Top Gold Mutual Funds (2026)
Ranked by expense ratio, lowest first, Direct plans, as on the latest NAV · AUM as on 30-09-2026
There are 31 Gold mutual funds. Their average 3 year return is 30.8% a year, and +16.2% over the last year. The lowest expense ratio: Nippon India Gold Savings Fund, 0.06% a year. The highest 3 year returns: Edelweiss Gold and Silver ETF FOF 34.6%, Motilal Oswal Gold and Silver Passive Fund of Funds 31.1%, UTI Gold ETF Fund of Fund 30.8%.
- Total AUM
- ₹75,667 Cr
- As on 30-09-2026
- Funds
- 31
- From 24 fund houses
- Expense ratio
- 0.06% to 5.03%
- Direct plans, lowest to highest
- Average 3Y return
- 30.8%
- A year, Direct plans
All Gold Funds
Ranked by expense ratio, lowest first
Ranked by expense ratio, lowest first
| Exit load | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Nippon India Gold Savings Fund | 1 | 7,353 | +15.46% | +30.18% | +22.49% | +15.15% | -- | 0.06% | -- | 20.46% |
| Quantum Gold ETF FOF | 2 | 570 | +15.91% | +30.64% | +22.77% | +15.21% | High | 0.06% | None | 21.36% |
| UTI Gold ETF Fund of Fund | 3 | 1,515 | +15.51% | +30.78% | -- | -- | High | 0.07% | 1% within 15 days | 20.64% |
| HSBC Gold ETF Fund Of Fund | 4 | 382 | -- | -- | -- | -- | High | 0.07% | 1% within 15 days | -- |
| Mirae Asset Gold ETF Fund of Fund | 5 | 628 | +15.55% | -- | -- | -- | High | 0.11% | 0.05% within 15 days | -- |
| Edelweiss Gold ETF Fund of Fund | 6 | 1,759 | -- | -- | -- | -- | High | 0.12% | 0.1% within 15 days | -- |
| Mirae Asset Gold Silver Passive FoF | 7 | 1,437 | +19.16% | -- | -- | -- | Very High | 0.12% | 0.05% within 15 days | -- |
| Axis Gold and Silver Passive FoF | 8 | 551 | -- | -- | -- | -- | Very High | 0.12% | 0.25% within 15 days | -- |
| Invesco India Gold ETF Fund of Fund | 9 | 507 | +16.66% | +30.28% | +22.52% | +15.35% | High | 0.12% | 1% within 15 days | 23.33% |
| Baroda BNP Paribas Gold ETF Fund of Fund | 10 | 186 | +14.67% | -- | -- | -- | -- | 0.12% | -- | -- |
| ICICI Prudential Gold ETF FOF | 11 | 7,067 | +16.06% | +30.52% | +22.64% | +15.12% | -- | 0.14% | 1% within 15 days | 21.91% |
| Groww Gold ETF FOF | 12 | 131 | +14.76% | -- | -- | -- | Very High | 0.14% | None | -- |
| Kotak Gold Fund | 13 | 6,996 | +15.61% | +30.28% | +22.41% | +15.24% | High | 0.15% | 1% within 15 days | 21.51% |
| Motilal Oswal Gold and Silver Passive Fund of Funds | 14 | 2,821 | +17.20% | +31.12% | -- | -- | Very High | 0.18% | Varies | 26.23% |
| Kotak Gold Silver Passive FOF | 15 | 1,104 | -- | -- | -- | -- | Very High | 0.20% | None | -- |
| HDFC Gold ETF Fund of Fund | 16 | 12,013 | +15.70% | +30.29% | +22.67% | +15.38% | High | 0.20% | 1% within 15 days | 21.69% |
| Edelweiss Gold and Silver ETF FOF | 17 | 3,204 | +23.48% | +34.63% | -- | -- | Very High | 0.20% | 0.1% within 15 days | 28.35% |
| Angel One Gold ETF FoF | 18 | 35 | +15.47% | -- | -- | -- | High | 0.20% | None | -- |
| Aditya Birla Sun Life Gold Fund | 19 | 1,805 | +16.92% | +30.59% | +22.65% | +15.09% | Very High | 0.21% | 1% within 15 days | 22.10% |
| HDFC Gold Silver Passive FOF | 20 | 53 | -- | -- | -- | -- | Very High | 0.21% | 1% within 15 days | -- |
| The Wealth Company Gold ETF FoF | 21 | 17 | -- | -- | -- | -- | -- | 0.23% | -- | -- |
| Tata Gold ETF Fund Of Fund | 22 | 1,534 | +15.09% | -- | -- | -- | High | 0.24% | Varies | -- |
| SBI Gold Fund | 23 | 17,423 | +15.78% | +30.43% | +22.74% | +15.60% | -- | 0.25% | -- | 21.25% |
