Hi @thakurvi,
- Ideally it changes based on the previous day’s closing. But since RBI restrictions are in place for overseas investments, as of now, there is no market making in the etf.
You can follow the iNAV( it is available for all the etf’s) of the etf which reflects the true price it should trade at based on the index it follows.
For MAFANG etf specifically, one of our fellow VP member @gurjota has created a google sheet which calculates the price of the etf based on the stocks and tells whether it is trading at a discount or premium to the calculated price. You can base your buy/sell decision based on that. Sharing the link to his google sheet below:
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