Description
NSE reinstates fresh subscriptions, lumpsum and switch-in investments for UTI Silver ETF Fund of Fund effective October 27, 2025, following normalization of market conditions and reduction in silver premium.
Summary
National Stock Exchange of India has revoked the temporary suspension on subscriptions for UTI Silver ETF Fund of Fund scheme on the NSE MF Invest Platform, effective October 27, 2025. The suspension, which was implemented on October 13, 2025, has been lifted following normalization of market conditions, improved availability of physical silver in the domestic market, and reduction in premium on physical silver relative to international prices. Fresh subscriptions, lumpsum investments, and switch-in transactions are now enabled with immediate effect.
Key Points
- UTI Silver ETF Fund of Fund scheme re-enabled for fresh subscriptions on NSE MF Invest Platform
- All fresh/additional lumpsum and switch-in transactions now accepted
- No daily transaction limit for new registrations under SIP, STP, SWP, Flexi STP and similar facilities
- Decision based on normalization of market conditions and availability of physical silver
- Premium on physical silver relative to international prices has reduced
- Original suspension was effective from October 13, 2025
Regulatory Changes
No regulatory framework changes. This is a scheme-specific operational update reversing a temporary suspension.
Compliance Requirements
- NSE members must take note of the scheme availability change
- All other terms and conditions of the Scheme Information Document (SID) and Key Information Memorandum (KIM) remain unchanged
- The addendum forms an integral part of the SID and KIM
Important Dates
- October 13, 2025: Date when original suspension was implemented
- October 26, 2025: Date of UTI AMC addendum announcing resumption
- October 27, 2025: Effective date for resumption of subscriptions
Impact Assessment
Market Impact: Limited to investors specifically interested in silver exposure through UTI’s fund of fund structure. The resumption indicates stabilization of silver market conditions in India.
Operational Impact: Restores full functionality for UTI Silver ETF FOF on NSE MF Invest Platform. Investors who were restricted during the suspension period can now resume investments.
Investment Impact: Availability of silver investment avenue through fund of fund route restored. No transaction limits on new SIP/STP registrations provides flexibility for systematic investment plans.
Impact Justification
Operational circular affecting specific mutual fund scheme availability; impacts investors interested in silver ETF FOF but has limited broader market impact