Edelweiss Gold ETF FoF Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 17, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Edelweiss Gold ETF FoF Direct Growth Plan is at a NAV of ₹9.2762 as of 15 Sep 2026, with an AUM of ₹52 Cr. Its 1-year, 3-year and 5-year returns are 0%, 0% and 0%, and the fund sits in the High Risk category.
Our view is that this is best read as a very new gold-fof structure with limited performance history rather than a long-record return story. The portfolio is fully concentrated in a single underlying gold ETF holding, so the outcome is likely to follow the path of gold more closely than a diversified equity fund would.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹9.2762 as of 15 Sep 2026 |
| AUM | ₹52 Cr |
| Expense Ratio | 0.0% |
| Launch Date | 04 Mar 2026 |
| Min SIP | ₹100 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Equity |
| Exit Load | 0.10% on or before 15D, Nil after 15D |
| Fund Managers | Bhavesh Jain, Bharat Lahoti |
The fund is managed by Bhavesh Jain and Bharat Lahoti.
Source data date: as of 15 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -2.07% | -4.41% |
| 3M | -0.09% | -3.6% |
| 1Y | 0% | Data not available |
| 3Y | 0% | Data not available |
| 5Y | 0% | Data not available |
The short-term pattern is better than the benchmark on the available periods. Over 1 month, the fund fell less than the benchmark, and over 3 months it stayed nearly flat while the benchmark was weaker. That suggests the structure has held up relatively well in the recent window, even though the absolute return path remains negative in the short run.
The wider picture is different because this scheme launched only in March 2026, so there is no meaningful multi-year track record yet. The 1-year, 3-year and 5-year return fields are effectively placeholders at this stage, which means long-term judgement has to be cautious. We would treat the fund’s behaviour as early-stage rather than established.
The multiplier pattern also points to a mild recovery after an initial dip, followed by a mostly narrow range of movement. That kind of path is consistent with a fund that is tracking a single commodity-backed exposure rather than building a broad return base. For investors, the main question is less about compounding history and more about whether they want gold exposure through a fund wrapper.
Relative to the benchmark, the recent gap is not large in absolute terms, but the fund has been less weak than the index in the available short windows. That said, the absence of a true multi-year record means the recent relationship to the benchmark should not be stretched into a longer-term conclusion.
Source data date: as of 15 Sep 2026
Should you BUY or HOLD Edelweiss 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 Edelweiss Gold ETF FoF? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Edelweiss Gold ETF FoF Direct Growth Plan | Data not available | Data not available | Data not available |
| Axis Gold and Silver Passive FoF Direct Growth Plan | Data not available | Data not available | Data not available |
| HSBC Gold ETF FOF Direct Growth Plan | Data not available | Data not available | Data not available |
| Bandhan Silver ETF FOF Direct Growth Plan | Data not available | Data not available | Data not available |
| The Wealth Company Gold ETF FOF Direct Growth Plan | Data not available | Data not available | Data not available |
| Mirae Asset BSE Midcap 150 Momentum 30 ETF FOF Direct Growth Plan | Data not available | Data not available | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
The current fund’s short-term return profile is better framed through its own recent movement than through peer separation, because the peer return fields are not available in usable form here. What matters is that the fund has shown a smaller recent decline than the benchmark in the available windows, while its longer horizon still lacks a track record that can support a firmer comparison. That makes the short-term story more informative than the longer-term one.
Source data date: as of 15 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Edelweiss Gold ETF | Domestic Mutual Funds Units – Gold | 100.19% |
The entire disclosed portfolio sits in one underlying holding, so the single position is the only driver of the fund’s visible exposure. At 100.19%, it is effectively the whole portfolio view, which means the fund’s path may stay tightly linked to that gold ETF rather than being cushioned by multiple positions.
Because the table contains just one disclosed holding, there is no fall-off from the largest holding to the tenth; the concentration is complete in the visible portfolio. That makes the structure very different from a multi-holding fund, where position sizes can spread influence more widely across the book.
The full disclosed holding count is one, so the portfolio is concentrated rather than spread across a longer tail. On that basis, the holding profile may contribute to clearer gold-specific exposure, but it also means there is little internal diversification inside the fund wrapper.
Source data date: as of 15 Sep 2026
Who should invest
This fund fits investors who are comfortable with High Risk and want a gold-linked allocation rather than a broad equity basket. The recent return pattern is better than the benchmark in the available short windows, but the scheme is too new to judge on a full multi-year track record.
The main trade-off is that the portfolio is fully concentrated in one underlying gold ETF, so you get a direct commodity-linked exposure without diversification inside the scheme. That makes the fund more relevant for medium- to longer-horizon investors who understand that early performance history is limited and that the experience will likely track gold closely.
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 applies at 0.10% if units are sold on or before 15 days, and there is no exit load after that holding period.
Source data date: as of 15 Sep 2026
Frequently asked questions
What is the current NAV of Edelweiss Gold ETF FoF Direct Growth Plan?
Its current NAV is ₹9.2762 as of 15 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
Its 1-year, 3-year and 5-year returns are 0%, 0% and 0%.
How has the fund compared with its benchmark recently?
It has been less weak than the benchmark in the available short windows. The 1-month return was -2.07% versus -4.41% for the benchmark, and the 3-month return was -0.09% versus -3.6%.
How does it compare with the peer funds listed here?
The peer comparison table does not provide usable return figures for those funds, so a like-for-like return comparison is not available from the figures shown here.
Is there a minimum SIP amount?
Yes. The minimum SIP amount is ₹100.
Who manages the fund and what is the exit load?
The fund is managed by Bhavesh Jain and Bharat Lahoti. Exit load is 0.10% on or before 15 days, and nil after 15 days.
Bottom line
Edelweiss Gold ETF FoF Direct Growth Plan looks like an early-stage gold-fund wrapper with a narrow portfolio and a short operating history. Recent movement has been less weak than the benchmark in the available windows, but there is not yet a meaningful multi-year record to lean on. The fund’s single-holding structure means exposure is concentrated in gold ETF behaviour, so it may suit investors who want that specific allocation and are comfortable with High Risk.
Published on 17 September 2026 at 3:24 PM 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.