Some of India's leading asset management companies announced on Thursday that they will implement subscription restrictions on gold exchange-traded funds and fund products in related funds. At least six institutions, including Tata Mutual Fund, ICICI Prudential Asset Management, HDFC Mutual Fund, Aditya Bira Sun Life Asset Management, and DSP, submitted separate documents to publish the restrictions on Thursday evening. Although the asset management agency did not explain the reason for the decision, outsiders believe that the background of this move is the weakening of India's local currency, and the market's demand for allocating precious metals through ETFs continues to be strong.

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