UTI MF, Axis AMC suspend lump sum subscription for gold ETFs, fund of fund
This story was originally published at 19:00 IST on 8 June 2026
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MUMBAI – UTI Mutual Fund and Axis Asset Management Co. Ltd. have also announced temporary restrictions on lump sum subscription to gold exchange traded fund schemes. UTI Mutual Fund has halted investments for 'UTI Gold ETF' and 'UTI Gold ETF Fund of Fund', while Axis AMC has restricted subscription to 'Axis Gold ETF' and 'Axis Gold Fund.'
For UTI Gold ETF and Axis Gold ETF, subscription transactions by large investors exceeding INR 250 million directly will not be accepted from Monday. Lump sum purchases or switch-ins into the UTI Gold ETF fund of fund will be processed only up to a limit of INR 1 million per permanent account number per calendar month, at the first holder level, from Tuesday. For Axis Gold Fund, no lump sum subscriptions or switch-ins into the scheme of INR 1 million or above per PAN per month will be accepted in the scheme after the cut-off time of 1500 IST Monday. End
Reported by Ashutosh Pati
Edited by Avishek Dutta
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