Tata Mutual Fund announced on Friday that it has resumed new investments in its Silver ETF Fund-of-Funds (FoF) scheme.
New investments had been suspended since October 14, but now, from October 24, all facilities are available again.
This includes lump sum investments, switch-ins, new Systematic Investment Plans (SIPs), and Systematic Transfer Plans (STPs).
Reason for the Earlier Suspension
The fund had temporarily stopped new investments due to a sharp rise in silver prices and limited availability.
Increased demand for silver had led to higher premiums, and Tata Mutual Fund took this step to protect investors’ interests.
Now that the market has stabilized, investors can once again invest in the scheme through all available methods: lump sum, switch-in, new SIPs, and STPs.
What the Company Says
In a statement, Tata Mutual Fund said reopening the scheme provides better investment opportunities.
A Silver ETF Fund-of-Funds allows investors to benefit from changes in silver prices without investing directly in the metal.
This makes the scheme suitable for those who want exposure to silver through a fund.
Other fund houses have also reopened new investments in their Silver ETF FoF schemes.
Experts note that silver is becoming increasingly popular as a safe investment, especially during uncertain market conditions.
Tata Mutual Fund’s move could therefore be a good opportunity for investors.
