SBI Gold Fund Direct Growth NAV Slips to ₹43.57 on 21 October 2026; 3-Year CAGR at 31.67%

Key Takeaways

• SBI Gold Fund Direct Growth recorded an NAV of ₹43.57 on 21 October 2026, declining 1.49% during the valuation day. 
• Historical returns stood at 11.94% over one year, 31.67% CAGR over three years and 23.56% CAGR over five years. 
• The latest displayed AUM was ₹17,423 crore, with a Direct Growth expense ratio of 0.25%, a ₹500 minimum SIP and ₹5,000 minimum lump-sum investment. 
• The portfolio showed SBI Gold ETF at 100.16%, TREPS at 0.29% and net current assets and others at -0.45%, which mathematically reconcile to 100%. 

SBI Gold Fund Direct Growth recorded an NAV of ₹43.57 on 21 October 2026, falling 1.49% over the day. The exact NAV and valuation date are shown together on the 5paisa primary card. SBI Gold Fund is a domestic fund-of-funds product rather than an equity scheme, so its portfolio structure and return drivers differ from those of diversified stock funds. 

The displayed historical return record showed 11.94% for one year, 31.67% CAGR for three years and 23.56% CAGR for five years as of 21 October. These figures describe trailing historical performance and should not be used to infer future gold or NAV movements. 

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

Portfolio composition is particularly important in this scheme. SBI Gold ETF was displayed at 100.16%, TREPS at 0.29%, and net current assets and others at -0.45%. The 100.16% ETF figure should not be interpreted to mean that the fund literally has more than 100% of its net assets invested in gold. The positive ETF and TREPS exposures are offset by the negative net current asset position: 100.16% + 0.29% - 0.45% = 100.00%. 

TREPS is a short-term liquidity exposure and is separate from the underlying gold ETF holding. Likewise, negative net current assets can arise from accounting for payables, receivables and other current positions at the portfolio level. 

The 21 October NAV movement therefore needs to be viewed in the context of a gold-oriented fund-of-funds structure, rather than through equity portfolio measures such as stock concentration. 

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