Edelweiss Gold and Silver ETF FoF leads gold fund-of-funds mutual funds in three-year CAGR returns; delivers 37.4% gain
Edelweiss Gold and Silver ETF FoF delivered 37.4% CAGR returns over three years and 69.5% CAGR over the last one year, according to ACE MF data on August 3.
Moneycontrol Desk
August 04, 2026 / 15:55 IST
The three-year CAGR return chart for the gold fund-of-funds mutual fund category is led by Edelweiss Gold and Silver ETF FoF, which delivered 37.4 percent. Motilal Oswal Gold and Silver Passive FoF and SBI Gold occupy the next two positions with returns of 34.5 percent and 32.2 percent, respectively, according to ACE MF data on August 3.
The ranking considers only schemes with assets under management of at least Rs 1,500 crore. Among the top five funds that meet this criterion, SBI Gold has the largest corpus at Rs 15,294.3 crore.
The benchmark comparison is also important. Edelweiss Gold and Silver ETF FoF was ahead of its benchmark by 35.7 percentage points on a three-year basis, with the benchmark returning 1.7%. It was also ahead of its benchmark by 59.4 percentage points on a one-year basis, with the benchmark returning 10.1%.
The one-month ranking gives a different reading. HDFC Gold ETF FoF is ahead on this measure with a return of -2.5 percent.
The three-month ranking gives a different reading. HDFC Gold ETF FoF is ahead on this measure with a return of -5.1 percent.
There is no change at the top when the one-year window is considered. Edelweiss Gold and Silver ETF FoF remains ahead with 69.5 percent.
Return rankings across mutual funds can shift when the comparison window changes. This makes it useful to read the headline return along with shorter and longer return periods.
Table: Top 5 gold fund-of-funds funds by three-year CAGR return
| Fund name | 3-year return (%) | AUM (Rs crore) | 1-month return (%) | 3-month return (%) | 6-month return (%) | 1-year return (%) |
|---|---|---|---|---|---|---|
| Edelweiss Gold and Silver ETF FoF | 37.4 | 2,888.9 | -4.7 | -7.0 | -10.2 | 69.5 |
| Motilal Oswal Gold and Silver Passive FoF | 34.5 | 2,582.9 | -3.8 | -6.2 | -10.8 | 55.6 |
| SBI Gold | 32.2 | 15,294.3 | -2.6 | -5.1 | -6.2 | 42.9 |
| ICICI Pru Gold ETF FOF | 32.0 | 6,265.1 | -2.7 | -5.2 | -6.7 | 42.5 |
| HDFC Gold ETF FoF | 31.9 | 11,019.5 | -2.5 | -5.1 | -6.7 | 42.4 |
Note: The ranking considers only schemes with minimum assets under management of Rs 1,500 crore. Returns and AUM are according to ACE MF data on August 3. One-year and three-year returns are CAGR; one-month, three-month and six-month returns are absolute returns. AUM is in Rs crore.
What is a gold fund-of-funds fund?
Funds in the fofs – gold category should be assessed against schemes with similar investment mandates. Return comparisons across unrelated categories may not be meaningful because risk, asset allocation and portfolio strategy can differ sharply.