LIC MF Gold ETF Fund of Fund vs LIC MF Gold Exchange Traded Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
LIC MF Gold ETF Fund of Fund is a Fund of Funds fund and LIC MF Gold Exchange Traded Fund is an Index fund. In the 3 years to 30-10-2026, LIC MF Gold ETF Fund of Fund (Direct) returned 30.1% a year and LIC MF Gold Exchange Traded Fund returned 30.6% a year. LIC MF Gold ETF Fund of Fund charges 0.35% a year and LIC MF Gold Exchange Traded Fund 0.45%. Their portfolios overlap 98.1%: they hold 1 of the same security.
LIC MF Gold ETF Fund of Fund
Fund of Funds
- 3 year return
- 30.1%
- Expense ratio
- 0.35%
- NAV
- ₹37.90
LIC MF Gold Exchange Traded Fund
Index
- 3 year return
- 30.6%
- Expense ratio
- 0.45%
- NAV
- ₹125.48
Which is better, LIC MF Gold ETF Fund of or LIC MF Gold Exchange Traded? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- LIC MF Gold Exchange Traded returned more over 3 years: 30.6% a year against 30.1%.
- LIC MF Gold Exchange Traded returned more over 1 year: 15.6% against 15.1%.
- LIC MF Gold ETF Fund of costs less: 0.35% a year against 0.45%.
- LIC MF Gold Exchange Traded swung less over 3 years: a standard deviation of 19.5% a year against 23.9%.
- LIC MF Gold Exchange Traded fell less in its worst fall since 31-07-2023: −20.2% against −24.5%.
- LIC MF Gold Exchange Traded is the larger fund: ₹1,441 Cr against ₹833 Cr.
- Their portfolios overlap 98.1%: 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 | LIC MF Gold ETF Fund of Fund | LIC MF Gold Exchange Traded Fund |
|---|---|---|
| Fund house | LIC Mutual Fund | LIC Mutual Fund |
| Category | Fund of Funds | Index |
| AUM | ₹833 Cr (30-09-2026) | ₹1,441 Cr (30-09-2026) |
| NAV | ₹37.90 (Direct) | ₹125.48 |
| Expense ratio (Direct) | 0.35% | Not available |
| Expense ratio (Regular) | 0.61% | Not available |
| Riskometer | High | High |
| Benchmark | Gold Index | Gold Index |
| Launch date | 14-08-2012 | 09-11-2011 |
| Minimum investment | ₹5,000 | For Subscription of units directly with Mutual Fund: All direct transactions in units of the Scheme by MMs/APs or other eligible investors with the AMC/the Fund shall be at intra-day NAV based on the actual execution price of the underlying portfolio. Any |
| Lock in | None | None |
| Fund managers | Sumit Bhatnagar, Sasikant Aravamuthan | Sumit Bhatnagar, Sasikant Aravamuthan |
| Exit load | 1% for exit (redemption/switch-out/transfer/SWP) within 15 days from the date of allotment. Nil, if units of scheme are redeemed or switched out after 15 days from the date of allotment. | NIL |
LIC MF Gold ETF Fund of vs LIC MF Gold Exchange Traded: 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 |
|---|---|---|---|---|---|---|---|
| LIC MF Gold ETF Fund of Fund (Direct) | −5.27% | −1.80% | −6.75% | +15.10% | +30.09% | -- | -- |
| LIC MF Gold Exchange Traded Fund | −5.21% | −2.15% | −6.73% | +15.57% | +30.64% | -- | -- |
LIC MF Gold ETF Fund of vs LIC MF Gold Exchange Traded: Year-wise Returns
| Year | ETF Fund ofLIC MF Gold ETF Fund of | Exchange TradedLIC MF Gold Exchange Traded |
|---|---|---|
| 2026to date | −0.09% | +6.00% |
| 2025 | +79.72% | +70.39% |
| 2024 | +19.15% | +19.90% |
LIC MF Gold ETF Fund of vs LIC MF Gold Exchange Traded: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 61 of them, one for each trading day from 31-07-2026 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.
LIC MF Gold ETF Fund of Fund (Direct)
LIC MF Gold Exchange Traded Fund
to
Aug 2026Aug 2023
to
Aug 2026Sept 2023
to
Sept 2026Sept 2023
to
Sept 2026Oct 2023
to
Oct 2026Oct 2023
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LIC MF Gold ETF Fund of | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 100.0 | 35.0% | 35.4% | 30.1% | 38.5% |
| LIC MF Gold Exchange Traded | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 100.0 | 35.5% | 35.9% | 30.6% | 39.1% |
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 31-07-2023. Past returns do not promise future returns.
LIC MF Gold ETF Fund of vs LIC MF Gold Exchange Traded: 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 31-07-2023 to 30-10-2026: 40 instalments, ₹4,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| LIC MF Gold ETF Fund ofLIC MF Gold ETF Fund of Fund (Direct) | ₹4,00,000 | ₹6,31,731 | ₹2,31,731 | 28.6% |
| LIC MF Gold Exchange TradedLIC MF Gold Exchange Traded Fund | ₹4,00,000 | ₹6,39,163 | ₹2,39,163 | 29.4% |
LIC MF Gold ETF Fund ofLIC MF Gold ETF Fund of Fund (Direct)
LIC MF Gold Exchange TradedLIC MF Gold Exchange Traded Fund
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.
