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Top 5 Best Performing Gold Funds for the year 2024

Updated on September 19, 2025 , 900 views

Gold Funds or Gold Mutual Funds refer to the schemes that invest their corpus money in gold ETFs or Exchange Traded Fund. Though Gold ETFs and Gold Funds both are offered by the same fund house but to purchase Gold ETFs customers need to have a Demat account which is not required in case of Gold Funds. In addition, Gold ETFs invest their money in physical gold while the gold funds in Gold ETFs. In Gold Funds, people can invest through SIP mode. These schemes have been able to earn commensurate returns for their investors in 2024. So, let us have a glance at the performance of the top 10 Best Gold Funds for the year 2024 on the Basis of returns.

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Best Performing Gold Funds for the year 2024

FundNAVNet Assets (Cr)2024 (%)2023 (%)2022 (%)2021 (%)2020 (%)
SBI Gold Fund Growth ₹32.1747
↓ -0.12
₹5,22119.614.112.6-5.727.4
ICICI Prudential Regular Gold Savings Fund Growth ₹34.0488
↓ -0.08
₹2,60319.513.512.7-5.426.6
Axis Gold Fund Growth ₹31.9812
↓ -0.13
₹1,27219.214.712.5-4.726.9
Nippon India Gold Savings Fund Growth ₹42.125
↓ -0.14
₹3,4391914.312.3-5.526.6
HDFC Gold Fund Growth ₹32.8775
↓ -0.14
₹4,91518.914.112.7-5.527.5
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 19 Sep 25

Research Highlights & Commentary of 5 Funds showcased

CommentarySBI Gold FundICICI Prudential Regular Gold Savings FundAxis Gold FundNippon India Gold Savings FundHDFC Gold Fund
Point 1Highest AUM (₹5,221 Cr).Bottom quartile AUM (₹2,603 Cr).Bottom quartile AUM (₹1,272 Cr).Lower mid AUM (₹3,439 Cr).Upper mid AUM (₹4,915 Cr).
Point 2Oldest track record among peers (14 yrs).Established history (13+ yrs).Established history (13+ yrs).Established history (14+ yrs).Established history (13+ yrs).
Point 3Top rated.Rating: 1★ (lower mid).Rating: 1★ (bottom quartile).Rating: 2★ (upper mid).Rating: 1★ (bottom quartile).
Point 4Risk profile: Moderately High.Risk profile: Moderately High.Risk profile: Moderately High.Risk profile: Moderately High.Risk profile: Moderately High.
Point 55Y return: 14.91% (top quartile).5Y return: 14.75% (lower mid).5Y return: 14.82% (upper mid).5Y return: 14.61% (bottom quartile).5Y return: 14.74% (bottom quartile).
Point 63Y return: 28.99% (top quartile).3Y return: 28.81% (upper mid).3Y return: 28.54% (bottom quartile).3Y return: 28.74% (lower mid).3Y return: 28.74% (bottom quartile).
Point 71Y return: 46.45% (top quartile).1Y return: 46.40% (upper mid).1Y return: 45.58% (bottom quartile).1Y return: 46.26% (lower mid).1Y return: 46.20% (bottom quartile).
Point 81M return: 10.85% (upper mid).1M return: 10.84% (lower mid).1M return: 10.67% (bottom quartile).1M return: 10.87% (top quartile).1M return: 10.79% (bottom quartile).
Point 9Alpha: 0.00 (top quartile).Alpha: 0.00 (upper mid).Alpha: 0.00 (lower mid).Alpha: 0.00 (bottom quartile).Alpha: 0.00 (bottom quartile).
Point 10Sharpe: 2.58 (top quartile).Sharpe: 2.55 (lower mid).Sharpe: 2.57 (upper mid).Sharpe: 2.52 (bottom quartile).Sharpe: 2.55 (bottom quartile).

SBI Gold Fund

  • Highest AUM (₹5,221 Cr).
  • Oldest track record among peers (14 yrs).
  • Top rated.
  • Risk profile: Moderately High.
  • 5Y return: 14.91% (top quartile).
  • 3Y return: 28.99% (top quartile).
  • 1Y return: 46.45% (top quartile).
  • 1M return: 10.85% (upper mid).
  • Alpha: 0.00 (top quartile).
  • Sharpe: 2.58 (top quartile).

ICICI Prudential Regular Gold Savings Fund

  • Bottom quartile AUM (₹2,603 Cr).
  • Established history (13+ yrs).
  • Rating: 1★ (lower mid).
  • Risk profile: Moderately High.
  • 5Y return: 14.75% (lower mid).
  • 3Y return: 28.81% (upper mid).
  • 1Y return: 46.40% (upper mid).
  • 1M return: 10.84% (lower mid).
  • Alpha: 0.00 (upper mid).
  • Sharpe: 2.55 (lower mid).

