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Zerodha introduces BSE SENSEX Index Fund; Tata MF halts new silver ETF subscriptions amid premium rise
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Zerodha launched a BSE SENSEX Index Fund offering low-cost benchmark exposure, while Tata Mutual Fund paused silver ETF subscriptions to manage inflated premiums and protect investors.
Zerodha Asset Management announced the launch of its BSE SENSEX Index Fund, designed to mirror the benchmark index and provide investors low-cost exposure to large-cap Indian equities. The fund will be open-ended with systematic investment and lump-sum options available to both retail and institutional investors. Simultaneously, Tata Mutual Fund temporarily suspended new subscriptions to its silver exchange-traded fund (ETF) after tracking premiums on the underlying metal rose sharply. The suspension aims to maintain price integrity and protect existing investors from inflated NAV discrepancies caused by market volatility and thin metal liquidity.