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ICICI and HDFC Mutual Funds pause Silver ETF investments amid price spike
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ICICI and HDFC MFs paused fresh Silver ETF FoF investments after a domestic price spike and supply strain; SIPs continue as funds await market stabilization.
ICICI and HDFC Mutual Funds temporarily halted new investments in their Silver ETF funds of funds after sharp price surges and thin supply in domestic bullion markets. The pause follows similar actions by other AMCs citing valuation distortion and high premiums on silver contracts. Existing SIPs and redemptions will continue unaffected. Analysts expect fund re-openings once market liquidity and premiums normalize, reflecting broader volatility in precious-metal ETFs amid festive-season demand and global uncertainty.