ETFGold ETFDirectGrowthHigh

Union Gold ETF

Q: What is the NAV of Union Gold ETF?

As of 05 Oct 2026, the NAV of Union Gold ETF is ₹143.64 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Union Gold ETF delivered?

Union Gold ETF has returned +25.16% over 1 year and +37.37% 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 Union Gold ETF?

Union Gold ETF charges an expense ratio of 0.49% 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 Union Gold ETF?

Union Gold ETF's largest holdings are Gold - Mumbai (97.2%). Holdings are disclosed monthly and change over time.

Q: How risky is Union Gold ETF?

Union Gold ETF is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 23.6% and its worst peak-to-trough fall in our sample was -22.2%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What is the benchmark of Union Gold ETF?

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

Q: Who manages Union Gold ETF?

Union Gold ETF is managed by Vinod Malviya at Union.

Q: How is Union Gold ETF taxed?

Union 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.

Union Mutual Fund · Best Gold ETFs

NAV

₹143.64

-0.21% 1D

as of 05 Oct 2026

This is the Direct plan of Union Gold ETF — 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.

Compare SIP calculator

Performance

+22.86%absolute

52-week rangePrev NAV ₹143.94

Latest ₹143.64

Low ₹115.7351st percentile of its 52-week rangeHigh ₹170.81

Scorecard

★★☆☆☆2/5 vs 6 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. 6 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

RiskModerate

Volatility 23.6% vs 22.8% category avg

CostAverage

0.5% expense vs 0.5% category avg

Consistency—

Not enough history for a rolling 3Y view

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.49%

Category 0.53%▼0.04%

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

—

Category —

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

—

Category —

Scheme Info

Definitions

Plan

Direct · Growth

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

—

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 Physical 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.

20 Feb 2025

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

Definitions

Absolute return over the last 1 month (not annualized)

-4.42%

Absolute return over the last 3 months (not annualized)

+1.00%

Absolute return over the last 6 months (not annualized)

+0.66%

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

+10.47%

Annualized returns (≥1Y — CAGR)

Definitions

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

+25.16%

3-year annualized return (CAGR)

—

5-year annualized return (CAGR)

—

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.

+37.37%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

23.61%

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

—

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

—

Largest peak-to-trough decline over full history

-22.15%

Benchmark ratios (vs Gold · 36 monthly returns)

Definitions

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

—

Sensitivity to Gold moves; 1 = moves with the index

—

How much of the fund's movement Gold explains

—

Excess return per unit of beta (market risk)

—

Active return over the benchmark per unit of tracking error

—

Annualized std dev of fund-minus-benchmark returns

—

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

—

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

—

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	-4.42%	-4.12%	-0.30%
3M abs	+1.00%	+2.17%	-1.17%
6M abs	+0.66%	-0.06%	+0.72%
1Y CAGR	+25.16%	+25.31%	-0.15%
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.

Category rank

Vs 7 peers in Gold ETF

1Y return

+25.16%

Beats 40% · rank #4

3Y return

—

5Y return

—

Sharpe

—

Sortino

—

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

₹1.20L

Current value

₹1.23L

Absolute

+2.33%

XIRR

+5.11%

Value vs. invested

ValueInvested

12 monthly installments of ₹10,000 into Union 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	+10.47%	+10.42%	+0.05%
2025part	+51.46%	—	—

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

398

Expense ratio

0.49%

AUM

₹314.14Cr

Portfolio turnover

19%

Exit load

NIL

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


Union Gold ETFThis fund Union · Direct · Growth	★★☆☆☆ 1Y	+25.16%	—	—	—	0.49%	₹314.14Cr
UTI - Gold Exchange Traded Fund UTI · Direct · Growth	★★★★☆	+25.76%	+36.93%	+24.99%	—	—	₹3,315Cr
Nippon India ETF Gold BeES Nippon India · Direct · Growth	★★★☆☆	+25.09%	+36.12%	+24.57%	—	0.81%	₹55,583Cr
Zerodha Gold ETF Zerodha · Direct · Growth	★★★★★ 1Y	+25.40%	—	—	—	0.35%	₹2,245Cr
Angel One Gold ETF Angel One · Direct · Growth	★★★☆☆ 1Y	+25.21%	—	—	—	0.35%	₹83.07Cr
360 ONE Gold ETF 360 One · Direct · Growth	★☆☆☆☆ 1Y	+25.07%	—	—	—	—	₹134.43Cr

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Other97.22%
Cash & Equivalents2.78%

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.

-22.1%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.
-6.2%22 Apr 2025 → 15 May 2025
Fell over 23 days, back to the old high on 13 Jun 2025 — 29 days 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

₹314.14Cr

April - June 2026

+21%

since January - March 2026

+₹47.15Cr

est. net flow, last quarter

At or near its largest, ₹314.14Cr 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

Union Mutual Fund is sponsored by Union Bank of India, and was branded Union KBC until its Belgian joint-venture partner exited. It runs a small equity, hybrid and debt line-up.

Launched

29 Dec 2009

Total AUM

₹28,552Cr+1.6% QoQ

Avg AUM · July - September 2026

Website

unionmf.com

Fund Managers

VMVinod MalviyaManaging since 18 Feb 2025

Role

Co - Fund Manager

Education

Bachelor of Management Studies, M aster’s in Financial Management, CFA (USA) – Level III cleared

Experience

Over 16 years of experience in the Financial markets as an Analyst. Designated as Fund Manager - Equity with effect from December 09, 2024. Appointed as Co-Fund Manager with effect from January 25, 2023. February 2020 – January 24, 2023 with Union Asset Management Company Pvt. Ltd. as Research Analyst - Equity. July 2014 to January 2020 with Florintree Advisors Private Limited as Union Children’s Principal. August 2012 to June 2014 with East India Securities Limited as Research Analyst. September 2008 to July 2012 with Amit Nalin Securities Private Limited as Research Analyst

Funds managed (11)

All schemes Vinod Malviya 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.

Explore from here

Fund managers

Vinod Malviya

Union 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.

Run SIP calculator Add to compare

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 Union Gold ETF?

As of 05 Oct 2026, the NAV of Union Gold ETF is ₹143.64 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Union Gold ETF delivered?

Union Gold ETF has returned +25.16% over 1 year and +37.37% 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 Union Gold ETF?

Union Gold ETF charges an expense ratio of 0.49% 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 Union Gold ETF?

Union Gold ETF's largest holdings are Gold - Mumbai (97.2%). Holdings are disclosed monthly and change over time.

How risky is Union Gold ETF?

Union Gold ETF is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 23.6% and its worst peak-to-trough fall in our sample was -22.2%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What is the benchmark of Union Gold ETF?

Union 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 Union Gold ETF?

Union Gold ETF is managed by Vinod Malviya at Union.

How is Union Gold ETF taxed?

Union 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.