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Top Gold and Silver Mutual Funds (2026)

Gold and silver prices have witnessed sharp movements in recent years. In 2025–26, gold in India reached record highs, while silver recorded strong double-digit gains within short spans. Assets under management in gold and silver-linked funds also expanded, reflecting increased investor participation. Gold and silver mutual funds allow investors to participate in these price trends through a regulated structure without holding physical bullion. These schemes typically invest in metal-backed ETFs and aim to track domestic bullion prices after expenses.

Top Gold and Silver Mutual Funds in 2026

Top Gold and Silver Mutual Funds (2026)

A list of the top gold and silver mutual funds for 2026 in India, ranked by 5‑year CAGR. Get performance metrics and fund data for the precious metals sector.

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Showing 1 - 20 of 44 results

last updated at 11:00 PM IST 
NameMFs (44)↓↓Sub CategorySub Category↓↓PlanPlan↓↓AUMAUM↓↓CAGR 5YCAGR 5Y↓↓CAGR 3YCAGR 3Y↓↓Absolute Returns - 1YAbsolute Ret. - 1Y↓↓NAVNAV↓↓Expense RatioExpense Ratio↓↓Exit LoadExit Load↓↓VolatilityVolatility↓
1.DSP World Gold Mining Overseas Equity Omni FoF
DSP World Gold Mining Overseas Equity Omni FoF
FoFs - Gold
FoFs - Gold
Growth
Growth
2,190.96
2,190.96
29.19
29.19
50.18
50.18
129.90
129.90
64.05
64.05
1.74
1.74
-
-
41.64
41.64
2.SBI Gold
SBI Gold
FoFs - Gold
FoFs - Gold
Growth
Growth
15,700.39
15,700.39
25.82
25.82
33.10
33.10
58.80
58.80
44.55
44.55
0.24
0.24
1.00
1.00
30.78
30.78
3.ICICI Pru Gold ETF FOF
ICICI Pru Gold ETF FOF
FoFs - Gold
FoFs - Gold
Growth
Growth
6,534.72
6,534.72
25.59
25.59
33.06
33.06
58.15
58.15
46.50
46.50
0.13
0.13
1.00
1.00
31.99
31.99
4.LIC MF Gold ETF FoF
LIC MF Gold ETF FoF
FoFs - Gold
FoFs - Gold
Growth
Growth
795.06
795.06
25.52
25.52
32.95
32.95
55.78
55.78
39.53
39.53
0.44
0.44
1.00
1.00
36.48
36.48
5.Quantum Gold Saving Fund
Quantum Gold Saving Fund
FoFs - Gold
FoFs - Gold
Growth
Growth
512.38
512.38
25.36
25.36
33.48
33.48
58.81
58.81
55.87
55.87
0.04
0.04
-
-
31.14
31.14
6.Kotak Gold Fund
Kotak Gold Fund
FoFs - Gold
FoFs - Gold
Growth
Growth
6,866.22
6,866.22
25.35
25.35
33.04
33.04
57.95
57.95
58.77
58.77
0.16
0.16
1.00
1.00
31.25
31.25
7.HDFC Gold ETF FoF
HDFC Gold ETF FoF
FoFs - Gold
FoFs - Gold
Growth
Growth
11,766.04
11,766.04
25.29
25.29
33.18
33.18
58.32
58.32
45.52
45.52
0.18
0.18
1.00
1.00
32.05
32.05
8.Aditya Birla SL Gold Fund
Aditya Birla SL Gold Fund
FoFs - Gold
FoFs - Gold
Growth
Growth
1,781.58
1,781.58
25.18
25.18
33.43
33.43
58.44
58.44
43.93
43.93
0.20
0.20
1.00
1.00
32.40
32.40
9.Nippon India Gold Savings Fund
Nippon India Gold Savings Fund
FoFs - Gold
FoFs - Gold
Growth
Growth
7,222.59
7,222.59
25.08
25.08
32.96
32.96
57.89
57.89
58.12
58.12
0.13
0.13
1.00
1.00
28.71
28.71
10.Axis Gold Fund
Axis Gold Fund
FoFs - Gold
FoFs - Gold
Growth
