Top 10 Best Performing Gold Funds for the year 2024

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Top 5 Best Performing Gold Funds for the year 2024

Updated on June 5, 2025 , 861 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	₹28.6524 ↓ -0.20	₹3,931	19.6	14.1	12.6	-5.7	27.4
ICICI Prudential Regular Gold Savings Fund Growth	₹30.3889 ↓ -0.15	₹2,057	19.5	13.5	12.7	-5.4	26.6
Axis Gold Fund Growth	₹28.5448 ↓ -0.18	₹1,033	19.2	14.7	12.5	-4.7	26.9
Nippon India Gold Savings Fund Growth	₹37.5215 ↓ -0.23	₹2,959	19	14.3	12.3	-5.5	26.6
HDFC Gold Fund Growth	₹29.2973 ↓ -0.22	₹3,871	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 6 Jun 25

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).

SBI Gold Fund is a Gold - Gold fund was launched on 12 Sep 11. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 8% since its launch. Return for 2024 was 19.6% , 2023 was 14.1% and 2022 was 12.6% .

Below is the key information for SBI Gold Fund

SBI Gold Fund Growth
Launch Date	12 Sep 11
NAV (06 Jun 25)	₹28.6524 ↓ -0.20 (-0.69 %)
Net Assets (Cr)	₹3,931 on 30 Apr 25
Category	Gold - Gold
AMC	SBI Funds Management Private Limited
Rating	☆☆
Risk	Moderately High
Expense Ratio	0.29
Sharpe Ratio	1.56
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 May 20	₹10,000
31 May 21	₹10,390
31 May 22	₹10,703
31 May 23	₹12,495
31 May 24	₹14,895
31 May 25	₹19,303

SBI Gold Fund SIP 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 6 Jun 25

Duration	Returns
1 Month	-0.5%
3 Month	12.8%
6 Month	26.8%
1 Year	31.8%
3 Year	22.4%
5 Year	14.4%
10 Year
15 Year
Since launch	8%

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
Raj gandhi	1 Jan 13	12.42 Yr.

Data below for SBI Gold Fund as on 30 Apr 25

Asset Allocation

Asset Class	Value
Cash	1.27%
Other	98.73%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
SBI Gold ETF - \| -	100%	₹3,939 Cr	483,231,791 ↑ 15,977,871
Net Receivable / Payable CBLO \| -	1%	-₹23 Cr
Treps CBLO/Reverse Repo \| -	0%	₹15 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.

ICICI Prudential Regular Gold Savings Fund is a Gold - Gold fund was launched on 11 Oct 11. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 8.5% since its launch. Return for 2024 was 19.5% , 2023 was 13.5% and 2022 was 12.7% .

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 (06 Jun 25)	₹30.3889 ↓ -0.15 (-0.48 %)
Net Assets (Cr)	₹2,057 on 30 Apr 25
Category	Gold - Gold
AMC	ICICI Prudential Asset Management Company Limited
Rating	☆
Risk	Moderately High
Expense Ratio	0.4
Sharpe Ratio	1.54
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 May 20	₹10,000
31 May 21	₹10,309
31 May 22	₹10,650
31 May 23	₹12,349
31 May 24	₹14,729
31 May 25	₹19,112

ICICI Prudential Regular Gold Savings Fund SIP 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 6 Jun 25

Duration	Returns
1 Month	-0.3%
3 Month	13.1%
6 Month	26.9%
1 Year	32.1%
3 Year	22.4%
5 Year	14.2%
10 Year
15 Year
Since launch	8.5%

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	12.68 Yr.
Nishit Patel	29 Dec 20	4.42 Yr.

Data below for ICICI Prudential Regular Gold Savings Fund as on 30 Apr 25

Asset Allocation

Asset Class	Value
Cash	1.59%
Other	98.41%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Pru Gold ETF - \| -	100%	₹2,053 Cr	251,671,554 ↑ 3,890,309
Treps CBLO/Reverse Repo \| -	1%	₹11 Cr
Net Current Assets Net Current Assets \| -	0%	-₹8 Cr

3. Axis Gold Fund

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

Axis Gold Fund is a Gold - Gold fund was launched on 20 Oct 11. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 8% since its launch. Return for 2024 was 19.2% , 2023 was 14.7% and 2022 was 12.5% .

