ETFGold ETFRegularGrowthModerately High

SBI Gold ETF

Q: What is the NAV of SBI Gold ETF?

As of 05 Oct 2026, the NAV of SBI Gold ETF is ₹125.08 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has SBI Gold ETF delivered?

SBI Gold ETF has returned +25.24% over 1 year, +36.27% per year over 3 years, +24.67% per year over 5 years and +13.05% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of SBI Gold ETF?

SBI Gold ETF charges an expense ratio of 0.65% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of SBI Gold ETF?

SBI Gold ETF's largest holdings are Gold (98.3%). Holdings are disclosed monthly and change over time.

Q: How risky is SBI Gold ETF?

SBI Gold ETF is rated moderately high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 19.3% and its worst peak-to-trough fall in our sample was -29.5%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of 1.54 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. SBI Gold ETF's 1.54 means it has rewarded its volatility with excess return. Higher is better.

Q: Who manages SBI Gold ETF?

SBI Gold ETF is managed by Vandna Soni at SBI.

Q: How is SBI Gold ETF taxed?

SBI Gold ETF is a non-equity fund (a fund-of-funds, gold, international or balanced-hybrid scheme). Since FY 2025-26 it's no longer taxed like a pure-debt fund: gains on units held more than 1 year are long-term, taxed at 12.5% (no indexation, no ₹1.25 lakh exemption); units held 1 year or less are taxed at your income-tax slab rate.

SBI Mutual Fund · Best Gold ETFs

NAV

₹125.08

-0.21% 1D

as of 05 Oct 2026

This is the Regular plan of SBI Gold ETF — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

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Performance

+22.91%absolute

52-week rangePrev NAV ₹125.34

Latest ₹125.08

Low ₹100.7051st percentile of its 52-week rangeHigh ₹148.93

Scorecard

Not rated

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. Not rated — too few comparable ETF funds (same plan and option) to rank against yet.

Performance—

Not enough Gold ETF peers to rank yet

Risk—

Volatility 19.3% (no category average yet)

Cost—

0.7% expense (no category average yet)

ConsistencyModerate

86% of rolling 3Y windows were positive

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.65%

Category —

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

—

Category —

Excess return per unit of total volatility (rf = 6.5%)

1.54

Category —

Scheme Info

Definitions

Plan

Regular · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

For further details refer Section II. Timeline for  Dispatch of redemption proceeds: within 3 working days from the date of redemption or repurchase (under normal circumstances) Further, in exceptional situations additional timelines in line with AMFI letter no. AMFI/35P/MEM -COR/74/2022-23 dated January 16, 2023 will be applicable for transfer of redemption or repurchase proceeds to the unithold

—

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

—

Smallest recurring SIP instalment the scheme accepts

—

Smallest one-time (lumpsum) investment the scheme accepts

₹2,022

Benchmark

—

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

27 May 2009

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-4.48%

Absolute return over the last 3 months (not annualized)

+0.98%

Absolute return over the last 6 months (not annualized)

+0.59%

Absolute return since 1 Jan of this year (not annualized)

+10.46%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+25.24%

3-year annualized return (CAGR)

+36.27%

5-year annualized return (CAGR)

+24.67%

10-year annualized return (CAGR)

+15.94%

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+13.05%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

19.28%

Excess return per unit of total volatility (rf = 6.5%)

1.54

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

2.21

Largest peak-to-trough decline over full history

-29.52%

Benchmark ratios (vs Gold · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Gold

-1.28%

Sensitivity to Gold moves; 1 = moves with the index

1.06

How much of the fund's movement Gold explains

96.0%

Excess return per unit of beta (market risk)

27.04

Active return over the benchmark per unit of tracking error

0.04

Annualized std dev of fund-minus-benchmark returns

4.18%

Fund's share of benchmark gains in up months (100 = matches index)

99.9%

Fund's share of benchmark losses in down months (lower is better)

98.6%

Computed vs the Gold over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Gold ETF)

Period	Fund	Category avg.	Diff
1M abs	-4.48%	—	—
3M abs	+0.98%	—	—
6M abs	+0.59%	—	—
1Y CAGR	+25.24%	—	—
3Y CAGR	+36.27%	—	—
5Y CAGR	+24.67%	—	—

Category average across peers in Gold ETF (up to 4 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹12.04L

Absolute

+100.59%

XIRR

+29.13%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into SBI Gold ETF, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund	Gold	Diff
2026part	+10.46%	+10.42%	+0.04%
2025	+72.07%	+71.81%	+0.26%
2024	+19.47%	+19.44%	+0.03%
2023	+12.60%	+14.68%	-2.08%
2022	+14.06%	+12.80%	+1.26%
2021	-4.46%	-5.19%	+0.73%
2020	+26.56%	+27.00%	-0.44%
2019	+23.05%	+22.95%	+0.10%
2018	+6.77%	+6.67%	+0.10%
2017	+2.69%	+2.43%	+0.26%

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.

