SBI Gold Fund Direct Growth NAV Falls 0.53% to ₹43.34 on 22 October; 3-Year CAGR at 31.41%

Key Takeaways

• SBI Gold Fund Direct Growth recorded a NAV of ₹43.34 on 22 October 2026, declining 0.53% over the valuation day. 
• The scheme's one-, three- and five-year returns stood at 11.35%, 31.41% and 23.37%, respectively. 
• SBI Gold ETF represented 100.16% of the displayed allocation, offset by 0.29% in TREPS and -0.45% in net current assets and others, reconciling the portfolio to 100%. 

SBI Gold Fund Direct Growth recorded a NAV of ₹43.34 on 22 October 2026, with the primary 5paisa card showing a one-day decline of 0.53%. The scheme is categorised as a domestic fund of funds and is structured around exposure to SBI Gold ETF rather than a portfolio of listed operating companies. 

Historical performance remained positive across each displayed long-term period. The one-year return stood at 11.35%, the three-year CAGR at 31.41%, and the five-year annualised return at 23.37%. These are historical return measures and should not be treated as forecasts for gold prices or future fund performance. 

The displayed fund size was ₹17,423 crore and the Direct Growth expense ratio was 0.25%. The minimum SIP amount was ₹500 and the minimum lump-sum investment was ₹5,000. 

The portfolio accounting deserves specific interpretation. SBI Gold ETF was displayed at 100.16%, TREPS at 0.29%, and Net CA & Others at -0.45%. These components mathematically reconcile to 100.00%. The ETF reading above 100% therefore does not mean that the scheme literally owns more than 100% of its net assets in gold. Instead, the gross ETF position is offset by the negative net-current-assets component, alongside the small TREPS allocation. 

TREPS is a short-term liquidity exposure and should be treated separately from the underlying gold ETF position. The scheme's NAV can be influenced by changes in the value of its underlying ETF exposure and associated fund-level assets and liabilities, rather than by movements in an equity portfolio. 

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