Axis and Tata Mutual Fund Temporarily Restrict Large Inflows in Gold Schemes

Axis Mutual Fund and Tata Mutual Fund have announced temporary restrictions on fresh subscriptions into their gold investment schemes. The move follows similar announcements by ICICI Prudential Mutual Fund, Nippon India Mutual Fund and HDFC Mutual Fund as the industry takes steps to limit large inflows into gold-related products. 

Axis Mutual Fund and Tata Mutual Fund Announce Restrictions 

Axis Mutual Fund has stopped accepting direct subscriptions of ₹25 crore and above into its Axis Gold ETF from large investors with effect from June 8, 2026. However, transactions by market makers and authorised participants will continue. 

The fund house has also capped lump-sum subscriptions and switch-in transactions into Axis Gold Fund at less than ₹10 lakh per PAN per calendar month. Transactions exceeding the limit after the applicable cut-off time will not be processed. 

Similarly, Tata Mutual Fund has temporarily suspended direct subscriptions of ₹25 crore and above into Tata Gold Exchange Traded Fund for large investors, while market makers and authorised participants remain exempt from the restriction. 

In addition, lump-sum purchases and switch-in transactions into Tata Gold ETF Fund of Fund have been restricted to ₹10 lakh per PAN per calendar month. 

Industry-Wide Measures on Gold Schemes 

The latest announcements come after ICICI Prudential Mutual Fund, Nippon India Mutual Fund and HDFC Mutual Fund introduced similar temporary restrictions on large investments into gold schemes. 

The measures are aimed at limiting sizeable inflows into gold investment products while continuing to allow retail participation within prescribed limits. The restrictions are temporary and will remain in force until further notice. 

Read More: NFO Alert: ICICI Prudential Mutual Fund Launches Nifty Smallcap 250 ETF 

Redemption Facilities Continue 

Both fund houses have clarified that redemption facilities for existing investors will continue as usual. Tata Mutual Fund has also stated that switch-out transactions and Systematic Withdrawal Plans (SWPs) will remain unaffected by the temporary restrictions. 

Conclusion 

Axis Mutual Fund and Tata Mutual Fund have joined other leading asset management companies in temporarily restricting large subscriptions into gold schemes. The measures apply to high-value investments while redemption facilities and certain investor transactions continue to remain available. 

Want to read stock market updates in Hindi? Angel One News gives comprehensive share market news in Hindi.   

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.  

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.