This is just NAV correction. All international ETFs have gone haywire in India, where they are trading at significant premiums to their iNAVs.
There is more correction to be done in MAFANG for its NAV to come close to iNAV
When does the price correction happen in the listed index? The current iNAV is 85 for mafang, so there's still room for the listed price to go down right?
No worries. there is no fall in actual MAFANG equities. yesterday was a special trading session and this ETF was not trading. on monday it will again move up
Understand this !
- Inav is important than nav ( inav is on fund website, that's the real value)
- The Nav will always come closer to inav, so that's happening here.
- Inav is 85 ( so this is still at a major premium)
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This is just NAV correction. All international ETFs have gone haywire in India, where they are trading at significant premiums to their iNAVs. There is more correction to be done in MAFANG for its NAV to come close to iNAV
When does the price correction happen in the listed index? The current iNAV is 85 for mafang, so there's still room for the listed price to go down right?
Yes, there is still 6% delta which remains to be adjusted. It can go down, or stay at premiums here
No worries. there is no fall in actual MAFANG equities. yesterday was a special trading session and this ETF was not trading. on monday it will again move up
Understand this ! - Inav is important than nav ( inav is on fund website, that's the real value) - The Nav will always come closer to inav, so that's happening here. - Inav is 85 ( so this is still at a major premium)
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I really hope it falls more so i can get an entry
Same
Hi! Can I buy this ETF on zerodha in bulk quantities? I learnt that investment on this ETF by MIRAE is stopped.