how do we find the iNav of the ETFs, like for example the current Mirae MaFANG ETF price is 96.37 on the screen, but the iNAV of that ETF is 82.93.
Huge difference in the underlying price and the price quoted of the exchange. This is due to RBIs Restrictions on the fresh international inflows.
Zerodha gives a user nudge before buying this ETF and similar ETFs when the differences is huge, also it publishes the iNAV of this ETF and all other ETFs for users reference.
Any similar help(nudge and iNAV) for the users of Dhan to avoid such ETFs which have a huge difference between market price and iNAV.
@jaison Yes the spread is due to this. For now, we have not yet designed in the ETF Revamp. However, will be implementing the same in the next release. Also note that INAV and Bid Ask for an ETF may vary for international markets due to geographical timings. However, this does not lead to any arbitrage opportunity.
I am not looking for any arb opportunity, but avoid such ETFs where the difference has become too huge. This has now become a regular problem in international ETFs. Domestic ETFs also get into this issue during extreme stress in the market. A nudge to the User will help him/herself to avoid getting into the trap set by market makers or operators.