Growth
2,998.08
2,998.08
24.94
24.94
32.64
32.64
56.91
56.91
45.72
45.72
0.17
0.17
1.00
1.00
34.94
34.94
11.Invesco India Gold ETF FoF
Invesco India Gold ETF FoF
FoFs - Gold
FoFs - Gold
Growth
Growth
485.97
485.97
24.79
24.79
32.36
32.36
55.94
55.94
42.16
42.16
0.10
0.10
1.00
1.00
34.01
34.01
12.Nippon India Silver ETF FOF
Nippon India Silver ETF FOF
FoFs (Domestic) - Silver
FoFs (Domestic) - Silver
Growth
Growth
4,719.87
4,719.87
-
-
44.35
44.35
120.60
120.60
34.44
34.44
0.24
0.24
1.00
1.00
53.46
53.46
13.Aditya Birla SL Silver ETF FOF
Aditya Birla SL Silver ETF FOF
FoFs (Domestic) - Silver
FoFs (Domestic) - Silver
Growth
Growth
1,431.36
1,431.36
-
-
44.53
44.53
120.92
120.92
35.11
35.11
0.30
0.30
0.50
0.50
59.63
59.63
14.ICICI Pru Silver ETF FOF
ICICI Pru Silver ETF FOF
FoFs (Domestic) - Silver
FoFs (Domestic) - Silver
Growth
Growth
7,058.51
7,058.51
-
-
44.51
44.51
121.27
121.27
34.63
34.63
0.17
0.17
1.00
1.00
56.23
56.23
15.Edelweiss Gold and Silver ETF FoF
Edelweiss Gold and Silver ETF FoF
FoFs - Gold
FoFs - Gold
Growth
Growth
2,964.79
2,964.79
-
-
40.01
40.01
93.11
93.11
33.45
33.45
0.24
0.24
0.10
0.10
40.66
40.66
16.Axis Silver FoF
Axis Silver FoF
FoFs (Domestic) - Silver
FoFs (Domestic) - Silver
Growth
Growth
1,253.35
1,253.35
-
-
45.15
45.15
120.80
120.80
38.76
38.76
0.14
0.14
0.25
0.25
57.33
57.33
17.Motilal Oswal Gold and Silver Passive FoF
Motilal Oswal Gold and Silver Passive FoF
FoFs - Gold
FoFs - Gold
Growth
Growth
2,730.16
2,730.16
-
-
36.95
36.95
77.37
77.37
30.52
30.52
0.13
0.13
-
-
39.13
39.13
18.HDFC Silver ETF FoF
HDFC Silver ETF FoF
FoFs (Domestic) - Silver
FoFs (Domestic) - Silver
Growth
Growth
4,734.74
4,734.74
-
-
44.44
44.44
120.96
120.96
37.31
37.31
0.23
0.23
1.00
1.00
62.02
62.02
19.UTI Gold ETF FoF
UTI Gold ETF FoF
FoFs - Gold
FoFs - Gold
Growth
Growth
1,322.21
1,322.21
-
-
33.86
33.86
59.14
59.14
28.12
28.12
0.17
0.17
1.00
1.00
30.05
30.05
20.Kotak Silver ETF FoF
Kotak Silver ETF FoF
FoFs (Domestic) - Silver
FoFs (Domestic) - Silver
Growth
Growth
993.19
993.19
-
-
44.38
44.38
121.59
121.59
30.10
30.10
0.24
0.24
0.50
0.50
59.44
59.44
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Analyse Gold and Silver Mutual Funds Further

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Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Mutual Fund Screener and is subject to real-time updates.

Selection criteria: 5Y CAGR: Highest to Lowest, Plan: Growth, Category: Commodity

What are Gold and Silver Mutual Funds?

Gold and silver mutual funds invest in gold- and silver-linked instruments instead of company shares. Most schemes invest in gold ETFs or silver ETFs that hold physical bullion. Gold mutual funds track domestic gold prices through ETF units. Silver mutual funds similarly track silver prices. Investors buy and redeem units at NAV through the mutual fund route. These funds remove storage, purity, and making charge concerns linked to physical metals.

