MUMBAI: Kotak Mutual Fund has temporarily suspended fresh lumpsum and switch in subscriptions in Kotak Silver ETF Fund of Fund, a scheme that invests in Kotak Silver ETF and tracks domestic price of silver.
Existing SIPs in the scheme will continue. “Domestic silver is currently trading at a significant premium compared to international prices due to acute scarcity in India’s physical silver market,” said the fund house in a note to investors, late on Wednesday evening.
The price spread between international landed prices and domestic silver prices, which were 0.51% on September 4, rose to 12% intra-day on October 9, before settling at 5.7%. The fund house anticipates that the shortage in domestic silver supply may persist through the end of October 2025. With this measure, the fund house aims at protecting investors from entering the white metal at inflated domestic premiums.
Add 
as a Reliable and Trusted News Source
as a Reliable and Trusted News Source
