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ICICI Prudential Gold ETF FOF

FoF Domestic · ICICI Prudential Asset Management Company Limited

In plain words

Among the 470 funds in its category, this one has grown money faster than most. ₹1 lakh invested 5 years ago would be about ₹3.1 lakh today. Investing ₹10,000 every month for the last 10 years would have put in ₹12.1 lakh and grown it to about ₹36.9 lakh. Be warned: in its worst stretch, ₹1 lakh briefly shrank to about ₹75,720. Expect meaningful ups and downs on the way.

New to fund research? Start with the 5-minute guide. The detailed numbers below back all of this up.
ICICI Prudential Gold ETF FOF is RS 84/99 in its category right now. See the RS line plotted against its benchmark, live, and the day it crossed.
See the RS line free →

ICICI Prudential Gold ETF FOF is a FoF Domestic fund from ICICI Prudential Asset Management Company Limited. It has a track record of about 13.7 years. As of the latest data it carries an RS rating of 84/99 (its recent momentum versus category peers) and a King Score of 67/100 (a long-term quality composite). The current NAV is ₹48.31 (as of 2026-09-16).

At a glance. Long-term quality (King Score): 67/100 · Current momentum (RS): 84/99 · 5-year CAGR: 25.27% · Worst-ever fall: -24.28%
84RS rating
67King Score
35.66%3Y CAGR
25.27%5Y CAGR
-24.28%Max drawdown
1.35Sharpe 3Y
0.65%Expense
6855AUM ₹Cr

Growth of ₹100 - last 5 years

2021-092026-08
What ₹100 invested 5 years ago would be worth today, from actual NAV history.

ICICI Prudential Gold ETF FOF returns: last 1, 3, 5 and 10 years

PeriodThis fundCategory average
1 month-0.15%-1.68%
3 months0.48%-0.37%
6 months-2.38%2.56%
1 year37.02%18.46%
3 years (CAGR)35.66%18.94%
5 years (CAGR)25.27%13.11%
10 years (CAGR)15.96%11.69%

The last 10 years return of ICICI Prudential Gold ETF FOF works out to 15.96% a year (CAGR) - ₹1 lakh invested 10 years ago would be about ₹4.4 lakh today. The last 5 years return is 25.27% a year (₹1 lakh → ₹3.1 lakh), and the last 3 years return is 35.66% - ahead of its category's 18.94% average by 16.7 points. Its trailing one-year return is 37.02%. Trailing returns flatter or disappoint depending on the end date you pick - the year-by-year and rolling-return sections below are a fairer read.

Year-by-year returns

YearICICI Prudential Gold Benchmark
2018+7.8%-3.4%
2019+23.1%+7.7%
2020+26.9%+16.7%
2021-5.0%+30.2%
2022+13.0%+3.0%
2023+13.8%+25.8%
2024+19.7%+15.2%
2025+72.5%+6.7%
2026+13.2%-5.8%

ICICI Prudential Gold ETF FOF beat its benchmark in 7 of the last 9 calendar years. That is a strong hit-rate - most active funds fail to clear their index this often. Consistency against the benchmark matters more than any single great year.

Calendar-year returns show how bumpy the ride really was - an average hides the good years and the ugly ones.

What a monthly SIP in ICICI Prudential Gold ETF FOF would have made

A ₹10,000-a-month SIP, using this fund's actual NAV history. SIP returns (XIRR) differ from lumpsum CAGR because your money goes in gradually, averaging your entry price.

SIP durationYou investedIt becameXIRR
3 years₹370,000₹627,92137.42%
5 years₹610,000₹1,295,66830.59%
10 years₹1,210,000₹3,694,39621.11%

Over 10 years, ₹1,210,000 invested in monthly instalments would have grown to about ₹3,694,396 - an XIRR of 21.11%. Figures are pre-tax and assume you stayed invested throughout.

