This is the Direct plan of SBI Gold Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.
Performance
Scorecard
★★★☆☆3/5 vs 75 of 155 FoF Domestic peers- Performance 60%
- Risk 15%
- Cost 10%
- Downside 15%
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. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within FoF Domestic (same plan and option). 75 of the 155 FoF Domestic funds in this cohort carry the full record the stars need, so they are the ones ranked against.
3Y CAGR +35.09% · ranks 17 of 75 FoF Domestic funds
Volatility 21.5% vs 17.7% category avg
0.3% expense vs 0.2% category avg
90% of rolling 3Y windows were positive
Strengths & concerns
Generated from this fund's own numbers against its sub-category — each point names the figure behind it.
Strengths
- 1-year return (+24.34%) beats the FoF Domestic average (+12.01%)
- 3-year return (+35.09%) beats the FoF Domestic average (+19.01%)
- 5-year return (+24.83%) beats the FoF Domestic average (+12.97%)
- Ranks #23 of 118 on 1-year return in its FoF Domestic cohort
- Stronger risk-adjusted returns — Sharpe 1.33 vs 0.68 FoF Domestic average
Concerns
- More volatile than its FoF Domestic peers (21.5% vs 17.7%)
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk and benchmark ratios
Fund vs category average (FoF Domestic)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -3.08% | -3.21% | +0.13% |
| 3M abs | +5.14% | -0.22% | +5.36% |
| 6M abs | -1.67% | +3.79% | -5.46% |
| 1Y CAGR | +24.34% | +12.01% | +12.33% |
| 3Y CAGR | +35.09% | +19.01% | +16.08% |
| 5Y CAGR | +24.83% | +12.97% | +11.86% |
Category average across peers in FoF Domestic (154 of 155 carry a figure for at least one period), 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.
Category rank
Vs 155 peers in FoF Domestic
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
60 monthly installments of ₹10,000 into SBI Gold Fund, 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 | +10.35% | +10.42% | -0.07% | |
| 2025 | +71.85% | +71.81% | +0.04% | |
| 2024 | +19.88% | +19.44% | +0.44% | |
| 2023 | +14.43% | +14.68% | -0.25% | |
| 2022 | +13.01% | +12.80% | +0.21% | |
| 2021 | -5.34% | -5.19% | -0.15% | |
| 2020 | +27.90% | +27.00% | +0.90% | |
| 2019 | +23.29% | +22.95% | +0.34% | |
| 2018 | +6.91% | +6.67% | +0.24% | |
| 2017 | +3.91% | +2.43% | +1.48% |
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.
Taxation
Taxed as non-equityThis 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 2 years get the 12.5% long-term rate; shorter holdings are taxed at your income-tax slab rate.
Added to your income at your slab rate
No indexation, no ₹1.25 L exemption
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.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Other100.13%
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.
Fund Managers
RSRaviprakash SharmaStart date not disclosed
Chief Dealer (Equity) Fund Manager
B.Com, C.A., CFA Charter Holder (CFA Institute, USA)
Mr. Sharma has over 26 years experience in Indian capital markets in various capacities including Portfolio Management and Dealing in equity shares on behalf of clients. He joined SBI Funds Management Limited in January • From April 2007 to Jan 2011- as Sr. Manager - Portfolio Management Services with HDFC Asset Management Co. Ltd. • From July 2006 to April 2007 - as financial advisor with Citigroup Wealth Advisors India Pvt. Ltd. • From Dec 2004 – July 2006 – as AVP - Non-Discretionary PMS with Kotak Securities Ltd. • From Nov 2003 to Nov 2004- as AVP - Fixed Income Group with Times Investors Services Pvt. Ltd., Mumbai. • From Nov 1999 to Nov 2003 as Manager - Fixed Income Group with Birla Sun Life Securities Ltd. Presently, he is Chief Equity dealer & managing SBI Nifty Index Fund, SBI BSE Sensex ETF, SBI Gold Fund, SBI Nifty Bank ETF, SBI BSE 100 ETF, SBI Nifty Next 50 ETF, SBI Nifty 50 ETF, SBI BSE Sensex Next 50 ETF, SBI NIFTY 200 Quality 30 ETF, SBI Equity Minimum Variance Fund, SBI Nifty Next 50 Index Fund and
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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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.
From the blog
Frequently asked questions
What is the NAV of SBI Gold Fund?
As of 01 Oct 2026, the NAV of SBI Gold Fund is ₹44.87 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has SBI Gold Fund delivered?
SBI Gold Fund has returned +24.34% over 1 year, +35.09% per year over 3 years, +24.83% per year over 5 years and +10.96% 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 Fund?
SBI Gold Fund charges an expense ratio of 0.25% 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 Fund?
SBI Gold Fund's largest holdings are SBI Gold ETF (100.1%). Holdings are disclosed monthly and change over time.
How risky is SBI Gold Fund?
SBI Gold Fund is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 21.5% and its worst peak-to-trough fall in our sample was -25.0%. 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 1.33 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. SBI Gold Fund's 1.33 means it has rewarded its volatility with excess return. Higher is better.
Who manages SBI Gold Fund?
SBI Gold Fund is managed by Raviprakash Sharma at SBI.
How is SBI Gold Fund taxed?
SBI Gold Fund 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 2 years are long-term, taxed at 12.5% (no indexation, no ₹1.25 lakh exemption); units held 2 years or less are taxed at your income-tax slab rate.