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Mutual fund houses restrict large gold ETF subscriptions: Aditya Birla Sun Life becomes sixth AMC to cap inflows

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By Sangeeta Ojha

3 min read | Updated on June 10, 2026, 10:22 IST

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SUMMARY

The fund house has issued a notice-cum-addendum to the Scheme Information Document (SID) and Key Information Memorandum (KIM) of Aditya Birla Sun Life Gold ETF and Aditya Birla Sun Life Gold Fund. The new rules will come into effect from June 09, 2026.

Aditya Birla Sun Life becomes sixth AMC to cap inflows

Aditya Birla Sun Life joins a broader industry trend, with multiple AMCs already tightening gold-related inflows. | Image: Shutterstock.

Gold investment products are seeing tighter controls as another major fund house moves to restrict fresh inflows. Aditya Birla Sun Life Mutual Fund has become the latest, and sixth, asset management company (AMC) to impose limits on subscriptions in its gold schemes, joining a growing list of peers taking similar steps.
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The fund house has issued a notice-cum-addendum to the Scheme Information Document (SID) and Key Information Memorandum (KIM) of Aditya Birla Sun Life Gold ETF and Aditya Birla Sun Life Gold Fund. The new rules will come into effect from June 09, 2026.

Under the revised framework, the AMC will stop accepting direct transactions of more than ₹25 crore from large investors in its Gold ETF. In the case of the Gold Fund, lump-sum investments and switch-ins will be capped at ₹10 lakh per PAN per month. Any application exceeding this limit after the cut-off time of 3:00 PM on June 08, 2026, will not be accepted.

The fund house said all other terms and conditions of the schemes will remain unchanged. The restrictions are temporary and will stay in force until further notice.

Aditya Birla Sun Life joins a broader industry trend, with multiple AMCs already tightening gold-related inflows amid strong investor demand and market conditions.

Earlier, other fund houses, including Axis Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, Nippon India Mutual Fund, and Tata Asset Management, have also imposed similar restrictions on their gold ETFs and gold fund-of-funds.
AMCSchemesDate
Axis Mutual FundGold ETF, Gold FundJune 8-9, 2026
HDFC Mutual FundGold ETF, Gold ETF FoFJune 5-8, 2026
ICICI Prudential Mutual FundGold ETFJune 5, 2026
Nippon India Mutual FundGold ETF, Gold Savings FundJune 8, 2026
Tata Asset ManagementGold ETF, Gold ETF FoFJune 8, 2026
Aditya Birla Sun Life AMCGold ETF, Gold FundJune 9, 2026

Most AMCs have cited elevated demand and broader market conditions as reasons for the curbs, signalling heightened interest in gold-backed investment products in recent months.

With six fund houses now implementing limits, gold ETFs and related schemes are witnessing one of the most coordinated rounds of inflow restrictions in recent times.

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Disclaimer: The information contained in this article is for informational purposes only and does not represent investment advice from Upstox. Investment decisions should be made based on independent research or consultation with a registered financial advisor. Past performance is not indicative of future results.

About The Author

sangeeta-ojha.webp
Sangeeta Ojha is a business and finance journalist with experience across leading media platforms like Mint and India Today. She has built a reputation for covering a wide range of personal finance topics, including income tax, mutual funds, insurance, savings and investing.

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