Shriram Gold ETF Passive FoF vs Zerodha Gold ETF FoF
Direct Plan, Growth option · Data as on 29-10-2026
Shriram Gold ETF Passive FoF is a mutual fund and Zerodha Gold ETF FoF is a Fund of Funds fund. Shriram Gold ETF Passive FoF charges 5.03% a year and Zerodha Gold ETF FoF 0.28% (Direct plans). Their portfolios overlap 49.2%: they hold 1 of the same security.
Which is better, Shriram Gold ETF Passive FoF or Zerodha Gold ETF FoF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Zerodha Gold ETF FoF costs less: 0.28% a year against 5.03% (Direct plans).
- Shriram Gold ETF Passive FoF fell less in its worst fall since 11-09-2026: −5.7% against −8.9%.
- Zerodha Gold ETF FoF is the larger fund: ₹387 Cr against ₹24 Cr.
- Their portfolios overlap 49.2%: 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 | Shriram Gold ETF Passive FoF | Zerodha Gold ETF FoF |
|---|---|---|
| Fund house | Shriram Mutual Fund | Zerodha Mutual Fund |
| Category | Not available | Fund of Funds |
| AUM | ₹24 Cr (30-09-2026) | ₹387 Cr (30-09-2026) |
| NAV | ₹9.60 (Direct) | ₹18.20 (Direct) |
| Expense ratio (Direct) | 5.03% | 0.28% |
| Expense ratio (Regular) | 5.52% | Not available |
| Riskometer | Not available | High |
| Benchmark | Not available | Gold Index |
| Launch date | Not available | 13-11-2024 |
| Minimum investment | Not available | ₹100 |
| Lock in | Not available | None |
| Fund managers | Not available | Shyam Agarwal, Kedarnath Mirajkar |
| Exit load | Not available | Nil |
Shriram Gold ETF Passive FoF vs Zerodha Gold ETF 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 |
|---|---|---|---|---|---|---|---|
| Shriram Gold ETF Passive FoF (Direct) | -- | -- | -- | -- | -- | -- | -- |
| Zerodha Gold ETF FoF (Direct) | −5.29% | −1.82% | −6.69% | +15.71% | -- | -- | -- |
Shriram Gold ETF Passive FoF vs Zerodha Gold ETF FoF: Year-wise Returns
| Year | Shriram Gold ETF PassiveShriram Gold ETF Passive FoF | Zerodha Gold ETFZerodha Gold ETF FoF |
|---|---|---|
| 2026to date | -- | +4.44% |
| 2025 | -- | +71.95% |
Shriram Gold ETF Passive FoF vs Zerodha Gold ETF FoF: Rolling Returns
Every holding period of both funds
Shriram Gold ETF Passive FoF vs Zerodha Gold ETF FoF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Shriram Gold ETF Passive FoF (Direct) | Zerodha Gold ETF FoF (Direct) |
|---|---|---|
| Return (CAGR) | −26.45% | +35.52% |
| Standard deviation | 8.93% | 24.89% |
| Sharpe ratio | -3.56 | 1.20 |
| Sortino ratio | -4.23 | 1.70 |
| Maximum drawdown | −5.7% (27-10-2026) | −24.3% (23-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 11-09-2026 to 29-10-2026. 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.
Shriram Gold ETF Passive FoF (Direct)
Zerodha Gold ETF FoF (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Shriram Gold ETF Passive FoF (Direct) | −5.7% | 09-10-2026 | 27-10-2026 | Not yet | -- | −5.1% |
| Zerodha Gold ETF FoF (Direct) | −8.9% | 18-09-2026 | 30-10-2026 | Not yet | -- | −8.9% |
From daily values since 11-09-2026, the first day every fund has.
Shriram Gold ETF Passive FoF vs Zerodha Gold ETF FoF: Portfolio Overlap
From each fund's latest monthly portfolio: Shriram Gold ETF Passive FoF, September 2026; Zerodha Gold ETF FoF, September 2026
Holdings in common
- Overlap
- 49.2%
- Held by both
- 1
- Only in Shriram Gold ETF Passive FoF
- 1
- Only in Zerodha Gold ETF FoF
- 0
| Security | % of Shriram Gold ETF Passive FoF | % of Zerodha Gold ETF FoF |
|---|---|---|
| ZERODHA GOLD ETF | 49.17% | 100.18% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 49.2% means 49.2% 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 Shriram Gold ETF Passive FoF
| Security | % of fund |
|---|---|
| MIRAE ASSET GOLD ETF | 49.34% |
Largest holdings only in Zerodha Gold ETF FoF
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 | Shriram Gold ETF Passive FoF | Zerodha Gold ETF FoF |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 100.0% | 100.0% |
Shriram Gold ETF Passive FoF vs Zerodha Gold ETF FoF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Shriram Gold ETF Passive FoF | Zerodha Gold ETF FoF |
|---|---|---|
| Total expense ratio (Direct) | 5.03% | 0.28% |
| Base expense ratio (Direct) | 0.16% | 0.23% |
| Total expense ratio (Regular) | 5.52% | Not available |
| Base expense ratio (Regular) | 0.58% | 0.00% |
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.
Shriram Gold ETF Passive FoF vs Zerodha Gold ETF FoF: Frequently Asked Questions
What is the difference between Shriram Gold ETF Passive FoF and Zerodha Gold ETF FoF?
Shriram Gold ETF Passive FoF is a mutual fund, Zerodha Gold ETF FoF is a Fund of Funds fund, run by Shriram Mutual Fund and Zerodha Mutual Fund. Their portfolios overlap 49.2%. Shriram Gold ETF Passive FoF charges 5.03% a year and Zerodha Gold ETF FoF 0.28%.
Which has the lower expense ratio, Shriram Gold ETF Passive FoF or Zerodha Gold ETF FoF?
Zerodha Gold ETF FoF charges less: 0.28% a year against 5.03%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Shriram Gold ETF Passive FoF and Zerodha Gold ETF FoF overlap?
49.2%. They hold 1 of the same securities, the largest shared ones being GOLDCASE. From each fund's latest monthly portfolio.
Can I invest in both Shriram Gold ETF Passive FoF and Zerodha Gold ETF FoF?
Yes. 49.2% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
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.