Several mutual fund houses have resumed fresh investments in their Silver Exchange Traded Fund (ETF) Fund of Funds (FoF) schemes, following temporary restrictions implemented earlier this month.
Kotak Mutual Fund reopened subscriptions to its Kotak Silver ETF Fund of Fund effective October 23. Investors can now invest via lump-sum, switch-ins, and new registrations for Systematic Investment Plans (SIP) or Systematic Transfer Plans (STP).
Similarly, Aditya Birla Sun Life Mutual Fund reopened its Aditya Birla Sun Life Silver ETF Fund of Fund from October 23, allowing fresh investments through lump-sum, switch-ins, SIPs, and STPs. Axis Mutual Fund resumed subscriptions in Axis Silver Fund of Fund earlier, effective October 20.
Tata Mutual Fund announced the resumption of subscriptions in Tata Silver ETF Fund of Fund effective October 24. The AMC had temporarily suspended lump-sum investments, switch-ins, and fresh registrations for SIPs and STPs from October 14, citing market conditions.
The fund invests in the Tata Silver ETF, which tracks domestic silver prices.
HDFC Mutual Fund had earlier reopened HDFC Silver ETF Fund of Fund after a temporary cap on fresh investments at ₹1 lakh per PAN per day, introduced on October 14, due to elevated domestic silver prices. The cap was lifted, restoring full access for lump-sum investments, switch-ins, and new SIP/STP registrations. Redemptions and existing SIPs/STPs were not affected during the restriction.
Industry observers noted that multiple AMCs had either temporarily suspended or capped inflows into silver-based passive schemes due to rising domestic silver premiums, which exceeded global benchmarks because of supply constraints. The recent resumption indicates normalisation of market conditions, allowing investors broader access to these funds once again.