List of Top Gold Mutual Funds in India (2026)
Gold has been one of the better-performing asset classes in India over the past year. As of 18th February 2026, 24-karat gold is priced at around ₹15,400 per gram, or nearly ₹1.54 lakh per 10 grams. Over the last year, domestic gold prices have risen by roughly 80%–85%. As a result, gold mutual funds that track domestic gold prices have also reflected this upward movement in their NAVs. Here, let’s take a look at the best gold mutual funds in India.
Top Gold Mutual Funds in 2026
Showing 1 - 20 of 28 results
last updated at 8:00 AM IST
| NameMFs (28)↓ | ↓Sub CategorySub Category↓ | ↓PlanPlan↓ | ↓AUMAUM↓ | ↓CAGR 5YCAGR 5Y↓ | ↓CAGR 3YCAGR 3Y↓ | ↓Absolute Returns - 1YAbsolute Ret. - 1Y↓ | ↓Expense RatioExpense Ratio↓ | ↓NAVNAV↓ | ↓VolatilityVolatility↓ | ↓Exit LoadExit Load↓ | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 1.74 1.74 | 64.05 64.05 | 41.56 41.56 | - - | |
| 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 | 0.24 0.24 | 44.55 44.55 | 30.78 30.78 | 1.00 1.00 | |
| 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 | 0.13 0.13 | 46.50 46.50 | 31.88 31.88 | 1.00 1.00 | |
| 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 | 0.44 0.44 | 39.53 39.53 | 36.41 36.41 | 1.00 1.00 | |
| 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 | 0.04 0.04 | 55.87 55.87 | 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 | 0.16 0.16 | 58.77 58.77 | 31.25 31.25 | 1.00 1.00 | |
| 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 | 0.18 0.18 | 45.52 45.52 | 32.05 32.05 | 1.00 1.00 | |
| 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 | 0.20 0.20 | 43.93 43.93 | 32.33 32.33 | 1.00 1.00 | |
| 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 | 0.13 0.13 | 58.12 58.12 | 28.71 28.71 | 1.00 1.00 | |
| 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 | 0.17 0.17 | 45.72 45.72 | 34.78 34.78 | 1.00 1.00 | |
| 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 | 0.10 0.10 | 42.16 42.16 | 34.01 34.01 | 1.00 1.00 | |
| 12. | 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 | 0.24 0.24 | 33.45 33.45 | 40.61 40.61 | 0.10 0.10 | |
| 13. | 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 | 0.13 0.13 | 30.52 30.52 | 39.13 39.13 | - - | |
| 14. | 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 | 0.17 0.17 | 28.12 28.12 | 30.05 30.05 | 1.00 1.00 | |
| 15. | DSP Gold ETF FoF DSP Gold ETF FoF | FoFs - Gold FoFs - Gold | Growth Growth | 536.32 536.32 | - - | - - | 58.06 58.06 | 0.63 0.63 | 22.97 22.97 | 31.57 31.57 | - - | |
| 16. | Tata Gold ETF FoF Tata Gold ETF FoF | FoFs - Gold FoFs - Gold | Growth Growth | 1,345.19 1,345.19 | - - | - - | 56.64 56.64 | 0.30 0.30 | 22.40 22.40 | 30.71 30.71 | 0.50 0.50 | |
| 17. | Groww Gold ETF FOF Groww Gold ETF FOF | FoFs - Gold FoFs - Gold | Growth Growth | 113.55 113.55 | - - | - - | 55.32 55.32 | 0.15 0.15 | 17.88 17.88 | 31.09 31.09 | 1.00 1.00 | |
| 18. | Mirae Asset Gold ETF FoF Mirae Asset Gold ETF FoF | FoFs - Gold FoFs - Gold | Growth Growth | 493.33 493.33 | - - | - - | 57.83 57.83 | 0.13 0.13 | 18.38 18.38 | 29.64 29.64 | 0.05 0.05 | |
| 19. | Zerodha Gold ETF FoF Zerodha Gold ETF FoF | FoFs - Gold FoFs - Gold | Growth Growth | 318.22 318.22 | - - | - - | 58.59 58.59 | 0.23 0.23 | 19.11 19.11 | 31.16 31.16 | - - | |
| 20. | Union Gold ETF FoF Union Gold ETF FoF | FoFs - Gold FoFs - Gold | Growth Growth | 173.37 173.37 | - - | - - | 56.65 56.65 | 0.29 0.29 | 16.62 16.62 | 30.38 30.38 | 1.00 1.00 |
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, Sub-category: FoFs - Gold
Selection criteria: 5Y CAGR: Highest to Lowest, Plan: Growth, Category: Commodity, Sub-category: FoFs - Gold
What are Gold Mutual Funds?
Gold mutual funds are open-ended fund of fund (FoF) schemes that invest in units of gold exchange-traded funds (ETFs). Instead of buying physical gold, these funds hold gold ETF units, which in turn track the domestic price of physical gold. They allow investors to gain exposure to gold prices without the need for a demat account or physical storage.
