Which Gold funds have given the best returns over 3 years?

Over a 3-year period, the best performing Gold funds are Edelweiss Gold and Silver ETF FoF - Direct Plan with a 44.64% CAGR, Motilal Oswal Gold and Silver Passive FoF - Direct Plan with 40.24% CAGR, and Aditya Birla Sun Life Gold Fund - Direct Plan with 36.12% CAGR. The category average 3-year return stands at 35.95% CAGR.

Which Gold funds have given the best returns over 5 years?

Over a 5-year period, the top Gold funds are Edelweiss Gold and Silver ETF FoF - Direct Plan with a 24.56% CAGR, Motilal Oswal Gold and Silver Passive FoF - Direct Plan with 24.55% CAGR, and Aditya Birla Sun Life Gold Fund - Direct Plan with 24.50% CAGR. The category average 5-year return is 24.37% CAGR.

Which are the best Gold funds for SIP investment?

Based on average 5-year rolling returns, the best Gold funds for SIP are Kotak Gold Fund - Direct Plan with 5-year average rolling return of 11.01%, SBI Gold Fund - Direct Plan with 10.93%, and ICICI Prudential Gold ETF FoF - Direct Plan with 10.76%. You can start a SIP in Gold funds with as little as ₹25 per month.

What are the largest Gold mutual funds by assets?

The largest Gold funds by Assets Under Management (AUM) are SBI Gold Fund - Direct Plan with ₹ 15,691.10 crore, HDFC Gold ETF Fund of Fund - Direct Plan with ₹ 11,464.40 crore, and Nippon India Gold Savings Fund - Direct Plan with ₹ 7,178.71 crore. Together, there are 28 Gold funds available in India.

What is the minimum amount to invest in Gold funds?

You can start investing in Gold funds with a minimum SIP of ₹25 per month or a minimum lumpsum of ₹25. The minimum investment varies across fund houses — some funds allow even lower entry points.

How are Gold fund returns taxed?

All gains from Gold funds — regardless of holding period — are added to your income and taxed at your applicable income tax slab rate.

Which Gold funds have the lowest expense ratio?

Among Gold funds, Quantum Gold Savings Fund - Direct Plan has the lowest expense ratio at 0.04% (Direct Plan), followed by Nippon India Gold Savings Fund - Direct Plan at 0.05%. Lower expense ratios directly improve your net returns over the long term.

How many Gold mutual funds are available in India?

There are currently 28 Gold mutual funds available in India across different fund houses. You can compare all 28 funds on Sharpely based on returns, risk, AUM, and expense ratio to find the one that suits your investment goals.

Do Gold funds give better returns than buying physical gold?

Gold funds have delivered 60.84% in the last 1 year and 35.95% CAGR over 3 years — closely tracking gold prices. Unlike physical gold, these funds have no storage cost, no purity risk, and can be bought or sold in minutes. The top performing fund in this category is Edelweiss Gold and Silver ETF FoF - Direct Plan with 110.83% return over 1 year.

mutual funds category

Gold

Gold Funds

Q: What are the top performing Gold funds?

Based on 1-year returns, the top performing Gold funds are Edelweiss Gold and Silver ETF FoF - Direct Plan with 110.83% return, Motilal Oswal Gold and Silver Passive FoF - Direct Plan with 85.02% return, and Aditya Birla Sun Life Gold Fund - Direct Plan with 60.67% return. The category average 1-year return is 60.84%.

Commodity mutual funds invest in various commodities like precious metals, grains, etc. So, gold commodity funds invest in gold.

Total Schemes

No. of schemes

Total AUM

₹ 0.68Lakh Cr

As on latest

Category Return (5Y)

24.37 %

CAGR

Benchmark Data

This category currently has no benchmark assigned.

Category Returns (%)

Period	1M	6M	1Y	3Y CAGR	5Y CAGR	10Y CAGR	YTD
Gold	3.66 %	21.47 %	60.84 %	35.95 %	24.37 %	17.03 %	15.15 %
Benchmark Not Available No benchmark assigned	-	-	-	-	-	-	-

Top Gold Funds (by AUM)

