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 February 19, 2025 , 765 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)	2023 (%)	2022 (%)	2021 (%)	2020 (%)	2019 (%)
SBI Gold Fund Growth	₹25.4655 ↓ -0.14	₹2,920	19.6	14.1	12.6	-5.7	27.4
ICICI Prudential Regular Gold Savings Fund Growth	₹26.9275 ↓ -0.15	₹1,576	19.5	13.5	12.7	-5.4	26.6
Axis Gold Fund Growth	₹25.3658 ↓ -0.20	₹794	19.2	14.7	12.5	-4.7	26.9
Nippon India Gold Savings Fund Growth	₹33.3272 ↓ -0.19	₹2,439	19	14.3	12.3	-5.5	26.6
HDFC Gold Fund Growth	₹26.1102 ↓ -0.07	₹3,060	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 21 Feb 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 7.2% 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 (21 Feb 25)	₹25.4655 ↓ -0.14 (-0.56 %)
Net Assets (Cr)	₹2,920 on 31 Jan 25
Category	Gold - Gold
AMC	SBI Funds Management Private Limited
Rating	☆☆
Risk	Moderately High
Expense Ratio	0.29
Sharpe Ratio	1.37
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 Jan 20	₹10,000
31 Jan 21	₹11,856
31 Jan 22	₹11,416
31 Jan 23	₹13,467
31 Jan 24	₹14,776
31 Jan 25	₹19,106

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 21 Feb 25

Duration	Returns
1 Month	7.6%
3 Month	11.7%
6 Month	19.3%
1 Year	36.6%
3 Year	18.7%
5 Year	14.3%
10 Year
15 Year
Since launch	7.2%

Historical performance (Yearly) on absolute basis

Year	Returns
2023	19.6%
2022	14.1%
2021	12.6%
2020	-5.7%
2019	27.4%
2018	22.8%
2017	6.4%
2016	3.5%
2015	10%
2014	-8.1%

Fund Manager information for SBI Gold Fund

Name	Since	Tenure
Raj gandhi	1 Jan 13	12.09 Yr.

Data below for SBI Gold Fund as on 31 Jan 25

Asset Allocation

Asset Class	Value
Cash	1.51%
Other	98.49%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
SBI Gold ETF - \| -	100%	₹2,586 Cr	391,577,986 ↑ 12,031,466
Net Receivable / Payable CBLO \| -	0%	-₹12 Cr
Treps CBLO/Reverse Repo \| -	0%	₹9 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 7.7% 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 (21 Feb 25)	₹26.9275 ↓ -0.15 (-0.55 %)
Net Assets (Cr)	₹1,576 on 31 Jan 25
Category	Gold - Gold
AMC	ICICI Prudential Asset Management Company Limited
Rating	☆
Risk	Moderately High
Expense Ratio	0.4
Sharpe Ratio	1.37
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 Jan 20	₹10,000
31 Jan 21	₹11,888
31 Jan 22	₹11,504
31 Jan 23	₹13,506
31 Jan 24	₹14,739
31 Jan 25	₹19,091

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 21 Feb 25

Duration	Returns
1 Month	7.6%
3 Month	11.6%
6 Month	18.9%
1 Year	36.4%
3 Year	18.4%
5 Year	14.1%
10 Year
15 Year
Since launch	7.7%

Historical performance (Yearly) on absolute basis

Year	Returns
2023	19.5%
2022	13.5%
2021	12.7%
2020	-5.4%
2019	26.6%
2018	22.7%
2017	7.4%
2016	0.8%
2015	8.9%
2014	-5.1%

Fund Manager information for ICICI Prudential Regular Gold Savings Fund

Name	Since	Tenure
Manish Banthia	27 Sep 12	12.36 Yr.
Nishit Patel	29 Dec 20	4.1 Yr.

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

Asset Allocation

Asset Class	Value
Cash	1.72%
Other	98.28%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Pru Gold ETF - \| -	100%	₹1,384 Cr	209,593,594 ↑ 5,026,742
Treps CBLO/Reverse Repo \| -	0%	₹5 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.

