neutral
Kotak MF halts lumpsum investments into Silver ETF amid price premium
Kotak Mutual Fund has temporarily suspended acceptance of new lumpsum and switch-in investments into its Silver ETF / Fund-of-Funds, citing a steep domestic premium on silver prices of around 5.7%. The suspension does **not** affect ongoing SIPs or redemption requests. The move comes amid surging demand in silver ETFs, likely intended to protect new investors from overpaying due to supply constraints. The restriction will be reviewed daily as premiums stabilize.
Companies:
- Kotak Mahindra AMC
Tags:
- mutual funds
- silver
M• By Sneha Pathak
Explore:High Return Equity Mutual Fund
neutral
Kotak MF halts lumpsum investments into Silver ETF amid price premium
Kotak Mutual Fund has temporarily suspended acceptance of new lumpsum and switch-in investments into its Silver ETF / Fund-of-Funds, citing a steep domestic premium on silver prices of around 5.7%. The suspension does **not** affect ongoing SIPs or redemption requests. The move comes amid surging demand in silver ETFs, likely intended to protect new investors from overpaying due to supply constraints. The restriction will be reviewed daily as premiums stabilize.
Companies:
- Kotak Mahindra AMC
Tags:
- mutual funds
- silver
M• By Sneha Pathak
Explore:High Return Equity Mutual Fund
1 min read
70 words
Kotak pauses new lumpsum in Silver ETF due to elevated price premium.
Kotak Mutual Fund has temporarily suspended acceptance of new lumpsum and switch-in investments into its Silver ETF / Fund-of-Funds, citing a steep domestic premium on silver prices of around 5.7%. The suspension does **not** affect ongoing SIPs or redemption requests. The move comes amid surging demand in silver ETFs, likely intended to protect new investors from overpaying due to supply constraints. The restriction will be reviewed daily as premiums stabilize.
Kotak Mutual Fund has temporarily suspended acceptance of new lumpsum and switch-in investments into its Silver ETF / Fund-of-Funds, citing a steep domestic premium on silver prices of around 5.7%. The suspension does **not** affect ongoing SIPs or redemption requests. The move comes amid surging demand in silver ETFs, likely intended to protect new investors from overpaying due to supply constraints. The restriction will be reviewed daily as premiums stabilize.
Companies:
- Kotak Mahindra AMC
Tags:
- mutual funds
- silver
- mutual funds
- silver
- ETF
- premium
- Kotak