Kotak MF has temporarily suspended fresh lumpsum and switch-in investments in its Kotak Silver ETF Fund of Fund, effective Friday, as soaring domestic silver premiums make new purchases less cost-efficient. The move comes amid a steep rally in silver prices up ₹6,000 to a record ₹1.63 lakh per kg, and a widening premium gap.
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10:15 am on
10 Oct