What are the top performing Gold funds?

Based on 1-year returns, the top performing Gold funds are Aditya Birla Sun Life Gold Fund Direct-Growth with 43.63% return, UTI Gold ETF FoF Direct-Growth with 43.57% return, and SBI Gold Direct Plan-Growth with 43.46% return. The category average 1-year return is 42.97%.

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

Over a 3-year period, the best performing Gold funds are Aditya Birla Sun Life Gold Fund Direct-Growth with a 32.57% CAGR, UTI Gold ETF FoF Direct-Growth with 32.14% CAGR, and SBI Gold Direct Plan-Growth with 32.09% CAGR. The category average 3-year return stands at 31.95% CAGR.

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

Over a 5-year period, the top Gold funds are Aditya Birla Sun Life Gold Fund Direct-Growth with a 23.11% CAGR, UTI Gold ETF FoF Direct-Growth with 22.82% CAGR, and SBI Gold Direct Plan-Growth with 22.81% CAGR. The category average 5-year return is 22.73% 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-Growth with 5-year average rolling return of 11.21%, SBI Gold Direct Plan-Growth with 11.13%, and ICICI Prudential Gold ETF FoF Direct-Growth with 10.97%. 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 Direct Plan-Growth with ₹ 15,294.30 crore, HDFC Gold ETF Fund of Fund Direct Plan-Growth with ₹ 11,019.50 crore, and Nippon India Gold Savings Fund Direct-Growth with ₹ 6,853.99 crore. Together, there are 23 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, Nippon India Gold Savings Fund Direct-Growth has the lowest expense ratio at 0.05% (Direct Plan), followed by Quantum Gold ETF FoF Direct-Growth at 0.06%. Lower expense ratios directly improve your net returns over the long term.

How many Gold mutual funds are available in India?

There are currently 23 Gold mutual funds available in India across different fund houses. You can compare all 23 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 42.97% in the last 1 year and 31.95% 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 Aditya Birla Sun Life Gold Fund Direct-Growth with 43.63% return over 1 year.

mutual funds category

Gold

Gold Funds

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

₹ 0.57Lakh Cr

As on latest

Category Return (5Y)

22.73 %

CAGR

Benchmark Data

This category currently has no benchmark assigned.

Category Returns (%)

Period	1M	6M	1Y	3Y CAGR	5Y CAGR	10Y CAGR	YTD
Gold	-6.06 %	-0.99 %	42.97 %	31.95 %	22.73 %	15.23 %	5.23 %
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 Direct Plan-GrowthNAV: ₹43.04	15,294.30 Cr	43.46%	32.04%	22.82%	0.24%
HDFC Gold ETF Fund of Fund Direct Plan-GrowthNAV: ₹43.96	11,019.50 Cr	43.32%	31.94%	22.73%	0.20%
Nippon India Gold Savings Fund Direct-GrowthNAV: ₹56.13	6,853.99 Cr	42.93%	31.75%	22.53%	0.05%
Kotak Gold Fund Direct-GrowthNAV: ₹56.87	6,422.39 Cr	43.19%	31.87%	22.53%	0.14%
ICICI Prudential Gold ETF FoF Direct-GrowthNAV: ₹45.06	6,265.10 Cr	43.33%	32.00%	22.79%	0.18%
Axis Gold Direct Plan-GrowthNAV: ₹44.42	2,827.67 Cr	43.18%	31.60%	22.70%	0.19%
Aditya Birla Sun Life Gold Fund Direct-GrowthNAV: ₹42.50	1,648.18 Cr	43.63%	31.95%	22.67%	0.21%
Tata Gold ETF FoF Direct-GrowthNAV: ₹21.64	1,345.36 Cr	41.69%	-	-	0.24%
UTI Gold ETF FoF Direct-GrowthNAV: ₹27.13	1,299.32 Cr	43.57%	32.57%	-	0.09%
LIC MF Gold ETF FoF Direct-GrowthNAV: ₹38.54	757.28 Cr	42.94%	32.09%	23.11%	0.35%
Mirae Asset Gold ETF FoF Direct-GrowthNAV: ₹17.77	519.07 Cr	42.87%	-	-	0.10%
Quantum Gold ETF FoF Direct-GrowthNAV: ₹53.91	499.24 Cr	43.44%	32.14%	22.81%	0.06%
DSP Gold ETF FoF Direct-GrowthNAV: ₹22.21	473.99 Cr	43.32%	-	-	0.63%
Invesco India Gold ETF FoF Direct-GrowthNAV: ₹40.97	456.45 Cr	42.42%	31.45%	22.58%	0.11%
HSBC Gold ETF FoF Direct-GrowthNAV: ₹9.66	350.07 Cr	-	-	-	0.06%

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 Direct Plan-Growth

Fund Performance: SBI Gold Direct Plan-Growth has given 32.04% annualized returns in the past three years and 22.82% in the last 5 years. The SBI Gold Direct Plan-Growth comes under the Commodities category of SBI Mutual Fund.

