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COMMODITIES BENCHMARK • 26 PASSIVE SCHEMES

Gold Index Funds & ETFs — Key Metrics

Compare all passive mutual funds and ETFs tracking Gold by live tracking error, direct expense ratio (TER), and AUM.

Data sourced from AMC Factsheets • Updated monthly for 300+ Indian Index Funds & ETFs
2 Commodities indices
📈 Equity⚖️ Hybrid🏦 Debt / Fixed Income🪙 Commodities
Popular Benchmarks:
Nifty 50Nifty Next 50BSE SensexNifty Midcap 150Domestic Gold5-Yr G-Sec Debt
2026-09-30
All FundsAll past dates included

Gold Category Summary & Statistics

Active Index Funds / ETFs

26

Tracking Gold

Category Avg. Expense Ratio

0.51%

Avg Direct Plan TER

Lowest Expense Ratio

0.34%

The Wealth Company Gold ETF

Highest AUM

₹56,981.58 Cr

Nippon India ETF Gold BeES

Lowest Tracking Error

0.2800%

Quantum Gold Fund

Gold — Key Insights & Category Highlights

Auto-Generated from AMC Factsheets
Category Leaders & Highlights
  • Lowest Tracking Error: Quantum Gold Fund leads with 0.28% annualized tracking error (category average is 0.68%).
  • Lowest Cost Leader: The Wealth Company Gold ETF charges the lowest direct expense ratio (TER) at 0.34% vs category average of 0.51%.
  • Category Scale: ₹1,73,455 Cr combined AUM across 26 schemes (1 Index Funds, 25 ETFs), led by Nippon India ETF Gold BeES (₹56,982 Cr).
Selection Checklist & Watchouts
  • Expense Ratio Spread: Direct TER ranges from 0.34% to 0.81% (a 0.47% annual fee gap that compounds into tracking difference).
  • Tracking Error Variance: Replication error varies from 0.28% to 2.58%. Compare multi-year consistency on the historical chart below.
  • Liquidity Watchout: 2 schemes tracking Gold report AUM under ₹50 Cr; ETF buyers should verify exchange order-book depth and impact cost.

Gold Historical Tracking Error & TER Comparison Chart

Historical Metric:
Historical Tracking Error Comparison (%)Tracking Error (%)
Time-series comparison for Gold (2023-10-22 to 2026-10-22)

Fetching historical time-series for Gold...

Category Average Line
Showing 6 of 26 funds
Fund Lines (26)
Hover to highlight on chart, toggle to show/hide

Gold — Fund Directory & Metrics Breakdown

Comprehensive snapshot of Tracking Error (%), TER (%), AUM, and debt indicators for Gold. Click headers to sort.
Quantum Gold FundPast: 2026-06-30
Mutual FundN/A0.2800%0.55%—2026-06-30
UTI Gold ETF
ETFHigh0.2900%0.59%₹4,406.26 Cr2026-09-30
Quantum Gold ETF
ETFHigh0.3000%0.55%₹772.98 Cr2026-09-30
Kotak Gold ETF
ETFHigh0.3800%0.52%₹14,472.91 Cr2026-09-30
HDFC Gold ETF
ETFHigh0.3900%0.59%₹23,899.78 Cr2026-09-30
Nippon India ETF Gold BeES
ETFHigh0.4100%0.81%₹56,981.58 Cr2026-09-30
Aditya Birla Sun Life Gold ETF
ETFHigh0.4200%0.44%₹2,240.52 Cr2026-09-30
Invesco India Gold ETF
ETFHigh0.4400%0.50%₹753.74 Cr2026-09-30
SBI Gold ETF
ETFHigh0.4400%0.65%₹26,466.15 Cr2026-09-30
ICICI Prudential Gold ETF
ETFHigh0.4700%0.49%₹19,305.70 Cr2026-09-30
LIC MF Gold ETF
ETFVery High0.4800%0.45%₹1,441.20 Cr2026-09-30
DSP Gold ETF
ETFHigh0.5000%0.45%₹2,841.00 Cr2026-09-30
Baroda BNP Paribas Gold ETF
ETFHigh0.5400%0.59%₹6.00 Cr2026-09-30
Groww Gold ETF
ETFN/A0.5700%0.71%₹457.28 Cr2026-09-30
Mirae Asset Gold ETFPast: 2026-08-31
ETFHigh0.5800%0.35%₹541.12 Cr2026-08-31
Zerodha Gold ETF
ETFHigh0.5800%0.35%₹2,522.53 Cr2026-09-30
Choice Gold ETF
ETFHigh0.6500%0.51%₹48.85 Cr2026-09-30
Tata Gold ETF
ETFHigh0.6600%0.39%₹6,138.22 Cr2026-09-30
Motilal Oswal Gold ETF
ETFHigh0.6900%0.59%₹1,927.44 Cr2026-09-30
ANGEL ONE GOLD ETF
ETFHigh0.7200%0.35%₹86.52 Cr2026-09-30
Axis Gold ETF
ETFHigh0.7500%0.52%₹5,525.63 Cr2026-09-30
Union Gold ETFPast: 2026-07-31
ETFN/A0.7700%0.49%—2026-07-31
Bandhan Gold ETF
ETFHigh1.0500%0.45%₹186.53 Cr2026-09-30
Edelweiss Gold ETF
ETFLow1.1500%0.50%₹1,759.12 Cr2026-09-30
HSBC Gold ETF
ETFN/A1.6000%0.62%₹674.24 Cr2026-09-30
The Wealth Company Gold ETFPast: 2026-07-31
ETFN/A2.5800%0.34%—2026-07-31
Note: Data is sourced from AMC Factsheets and updated monthly. Past date funds reflect previous reporting cycles.
Use the Data Freshness toggle at the top to display only funds with the latest data.

Peer Commodities Benchmark Indices

All Passive FundsCommodities BenchmarksGold

2 Commodities Benchmarks
Gold(26)Silver(17)

Evaluation Methodology: Tracking Error, Expense Ratio & Debt Metrics

Tracking Error (SEBI Formula)

Calculated as the annualized standard deviation of daily excess returns: TE = √250 × σ(R_fund − R_index). Lower tracking error signifies tighter replication discipline and minimal cash drag.

Total Expense Ratio (TER) & AUM

A lower TER directly mitigates return drag over compounding horizons. Higher AUM funds generally feature tighter bid-ask spreads on exchange order books and robust secondary market liquidity.

YTM & Modified Duration (Debt)

Yield to Maturity (YTM) indicates gross portfolio yield if securities are held to maturity. Modified duration gauges sensitivity to RBI repo rate changes—shorter duration reduces capital volatility.

Data Sourcing & Update Schedule: All scheme metrics are sourced directly from AMC Factsheets and updated once a month based on the availability and release schedules of factsheets from various AMCs.

Missing Data: Metrics where — is displayed indicate data missing in the AMC's factsheet or that the factsheet itself has not yet been published for the recent month.

Frequently Asked Questions

Frequently Asked Questions on Gold Passive Funds