Axis Gold Fund

  • Bottom quartile AUM (₹1,272 Cr).
  • Established history (13+ yrs).
  • Rating: 1★ (bottom quartile).
  • Risk profile: Moderately High.
  • 5Y return: 14.82% (upper mid).
  • 3Y return: 28.54% (bottom quartile).
  • 1Y return: 45.58% (bottom quartile).
  • 1M return: 10.67% (bottom quartile).
  • Alpha: 0.00 (lower mid).
  • Sharpe: 2.57 (upper mid).

Nippon India Gold Savings Fund

  • Lower mid AUM (₹3,439 Cr).
  • Established history (14+ yrs).
  • Rating: 2★ (upper mid).
  • Risk profile: Moderately High.
  • 5Y return: 14.61% (bottom quartile).
  • 3Y return: 28.74% (lower mid).
  • 1Y return: 46.26% (lower mid).
  • 1M return: 10.87% (top quartile).
  • Alpha: 0.00 (bottom quartile).
  • Sharpe: 2.52 (bottom quartile).

HDFC Gold Fund

  • Upper mid AUM (₹4,915 Cr).
  • Established history (13+ yrs).
  • Rating: 1★ (bottom quartile).
  • Risk profile: Moderately High.
  • 5Y return: 14.74% (bottom quartile).
  • 3Y return: 28.74% (bottom quartile).
  • 1Y return: 46.20% (bottom quartile).
  • 1M return: 10.79% (bottom quartile).
  • Alpha: 0.00 (bottom quartile).
  • Sharpe: 2.55 (bottom quartile).

Top 5 Performing Gold Funds for the year 2024

1. SBI Gold Fund

The scheme seeks to provide returns that closely correspond to returns provided by SBI - ETF Gold (Previously known as SBI GETS).

Research Highlights for SBI Gold Fund

  • Highest AUM (₹5,221 Cr).
  • Oldest track record among peers (14 yrs).
  • Top rated.
  • Risk profile: Moderately High.
  • 5Y return: 14.91% (top quartile).
  • 3Y return: 28.99% (top quartile).
  • 1Y return: 46.45% (top quartile).
  • 1M return: 10.85% (upper mid).
  • Alpha: 0.00 (top quartile).
  • Sharpe: 2.58 (top quartile).
  • Information ratio: 0.00 (top quartile).

Below is the key information for SBI Gold Fund

SBI Gold Fund
Growth
Launch Date 12 Sep 11
NAV (19 Sep 25) ₹32.1747 ↓ -0.12   (-0.36 %)
Net Assets (Cr) ₹5,221 on 31 Aug 25
Category Gold - Gold
AMC SBI Funds Management Private Limited
Rating
Risk Moderately High
Expense Ratio 0.3
Sharpe Ratio 2.58
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 500
Exit Load 0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

DateValue

SBI Gold Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹436,710.
Net Profit of ₹136,710
Invest Now

Returns for SBI Gold Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Sep 25

DurationReturns
1 Month 10.9%
3 Month 10.2%
6 Month 23.1%
1 Year 46.4%
3 Year 29%
5 Year 14.9%
10 Year
15 Year
Since launch 8.7%
Historical performance (Yearly) on absolute basis
YearReturns
2024 19.6%
2023 14.1%
2022 12.6%
2021 -5.7%
2020 27.4%
2019 22.8%
2018 6.4%
2017 3.5%
2016 10%
2015 -8.1%
Fund Manager information for SBI Gold Fund
NameSinceTenure
Raviprakash Sharma12 Sep 1113.98 Yr.

Data below for SBI Gold Fund as on 31 Aug 25

Asset Allocation
Asset ClassValue
Cash1.24%
Other98.76%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
SBI Gold ETF
- | -
100%₹4,750 Cr560,811,834
↑ 24,600,000
Net Receivable / Payable
CBLO | -
1%-₹25 Cr
Treps
CBLO/Reverse Repo | -
0%₹14 Cr

2. ICICI Prudential Regular Gold Savings Fund

ICICI Prudential Regular Gold Savings Fund (the Scheme) is a fund of funds scheme with the primary objective to generate returns by investing in units of ICICI Prudential Gold Exchange Traded Fund (IPru Gold ETF). However, there can be no assurance that the investment objectives of the Scheme will be realized.

Research Highlights for ICICI Prudential Regular Gold Savings Fund

  • Bottom quartile AUM (₹2,603 Cr).
  • Established history (13+ yrs).
  • Rating: 1★ (lower mid).
  • Risk profile: Moderately High.
  • 5Y return: 14.75% (lower mid).
  • 3Y return: 28.81% (upper mid).
  • 1Y return: 46.40% (upper mid).
  • 1M return: 10.84% (lower mid).
  • Alpha: 0.00 (upper mid).
  • Sharpe: 2.55 (lower mid).
  • Information ratio: 0.00 (upper mid).

