WHAT ARE GOLD & SILVER MUTUAL FUNDS?

Gold and Silver Mutual Funds are Fund of Funds (FoF) that invest in underlying Gold or Silver ETFs. Since they operate as mutual funds, you do not need a demat account — you simply invest via any mutual fund platform, your broker app, or directly through the AMC website.

The fund holds units of the corresponding ETF (e.g. Nippon India Gold ETF), which in turn holds physical gold or silver. This gives you exposure to the actual metal price without the need to store physical metal or open a separate demat account.

This makes Gold & Silver Mutual Funds the simplest and most accessible way to invest in precious metals — especially for first-time investors or those who prefer the familiar SIP route.

HOW IT WORKS
1
You invest in the Mutual Fund
Via SIP or lump sum, through any MF platform (MFCentral, Groww, Zerodha Coin, CAMS, etc.) or directly through the AMC. Minimum SIP typically ₹500/month.
2
Fund invests in ETF units
The AMC pools your money and purchases units of the underlying Gold or Silver ETF traded on NSE/BSE. The ETF in turn holds actual physical metal in SEBI-regulated vaults.
3
NAV reflects metal price
Your fund's NAV moves in line with domestic gold/silver prices. You buy and redeem at end-of-day NAV — not at live market price like an ETF.
4
Redeem anytime
Submit a redemption request on any business day. Proceeds are credited to your registered bank account within T+3 working days. No lock-in period.
DOCUMENTS REQUIRED

All mutual fund investments in India require a one-time KYC (Know Your Customer) verification. Once KYC is complete, you can invest in any mutual fund — gold, silver, equity, or debt — without repeating the process.

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PAN Card
Mandatory for all mutual fund investments above ₹50,000. Required for KYC registration.
MANDATORY
📋
Aadhaar Card
Used for eKYC via OTP. Mobile number must be linked to Aadhaar for instant online KYC.
MANDATORY
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Bank Account Details
Cancelled cheque or bank statement showing account number and IFSC code. All payouts go to this account.
MANDATORY
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Passport Size Photograph
Required for physical / offline KYC. For eKYC (online), a selfie may suffice on most platforms.
MANDATORY
📱
Mobile Number
Linked to Aadhaar for OTP-based eKYC. Also used for transaction alerts and OTP verification.
MANDATORY
📧
Email Address
For account statements, transaction confirmations, and annual reports from the AMC.
RECOMMENDED

✔ eKYC is fully online — complete in under 5 minutes using Aadhaar OTP. No branch visit required. KYC done once is valid across all AMCs and mutual funds in India (CKYC registry).

HOW TO GET STARTED
1
Complete KYC — one time only
If you've invested in any mutual fund before, your KYC is already done. New investors complete eKYC online via Aadhaar OTP in under 5 minutes. Valid permanently across all AMCs.
2
Choose Gold or Silver (or both)
Decide whether you want gold exposure, silver, or a mix of both. Gold is more stable; silver is more volatile but tends to have higher upside in commodity bull runs.
3
Pick a scheme
Select from the fund list below. All gold FoFs track the same metal — the primary differences are expense ratio and tracking efficiency of the underlying ETF.
4
Set up SIP or invest lump sum
SIP minimum is typically ₹500/month. Lump sum typically ₹1,000 or more. You can increase, pause, or stop SIP anytime — no penalty, no exit load after 15 days (varies by fund).
5
Contact Sirius Capital for personalised guidance
We'll help you select the right scheme, decide the right allocation, and set up the investment — all at no extra charge. Call us at +91 22 6751 3070 or enquire online.
GOLD FUND SCHEMES

All schemes listed are Fund of Funds investing in domestic Gold ETFs. They track domestic gold prices (INR), which include both international gold price and USD/INR movement.

Scheme Name AMC Underlying ETF Min. SIP
▸ GOLD FUNDS
Nippon India Gold Savings FundGrowth option available NIPPON Nippon India Gold ETF ₹100
SBI Gold FundGrowth option available SBI MF SBI — ETF Gold ₹500
HDFC Gold FundGrowth option available HDFC MF HDFC Gold ETF ₹100
ICICI Prudential Regular Gold Savings FundGrowth option available ICICI PRU ICICI Pru Gold ETF ₹100
Kotak Gold FundGrowth option available KOTAK Kotak Gold ETF ₹100
Axis Gold FundGrowth option available AXIS Axis Gold ETF ₹100
Aditya Birla Sun Life Gold FundGrowth option available ABSL ABSL Gold ETF ₹100
Quantum Gold Savings FundDirect plan available QUANTUM Quantum Gold ETF ₹500
DSP Gold Fund of FundGrowth option available DSP DSP Gold ETF ₹100
▸ SILVER FUNDS
Nippon India Silver ETF Fund of FundGrowth option available NIPPON Nippon India Silver ETF ₹100
ICICI Prudential Silver ETF Fund of FundGrowth option available ICICI PRU ICICI Pru Silver ETF ₹100
Aditya Birla Sun Life Silver ETF FoFGrowth option available ABSL ABSL Silver ETF ₹100
Kotak Silver ETF Fund of FundGrowth option available KOTAK Kotak Silver ETF ₹100
DSP Silver ETF Fund of FundGrowth option available DSP DSP Silver ETF ₹100
Axis Silver ETF Fund of FundGrowth option available AXIS Axis Silver ETF ₹100
Mirae Asset Silver ETF Fund of FundGrowth option available MIRAE Mirae Asset Silver ETF ₹99

Minimum SIP amounts are indicative and may vary. Confirm current minimums with the AMC or your distributor. All funds are SEBI-regulated. Contact Sirius Capital for personalised scheme selection.

TAXATION

Gold and Silver Mutual Funds are treated as non-equity funds for tax purposes. As per current rules (post Finance Act 2023):

Gains from these funds are added to your total income and taxed at your applicable income tax slab rate, regardless of the holding period. The earlier distinction of short-term vs. long-term capital gains (with 20% + indexation for 3+ year holding) no longer applies.

Consult your tax advisor for your specific situation. Tax laws are subject to change each budget.