SBI Gold Fund Direct Growth NAV Jumps 1.66% to ₹46.7213 on 18 September; 1-Year Return at 38.20%

Key Takeaways

• SBI Gold Fund Direct Growth NAV reached ₹46.7213 on 18 September 2026, gaining 1.66%. 
• The latest one-year return stood at 38.20%. 
• Assets under management were approximately ₹17,647 crore. 
• The scheme derives exposure predominantly through gold-linked instruments and its underlying gold ETF structure. 

SBI Gold Fund Direct Growth NAV increased 1.66% to ₹46.7213 on 18 September 2026. Its latest one-year historical return stood at 38.20%, making the return horizon more relevant to gold-price movement than conventional equity-sector comparisons. 

The scheme managed approximately ₹17,647 crore and had a Direct Plan base expense ratio of 0.20% in the latest supporting disclosure. Its structure is designed to provide returns broadly corresponding to the performance of the underlying SBI Gold Exchange Traded Scheme. 

Because this is a gold fund, equity-style analysis of sector weights, market capitalisation and stock concentration is not appropriate. Portfolio discussion should instead focus on the fund's underlying gold ETF exposure, cash or TREPS balances and any accounting adjustments around the underlying portfolio. 

The 1.66% daily increase was one of the larger NAV moves across the 20-scheme set on 18 September. Gold-linked portfolios can respond to changes in international gold prices, currency movements and domestic gold-market conditions. A single-day move, however, remains only one point in the scheme's historical return path. 

The one-year figure of 38.20% is backward-looking. It reflects the change over the preceding year and should not be interpreted as a prospective return assumption. 

The NAV of ₹46.7213 corresponds specifically to 18 September 2026. Supporting AUM and expense-ratio statistics come from the latest available scheme data and may be reported on a different update cycle. 

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