UTI Asset Administration Firm has briefly suspended new lump-sum and switch-in investments in its UTI Silver ETF Fund of Fund beginning October 13, 2025, citing prevailing market circumstances and a scarcity of bodily silver in India.
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UTI Asset Administration Firm has briefly suspended contemporary lump-sum and switch-in investments into the UTI Silver ETF Fund of Fund, efficient October 13, 2025, the corporate mentioned in a press release on Saturday.
The asset supervisor mentioned this was as a result of prevailing market circumstances and a scarcity of bodily silver within the home market because the metallic trades at a premium relative to worldwide costs.
“Subsequently, the premium in home silver costs immediately impacts the valuation of the scheme.”
Kotak AMC had earlier halted Silver ETF inflows citing identical difficulty
UTI is the second fund supervisor to curb new investments into silver-based funds this week. On Thursday, Kotak Mahindra Asset Administration Firm additionally briefly suspended new investments right into a Silver ETF Fund of Fund.
Kotak mentioned it wouldlift the restrictions throughout the subsequent couple of weeks as provide improves after the Hindu competition of Diwali.
Spot silver hit a file excessive of $51.22 per ounce on Thursday, surpassing the $51 per ounce degree for the primary time.
In India, the world’s greatest silver client, silver’s premium over official home costs jumped as a lot as 10% on Thursday due to sturdy funding demand forward of a key competition and restricted provides, bullion sellers mentioned.
Revealed on October 12, 2025
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