Kotak Mutual Fund on Thursday announced that it has suspended lump sum subscriptions in its Kotak Silver ETF Fund of Fund, citing a sharp rise in the spot premium of silver over the import parity price.

Kotak AMC Managing Director Nilesh Shah shared the update on X, underscoring the move as a prudent step in light of market dynamics affecting silver pricing.

In an addendum issued by the fund house, Kotak MF said the decision was taken to protect investors’ interests, as the current premium has made fresh lump sum purchases less efficient. The fund added that Systematic Investment Plans (SIPs) and redemptions will continue as usual.

The underlying Kotak Silver ETF, being a listed fund, remains open for trading and has no provision for suspension.

Kotak MF clarified that the fund of fund

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