Invesco India Gold ETF FoF Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 10, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Invesco India Gold ETF FoF Direct Growth Plan currently has an NAV of ₹44.1756 as of 09 Sep 2026 and an AUM of ₹463 Cr. Its 1-year, 3-year and 5-year returns are 37.25%, 35.2% and 25.09% respectively, and it carries a High Risk profile. In our view, this is a fund for investors who can tolerate sharp swings and want gold-linked exposure through an ETF fund-of-funds structure rather than a broad equity-style market play.
The combination of a concentrated portfolio and strong multi-year compounding makes the fund relevant for a longer holding period, but the risk label is consistent with the uneven short-term path visible in performance. The benchmark has moved very differently over the same periods, so the fund’s return pattern is best read as a gold-linked allocation rather than a conventional equity comparison.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹44.1756 as of 09 Sep 2026 |
| AUM | ₹463 Cr |
| Expense Ratio | 0.1% |
| Launch Date | 01 Jan 2013 |
| Min SIP | ₹100 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Others |
| Exit Load | 1% on or before 15D, Nil after 15D |
| Fund Managers | Abhisek Bahinipati |
The fund is managed by Abhisek Bahinipati.
Source data date: as of 09 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | 1.15% | -4.69% |
| 3M | 4.39% | 0.93% |
| 1Y | 37.25% | -7.16% |
| 3Y | 35.2% | 6% |
| 5Y | 25.09% | 5.87% |
The recent numbers point to a stronger stretch for the fund than the benchmark. Over 1 month and 3 months, the fund stayed positive while the benchmark was either negative or barely positive, which tells us the last few weeks have been more supportive for the fund than for the index.
That short-term strength is not a one-off when we step back to 1 year. The fund’s 37.25% return is far above the benchmark’s -7.16%, so the gap is substantial and reflects very different behaviour across the two paths. The fund has clearly benefited from a stronger gold-linked run than the benchmark over the past year.
At the same time, the 3-year and 5-year figures are still healthy, but they are less explosive than the 1-year outcome. That tells us the return profile has not moved in a straight line; it has compounded well over longer stretches, yet the strongest phase has been the most recent one. For investors, that matters because the fund’s recent momentum is better than its longer-run average suggests, but the underlying path still appears uneven.
Compared with the benchmark, the longer-term edge remains clear. The fund has outpaced the index across all listed periods, and the 5-year return gap shows that this has not just been a short burst. Even so, the benchmark comparison should be read carefully because this is a gold ETF fund-of-funds, so the pattern is more about gold exposure than about a broad equity style outcome.
Source data date: as of 09 Sep 2026
Should you BUY or HOLD Invesco India Gold ETF FoF?
A fund’s past returns alone don’t tell you whether you should buy it today or continue holding it.
The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.
Already holding Invesco India Gold ETF FoF? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Invesco India Gold ETF FoF Direct Growth Plan | 37.25% | 35.2% | 25.09% |
| DSP Silver ETF FoF Direct Growth Plan | 83.4% | Data not available | Data not available |
| ICICI Pru Silver ETF FOF Direct Growth Plan | 82.8% | 46.33% | Data not available |
| UTI Silver ETF FoF Direct Growth Plan | 81.7% | 46.29% | Data not available |
| Tata Silver ETF FoF Direct Growth Plan | 78.9% | Data not available | Data not available |
| UTI Gold ETF FoF Direct Growth Plan | 39.97% | 36.07% | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
The fund sits well below the silver-focused peer returns on the 1-year measure, but it is much closer to the other gold-linked option on the list. Against UTI Gold ETF FoF Direct Growth Plan, the gap is small on 1 year and also modest on 3 years, which suggests the two gold-oriented funds have behaved in broadly similar ways over the periods where both numbers are available.
On the longer horizons, this fund remains solid. Its 3-year return of 35.2% is slightly below the 36.07% shown by UTI Gold ETF FoF Direct Growth Plan, yet it still stands as a strong multi-year result. The key difference in the peer set is that the silver-focused funds have posted much sharper 1-year gains, while this fund has followed a steadier gold-linked path instead of that more aggressive short-run surge.
Source data date: as of 09 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Invesco India Gold Exchange Traded Fund | Domestic Mutual Funds Units – Gold | 98.11% |
| Triparty Repo | Cash & Cash Equivalents and Net Assets | 1.79% |
The largest holding is Invesco India Gold Exchange Traded Fund at 98.11%, which means almost the entire portfolio is tied to one underlying gold ETF position. That kind of structure may keep the fund tightly linked to the move in that single exposure rather than to a wider basket of securities.
The remaining disclosed holding, Triparty Repo, is only 1.79%, so the weight drops very sharply after the first position. With just two disclosed holdings in total, the portfolio is highly concentrated and leaves very little room for a long tail of smaller positions to influence outcomes.
This concentration means the fund’s behaviour is likely to be driven mainly by the underlying gold ETF, with cash management playing only a minor supporting role. The disclosed holdings together account for 99.9% of the portfolio, so there is little visible diversification at the holding level in the disclosed structure.
Source data date: as of 09 Sep 2026
Who should invest
This fund suits investors who are comfortable with High Risk outcomes and who can hold through periods of uneven performance. Its 1-year result is much stronger than the benchmark, while the 3-year and 5-year numbers still show positive compounding, so it can fit investors who want gold-linked exposure with a multi-year horizon rather than a short trading view.
The main trade-off is concentration. The portfolio is built almost entirely around one gold ETF position, so the fund may track that underlying exposure closely and can move differently from a broad equity benchmark. That makes it more appropriate for investors who understand that the return path may be choppy even when longer-term numbers look strong.
Tax and exit load
| Holding period | Tax rate | Description |
|---|---|---|
| Units held less than 1 year | 20% | Short-term capital gains tax |
| Units held more than 1 year | 12.5% | Long-term capital gains tax |
Exit load is 1% if units are sold on or before 15 days. There is no exit load after 15 days of holding.
Source data date: as of 09 Sep 2026
Frequently asked questions
What is the current NAV of Invesco India Gold ETF FoF Direct Growth Plan?
The current NAV is ₹44.1756 as of 09 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s returns are 37.25% for 1 year, 35.2% for 3 years and 25.09% for 5 years.
How does it compare with the benchmark?
It has outpaced the benchmark across the listed periods. The gap is especially wide over 1 year, where the fund shows 37.25% while the benchmark is at -7.16%.
How does it compare with peer funds?
Its 1-year return is below the silver-focused peer funds listed here, but it is close to UTI Gold ETF FoF Direct Growth Plan. On 3 years, it is slightly below UTI Gold ETF FoF Direct Growth Plan and ahead of several peers that do not have longer-term figures available.
What is the minimum SIP amount?
The minimum SIP amount is ₹100.
What risk and portfolio structure should investors note?
The fund is tagged High Risk and the portfolio is very concentrated, with 98.11% in Invesco India Gold Exchange Traded Fund and 1.79% in Triparty Repo. Exit load is 1% on or before 15 days and nil after that period.
Bottom line
Invesco India Gold ETF FoF Direct Growth Plan has a much stronger recent showing than its benchmark, and the longer-term numbers still remain positive. The peer set shows a clear contrast: silver-focused funds have posted much higher 1-year gains, while this fund looks steadier and closer to the other gold-linked option. Its High Risk label and extremely concentrated portfolio mean the return path may remain uneven, but the structure is transparent and narrowly focused on gold exposure.
Published on 10 September 2026 at 11:21 AM IST
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RIA disclosure
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.