Hi,
I am curious as to how to fund houses allocate units to investors in an NFO.
Take the case of the recent Kotak Nifty ETF. It has a NFO price of 10/-, and upon listing the NAV will be approx. (1/10) of Nifty price that day.
So does that mean if I invest 10,000 I would get 1000 units (as the face value is 10/-)? If not, then whats the significance of that 10/- NFO price when it is not utilized?????
Ujjwal
I am curious as to how to fund houses allocate units to investors in an NFO.
Take the case of the recent Kotak Nifty ETF. It has a NFO price of 10/-, and upon listing the NAV will be approx. (1/10) of Nifty price that day.
So does that mean if I invest 10,000 I would get 1000 units (as the face value is 10/-)? If not, then whats the significance of that 10/- NFO price when it is not utilized?????
Ujjwal