Top 5 Best Performing Gold Funds for the year 2024

Updated on August 29, 2025 , 898 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

Fund	NAV	Net Assets (Cr)	2024 (%)	2023 (%)	2022 (%)	2021 (%)	2020 (%)
SBI Gold Fund Growth	₹30.0749 ↑ 0.32	₹4,740	19.6	14.1	12.6	-5.7	27.4
ICICI Prudential Regular Gold Savings Fund Growth	₹31.858 ↑ 0.34	₹2,384	19.5	13.5	12.7	-5.4	26.6
Axis Gold Fund Growth	₹29.9607 ↑ 0.36	₹1,180	19.2	14.7	12.5	-4.7	26.9
Nippon India Gold Savings Fund Growth	₹39.3887 ↑ 0.42	₹3,248	19	14.3	12.3	-5.5	26.6
HDFC Gold Fund Growth	₹30.7365 ↑ 0.33	₹4,537	18.9	14.1	12.7	-5.5	27.5
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 29 Aug 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	SBI Gold Fund	ICICI Prudential Regular Gold Savings Fund	Axis Gold Fund	Nippon India Gold Savings Fund	HDFC Gold Fund
Point 1	Highest AUM (₹4,740 Cr).	Bottom quartile AUM (₹2,384 Cr).	Bottom quartile AUM (₹1,180 Cr).	Lower mid AUM (₹3,248 Cr).	Upper mid AUM (₹4,537 Cr).
Point 2	Established history (13+ yrs).	Established history (13+ yrs).	Established history (13+ yrs).	Oldest track record among peers (14 yrs).	Established history (13+ yrs).
Point 3	Top rated.	Rating: 1★ (lower mid).	Rating: 1★ (bottom quartile).	Rating: 2★ (upper mid).	Rating: 1★ (bottom quartile).
Point 4	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.
Point 5	5Y return: 13.45% (upper mid).	5Y return: 13.34% (lower mid).	5Y return: 13.54% (top quartile).	5Y return: 13.19% (bottom quartile).	5Y return: 13.30% (bottom quartile).
Point 6	3Y return: 24.72% (top quartile).	3Y return: 24.40% (bottom quartile).	3Y return: 24.48% (upper mid).	3Y return: 24.42% (bottom quartile).	3Y return: 24.43% (lower mid).
Point 7	1Y return: 40.32% (upper mid).	1Y return: 40.27% (lower mid).	1Y return: 39.85% (bottom quartile).	1Y return: 40.39% (top quartile).	1Y return: 40.22% (bottom quartile).
Point 8	1M return: 4.16% (lower mid).	1M return: 4.22% (top quartile).	1M return: 4.17% (upper mid).	1M return: 4.16% (bottom quartile).	1M return: 4.14% (bottom quartile).
Point 9	Alpha: 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 10	Sharpe: 2.53 (top quartile).	Sharpe: 2.50 (upper mid).	Sharpe: 2.50 (lower mid).	Sharpe: 2.48 (bottom quartile).	Sharpe: 2.50 (bottom quartile).

SBI Gold Fund

Highest AUM (₹4,740 Cr).
Established history (13+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 13.45% (upper mid).
3Y return: 24.72% (top quartile).
1Y return: 40.32% (upper mid).
1M return: 4.16% (lower mid).
Alpha: 0.00 (top quartile).
Sharpe: 2.53 (top quartile).

ICICI Prudential Regular Gold Savings Fund

Bottom quartile AUM (₹2,384 Cr).
Established history (13+ yrs).
Rating: 1★ (lower mid).
Risk profile: Moderately High.
5Y return: 13.34% (lower mid).
3Y return: 24.40% (bottom quartile).
1Y return: 40.27% (lower mid).
1M return: 4.22% (top quartile).
Alpha: 0.00 (upper mid).
Sharpe: 2.50 (upper mid).

