SBI Gold Fund Direct Growth NAV at ₹46.48 on 9 September; 1-Year Return at 42.02%

Key Takeaways

• SBI Gold Fund Direct Growth recorded an NAV of ₹46.48 on 9 September 2026, almost unchanged with a 0.01% decline. 
• Historical returns stood at 42.02% over one year, 35.77% annualised over three years and 25.30% annualised over five years. 
• The scheme had assets of ₹15,812 crore and a Direct Growth expense ratio of 0.24%. 
• SBI Gold ETF represented 100.13% of the reported portfolio exposure, with smaller adjustments through TREPS and net current assets. 

SBI Gold Fund Direct Growth stood at an NAV of ₹46.48 on 9 September 2026. The one-day movement was limited, with the NAV lower by 0.01%. Unlike the equity schemes in this batch, the fund derives its portfolio exposure primarily through gold-linked assets rather than a diversified basket of listed company shares. 

The one-year return stood at 42.02%. Its three-year CAGR was 35.77%, and the five-year annualised return was 25.30%. In this particular snapshot, the shortest of those three trailing periods carried the highest return figure. The numbers describe different gold-price and currency environments, so they should be read as separate historical windows. 

Assets under management stood at ₹15,812 crore. The Direct Growth expense ratio was 0.24%, lower in absolute percentage terms than many of the active equity schemes covered in this set. Minimum SIP stood at ₹500 and the minimum lump-sum investment at ₹5,000. The stated exit load was 1% for applicable redemptions made within 15 days. 

The portfolio structure was highly concentrated by design. SBI Gold ETF accounted for 100.13% of the reported exposure. TREPS contributed 0.37%, and net current assets and related adjustments stood at -0.50%. Those values explain why the ETF weight can appear slightly above 100% in a portfolio statement after accounting for other balance-sheet items. 

Reported risk data included standard deviation of 5.40 and a Sharpe ratio of 1.47. Beta was -0.08 and alpha 27.70 in the displayed statistics. Because a gold fund follows a very different underlying asset from an equity benchmark, these figures should be interpreted within the methodology used for the scheme rather than compared mechanically with equity-fund readings. 

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