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UTI Asset Management halts new investments in Silver ETF amid supply crunch
UTI AMC halts new Silver ETF inflows citing supply shortage and elevated domestic premiums.
UTI Asset Management Company (AMC) announced a temporary suspension of new lump-sum and switch-in investments in its Silver ETF effective October 13, citing supply tightness and a steep premium in the domestic silver market. The decision comes as demand for precious metals rises amid global volatility. The AMC said existing SIPs and redemptions will continue without disruption. (Reuters)