Below is the key information for ICICI Prudential Regular Gold Savings Fund

ICICI Prudential Regular Gold Savings Fund
Growth
Launch Date 11 Oct 11
NAV (19 Sep 25) ₹34.0488 ↓ -0.08   (-0.22 %)
Net Assets (Cr) ₹2,603 on 31 Aug 25
Category Gold - Gold
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 0.38
Sharpe Ratio 2.55
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 100
Exit Load 0-15 Months (2%),15 Months and above(NIL)

Growth of 10,000 investment over the years.

DateValue

ICICI Prudential Regular Gold Savings Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹436,710.
Net Profit of ₹136,710
Invest Now

Returns for ICICI Prudential Regular Gold Savings Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Sep 25

DurationReturns
1 Month 10.8%
3 Month 10.1%
6 Month 22.9%
1 Year 46.4%
3 Year 28.8%
5 Year 14.7%
10 Year
15 Year
Since launch 9.2%
Historical performance (Yearly) on absolute basis
YearReturns
2024 19.5%
2023 13.5%
2022 12.7%
2021 -5.4%
2020 26.6%
2019 22.7%
2018 7.4%
2017 0.8%
2016 8.9%
2015 -5.1%
Fund Manager information for ICICI Prudential Regular Gold Savings Fund
NameSinceTenure
Manish Banthia27 Sep 1212.94 Yr.
Nishit Patel29 Dec 204.68 Yr.

Data below for ICICI Prudential Regular Gold Savings Fund as on 31 Aug 25

Asset Allocation
Asset ClassValue
Cash1.55%
Other98.45%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Pru Gold ETF
- | -
100%₹2,379 Cr280,401,176
↑ 5,170,060
Treps
CBLO/Reverse Repo | -
0%₹8 Cr
Net Current Assets
Net Current Assets | -
0%-₹4 Cr

3. Axis Gold Fund

To generate returns that closely correspond to returns generated by Axis Gold ETF.

Research Highlights for Axis Gold Fund

  • Bottom quartile AUM (₹1,272 Cr).
  • Established history (13+ yrs).
  • Rating: 1★ (bottom quartile).
  • Risk profile: Moderately High.
  • 5Y return: 14.82% (upper mid).
  • 3Y return: 28.54% (bottom quartile).
  • 1Y return: 45.58% (bottom quartile).
  • 1M return: 10.67% (bottom quartile).
  • Alpha: 0.00 (lower mid).
  • Sharpe: 2.57 (upper mid).
  • Information ratio: 0.00 (lower mid).

Below is the key information for Axis Gold Fund

Axis Gold Fund
Growth
Launch Date 20 Oct 11
NAV (19 Sep 25) ₹31.9812 ↓ -0.13   (-0.40 %)
Net Assets (Cr) ₹1,272 on 31 Aug 25
Category Gold - Gold
AMC Axis Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 0.5
Sharpe Ratio 2.57
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load 0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

DateValue
31 Aug 20₹10,000
31 Aug 21₹9,093
31 Aug 22₹9,742
31 Aug 23₹11,224
31 Aug 24₹13,435
31 Aug 25₹18,771

Axis Gold Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹436,710.
Net Profit of ₹136,710
Invest Now

Returns for Axis Gold Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Sep 25

DurationReturns
1 Month 10.7%
3 Month 10.1%
6 Month 22.3%
1 Year 45.6%
3 Year 28.5%
5 Year 14.8%
10 Year
15 Year
Since launch 8.7%
Historical performance (Yearly) on absolute basis
YearReturns
2024 19.2%
2023 14.7%
2022 12.5%
2021 -4.7%
2020 26.9%
2019 23.1%
2018 8.3%
2017 0.7%
2016 10.7%
2015 -11.9%
Fund Manager information for Axis Gold Fund
NameSinceTenure
Aditya Pagaria9 Nov 213.81 Yr.
Pratik Tibrewal1 Feb 250.58 Yr.

Data below for Axis Gold Fund as on 31 Aug 25

Asset Allocation
Asset ClassValue
Cash2.23%
Other97.77%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Axis Gold ETF
- | -
99%₹1,173 Cr141,728,710
↑ 8,389,506
Clearing Corporation Of India Ltd
CBLO/Reverse Repo | -
1%₹10 Cr
Net Receivables / (Payables)
CBLO | -
0%-₹2 Cr

4. Nippon India Gold Savings Fund

The investment objective of the Scheme is to seek to provide returns that closely correspond to returns provided by Reliance ETF Gold BeES.

