SBI Gold Fund Direct Growth NAV Rises to ₹46.13 on 16 September; 1-Year Return at 35.49%

Key Takeaways

• SBI Gold Fund Direct Growth NAV gained 1.03% to ₹46.13 on 16 September 2026. 
• The fund recorded a 35.49% one-year return, 35.58% three-year CAGR and 25.32% five-year CAGR. 
• SBI Gold ETF represented 100.13% of the disclosed allocation, with TREPS at 0.37% and net current assets and other items at -0.50%. 
• Fund size stood at approximately ₹17,647 crore and the Direct Growth expense ratio was 0.24%. 

SBI Gold Fund Direct Growth NAV rose 1.03% to ₹46.13 on 16 September 2026. Its three-year CAGR stood at 35.58%. The scheme managed approximately ₹17,647 crore and carried a Direct Growth expense ratio of 0.24%. Minimum investments were ₹500 through SIP and ₹5,000 through a lump sum. 

Returns remained elevated across the latest reported periods. The one-year return was 35.49%, almost level with the three-year annualised figure of 35.58%. Over five years, the CAGR stood at 25.32%. The three-year return was 10.26 percentage points above the five-year figure, whereas the difference between the one- and three-year numbers was only 0.09 percentage points. 

The portfolio structure differs materially from an equity fund. SBI Gold ETF represented 100.13% of the disclosed allocation. TREPS accounted for another 0.37%, and net current assets and other items stood at -0.50%. Those three figures mathematically reconcile to 100.00%. The ETF exposure above 100% therefore does not mean the scheme owns more than 100% in unadjusted physical gold; it reflects the interaction of the underlying ETF position with cash-related and current-liability adjustments. 

The scheme seeks exposure predominantly through the underlying SBI Gold ETF rather than through an equity portfolio. Its objective is to generate returns corresponding closely to the returns provided by that underlying gold exchange-traded scheme. 

Historical risk readings included standard deviation of 5.40 and a Sharpe ratio of 1.47. Alpha was listed at 27.70 and beta at -0.08 under the page's calculation framework. These figures describe historical statistical relationships and do not establish how gold prices or the scheme's NAV will behave subsequently. 

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