Top 10 Best Performing Gold Funds for the year 2024

Table of Contents

Top 5 Best Performing Gold Funds for the year 2024

Updated on March 24, 2025 , 796 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.

Ready to Invest?
Talk to our investment specialist

Best Performing Gold Funds for the year 2024

Fund	NAV	Net Assets (Cr)	2023 (%)	2022 (%)	2021 (%)	2020 (%)	2019 (%)
SBI Gold Fund Growth	₹25.8705 ↓ -0.01	₹3,225	19.6	14.1	12.6	-5.7	27.4
ICICI Prudential Regular Gold Savings Fund Growth	₹27.377 ↓ 0.00	₹1,741	19.5	13.5	12.7	-5.4	26.6
Axis Gold Fund Growth	₹25.8791 ↑ 0.05	₹869	19.2	14.7	12.5	-4.7	26.9
Nippon India Gold Savings Fund Growth	₹33.8584 ↑ 0.01	₹2,623	19	14.3	12.3	-5.5	26.6
HDFC Gold Fund Growth	₹26.4324 ↓ -0.05	₹3,303	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 26 Mar 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 7.3% 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 (26 Mar 25)	₹25.8705 ↓ -0.01 (-0.03 %)
Net Assets (Cr)	₹3,225 on 28 Feb 25
Category	Gold - Gold
AMC	SBI Funds Management Private Limited
Rating	☆☆
Risk	Moderately High
Expense Ratio	0.29
Sharpe Ratio	1.72
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
29 Feb 20	₹10,000
28 Feb 21	₹10,751
28 Feb 22	₹11,566
28 Feb 23	₹12,636
29 Feb 24	₹13,999
28 Feb 25	₹18,912

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 26 Mar 25

Duration	Returns
1 Month	0.7%
3 Month	14.4%
6 Month	14.5%
1 Year	30.3%
3 Year	17.9%
5 Year	13.5%
10 Year
15 Year
Since launch	7.3%

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	12.17 Yr.

Data below for SBI Gold Fund as on 28 Feb 25

Asset Allocation

Asset Class	Value
Cash	1.59%
Other	98.41%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
SBI Gold ETF - \| -	100%	₹2,921 Cr	410,544,211 ↑ 18,966,225
Net Receivable / Payable CBLO \| -	0%	-₹12 Cr
Treps CBLO/Reverse Repo \| -	0%	₹11 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 7.8% 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 (26 Mar 25)	₹27.377 ↓ 0.00 (0.00 %)
Net Assets (Cr)	₹1,741 on 28 Feb 25
Category	Gold - Gold
AMC	ICICI Prudential Asset Management Company Limited
Rating	☆
Risk	Moderately High
Expense Ratio	0.4
Sharpe Ratio	1.71
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
29 Feb 20	₹10,000
28 Feb 21	₹10,746
28 Feb 22	₹11,584
28 Feb 23	₹12,555
29 Feb 24	₹13,925
28 Feb 25	₹18,820

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 26 Mar 25

Duration	Returns
1 Month	0.7%
3 Month	14.5%
6 Month	14.7%
1 Year	29.7%
3 Year	17.6%
5 Year	14.6%
10 Year
15 Year
Since launch	7.8%

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	12.43 Yr.
Nishit Patel	29 Dec 20	4.17 Yr.

Data below for ICICI Prudential Regular Gold Savings Fund as on 28 Feb 25

Asset Allocation

Asset Class	Value
Cash	2.01%
Other	97.99%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Pru Gold ETF - \| -	100%	₹1,570 Cr	220,240,056 ↑ 10,646,462
Treps CBLO/Reverse Repo \| -	1%	₹9 Cr
Net Current Assets Net Current Assets \| -	0%	-₹3 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 7.3% 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 (26 Mar 25)	₹25.8791 ↑ 0.05 (0.19 %)
Net Assets (Cr)	₹869 on 28 Feb 25
Category	Gold - Gold
AMC	Axis Asset Management Company Limited
Rating	☆
Risk	Moderately High
Expense Ratio	0.24
Sharpe Ratio	1.68
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
29 Feb 20	₹10,000
28 Feb 21	₹10,865
28 Feb 22	₹11,706
28 Feb 23	₹12,770
29 Feb 24	₹14,203
28 Feb 25	₹19,006

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 26 Mar 25

Duration	Returns
1 Month	0.7%
3 Month	14.5%
6 Month	14.8%
1 Year	30%
3 Year	18.1%
5 Year	14.8%
10 Year
15 Year
Since launch	7.3%

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	3.31 Yr.
Pratik Tibrewal	1 Feb 25	0.08 Yr.

Data below for Axis Gold Fund as on 28 Feb 25

Asset Allocation

Asset Class	Value
Cash	4.46%
Other	95.54%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Axis Gold ETF - \| -	97%	₹770 Cr	110,847,892 ↑ 3,416,950
Clearing Corporation Of India Ltd CBLO/Reverse Repo \| -	3%	₹25 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 9.1% 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 (26 Mar 25)	₹33.8584 ↑ 0.01 (0.03 %)
Net Assets (Cr)	₹2,623 on 28 Feb 25
Category	Gold - Gold
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆
Risk	Moderately High
Expense Ratio	0.34
Sharpe Ratio	1.68
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
29 Feb 20	₹10,000
28 Feb 21	₹10,742
28 Feb 22	₹11,583
28 Feb 23	₹12,552
29 Feb 24	₹13,928
28 Feb 25	₹18,694

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 26 Mar 25

Duration	Returns
1 Month	0.7%
3 Month	14.3%
6 Month	14.7%
1 Year	29.6%
3 Year	17.4%
5 Year	14.4%
10 Year
15 Year
Since launch	9.1%

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	1.19 Yr.

Data below for Nippon India Gold Savings Fund as on 28 Feb 25

Asset Allocation

Asset Class	Value
Cash	1.49%
Other	98.51%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Nippon India ETF Gold BeES - \| -	100%	₹2,440 Cr	353,229,792 ↑ 9,506,000
Net Current Assets Net Current Assets \| -	0%	-₹8 Cr
Triparty Repo CBLO/Reverse Repo \| -	0%	₹7 Cr
Cash Margin - Ccil CBLO \| -	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 (26 Mar 25)	₹26.4324 ↓ -0.05 (-0.20 %)
Net Assets (Cr)	₹3,303 on 28 Feb 25
Category	Gold - Gold
AMC	HDFC Asset Management Company Limited
Rating	☆
Risk	Moderately High
Expense Ratio	0.49
Sharpe Ratio	1.71
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
29 Feb 20	₹10,000
28 Feb 21	₹10,825
28 Feb 22	₹11,660
28 Feb 23	₹12,652
29 Feb 24	₹14,001
28 Feb 25	₹18,814

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 26 Mar 25

Duration	Returns
1 Month	0.6%
3 Month	14.6%
6 Month	14.5%
1 Year	29.7%
3 Year	17.5%
5 Year	13.5%
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	2.04 Yr.
Nirman Morakhia	15 Feb 23	2.04 Yr.

Data below for HDFC Gold Fund as on 28 Feb 25

Asset Allocation

Asset Class	Value
Cash	1.73%
Other	98.27%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Gold ETF - \| -	100%	₹3,060 Cr	431,026,280 ↑ 12,600,000
Net Current Assets Net Current Assets \| -	0%	-₹4 Cr
Treps - Tri-Party Repo CBLO/Reverse Repo \| -	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.