Risk & drawdowns

MeasureThis fundCategory average
Worst drawdown (lifetime)-24.28%-18.66%
Worst drawdown (3Y)-17.36%-15.66%
Volatility (1Y)36.21%23.47%
Sharpe (3Y)1.350.59
Sortino (3Y)2.551.3
Beta (3Y)-0.040.39
Alpha (3Y)29.26%12.5%
Up capture42.6%61.1%
Down capture-41.6%21.88%
Bull-market return16.3%31.51%
Bear-market return41.6%-5.21%

Timing matters more than people admit: the best possible 1-year stretch in ICICI Prudential Gold ETF FOF (starting 2025-01-28) gained 101.4%, while the worst (starting 2014-03-12) lost 17.8%. The worst peak-to-bottom fall ICICI Prudential Gold ETF FOF has ever put investors through is -24.28% - the real test of whether you'd have stayed invested. In falling markets (Nifty below its 200-day average) it has returned about 41.6% annualised, versus 16.3% in rising markets. It has captured roughly 42.6% of its benchmark's up-moves and -41.6% of its down-moves.

How ICICI Prudential Gold ETF FOF behaves when markets fall

When the market is falling (the Nifty below its 200-day average), ICICI Prudential Gold ETF FOF has historically returned about 41.6% annualised, versus roughly 16.3% when the market is rising. Its deepest fall on record is -24.28%. Right now it sits about 9.82% below its all-time high (last hit 2026-03-02). The real question isn't the average year - it's whether you could hold on through the worst one.

How ICICI Prudential Gold ETF FOF ranks in its category

Percentile versus its ~470 category peers - 100th is best-in-class, 50th is average. This is the fairest apples-to-apples read.

3-year return
88th
Drawdown resilience
32th
Consistency
44th
Risk-adjusted (Sharpe)
94th

Consistency (rolling returns)

MeasureValue
Median 3Y rolling CAGR9.88%
3Y windows positive88.9%
Worst 3Y window-7.37%
Median 5Y rolling CAGR11.71%
Median 10Y rolling CAGR9.62%

Instead of one lucky start date, rolling returns test every start date. Across all 3-year windows in its history, ICICI Prudential Gold ETF FOF returned a median of 9.88% a year, and 88.9% of those windows were positive.

Who manages ICICI Prudential Gold ETF FOF - and how good are they?

ICICI Prudential Gold ETF FOF is managed by Manish Banthia, Nishit Patel and Ashwini Bharucha. Below is each manager's complete track record - every fund they currently run, judged on the same numbers as everything else on this page - so you can see whether this fund is in strong hands or is the outlier in a weak book.

Manish Banthia's full record

Manish Banthia currently runs 21 funds, across Aggressive Hybrid Fund, Banking and PSU Fund, Corporate Bond Fund, Credit Risk Fund and more, with about ₹308,680 Cr under management. The book's average King Score is 74.8/100. Their strongest fund by King Score is ICICI Prudential Medium Term Bond Fund (90/100); ICICI Prudential Gold ETF FOF ranks #15 of 21 in their book.

