Tata Mutual Fund has announced a temporary suspension of purchases, switch-ins, fresh SIPs, and fresh STPs (into the scheme) in the Tata Silver ETF Fund of Fund, effective Tuesday (October 14, 2025).
This decision comes amid a global and domestic shortage of physical silver, resulting in sustained premiums in silver spot prices over futures prices. Consequently, Silver ETFs—which are backed by physical silver—are trading at a premium to their respective iNAVs.
Tata Silver ETF Fund of Fund is an open-ended Fund of Fund scheme investing in Tata Silver Exchange Traded Fund (Tata Silver ETF). Tata Silver ETF is an open-ended scheme replicating / tracking Domestic Price of Silver.
“This is to inform investors that, due to prevailing market conditions and shortage of physical silver in the domestic market, silver is trading at a premium relative to international prices. Therefore, the premium in domestic silver prices directly impacts the valuation of the Scheme.” Tata MF said.
“In light of the current market scenario, Tata Mutual Fund has decided to temporarily suspend all lumpsum Investment, Switch-in into the scheme & fresh registration of Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP) into the scheme from the effective date,” it said.
“All existing SIP and STP registered under the scheme shall remain operational. Purchase, Switch-in transaction, fresh registration of SIP / STP received into the Scheme time stamped on or before 3.00 PM of 13 October, 2025, will be accepted and processed at applicable NAV.
During this suspension period, Redemptions, Switch-out, Systematic Withdrawal Plan (SWP) will continue to be permitted. The suspension is temporary in nature and will continue only till further notice, it said.
Published – October 13, 2025 09:36 pm IST
