Always Zerodha has excited us by bringing new features, You guys are excellent!
We need some kind of feature to buy ETF’s at iNAV or NAV, what in noticed several times is the quoted prices are no where near to iNav’s of most of the ETF’s. Maybe the market maker or liquidity provider gains from this, not the retail investors.
If Zerodha can bring a feature like mapping iNAV’s from various MF Houses will be great thing.!! Or to have some kind of orders specially for ETF’s to buy at iNAV or some percentage below that price.
Yep, this is on the lines of what we were discussing last week.
@Roby for now, whenever you place an ETF order, just check the AMC websites for the iNAV and place a limit order. It’s a bit cumbersome, but we’re trying to figure this out.
Yesterday I heard a part of interview in CNBC TV18 regarding some push from regulator for providing iNav of ETF’s in Exchanges and same to be reflected on trading platforms from July.
Is it true? If so could you please clarify how it will affect the current system?
It’s best to use iNAV as a reference price before placing orders because it’s disclosed with a 15 secs delay and not real-time. Also, for international ETFs, it becomes even tricker due to different times, the lack of availability of futures on some of the underlying ETF indices etc.
Hi @Bhuvan i have purchased MOQLTYINAV by mistake instead of buying etf but unable to sell it now as there are no volumes in market depth and getting this error
Order rejected this not a tradeble instrument how can i sell it in this case
But it would be highly appreciated if you guys can make some kind of order to buy ETF at inav or when the price falls below inav. Since now passive investing has become a new trend. And this would be helpful for those who won’t have time to check inav at different points of time , and those who don’t like to go via mutual fund route.
@nithin Happy to see Zerodha fund house growing and launching new ETFs and Pasive Mutual funds.
But I request you guys to bring a feature or order type in kite to buy these ETFs atleast at inav when the perfect conditions meet in background like price volume etc.
Can you please explain this. I did not understand.
Assume inav is 100. Market price 120 (at a premium).
I put limit order at inav which is 100. If limit triggers, this means, market price falls to 100. why would inav be lower.
Is inav the actual market value of the ETF.
If four emoji is thinking and could not get it, I am ok, that I did not understand.
Yes my understanding is iNAV will remain the same as this represents the true value of the constituents. In the example, when the market price falls, the premium reduces first.
Is it not. I am not sure.
This is mainly in Nasdaq100 and US based ETFs I have noticed where the market price is higher than the iNAV. FAANG has only buyers and not sellers.