Overview of Gold Mutual Funds in India
DSP World Gold Mining Overseas Equity Omni FoF
This fund invests in shares of global gold mining companies through an overseas equity fund‑of‑funds. It aims to grow your investment by tapping into gold sector growth worldwide.
LIC MF Gold ETF FoF
This fund mainly invests in Gold ETFs, which track gold prices. It aims to offer returns that closely match the performance of gold and serve as a hedge against inflation.
Aditya Birla SL Gold Fund
This fund invests in securities that reflect gold price movements. It aims to provide returns linked to the performance of gold and help protect your portfolio against market volatility.
SBI Gold
This fund focuses on investing in assets tied to gold prices, such as Gold ETFs or related instruments. It aims to generate returns that align with gold price trends over time.
Quantum Gold Saving Fund
This fund invests primarily in Gold ETFs to track gold price movements. It aims to preserve wealth and offer returns linked to the performance of gold in the long term.
How to Invest in Gold Mutual Funds?
Here's how you can identify and invest in the gold mutual funds with Tickertape Mutual Fund Screener -
- Create an account on the Tickertape or log in if you already have one.
- Open Gold Mutual Funds Screener
- Filter out the best gold mutual funds based on over 50 fundamental and technical filters.
- After identifying the gold 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 mutual funds. Moreover, by connecting your portfolio, you can do a deep analysis of your portfolio and assess its performance.
Taxation on Best Gold Mutual Funds in India
Gold funds are taxed as non-equity mutual funds in India. The tax treatment depends on the holding period of the investment. Below is a snapshot of the tax treatment for gold mutual funds in India.
| Capital Gains Tax | Old Holding Period | New Holding Period | Old Tax Rate | New Tax Rate |
|---|---|---|---|---|
| Short-Term Capital Gains (STCG) | Under 36 months | Under 24 months | Taxed according to your income tax slab. | Taxed according to your income tax slab. |
| Long-Term Capital Gains (LTCG) | Over 36 months | Over 24 months | 20% | 12.5% |
Benefits of Investing in Best Gold Mutual Funds
Portfolio Diversification
Gold has historically moved differently from equity and debt markets. Including gold mutual funds in a portfolio may provide an additional asset class for diversification, though past behaviour is not a guarantee of future correlation.
No Storage or Making Charges
Physical gold involves locker charges, insurance costs, and making charges in the case of jewellery. Gold mutual funds remove these operational costs since the exposure comes through gold ETFs that hold physical gold in secure vaults.
Systematic Investment Option
Gold mutual funds allow SIP investments, which allow investors to build exposure gradually instead of timing a single large purchase. Systematic investing can help average out purchase costs across different price levels, especially in a volatile commodity like gold.
Regulated and Transparent Structure
Gold ETFs, which form the core of most gold mutual funds, hold gold of defined purity standards and disclose portfolio details regularly. SEBI regulates both ETFs and mutual funds, ensuring compliance, custody standards, and valuation norms. This structure provides operational transparency compared to informal gold buying.
Who Should Consider Gold Mutual Funds?
Investors Looking for Diversification
Investors who want to expand their portfolio beyond traditional equity and debt instruments may evaluate gold mutual funds. Gold has historically shown different return patterns compared to stocks and bonds across market cycles.
Long-Term Allocation Goals
Investors planning long-term financial allocations may analyse gold mutual funds as part of a broader strategy. Gold has gone through extended cycles of price appreciation and consolidation over decades. Evaluating its role within long-term allocation depends on individual financial objectives and risk capacity.
Short-Term Price Movements
Investors who track commodity price trends may observe gold's short-term volatility. Gold prices react to global interest rates, geopolitical developments, currency movements, and central bank activity. These factors can create short-term price swings that directly affect gold mutual fund NAVs.
Risks of Investing in Best Gold Mutual Funds
Price Volatility
Gold prices respond to global interest rates, inflation expectations, central bank buying, and geopolitical developments. Rapid shifts in these factors can cause sharp short-term price movements. Since gold mutual funds directly track gold prices, their NAV fluctuates accordingly.
Currency Impact
Domestic gold prices reflect both international gold prices and USD-INR exchange rates. Even if global gold prices rise, a strengthening rupee can reduce domestic gains. Similarly, rupee depreciation can amplify domestic returns.
Tracking Difference
Most gold mutual funds operate as Fund of Funds and invest in gold ETFs. Returns may slightly differ from actual gold price movements due to expense ratios, cash holdings, ETF premiums or discounts, and operational costs. Over long holding periods, this tracking difference can accumulate.
Dual Expense Layer
Since gold mutual funds are FoF schemes, they carry an expense ratio at the fund level in addition to the expense ratio of the underlying gold ETF. This dual cost structure can affect net returns.
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Factors to Consider Before Investing in Best Gold Mutual Funds
Fund Structure
Most gold mutual funds are structured as Fund of Funds (FoF) schemes that invest in an underlying gold ETF. This means there are two layers of expenses, one at the ETF level and another at the mutual fund level. Understanding this structure helps in evaluating the total cost of holding the fund before investing.
