The Securities and Exchange of India (Sebi) has revised its rules to allow the introduction of silver exchange traded funds, which will broaden the choices for investing in commodities through stock markets. Indian mutual funds are currently permitted to develop gold-tracking ETFs (Exchange Traded Funds). According to Sebi, a silver ETF scheme is a mutual fund that invests primarily in silver or silver-related products using silver as the underlying product. The new rules will take effect on Dec 9, 2021.