Performance
Scorecard
★★★★★5/5 vs 5 of 7 Gold ETF peers1Y- 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). Based on a 1-year record — this fund is too young for a 3-year CAGR, so its performance is ranked on 1Y against the same peers. 5 of the 7 Gold ETF funds in this cohort carry the full record the stars need, so they are the ones ranked against.
Not enough Gold ETF peers to rank yet
Volatility 21.5% vs 23.5% category avg
0.3% expense vs 0.6% category avg
Not enough history for a rolling 3Y view
Strengths & concerns
Generated from this fund's own numbers against its sub-category — each point names the figure behind it.
Strengths
- Low expense ratio (0.35%) vs the Gold ETF average of 0.55%
Concerns
No significant concerns identified.
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk and benchmark ratios
Risk (trailing 3Y)
DefinitionsBenchmark ratios (vs Gold · 36 monthly returns)
DefinitionsComputed vs the Gold price index — the closest match to this fund's mandate. 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 | +11.22% | +11.01% | +0.21% |
| 3M abs | -1.01% | -1.01% | 0.00% |
| 6M abs | +1.09% | +0.99% | +0.10% |
| 1Y CAGR | +57.32% | — | — |
| 3Y CAGR | — | — | — |
| 5Y CAGR | — | — | — |
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.
Rolling returns
Return for every possible 1Y holding period, not just today’s
18 overlapping 1Y windows, sampled monthly across the fund’s history.
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
12 monthly installments of ₹10,000 into Zerodha 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 | +17.47% | +17.05% | +0.42% | |
| 2025 | +72.09% | +71.81% | +0.28% | |
| 2024part | +21.41% | — | — |
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 1 year 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.
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.
- -22.5%29 Jan 2026 → 23 Mar 2026
Still below that high — 2 months down, and no recovery yet.
- -9.2%17 Oct 2025 → 28 Oct 2025
Fell over 11 days, back to the old high on 12 Dec 2025 — 1 months under water after the low.
- -8.0%21 May 2024 → 26 Jul 2024
Fell over 2 months, back to the old high on 23 Sep 2024 — 2 months 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 · AMFIAt or near its largest, ₹2,245Cr 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.
Zerodha 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.
Zerodha to bring mutual funds to Kite soon: What investors need to know about the upcoming feature
Business Today · 1d ago
Zerodha to offer mutual funds on Kite offering all equity investments in a single app
Moneycontrol.com · 1d ago
Zerodha to offer mutual funds on Kite amid popular demand for all equity investments in a single app
Moneycontrol.com · 1d ago
Zerodha Mutual Fund files offer document for Nifty Next 100 ETF
Investment Guru · 2d ago
Zerodha Fund House launches new arbitrage scheme: Minimum investment, strategy and other details
CNBC TV18 · 8d ago
NFO Alert: Zerodha Fund House launches arbitrage fund
The Economic Times · 9d ago
Zerodha Arbitrage Fund Direct-Growth (₹ 10.00) - NAV, Reviews & asset allocation
The Economic Times · 10d ago
Zerodha Arbitrage Fund - New fund offers: 9 mutual funds and 2 SIFs will open for subscription this week: Check details
The Economic Times · 12d ago
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 Index funds & ETFs
Index funds and ETFs simply track a benchmark such as the Nifty 50 rather than trying to beat it. They charge far lower fees than active funds, and their return is the index's return minus that small cost.
Frequently asked questions
What is the NAV of Zerodha Gold ETF?
As of 20 Aug 2026, the NAV of Zerodha Gold ETF is ₹24.53 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Zerodha Gold ETF delivered?
Zerodha Gold ETF has returned +57.32% over 1 year and +43.79% 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 Zerodha Gold ETF?
Zerodha Gold ETF charges an expense ratio of 0.35% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.
How risky is Zerodha Gold ETF?
It 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 -22.5%. 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 2.37 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Zerodha Gold ETF's 2.37 means it has rewarded its volatility with excess return. Higher is better.
What is the benchmark of Zerodha Gold ETF?
Zerodha Gold ETF is benchmarked against the Domestic Price of Physical Gold. Its alpha and beta on this page are measured against that index.
Who manages Zerodha Gold ETF?
Zerodha Gold ETF is managed by Kedarnath Mirajkar and Shyam Agarwal at Zerodha.
How is Zerodha Gold ETF taxed?
Zerodha 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.