SBI Gold Fund Direct Growth NAV at ₹42.75 on 23 October 2026; 3-Year CAGR at 31.01%

Key Takeaways

• SBI Gold Fund Direct Growth recorded a NAV of ₹42.75 on 23 October 2026, declining 1.36% over the valuation day. 
• The scheme's historical returns stood at 13.87% over one year, 31.01% annualised over three years and 23.02% annualised over five years. 
• SBI Gold Fund managed ₹17,423 crore and carried a Direct Growth expense ratio of 0.25%, with a minimum SIP of ₹500. 
• The disclosed allocation of 100.16% to SBI Gold ETF was offset by 0.29% TREPS and -0.45% net current assets and others, reconciling the portfolio to 100%. 

SBI Gold Fund Direct Growth recorded a NAV of ₹42.75 on 23 October 2026, down 1.36% for the valuation day. The scheme's three-year CAGR stood at 31.01%. Its displayed historical returns were 13.87% over one year, 31.01% annualised over three years and 23.02% annualised over five years. 

Unlike an equity fund, SBI Gold Fund is a domestic fund-of-funds structure whose principal exposure is through the SBI Gold ETF. Its reported fund size was ₹17,423 crore, the Direct Growth expense ratio was 0.25%, and the minimum SIP and lump-sum investments were ₹500 and ₹5,000, respectively. 

The portfolio snapshot requires careful interpretation. SBI Gold ETF was shown at 100.16%, with TREPS at 0.29% and Net Current Assets & Others at -0.45%. Adding these components gives 100.00%. The ETF figure being slightly above 100% therefore does not mean the scheme literally owns more than 100% of its net assets in gold. It results from the accounting presentation in which the positive ETF and TREPS positions are offset by negative net current assets or other current liabilities. 

Because its primary exposure comes through a gold ETF, the fund's NAV behaviour is linked mainly to the value of the underlying gold exposure after accounting for fund expenses, liquidity positions and other balance-sheet items. It should consequently not be analysed using stock-sector concentration in the same way as an equity mutual fund. 

The ₹42.75 NAV is the primary-card value explicitly dated 23 October 2026. 

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