HDFC Mutual Fund to resume unrestricted lump-sum subscriptions in Gold ETF FoF from August 14

HDFC Asset Management Company (AMC) has announced an addendum to the Scheme Information Document (SID) and Key Information Memorandum (KIM) of the scheme.

"Further to the addendum dated June 4, 2026, on temporary restrictions on lump-sum subscriptions in HDFC Gold ETF and HDFC Gold ETF Fund of Fund, HDFC Mutual Fund has informed that it has now decided to resume subscriptions in HDFC Gold ETF Fund of Fund," HDFC Asset Management Company said in an addendum.

Accordingly, the scheme will resume accepting subscriptions through lump-sum purchases and switch-ins without any restriction, with effect from August 14, 2026.

Why were subscriptions restricted?

In its June 4 addendum, HDFC Mutual Fund had announced temporary restrictions on lump-sum subscriptions in HDFC Gold ETF and HDFC Gold ETF Fund of Fund.

For HDFC Gold ETF, subscription transactions by large investors investing a minimum of ₹25 crore directly with HDFC Mutual Fund were restricted from June 8.

For HDFC Gold ETF Fund of Fund, lump-sum purchases and switch-ins were capped at ₹10 lakh per PAN per calendar month. Upstox report on the June restrictions

What did the restrictions mean for investors?

HDFC was also not the only fund house to introduce restrictions around gold-linked schemes. ICICI Prudential Mutual Fund, Nippon India Mutual Fund and Tata Asset Management had also announced restrictions on large inflows into gold ETFs or Gold FoFs.

What changes from August 14?

From August 14, the ₹10 lakh per PAN per calendar month restriction on lump-sum purchases and switch-ins in HDFC Gold ETF Fund of Fund will no longer apply.

The scheme will accept lump-sum purchases and switch-ins without any restriction.

HDFC's latest addendum does not specify the reason for removing the restriction at this stage.

The notice-cum-addendum forms an integral part of the SID of the schemes of the Fund, as amended from time to time. The SID of the schemes will stand modified to the extent mentioned above, while all other terms and conditions of the SID of the respective schemes will remain unchanged.