Following Kotak and UTI, SBI Mutual Fund has temporarily stopped accepting new inflows into its Silver ETF, citing stretched valuations and domestic supply tightness. The decision reflects rising premiums in the Indian silver market versus international benchmarks. Fund houses are cautious about NAV distortions. Existing SIPs and redemptions continue unaffected. This curtailment may induce further volatility in silver-linked funds until supply and pricing normalize.