growth recorded a NAV of ₹44.71 for 7 October 2026. The verified primary card showed a daily decline of 0.35%. This is the fund-of-funds unit value, rather than the exchange-traded price of SBI Gold ETF or a quoted physical-gold price. NAV, Returns & Performance 

The portfolio disclosure was centred on the underlying ETF. SBI Gold ETF accounted for 100.13%, TREPS for 0.37%, and net current assets and others for -0.50%. Adding the three figures gives exactly 100%. The ETF figure above 100% is therefore offset by the other accounting entries, rather than evidence that the fund literally owns more than all its assets in gold. NAV, Returns & Performance 

Negative net current assets are relevant to interpreting the presentation because allocations are expressed relative to net assets. Ignoring that entry would leave an incomplete reconciliation. TREPS is a money-market exposure, and neither it nor the net-current-assets line represents a listed equity holding. 

Historical performance showed a one-year return of 21.69%. The three-year CAGR stood at 35.84%, and the five-year CAGR was 24.53%. Their 11.31-percentage-point difference describes two overlapping historical windows. It does not mean that the portfolio earned the three-year rate in each individual year or establish a continuation of that performance. 

The latest snapshot displayed assets of ₹17,647 crore and a Direct Growth expense ratio of 0.25%. The expense field is reported for the fund itself; it should not be interpreted as a complete calculation of every cost associated with underlying ETF exposure. Minimum SIP and lump-sum amounts were ₹500 and ₹5,000. 

A gold fund-of-funds is assessed through its underlying gold-linked exposure and associated liquidity and accounting entries. An equity-stock concentration framework would misdescribe this portfolio. The supporting allocation is presented as the available snapshot, without asserting that every weight was separately measured on 7 October or attributing the day’s NAV decrease to one unverified market driver. 

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