HDFC Gold ETF Fund of Fund vs HDFC Gold Silver Passive FOF
Direct Plan, Growth option · Data as on 30-10-2026
HDFC Gold ETF Fund of Fund is a Fund of Funds fund and HDFC Gold Silver Passive FOF is a Fund of Funds fund. HDFC Gold ETF Fund of Fund charges 0.20% a year and HDFC Gold Silver Passive FOF 0.21% (Direct plans). Their portfolios overlap 64.4%: they hold 1 of the same security.
Which is better, HDFC Gold ETF Fund of or HDFC Gold Silver Passive FOF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- HDFC Gold ETF Fund of costs less: 0.20% a year against 0.21% (Direct plans).
- HDFC Gold ETF Fund of fell less in its worst fall since 01-09-2026: −9.4% against −13.7%.
- HDFC Gold ETF Fund of is the larger fund: ₹12,013 Cr against ₹53 Cr.
- Their portfolios overlap 64.4%: 1 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | HDFC Gold ETF Fund of Fund | HDFC Gold Silver Passive FOF |
|---|---|---|
| Fund house | HDFC Mutual Fund | HDFC Mutual Fund |
| Category | Fund of Funds | Fund of Funds |
| AUM | ₹12,013 Cr (30-09-2026) | ₹53 Cr (30-09-2026) |
| NAV | ₹43.45 (Direct) | ₹8.77 (Direct) |
| Expense ratio (Direct) | 0.20% | 0.21% |
| Expense ratio (Regular) | 0.47% | 0.56% |
| Riskometer | High | Very High |
| Benchmark | Gold Index | 70% Domestic Price of physical Gold and 30% Domestic Price of physical Silver |
| Launch date | 01-11-2011 | 01-09-2026 |
| Minimum investment | Rs. 100 and any amount thereafter. | ₹100 |
| Lock in | None | None |
| Fund managers | Nandita Menezes, Arun Agarwal | Bhagyesh Kagalkar, Nandita Menezes |
| Exit load | In respect of each purchase/switch in of units- an Exit Load of 1% is payable if Units are redeemed/switched out within 15 days from the date of allotment. No Exit Load is payable if Units are redeemed/switched-out on or after 15 days from the date of allotment | In respect of each purchase / switch-in of Units, an Exit Load of 1% is payable if Units are redeemed / switched-out within 15 days from the date of allotment. No Exit Load is payable if Units are redeemed / switched-out after 15 days from the date of allotment. |
HDFC Gold ETF Fund of vs HDFC Gold Silver Passive FOF: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| HDFC Gold ETF Fund of Fund (Direct) | −5.30% | −1.84% | −6.67% | +15.70% | +30.29% | +22.67% | +15.38% |
| HDFC Gold Silver Passive FOF (Direct) | −9.38% | -- | -- | -- | -- | -- | -- |
HDFC Gold ETF Fund of vs HDFC Gold Silver Passive FOF: Year-wise Returns
| Year | ETF Fund ofHDFC Gold ETF Fund of | Silver Passive FOFHDFC Gold Silver Passive FOF |
|---|---|---|
| 2026to date | +4.55% | -- |
| 2025 | +71.81% | -- |
| 2024 | +19.31% | -- |
| 2023 | +14.47% | -- |
| 2022 | +13.08% | -- |
| 2021 | −5.09% | -- |
HDFC Gold ETF Fund of vs HDFC Gold Silver Passive FOF: Rolling Returns
Every holding period of both funds
HDFC Gold ETF Fund of vs HDFC Gold Silver Passive FOF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HDFC Gold ETF Fund of Fund (Direct) | HDFC Gold Silver Passive FOF (Direct) |
|---|---|---|
| Return (CAGR) | +10.40% | −55.36% |
| Standard deviation | 15.09% | 17.75% |
| Sharpe ratio | 0.29 | -3.42 |
| Sortino ratio | 0.41 | -3.91 |
| Maximum drawdown | −24.8% (23-03-2026) | −13.7% (30-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 01-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
HDFC Gold ETF Fund of Fund (Direct)
HDFC Gold Silver Passive FOF (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HDFC Gold ETF Fund of Fund (Direct) | −9.4% | 04-09-2026 | 30-10-2026 | Not yet | -- | −9.4% |
| HDFC Gold Silver Passive FOF (Direct) | −13.7% | 04-09-2026 | 30-10-2026 | Not yet | -- | −13.7% |
From daily values since 01-09-2026, the first day every fund has.
HDFC Gold ETF Fund of vs HDFC Gold Silver Passive FOF: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Gold ETF Fund of Fund, September 2026; HDFC Gold Silver Passive FOF, September 2026
Holdings in common
- Overlap
- 64.4%
- Held by both
- 1
- Only in HDFC Gold ETF Fund of
- 0
- Only in HDFC Gold Silver Passive FOF
- 1
| Security | % of HDFC Gold ETF Fund of | % of HDFC Gold Silver Passive FOF |
|---|---|---|
| HDFC Gold Exchange Traded Fund | 100.12% | 64.39% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 64.4% means 64.4% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in HDFC Gold ETF Fund of Fund
Every holding of this fund is also held by the other.
Largest holdings only in HDFC Gold Silver Passive FOF
| Security | % of fund |
|---|---|
| HDFC Silver ETF | 33.62% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC Gold ETF Fund of | HDFC Gold Silver Passive FOF |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 100.0% | 100.0% |
HDFC Gold ETF Fund of vs HDFC Gold Silver Passive FOF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Gold ETF Fund of Fund | HDFC Gold Silver Passive FOF |
|---|---|---|
| Total expense ratio (Direct) | 0.20% | 0.21% |
| Base expense ratio (Direct) | 0.17% | 0.18% |
| Total expense ratio (Regular) | 0.47% | 0.56% |
| Base expense ratio (Regular) | 0.40% | 0.48% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
HDFC Gold ETF Fund of Fund vs HDFC Gold Silver Passive FOF: Frequently Asked Questions
What is the difference between HDFC Gold ETF Fund of Fund and HDFC Gold Silver Passive FOF?
HDFC Gold ETF Fund of Fund is a Fund of Funds fund, HDFC Gold Silver Passive FOF is a Fund of Funds fund, run by HDFC Mutual Fund. Their portfolios overlap 64.4%. HDFC Gold ETF Fund of Fund charges 0.20% a year and HDFC Gold Silver Passive FOF 0.21%.
Which has the lower expense ratio, HDFC Gold ETF Fund of Fund or HDFC Gold Silver Passive FOF?
HDFC Gold ETF Fund of Fund charges less: 0.20% a year against 0.21%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC Gold ETF Fund of Fund and HDFC Gold Silver Passive FOF overlap?
64.4%. They hold 1 of the same securities, the largest shared ones being HDFCGOLD. From each fund's latest monthly portfolio.
Which is riskier, HDFC Gold ETF Fund of Fund or HDFC Gold Silver Passive FOF?
On SEBI's riskometer, HDFC Gold ETF Fund of Fund is rated High and HDFC Gold Silver Passive FOF Very High. Over their common history, the standard deviation of daily returns was 15.09% and 17.75% a year.
Can I invest in both HDFC Gold ETF Fund of Fund and HDFC Gold Silver Passive FOF?
Yes. 64.4% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages HDFC Gold ETF Fund of Fund and HDFC Gold Silver Passive FOF?
HDFC Gold ETF Fund of Fund: Nandita Menezes, Arun Agarwal. HDFC Gold Silver Passive FOF: Bhagyesh Kagalkar, Nandita Menezes.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
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.