HDFC and Axis Mutual Fund resume subscriptions in gold ETFs and gold ETF FoFs

HDFC Mutual Fund and Axis Mutual Fund have resumed subscriptions in their respective gold ETFs, gold funds and gold ETF FoFs after Tata Mutual Fund and Aditya Birla Sun Life Mutual Fund announced resumption of subscription in their respective gold based funds.

According to a notice cum addendum, HDFC Mutual Fund announced that based on the temporary restrictions on lumpsum subscriptions in HDFC Gold ETF and HDFC Gold ETF Fund of Fund, it has now been decided to resume subscriptions in the HDFC Gold ETF Fund of Fund with effect from August 14.

Also Read | Tata Mutual Fund resumes subscription for large investors in gold ETF, removes lumpsum limits for Gold ETF FOF


The scheme will resume accepting subscriptions through lumpsum purchases/ switch-ins without any restriction.

Similarly, Axis Mutual Fund announced that it has decided to withdraw the temporary restrictions on lump-sum subscriptions in the gold ETF and gold fund. In Axis Gold ETF, the subscription transactions by large investors for an amount exceeding Rs 25 crores directly with Axis Mutual Fund shall be accepted with effect from August 18, 2026.

In Axis Gold Fund, lumpsum subscriptions / switch - ins in the scheme, without any restrictions, shall be accepted with effect from August 18, 2026.

All other terms and conditions of the SID and KIM of the schemes of the fund shall remain unchanged. This Notice-cum-Addendum forms an integral part of the SID and KIM of the schemes of the fund, as amended from time to time.

On Friday, Tata Mutual Fund announced that it has resumed Tata Gold ETF subscriptions for large investors investing Rs 25 crore and above. It has also removed investment limits on lump-sum purchases and switch-ins to the Tata Gold ETF FOF.

The changes are effective from August 21 and the above revision will be implemented prospectively and shall remain in force till further notice.

Aditya Birla Sun Life Mutual Fund decided to recommence the acceptance of fresh lumpsum subscriptions and switch-in application(s) in Aditya Birla Sun Life Gold Fund without any restriction, with effect from August 13, 2026.

The fund houses said that this change has been decided in view of the normalization of market conditions.

Earlier in June 2026, several mutual fund houses temporarily halted subscriptions to gold-linked schemes to manage large capital inflows. HDFC Mutual Fund imposed restrictions on June 4, followed by Axis Mutual Fund on June 5 and June 10, while Tata Mutual Fund introduced restrictions from June 8.

Also Read | Four mutual funds restrict large inflows into gold ETFs and FoFs; Rs 25 crore cap imposed

The move came amid heightened demand for Gold ETFs after the government raised the import duty on physical gold as part of efforts to address the trade deficit. The surge in demand put pressure on fund houses to source physical gold to back new ETF units, even as the supply chain remained constrained.

To manage these institutional inflows, fund houses temporarily capped large direct investments and retail lump-sum purchases in their gold-linked schemes.

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