Quantum Gold ETF FOF Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Quantum Gold ETF FOF Direct Growth Plan is at ₹57.5963 as of 17 September 2026, with scheme AUM of ₹579 Cr. Its 1-year, 3-year and 5-year returns are 35.67%, 35.71% and 25.28%, and the fund sits in the High Risk category.

Our view is that this is a focused gold allocation rather than a broad multi-asset fund, because the portfolio is fully concentrated in one underlying holding. The return pattern has stayed strong over longer periods, but the short-term path has been uneven, so it suits investors who can tolerate marked swings and want gold exposure inside a fund-of-funds structure.

Quick facts

Particular	Details
NAV	₹57.5963 as of 17 Sep 2026
AUM	₹579 Cr
Expense Ratio	0.03%
Launch Date	19 May 2011
Min SIP	₹500
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Fund of Fund
Exit Load	No exit load
Fund Managers	Chirag Mehta

The fund is managed by Chirag Mehta.

Source data date: as of 17 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-1.65%	-3.66%
3M	1.87%	-3.71%
1Y	35.67%	-7.13%
3Y	35.71%	5.82%
5Y	25.28%	5.72%

The recent numbers show a fund that has stayed resilient even when the benchmark has been weak. Over 1 month, the fund was marginally negative, but it still held up better than the benchmark. Over 3 months, it turned positive while the benchmark stayed in the red, which suggests a better near-term recovery path than the comparison index.

The longer record is much stronger than the benchmark. The 1-year return is sharply positive, and the 3-year and 5-year figures remain well above the benchmark’s corresponding returns. That tells us the fund has delivered a meaningfully different outcome from the benchmark over medium and longer horizons, rather than simply tracking it.

The monthly and quarterly paths also show that the fund has not moved in a straight line. There were clear dips and recoveries, which is normal for a gold-linked allocation, but the broader trend over 3 years and 5 years remains constructive. In our view, the main point is that the fund has combined stronger longer-term compounding with some short-term volatility, so the holding experience can be uneven even when the multi-year outcome is solid.

Compared with the benchmark, the fund has been ahead across every period shown here. The gap is especially visible in the 1-year and longer windows, while the latest month has been softer but still less weak than the benchmark. That mix matters because it shows the fund’s recent wobble has not erased the stronger multi-year pattern.

Source data date: as of 17 Sep 2026

Should you BUY or HOLD Quantum 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.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Quantum Gold ETF FOF Direct Growth Plan	35.67%	35.71%	25.28%
SBI Silver ETF FOF Direct Growth Plan	76.71%	Data not available	Data not available
Kotak Silver ETF FoF Direct Growth Plan	75.91%	45.12%	Data not available
Axis Silver FoF Direct Growth Plan	74.42%	45.18%	Data not available
Zerodha Silver ETF FoF Direct Growth Plan	73.46%	Data not available	Data not available
Nippon India Silver ETF FOF Direct Growth Plan	72.65%	43.94%	Data not available

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

The fund’s 1-year return is below the peer silver-oriented funds listed here, while its own multi-year figures remain much steadier and more relevant for a gold allocation. The 3-year and 5-year returns are still solid, but the peer set has much higher recent 1-year numbers because it is built around silver exposure, which has had a very different run.

That makes the comparison less about one fund clearly dominating and more about different precious-metal exposures behaving differently. The fund’s longer-term pattern is still useful for investors who want gold-linked exposure, while the peer numbers show that short-term momentum in the precious-metals space can sit elsewhere.

Source data date: as of 17 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Quantum Gold ETF*	Domestic Mutual Funds Units – Gold	100.05%

The portfolio is extremely concentrated, with one disclosed holding accounting for essentially the entire fund. That means the fund’s result is likely to be driven almost entirely by the behaviour of Quantum Gold ETF*, rather than by a spread of individual securities.

Because the table shows just one holding and the disclosed holding count is one, there is no tail of smaller positions to cushion movements. In practical terms, the portfolio structure may give investors straightforward gold exposure, but it also leaves little diversification within the fund itself.

The displayed holding weight is slightly above 100%, which is close enough to indicate full concentration in the underlying instrument. Since the disclosed holding list contains only one row, the investment case here depends more on the gold allocation itself than on portfolio construction across multiple positions.

Source data date: as of 17 Sep 2026

Who should invest

This fund fits investors who can handle High Risk positioning and who want a gold-focused allocation with a multi-year horizon. The 1-year, 3-year and 5-year returns show that the longer record has been stronger than the recent short-term moves, but the ride can still be uneven.

Its benchmark comparison suggests that the fund has delivered a different pattern from the benchmark over time, which may appeal to investors looking for diversification away from equity-style behaviour. The main trade-off is concentration: the portfolio is fully tied to one underlying gold ETF, so there is very little internal spread across holdings. That makes it better suited to investors who are comfortable with a single-theme allocation rather than a diversified core holding.

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: No exit load.

Source data date: as of 17 Sep 2026

Frequently asked questions

What is the current NAV of Quantum Gold ETF FOF Direct Growth Plan?
The current NAV is ₹57.5963 as of 17 September 2026.

What are the 1-year, 3-year and 5-year returns?
The fund’s 1-year, 3-year and 5-year returns are 35.67%, 35.71% and 25.28%.

How does it compare with the benchmark?
It has outpaced the benchmark across 1 month, 3 months, 1 year, 3 years and 5 years. The gap is widest over the longer periods.

How does it compare with the peer funds shown here?
The peer funds are silver-oriented and show much higher 1-year returns, while this fund’s longer-term numbers are steadier and tied to gold exposure. The comparison therefore reflects different precious-metals exposure rather than the same type of fund behaviour.

What is the minimum SIP?
The minimum SIP is ₹500.

Who manages the fund and what is the exit load?
Chirag Mehta manages the fund. The exit load is no exit load.

Bottom line

The fund’s recent short-term path has been choppy, but the 3-year and 5-year results still point to a stronger longer-term picture. It has also stayed ahead of the benchmark across the periods shown, while the peer table highlights that silver-focused alternatives have had very different recent momentum.

Its High Risk profile and single-holding structure make it a concentrated gold allocation rather than a diversified portfolio building block. That combination may suit investors who want a simple precious-metals sleeve and can tolerate swings, especially when they are looking more at multi-year behaviour than at month-to-month consistency.

Published on 18 September 2026 at 2:58 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.