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Indian AMCs consider gold ETF restrictions after HDFC MF move

Created at 5 Jun · 7:44 AM1 source↑ Market-relevant
IN SHORT

Top Indian Asset Management Companies (AMCs) are evaluating restrictions on bulk investments in gold ETFs and Funds of Funds, following HDFC Mutual Fund's similar move. These AMCs manage over Rs 1.3 lakh crore in gold products.

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Key Numbers

Rs 1.3 lakh croreAssets under management in gold ETFs by top AMCs

Who's Involved

HDFC Mutual Fund
Initiated restrictions on bulk investments in gold ETFs and gold FoFs
Top AMCs
Evaluating similar investment restrictions on gold ETFs

↳ Why This Matters

These potential restrictions by major asset managers could impact the flow of funds into gold ETFs, potentially influencing their prices and the broader gold market in India.

Key facts

  • HDFC Mutual Fund restricted bulk investments in gold ETFs and gold FoFs.
  • Other top AMCs are considering similar restrictions.
  • The AMCs involved manage over Rs 1.3 lakh crore in gold products.

Top Asset Management Companies (AMCs) in India are reportedly considering implementing restrictions on bulk investments in gold Exchange Traded Funds (ETFs) and Gold Funds of Funds (FoFs). This potential move follows a similar decision made by HDFC Mutual Fund, which recently restricted large investments in its gold ETF and FoF schemes. The AMCs that are contemplating these measures collectively manage a significant portion of the Indian gold ETF market, with assets under management exceeding Rs 1.3 lakh crore.

Frequently asked questions

HDFC Mutual Fund restricted bulk investments in its gold ETF and gold Fund of Funds schemes.

They are evaluating similar restrictions following HDFC MF's decision, potentially to manage inflows and market stability.

The top AMCs considering these measures collectively manage over Rs 1.3 lakh crore in gold-linked products.

What Happens Next

01Other AMCs to announce their decisions on similar restrictions.

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How It Developed

5 Jun · 7:01 AM
Top AMCs are considering similar restrictions on gold ETFs following HDFC MF's move, impacting over Rs 1.3 lakh crore in assets.
NDTV via PiQSuite

Sources

T1
Top AMCs Evaluating Similar Restrictions On Gold ETFs After HDFC MF Movem.piqsuite.com

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