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#FundRSKing3M6M1Y3Y CAGR5Y CAGR10Y CAGRSharpeRoll 3YWorst fall
1ICICI Prudential Medium Term Bond Fund96901.9%4.0%7.6%8.4%7.3%7.9%1.448.3%-5.1%
2ICICI Prudential All Seasons Bond Fund83891.3%2.8%5.6%7.6%7.0%8.0%0.69.0%-3.6%
3ICICI Prudential Equity & Debt Fund5689-0.3%2.2%-0.2%12.4%14.2%15.0%0.5618.3%-30.7%
4ICICI Prudential Corporate Bond Fund92881.3%2.9%5.9%7.4%6.7%7.4%0.818.0%-2.0%
5ICICI Prudential Banking and PSU Debt Fund87871.2%2.9%5.7%7.2%6.6%7.3%0.628.0%-2.9%
6ICICI Prudential Credit Risk Fund88862.2%4.4%8.5%9.1%8.0%8.4%2.028.8%-2.9%
7ICICI Prudential Gilt Fund81851.0%2.3%4.5%6.9%6.4%7.5%0.158.5%-12.3%
8ICICI Prudential Short Term Fund97831.4%3.1%6.3%7.8%7.1%7.8%1.238.4%-3.4%
9ICICI Prudential Business Cycle Fund980-4.1%0.0%-3.8%13.4%15.0%n/a0.523.7%-14.4%
10ICICI Prudential Balanced Advantage Fund87790.9%4.5%3.2%10.6%10.5%11.2%0.5512.8%-27.0%
11ICICI Prudential Money Market Fund84791.9%3.5%6.6%7.4%6.7%6.7%1.517.4%-1.2%
12ICICI Prudential Ultra Short Term Fund87761.8%3.5%6.8%7.4%6.8%7.2%1.687.8%-7.5%
13ICICI Prudential Passive Multi-Asset Fund of Funds62720.6%4.5%7.1%12.7%n/an/a0.8615.2%-7.2%
14ICICI Prudential Long Term Bond Fund81700.7%1.6%2.6%6.4%5.2%6.8%-0.038.4%-12.0%
15ICICI Prudential Gold ETF FOF (this page)84670.5%-2.4%37.0%35.7%25.3%16.0%1.359.9%-24.3%
16ICICI Prudential Silver ETF FOF9365-8.4%-9.1%75.4%45.1%n/an/a0.9933.5%-38.6%
17ICICI Prudential Income plus Arbitrage Omni FOF61641.5%3.1%6.3%8.9%9.6%9.3%0.989.8%-14.0%
18ICICI Prudential Equity Savings Fund64581.1%1.8%2.5%6.7%7.4%7.9%0.078.8%-19.2%
19ICICI Prudential Diversified Debt Strategy Active FOF49571.4%2.8%5.5%7.2%6.4%7.2%0.478.1%-4.6%
20ICICI Prudential Dynamic Asset Allocation Active FOF2457-0.3%3.7%1.7%10.2%10.7%12.1%0.5513.8%-26.4%
21ICICI Prudential Aggressive Hybrid Active FOF32491.1%6.0%-1.1%12.7%13.1%15.2%0.5718.7%-35.7%

Nishit Patel's full record

Nishit Patel currently runs 26 funds, across FoF Domestic, Index Funds, with about ₹45,455 Cr under management. The book's average King Score is 49.2/100. Their strongest fund by King Score is ICICI Prudential Nifty Pharma Index Fund (76/100); ICICI Prudential Gold ETF FOF ranks #3 of 26 in their book.

