Not likely facing any issue. Just trying to understand why ETF prices vary from each other while they are cumulative value of the same index…
Today Nifty Bees CP 122.75 while UTINIFTETF CP is 1227.10. 10 times higher than Nifty Bees.
Today’s return of Nifty Bees is 0.67%, but UTINIFTETF’s return is 0.27%.
I’m getting confused here. If they are same type of products of Nifty then their return also should be equal and proportionate. But, when it happens so, definitely I’m missing something here. I need more clarity on this.