Best Gold & Silver Funds in India (2026)
Live · updated 2026-09-16 Ranked by data, refreshed from daily NAVs
Every gold and silver fund we track, ranked by long-term quality. Precious-metal funds hedge equity but bring their own swings. This page is recomputed from NAV data every day, so it cannot go stale, and every fund on it links to a full research page with returns, risk, SIP outcomes, holdings and manager track record.
Gold and silver funds give you precious-metal exposure through a mutual fund wrapper - no lockers, no purity worries, no making charges. Most are funds-of-funds feeding into gold or silver ETFs, and they are bought and sold like any other scheme, in rupees, at NAV.
Gold's role in a portfolio is insurance more than growth: it tends to hold value when equity markets crack, which is exactly when you need something in the portfolio not falling. But it pays no dividend and earns no profits, so long stretches of flat returns are normal. Silver adds an industrial-demand kicker and swings harder in both directions. Treat the ranking below as choosing the best vehicle for an allocation you have already decided on, not as a reason to allocate.
Tap any column heading to sort. Every fund name links to its full review.
| # | Fund | RS | King | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | Sharpe | Roll 3Y | Worst fall |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | UTI Gold ETF Fund of Fund | 88 | 82 | 0.8% | -2.2% | 37.2% | 36.0% | n/a | n/a | 1.44 | 34.3% | -16.8% |
| 2 | Motilal Oswal Gold and Silver Passive Fund of Funds(Direct ) | 88 | 78 | -2.8% | -4.6% | 46.6% | 37.9% | n/a | n/a | 1.3 | 37.6% | -22.4% |
| 3 | LIC MF Gold ETF Fund of Fund | 74 | 78 | 0.1% | -2.6% | 35.7% | 35.5% | n/a | n/a | 1.23 | n/a | -17.1% |
| 4 | Edelweiss Gold and Silver ETF FOF | 88 | 77 | -5.3% | -7.1% | 59.3% | 40.5% | n/a | n/a | 1.23 | 40.9% | -23.9% |
| 5 | Axis Silver Fund of Fund | 94 | 73 | -8.6% | -9.0% | 76.0% | 45.3% | n/a | n/a | 1.03 | 46.4% | -35.3% |
| 6 | Kotak Silver ETF Fund of Fund | 96 | 72 | -8.4% | -9.1% | 76.5% | 45.2% | n/a | n/a | 0.87 | 47.2% | -35.7% |
| 7 | HDFC Silver ETF Fund of Fund | 94 | 70 | -8.6% | -8.0% | 74.9% | 45.1% | n/a | n/a | 0.96 | 47.1% | -39.1% |
| 8 | HDFC Gold ETF Fund of Fund | 86 | 67 | 0.7% | -2.3% | 36.8% | 35.5% | 25.2% | 16.1% | 1.36 | 10.2% | -23.6% |
| 9 | ICICI Prudential Gold ETF FOF | 84 | 67 | 0.5% | -2.4% | 37.0% | 35.7% | 25.3% | 16.0% | 1.35 | 9.9% | -24.3% |
| 10 | Aditya Birla Sun Life Silver ETF FOF | 90 | 66 | -8.4% | -7.8% | 75.0% | 44.9% | n/a | n/a | 0.98 | 33.2% | -36.0% |
| 11 | Nippon India Silver ETF FOF | 95 | 66 | -8.5% | -8.0% | 74.9% | 44.8% | n/a | n/a | 0.98 | 33.9% | -35.9% |
| 12 | SBI Gold Fund | 83 | 66 | 0.5% | -2.6% | 37.0% | 35.7% | 25.3% | 16.1% | 1.33 | 10.3% | -25.0% |
| 13 | Nippon India Gold Savings Fund | 83 | 66 | 0.6% | -2.4% | 36.7% | 35.4% | 25.1% | 15.9% | 1.47 | 10.0% | -24.7% |
| 14 | UTI Silver ETF Fund of Fund | 96 | 66 | -8.5% | -7.7% | 75.4% | 45.3% | n/a | n/a | 1.04 | 47.9% | -35.9% |
| 15 | ICICI Prudential Silver ETF FOF | 93 | 65 | -8.4% | -9.1% | 75.4% | 45.1% | n/a | n/a | 0.99 | 33.5% | -38.6% |
The category returns: 1 month to 10 years𝕏 Share this statWhatsApp
Over the last 1 year, the category averaged 52.0% - the best, Kotak Silver ETF Fund of Fund, returned 76.5% while the weakest managed 35.7%. That spread is why picking within the category matters. Over 10 years the average compounding rate is 16.1% a year, which turned ₹1 lakh into about ₹445,000.
