I check this and other two etf of mirae asset regularly and buy them too ie fang and s&p500 top 50
Many days in last month on all of the above 3 etf. there were no sellers and only buyers and hence the iNAV and market price had a lot of premium. This changed from last week of may when there were buyers and sellers. When it was active the market price always had a premium.
Today after reading the post and was surprised to see nasdaq 100 market price and inav price was the same.
There was a buy order of 316 qty for a price of 182 and not a single seller both bse and nse. This was after market closure. In money control where i put my investments, the market price shown was always inav which was alwsys lower than the actual market price when buying/selling. I wrote to money control of this but never got a reply even during market time. The market price is alwsys dynamic for other shares and etf except these
I go to their main site to check inav only when I need to like this time.
Most of the time, my benchmark is my average cost (I am already invested) and what I perceive this fund will do for me in future. Not too much into if I got the inav price or not when I buy as the purpose is for long term, so not too bothered if the premium is 4 or 5 rs higher.
I am a Icici Direct customer so not able to guide you on zerodha details. Not sure why it shows 163. It should be a mistake either way. Either the AMC website is wrong showing inav as 183.15 or zerodha is wrong at 163.
Going by logic as I monitor two other us based ETF, I have a feeling the inav is 163 and market price is 182. I was surprised to see AMC website showing inav as 183.15. In any case I bought few units.
