Summary of this article
Tata Mutual Fund has resumed fresh investments in its Silver ETF Fund-of-Fund, effective October 24.
The temporary halt from October 14 was due to high silver premiums and tight supply.
All investment modes, lump-sum, SIP, STP, and switch-ins, are now allowed, with other fund houses also reopening their silver ETF FoFs.
Tata Mutual Fund on Friday said it has resumed fresh investments in its Silver ETF Fund-of-Fund scheme (FoF) following the normalisation of market conditions.
Earlier, lump-sum investment, switch-in into the scheme, and fresh registration of systematic investment plan (SIP) and systematic transfer plan (STP) into the scheme were suspended from October 14.
The temporary pause was a precautionary measure taken amid elevated silver premiums and tight supply.
Considering the normalisation of market conditions, it has been decided to resume all lump-sum investments, switch-in, fresh SIPs, and STPs in the Tata Silver Exchange Traded Fund (ETF) Fund-of-Fund, effective October 24, the fund house said in a statement.
Apart from Tata Mutual Fund, several fund houses have resumed fresh investments in their Silver ETF FoF.
