Query:
Nasdaq FoF would invest in an underlying Nasdaq ETF. For eg., Navi Nasdaq 100 FoF invests in INVESCO NASDAQ 100 ETF (QQQM)
Investment in an ETF can be done either through trading price (would be different from NAV) or through “Creation Units” (purchased directly from AMC at NAV)
I want to know when funds like Navi Nasdaq 100 FoF invests in an ETF then they invest by buying units on stock market (at market price) or through Creation Units?
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