Fund Name	AUM (₹ Cr)	1Y Return	3Y CAGR	5Y CAGR	Expense Ratio
SBI Gold Fund - Direct PlanNAV: ₹47.10	15,691.10 Cr	60.37%	35.64%	24.49%	0.25%
HDFC Gold ETF Fund of Fund - Direct PlanNAV: ₹48.11	11,464.40 Cr	59.61%	35.58%	24.40%	0.20%
Nippon India Gold Savings Fund - Direct PlanNAV: ₹61.45	7,178.71 Cr	59.69%	35.49%	24.19%	0.05%
Kotak Gold Fund - Direct PlanNAV: ₹62.27	6,693.23 Cr	59.58%	35.55%	24.20%	0.11%
ICICI Prudential Gold ETF FoF - Direct PlanNAV: ₹49.25	6,451.89 Cr	59.63%	35.68%	24.36%	0.19%
Edelweiss Gold and Silver ETF FoF - Direct PlanNAV: ₹36.85	2,945.86 Cr	110.83%	44.64%	-	0.20%
Axis Gold Fund - Direct PlanNAV: ₹48.54	2,941.95 Cr	59.79%	35.17%	24.29%	0.18%
Motilal Oswal Gold and Silver Passive FoF - Direct PlanNAV: ₹32.71	2,652.42 Cr	85.02%	40.24%	-	0.22%
Aditya Birla Sun Life Gold Fund - Direct PlanNAV: ₹46.55	1,731.63 Cr	60.67%	35.54%	24.55%	0.21%
Tata Gold ETF FoF - Direct PlanNAV: ₹23.64	1,364.19 Cr	57.79%	-	-	0.24%
UTI Gold ETF FoF - Direct PlanNAV: ₹29.70	1,333.04 Cr	60.24%	36.12%	-	0.16%
Mirae Asset Gold Silver Passive FoF - Direct PlanNAV: ₹17.97	1,306.36 Cr	-	-	-	0.09%
Kotak Gold Silver Passive FoF - Direct PlanNAV: ₹16.41	1,039.27 Cr	-	-	-	0.19%
LIC MF Gold ETF FoF - Direct PlanNAV: ₹42.09	779.49 Cr	59.67%	35.66%	24.56%	0.35%
Axis Gold and Silver Passive FoF - Direct PlanNAV: ₹11.68	549.58 Cr	-	-	-	0.11%

About Gold Funds

What is it?

Commodity mutual funds invest in various commodities like precious metals, grains, etc. So, gold commodity funds invest in gold.

Objective

The objective of these funds is to generate decent returns by investing in gold.

Suitability and opinion

These funds are suitable for investors with a moderate risk appetite. These funds can be a good option for investors bullish on gold or for investors looking to diversify their portfolios by investing in commodities. We are not very bullish on gold and other commodities as the preferred asset for long-term investments. But if investors still want to invest in gold, then we feel that Sovereign Gold Bond (SGB) scheme by the government is a better option. It is suitable for long-term investors as you can not redeem your investment for 5 years. It also provides additional 2.5% guaranteed returns over and above the returns of gold funds.

Gold vs Other Categories

5Y CAGR Return Comparison

No comparison data available.

Key Insights

Not enough valid category return data is available.

Meaningful comparison insights cannot be generated right now.

Please check back later when more historical data becomes available.

Let's have a closer look

Now let us jump and check about these top 15 mutual fund schemes.

SBI Gold Fund - Direct Plan

Fund Performance: SBI Gold Fund - Direct Plan has given 35.64% annualized returns in the past three years and 24.49% in the last 5 years. The SBI Gold Fund - Direct Plan comes under the Commodities category of SBI Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in SBI Gold Fund - Direct Plan via lump sum is ₹ 5,000.00 and via SIP is ₹ 500.00.

Min Investment Amt

₹ 5,000.00

AUM

₹ 15,691.10Cr

1Y Returns

60.37%

Expense Ratio

0.25%

HDFC Gold ETF Fund of Fund - Direct Plan

Fund Performance: HDFC Gold ETF Fund of Fund - Direct Plan has given 35.58% annualized returns in the past three years and 24.40% in the last 5 years. The HDFC Gold ETF Fund of Fund - Direct Plan comes under the Commodities category of HDFC Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in HDFC Gold ETF Fund of Fund - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 100.00

AUM

₹ 11,464.40Cr

1Y Returns

59.61%

Expense Ratio

0.20%

Nippon India Gold Savings Fund - Direct Plan

Fund Performance: Nippon India Gold Savings Fund - Direct Plan has given 35.49% annualized returns in the past three years and 24.19% in the last 5 years. The Nippon India Gold Savings Fund - Direct Plan comes under the Commodities category of Nippon India Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Nippon India Gold Savings Fund - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 100.00

AUM

₹ 7,178.71Cr

1Y Returns

59.69%

Expense Ratio

0.05%

Kotak Gold Fund - Direct Plan

Fund Performance: Kotak Gold Fund - Direct Plan has given 35.55% annualized returns in the past three years and 24.20% in the last 5 years. The Kotak Gold Fund - Direct Plan comes under the Commodities category of Kotak Mahindra Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Kotak Gold Fund - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 100.00

AUM

₹ 6,693.23Cr

1Y Returns

59.58%

Expense Ratio

0.11%

ICICI Prudential Gold ETF FoF - Direct Plan

Fund Performance: ICICI Prudential Gold ETF FoF - Direct Plan has given 35.68% annualized returns in the past three years and 24.36% in the last 5 years. The ICICI Prudential Gold ETF FoF - Direct Plan comes under the Commodities category of ICICI Prudential Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in ICICI Prudential Gold ETF FoF - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 100.00

