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Informist, Thursday, Jun. 4, 2026

MUMBAI – HDFC Mutual Fund Thursday said it has decided to temporarily suspend lump-sum subscriptions to "HDFC Gold ETF" and "HDFC Gold ETF Fund of Fund." The decision has been taken "in light of the broader economic and market conditions," it said in a release.

For the gold exchange-traded funds, subscription transactions by large investors directly with HDFC Mutual Fund will not be accepted from Monday. This limit applies to a minimum of INR 250 million. Lump-sum purchases or switch-ins into the fund of fund will be processed up to INR 1 million per permanent account number per month at the first holder level, it said. This limit will apply in respect of transactions received after the cut-off time of 1500 IST Friday. All other terms and conditions of the schemes will remain unchanged, it said.

These developments come at a time when rising energy prices due to the war in West Asia have stoked concerns of higher inflation. The Centre had in May raised import duties on gold to 15% to dissuade people from non-essential gold purchases and save foreign exchange.  End

Reported by Ashutosh Pati

Edited by Deepshikha Bhardwaj

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