HDFC Mutual Fund has announced the resumption of lumpsum subscriptions in its HDFC Gold ETF and HDFC Gold ETF Fund of Fund schemes, effective from August 14, 2026. According to the latest addendum from HDFC Asset Management Company, the fund house has implemented this change without any restrictions on lumpsum investments. This development represents a significant operational update for the mutual fund's gold-focused investment products, marking the end of temporary restrictions that were implemented in June 2026.
The resumption applies to both HDFC Gold ETF and HDFC Gold ETF Fund of Fund schemes, as confirmed in the latest addendum. The fund house has confirmed that lumpsum subscriptions are now available across both these gold-focused investment products without any restrictions. This move indicates the fund house's confidence in the current market conditions and investor demand for gold-based investment products, with the change representing a shift from the previous operational framework that had been in place since June 2026.
The current resumption follows temporary restrictions that were implemented on June 8, 2026, as reported by Upstox. For HDFC Gold ETF, subscription transactions by large investors investing a minimum of ₹25 crore directly with HDFC Mutual Fund were restricted. For HDFC Gold ETF Fund of Fund, lump-sum purchases and switch-ins were capped at ₹10 lakh per PAN per calendar month. The restrictions were implemented "in light of the broader economic and market conditions" amid volatile market conditions and concerns over oil prices and inflation following the Iran war.
The resumption comes as gold ETFs witnessed a moderation in inflows, attracting ₹1,558 crore in July 2026 compared with ₹3,443 crore in June 2026, according to latest data from the Association of Mutual Funds in India (AMFI). HDFC was not the only fund house to introduce restrictions around gold-linked schemes, with ICICI Prudential Mutual Fund, Nippon India Mutual Fund and Tata Asset Management also announcing restrictions on large inflows into gold ETFs or Gold FoFs. The fund house's latest addendum does not specify the reason for removing the restriction at this stage, though it forms an integral part of the Scheme Information Document that will be modified accordingly.