Axis Gold Fund

Bottom quartile AUM (₹1,180 Cr).
Established history (13+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 13.54% (top quartile).
3Y return: 24.48% (upper mid).
1Y return: 39.85% (bottom quartile).
1M return: 4.17% (upper mid).
Alpha: 0.00 (lower mid).
Sharpe: 2.50 (lower mid).

Nippon India Gold Savings Fund

Lower mid AUM (₹3,248 Cr).
Oldest track record among peers (14 yrs).
Rating: 2★ (upper mid).
Risk profile: Moderately High.
5Y return: 13.19% (bottom quartile).
3Y return: 24.42% (bottom quartile).
1Y return: 40.39% (top quartile).
1M return: 4.16% (bottom quartile).
Alpha: 0.00 (bottom quartile).
Sharpe: 2.48 (bottom quartile).

HDFC Gold Fund

Upper mid AUM (₹4,537 Cr).
Established history (13+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 13.30% (bottom quartile).
3Y return: 24.43% (lower mid).
1Y return: 40.22% (bottom quartile).
1M return: 4.14% (bottom quartile).
Alpha: 0.00 (bottom quartile).
Sharpe: 2.50 (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 (₹4,740 Cr).
Established history (13+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 13.45% (upper mid).
3Y return: 24.72% (top quartile).
1Y return: 40.32% (upper mid).
1M return: 4.16% (lower mid).
Alpha: 0.00 (top quartile).
Sharpe: 2.53 (top quartile).
Information ratio: 0.00 (top quartile).
Top bond sector: Cash Equivalent.
Largest holding SBI Gold ETF (~100.2%).
Top-3 holdings concentration ~101.2%.

Below is the key information for SBI Gold Fund

SBI Gold Fund Growth
Launch Date	12 Sep 11
NAV (29 Aug 25)	₹30.0749 ↑ 0.32 (1.08 %)
Net Assets (Cr)	₹4,740 on 31 Jul 25
Category	Gold - Gold
AMC	SBI Funds Management Private Limited
Rating	☆☆
Risk	Moderately High
Expense Ratio	0.3
Sharpe Ratio	2.53
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.

Date	Value
31 Aug 20	₹10,000
31 Aug 21	₹9,019
31 Aug 22	₹9,649
31 Aug 23	₹11,136
31 Aug 24	₹13,336
31 Aug 25	₹18,695

SBI Gold Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹426,080.
Net Profit of ₹126,080 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 29 Aug 25

Duration	Returns
1 Month	4.2%
3 Month	7.7%
6 Month	19.5%
1 Year	40.3%
3 Year	24.7%
5 Year	13.4%
10 Year
15 Year
Since launch	8.2%

Historical performance (Yearly) on absolute basis

Year	Returns
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

Name	Since	Tenure
Raviprakash Sharma	12 Sep 11	13.89 Yr.

Data below for SBI Gold Fund as on 31 Jul 25

Asset Allocation

Asset Class	Value
Cash	1.19%
Other	98.81%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
SBI Gold ETF - \| -	100%	₹4,419 Cr	536,211,834 ↑ 29,700,000
Net Receivable / Payable CBLO \| -	1%	-₹27 Cr
Treps CBLO/Reverse Repo \| -	0%	₹17 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 (₹2,384 Cr).
Established history (13+ yrs).
Rating: 1★ (lower mid).
Risk profile: Moderately High.
5Y return: 13.34% (lower mid).
3Y return: 24.40% (bottom quartile).
1Y return: 40.27% (lower mid).
1M return: 4.22% (top quartile).
Alpha: 0.00 (upper mid).
Sharpe: 2.50 (upper mid).
Information ratio: 0.00 (upper mid).
Top bond sector: Cash Equivalent.
Largest holding ICICI Pru Gold ETF (~100.0%).
Top-3 holdings concentration ~101.1%.

