SBI Mutual Fund has suspended fresh lump sum investments in its SBI Silver ETF Fund of Fund from Monday (October 13). The fund house cited tight physical silver supply and rising demand as the triggers for the move.

The scheme invests in the SBI Silver ETF, which tracks domestic silver prices. The fund house said premiums in domestic prices have distorted valuations, making it difficult to create new ETF units at indicative NAV.

The suspension covers all new lump sum purchases and switch-ins. Existing SIPs, STPs, redemptions and switch-outs will continue without disruption. The fund manager has clarified that the restriction is temporary and will stay in place until further notice.

No other terms of the scheme have been altered.

SBI’s decision follows similar actions by Kotak Mutual F

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