Research Highlights for Nippon India Gold Savings Fund

  • Lower mid AUM (₹3,439 Cr).
  • Established history (14+ yrs).
  • Rating: 2★ (upper mid).
  • Risk profile: Moderately High.
  • 5Y return: 14.61% (bottom quartile).
  • 3Y return: 28.74% (lower mid).
  • 1Y return: 46.26% (lower mid).
  • 1M return: 10.87% (top quartile).
  • Alpha: 0.00 (bottom quartile).
  • Sharpe: 2.52 (bottom quartile).
  • Information ratio: 0.00 (bottom quartile).

Below is the key information for Nippon India Gold Savings Fund

Nippon India Gold Savings Fund
Growth
Launch Date 7 Mar 11
NAV (19 Sep 25) ₹42.125 ↓ -0.14   (-0.34 %)
Net Assets (Cr) ₹3,439 on 31 Aug 25
Category Gold - Gold
AMC Nippon Life Asset Management Ltd.
Rating
Risk Moderately High
Expense Ratio 0.35
Sharpe Ratio 2.52
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 100
Exit Load 0-1 Years (2%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

DateValue

Nippon India Gold Savings Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹436,710.
Net Profit of ₹136,710
Invest Now

Returns for Nippon India Gold Savings Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Sep 25

DurationReturns
1 Month 10.9%
3 Month 10.2%
6 Month 22.7%
1 Year 46.3%
3 Year 28.7%
5 Year 14.6%
10 Year
15 Year
Since launch 10.4%
Historical performance (Yearly) on absolute basis
YearReturns
2024 19%
2023 14.3%
2022 12.3%
2021 -5.5%
2020 26.6%
2019 22.5%
2018 6%
2017 1.7%
2016 11.6%
2015 -8.1%
Fund Manager information for Nippon India Gold Savings Fund
NameSinceTenure
Himanshu Mange23 Dec 231.69 Yr.

Data below for Nippon India Gold Savings Fund as on 31 Aug 25

Asset Allocation
Asset ClassValue
Cash1.34%
Other98.66%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Nippon India ETF Gold BeES
- | -
100%₹3,249 Cr395,216,739
↑ 4,135,000
Net Current Assets
Net Current Assets | -
0%-₹8 Cr
Triparty Repo
CBLO/Reverse Repo | -
0%₹8 Cr
Cash Margin - Ccil
CBLO | -
0%₹0 Cr
Cash
Net Current Assets | -
0%₹0 Cr00

5. HDFC Gold Fund

To seek capital appreciation by investing in units of HDFC Gold Exchange Traded Fund (HGETF).

Research Highlights for HDFC Gold Fund

  • Upper mid AUM (₹4,915 Cr).
  • Established history (13+ yrs).
  • Rating: 1★ (bottom quartile).
  • Risk profile: Moderately High.
  • 5Y return: 14.74% (bottom quartile).
  • 3Y return: 28.74% (bottom quartile).
  • 1Y return: 46.20% (bottom quartile).
  • 1M return: 10.79% (bottom quartile).
  • Alpha: 0.00 (bottom quartile).
  • Sharpe: 2.55 (bottom quartile).
  • Information ratio: 0.00 (bottom quartile).

Below is the key information for HDFC Gold Fund

HDFC Gold Fund
Growth
Launch Date 24 Oct 11
NAV (19 Sep 25) ₹32.8775 ↓ -0.14   (-0.42 %)
Net Assets (Cr) ₹4,915 on 31 Aug 25
Category Gold - Gold
AMC HDFC Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 0.49
Sharpe Ratio 2.55
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 300
Exit Load 0-6 Months (2%),6-12 Months (1%),12 Months and above(NIL)

Growth of 10,000 investment over the years.

DateValue

HDFC Gold Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹436,710.
Net Profit of ₹136,710
Invest Now

Returns for HDFC Gold Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Sep 25

DurationReturns
1 Month 10.8%
3 Month 10.2%
6 Month 23.1%
1 Year 46.2%
3 Year 28.7%
5 Year 14.7%
10 Year
15 Year
Since launch 9%
Historical performance (Yearly) on absolute basis
YearReturns
2024 18.9%
2023 14.1%
2022 12.7%
2021 -5.5%
2020 27.5%
2019 21.7%
2018 6.6%
2017 2.8%
2016 10.1%
2015 -7.3%
Fund Manager information for HDFC Gold Fund
NameSinceTenure
Arun Agarwal15 Feb 232.54 Yr.
Nandita Menezes29 Mar 250.42 Yr.

Data below for HDFC Gold Fund as on 31 Aug 25

Asset Allocation
Asset ClassValue
Cash1.43%
Other98.57%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Gold ETF
- | -
100%₹4,544 Cr535,910,445
↑ 17,341,000
Net Current Assets
Net Current Assets | -
0%-₹12 Cr
Treps - Tri-Party Repo
CBLO/Reverse Repo | -
0%₹5 Cr

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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