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#FundRSKing3M6M1Y3Y CAGR5Y CAGR10Y CAGRSharpeRoll 3YWorst fall
1ICICI Prudential Nifty Pharma Index Fund98768.1%15.8%17.2%18.9%n/an/a0.7822.2%-16.6%
2ICICI Prudential Passive Multi-Asset Fund of Funds62720.6%4.5%7.1%12.7%n/an/a0.8615.2%-7.2%
3ICICI Prudential Gold ETF FOF (this page)84670.5%-2.4%37.0%35.7%25.3%16.0%1.359.9%-24.3%
4ICICI Prudential Silver ETF FOF9365-8.4%-9.1%75.4%45.1%n/an/a0.9933.5%-38.6%
5ICICI Prudential Nifty Midcap 150 Index Fund8365-0.8%10.1%4.1%13.9%n/an/a0.4222.4%-21.1%
6ICICI Prudential Nifty Auto Index Fund61640.2%7.9%0.8%18.4%n/an/a0.5527.3%-28.3%
7ICICI Prudential Nifty50 Equal Weight Index Fund3561-1.9%2.9%-1.0%10.3%n/an/a0.2617.1%-18.1%
8ICICI Prudential Nifty Next 50 Index Fund6056-1.6%8.6%3.6%15.5%10.5%12.4%0.4616.5%-41.1%
9ICICI Prudential Nifty Bank Index Fund4654-1.1%3.1%3.1%7.3%n/an/a0.0612.5%-17.8%
10ICICI Prudential Nifty Smallcap 250 Index Fund95513.5%20.1%4.2%13.2%n/an/a0.3420.5%-26.9%
11ICICI Prudential BHARAT 22 FOF243-6.6%-6.0%2.4%14.2%20.2%n/a0.427.5%-44.0%
12ICICI Prudential Nifty 200 Momentum 30 Index Fund2242-4.3%2.7%-3.5%9.0%n/an/a0.1216.6%-31.8%
13ICICI Prudential Nifty 100 Low Volatility 30 ETF FOF737-1.4%1.3%-6.3%8.5%7.9%n/a0.1516.2%-18.3%
14ICICI Prudential BSE 500 ETF FOF1436-1.1%4.8%-2.2%8.6%n/an/a0.1514.8%-19.4%
15ICICI Prudential Nifty Alpha Low - Volatility 30 ETF FOF16340.3%3.3%-2.5%9.6%n/an/a0.216.2%-25.1%
16ICICI Prudential Nifty 50 Index Fund1830-2.2%-0.8%-6.8%5.7%6.6%11.1%-0.0513.2%-38.2%
17ICICI Prudential BSE Sensex Index Fund1024-2.0%-1.6%-8.5%4.0%5.7%n/a-0.1614.8%-37.3%
18ICICI Prudential Nifty IT Index Fund2593.8%1.9%-18.0%-2.8%n/an/a-0.377.6%-39.6%
19ICICI Prudential Nifty EV & New Age Automotive ETF FOF67n/a1.6%14.2%0.2%n/an/an/a0.26n/a-19.6%
20ICICI Prudential Nifty Private Bank Index Fund47n/a-1.4%5.0%2.2%n/an/an/an/an/a-16.8%
21ICICI Prudential Nifty LargeMidcap 250 Index Fund43n/a-1.4%5.4%-0.5%n/an/an/a0.05n/a-18.9%
22ICICI Prudential Nifty 500 Index Fund38n/a-1.2%4.3%-2.5%n/an/an/a-0.35n/a-14.8%
23ICICI Prudential Nifty200 Value 30 Index Fund35n/a-6.2%-2.0%12.6%n/an/an/a-0.1n/a-18.4%
24ICICI Prudential Nifty200 Quality 30 Index Fund29n/a-1.4%3.3%-6.7%n/an/an/a-0.69n/a-15.2%
25ICICI Prudential Nifty Top 15 Equal Weight Index Fund5n/a-3.4%-1.7%-9.5%n/an/an/an/an/a-17.5%
26ICICI Prudential Nifty50 Value 20 Index Fund2n/a-4.5%-4.1%-9.6%n/an/an/a-0.49n/a-19.6%

Ashwini Bharucha's full record

Ashwini Bharucha currently runs 25 funds, across FoF Domestic, Index Funds, with about ₹43,958 Cr under management. The book's average King Score is 47.9/100. Their strongest fund by King Score is ICICI Prudential Nifty Pharma Index Fund (76/100); ICICI Prudential Gold ETF FOF ranks #2 of 25 in their book.

