SBI Gold Fund Direct Growth NAV Falls to ₹41.65 on 12 November 2026; 3-Year CAGR at 29.98%

Key Takeaways

• SBI Gold Fund Direct Growth recorded a NAV of ₹41.65 on 12 November 2026 after declining 2.21% over the valuation day.
• Historical returns stood at 9.84% over one year, 29.98% CAGR over three years and 21.67% CAGR over five years.
• SBI Gold ETF represented 100.04%, TREPS 0.07% and net current assets and others -0.11%, with the three figures reconciling to 100%.

SBI Gold Fund Direct Growth recorded a NAV of ₹41.65 on 12 November 2026, with the primary 5paisa card showing a 2.21% one-day decline. The scheme's three-year CAGR was 29.98%, while its fund size stood at ₹17,423 crore. The Direct Growth expense ratio was 0.25%; the minimum SIP was ₹500 and minimum lump-sum investment ₹5,000.

The displayed trailing-return figures stood at 9.84% over one year, 29.98% CAGR over three years and 21.67% CAGR over five years. SBI Gold Fund is a domestic fund-of-funds strategy whose objective is to seek returns corresponding closely to SBI Gold ETF rather than investing like a conventional diversified equity scheme.

The latest allocation showed SBI Gold ETF at 100.04%, TREPS at 0.07% and net current assets and others at -0.11%. These figures reconcile to 100%. The ETF allocation above 100% therefore does not mean the scheme literally owned more than 100% of its net assets in gold; the negative net current asset position offsets the ETF and TREPS exposure in the portfolio accounting.

This structure is materially different from equity mutual funds whose individual stock holdings drive the portfolio. Changes in the underlying gold ETF and related portfolio accounting are central to SBI Gold Fund's NAV behaviour. The ₹41.65 NAV is the exact value verified for 12 November 2026, while the multi-year returns describe historical performance through the displayed measurement periods.

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