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 (29 Aug 25)	₹31.858 ↑ 0.34 (1.08 %)
Net Assets (Cr)	₹2,384 on 31 Jul 25
Category	Gold - Gold
AMC	ICICI Prudential Asset Management Company Limited
Rating	☆
Risk	Moderately High
Expense Ratio	0.38
Sharpe Ratio	2.5
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.

Date	Value
31 Aug 20	₹10,000
31 Aug 21	₹8,985
31 Aug 22	₹9,647
31 Aug 23	₹11,037
31 Aug 24	₹13,266
31 Aug 25	₹18,603

ICICI Prudential Regular Gold Savings Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹426,080.
Net Profit of ₹126,080 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 29 Aug 25

Duration	Returns
1 Month	4.2%
3 Month	7.8%
6 Month	19.6%
1 Year	40.3%
3 Year	24.4%
5 Year	13.3%
10 Year
15 Year
Since launch	8.7%

Historical performance (Yearly) on absolute basis

Year	Returns
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

Name	Since	Tenure
Manish Banthia	27 Sep 12	12.85 Yr.
Nishit Patel	29 Dec 20	4.59 Yr.

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

Asset Allocation

Asset Class	Value
Cash	1.37%
Other	98.63%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Pru Gold ETF - \| -	100%	₹2,274 Cr	275,231,116 ↑ 13,791,914
Treps CBLO/Reverse Repo \| -	1%	₹13 Cr
Net Current Assets Net Current Assets \| -	1%	-₹13 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 (₹1,180 Cr).
Established history (13+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 13.54% (top quartile).
3Y return: 24.48% (upper mid).
1Y return: 39.85% (bottom quartile).
1M return: 4.17% (upper mid).
Alpha: 0.00 (lower mid).
Sharpe: 2.50 (lower mid).
Information ratio: 0.00 (lower mid).
Top bond sector: Cash Equivalent.
Largest holding Axis Gold ETF (~95.8%).
Top-3 holdings concentration ~100.5%.

Below is the key information for Axis Gold Fund

Axis Gold Fund Growth
Launch Date	20 Oct 11
NAV (29 Aug 25)	₹29.9607 ↑ 0.36 (1.22 %)
Net Assets (Cr)	₹1,180 on 31 Jul 25
Category	Gold - Gold
AMC	Axis Asset Management Company Limited
Rating	☆
Risk	Moderately High
Expense Ratio	0.5
Sharpe Ratio	2.5
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.

Date	Value
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

Total investment amount is ₹300,000
expected amount after 5 Years is ₹426,080.
Net Profit of ₹126,080 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 29 Aug 25

Duration	Returns
1 Month	4.2%
3 Month	7.7%
6 Month	19.7%
1 Year	39.9%
3 Year	24.5%
5 Year	13.5%
10 Year
15 Year
Since launch	8.2%

Historical performance (Yearly) on absolute basis

Year	Returns
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

Name	Since	Tenure
Aditya Pagaria	9 Nov 21	3.73 Yr.
Pratik Tibrewal	1 Feb 25	0.49 Yr.

Data below for Axis Gold Fund as on 31 Jul 25

Asset Allocation

Asset Class	Value
Cash	5.62%
Other	94.38%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Axis Gold ETF - \| -	96%	₹1,074 Cr	133,339,204 ↑ 3,300,766
Clearing Corporation Of India Ltd CBLO/Reverse Repo \| -	4%	₹50 Cr
Net Receivables / (Payables) CBLO \| -	0%	-₹3 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 (₹3,248 Cr).
Oldest track record among peers (14 yrs).
Rating: 2★ (upper mid).
Risk profile: Moderately High.
5Y return: 13.19% (bottom quartile).
3Y return: 24.42% (bottom quartile).
1Y return: 40.39% (top quartile).
1M return: 4.16% (bottom quartile).
Alpha: 0.00 (bottom quartile).
Sharpe: 2.48 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Top bond sector: Cash Equivalent.
Largest holding Nippon India ETF Gold BeES (~100.1%).
Top-3 holdings concentration ~100.8%.

