What is ETF premium and discount in India?

An ETF trades at a premium when its market price on NSE or BSE is higher than its iNAV (fair value). It trades at a discount when the market price is lower than the iNAV. Premium means you are paying more than the ETF's fair value; discount means you are getting it cheaper. For high-volume ETFs like Nippon India ETF Nifty BeES (NIFTYBEES), Nippon India ETF Gold BeES (GOLDBEES), Nippon India ETF Bank BeES (BANKBEES), ICICI Prudential Nifty 50 ETF (NIFTYIETF) and SBI ETF Nifty 50 (SETFNIF50), the premium/discount typically stays within 0.1%. Illiquid or low-volume ETFs can have wider gaps.

How to check iNAV of ETF in Zerodha Kite?

In Zerodha Kite, you can search for an ETF symbol (e.g. NIFTYBEES) and check the market depth. However, Kite does not directly display iNAV. For a side-by-side comparison of iNAV vs market price across all ETFs, use the Deep Money Minds ETF iNAV Tracker which pulls live NSE data. NSE also publishes iNAV on its official website under the ETF section.

How is iNAV of an ETF calculated?

iNAV is calculated by taking the current market prices of all the securities held by the ETF, multiplying each by its weight in the portfolio, summing them up, and dividing by the number of outstanding ETF units. For a Nifty 50 ETF, this means computing the real-time weighted value of all 50 Nifty stocks. NSE calculates and publishes this every 15 seconds during market hours.

What is the difference between ETF NAV and iNAV?

NAV (Net Asset Value) is the official end-of-day value of an ETF, calculated after market close using closing prices. iNAV (Indicative NAV) is a real-time estimate updated throughout the trading day every 15 seconds. When you buy an ETF during market hours, you should compare its market price to the iNAV — not the previous day's NAV — to judge whether you are getting a fair price.

How to check iNAV of Tata Silver ETF or other Silver ETFs?

The iNAV of Silver ETFs tracks the real-time domestic silver price. You can check the live iNAV of Nippon India Silver ETF (SILVERBEES) and Tata Silver ETF by searching 'silver' in the Deep Money Minds ETF iNAV Tracker. Silver ETFs tend to trade at wider premium/discount ranges than Nifty or Gold ETFs due to lower trading volumes, making iNAV checks especially important before buying.

Why does an ETF trade at a premium or discount?

ETFs can temporarily trade at a premium or discount because of supply-demand imbalances on the exchange. If more investors want to buy than sell, the price rises above iNAV (premium). If more want to sell, it falls below (discount). Authorized Participants (APs) who create and redeem ETF units help keep the price close to iNAV. When liquidity is low or market-making is slow, the gap can widen temporarily.

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ETF iNAV Tracker India

Check live iNAV of all NSE ETFs and see which are trading at a premium or discount to fair value — free, no login needed.

Covers Nippon India ETF Gold BeES (GOLDBEES), Nifty BeES (NIFTYBEES), Bank BeES (BANKBEES), Junior BeES (JUNIORBEES), Nippon India Silver ETF (SILVERBEES), ICICI Prudential Nifty 50 ETF (NIFTYIETF), SBI ETF Nifty 50 (SETFNIF50), HDFC Nifty 50 ETF (HDFCNIFTY), Nifty IT (ITBEES), PSU Bank BeES (PSUBNKBEES) and 190+ more.

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Symbol	ETF Name	Mkt Price	iNAV	Premium/Discount	Day Change	Volume	Backtest
Fetching live data from NSE…

Data sourced from NSE India. iNAV updates every ~15 sec during market hours (Mon–Fri, 9:15 AM – 3:30 PM IST). Auto-refreshes every 60 seconds.

How to Check iNAV of ETF India Online

Open this ETF iNAV Tracker

This tool loads live iNAV data from NSE automatically for all 200+ ETFs. No login, no broker account needed — works from any browser.

Search for your ETF

Type the ETF symbol or full name — e.g. GOLDBEES, NIFTYBEES, BANKBEES, JUNIORBEES, SILVERBEES, NIFTYIETF, SETFNIF50, HDFCNIFTY, ITBEES, PSUBNKBEES. Results filter instantly.

Read the iNAV and market price

The iNAV column shows the real-time indicative fair value, updated every ~15 seconds during market hours (Mon–Fri, 9:15 AM – 3:30 PM IST).

Check the Premium/Discount badge

Green = Discount — ETF is cheaper than fair value, generally a good entry. Red = Premium — ETF costs more than fair value, consider waiting. A gap within ±0.1% is normal for liquid ETFs like Nifty BeES.

ETF iNAV & Premium/Discount — Explained

What is iNAV of an ETF?

iNAV (Indicative Net Asset Value) is the real-time estimated fair value of an ETF, computed every 15 seconds from the live prices of all its underlying holdings. It is what the ETF should be worth right now.

NAV vs iNAV — what's the difference?

NAV is the official end-of-day value calculated after market close. iNAV is the live intra-day estimate. When buying an ETF during market hours, always compare to iNAV — not yesterday's NAV.

ETF at Premium

Market price > iNAV. You are paying more than the fair value of the underlying basket. Common in low-liquidity ETFs. For active ETFs like Nifty BeES, premiums above 0.5% are rare and short-lived.

ETF at Discount

Market price < iNAV. You buy the basket for less than its fair value — generally a favorable entry. A persistent large discount (>1%) can signal very low liquidity in that ETF.

ETF iNAV Tracker — FAQs

How to check iNAV of ETF India online without Zerodha or SBI?