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

Min Investment Amt

₹ 5,000.00

AUM

₹ 15,294.30Cr

1Y Returns

43.46%

Expense Ratio

0.24%

HDFC Gold ETF Fund of Fund Direct Plan-Growth

Fund Performance: HDFC Gold ETF Fund of Fund Direct Plan-Growth has given 31.94% annualized returns in the past three years and 22.73% in the last 5 years. The HDFC Gold ETF Fund of Fund Direct Plan-Growth 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-Growth via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 100.00

AUM

₹ 11,019.50Cr

1Y Returns

43.32%

Expense Ratio

0.20%

Nippon India Gold Savings Fund Direct-Growth

Fund Performance: Nippon India Gold Savings Fund Direct-Growth has given 31.75% annualized returns in the past three years and 22.53% in the last 5 years. The Nippon India Gold Savings Fund Direct-Growth 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-Growth via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 100.00

AUM

₹ 6,853.99Cr

1Y Returns

42.93%

Expense Ratio

0.05%

Kotak Gold Fund Direct-Growth

Fund Performance: Kotak Gold Fund Direct-Growth has given 31.87% annualized returns in the past three years and 22.53% in the last 5 years. The Kotak Gold Fund Direct-Growth comes under the Commodities category of Kotak Mahindra Mutual Fund.

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

Min Investment Amt

₹ 100.00

AUM

₹ 6,422.39Cr

1Y Returns

43.19%

Expense Ratio

0.14%

ICICI Prudential Gold ETF FoF Direct-Growth

Fund Performance: ICICI Prudential Gold ETF FoF Direct-Growth has given 32.00% annualized returns in the past three years and 22.79% in the last 5 years. The ICICI Prudential Gold ETF FoF Direct-Growth 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-Growth via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 100.00

AUM

₹ 6,265.10Cr

1Y Returns

43.33%

Expense Ratio

0.18%

Axis Gold Direct Plan-Growth

Fund Performance: Axis Gold Direct Plan-Growth has given 31.60% annualized returns in the past three years and 22.70% in the last 5 years. The Axis Gold Direct Plan-Growth comes under the Commodities category of Axis Mutual Fund.

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

Min Investment Amt

₹ 100.00

AUM

₹ 2,827.67Cr

1Y Returns

43.18%

Expense Ratio

0.19%

Aditya Birla Sun Life Gold Fund Direct-Growth

Fund Performance: Aditya Birla Sun Life Gold Fund Direct-Growth has given 31.95% annualized returns in the past three years and 22.67% in the last 5 years. The Aditya Birla Sun Life Gold Fund Direct-Growth 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-Growth via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 100.00

AUM

₹ 1,648.18Cr

1Y Returns

43.63%

Expense Ratio

0.21%

Tata Gold ETF FoF Direct-Growth

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

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

Min Investment Amt

₹ 5,000.00

AUM

₹ 1,345.36Cr

1Y Returns

41.69%

Expense Ratio

0.24%

UTI Gold ETF FoF Direct-Growth

Fund Performance: UTI Gold ETF FoF Direct-Growth has given 32.57% annualized returns in the past three years. The UTI Gold ETF FoF Direct-Growth comes under the Commodities category of UTI Mutual Fund.

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

Min Investment Amt

₹ 25.00

AUM

₹ 1,299.32Cr

1Y Returns

43.57%

Expense Ratio

0.09%

LIC MF Gold ETF FoF Direct-Growth

Fund Performance: LIC MF Gold ETF FoF Direct-Growth has given 32.09% annualized returns in the past three years and 23.11% in the last 5 years. The LIC MF Gold ETF FoF Direct-Growth 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-Growth via lump sum is ₹ 5,000.00 and via SIP is ₹ 200.00.

Min Investment Amt

₹ 5,000.00

AUM

₹ 757.28Cr

1Y Returns

42.94%

Expense Ratio

0.35%

Mirae Asset Gold ETF FoF Direct-Growth

Fund Performance: The Mirae Asset Gold ETF FoF Direct-Growth comes under the Commodities category of Mirae Asset Mutual Fund.

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

Min Investment Amt

₹ 5,000.00

AUM

₹ 519.07Cr

1Y Returns

42.87%

Expense Ratio

0.10%

Quantum Gold ETF FoF Direct-Growth

Fund Performance: Quantum Gold ETF FoF Direct-Growth has given 32.14% annualized returns in the past three years and 22.81% in the last 5 years. The Quantum Gold ETF FoF Direct-Growth comes under the Commodities category of Quantum Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Quantum Gold ETF FoF Direct-Growth via lump sum is ₹ 500.00 and via SIP is ₹ 500.00.

Min Investment Amt

₹ 500.00

AUM

₹ 499.24Cr

1Y Returns

43.44%

Expense Ratio

0.06%

DSP Gold ETF FoF Direct-Growth

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

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

Min Investment Amt

₹ 100.00

AUM

₹ 473.99Cr

1Y Returns

43.32%

Expense Ratio

0.63%

Invesco India Gold ETF FoF Direct-Growth

Fund Performance: Invesco India Gold ETF FoF Direct-Growth has given 31.45% annualized returns in the past three years and 22.58% in the last 5 years. The Invesco India Gold ETF FoF Direct-Growth comes under the Commodities category of Invesco Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Invesco India Gold ETF FoF Direct-Growth via lump sum is ₹ 1,000.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 1,000.00

AUM

₹ 456.45Cr

1Y Returns

42.42%

Expense Ratio

0.11%

HSBC Gold ETF FoF Direct-Growth

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

Minimum Investment Amount: The minimum amount required to invest in HSBC Gold ETF FoF Direct-Growth via lump sum is ₹ 5,000.00 and via SIP is ₹ 500.00.

Min Investment Amt

₹ 5,000.00

AUM

₹ 350.07Cr

1Y Returns

Expense Ratio

0.06%