| Period | Average | Median | Best fund | Weakest |
|---|---|---|---|---|
| 1 month | -0.4% | -0.2% | DSP World Gold Mining Overseas Equity Omni FoF (4.5%) | -2.1% |
| 3 months | -2.5% | 0.4% | DSP World Gold Mining Overseas Equity Omni FoF (9.7%) | -8.6% |
| 6 months | -4.5% | -2.6% | DSP World Gold Mining Overseas Equity Omni FoF (3.2%) | -9.1% |
| 1 year | 52.0% | 37.2% | Kotak Silver ETF Fund of Fund (76.5%) | 35.7% |
| 3 years (CAGR) | 40.1% | 36.0% | DSP World Gold Mining Overseas Equity Omni FoF (56.0%) | 35.2% |
| 5 years (CAGR) | 25.7% | 25.2% | DSP World Gold Mining Overseas Equity Omni FoF (29.9%) | 24.9% |
| 10 years (CAGR) | 16.1% | 16.0% | DSP World Gold Mining Overseas Equity Omni FoF (16.4%) | 15.9% |
Averages across every qualifying fund, refreshed daily. Best-fund links open that fund's full review.
What ₹1 lakh became
The same returns, translated into money - at the average pace and at the best fund's pace:
| Held for | Average pace | ₹1 lakh → (average) | ₹1 lakh → (best fund) |
|---|---|---|---|
| 1 year | 52.0% a year | ₹152,000 | ₹176,500 |
| 3 years | 40.1% a year | ₹275,000 | ₹379,600 |
| 5 years | 25.7% a year | ₹313,800 | ₹369,900 |
| 10 years | 16.1% a year | ₹445,000 | ₹456,600 |
Pre-tax, from historical returns. The averages smooth over a very bumpy ride - see the worst-fall column in the ranking above for what the journey involved.
The category by the numbers
| Funds that qualify | 21 |
| Combined assets | ₹86,304 Cr |
| Average 3-year return | 40.1% a year (best 56.0%, weakest 35.2%) |
| Average 5-year return | 25.7% a year |
| Average worst-ever fall | -33.1% (deepest: -98.4%) |
| Average expense ratio (Direct) | 0.43% |
| Largest fund by assets | SBI Gold Fund (₹16,532 Cr) |
Put the risk number in rupees: at the average worst fall of -33.1%, ₹1 lakh temporarily becomes about ₹66,900. That is the stretch every ranked fund's investors had to sit through at some point - the ranking rewards the funds that made that wait worthwhile.
Momentum check: what is hot right now
As of 2026-09-16, 8 of the 21 funds here rate RS 90 or above (top-decile recent momentum versus peers). The strongest momentum belongs to Kotak Silver ETF Fund of Fund (RS 96/99). Average return over the last 3 months: -2.5%; over 6 months: -4.5%. Momentum is a snapshot, not a ranking criterion here - but it tells you whether this corner of the market is currently in favour.
Before you pick a gold fund: four checks
- Decide your allocation first - gold is portfolio insurance, and nobody buys insurance because it topped a returns chart.
- Check the expense ratio stack: a fund-of-funds charges its own fee on top of the underlying ETF's.
- Know whether you are buying gold, silver or both - silver swings much harder in both directions.
- Compare the fund's tracking of metal prices on its chart - wide gaps mean you are not getting the exposure you think.
Every gold and silver fund with its full NAV history in candles, its drawdowns in rupees, and a daily ranking - so an allocation decision rests on the record, not the rally in the headlines.
How to read the table
RS (1-99) is recent momentum versus category peers - 99 is the hottest right now. King (0-100) is the long-term quality composite this list is ranked by. 3M/6M are recent returns; 3Y and 5Y CAGR are annualised longer records. Sharpe is return earned per unit of volatility - higher means smoother compounding. Roll 3Y is the median of every 3-year holding period in the fund's history, the fairest single return number a fund has. Worst fall is the deepest peak-to-bottom loss ever - the number that tests whether you would have stayed invested. Missing values show as n/a, usually because the fund is too young for that measurement.
The top 10, decoded𝕏 Share this statWhatsApp
- UTI Gold ETF Fund of Fund (FoF Domestic) - King Score 82/100, RS 88/99 right now. 3-year return 36.0% a year, against a worst-ever fall of 16.8% (₹1 lakh briefly ₹83,200). Median 3-year rolling return 34.3%, sharpe 1.44.
- Motilal Oswal Gold and Silver Passive Fund of Funds(Direct ) (FoF Domestic) - King Score 78/100, RS 88/99 right now. 3-year return 37.9% a year, against a worst-ever fall of 22.4% (₹1 lakh briefly ₹77,600). Median 3-year rolling return 37.6%, sharpe 1.3.
