SBI Gold Fund Direct Growth NAV Falls to ₹46.20 on 11 September; 1-Year Return at 38.13%

Key Takeaways

• SBI Gold Fund Direct Growth NAV declined 0.92% to ₹46.20 on 11 September 2026. 
• Historical returns stood at 38.13% over one year, 35.61% annualised over three years and 25.17% over five years. 
• The scheme managed approximately ₹17,647 crore and carried a Direct Growth expense ratio of 0.24%. 
• SBI Gold ETF represented 100.13%, alongside 0.37% TREPS and -0.50% in net current assets and other adjustments. 

SBI Gold Fund Direct Growth NAV declined 0.92% to ₹46.20 on 11 September 2026. Its one-year historical return stood at 38.13%. Across three years, the annualised figure was 35.61%, slightly below the latest one-year outcome but still materially above the longer five-year CAGR. 

The five-year CAGR stood at 25.17%. The one-year return was therefore 12.96 percentage points higher than the five-year annualised figure, while the three-year CAGR exceeded it by 10.44 percentage points. As a gold-linked scheme, these return periods reflect the underlying gold-market exposure over distinct historical windows. 

Fund size stood at approximately ₹17,647 crore and the Direct Growth expense ratio was 0.24%. Minimum SIP investment was ₹500, with a ₹5,000 minimum for lump-sum transactions. Unlike an equity fund, portfolio discussion here is centred on the underlying gold ETF exposure rather than sectors or listed-company concentration. 

SBI Gold ETF represented 100.13% of the disclosed portfolio. TREPS accounted for 0.37%, while net current assets and other adjustments stood at -0.50%. Mathematically, the three disclosed components reconcile to 100.00%. The ETF weight above 100% therefore reflects portfolio accounting adjustments and should not be read as the scheme holding more than 100% of net assets in physical gold. 

Historical risk figures included standard deviation at 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.