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ICICI Prudential halts new inflows into Silver ETF FoF
ICICI Prudential paused new investments in its Silver ETF FoF due to high silver prices and tight supply, joining other fund houses in managing commodity risk exposure.
ICICI Prudential Mutual Fund suspended new subscriptions into its Silver ETF Fund of Fund, citing elevated silver prices and declining physical availability. The fund house joined four peers in pausing inflows amid concerns about short-term overvaluation. Fund managers stated that existing investors’ units remain unaffected, while SIPs will resume once pricing normalizes. Analysts see the decision as a prudent risk-control measure during global commodity turbulence, with silver trading at record highs against industrial demand uncertainty and tighter bullion supply chains.