Domestic fund house Tata Mutual Fund on Monday said that subscription to its Tata Silver ETF Fund of Funds (FoF) scheme will be suspended until further notice. In a communication to potential investors, the mutual fund provider said that the change will take effect from the next day, October 14.
The information was included in the scheme's information document (SID), it noted.
Tata Silver ETF Fund of Funds
The fund -- an open-ended scheme -- invests in the Tata Silver Exchange Traded Fund and aims to generate returns in line with domestic silver prices.
Add Zee Business as a Preferred Source
The Tata Silver Exchange Traded Fund is commonly known as Tata Silver ETF.
Tata Mutual Fund manages both direct and regular plans of the FoF.
Why this move?
The fund house said that the decisio