Amid gold import duty hike concerns, HDFC Mutual Fund withdraws Gold-Silver FoF NFO

Amid concerns around gold market dynamics, HDFC Mutual Fund has announced the withdrawal of the New Fund Offer (NFO) of HDFC Gold Silver Passive FOF. The NFO was originally scheduled to open on May 15, 2026 and close on May 29, 2026. However, the fund house has decided to withdraw the launch without disclosing specific reasons for the move.

The latest announcements reflect ongoing operational and strategic updates within HDFC AMC’s mutual fund business and product offerings.

According to the addendum issued by the fund house, Apoorva Jindal brings nearly 14 years of professional experience, including around 11 years in credit analysis. He holds a Bachelor of Commerce degree from Mumbai University, is a Chartered Accountant from the Institute of Chartered Accountants of India, and has cleared CFA Level III from the CFA Institute, USA.

Prior to his elevation as Key Personnel, Jindal served as Credit Analyst – Fixed Income – PMS at HDFC AMC between April 1, 2026 and May 10, 2026. He has also worked with ICICI Prudential Asset Management Company as Associate Vice President – Risk Management, along with earlier stints at STCI Finance and ATC Tires.

HDFC AMC stated that the appointment details have now been incorporated into the ‘Information on Key Personnel’ section of the SAI dated June 30, 2025. The addendum will form an integral part of the Statement of Additional Information, as amended from time to time.