Major mutual fund houses such as HDFC Mutual Fund, ICICI Prudential Mutual Fund, Nippon India Mutual Fund and Tata Mutual Fund have introduced temporary restrictions on large investments into gold ETFs and related schemes.
For instance, HDFC, ICICI Prudential and Tata Mutual Fund have set a cap on direct subscriptions above Rs 25 crore, while HDFC and Tata Mutual have also restricted fresh lump-sum investments into their Gold ETF Fund of Fund to Rs 10 lakh per PAN card per month.
