Metal and commodity mutual funds are currently gaining traction, driven by global supply constraints, energy transitions, and uncertain macroeconomic environments. The investors can utilise these funds for targeted exposure to benefit from economic expansion, industrial growth, and rising commodity prices.
In this article, we have profiled three commodity- and metal-focused mutual funds by analysing their investment strategies, portfolio composition, and historical performance to help you decide whether to add them to your watchlists. But before that, let’s quickly understand what a metal and commodity mutual fund is.
What is a metal mutual fund?
A metal mutual fund is an equity mutual fund that invests mainly in shares of metal and mining companies. You generally gain exposure to businesses involved in steel, aluminium, copper, zinc, iron ore, and related value chains, including mining, processing, and metal production. In India, these could be in the form of sectoral/ thematic funds that concentrate on metal-related stocks, so potential returns depend on how the metal sector performs.
You may also gain exposure to metals through some exchange-traded funds (ETFs) and funds of funds.
What are commodity funds?
Commodity mutual funds pool money from multiple investors to invest in assets related to commodities such as gold, oil, or agricultural products; commodity futures contracts; or commodity-based indices.
Commodity funds invest in physical commodities like gold, silver, or oil, or commodity-related assets like futures contracts and stocks of commodity-producing companies.
Metal and Commodity Mutual Funds to watch in 2026
ICICI Prudential Commodities Fund – Direct Plan
The ICICI Prudential Commodities Fund is an open-ended equity scheme that primarily invests in companies engaged in commodity and commodity-related sectors.
As of 30 April 2026, the fund’s Assets Under Management (AUM) stood at Rs 3,789 crore. Its latest NAV stood at Rs 51.9300 (As on 21-May-2026). Here are the major fund details:
The DSP Natural Resources & New Energy Fund is an equity mutual fund that follows a thematic investment approach. As of 30 April 2026, the fund’s Assets Under Management (AUM) stood at Rs 2,343 crore. Its latest NAV stood at Rs 125.2080 (As on 21-May-2026). Here are the major fund details:
The SBI Comma Fund is an open-ended equity scheme that invests predominantly in a portfolio of stocks from companies engaged in commodity and commodity-related sectors.
As of 30 April 2026, the fund’s Assets Under Management (AUM) stood at Rs 1,081 crore. Its latest NAV stood at Rs 127.4822 (As on 21-May-2026). Here are the major fund details:
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