You do not need a broker account to check ETF iNAV. This Deep Money Minds ETF iNAV Tracker fetches live data directly from NSE and shows iNAV, market price, and premium/discount for all ETFs in one place — free and without any login.

How is ETF iNAV calculated?

iNAV is calculated by summing the current market prices of all the ETF's holdings, weighted by their allocation, and dividing by the total units outstanding. NSE computes and publishes this every 15 seconds during market hours. For a Nifty 50 ETF, all 50 stock prices are used; for a Gold ETF, the live domestic gold price is used.

How to find iNAV of Gold ETF in India?

Search "gold" in the ETF iNAV Tracker above. All Gold ETFs — Nippon India ETF Gold BeES (GOLDBEES), HDFC Gold ETF (HDFCMFGETF), SBI Gold ETF (SETFGOLD), Axis Gold ETF — will appear with their live iNAV and whether they are at a premium or discount to the current gold price. Nippon India ETF Gold BeES (GOLDBEES) is the most liquid and most searched Gold ETF for iNAV data.

How to check iNAV of Tata Silver ETF / Silver ETF India?

Search "silver" in the tracker above. Nippon India Silver ETF (SILVERBEES) and Tata Silver ETF track domestic silver prices. Silver ETFs tend to have wider premium/discount ranges than Nifty or Gold ETFs due to lower trading volumes — making it especially important to check iNAV before placing a buy order.

Which ETFs in India have the lowest premium to iNAV?

High-volume ETFs consistently trade closest to their iNAV. The tightest typically include: Nippon India ETF Nifty BeES (NIFTYBEES), Nippon India ETF Gold BeES (GOLDBEES), Nippon India ETF Bank BeES (BANKBEES), Nippon India ETF Nifty Next 50 Junior BeES (JUNIORBEES), ICICI Prudential Nifty 50 ETF (NIFTYIETF), SBI ETF Nifty 50 (SETFNIF50), and HDFC Nifty 50 ETF (HDFCNIFTY). Sort this tracker by the Premium/Discount column to see live rankings right now.

Is it good to buy ETF at a discount?

Generally yes — buying at a discount means you get the underlying basket of assets for less than their market value, which is a small but real advantage. However, if an ETF consistently trades at a large discount, it may signal liquidity issues. Stick to ETFs with high average daily volumes for tighter spreads.

Why does ETF iNAV data only update during market hours?

iNAV is a live calculation based on the real-time prices of the underlying securities. Since NSE trading happens between 9:15 AM and 3:30 PM IST on weekdays, iNAV is only published during this window. Outside market hours, the last available iNAV from the previous session is shown.

Can I use this as an ETF screener for India?

Yes. You can filter by premium-only, discount-only, or high premium/discount (>0.5%), sort by symbol, price, volume, or day change, and search by name or symbol. It gives you a live snapshot of the entire NSE ETF universe — making it a basic but powerful ETF screener for Indian investors.

What is an acceptable premium or discount for an ETF in India?

A premium or discount within ±0.1% is excellent — typical for the most liquid ETFs like Nippon India ETF Nifty BeES (NIFTYBEES) or Nippon India ETF Gold BeES (GOLDBEES). Up to ±0.5% is acceptable. Between 0.5% and 1% warrants caution. Anything beyond 1% is a red flag indicating very low liquidity. ET Money and NSE both suggest less than 1% as the safe upper limit for retail ETF execution.

How do I check if an ETF is trading at a premium or discount?

Three steps: (1) Note the ETF's current market price on NSE. (2) Find its iNAV — published by NSE every 15 seconds during market hours. (3) If market price > iNAV, the ETF is at a premium; if market price < iNAV, it is at a discount. The easiest way is to use the tracker above — it shows the premium/discount % for all 200+ NSE ETFs at once with color-coded badges.

How do I check ETF liquidity in India?

Check three things: (1) Average Daily Volume — higher volume = tighter spreads. (2) AUM — larger AUM means more active market makers. (3) Premium/discount to iNAV — a gap under 0.1% is the clearest sign of good liquidity. The Volume column in this tracker shows live trading data. Sort by Volume to instantly rank all NSE ETFs by liquidity. Nippon India ETF Nifty BeES (NIFTYBEES), Nippon India ETF Gold BeES (GOLDBEES), and Nippon India ETF Bank BeES (BANKBEES) consistently top the list.

What is the 7% rule in ETF investing?

The 7% rule (from investor William O'Neil) is a stop-loss discipline: exit any position that falls 7–8% below your purchase price to avoid larger losses. Applied to ETFs in India, it means setting a personal exit threshold before you buy. Since ETFs track a diversified index and cannot go to zero like individual stocks, many Indian investors use a 10–15% rule instead. The principle is the same: decide your maximum tolerable loss before placing the order, not after.

All fund houses. One screen. Live.

Most iNAV tools only cover one fund house. NSE India shows raw data with no context. Zerodha's iNAV summary covers only their own 3–4 funds. ETF Junction buries iNAV in a fund-house-first navigation. Groww and Dhan show ETF prices but have no iNAV or premium/discount column at all.

This tracker aggregates iNAV and premium/discount data across Nippon, ICICI, SBI, HDFC, Kotak, Axis and more — all NSE-listed ETFs in a single sortable table, auto-refreshing every 60 seconds during market hours. Built for Indian retail investors who want to know if they are overpaying before they hit buy.

Built by

Kuldeep Singh

Finance content creator focused on radical transparency in Indian personal finance. I build tools that use real data so Indian investors can make genuinely informed decisions. This ETF iNAV Tracker pulls live data directly from NSE — because the only honest way to know if you're overpaying for an ETF is to compare its price to its fair value in real time.

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