Axis Mutual Fund said lump-sum transactions of ₹25 crore or more in Axis Gold ETF will be restricted with effect from June 8. The fund house has also capped lump-sum purchases and switch-in transactions in Axis Gold Fund at ₹10 lakh per PAN per month from June 9.
Similarly, Aditya Birla Sun Life Mutual Fund has imposed restrictions on its gold schemes effective June 9. Under the revised norms, lump-sum transactions of ₹25 crore or more in Aditya Birla Sun Life Gold ETF will not be accepted, while lump-sum purchases and switch-ins into Aditya Birla Sun Life Gold Fund will be limited to ₹10 lakh per PAN per month.
The latest measures come amid sustained investor interest in gold-backed investment products following a sharp rally in gold prices. Strong inflows into gold exchange-traded funds (ETFs) and gold-oriented mutual fund schemes have prompted several fund houses to introduce temporary restrictions on fresh investments.
In recent days, Tata Mutual Fund, Nippon India Mutual Fund, ICICI Prudential Mutual Fund and HDFC Mutual Fund have also announced similar curbs on subscriptions in select gold ETF and gold fund offerings.
While fund houses have cited prevailing market and economic conditions, such restrictions are typically introduced to manage large inflows and operational requirements during periods of heightened demand.
The curbs announced by Axis Mutual Fund and Aditya Birla Sun Life Mutual Fund apply to fresh subscriptions and switch-ins. Existing investors can continue to redeem units in accordance with the respective scheme provisions.
The growing number of fund houses introducing subscription limits highlights the strong demand for gold-linked investment products as investors continue to seek exposure to the precious metal amid market uncertainty and elevated gold prices.
First Published: Jun 10, 2026 9:08 AM IST
