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The Economic Times
The Economic Times
Surbhi Khanna

HDFC Mutual Fund limits subscription in its gold ETF and FoF. What this means for investors?

Gold HDFC Mutual Fund ETF Feroze Azeez India Deficit Navneet Munot

In a first-of-its-kind move, HDFC Mutual Fund has temporarily restricted lumpsum subscriptions into its HDFC Gold ETF and HDFC Gold ETF Fund of Fund (FoF), citing broader economic and market conditions. The decision comes amid a sharp rally in gold prices and a surge in investor inflows into gold-backed investment products.

Under the revised rules, the direct subscriptions of Rs 25 crore and above into the HDFC Gold ETF by large investors will not be accepted from June 8. In the HDFC Gold ETF Fund of Fund, lump-sum purchases and switch-ins will be capped at Rs 10 lakh per PAN per calendar month from June 5. Existing SIPs and smaller investments remain unaffected.

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