Overview

• SBI Mutual Fund suspended fresh lumpsum and switch-in subscriptions to its Silver ETF FoF effective Oct. 13, citing a surge in demand and limited metal availability that restricts unit creation at indicative NAV.
• UTI Mutual Fund will halt new lump-sum and switch-in inflows into its Silver ETF FoF from Oct. 13 and will cap new registrations for SIPs, STPs, SWPs and Flexi STPs at ₹5 lakh per day per registration.
• Kotak Mutual Fund announced on Oct. 9 a temporary stop on fresh and additional lumpsum and switch-in transactions into its Silver ETF FoF due to a domestic premium over international prices tied to scarce physical stock.
• All three fund houses said existing SIPs and STPs will continue, and redemptions and switch-outs remain permitted as per scheme documents.
• Notices describe the measures as temporary to protect investors, and market experts told NDTV Profit they expect restrictions to ease once supply improves and domestic prices realign with global levels.