Expense Ratio
Since gold does not generate any income on its own, the expense ratio plays a direct role in determining net returns. A higher expense ratio reduces the returns that an investor actually receives. Comparing the total expense ratio across similar gold mutual funds can help assess cost efficiency.
Tracking Efficiency
Gold mutual funds aim to mirror the performance of their underlying gold ETF, which in turn tracks domestic gold prices. Reviewing how closely the fund's historical returns have matched domestic gold price movements over time indicates its operational efficiency.
Role in Portfolio Allocation
Gold is generally used as a diversification component within a portfolio rather than as a primary growth instrument. Investors may assess how gold exposure fits alongside their existing equity, debt, and other asset class allocations before deciding on the proportion to invest.
Taxation
Gold mutual funds are treated as non-equity mutual funds for tax purposes. Short-term capital gains, where the holding period is less than 24 months, are taxed at the investor's applicable income tax slab rate. Long-term capital gains on holdings beyond 24 months are taxed at 12.5% without the benefit of indexation, under the current tax rules.
Conclusion
Gold mutual funds offer a route for investors to gain gold price exposure through a regulated, paper-based instrument without physical storage or a demat account. However, their returns are driven by gold price movements, which depend on global macroeconomic factors, currency trends, and geopolitical developments. Investors should review the fund's objective, expense structure, and risk profile, and consult a financial advisor before investing. Tools like the Tickertape Mutual Fund Screener can help compare funds across multiple parameters to support informed decision-making.
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Frequently Asked Questions About Best Gold Mutual Funds
What are Gold Mutual Funds?
Gold mutual funds are open-ended schemes that invest primarily in gold ETFs, which in turn hold physical gold. These funds aim to track domestic gold prices. Investors gain exposure to gold without buying or storing physical metal.Which is the best gold mutual fund?
As of February 2026, some of the best goal mutual funds as per 5Y CAGR include:- DSP World Gold Mining Overseas Equity Omni FoF
- Aditya Birla SL Gold Fund
- Quantum Gold Saving Fund
- SBI Gold
- ICICI Pru Gold ETF FOF
Disclaimer: Please note that the above list of gold funds is for educational purposes only, and is not recommendatory.
How do Gold Mutual Funds generate returns?
Gold mutual funds generate returns based on changes in domestic gold prices. If gold prices rise, the fund's NAV increases accordingly, subject to expenses and tracking difference. If gold prices fall, the NAV declines. These funds do not generate income through dividends or interest.What is the difference between Gold ETFs and Gold Mutual Funds?
Gold ETFs trade on stock exchanges and require a demat account. Gold mutual funds, usually structured as Fund of Funds, invest in gold ETFs and allow investors to transact directly with the fund house without a demat account. Both aim to track domestic gold prices.Can investors invest in Gold Mutual Funds through SIP?
Yes, most gold funds allow systematic investment plans. SIPs enable gradual allocation to gold over time rather than making a single lump sum investment. This approach spreads purchases across different price levels.Disclaimer: Please note that this information is for educational purposes only, and is not recommendatory.
What risks are associated with Gold Mutual Funds?
Gold funds carry risks such as price volatility, currency impact, tracking difference, and expense ratio impact. Since gold does not generate income, returns depend entirely on price appreciation over the holding period.How can investors sell gold Mutual Funds?
Investors can sell or redeem gold mutual fund units directly through the platform where the investment was made, such as a mutual fund website, investment app, or distributor. Redemption requests are processed at the applicable NAV based on cut-off timingsIs it good to invest in gold mutual funds?
Gold mutual funds provide exposure to gold prices without the need to hold physical metal. However, returns depend entirely on gold price movements, which can be volatile. Suitability depends on individual financial goals and risk tolerance.Disclaimer: Please note that this information is for educational purposes only, and is not recommendatory.
Is there any SIP for gold?
Yes, most gold mutual funds allow investors to invest through a Systematic Investment Plan (SIP). This enables periodic investments at fixed intervals, such as monthly or quarterly. SIPs allow gradual exposure to gold prices instead of making a single lump sum investment.Which one is better, gold ETF or gold mutual fund?
Gold ETFs and gold mutual funds both aim to track domestic gold prices. Gold ETFs trade on stock exchanges and require a demat account. Gold mutual funds invest in gold ETFs and allow transactions without a demat account. The difference lies mainly in structure, cost layers, liquidity access, and transaction convenience rather than gold exposure itself.Disclaimer: Please note that this information is for educational purposes only, and is not recommendatory.
What is a Gold ETF Mutual Fund?
A Gold ETF mutual fund, commonly known as a Gold Fund of Funds (FoF), is a mutual fund scheme that invests primarily in units of a gold Exchange Traded Fund (ETF). The underlying gold ETF holds physical gold of specified purity in secured vaults and aims to track domestic gold prices.
