Description

NSE has disabled fresh subscriptions through lumpsum and switch-in for SBI Silver ETF Fund of Fund with immediate effect, while redemptions and existing SIPs remain operational.

Summary

National Stock Exchange of India has temporarily suspended fresh subscriptions through lumpsum and switch-in transactions for SBI Silver ETF Fund of Fund on the NSE MF Invest Platform with immediate effect, based on communication from SBI Mutual Fund. Redemptions, SWPs, switch-outs, STP-outs, and existing SIPs/STPs will continue to operate without restrictions.

Key Points

  • SBI Silver ETF Fund of Fund is disabled for fresh lumpsum subscriptions
  • Switch-in transactions are suspended for all transaction types
  • Immediate effect from October 13, 2025
  • Applicable only on NSE MF Invest Platform
  • No restrictions on redemptions and withdrawal plans

Regulatory Changes

No regulatory changes. This is an operational suspension implemented by SBI Mutual Fund through NSE’s platform.

Compliance Requirements

  • NSE members must ensure fresh subscriptions are blocked for SBI Silver ETF Fund of Fund
  • Members should inform investors about the temporary suspension
  • Existing SIP and STP transactions must continue to be processed normally

Important Dates

  • Effective Date: October 13, 2025 (immediate effect)
  • Circular Date: October 13, 2025
  • Circular Reference: NSE/NMFTM/70775, Circular No. 909/2025

Impact Assessment

Investor Impact: Medium - Investors looking to make fresh lumpsum investments or switch into SBI Silver ETF Fund of Fund will be unable to do so. However, existing investors can continue SIPs and redeem their holdings without restrictions.

Market Impact: Low - Suspension is limited to one specific scheme and does not affect broader market operations or silver ETF trading on the exchange.

Operational Impact: Low - Only affects fresh subscription processing for this specific fund on NSE MF Invest Platform. Redemption and systematic plan operations remain unaffected.

Impact Justification

Temporary suspension affects only fresh subscriptions for one specific scheme, with existing SIPs and redemptions unaffected. Limited to SBI Silver ETF FoF investors.