Lump-sum purchases and switch-ins into HDFC Gold ETF Fund of Funds will be processed only up to Rs ₹10 lakh per PAN per calendar month
HDFC Asset Management Company, one of the largest mutual fund houses, has imposed temporary restrictions on large lump-sum investments in its gold exchange traded fund and gold ETF Fund of Funds (FoF) from June 5.In an addendum issued on Thursday, HDFC AMC said that, in light of the broader economic and market conditions, it has been decided to temporarily restrict lump-sum subscriptions in HDFC Gold ETF and HDFC Gold ETF Fund of Funds until further notice.Subscription transactions by large investors making a minimum investment of ₹25 crore in Gold ETF directly with HDFC Mutual Fund will not be accepted with effect from June 8, it said.Similarly, lump-sum purchases and switch-ins into HDFC Gold ETF Fund of Funds will be processed only up to ₹10 lakh per PAN per calendar month (at first-holder level). The limit will apply in respect of transactions received after the cut-off time of 3 pm on June 5, it said.The move comes at a time when the government is urging Indians to avoid buying gold for a year to lower the import Bill. The US-Iran conflict has led to surge in oil prices exerting pressure on rupee and forex reserves.Published on June 4, 2026