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#FundRSKing3M6M1Y3Y CAGR5Y CAGR10Y CAGRSharpeRoll 3YWorst fall
1ICICI Prudential Nifty Pharma Index Fund98768.1%15.8%17.2%18.9%n/an/a0.7822.2%-16.6%
2ICICI Prudential Gold ETF FOF (this page)84670.5%-2.4%37.0%35.7%25.3%16.0%1.359.9%-24.3%
3ICICI Prudential Silver ETF FOF9365-8.4%-9.1%75.4%45.1%n/an/a0.9933.5%-38.6%
4ICICI Prudential Nifty Midcap 150 Index Fund8365-0.8%10.1%4.1%13.9%n/an/a0.4222.4%-21.1%
5ICICI Prudential Nifty Auto Index Fund61640.2%7.9%0.8%18.4%n/an/a0.5527.3%-28.3%
6ICICI Prudential Nifty50 Equal Weight Index Fund3561-1.9%2.9%-1.0%10.3%n/an/a0.2617.1%-18.1%
7ICICI Prudential Nifty Next 50 Index Fund6056-1.6%8.6%3.6%15.5%10.5%12.4%0.4616.5%-41.1%
8ICICI Prudential Nifty Bank Index Fund4654-1.1%3.1%3.1%7.3%n/an/a0.0612.5%-17.8%
9ICICI Prudential Nifty Smallcap 250 Index Fund95513.5%20.1%4.2%13.2%n/an/a0.3420.5%-26.9%
10ICICI Prudential BHARAT 22 FOF243-6.6%-6.0%2.4%14.2%20.2%n/a0.427.5%-44.0%
11ICICI Prudential Nifty 200 Momentum 30 Index Fund2242-4.3%2.7%-3.5%9.0%n/an/a0.1216.6%-31.8%
12ICICI Prudential Nifty 100 Low Volatility 30 ETF FOF737-1.4%1.3%-6.3%8.5%7.9%n/a0.1516.2%-18.3%
13ICICI Prudential BSE 500 ETF FOF1436-1.1%4.8%-2.2%8.6%n/an/a0.1514.8%-19.4%
14ICICI Prudential Nifty Alpha Low - Volatility 30 ETF FOF16340.3%3.3%-2.5%9.6%n/an/a0.216.2%-25.1%
15ICICI Prudential Nifty 50 Index Fund1830-2.2%-0.8%-6.8%5.7%6.6%11.1%-0.0513.2%-38.2%
16ICICI Prudential BSE Sensex Index Fund1024-2.0%-1.6%-8.5%4.0%5.7%n/a-0.1614.8%-37.3%
17ICICI Prudential Nifty IT Index Fund2593.8%1.9%-18.0%-2.8%n/an/a-0.377.6%-39.6%
18ICICI Prudential Nifty EV & New Age Automotive ETF FOF67n/a1.6%14.2%0.2%n/an/an/a0.26n/a-19.6%
19ICICI Prudential Nifty Private Bank Index Fund47n/a-1.4%5.0%2.2%n/an/an/an/an/a-16.8%
20ICICI Prudential Nifty LargeMidcap 250 Index Fund43n/a-1.4%5.4%-0.5%n/an/an/a0.05n/a-18.9%
21ICICI Prudential Nifty 500 Index Fund38n/a-1.2%4.3%-2.5%n/an/an/a-0.35n/a-14.8%
22ICICI Prudential Nifty200 Value 30 Index Fund35n/a-6.2%-2.0%12.6%n/an/an/a-0.1n/a-18.4%
23ICICI Prudential Nifty200 Quality 30 Index Fund29n/a-1.4%3.3%-6.7%n/an/an/a-0.69n/a-15.2%
24ICICI Prudential Nifty Top 15 Equal Weight Index Fund5n/a-3.4%-1.7%-9.5%n/an/an/an/an/a-17.5%
25ICICI Prudential Nifty50 Value 20 Index Fund2n/a-4.5%-4.1%-9.6%n/an/an/a-0.49n/a-19.6%

A caveat worth keeping: funds often have co-managers, and results belong to the whole team and process rather than one person. A manager's book tells you about their range and consistency, not a guarantee of skill.

Cost & fund basics

DetailValue
Expense ratio (Direct)0.65%
Exit load≈1% if redeemed within 1 year (typical)
Minimum investment₹100
Fund size (AUM)₹6,855 Cr
Age13.7 years
Plan / OptionDirect · Growth
BenchmarkNIFTY500

How ICICI Prudential Gold ETF FOF compares to peers

FundRSKing3Y CAGR
UTI Gold ETF Fund of Fund888236.0%
Motilal Oswal Gold and Silver Passive Fund of Funds(Direct )887837.9%
LIC MF Gold ETF Fund of Fund747835.5%
Edelweiss Gold and Silver ETF FOF887740.5%
Nippon India Multi - Asset Omni FoF637615.7%
Axis Silver Fund of Fund947345.3%
Compare side by side. Chart ICICI Prudential Gold ETF FOF against these peers on one screen - rebased returns, drawdowns, rolling windows and stock-level overlap.
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Overlap warning: funds in the same category often own many of the same stocks - holding several rarely adds the diversification people expect.

