Stir the milk, condensed milk, and dry milk powder together in a heavy-bottomed pan and bring to a boil.

Add the sugar and cardamom to the boiling milk. Reduce heat to low and simmer, stirring frequently, for 10 minutes. Remove from heat and allow to cool to room temperature. You can also add pistachio nuts for amazing taste.

Pour the mixture into popsicle molds and freeze until solid, about 1 hour. Your Malai Kulfi is ready.