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The Economic Times
The Economic Times
Business
Surbhi Khanna

HDFC, Kotak, ICICI Prudential among 17 mutual fund houses to temporarily restrict subscriptions in gold ETF FoFs

Mutual Funds Gold ETF SEBI Amfi Twitter Inc.

Around 17 mutual fund houses have temporarily restricted fresh subscription in their gold ETF FoFs with effect from October 15 and October 16. These fund houses informed about this to its unitholders through a notice cum addendum.

The fund houses have not specified the reason for these temporary restrictions. However, the fund houses said that during this suspension period, redemption, SWP, Switch out and STP-out will continue.

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