New Delhi, June 8 -- India's biggest mutual fund houses are putting the brakes on fresh money flowing into gold ETFs.

HDFC Mutual Fund, ICICI Prudential Mutual Fund, Nippon India Mutual Fund and Kotak Mutual Fund have imposed restrictions on large subscriptions into their gold schemes over the past week, even as investor demand for the yellow metal remains strong.

HDFC Mutual Fund has barred direct subscriptions of Rs.25 crore or more into HDFC Gold ETF and capped lump-sum investments in HDFC Gold ETF Fund of Fund at Rs.10 lakh per PAN per month. ICICI Prudential Mutual Fund has imposed a similar Rs.25 crore limit on direct subscriptions into ICICI Prudential Gold ETF.

Nippon India Mutual Fund has restricted subscriptions into Nippon I...