Below is the key information for Nippon India Gold Savings Fund

Nippon India Gold Savings Fund Growth
Launch Date	7 Mar 11
NAV (29 Aug 25)	₹39.3887 ↑ 0.42 (1.09 %)
Net Assets (Cr)	₹3,248 on 31 Jul 25
Category	Gold - Gold
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆
Risk	Moderately High
Expense Ratio	0.35
Sharpe Ratio	2.48
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.

Date	Value
31 Aug 20	₹10,000
31 Aug 21	₹8,973
31 Aug 22	₹9,606
31 Aug 23	₹10,980
31 Aug 24	₹13,183
31 Aug 25	₹18,480

Nippon India Gold Savings Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹426,080.
Net Profit of ₹126,080 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 29 Aug 25

Duration	Returns
1 Month	4.2%
3 Month	7.8%
6 Month	19.8%
1 Year	40.4%
3 Year	24.4%
5 Year	13.2%
10 Year
15 Year
Since launch	9.9%

Historical performance (Yearly) on absolute basis

Year	Returns
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

Name	Since	Tenure
Himanshu Mange	23 Dec 23	1.61 Yr.

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

Asset Allocation

Asset Class	Value
Cash	1.38%
Other	98.62%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Nippon India ETF Gold BeES - \| -	100%	₹3,128 Cr	391,081,739 ↑ 8,330,000
Net Current Assets Net Current Assets \| -	0%	-₹12 Cr
Triparty Repo CBLO/Reverse Repo \| -	0%	₹10 Cr
Cash Margin - Ccil CBLO \| -	0%	₹0 Cr
Cash Net Current Assets \| -	0%	₹0 Cr	00

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 (₹4,537 Cr).
Established history (13+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 13.30% (bottom quartile).
3Y return: 24.43% (lower mid).
1Y return: 40.22% (bottom quartile).
1M return: 4.14% (bottom quartile).
Alpha: 0.00 (bottom quartile).
Sharpe: 2.50 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Top bond sector: Cash Equivalent.
Largest holding HDFC Gold ETF (~100.2%).
Top-3 holdings concentration ~100.7%.

Below is the key information for HDFC Gold Fund

HDFC Gold Fund Growth
Launch Date	24 Oct 11
NAV (29 Aug 25)	₹30.7365 ↑ 0.33 (1.08 %)
Net Assets (Cr)	₹4,537 on 31 Jul 25
Category	Gold - Gold
AMC	HDFC Asset Management Company Limited
Rating	☆
Risk	Moderately High
Expense Ratio	0.49
Sharpe Ratio	2.5
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.

Date	Value
31 Aug 20	₹10,000
31 Aug 21	₹8,995
31 Aug 22	₹9,637
31 Aug 23	₹11,044
31 Aug 24	₹13,286
31 Aug 25	₹18,521

HDFC Gold Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹426,080.
Net Profit of ₹126,080 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 29 Aug 25

Duration	Returns
1 Month	4.1%
3 Month	7.7%
6 Month	20%
1 Year	40.2%
3 Year	24.4%
5 Year	13.3%
10 Year
15 Year
Since launch	8.5%

Historical performance (Yearly) on absolute basis

Year	Returns
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

Name	Since	Tenure
Arun Agarwal	15 Feb 23	2.46 Yr.
Nandita Menezes	29 Mar 25	0.34 Yr.

Data below for HDFC Gold Fund as on 31 Jul 25

Asset Allocation

Asset Class	Value
Cash	1.39%
Other	98.61%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Gold ETF - \| -	100%	₹4,280 Cr	518,569,445 ↑ 21,282,499
Net Current Assets Net Current Assets \| -	0%	-₹14 Cr
Treps - Tri-Party Repo CBLO/Reverse Repo \| -	0%	₹6 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.