Mutual Funds Halt Bulk Subscriptions to Gold ETFs Ahead of Festive Season
Indian mutual funds have stopped bulk subscriptions to gold ETFs and gold ETF FoFs ahead of the festive season. This move affects new inflows into these funds, while existing SIPs continue as usual. Following this, jewellery stocks like PC Jeweller and Shanti Gold have rallied up to 10%. Investors are advised to understand the implications of this change.
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