Description

NSE has enabled Kotak Silver ETF Fund of Fund for fresh/additional subscriptions, lumpsum/switch-in investments with immediate effect following normalization of market conditions and reduction in premium.

Summary

NSE has revoked the temporary suspension for subscriptions in Kotak Silver ETF Fund of Fund scheme on NSE MF Invest Platform, effective October 23, 2025. The scheme is now accepting fresh/additional lumpsum/switch-in transactions following normalization of market conditions and reduction in premium. This action reverses the earlier suspension implemented via addendum dated October 09, 2025.

Key Points

  • Kotak Silver ETF Fund of Fund now enabled for fresh/additional subscriptions on NSE MF Invest Platform
  • Lumpsum and switch-in investments allowed with immediate effect from October 23, 2025
  • Decision based on normalization of market conditions and reduction in premium
  • Earlier temporary suspension was implemented on October 09, 2025
  • All other terms and conditions of Scheme Information Document (SID) and Key Information Memorandum (KIM) remain unchanged

Regulatory Changes

No regulatory framework changes. This is an operational change specific to one mutual fund scheme’s subscription status.

Compliance Requirements

  • NSE members to note the resumption of subscriptions for Kotak Silver ETF Fund of Fund
  • Members to enable fresh/additional subscriptions, lumpsum/switch-in investments for the scheme on NSE MF Invest Platform
  • Notice-cum-addendum forms an integral part of the SID and KIM of the scheme

Important Dates

  • October 09, 2025: Date of earlier addendum implementing temporary suspension
  • October 20, 2025: Date of notice-cum-addendum by Kotak Mahindra Asset Management Company Limited
  • October 23, 2025: Effective date for resumption of subscriptions (immediate effect)

Impact Assessment

Market Impact: Minimal. This affects only investors interested in Kotak Silver ETF Fund of Fund scheme.

Operational Impact: Low. NSE members need to update their systems to allow subscriptions for this specific scheme. The change is straightforward and limited to one fund.

Investor Impact: Positive for investors seeking exposure to silver through this fund of fund scheme, as they can now make fresh investments or switch-ins after the brief suspension period.

Impact Justification

Operational update regarding resumption of subscriptions for a specific mutual fund scheme after temporary suspension. Limited impact confined to investors of this particular fund.