What these numbers mean

RS rating (1-99) ranks a fund's recent momentum against its category - higher is stronger right now. King Score (0-100) is a long-term quality composite (returns, consistency, drawdown, risk-adjusted return) versus peers. Max drawdown is the worst peak-to-bottom fall the fund has ever experienced. Rolling returns test every possible start date, so one lucky (or unlucky) entry point can't distort the picture. Every formula behind this page is public - see how we calculate every number.

ICICI Prudential Gold ETF FOF review: the bottom line

On the data, its strengths are leading current momentum (RS 84), a low expense ratio (0.65%). Whether it fits you depends on your goals, horizon and risk appetite - this page describes the fund, it does not recommend it.

Related

Frequently asked questions

Is ICICI Prudential Gold ETF FOF a good mutual fund?

That depends on your goals and risk tolerance - this is descriptive research, not advice. On the numbers, ICICI Prudential Gold ETF FOF scores 67/100 on our King Score and RS 84/99 within its category, has compounded 35.66% a year over three years, and its worst drawdown was -24.28%. Compare those against your needs and the peer table above.

What is the NAV of ICICI Prudential Gold ETF FOF today?

The latest NAV is ₹48.31 (as of 2026-09-16). NAV (net asset value) is the per-unit price of the fund, published every business day by the AMC.

What is the last 10 years return of ICICI Prudential Gold ETF FOF?

Over the last 10 years ICICI Prudential Gold ETF FOF has returned about 15.96% a year (CAGR). In rupees: ₹1 lakh invested 10 years ago would be roughly ₹4.4 lakh today, before tax. See the year-by-year table above for how uneven the ride was.

What is the expense ratio of ICICI Prudential Gold ETF FOF?

The Direct-plan expense ratio is 0.65% a year. The Direct plan is cheaper than the Regular plan because it carries no distributor commission - over decades that gap compounds meaningfully.

Who is the fund manager of ICICI Prudential Gold ETF FOF?

ICICI Prudential Gold ETF FOF is managed by Manish Banthia; Nishit Patel; Ashwini Bharucha; Venus Ahuja.

Is ICICI Prudential Gold ETF FOF safe? How risky is it?

No market-linked fund is 'safe' in the fixed-deposit sense - the honest question is how deep its falls get. Its worst historical drawdown was -24.28% - ₹1 lakh briefly becoming about ₹75,720. As a gold & silver fund, its risk profile is typical of that category. Look at the drawdown, volatility and bear-market figures above and ask whether you could stay invested through the bad stretches.

Is ICICI Prudential Gold ETF FOF good for SIP?

We can't tell you what to do, but here is what actually happened: a ₹10,000 monthly SIP over the last 10 years grew ₹12.1 lakh into about ₹36.9 lakh (XIRR 21.11%). SIPs average your entry price, which helps most in funds that swing hard - check the crash-behaviour section above to see how it treats investors in bad markets.

What are the SIP returns of ICICI Prudential Gold ETF FOF?

A ₹10,000/month SIP over 10 years would have grown to about ₹3,694,396 (an XIRR of 21.11%) on ₹1,210,000 invested, using the fund's actual NAV history. See the SIP table above for other durations.

How does ICICI Prudential Gold ETF FOF rank among similar funds?

On 3-year returns it sits around the 88th percentile of its category, and its consistency ranks 44th percentile. 100th is best-in-class, 50th is average. See the category-ranking section above.

Is ICICI Prudential Gold ETF FOF tax-efficient / what about capital gains?

As a gold & silver fund, gains follow the rules for its asset class - equity-oriented funds are taxed differently from debt. All returns on this page are pre-tax; your actual post-tax return depends on your holding period and slab. This is descriptive information, not tax advice.

Direct or Regular plan - which is shown here?

All figures on this page are for the Direct-Growth plan (no distributor commission, lower cost). Returns are pre-tax; capital-gains tax depends on your own holding period and slab.

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Data: AMFI NAV history, NSE indices, BSE StAR and monthly disclosures. All figures are pre-tax. Descriptive research and education only - nothing here is investment advice or a recommendation to buy, sell or hold any fund. Past performance does not guarantee future returns.

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