Precious metals

How do I hold gold or silver?

These track a metal price, so the return is the metal’s and not the manager’s. Ranked on cost and tracking, not return.

32 funds in this group. 32 meet the eligibility criteria below.

32 funds, ranked by expense ratio

#FundCategory
1Nippon India Gold Savings Fund - Direct Plan Growth Plan - Growth OptionGoldFoF Domestic0.05%+46.77%+10.26%-24.7%₹6,854 Cr
2Quantum Gold ETF FOF - Direct Plan Growth OptionGoldFoF Domestic0.06%+47.52%+7.14%-26.4%₹499 Cr
3UTI Gold ETF Fund of Fund - Direct Plan - Growth OptionPlatinumFoF Domestic0.09%+47.43%+34.11%-23.6%₹1,347 Cr
4Axis Silver Fund of Fund- Direct Plan-Growth OptionBronzeFoF Domestic0.09%+98.05%+45.84%-46.1%₹1,148 Cr
5Mirae Asset Gold ETF Fund of Fund - Direct Plan - GrowthSilverFoF Domestic0.10%+46.92%-23.8%₹519 Cr
6Invesco India Gold ETF Fund of Fund - Direct Plan - GrowthValue Fund0.11%+45.91%+14.67%-24.4%₹463 Cr
7Mirae Asset Gold Silver Passive FoF - Direct Plan - GrowthFoF Domestic0.12%-32.8%₹1,288 Cr
8UTI Silver ETF Fund of Fund - Direct Plan - Growth OptionBronzeFoF Domestic0.13%+97.36%-45.5%₹584 Cr
9Kotak Gold Fund Growth - DirectGoldFoF Domestic0.14%+46.97%+10.73%-26.3%₹6,422 Cr
10Groww Gold ETF FOF - DIRECT - GROWTHValue Fund0.14%+45.32%-24.9%₹113 Cr
11Axis Gold Fund - Direct Plan - Growth optionGoldFoF Domestic0.18%+46.90%+10.70%-26.1%₹2,828 Cr
12ICICI Prudential Gold ETF FOF - Direct Plan - GrowthGoldFoF Domestic0.18%+47.04%+10.08%-25.8%₹6,265 Cr
13Motilal Oswal Gold and Silver Passive Fund of Funds(Direct Plan)SilverFoF Domestic0.18%+59.57%+37.17%-34.2%₹2,583 Cr
14Groww Silver ETF FOF - Direct - GrowthValue Fund0.18%-29.7%₹84 Cr
15HDFC Gold ETF Fund of Fund - Direct PlanGoldFoF Domestic0.20%+46.85%+10.46%-24.8%₹11,019 Cr
16ICICI Prudential Silver ETF FOF - Direct Plan - GrowthBronzeFoF Domestic0.20%+96.96%+34.58%-45.5%₹6,067 Cr
17Edelweiss Gold and Silver ETF FOF - Direct Plan - GrowthSilverFoF Domestic0.21%+73.97%+40.26%-34.2%₹2,889 Cr
18Zerodha Silver ETF FoF - Direct GrowthBronzeFoF Domestic0.21%+97.79%-46.2%₹216 Cr
19Tata Silver ETF Fund of Fund Direct Plan Growth OptionFoF Domestic0.22%-29.1%₹1,023 Cr
20Nippon India Silver ETF FOF- Direct Plan-Growth OptionFoF Domestic0.22%-27.3%₹4,230 Cr
21HDFC Silver ETF Fund of Fund - Growth Option - Direct PlanFoF Domestic0.22%-30.6%₹4,327 Cr
22SBI GOLD FUND- DIRECT PLAN - GROWTHGoldFoF Domestic0.24%+47.15%+10.51%-25.0%₹15,294 Cr
23Tata Gold ETF Fund of Fund Direct Plan Growth OptionSilverFoF Domestic0.24%+45.50%-24.3%₹1,345 Cr
24Zerodha Gold ETF FoF-Direct Plan - Growth OptionSilverFoF Domestic0.28%+46.88%-24.3%₹328 Cr
25Kotak Silver ETF Fund of Fund - Direct Plan - Growth OptionBronzeFoF Domestic0.28%+98.56%-45.6%₹923 Cr
26Union Gold ETF Fund of Fund - Direct Plan - Growth OptionBronzeFoF Domestic0.30%+45.18%-24.6%₹154 Cr
27SBI Silver ETF Fund of Fund- Direct Plan - GrowthBronzeFoF Domestic0.32%+100.01%-45.0%₹3,679 Cr
28Aditya Birla Sun Life Silver ETF FOF-Direct GrowthSilverValue Fund0.32%+96.97%+34.62%-45.3%₹1,202 Cr
29LIC MF Gold ETF Fund of Fund-Direct Plan-GrowthGoldFoF Domestic0.35%+46.18%-24.5%₹757 Cr
30DSP Silver ETF Fund of Fund - Direct - GrowthBronzeFoF Domestic0.58%+97.56%-45.4%₹680 Cr
31DSP Gold ETF Fund of Fund - Direct - GrowthSilverFoF Domestic0.63%+46.92%-25.2%₹474 Cr
32DSP World Gold Mining Overseas Equity Omni FoF - Direct Plan - GrowthSilverFoF Overseas1.74%+73.77%+6.60%-57.2%₹1,433 Cr

Badges are our own quality tiers — Platinum (top 10%), Gold (25%), Silver (50%), Bronze (75%) — scored within each sub-category, so they compare a fund with its peers and not with funds of a different type. “3Y typical” is the median annualised return across every 3-year holding period the fund has lived through, not a single 3-year figure; “3Y loss odds” is the share of those periods that ended down. “Beat peers” is the share in which it beat its category's median, and “worst fall” is its deepest peak-to-trough drop. Open a fund for the full distribution. Click any numeric column to re-sort; funds with no value for that column sort last. Returns over 1 year are annualised (CAGR). Past performance does not indicate future returns.

Precious metals — FAQs
What is the difference between a gold ETF and a gold fund-of-fund?

A gold ETF trades on an exchange and needs a demat account. A gold fund-of-fund buys that ETF on your behalf and is bought like any mutual fund, with no demat account required, but it adds a small extra layer of cost.

Why are these ranked on cost rather than return?

These funds track a metal price. Their return is the metal’s return, not the fund manager’s, so ranking them by return mostly ranks the period you happened to measure. What a fund can actually control is its cost and how closely it tracks the metal.

How are gold and silver funds taxed in India?

Taxation of these schemes has changed more than once in recent years and depends on the scheme’s structure and your holding period. Check the current rules or a tax adviser before investing — we do not provide tax advice.