- LIC MF Gold ETF Fund of Fund (FoF Domestic) - King Score 78/100, RS 74/99 right now. 3-year return 35.5% a year, against a worst-ever fall of 17.1% (₹1 lakh briefly ₹82,900). Sharpe 1.23.
- Edelweiss Gold and Silver ETF FOF (FoF Domestic) - King Score 77/100, RS 88/99 right now. 3-year return 40.5% a year, against a worst-ever fall of 23.9% (₹1 lakh briefly ₹76,100). Median 3-year rolling return 40.9%, sharpe 1.23.
- Axis Silver Fund of Fund (FoF Domestic) - King Score 73/100, RS 94/99 right now. 3-year return 45.3% a year, against a worst-ever fall of 35.3% (₹1 lakh briefly ₹64,700). Median 3-year rolling return 46.4%, sharpe 1.03.
- Kotak Silver ETF Fund of Fund (FoF Domestic) - King Score 72/100, RS 96/99 right now. 3-year return 45.2% a year, against a worst-ever fall of 35.7% (₹1 lakh briefly ₹64,300). Median 3-year rolling return 47.2%, sharpe 0.87.
- HDFC Silver ETF Fund of Fund (FoF Domestic) - King Score 70/100, RS 94/99 right now. 3-year return 45.1% a year, against a worst-ever fall of 39.1% (₹1 lakh briefly ₹60,900). Median 3-year rolling return 47.1%, sharpe 0.96.
- HDFC Gold ETF Fund of Fund (FoF Domestic) - King Score 67/100, RS 86/99 right now. 3-year return 35.5% a year, against a worst-ever fall of 23.6% (₹1 lakh briefly ₹76,400). 5-year pace 25.2% a year, median 3-year rolling return 10.2%, sharpe 1.36.
- ICICI Prudential Gold ETF FOF (FoF Domestic) - King Score 67/100, RS 84/99 right now. 3-year return 35.7% a year, against a worst-ever fall of 24.3% (₹1 lakh briefly ₹75,700). 5-year pace 25.3% a year, median 3-year rolling return 9.9%, sharpe 1.35.
- Aditya Birla Sun Life Silver ETF FOF (Fund of Funds Scheme (Domestic)) - King Score 66/100, RS 90/99 right now. 3-year return 44.9% a year, against a worst-ever fall of 36.0% (₹1 lakh briefly ₹64,000). Median 3-year rolling return 33.2%, sharpe 0.98.
Frequently asked questions
Which is the best gold fund right now?
On our data-driven ranking as of 2026-09-16, UTI Gold ETF Fund of Fund scores highest (King Score 82/100). That is a description of its record versus peers, not a recommendation - rankings move as NAVs update, and the right fund depends on your goals and risk tolerance.
How much gold should a portfolio hold?
We do not give allocations - but for context, common practice among Indian advisers ranges from 5% to 15% as a hedge, rebalanced yearly. The point of the allocation is that it zigs when equity zags; sizing it is a personal decision about how much insurance you want to carry.
Gold fund, gold ETF or physical gold?
Funds-of-funds (most of this list) need no demat account and automate SIPs easily, at slightly higher expense. ETFs are cheaper but need a demat account and trade at market prices. Physical gold carries making charges, storage risk and resale friction. For pure investment exposure, paper beats metal on cost and convenience.
What is the average 1-year return of gold funds right now?
As of 2026-09-16, the 21 qualifying funds averaged 52.0% over the last year (median 37.2%). The best, Kotak Silver ETF Fund of Fund, returned 76.5%; the weakest returned 35.7%. One year is weather, not climate - check the 5 and 10 year columns before drawing conclusions.
Which gold fund gave the highest return in the last 10 years?
DSP World Gold Mining Overseas Equity Omni FoF leads with 16.4% a year over 10 years - ₹1 lakh became about ₹456,600 pre-tax. The average across funds with a 10-year record is 16.1% a year. A decade-long record says a lot about the past and nothing certain about the next decade.
How is this list ranked?
Commodity (gold/silver) schemes ordered by King Score within their category. The full formulas are public - see our methodology page. No fund pays to be here and rankings cannot be bought.
Should I invest in the #1 fund on this list?
We cannot tell you that - MF Terminal is descriptive research, not investment advice. A top rank says the past record was strong versus peers. Read the fund's full page, check the drawdowns you would have to sit through, and decide against your own horizon.
More rankings
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All figures pre-tax, from AMFI NAV history. Rankings are descriptive and change with the data. Nothing here is investment advice or a recommendation to buy, sell or hold any fund. Past performance does not guarantee future returns.