| Zerodha Gold ETF FoF | 24 | 387 | +15.71% | -- | -- | -- | High | 0.28% | None | -- |
| Axis Gold Fund | 25 | 3,134 | +15.67% | +30.12% | +22.60% | +14.78% | High | 0.31% | 1% within 15 days | 23.82% |
| Union Gold ETF fund of fund | 26 | 174 | +15.40% | -- | -- | -- | High | 0.32% | 1% within 1 year | -- |
| The Wealth Company Gold ETF | 27 | 32 | -- | -- | -- | -- | High | 0.34% | Varies | -- |
| LIC MF Gold ETF Fund of Fund | 28 | 833 | +15.10% | +30.09% | -- | -- | High | 0.35% | 1% within 15 days | 23.89% |
| LIC MF Gold Exchange Traded Fund | 29 | 1,441 | +15.57% | +30.64% | -- | -- | High | 0.45% | None | 19.50% |
| DSP Gold ETF Fund of Fund | 30 | 551 | +15.55% | -- | -- | -- | Very High | 0.64% | None | -- |
| Shriram Gold ETF Passive FoF | 31 | 24 | -- | -- | -- | -- | -- | 5.03% | -- | -- |
Returns of each fund's Direct plan (its only plan where it has one), as on the latest NAV. 3, 5 and 10 year figures are a rate a year. Std dev: how much the daily returns swung over 3 years, as a yearly figure; lower is steadier. Riskometer and exit load from the fund's scheme summary document; "Varies" means the load changes with how long you hold, and the fund page has the full wording. Expense ratio: Direct plan, from AMFI. AUM at the end of the fund's last reported month. Ranked by expense ratio: funds that copy one index or hold one metal differ mainly in cost. A fund with no expense ratio on file has no rank.
Compare Gold Funds
The largest funds of the category, side by side
How Gold Funds Are Taxed
Neither equity nor debt: how long you hold decides the tax
| When you sell | Tax on the gain |
|---|---|
| ETF units (listed), within 1 year | Your slab rate |
| ETF units (listed), after 1 year | 12.5% of the gain |
| Fund units, within 2 years | Your slab rate |
| Fund units, after 2 years | 12.5% of the gain |
- IDCW (dividend) payouts are added to your income and taxed at your slab rate.
- A stamp duty of 0.005% is deducted when you invest.
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
What Is a Gold Fund?
Gold ETFs and funds of funds that hold them. Their value follows the price of gold in rupees.
Other other categories: Silver · International · Target Maturity · Retirement · Children's
Gold Funds: Frequently Asked Questions
Which are the top Gold mutual funds?
Funds that follow the same index or hold the same metal earn nearly the same return, so the lowest cost matters most. By expense ratio: 1. Nippon India Gold Savings Fund (0.06%), 2. Quantum Gold ETF FOF (0.06%), 3. UTI Gold ETF Fund of Fund (0.07%), 4. HSBC Gold ETF Fund Of Fund (0.07%), 5. Mirae Asset Gold ETF Fund of Fund (0.11%).
How many Gold funds are there?
31 Gold funds are open for investment, from 24 fund houses.
What is a Gold fund?
Gold ETFs and funds of funds that hold them. Their value follows the price of gold in rupees.
What is the average return of Gold funds?
1 year: 16.2%, 3 years: 30.8% a year, 5 years: 22.6% a year. The simple average of every Gold fund's Direct plan.
Which Gold fund has the lowest expense ratio?
Nippon India Gold Savings Fund, at 0.06% a year (Direct plan), as reported to AMFI.
Which is the largest Gold fund?
SBI Gold Fund, with ₹17,423 Cr of investors' money on 30-09-2026.
How are Gold funds taxed?
Units of an ETF listed on an exchange: your slab rate within 1 year, 12.5% after. Units of a fund: your slab rate within 2 years, 12.5% after.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.