Aditya Birla Sun Life MF caps fresh inflows to gold ETF at INR 2.5 mln
This story was originally published at 13:41 IST on 9 June 2026
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MUMBAI – Aditya Birla Sun Life Mutual Fund has temporarily restricted subscription to its 'Aditya Birla Sun Life Gold ETF' and 'Aditya Birla Sun Life Gold Fund' effective Tuesday. Transactions exceeding INR 2.5 million will not be accepted in the case of the fund house's ETF, according to an addendum from the fund's investment manager, Aditya Birla Sun Life AMC Ltd.
The fund house also capped the inflow for lump sum subscription and switch-in applications at INR 1 million per permanent account number per month. This limit will apply to transactions after the cut-off time of 1500 IST Monday.
This comes amid announcements capping fresh inflows to exchange traded funds by industry peers since last week. So far, big names such as HDFC Mutual Fund, ICICI Prudential Asset Management Co., Tata Mutual Fund, UTI Mutual Fund, and Axis Asset Management Co. Ltd., have imposed restrictions on their respective gold exchange traded fund schemes.
While fund houses have not particularly specified the reason for introduction of such restrictions on gold related funds, the government had called for adopting austerity measures in the wake of the West Asia war, and restricting purchases of gold. In a bid to dissuade people from making non-essential gold purchases and save foreign exchange, the government had raised the import duty on gold to 15% from 6% in May. End
Reported by Gopika Balasubramanium
Edited by Avishek Dutta
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