New Delhi, Oct 9 (PTI) Kotak Mutual Fund on Thursday said it has temporarily suspended lump sum or switch-in subscriptions in Silver ETF Fund of Fund (FoF) in a bid to protect the interest of customers in view of the unprecedented rise in the metal price in recent weeks.
Domestic silver is currently trading at a significant premium compared to international prices due to acute scarcity in India's physical silver market, the fund house said in a statement.
In the best interest of our investors, Kotak Mahindra Mutual Fund suspended lump sum or switch-in investments in Kotak Silver ETF Fund of Fund effective October 10, 2025, it said in a statement.
However, SIP (Systematic Investment Plan)/STP (Systematic Transfer Plan) investments will continue uninterrupted, it added.
This temporary restriction on lump sum/switch-in investments should not be interpreted as a negative view on silver as a commodity, it said.
The selling premium remains modest at approximately 3 per cent, and we continue to maintain a constructive outlook on silver from a long-term investment perspective, it said.
This measure is purely aimed at protecting investors from entering at inflated domestic premiums, it added.
This report includes content sourced from Press Trust of India (PTI), edited for clarity and context.
