SBI Gold Fund Direct Growth NAV at ₹44.22 on 19 October 2026; 3-Year CAGR at 33.10%

Key Takeaways

• SBI Gold Fund Direct Growth recorded a NAV of ₹44.22 on 19 October 2026, declining 0.32% for the valuation day. 
• The scheme's historical returns stood at 10.79% over one year, 33.10% CAGR over three years and 24.01% CAGR over five years. 
• AUM was approximately ₹17,423 crore, while the displayed Direct Growth expense ratio was 0.25%. 
• The portfolio showed 100.16% in SBI Gold ETF, 0.29% in TREPS and -0.45% in net current assets and others, which mathematically reconciled to 100%. 

SBI Gold Fund Direct Growth recorded a NAV of ₹44.22 on 19 October 2026. The NAV declined 0.32% over the valuation day. Its historical return profile showed a one-year return of 10.79%, a three-year CAGR of 33.10% and a five-year CAGR of 24.01%. 

The fund had approximately ₹17,423 crore in assets under management in the latest displayed snapshot. The Direct Growth expense ratio stood at 0.25%, while the minimum SIP amount was ₹500 and the minimum lump-sum investment was ₹5,000. 

SBI Gold Fund differs structurally from an equity mutual fund. Its objective is to generate returns corresponding to the performance of SBI Gold Exchange Traded Scheme, subject to expenses and tracking effects. The main underlying exposure was SBI Gold ETF rather than a portfolio of listed operating companies. 

The disclosed allocation requires particular care in interpretation. SBI Gold ETF was shown at 100.16%, TREPS at 0.29%, and Net Current Assets & Others at -0.45%. Adding the three figures gives 100.00%. The ETF weight above 100% therefore reflects the way the gross holdings and negative current-asset balance are presented in the portfolio accounts; it does not mean that the fund literally had more than 100% of its net assets invested in gold. 

TREPS is a short-term money-market position, while the negative net current-assets line offsets part of the gross ETF and TREPS allocation. This accounting relationship is important when reading the scheme's portfolio percentages and distinguishes the fund from conventional diversified equity portfolios. 

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