AUM

₹ 6,451.89Cr

1Y Returns

59.63%

Expense Ratio

0.19%

Edelweiss Gold and Silver ETF FoF - Direct Plan

Fund Performance: Edelweiss Gold and Silver ETF FoF - Direct Plan has given 44.64% annualized returns in the past three years. The Edelweiss Gold and Silver ETF FoF - Direct Plan comes under the Commodities category of Edelweiss Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Edelweiss Gold and Silver ETF FoF - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 100.00

AUM

₹ 2,945.86Cr

1Y Returns

110.83%

Expense Ratio

0.20%

Axis Gold Fund - Direct Plan

Fund Performance: Axis Gold Fund - Direct Plan has given 35.17% annualized returns in the past three years and 24.29% in the last 5 years. The Axis Gold Fund - Direct Plan comes under the Commodities category of Axis Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Axis Gold Fund - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 100.00

AUM

₹ 2,941.95Cr

1Y Returns

59.79%

Expense Ratio

0.18%

Motilal Oswal Gold and Silver Passive FoF - Direct Plan

Fund Performance: Motilal Oswal Gold and Silver Passive FoF - Direct Plan has given 40.24% annualized returns in the past three years. The Motilal Oswal Gold and Silver Passive FoF - Direct Plan comes under the Commodities category of Motilal Oswal Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Motilal Oswal Gold and Silver Passive FoF - Direct Plan via lump sum is ₹ 500.00 and via SIP is ₹ 500.00.

Min Investment Amt

₹ 500.00

AUM

₹ 2,652.42Cr

1Y Returns

85.02%

Expense Ratio

0.22%

Aditya Birla Sun Life Gold Fund - Direct Plan

Fund Performance: Aditya Birla Sun Life Gold Fund - Direct Plan has given 35.54% annualized returns in the past three years and 24.55% in the last 5 years. The Aditya Birla Sun Life Gold Fund - Direct Plan comes under the Commodities category of Aditya Birla Sun Life Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Aditya Birla Sun Life Gold Fund - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 100.00

AUM

₹ 1,731.63Cr

1Y Returns

60.67%

Expense Ratio

0.21%

Tata Gold ETF FoF - Direct Plan

Fund Performance: The Tata Gold ETF FoF - Direct Plan comes under the Commodities category of Tata Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Tata Gold ETF FoF - Direct Plan via lump sum is ₹ 5,000.00 and via SIP is ₹ 150.00.

Min Investment Amt

₹ 5,000.00

AUM

₹ 1,364.19Cr

1Y Returns

57.79%

Expense Ratio

0.24%

UTI Gold ETF FoF - Direct Plan

Fund Performance: UTI Gold ETF FoF - Direct Plan has given 36.12% annualized returns in the past three years. The UTI Gold ETF FoF - Direct Plan comes under the Commodities category of UTI Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in UTI Gold ETF FoF - Direct Plan via lump sum is ₹ 25.00 and via SIP is ₹ 25.00.

Min Investment Amt

₹ 25.00

AUM

₹ 1,333.04Cr

1Y Returns

60.24%

Expense Ratio

0.16%

Mirae Asset Gold Silver Passive FoF - Direct Plan

Fund Performance: The Mirae Asset Gold Silver Passive FoF - Direct Plan comes under the Commodities category of Mirae Asset Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Mirae Asset Gold Silver Passive FoF - Direct Plan via lump sum is ₹ 5,000.00 and via SIP is ₹ 99.00.

Min Investment Amt

₹ 5,000.00

AUM

₹ 1,306.36Cr

1Y Returns

Expense Ratio

0.09%

Kotak Gold Silver Passive FoF - Direct Plan

Fund Performance: The Kotak Gold Silver Passive FoF - Direct Plan comes under the Commodities category of Kotak Mahindra Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Kotak Gold Silver Passive FoF - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 100.00

AUM

₹ 1,039.27Cr

1Y Returns

Expense Ratio

0.19%

LIC MF Gold ETF FoF - Direct Plan

Fund Performance: LIC MF Gold ETF FoF - Direct Plan has given 35.66% annualized returns in the past three years and 24.56% in the last 5 years. The LIC MF Gold ETF FoF - Direct Plan comes under the Commodities category of LIC Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in LIC MF Gold ETF FoF - Direct Plan via lump sum is ₹ 5,000.00 and via SIP is ₹ 200.00.

Min Investment Amt

₹ 5,000.00

AUM

₹ 779.49Cr

1Y Returns

59.67%

Expense Ratio

0.35%

Axis Gold and Silver Passive FoF - Direct Plan

Fund Performance: The Axis Gold and Silver Passive FoF - Direct Plan comes under the Commodities category of Axis Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Axis Gold and Silver Passive FoF - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 100.00

AUM

₹ 549.58Cr

1Y Returns

Expense Ratio

0.11%