17 mutual fund houses in India, including HDFC, Kotak and UTI, have suspended fresh gold investments in gold ETFs and gold fund of funds ahead of the Dussehra and Diwali season. The curbs cover bulk subscriptions, new SIP and STP registrations, and switch-ins, with details varying by fund house. Existing holdings are not frozen, and investors can keep redeeming gold ETF units while existing SIPs continue at the prevailing NAV. The fund houses gave no reason, though a fund executive told Reuters the decision followed discussions with SEBI, which has not confirmed it. Recent trade data shows gold imports fell to US$1.8bn in September from US$2.3bn in August, while the trade deficit widened to US$30.21bn.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on moneylife.in ↗
Related tickers and likely impact
XAU/USD
▼ Likely negativeRelevance: low
| Market | Gold |
|---|---|
| Close on 10/15/2026 | 4,170.88 |
| Change that session | +1.59% |
PAXG/USDT
▼ Likely negativePAX Gold
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $1.8B |
| Close on 10/15/2026 | 4,158.19 |
| Change that session | +0.85% |
XAUT/USDT
▼ Likely negativeTether Gold
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $3.4B |
| Close on 10/15/2026 | 4,153.45 |
| Change that session | +1.01% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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