Description

HDFC Mutual Fund resumes all subscriptions in HDFC Silver ETF Fund of Fund without restrictions, removing previous maximum application amount limits.

Summary

National Stock Exchange of India has informed members that HDFC Mutual Fund has resumed all subscriptions in HDFC Silver ETF Fund of Fund without any restrictions effective October 17, 2025. This follows a previous addendum dated October 15, 2025 that had imposed restrictions. The change removes maximum application amount limits that were previously applicable across Lumpsum, Switch-in, SIP, and STP transactions.

Key Points

  • All subscriptions in HDFC Silver ETF Fund of Fund resumed without restrictions from October 17, 2025
  • Previous maximum application amount limits have been removed
  • Decision taken in view of current market conditions
  • Modifications apply to Lumpsum, Switch-in, SIP, and STP transactions
  • Changes implemented on NSE MF Invest Platform
  • All other terms and conditions of the scheme remain unchanged

Regulatory Changes

No regulatory changes. This is an operational change by HDFC Mutual Fund regarding subscription limits for their specific scheme.

Compliance Requirements

  • NSE members should note the removal of maximum application amount restrictions
  • Updated information to be reflected on NSE MF Invest Platform
  • Investors can now subscribe without the previous maximum amount limitations

Important Dates

  • October 15, 2025: Previous addendum imposing restrictions
  • October 17, 2025: Effective date for resumption of subscriptions without restrictions
  • October 17, 2024: Circular reference date (NSE/NMFTM/70888, Circular 930/2024)

Impact Assessment

Low impact change affecting only investors in HDFC Silver ETF Fund of Fund. The removal of subscription limits provides increased flexibility for investors wishing to invest larger amounts in this specific fund of fund scheme. This is a positive operational adjustment that enhances investor access to the product based on current market conditions for silver investments.

Impact Justification

Administrative change removing previous restrictions on a single mutual fund scheme, affecting only investors in this specific fund of fund product.