SBI Gold Fund adds 0.22% to ₹46.48; one-year return is 42.02%

Key Takeaways

• SBI Gold Fund Direct Growth rose 0.22% on 8 September 2026 and closed at an NAV of ₹46.48. 
• The one-year return was 42.02%, while the three-year and five-year annualised returns were 35.77% and 25.30%. 
• SBI Gold ETF represented 100.07% of the disclosed allocation, offset partly by a -0.19% net current assets and others position. 
• Fund size stood at ₹15,812 crore, while the Direct Growth expense ratio was 0.24% and the minimum SIP was ₹500. 

SBI Gold Fund Direct Growth closed 8 September 2026 at ₹46.48, gaining 0.22% over the day. The scheme's return profile was unusual relative to the equity funds in this batch because the shortest of the three reported historical windows carried the highest percentage figure. 

The one-year return stood at 42.02%. Over three years, the annualised return was 35.77%, while the five-year figure was 25.30%. The three-year return was therefore 10.47 percentage points above the five-year number. The one-year result, in turn, exceeded the five-year annualised return by 16.72 percentage points. 

Portfolio composition was heavily concentrated in the underlying gold vehicle. SBI Gold ETF accounted for 100.07% of the disclosed allocation, while TREPS contributed 0.12%. Net current assets and other items were -0.19%, which partly offset the gross allocations and explains why the ETF weight itself was marginally above 100%. 

Fund size was ₹15,812 crore and the Direct Growth expense ratio was 0.24%. The minimum SIP was ₹500, compared with a ₹5,000 minimum lump-sum investment, making the latter 10 times the SIP floor. The disclosed exit load was 1% for redemption within 15 days and nil after that period. 

The risk statistics also differed sharply from those of most equity-oriented schemes. Alpha stood at 27.70, standard deviation at 5.40 and the Sharpe ratio at 1.47. Beta was -0.08. These figures belong to a gold-linked fund structure and should be read in that setting rather than compared mechanically with diversified equity-fund ratios. For 8 September itself, the daily change was positive but limited to 0.22%. 

Mutual fund investments are subject to market risks; read all scheme-related documents carefully.