Page 19 - Banking Finance November 2025

MUTUAL FUND

earlier this month due to elevated sil- Kotak Nifty Chemicals Exchange Traded
ver premiums and supply constraints. Fund (ETF), an open-ended scheme Attention Subscribers
The fund house said in a statement that tracks the Nifty Chemicals Index. Please renew your Subscription of The
that all lump-sum investments, switch- The new fund offer (NFO) opened for Insurance Times Journal to receive
ins, and new registrations for system- subscription and will close on Novem- copy of the journal uninterruptedly.
atic investment plans (SIPs) and sys- ber 6, 2025. You can now pay by GPAY, Phonepe,
tematic transfer plans (STPs) will re- The scheme aims to replicate the Nifty Paytm, Amazon, ICICI Pay, BHIM UPI
open from October 24. The temporary
suspension, announced on October 14, Chemicals Index composition and de-
was a precautionary measure amid liver returns in line with its perfor-
market volatility. mance, subject to tracking error.
Tata Mutual Fund said, "Considering It will allocate 95-100% in equity and
the normalisation of market condi- equity-related instruments within the
tions, it has been decided to resume index and up to 5% in debt or money
all investments in the Tata Silver ETF market instruments. The fund is man-
Fund-of-Fund." Several other asset aged by Devender Singhal, Satish
management companies have also re- Dondapati, and Abhishek Bisen.
opened their Silver ETF FoFs following
stabilisation in global silver prices and Kotak AMC Managing Director Nilesh
improved liquidity in the precious met- Shah said, "India's chemical sector is at
als market. a pivotal stage, driven by strong do-
mestic demand and global supply chain
Kotak Mutual Fund realignment." He added that the ETF
offers investors a transparent, cost-ef-
launches Nifty Chemicals
fective way to participate in this
ETF growth story. The minimum investment

Kotak Mutual Fund has launched the amount is Rs. 5,000.

SEBI proposes uniform process for mutual fund fo- Sashi Publications Easy Payment
lio creation and first investment Modes :-
i) UPI ID: SASHIBOOKS@KOTAK
The Securities and Exchange Board of India (SEBI) has proposed a uniform
ii) GPAY: 9830171022@okbizaxis
mechanism for creating mutual fund folios and making the first investment,
iii) PAYTM: 9830171022@paytm
aiming to simplify investor onboarding.
iv) NEFT: Current A/C
As per the consultation paper, once an investor completes Know Your Client 402120110000327 of 'SASHI
(KYC) verification through a KYC Registration Agency (KRA) and the folio is
PUBLICATIONS PRIVATE
marked compliant, the first investment can begin immediately. The proposal
LIMITED, Bank of India, VVK
seeks to harmonise processes across asset management companies and
Road Branch., Kolkata, India,
improve efficiency in mutual fund transactions.
IFSC Code : BKID0004021
SEBI said the move would streamline compliance, reduce duplication, and v) Credit Card:
make it easier for investors to start their investment journey. Industry ex- www.sashipublications.com
perts noted that a unified framework will also enhance data accuracy and
For any query please call
strengthen regulatory oversight. Comments on the draft proposal have been
9073791022/9883398055
invited from stakeholders.
www.sashipublications.com

BANKING FINANCE | NOVEMBER | 2025 | 17