SBI Gold Fund Direct Growth NAV Rises to ₹46.63 on 10 September; 1-Year Return at 38.94%

Key Takeaways

• SBI Gold Fund Direct Growth NAV advanced 0.33% to ₹46.63 on 10 September 2026. 
• Historical returns stood at 38.94% over one year, 35.84% annualised over three years and 25.42% over five years. 
• Fund size was approximately ₹15,812 crore and the Direct Growth expense ratio stood at 0.24%. 
• SBI Gold ETF represented 100.13% of the disclosed portfolio, alongside 0.37% TREPS and -0.50% in net current assets and other adjustments. 

SBI Gold Fund Direct Growth NAV rose 0.33% to ₹46.63 on 10 September 2026. Its one-year historical return stood at 38.94%, exceeding the three-year CAGR of 35.84% by 3.10 percentage points. The fund's return pattern needs to be viewed in the context of its gold-linked structure rather than through an equity-sector lens. 

Across five years, the annualised return was 25.42%. That was 10.42 percentage points below the three-year figure and 13.52 percentage points below the latest one-year return. The differences largely describe how gold-linked returns varied across the separate historical periods being measured. 

The scheme managed approximately ₹15,812 crore. Its Direct Growth expense ratio stood at 0.24%. Minimum SIP investment was ₹500, and the minimum lump-sum amount was ₹5,000. 

Portfolio construction was concentrated in the underlying SBI Gold ETF, which carried a disclosed weight of 100.13%. TREPS represented another 0.37%, whereas net current assets and other adjustments stood at -0.50%. Mathematically, these three components reconcile to 100.00%. The ETF weight above 100% therefore should not be interpreted as the scheme holding more than 100% of its net assets in physical gold; it reflects the accompanying portfolio accounting adjustments. 

The historical risk data included standard deviation of 5.40 and a Sharpe ratio of 1.47. Beta was -0.08 and alpha 27.70 under the methodology used for these statistics. Exit load was listed at 1% for exits within 15 days from allotment and nil thereafter. 

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