Overview of the Top Gold and Silver Mutual Funds

SBI Gold (IDCW)

SBI Gold (IDCW) is an open-ended fund that invests in gold ETF units to track domestic gold prices. The IDCW option distributes surplus, if any, subject to scheme rules. Returns largely reflect gold price movement in India, after expenses and tracking differences. It avoids physical storage and purity concerns.

HDFC Gold ETF FoF

HDFC Gold ETF FoF invests in units of HDFC Gold ETF, which holds physical gold. The fund aims to mirror domestic gold price movements, subject to expenses and tracking error. Investors transact at NAV without a demat account, making it accessible through the regular mutual fund route.

ICICI Pru Silver ETF FOF

ICICI Pru Silver ETF FOF invests in units of ICICI Prudential Silver ETF, which holds physical silver. The fund tracks domestic silver prices, adjusted for expenses and tracking difference. Investors gain silver exposure without handling bullion, storage, or purity verification, through standard mutual fund transactions.

ICICI Pru Silver ETF FOF (IDCW Payout)

ICICI Pru Silver ETF FOF (IDCW Payout) follows the same structure as the regular FoF but offers the IDCW payout option. The fund invests in silver ETF units and reflects silver price movements. Any distribution depends on surplus availability and scheme policy, not guaranteed income.

Nippon India Gold Savings Fund (IDCW)

Nippon India Gold Savings Fund (IDCW) invests primarily in Nippon India Gold ETF units to track gold prices in India. The IDCW option allows distribution of surplus, subject to scheme terms. The fund provides gold exposure without physical holding, while returns align with price movements after costs.

How to Invest in Gold and Silver Mutual Funds?

Here's how you can identify and invest in the gold and silver mutual funds with Tickertape Mutual Fund Screener -

  1. Create an account on the Tickertape or log in if you already have one.
  2. Open Gold and Silver Mutual Funds Screener
  3. Filter out the best gold and silver mutual funds based on over 50 fundamental and technical filters.
  4. After identifying the gold and silver mutual fund that aligns with your investment thesis, click on "Place Order" to invest in the mutual fund.

With Tickertape Mutual Fund Screener, you can invest via 'lumpsum' or start a 'SIP' in gold and silver mutual funds. Moreover, by connecting your portfolio, you can do a deep analysis of your portfolio and assess its performance.

Taxation on Gold and Silver Mutual Funds in India

Capital gains tax depends on how long the units are held. The table below summarises the applicable rates for Gold and Silver Mutual Funds.

Holding Period Tax Treatment
Short-Term up to 24 months Gains are taxed as per the applicable income tax slab rate.
Long-Term more than 24 months Gains are taxed at 12.5% without indexation.

Benefits of Investing in Gold and Silver Mutual Funds

Strong Price Participation

Gold and silver mutual funds in India have delivered very high returns recently, with combined precious metal ETF returns around ~51% over 1 year and strong 3-year performance as well, gold ~32% and silver ~35% over 3 years. This shows the opportunity for outsized gains when commodity prices rally.

Portfolio Diversification

Silver ETF-linked funds show compelling strength in long-term SIP returns, delivering about 62% XIRR since launch, compared to gold ETFs' ~42% over the same period. This indicates that silver-linked funds can outperform in favourable cycles.

No Physical Metal Costs

Record inflows into India's gold ETFs (around $902 million in a month) pushed AUM to $10 billion, signalling strong investor confidence and good liquidity for gold-metal funds.

Easy Access Without Demat

When equity performance lagged, net inflows into gold & silver ETFs even outpaced equity funds (~₹33,000 cr vs ₹24,000 cr), showing investors using these funds to reduce portfolio risk in turbulent markets.

Risks of Investing in Gold and Silver Mutual Funds

High Price Volatility

Silver's returns show higher swings: it has delivered up to 150% in its best year but also faced drawdowns of ~29% in its worst year, making it more unpredictable than gold.

Expense Layering

Gold and silver ETFs have recently slipped up to 7% in short periods due to profit-booking and price corrections, which directly affect mutual fund NAVs since they track the metal price.

