Synopsis: In June 2026, 7 leading mutual fund houses have restricted large-sum inflows into their Gold ETFs and Fund of Funds (FoF) schemes.
India’s Gold ETF market has witnessed a surge of up to 4 times from ₹57,000 Crore in the start of 2025 to ₹2 trillion in December 2025. With experts warning that unchecked inflows increases the risk of widening India’s trade deficit and the rising gold import costs, the fund houses announced that the direct subscription of the amount ₹25 Crore and above into these ETF funds would not be accepted from the effective date.
HDFC Gold ETF
- NAV: ₹129.16
- AUM: ₹23,239 Crore
- Expense Ratio: 0.59%
- Effective Date: June 8, 2026
- 1 year return: 47.36%
HDFC Gold ETF Fund of Fund (Direct Plan)
- NAV: ₹47.28
- AUM: ₹11,464 Crore
- Expense Ratio: 0.2%
- Effective Date: June 5, 2026
- 1 year return: 55.65%
ICICI Prudential Gold ETF
- NAV: ₹129.45
- AUM: ₹26,381 Crore
- Expense Ratio: 0.49%
- Effective Date: June 5, 2026
- 1 year return: 50.10%
Kotak Gold Exchange Traded Fund
- NAV: ₹126.17
- AUM: ₹14,340 Crore
- Expense Ratio: 0.52%
- Effective Date: June 8, 2026
- 1 year return: 50.89%
Nippon India ETF Gold BeES
- NAV: ₹125.06
- AUM: ₹55,540 Crore
- Expense Ratio: 0.00%
- Effective Date: June 8, 2026
- 1 year return: 50.91%
Nippon India Gold Savings Fund (Direct Growth)
- NAV: ₹60.43
- AUM: ₹7,178 Crore
- Expense Ratio: 0.05%
- Effective Date: June 8, 2026
- 1 year return: 55.53%
Also read: Top 5 Dividend Yield Mutual Funds That Delivered Up to 20.4% CAGR in Past 3 Years
Tata Gold Exchange Traded Fund
- NAV: ₹14.68
- AUM: ₹5,858 Crore
- Expense Ratio: 0.35%
- Effective Date: June 8, 2026
- 1 year return: 54.50%
Tata Gold ETF FoF Direct Growth
- NAV: ₹23.26
- AUM: ₹1,445 Crore
- Expense Ratio: 0.28%
- Effective Date: June 8, 2026
- 1 year return: 53.84%
Birla Sun Life Gold ETF
- NAV: ₹132.94
- AUM: ₹2,808 Crore
- Expense Ratio: 0.44%
- Effective Date: June 9, 2026
- 1 year return: 50.73%
Aditya Birla Sun Life Gold Fund (Direct Growth)
- NAV: ₹45.70
- AUM: ₹1,731.63 Crore
- Expense Ratio: 0.22%
- Effective Date: June 9, 2026
- 1 year return: 56.53%
Axis Gold Exchange Traded Fund
- NAV: ₹126.03
- AUM: ₹5,311 Crore
- Expense Ratio: 0.58%
- Effective Date: June 8, 2026
- 1 year return: 48.93%
Axis Gold Direct Plan Growth
- NAV: ₹47.77
- AUM: ₹2,941.95 Crore
- Expense Ratio: 0.18%
- Effective Date: June 8, 2026
- 1 year return: 55.41%
Please Note: All the above mentioned data is as of June 9, 2026.
- Direct Subscription Limits: Direct subscriptions of ₹25 crore and above are no longer accepted from large institutional investors for direct Gold ETFs.
- Fund of Funds (FoF) Caps: Lumpsum purchases and switch-in transactions into Gold Fund of Funds (FoFs) are capped at ₹10 lakh per PAN per calendar month
Reason behind the Restriction
Gold ETFs require to be backed by physical gold stored in secured vaults legally. Continuous acceptance of new orders would make them unable to instantly deploy funds into physical gold at the fair institutional rates, so, slowing down the inflows are a way to support economic stability and prevent a rise in demand that can possibly widen India’s current account deficit further increasing the pressure on the rupee.
Disclaimer: The information provided in this article is for educational and informational purposes only and should not be considered financial advice or an investment recommendation. Mutual fund investments are subject to market risks, including the potential loss of capital. Past performance is not indicative of future results. Investors are advised to evaluate their risk tolerance and consult a certified financial advisor before making investment decisions.
Written by Jahnavi
