Tata Gold ETF FoF Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 18, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Tata Gold ETF FoF Direct Growth Plan was at ₹23.0975 as of 17 September 2026, with scheme AUM of ₹1,540 Cr. Its 1-year, 3-year and 5-year returns are 34.9%, 0% and 0%, and it sits in the High Risk category. Our view is that it suits investors who want gold-linked exposure through a fund-of-fund structure and can accept sharp short-term movement for diversification, rather than those looking for steady equity-style compounding.
The fund has outpaced the Nifty 50 over the 1-year window, but its short history and gold-linked portfolio mean the return pattern is best read as cyclical rather than smooth. The portfolio is almost fully concentrated in a single underlying gold ETF, so the main investment case is direct gold exposure, not multi-asset diversification.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹23.0975 as of 17 Sep 2026 |
| AUM | ₹1,540 Cr |
| Expense Ratio | 0.25% |
| Launch Date | 19 Jan 2024 |
| Min SIP | ₹150 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Others |
| Exit Load | 0.50% on or before 7D, Nil after 7D |
| Fund Managers | Tapan Patel, Nitin Sharma, Rakesh Prajapati |
The fund is managed by Tapan Patel, Nitin Sharma and Rakesh Prajapati.
Source data date: as of 17 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -1.58% | -3.66% |
| 3M | 1.86% | -3.71% |
| 1Y | 34.9% | -7.13% |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
Over the last month, the fund slipped slightly, but it still held up better than the benchmark, which fell more sharply. That kind of gap matters because it shows the fund has not moved in lockstep with the equity benchmark during a weak stretch.
The 3-month return is positive, while the benchmark remains negative for the same period. In practical terms, that points to a recovery phase after earlier softness, with the fund regaining ground more quickly than the benchmark.
The 1-year picture is much stronger. A return of 34.9% against a negative benchmark return tells us the fund has delivered a very different outcome from Nifty 50 over this stretch, which is consistent with the gold-linked nature of the portfolio.
There is no usable 3-year or 5-year return history for this scheme, so the longer lens is limited. Even so, the available daily pattern suggests the fund has moved in cycles with noticeable pullbacks and rebounds, which is what investors should expect from a gold exposure fund rather than a broad market equity fund.
Source data date: as of 17 Sep 2026
Should you BUY or HOLD Tata 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 Tata Gold ETF FoF? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Tata Gold ETF FoF Direct Growth Plan | 34.9% | Data not available | Data not available |
| DSP Silver ETF FoF Direct Growth Plan | 74.79% | Data not available | Data not available |
| UTI Silver ETF FoF Direct Growth Plan | 73.31% | 45.21% | Data not available |
| ICICI Pru Silver ETF FOF Direct Growth Plan | 72.38% | 45.03% | Data not available |
| Tata Silver ETF FoF Direct Growth Plan | 69.73% | Data not available | Data not available |
| UTI Gold ETF FoF Direct Growth Plan | 35.4% | 35.95% | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. On the available 1-year numbers, the fund sits well below the silver FoF peers listed here and slightly below UTI Gold ETF FoF Direct Growth Plan, which is a narrower comparison gap than the silver funds show. Where the comparison becomes more relevant is the longer view: the only peer with usable 3-year history for a direct gold FoF has a higher 3-year return than this scheme’s unavailable longer history, so the data set favours peers with more established record lengths.
The short-term and longer-term stories are therefore not the same. In the near term, this fund has delivered a positive outcome versus the benchmark, but in the peer set it trails several gold-and-silver FoFs on 1-year growth. That makes the scheme more of a gold-allocation option than a momentum leader among precious-metals FoFs.
Source data date: as of 17 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Tata Gold Exchange Traded Fund | Domestic Mutual Funds Units – Gold | 99.93% |
The fund’s largest holding is Tata Gold Exchange Traded Fund at 99.93%, so almost the entire scheme is tied to a single underlying gold ETF. That makes the fund’s behaviour likely to be closely linked to gold price movement, with very little diversification at the holding level.
Because the portfolio discloses only one holding, the visible weight does not fall away across a list of positions; instead, it stays concentrated in one instrument. The result is a simple structure, but also one where the underlying ETF could have greater influence on day-to-day performance than in a more diversified fund.
With one disclosed holding out of one disclosed holding, the portfolio is as concentrated as it can be within the visible allocation set. The top holding accounts for approximately 99.93% of the portfolio, so the scheme’s exposure is driven by a single asset rather than a long tail of smaller positions.
Source data date: as of 17 Sep 2026
Who should invest
This fund may suit investors who are comfortable with High Risk products and want gold exposure through a mutual-fund wrapper rather than a direct commodity-style approach. The current return pattern shows strong 1-year performance, but the absence of longer track history means the case rests more on gold-linked allocation logic than on a long record of compounding.
It is better aligned with a medium- to long-term horizon, especially for investors using gold as a diversification sleeve rather than as a core growth engine. The trade-off is straightforward: you get a concentrated, gold-linked exposure that can help when gold does well, but you also accept that short-term moves can be uneven and benchmark comparison to equity indices is not especially meaningful for long-run planning.
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: 0.50% if units are sold on or before 7 days; nil after 7 days.
Source data date: as of 17 Sep 2026
Frequently asked questions
What is the current NAV of Tata Gold ETF FoF Direct Growth Plan?
The current NAV is ₹23.0975 as of 17 September 2026.
How has Tata Gold ETF FoF Direct Growth Plan performed over 1 year?
Its 1-year return is 34.9%. That is well above the benchmark return of -7.13% over the same period.
Why are the 3-year and 5-year returns shown as Data not available?
The scheme does not have usable 3-year and 5-year return figures in the available record. The performance table therefore shows Data not available for those periods.
How does this fund compare with peer gold and silver FoFs?
On the available 1-year figures, it trails several silver FoFs and is slightly below UTI Gold ETF FoF Direct Growth Plan. The comparison is more limited on 3-year and 5-year numbers because several peers also do not have those figures.
What is the minimum SIP amount?
The minimum SIP amount is ₹150.
What is the portfolio and risk profile of this fund?
The scheme is in the High Risk category and is almost fully concentrated in Tata Gold Exchange Traded Fund at 99.93% weight. That means its behaviour is closely tied to gold-linked movement rather than a broad basket of assets.
Bottom line
Tata Gold ETF FoF Direct Growth Plan looks like a focused gold allocation fund rather than a diversified return engine. Its recent 1-year performance is much stronger than the benchmark, but the available longer-history data are limited, so the case rests mainly on the gold-linked structure and the very concentrated portfolio. Compared with available peers, the 1-year return is weaker than several silver FoFs and only close to UTI Gold ETF FoF Direct Growth Plan. That makes it more suitable for investors seeking a concentrated precious-metals sleeve with high risk tolerance.
Published on 18 September 2026 at 11:47 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.