Description

Axis Mutual Fund withdraws temporary suspension of subscriptions to Axis Silver Fund of Fund, resuming lumpsum and switch-in applications from October 20, 2025.

Summary

Axis Asset Management Company Limited has withdrawn the temporary suspension of subscriptions to units in Axis Silver Fund of Fund, effective October 20, 2025. This follows Notice no. 71 dated October 13, 2025, which had temporarily suspended subscriptions. All lumpsum and switch-in applications under the scheme will now be accepted.

Key Points

  • Temporary suspension of subscriptions is withdrawn effective October 20, 2025
  • Lumpsum investment applications will be accepted
  • Switch-in applications will be accepted
  • Previous suspension was announced via Notice no. 71 on October 13, 2025
  • All other terms and conditions of the Scheme Information Document (SID) and Key Information Memorandum (KIM) remain unchanged

Regulatory Changes

No regulatory changes. This is an operational update specific to the Axis Silver Fund of Fund product.

Compliance Requirements

This notice-cum-addendum forms an integral part of the SID and KIM of the scheme as amended from time to time. Investors should read all scheme related documents carefully before investing.

Important Dates

  • October 13, 2025: Original suspension notice (Notice no. 71) issued
  • October 17, 2025: Date of withdrawal notice (Notice no. 74/2025-26)
  • October 20, 2025: Effective date for resumption of subscriptions

Impact Assessment

The withdrawal of suspension restores normal subscription operations for Axis Silver Fund of Fund. Investors can now make fresh investments through lumpsum or switch-in from other schemes. The impact is limited to existing and potential investors of this specific fund-of-fund product. The scheme invests in silver-related securities, and the resumption allows investors to gain exposure to silver assets through this mutual fund vehicle.

Impact Justification

Affects investors in Axis Silver Fund of Fund by restoring subscription facility; limited to specific fund product with no broader market implications