Description

NSE suspends fresh subscriptions, SIPs, STPs and lumpsum investments in UTI Silver ETF Fund of Fund from October 13, 2025 due to shortage of physical silver in domestic market and premium pricing.

Summary

National Stock Exchange has disabled fresh subscriptions, SIPs, STPs and lumpsum investments for UTI Silver ETF Fund of Fund on NSE MF Invest Platform effective October 13, 2025. The suspension is due to shortage of physical silver in the domestic market causing silver to trade at a premium relative to international prices, which directly impacts the scheme’s valuation. Redemptions and existing systematic plans remain operational.

Key Points

  • Fresh subscriptions, SIPs, STPs and lumpsum investments in UTI Silver ETF Fund of Fund suspended from October 13, 2025
  • Suspension caused by physical silver shortage in domestic market and premium pricing versus international prices
  • All transactions timestamped on or before 3:00 PM of October 10, 2025 will be accepted and processed at applicable NAV
  • Existing SIP, STP, SWP, Flexi STP registrations will remain operational without restrictions
  • New registrations for SIP, STP, SWP, Flexi STP subject to daily transaction limit of ₹5 lakh per registration
  • Redemptions, switch-outs, SWP, and STP-out transactions will continue without restrictions
  • Suspension is temporary and will continue until further notice

Regulatory Changes

No regulatory framework changes. This is an operational restriction imposed by UTI Mutual Fund in response to market conditions affecting the underlying commodity.

Compliance Requirements

  • NSE members must inform their clients about the suspension of fresh subscriptions in UTI Silver ETF Fund of Fund
  • Members should ensure no fresh subscription, SIP or STP registration orders are accepted for this scheme from October 13, 2025
  • Members must communicate that new systematic plan registrations are capped at ₹5 lakh per registration
  • Existing investors can continue redemptions and systematic withdrawals without restrictions

Important Dates

  • October 10, 2025: Date of addendum issued by UTI Mutual Fund
  • October 10, 2025, 3:00 PM: Cut-off time - all purchase/switch-in transactions timestamped on or before this time will be processed
  • October 11, 2025: NSE circular issue date
  • October 13, 2025: Effective date of suspension of fresh subscriptions

Impact Assessment

Market Impact: Medium impact on investors seeking exposure to silver through mutual funds. The suspension reflects broader supply constraints in the domestic silver market and premium pricing dynamics.

Investor Impact: New investors and those planning fresh investments in UTI Silver ETF Fund of Fund will need to wait until the suspension is lifted or consider alternative silver investment vehicles. Existing investors are unaffected in terms of holdings management and redemption rights.

Operational Impact: The scheme remains open for redemptions and existing systematic plans continue, ensuring liquidity for current investors. The ₹5 lakh cap on new systematic plan registrations provides some access while managing inflows during the constrained market conditions.

Impact Justification

Affects investors in UTI Silver ETF Fund of Fund with temporary suspension of fresh investments due to market conditions, but existing holdings and redemptions remain unaffected