SBI Gold Fund Direct Growth NAV Declines to ₹44.78 on 12 October 2026; 3-Year CAGR at 34.84%

Key Takeaways

• SBI Gold Fund Direct Growth recorded a NAV of ₹44.78 on 12 October 2026, declining 1.18% over the valuation day. 
• The scheme's historical returns stood at 20.52% over one year, 34.84% annualised over three years and 24.38% annualised over five years. 
• The latest portfolio disclosure showed SBI Gold ETF at 100.16%, TREPS at 0.29% and net current assets and others at -0.45%, which together reconcile to 100%. 

SBI Gold Fund Direct Growth recorded a NAV of ₹44.78 on 12 October 2026, following a daily decline of 1.18%. 

The scheme operates as a domestic fund of funds rather than a conventional equity mutual fund. Its investment objective is to generate returns that closely correspond to those of the underlying SBI Gold ETF. 

Consequently, its performance is connected to gold-related market movements and the fund's underlying ETF exposure, rather than the earnings or share prices of a diversified portfolio of listed companies. 

Historical performance figures showed a one-year return of 20.52%. Over three years, the fund reported an annualised return of 34.84%, while the five-year CAGR was 24.38%. 

The latest fund-size snapshot stood at ₹17,647 crore. The Direct Growth expense ratio was 0.25%, with minimum SIP and lump-sum investment requirements of ₹500 and ₹5,000, respectively. 

The portfolio allocation requires a distinction between gross investment weights and the overall net asset composition. 

SBI Gold ETF represented 100.16% of the displayed portfolio, while TREPS accounted for 0.29%. Net current assets and other items were -0.45%. 

These three disclosed components reconcile to 100%. The ETF percentage above 100% does not mean that the fund literally owns more than all its net assets in gold. It reflects the offsetting effect of negative net current assets and other disclosed items. 

TREPS represents a short-term liquidity allocation, while the ETF is the primary investment exposure. 

The latest risk measures included standard deviation of 5.46, beta of 0.02 and Sharpe ratio of 1.43. 

The displayed exit-load schedule specifies a 1% charge for exits within 15 days of allotment and nil thereafter. 

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