History points

4,245

Expense ratio

0.65%

AUM

₹24,720Cr

Portfolio turnover

Exit load

Taxation

Taxed as non-equity

This is a non-equity fund — a fund-of-funds, gold/silver, international or balanced-hybrid scheme. It isn't equity-oriented, but since FY 2025-26 it's no longer taxed like a pure-debt fund either: gains held over 1 year get the 12.5% long-term rate; shorter holdings are taxed at your income-tax slab rate.

Short-term

30%

Held under 1 year

Added to your income at your slab rate

Long-term (LTCG)

12.5%

Held 1 year or more

No indexation, no ₹1.25 L exemption

Your income-tax slab

Sets the short-term (slab-rate) figure above.

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Gold ETF

Compare all


SBI Gold ETFThis fund SBI · Regular · Growth	—	+25.24%	+36.27%	+24.67%	—	0.65%	₹24,720Cr
Invesco India Gold Exchange Traded Fund Invesco · Regular · Growth	—	+25.18%	+36.56%	+24.88%	—	0.50%	₹734.65Cr
Baroda BNP Paribas Gold ETF Baroda BNP Paribas · Regular · Growth	—	+25.19%	—	—	—	0.59%	₹334.50Cr
Bandhan Gold ETF Bandhan · Regular · Growth	—	—	—	—	—	0.45%	₹172.36Cr
The Wealth Company Gold ETF The Wealth Company · Regular · Growth	—	—	—	—	—	0.34%	₹23.66Cr
UTI - Gold Exchange Traded Fund UTI · Direct · Growth	★★★★☆	+25.76%	+36.93%	+24.99%	—	—	₹3,315Cr

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Other98.34%
Cash & Equivalents1.66%

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-29.5%28 Aug 2013 → 31 Jul 2015
Fell over 1.9 years, back to the old high on 05 Aug 2019 — 4.0 years under water after the low.
-23.1%27 Nov 2012 → 28 Jun 2013
Fell over 7 months, back to the old high on 28 Aug 2013 — 2 months under water after the low.
-22.3%29 Jan 2026 → 23 Mar 2026
Still below that high — 2 months down, and no recovery yet.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹24,720Cr

April - June 2026

+9%

since January - March 2026

+₹1,246Cr

est. net flow, last quarter

At or near its largest, ₹24,720Cr in April - June 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

AMC Profile

SBI Mutual Fund is a joint venture between the State Bank of India and Amundi of France, and was set up in 1987 as the first fund house in India outside UTI. It is the largest by assets, helped by managing a share of the EPFO's ETF investments.

Launched

28 Jun 1987

Total AUM

₹12,57,352Cr+0.7% QoQ

Avg AUM · April - June 2026

Website

sbimf.com

Fund Managers

VSVandna SoniStart date not disclosed

Role

Fund Manager

Education

MBA

Experience

Ms. Vandna Soni joined SBIFML in December 2021 as Equity Research Analyst and has been involved in tracking of commodities and related sectors such as Cement, Metal, Oil and Gas. She has overall 10 years of experience in the area of financial services. Prior to joining SBIFML, she was associated with following entities wherein she was primarily involved in equity research of different sectors-: SBICAP Securities Limited (April 2019 to December 2021) Antique Stock Broking (October 2018 to April 2019) CRISIL GR&A (January 2014 to September 2018) She is managing SBI Silver ETF, SBI Equity Savings Fund (ETCD portion), SBI Gold ETF, and SBI Multi Asset Allocation Fund (ETCD portion).

Funds managed (3)

All schemes Vandna Soni runs →

Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

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Fund managers

Vandna Soni

SBI in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Gold funds & ETFs

Gold ETFs hold physical gold of standard purity and track its domestic price, so a unit is a claim on bullion rather than on a company. Gold funds-of-funds hold the ETF instead, which is what lets you buy them as a SIP without a demat account.

Frequently asked questions

What is the NAV of SBI Gold ETF?

As of 05 Oct 2026, the NAV of SBI Gold ETF is ₹125.08 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has SBI Gold ETF delivered?

SBI Gold ETF has returned +25.24% over 1 year, +36.27% per year over 3 years, +24.67% per year over 5 years and +13.05% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of SBI Gold ETF?

SBI Gold ETF charges an expense ratio of 0.65% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of SBI Gold ETF?

SBI Gold ETF's largest holdings are Gold (98.3%). Holdings are disclosed monthly and change over time.

How risky is SBI Gold ETF?

SBI Gold ETF is rated moderately high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 19.3% and its worst peak-to-trough fall in our sample was -29.5%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of 1.54 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. SBI Gold ETF's 1.54 means it has rewarded its volatility with excess return. Higher is better.

Who manages SBI Gold ETF?

SBI Gold ETF is managed by Vandna Soni at SBI.

How is SBI Gold ETF taxed?

SBI Gold ETF is a non-equity fund (a fund-of-funds, gold, international or balanced-hybrid scheme). Since FY 2025-26 it's no longer taxed like a pure-debt fund: gains on units held more than 1 year are long-term, taxed at 12.5% (no indexation, no ₹1.25 lakh exemption); units held 1 year or less are taxed at your income-tax slab rate.