SBI Gold Fund Direct Growth NAV Falls to ₹45.67 on 15 September; 1-Year Return at 38.13%

Key Takeaways

• SBI Gold Fund Direct Growth NAV declined 1.16% to ₹45.67 on 15 September 2026. 
• Historical returns stood at 38.13% over one year, 35.61% annualised over three years and 25.17% over five years. 
• Fund size was approximately ₹17,647 crore and the Direct Growth expense ratio stood at 0.24%. 
• SBI Gold ETF represented 100.13% of disclosed assets, with TREPS at 0.37% and net current assets and other adjustments at -0.50%. 

SBI Gold Fund Direct Growth NAV declined 1.16% to ₹45.67 on 15 September 2026. Its one-year historical return stood at 38.13%. Across three years, the annualised figure was 35.61%, making the one-year result 2.52 percentage points higher than the three-year CAGR. 

Over five years, the fund recorded a CAGR of 25.17%. That was 10.44 percentage points below the three-year annualised return and 12.96 percentage points below the one-year figure. These variations reflect different historical periods for gold-linked exposure rather than a uniform annual return pattern. 

Fund size stood at approximately ₹17,647 crore and the Direct Growth expense ratio was 0.24%. Minimum SIP investment was ₹500, while the minimum lump-sum amount was ₹5,000. Since the scheme derives its exposure predominantly through an underlying gold ETF, conventional equity-sector or stock-concentration analysis is not the appropriate framework for reading its portfolio. 

SBI Gold ETF represented 100.13% of the disclosed portfolio. TREPS accounted for another 0.37%, while net current assets and other adjustments stood at -0.50%. These three components reconcile to 100.00%. The ETF weight above 100% therefore reflects accompanying accounting adjustments rather than the scheme holding more than its net assets in physical gold. 

Historical risk statistics 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 those calculations. Exit load stood 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.