Economy · India
Mutual Funds Halt New Investments in Gold Funds
Mutual fund houses have stopped fresh inflows into all gold fund of funds (FoFs) that invest in gold exchange-traded funds (ETFs), following verbal instructions from markets regulator Sebi on Thursday evening. The halt is effective Friday. All gold ETFs from these fund houses will continue to be traded. This action comes amid pressure on the rupee and ahead of the festive season.
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- Centre (5 votes, 6 outlets): Business Standard, Haribhoomi, Mint, Patrika, The Economic Times · The Times of India (Times Group — 1 vote)