Tracking Difference

Regulators noted that gold and silver ETFs sometimes trade with wide pricing bands vs underlying metal NAVs, which could lead to mispricing risk impacting fund performance. Proposed changes seek to address this.

Commodity Cycle Sensitivity

Silver performance is influenced by industrial demand, not just investment demand, meaning economic slowdowns or sector shifts could hit returns disproportionately.

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Factors to Consider Before Investing in Gold and Silver Mutual Funds

Recent Return Patterns and Volatility

Performance across different time horizons reflects the cyclical nature of metal-linked funds. For instance, combined gold and silver returns of around 51% over one year indicate strong upward momentum. Silver has historically shown higher price volatility than gold, resulting in wider return swings.

Tracking Difference

Gold-linked funds have historically displayed relative stability during market stress, while silver exposure has often participated more strongly in expansionary phases. These differing characteristics influence how each metal behaves across economic cycles.

AUM & Liquidity

Higher assets under management and sustained ETF inflows often correspond with stronger secondary market liquidity and tighter bid-ask spreads. A larger fund size can contribute to smoother trading conditions.

Expense Ratios and Tracking Efficiency

Cost structures and replication efficiency influence realised returns. Funds that invest through ETF or fund-of-fund structures incur expense ratios, which can create a gap between metal price movements and investor outcomes over time.

Conclusion

Gold and silver mutual funds offer a structured way to gain exposure to precious metals without storage or purity concerns. These funds reflect domestic bullion price movements and fit into portfolios seeking diversification beyond equities. However, metal prices remain volatile, and returns depend on global and domestic demand trends. Investors can use the Tickertape Mutual Fund Screener to compare expense ratios, historical returns, risk metrics, and portfolio details before making allocation decisions.

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Frequently Asked Questions About Gold and Silver Mutual Funds

  1. What are gold and silver mutual funds?

    Gold and silver mutual funds are schemes that invest in gold or silver-linked instruments instead of company shares. Most of them invest in gold ETFs or silver ETFs that hold physical bullion. Their returns largely reflect domestic metal prices after adjusting for expenses and tracking differences.

  2. Which mutual fund invests in gold and silver?

    The following are the best gold and silver mutual funds as per 1-year returns:
    1. DSP World Gold Mining Overseas Equity Omni FoF
    2. SBI Silver ETF FOF(IDCW Payout)
    3. HDFC Silver ETF FoF
    4. Kotak Silver ETF FoF
    5. ICICI Pru Silver ETF FOF

    Disclaimer: This response is for informational purposes only and does not recommend any specific scheme. Investors should review official documents and risk factors before investing.

  3. Is it good to invest in gold and silver mutual funds?

    Gold and silver mutual funds provide exposure to precious metals through a regulated financial product. They can help diversify a portfolio because metal prices often move differently from equities. However, returns depend entirely on bullion price trends and can fluctuate significantly.

    Disclaimer:This response does not constitute investment advice. Suitability depends on individual goals and risk profile. Investors should assess their situation before making decisions.

  4. What are the advantages of investing in gold and silver mutual funds?

    These funds remove storage, insurance, and purity concerns linked to physical metal. Investors can transact at NAV without dealing with making charges. The structure also allows systematic investment options and easy access through standard mutual fund platforms.

  5. What are the risks of investing in gold and silver mutual funds?

    These funds carry commodity price risk. Silver can show higher volatility than gold. Expense ratios and tracking differences may reduce returns compared to spot metal prices. Global interest rates, currency movements, and industrial demand can directly affect performance.

  6. Who can consider investing in gold and silver mutual funds?

    Investors seeking diversification beyond equities may consider gold and silver mutual funds. Individuals who prefer financial exposure over physical metal and want ease of transaction through mutual fund platforms may also evaluate these schemes based on their risk profile and allocation strategy.

    Disclaimer:This response is for general awareness only. Investment suitability varies by financial needs and risk tolerance. Independent research or professional advice is recommended.

Disclaimer: This article is for informational purposes only. The content of the article including securities/investment products mentioned if any, should not in any manner be construed as an investment advice, recommendation, offer, solicitation to buy/hold/sell any securities/investment products. The securities quoted if any, are for illustration only and are not recommendatory. Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered financial advisor before investing.