LIC MF Gold ETF Fund of vs LIC MF Gold Exchange Traded: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | LIC MF Gold ETF Fund of Fund (Direct) | LIC MF Gold Exchange Traded Fund |
|---|---|---|
| Return (CAGR) | +15.10% | +15.57% |
| Standard deviation | 30.89% | 25.36% |
| Sharpe ratio | 0.32 | 0.41 |
| Sortino ratio | 0.44 | 0.56 |
| Maximum drawdown | −24.5% (23-03-2026) | −20.2% (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 | LIC MF Gold ETF Fund of Fund (Direct) | LIC MF Gold Exchange Traded Fund |
|---|---|---|
| Return (CAGR) | +30.09% | +30.64% |
| Standard deviation | 23.89% | 19.50% |
| Sharpe ratio | 1.01 | 1.26 |
| Sortino ratio | 1.46 | 1.78 |
| Maximum drawdown | −24.5% (23-03-2026) | −20.2% (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 | LIC MF Gold ETF Fund of Fund (Direct) | LIC MF Gold Exchange Traded Fund |
|---|---|---|
| Return (CAGR) | +28.78% | +29.23% |
| Standard deviation | 23.08% | 18.88% |
| Sharpe ratio | 0.98 | 1.23 |
| Sortino ratio | 1.42 | 1.73 |
| Maximum drawdown | −24.5% (23-03-2026) | −20.2% (23-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 31-07-2023 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.
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.
LIC MF Gold ETF Fund of Fund (Direct)
LIC MF Gold Exchange Traded Fund
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| LIC MF Gold ETF Fund of Fund (Direct) | −24.5% | 29-01-2026 | 23-03-2026 | Not yet | -- | −22.0% |
| LIC MF Gold Exchange Traded Fund | −20.2% | 29-01-2026 | 23-03-2026 | Not yet | -- | −17.8% |
From daily values since 31-07-2023, 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.
LIC MF Gold ETF Fund of Fund (Direct)
LIC MF Gold Exchange Traded Fund
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.
LIC MF Gold ETF Fund of Fund (Direct)
LIC MF Gold Exchange Traded Fund
LIC MF Gold ETF Fund of vs LIC MF Gold Exchange Traded: Portfolio Overlap
From each fund's latest monthly portfolio: LIC MF Gold ETF Fund of Fund, September 2026; LIC MF Gold Exchange Traded Fund, September 2026
Holdings in common
- Overlap
- 98.1%
- Held by both
- 1
- Only in LIC MF Gold ETF Fund of
- 0
- Only in LIC MF Gold Exchange Traded
- 0
| Security | % of LIC MF Gold ETF Fund of | % of LIC MF Gold Exchange Traded |
|---|---|---|
| LIC Mutual Fund | 99.64% | 98.12% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 98.1% means 98.1% 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 LIC MF Gold ETF Fund of Fund
Every holding of this fund is also held by the other.
Largest holdings only in LIC MF Gold Exchange Traded Fund
Every holding of this fund is also held by the other.
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | LIC MF Gold ETF Fund of | LIC MF Gold Exchange Traded |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 100.0% | 100.0% |
LIC MF Gold ETF Fund of vs LIC MF Gold Exchange Traded: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | LIC MF Gold ETF Fund of Fund | LIC MF Gold Exchange Traded Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.35% | Not available |
| Base expense ratio (Direct) | 0.30% | 0.00% |
| Total expense ratio (Regular) | 0.61% | Not available |
| Base expense ratio (Regular) | 0.52% | 0.38% |
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.
LIC MF Gold ETF Fund of Fund vs LIC MF Gold Exchange Traded Fund: Frequently Asked Questions
What is the difference between LIC MF Gold ETF Fund of Fund and LIC MF Gold Exchange Traded Fund?
LIC MF Gold ETF Fund of Fund is a Fund of Funds fund, LIC MF Gold Exchange Traded Fund is an Index fund, run by LIC Mutual Fund. Their portfolios overlap 98.1%. LIC MF Gold ETF Fund of Fund charges 0.35% a year and LIC MF Gold Exchange Traded Fund 0.45%.
Which has given higher returns, LIC MF Gold ETF Fund of Fund or LIC MF Gold Exchange Traded Fund?
Over 1 year: LIC MF Gold ETF Fund of Fund +15.10%, LIC MF Gold Exchange Traded Fund +15.57%. Over 3 years: LIC MF Gold ETF Fund of Fund +30.09% a year, LIC MF Gold Exchange Traded Fund +30.64% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, LIC MF Gold ETF Fund of Fund or LIC MF Gold Exchange Traded Fund?
LIC MF Gold ETF Fund of Fund charges less: 0.35% a year against 0.45%. These are the total expense ratios reported to AMFI.
How much do LIC MF Gold ETF Fund of Fund and LIC MF Gold Exchange Traded Fund overlap?
98.1%. They hold 1 of the same securities, the largest shared ones being LICMFGOLD. From each fund's latest monthly portfolio.
Which is riskier, LIC MF Gold ETF Fund of Fund or LIC MF Gold Exchange Traded Fund?
On SEBI's riskometer, LIC MF Gold ETF Fund of Fund is rated High and LIC MF Gold Exchange Traded Fund High. Over 3 years, the standard deviation of daily returns was 23.89% and 19.50% a year.
Which is better for SIP, LIC MF Gold ETF Fund of Fund or LIC MF Gold Exchange Traded Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹5,63,425 in LIC MF Gold ETF Fund of Fund (XIRR 28.5% a year) and ₹5,70,144 in LIC MF Gold Exchange Traded Fund (XIRR 29.4% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both LIC MF Gold ETF Fund of Fund and LIC MF Gold Exchange Traded Fund?
Yes. 98.1% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages LIC MF Gold ETF Fund of Fund and LIC MF Gold Exchange Traded Fund?
LIC MF Gold ETF Fund of Fund: Sumit Bhatnagar, Sasikant Aravamuthan. LIC MF Gold Exchange Traded Fund: Sumit Bhatnagar, Sasikant Aravamuthan.
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.