Below is the key information for Axis Gold Fund

Axis Gold Fund Growth
Launch Date	20 Oct 11
NAV (06 Jun 25)	₹28.5448 ↓ -0.18 (-0.61 %)
Net Assets (Cr)	₹1,033 on 30 Apr 25
Category	Gold - Gold
AMC	Axis Asset Management Company Limited
Rating	☆
Risk	Moderately High
Expense Ratio	0.24
Sharpe Ratio	1.54
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 May 20	₹10,000
31 May 21	₹10,395
31 May 22	₹10,765
31 May 23	₹12,577
31 May 24	₹14,943
31 May 25	₹19,276

Axis Gold Fund SIP 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 6 Jun 25

Duration	Returns
1 Month	-0.4%
3 Month	12.5%
6 Month	26.1%
1 Year	31%
3 Year	22.2%
5 Year	14.5%
10 Year
15 Year
Since launch	8%

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	3.56 Yr.
Pratik Tibrewal	1 Feb 25	0.33 Yr.

Data below for Axis Gold Fund as on 30 Apr 25

Asset Allocation

Asset Class	Value
Cash	3.75%
Other	96.25%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Axis Gold ETF - \| -	98%	₹1,009 Cr	126,831,408 ↑ 3,500,000
Clearing Corporation Of India Ltd CBLO/Reverse Repo \| -	3%	₹28 Cr
Net Receivables / (Payables) CBLO \| -	0%	-₹4 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.

Nippon India Gold Savings Fund is a Gold - Gold fund was launched on 7 Mar 11. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 9.7% since its launch. Return for 2024 was 19% , 2023 was 14.3% and 2022 was 12.3% .

Below is the key information for Nippon India Gold Savings Fund

Nippon India Gold Savings Fund Growth
Launch Date	7 Mar 11
NAV (06 Jun 25)	₹37.5215 ↓ -0.23 (-0.61 %)
Net Assets (Cr)	₹2,959 on 30 Apr 25
Category	Gold - Gold
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆
Risk	Moderately High
Expense Ratio	0.34
Sharpe Ratio	1.53
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 May 20	₹10,000
31 May 21	₹10,352
31 May 22	₹10,637
31 May 23	₹12,332
31 May 24	₹14,732
31 May 25	₹19,039

Nippon India Gold Savings Fund SIP 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 6 Jun 25

Duration	Returns
1 Month	-1.1%
3 Month	12.9%
6 Month	26.7%
1 Year	31.7%
3 Year	22.2%
5 Year	14.1%
10 Year
15 Year
Since launch	9.7%

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	1.44 Yr.

Data below for Nippon India Gold Savings Fund as on 30 Apr 25

Asset Allocation

Asset Class	Value
Cash	1.45%
Other	98.55%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Nippon India ETF Gold BeES - \| -	100%	₹2,960 Cr	374,289,097 ↑ 4,429,805
Net Current Assets Net Current Assets \| -	0%	-₹12 Cr
Triparty Repo CBLO/Reverse Repo \| -	0%	₹11 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).

HDFC Gold Fund is a Gold - Gold fund was launched on 24 Oct 11. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 8.2% since its launch. Return for 2024 was 18.9% , 2023 was 14.1% and 2022 was 12.7% .

Below is the key information for HDFC Gold Fund

HDFC Gold Fund Growth
Launch Date	24 Oct 11
NAV (06 Jun 25)	₹29.2973 ↓ -0.22 (-0.75 %)
Net Assets (Cr)	₹3,871 on 30 Apr 25
Category	Gold - Gold
AMC	HDFC Asset Management Company Limited
Rating	☆
Risk	Moderately High
Expense Ratio	0.49
Sharpe Ratio	1.57
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 May 20	₹10,000
31 May 21	₹10,378
31 May 22	₹10,690
31 May 23	₹12,397
31 May 24	₹14,816
31 May 25	₹19,178

HDFC Gold Fund SIP 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 6 Jun 25

Duration	Returns
1 Month	-0.6%
3 Month	12.8%
6 Month	26.8%
1 Year	31.8%
3 Year	22.3%
5 Year	14.3%
10 Year
15 Year
Since launch	8.2%

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	2.29 Yr.
Nandita Menezes	29 Mar 25	0.17 Yr.

Data below for HDFC Gold Fund as on 30 Apr 25

Asset Allocation

Asset Class	Value
Cash	1.44%
Other	98.56%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Gold ETF - \| -	100%	₹3,880 Cr	474,995,164 ↑ 12,641,486
Net Current Assets Net Current Assets \| -	1%	-₹23 Cr
Treps - Tri-Party Repo CBLO/Reverse Repo \| -	0%	₹14 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.