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 7.2% 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 (21 Feb 25)	₹25.3658 ↓ -0.20 (-0.80 %)
Net Assets (Cr)	₹794 on 31 Jan 25
Category	Gold - Gold
AMC	Axis Asset Management Company Limited
Rating	☆
Risk	Moderately High
Expense Ratio	0.24
Sharpe Ratio	1.39
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 Jan 20	₹10,000
31 Jan 21	₹11,968
31 Jan 22	₹11,560
31 Jan 23	₹13,640
31 Jan 24	₹14,944
31 Jan 25	₹19,299

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 21 Feb 25

Duration	Returns
1 Month	7%
3 Month	11.2%
6 Month	18.6%
1 Year	35.9%
3 Year	18.5%
5 Year	14.5%
10 Year
15 Year
Since launch	7.2%

Historical performance (Yearly) on absolute basis

Year	Returns
2023	19.2%
2022	14.7%
2021	12.5%
2020	-4.7%
2019	26.9%
2018	23.1%
2017	8.3%
2016	0.7%
2015	10.7%
2014	-11.9%

Fund Manager information for Axis Gold Fund

Name	Since	Tenure
Aditya Pagaria	9 Nov 21	3.23 Yr.

Data below for Axis Gold Fund as on 31 Jan 25

Asset Allocation

Asset Class	Value
Cash	3.5%
Other	96.5%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Axis Gold ETF - \| -	98%	₹693 Cr	107,430,942 ↑ 1,331,927
Clearing Corporation Of India Ltd CBLO/Reverse Repo \| -	2%	₹15 Cr
Net Receivables / (Payables) Net Current Assets \| -	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.

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% 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 (21 Feb 25)	₹33.3272 ↓ -0.19 (-0.57 %)
Net Assets (Cr)	₹2,439 on 31 Jan 25
Category	Gold - Gold
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆
Risk	Moderately High
Expense Ratio	0.34
Sharpe Ratio	1.35
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 Jan 20	₹10,000
31 Jan 21	₹11,858
31 Jan 22	₹11,425
31 Jan 23	₹13,424
31 Jan 24	₹14,666
31 Jan 25	₹18,922

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 21 Feb 25

Duration	Returns
1 Month	7.6%
3 Month	11.5%
6 Month	19.1%
1 Year	36.4%
3 Year	18.3%
5 Year	14%
10 Year
15 Year
Since launch	9%

Historical performance (Yearly) on absolute basis

Year	Returns
2023	19%
2022	14.3%
2021	12.3%
2020	-5.5%
2019	26.6%
2018	22.5%
2017	6%
2016	1.7%
2015	11.6%
2014	-8.1%

Fund Manager information for Nippon India Gold Savings Fund

Name	Since	Tenure
Himanshu Mange	23 Dec 23	1.11 Yr.

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

Asset Allocation

Asset Class	Value
Cash	1.48%
Other	98.52%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Nippon India ETF Gold BeES - \| -	100%	₹2,203 Cr	343,723,792 ↑ 2,918,000
Triparty Repo CBLO/Reverse Repo \| -	0%	₹8 Cr
Net Current Assets Net Current Assets \| -	0%	-₹8 Cr
Cash Margin - Ccil Net Current Assets \| -	0%	₹0 Cr

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 7.5% 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 (21 Feb 25)	₹26.1102 ↓ -0.07 (-0.27 %)
Net Assets (Cr)	₹3,060 on 31 Jan 25
Category	Gold - Gold
AMC	HDFC Asset Management Company Limited
Rating	☆
Risk	Moderately High
Expense Ratio	0.49
Sharpe Ratio	1.38
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 Jan 20	₹10,000
31 Jan 21	₹11,939
31 Jan 22	₹11,511
31 Jan 23	₹13,541
31 Jan 24	₹14,744
31 Jan 25	₹19,052

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 21 Feb 25

Duration	Returns
1 Month	7.8%
3 Month	12%
6 Month	19.5%
1 Year	36.8%
3 Year	18.5%
5 Year	14.4%
10 Year
15 Year
Since launch	7.5%

Historical performance (Yearly) on absolute basis

Year	Returns
2023	18.9%
2022	14.1%
2021	12.7%
2020	-5.5%
2019	27.5%
2018	21.7%
2017	6.6%
2016	2.8%
2015	10.1%
2014	-7.3%

Fund Manager information for HDFC Gold Fund

Name	Since	Tenure
Arun Agarwal	15 Feb 23	1.96 Yr.
Nirman Morakhia	15 Feb 23	1.96 Yr.

Data below for HDFC Gold Fund as on 31 Jan 25

Asset Allocation

Asset Class	Value
Cash	1.74%
Other	98.26%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Gold ETF - \| -	100%	₹2,765 Cr	418,426,280 ↑ 9,074,716
Treps - Tri-Party Repo CBLO/Reverse Repo \| -	0%	₹3 Cr
Net Current Assets Net Current Assets \| -	0%	-₹3 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.