ICICI Prudential Gold ETF FOF vs SBI Gold Fund
Direct Plan, Growth option · Data as on 30-10-2026
ICICI Prudential Gold ETF FOF is a Fund of Funds fund and SBI Gold Fund is a mutual fund. In the 3 years to 30-10-2026, ICICI Prudential Gold ETF FOF (Direct) returned 30.5% a year and SBI Gold Fund (Direct) returned 30.4% a year. ICICI Prudential Gold ETF FOF charges 0.14% a year and SBI Gold Fund 0.25% (Direct plans). Their portfolios overlap 0.0%: they hold 0 of the same securities.
ICICI Prudential Gold ETF FOF
Fund of Funds
- 3 year return
- 30.5%
- Expense ratio
- 0.14%
- NAV
- ₹44.54
Which is better, ICICI Prudential Gold ETF FOF or SBI Gold? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- SBI Gold returned more over 5 years: 22.7% a year against 22.6%.
- ICICI Prudential Gold ETF FOF returned more over 3 years: 30.5% a year against 30.4%.
- ICICI Prudential Gold ETF FOF costs less: 0.14% a year against 0.25% (Direct plans).
- SBI Gold swung less over 3 years: a standard deviation of 21.2% a year against 21.9%.
- SBI Gold fell less in its worst fall since 02-01-2013: −25.0% against −25.8%.
- SBI Gold is the larger fund: ₹17,423 Cr against ₹7,067 Cr.
- Their portfolios overlap 0.0%: 0 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 | ICICI Prudential Gold ETF FOF | SBI Gold Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | SBI Mutual Fund |
| Category | Fund of Funds | Not available |
| AUM | ₹7,067 Cr (30-09-2026) | ₹17,423 Cr (30-09-2026) |
| NAV | ₹44.54 (Direct) | ₹42.50 (Direct) |
| Expense ratio (Direct) | 0.14% | 0.25% |
| Expense ratio (Regular) | 0.56% | 0.42% |
| Riskometer | Not available | Not available |
| Benchmark | Gold Index | Not available |
| Launch date | 11-10-2011 | Not available |
| Minimum investment | ₹100 | Not available |
| Lock in | None | Not available |
| Fund managers | Manish Banthia, Nishit Patel, Ahswini Bharucha, Venus Ahuja | Not available |
| Exit load | Exit load of 1% if redeemed within 15 days | Not available |
ICICI Prudential Gold ETF FOF vs SBI Gold: 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 |
|---|---|---|---|---|---|---|---|
| ICICI Prudential Gold ETF FOF (Direct) | −5.32% | −1.82% | −6.80% | +16.06% | +30.52% | +22.64% | +15.12% |
| SBI Gold Fund (Direct) | −5.47% | −2.01% | −6.92% | +15.78% | +30.43% | +22.74% | +15.60% |
ICICI Prudential Gold ETF FOF vs SBI Gold: Year-wise Returns
| Year | ICICI Prudential Gold ETF FOFICICI Prudential Gold ETF FOF | SBI GoldSBI Gold |
|---|---|---|
| 2026to date | +4.37% | +4.53% |
| 2025 | +72.52% | +71.85% |
| 2024 | +19.71% | +19.88% |
| 2023 | +13.81% | +14.43% |
| 2022 | +13.03% | +13.01% |
| 2021 | −4.98% | −5.34% |
ICICI Prudential Gold ETF FOF vs SBI Gold: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,622 of them, one for each trading day from 04-01-2016 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
ICICI Prudential Gold ETF FOF (Direct)
SBI Gold Fund (Direct)
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ICICI Prudential Gold ETF FOF | 10.2 | 22.7 | 15.6 | 19.9 | 16.1 | 4.7 | 10.9 | 11.7% | 10.5% | −7.2% | 44.7% |
| SBI Gold | 10.7 | 22.6 | 14.3 | 18.4 | 18.1 | 4.9 | 11.0 | 11.8% | 11.0% | −7.5% | 44.4% |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. Every fund is measured over the days all of them have, from 02-01-2013. Past returns do not promise future returns.
ICICI Prudential Gold ETF FOF vs SBI Gold: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 02-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ICICI Prudential Gold ETF FOFICICI Prudential Gold ETF FOF (Direct) | ₹16,60,000 | ₹53,67,336 | ₹37,07,336 | 15.6% |
| SBI GoldSBI Gold Fund (Direct) | ₹16,60,000 | ₹54,13,564 | ₹37,53,564 | 15.8% |
ICICI Prudential Gold ETF FOFICICI Prudential Gold ETF FOF (Direct)
SBI GoldSBI Gold Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
ICICI Prudential Gold ETF FOF vs SBI Gold: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ICICI Prudential Gold ETF FOF (Direct) | SBI Gold Fund (Direct) |
|---|---|---|
| Return (CAGR) | +16.06% | +15.78% |
| Standard deviation | 31.54% | 30.64% |
| Sharpe ratio | 0.34 | 0.34 |
| Sortino ratio | 0.47 | 0.47 |
| Maximum drawdown | −25.8% (23-03-2026) | −24.7% (23-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2025 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.
