New Delhi, June 5 -- HDFC Mutual Fund and ICICI Prudential Mutual Fund have capped certain investment routes in their gold ETFs and gold ETF Fund of Funds (FoF) to slow inflows from corporate treasuries rather than deter retail participation, according to industry experts.

ICICI Prudential Mutual, which has one of the largest gold exchange-traded funds (ETFs), said it will not accept direct transactions from large investors, mainly institutional investors investing Rs.25 crore or more in the gold ETF, as per an addendum by the mutual fund. While HDFC Mutual Fund also did the same, it has also restricted lump sum investments in its gold FoF to Rs.10 lakh per individual per month, according to a press release.

Nippon India Mutual Fund and...