Several Indian mutual fund houses, including ICICI Prudential, Kotak, Axis and Tata, have suspended bulk subscriptions to gold ETF fund-of-funds (FoFs) amid strong inflows, rupee pressure and rising gold demand. The restrictions cover new lump-sum investments and SIP registrations, while existing SIPs and redemptions remain unaffected. Investors can still buy gold ETFs through stock exchanges.
short by Neeraja Nath /
02:29 pm on 16 Oct