| Measure | ICICI Prudential Gold ETF FOF (Direct) | SBI Gold Fund (Direct) |
|---|---|---|
| Return (CAGR) | +30.52% | +30.43% |
| Standard deviation | 21.91% | 21.25% |
| Sharpe ratio | 1.12 | 1.15 |
| Sortino ratio | 1.58 | 1.63 |
| Maximum drawdown | −25.8% (23-03-2026) | −24.7% (23-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2023 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.
| Measure | ICICI Prudential Gold ETF FOF (Direct) | SBI Gold Fund (Direct) |
|---|---|---|
| Return (CAGR) | +22.64% | +22.74% |
| Standard deviation | 18.36% | 17.89% |
| Sharpe ratio | 0.92 | 0.95 |
| Sortino ratio | 1.31 | 1.36 |
| Maximum drawdown | −25.8% (23-03-2026) | −24.7% (23-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-10-2021 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.
| Measure | ICICI Prudential Gold ETF FOF (Direct) | SBI Gold Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.47% | +10.46% |
| Standard deviation | 16.52% | 15.11% |
| Sharpe ratio | 0.27 | 0.29 |
| Sortino ratio | 0.38 | 0.42 |
| Maximum drawdown | −25.8% (23-03-2026) | −25.0% (01-01-2016) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 02-01-2013 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.
ICICI Prudential Gold ETF FOF (Direct)
SBI Gold Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ICICI Prudential Gold ETF FOF (Direct) | −25.8% | 29-01-2026 | 23-03-2026 | Not yet | -- | −22.0% |
| SBI Gold Fund (Direct) | −25.0% | 28-08-2013 | 01-01-2016 | 11-07-2019 | 42 months | −21.5% |
From daily values since 02-01-2013, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
ICICI Prudential Gold ETF FOF (Direct)
SBI Gold Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
ICICI Prudential Gold ETF FOF (Direct)
SBI Gold Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
ICICI Prudential Gold ETF FOF (Direct)
SBI Gold Fund (Direct)
ICICI Prudential Gold ETF FOF vs SBI Gold: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Gold ETF FOF, September 2026; SBI Gold Fund, September 2026
Holdings in common
- Overlap
- 0.0%
- Held by both
- 0
- Only in ICICI Prudential Gold ETF FOF
- 1
- Only in SBI Gold
- 1
Overlap: for each holding both funds own, the smaller of its two weights, added up. 0.0% means 0.0% 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 ICICI Prudential Gold ETF FOF
| Security | % of fund |
|---|---|
| ICICI Prudential Gold ETF | 99.96% |
Largest holdings only in SBI Gold Fund
| Security | % of fund |
|---|---|
| SBI Gold ETF | 100.16% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Gold ETF FOF | SBI Gold |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 100.0% | 100.0% |
ICICI Prudential Gold ETF FOF vs SBI Gold: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Gold ETF FOF | SBI Gold Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.14% | 0.25% |
| Base expense ratio (Direct) | 0.12% | 0.21% |
| Total expense ratio (Regular) | 0.56% | 0.42% |
| Base expense ratio (Regular) | 0.48% | 0.35% |
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.
ICICI Prudential Gold ETF FOF vs SBI Gold Fund: Frequently Asked Questions
What is the difference between ICICI Prudential Gold ETF FOF and SBI Gold Fund?
ICICI Prudential Gold ETF FOF is a Fund of Funds fund, SBI Gold Fund is a mutual fund, run by ICICI Prudential Mutual Fund and SBI Mutual Fund. Their portfolios overlap 0.0%. ICICI Prudential Gold ETF FOF charges 0.14% a year and SBI Gold Fund 0.25%.
Which has given higher returns, ICICI Prudential Gold ETF FOF or SBI Gold Fund?
Over 1 year: ICICI Prudential Gold ETF FOF +16.06%, SBI Gold Fund +15.78%. Over 3 years: ICICI Prudential Gold ETF FOF +30.52% a year, SBI Gold Fund +30.43% a year. Over 5 years: ICICI Prudential Gold ETF FOF +22.64% a year, SBI Gold Fund +22.74% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ICICI Prudential Gold ETF FOF or SBI Gold Fund?
ICICI Prudential Gold ETF FOF charges less: 0.14% a year against 0.25%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ICICI Prudential Gold ETF FOF and SBI Gold Fund overlap?
0.0%. They hold 0 of the same securities. From each fund's latest monthly portfolio.
Which is better for SIP, ICICI Prudential Gold ETF FOF or SBI Gold Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹11,76,824 in ICICI Prudential Gold ETF FOF (XIRR 26.2% a year) and ₹11,76,888 in SBI Gold Fund (XIRR 26.2% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both ICICI Prudential Gold ETF FOF and SBI Gold Fund?
Yes. 0.0% of each fund's money sits in the same holdings, so the two hold mostly different investments.
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.