ETFGold ETFDirectGrowthModerately High

Nippon India ETF Gold BeES

Q: What is the NAV of Nippon India ETF Gold BeES?

As of 05 Oct 2026, the NAV of Nippon India ETF Gold BeES is ₹121.26 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Nippon India ETF Gold BeES delivered?

Nippon India ETF Gold BeES has returned +25.09% over 1 year, +36.12% per year over 3 years, +24.57% per year over 5 years and +15.94% 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 Nippon India ETF Gold BeES?

Nippon India ETF Gold BeES charges an expense ratio of 0.81% 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 Nippon India ETF Gold BeES?

Nippon India ETF Gold BeES's largest holdings are GOLD 995 1KG BAR (98.5%). Holdings are disclosed monthly and change over time.

Q: How risky is Nippon India ETF Gold BeES?

Nippon India ETF Gold BeES is rated moderately high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 19.4% and its worst peak-to-trough fall in our sample was -22.3%. 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 1.52 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Nippon India ETF Gold BeES's 1.52 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of Nippon India ETF Gold BeES?

Nippon India ETF Gold BeES is benchmarked against the Domestic Price of Gold. Its alpha and beta on this page are measured against that index.

Q: Who manages Nippon India ETF Gold BeES?

Nippon India ETF Gold BeES is managed by Vikram Dhawan at Nippon India.

Q: How is Nippon India ETF Gold BeES taxed?

Nippon India ETF Gold BeES 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.

Nippon India Mutual Fund · Best Gold ETFs

NAV

₹121.26

-0.21% 1D

as of 05 Oct 2026

This is the Direct plan of Nippon India ETF Gold BeES — 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.

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Performance

+22.77%absolute

52-week rangePrev NAV ₹121.52

Latest ₹121.26

Low ₹97.7350th percentile of its 52-week rangeHigh ₹144.57

Scorecard

★★★☆☆3/5 vs 2 of 7 Gold ETF 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 Gold ETF (same plan and option). 2 of the 7 Gold ETF funds in this cohort carry the full record the stars need, so they are the ones ranked against.

Performance—

Not enough Gold ETF peers to rank yet

RiskLow

Volatility 19.4% vs 23.4% category avg

CostHigh

0.8% expense vs 0.5% category avg

ConsistencyHigh

100% 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

Less volatile than its Gold ETF peers (19.4% vs 23.4%)
Consistent — positive in 100% of rolling 3-year windows

Concerns

Ranks #5 of 6 on 1-year return in its Gold ETF cohort
High expense ratio (0.81%) vs the Gold ETF average of 0.46%

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.81%

Category 0.46%▲0.35%

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

—

Category —

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

1.52

Category —

Scheme Info

Definitions

Plan

Direct · Growth

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

None

Exit Load

None

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

0.005%

SIP Inv.

Not allowed

Smallest recurring SIP instalment the scheme accepts

—

Smallest one-time (lumpsum) investment the scheme accepts

—

Domestic Price of Gold

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.

07 Nov 2016

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

Definitions

Absolute return over the last 1 month (not annualized)

-4.50%

Absolute return over the last 3 months (not annualized)

+0.94%

Absolute return over the last 6 months (not annualized)

+0.50%

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

+10.33%

Annualized returns (≥1Y — CAGR)

Definitions

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

+25.09%

3-year annualized return (CAGR)

+36.12%

5-year annualized return (CAGR)

+24.57%

10-year annualized return (CAGR)

—

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.

+15.94%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

19.42%

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

1.52

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

2.19

Largest peak-to-trough decline over full history

-22.28%

Benchmark ratios (vs Gold · 36 monthly returns)

Definitions

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

-1.36%

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)

26.95

Active return over the benchmark per unit of tracking error

0.01

Annualized std dev of fund-minus-benchmark returns

4.17%

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

99.7%

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

98.7%

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	-4.50%	-4.28%	-0.22%
3M abs	+0.94%	+1.60%	-0.66%
6M abs	+0.50%	+0.31%	+0.19%
1Y CAGR	+25.09%	+25.35%	-0.26%
3Y CAGR	+36.12%	—	—
5Y CAGR	+24.57%	—	—

Category average across peers in Gold ETF (up to 7 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.

Category rank

Vs 7 peers in Gold ETF

1Y return

+25.09%

Beats 20% · rank #5

3Y return

+36.12%

—

5Y return

+24.57%

—

Sharpe

1.52

—

Sortino

2.19

—

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

₹12.01L

Absolute

+100.22%

XIRR

+29.06%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Nippon India ETF Gold BeES, 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	+10.33%	+10.42%	-0.09%
2025	+71.97%	+71.81%	+0.16%
2024	+19.37%	+19.44%	-0.07%
2023	+12.74%	+14.68%	-1.94%
2022	+13.96%	+12.80%	+1.16%
2021	-4.78%	-5.19%	+0.41%
2020	+26.21%	+27.00%	-0.79%
2019	+22.86%	+22.95%	-0.09%
2018	+6.88%	+6.67%	+0.21%
2017	+2.87%	+2.43%	+0.44%

