# Gold ETFs Halted Ahead of Festive Season

> Three Indian mutual funds pause new gold ETF investments as rupee weakens.
- Title: Gold ETFs Halted Ahead of Festive Season · The Economic Times
- Summary: Three Indian mutual funds pause new gold ETF investments as rupee weakens. HDFC, ICICI Prudential and Tata Mutual Fund temporarily restrict fresh gold ETF…
- Keywords: hdfc mutual fund, icici prudential, tata mutual fund, gold etf fofs, festive season, rupee depreciation, gold imports, Gold, ETFs, Halted, Ahead, Festive
- Source: The Economic Times — https://economictimes.indiatimes.com/industry/cons-products/fashion-/-cosmetics-/-jewellery/hdfc-icici-prudential-tata-mutual-fund-halt-fresh-investments-in-gold-etfs-ahead-of-festive-season/articleshow/134976024.cms
- Author: Rakshanda Sharma
- Published: 2026-10-15T19:38:00+00:00
- Read time: 1 min
- Topics: hdfc mutual fund, icici prudential, tata mutual fund, gold etf fofs, festive season, rupee depreciation, gold imports
## Mutual Funds Halt Gold ETF Investments
HDFC Mutual Fund, ICICI Prudential and Tata Mutual Fund restricted fresh investments in gold fund-of-funds ahead of festive season.
## Investor Restrictions Apply
Investors can redeem existing investments but new lump-sum, switch-ins, top-ups and sip/stp registrations are temporarily restricted.
## Festive Season Timing
Tata Mutual Fund temporarily restricts fresh and additional lump-sum investments from October 16.
## IBJA President Confirms
IBJA president Surendra Mehta said restrictions avoid rush into gold FoFs during festive season.
## Rupee Depreciation Impact
Rupee lost 7% this year as gold imports rose and foreign investors sold indian equities.
## Gold Import Bill Pressure
India's gold import bill increased as rupee weakened and geopolitical tensions drove up commodity prices.
## Key takeaway

HDFC, ICICI Prudential and Tata Mutual Fund temporarily restrict fresh gold ETF FoF investments ahead of festive season due to rupee depreciation and rising gold imports.