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

2,446

Expense ratio

0.81%

AUM

₹55,583Cr

Portfolio turnover

42%

Exit load

Not Applicable

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


Nippon India ETF Gold BeESThis fund Nippon India · Direct · Growth	★★★☆☆	+25.09%	+36.12%	+24.57%	—	0.81%	₹55,583Cr
UTI - Gold Exchange Traded Fund UTI · Direct · Growth	★★★★☆	+25.76%	+36.93%	+24.99%	—	—	₹3,315Cr
Zerodha Gold ETF Zerodha · Direct · Growth	★★★★★ 1Y	+25.40%	—	—	—	0.35%	₹2,245Cr
Angel One Gold ETF Angel One · Direct · Growth	★★★☆☆ 1Y	+25.34%	—	—	—	0.35%	₹83.07Cr
Union Gold ETF Union · Direct · Growth	★★☆☆☆ 1Y	+25.16%	—	—	—	0.49%	₹314.14Cr
360 ONE Gold ETF 360 One · Direct · Growth	★☆☆☆☆ 1Y	+25.07%	—	—	—	—	₹134.43Cr

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Other98.47%
Cash & Equivalents1.53%

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.

-22.3%29 Jan 2026 → 23 Mar 2026
Still below that high — 2 months down, and no recovery yet.
-21.6%07 Aug 2020 → 31 Mar 2021
Fell over 8 months, back to the old high on 16 Jan 2023 — 1.8 years under water after the low.
-11.9%09 Nov 2016 → 22 Dec 2016
Fell over 43 days, back to the old high on 15 Oct 2018 — 1.8 years under water after the low.

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

₹55,583Cr

April - June 2026

+4%

since January - March 2026

+₹621.87Cr

est. net flow, last quarter

At or near its largest, ₹55,583Cr 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

Nippon India Mutual Fund is managed by Nippon Life India Asset Management, which took control of the former Reliance Mutual Fund in 2019 when Nippon Life of Japan bought out the Reliance Capital stake. It is among India's largest fund houses by assets and is best known for its small- and mid-cap franchise.

Launched

29 Jun 1995

Total AUM

₹7,87,053Cr+4.7% QoQ

Avg AUM · July - September 2026

Website

mf.nipponindiaim.com

Fund Managers

VDVikram DhawanStart date not disclosed

Role

Fund Manager – Commodities

Education

B.E., PGDMM

Experience

Over 30 years of experience From August 1, 2019 till date NAM India – Fund Manager Commodities From February 27, 2019 - July 31, 2019 Nippon Life India AIF Management Limited – Fund Manager Commodities From October 16, 2017 - February 26, 2019 NAM India - Head Commodities May 2013 till September 2017 Commodity Risk Advisor May 2011 – Apr 2013 Risk Manager, Gold Matrix Pte, Singapore April 2009 – May 2011 Head Commodities, Reliance Capital Limited February 2007 – April 2009 Head Commodities, Reliance Mutual Fund April 2005 – January 2007 Head Commodities, Reliance Capital Limited January 2004 – March 2005 Head Commodity Risk Management, Vedanta Group November 2001 – December 2003 COO, Zee Gold Refinery (Shirpur Gold Refinery) August 2000 – October 2001 Country Manager, N.M. Rothschild & Sons. January 1998 – July 2000 Associate Director, Bank of Nova Scotia December 1994 – December 1997 Head Commodity Hedging, Birla Copper (Hindalco) September 1992 – November 1994 Materials Officer, Synthetics & Chemicals Ltd.

Funds managed (2)

All schemes Vikram Dhawan 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

Vikram Dhawan

Nippon India 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 Nippon India ETF Gold BeES?

As of 05 Oct 2026, the NAV of Nippon India ETF Gold BeES is ₹121.26 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Nippon India ETF Gold BeES delivered?

Nippon India ETF Gold BeES has returned +25.09% over 1 year, +36.12% per year over 3 years, +24.57% per year over 5 years and +15.94% 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 Nippon India ETF Gold BeES?

Nippon India ETF Gold BeES charges an expense ratio of 0.81% 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 Nippon India ETF Gold BeES?

Nippon India ETF Gold BeES's largest holdings are GOLD 995 1KG BAR (98.5%). Holdings are disclosed monthly and change over time.

How risky is Nippon India ETF Gold BeES?

Nippon India ETF Gold BeES is rated moderately high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 19.4% and its worst peak-to-trough fall in our sample was -22.3%. 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 1.52 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Nippon India ETF Gold BeES's 1.52 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of Nippon India ETF Gold BeES?

Nippon India ETF Gold BeES is benchmarked against the Domestic Price of Gold. Its alpha and beta on this page are measured against that index.

Who manages Nippon India ETF Gold BeES?

Nippon India ETF Gold BeES is managed by Vikram Dhawan at Nippon India.

How is Nippon India ETF Gold BeES taxed?

Nippon India ETF Gold BeES 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.