{"id":17808,"date":"2026-06-11T11:36:11","date_gmt":"2026-06-11T11:36:11","guid":{"rendered":"https:\/\/navia.co.in\/blog\/?p=17808"},"modified":"2026-06-11T11:37:13","modified_gmt":"2026-06-11T11:37:13","slug":"etf-pricing-nav-inav-fair-value-explained","status":"publish","type":"post","link":"https:\/\/navia.co.in\/blog\/etf-pricing-nav-inav-fair-value-explained\/","title":{"rendered":"ETF Pricing: NAV,\u00a0iNAV\u00a0&amp; Fair Value Explained\u00a0"},"content":{"rendered":"<ul><li><a class=\"aioseo-toc-item\" href=\"#0-what-is-nav\">What is NAV?<\/a><ul><li><a class=\"aioseo-toc-item\" href=\"#aioseo-how-nav-changes-over-time-8\">How NAV Changes Over Time?<\/a><\/li><\/ul><\/li><li><a class=\"aioseo-toc-item\" href=\"#1-what-is-inav-\">What\u00a0is\u00a0iNAV?<\/a><ul><li><a class=\"aioseo-toc-item\" href=\"#aioseo-inav-limitations-what-most-investors-miss-15\">iNAV Limitations \u2014 What Most Investors Miss<\/a><\/li><\/ul><\/li><li><a class=\"aioseo-toc-item\" href=\"#2-difference-between-nav-and-inav\">Difference Between NAV And iNAV<\/a><\/li><li><a class=\"aioseo-toc-item\" href=\"#3-fair-value-and-market-price\">Fair Value and Market Price<\/a><ul><li><a class=\"aioseo-toc-item\" href=\"#aioseo-real-world-intraday-premium-discount-tracker-hypothetical-etf-23\">Real-World Intraday Premium\/Discount Tracker \u2014 Hypothetical ETF<\/a><\/li><\/ul><\/li><li><a class=\"aioseo-toc-item\" href=\"#4-gold-and-silver-etf-pricing-\">Gold And Silver ETF Pricing &#8211;\u00a0How Commodity ETFs Work<\/a><\/li><li><a class=\"aioseo-toc-item\" href=\"#5-why-it-matters-to-investors\">Why it Matters to Investors?<\/a><\/li><li><a class=\"aioseo-toc-item\" href=\"#aioseo-etf-pricing-checklist-for-investors-38\">ETF Pricing Checklist for Investors<\/a><\/li><li><a class=\"aioseo-toc-item\" href=\"#6-conclusion\">Conclusion<\/a><\/li><li><a class=\"aioseo-toc-item\" href=\"#7-frequently-asked-questions\">Frequently Asked Questions<\/a><\/li><\/ul>\n\n\n<p class=\"wp-block-paragraph\"><strong><a href=\"https:\/\/navia.co.in\/etfs\" title=\"\">ETF<\/a> pricing<\/strong>&nbsp;can look confusing at first because an ETF has both a market price and a reference value based on its underlying holdings. For investors trying to understand&nbsp;<strong>what is&nbsp;iNAV<\/strong>, the key idea is that ETFs trade on the exchange like stocks, but their value is linked to the assets they hold.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This is why terms like NAV,&nbsp;iNAV, fair value, and premium or discount matter so much. If you want to&nbsp;compare ETF market price and reference values, you need to know how these numbers work together.&nbsp;<\/p>\n\n\n\n<h2 id=\"0-what-is-nav\" class=\"wp-block-heading has-text-color has-link-color wp-elements-8d8c64f92591a95d6ab845061369f5b3\" style=\"color:#023368\">What is NAV?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">NAV stands for Net Asset Value, and it reflects the value of the fund\u2019s underlying assets after subtracting liabilities. In ETF language, how NAV calculated is usually based on the market value of the holdings divided by the number of outstanding units.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The formula is;<\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">NAV per Unit = (Total Market Value of Assets &#8211; Liabilities) \/ Total Outstanding Units<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A simple way to think about NAV is that it shows the unit\u2019s underlying value at a point in time, usually based on end-of-day calculations. That is why NAV examples are useful for beginners: if a fund owns assets worth more and has fewer units, the NAV per unit may differ.<\/p>\n\n\n\n<h3 id=\"aioseo-how-nav-changes-over-time-8\" class=\"wp-block-heading has-text-color has-link-color wp-elements-b3f4c90da136a7d36f8977e674bbcb0f\" style=\"color:#ec4d37\">How NAV Changes Over Time?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\ud83d\udd39 <strong>Market Movement:<\/strong> If the underlying stocks rise, NAV rises proportionally<br>\ud83d\udd39 <strong>Expense Ratio Drag: <\/strong>Annual management fees erode NAV gradually (e.g., 0.10% p.a. = 0.000274% deducted daily)<br>\ud83d\udd39 <strong>Dividend Passthrough: <\/strong>When holdings pay dividends, NAV adjusts after distribution<br>\ud83d\udd39 <strong>Unit Creation\/Redemption:<\/strong> New unit issuance does not dilute NAV; it is always value-neutral<\/p>\n\n\n\n<h2 id=\"1-what-is-inav-\" class=\"wp-block-heading has-text-color has-link-color wp-elements-469fd37d238433ccc6fb331a60e33d7b\" style=\"color:#023368\"><strong>What&nbsp;is&nbsp;iNAV?<\/strong>&nbsp;<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>What&nbsp;is&nbsp;iNAV&nbsp;in&nbsp;etf<\/strong>&nbsp;is one of the most important questions for ETF investors because&nbsp;iNAV&nbsp;gives an intraday estimate of the ETF\u2019s fair value.&nbsp;iNAV&nbsp;stands for&nbsp;<strong>Indicative Net Asset Value<\/strong>, and it updates during market hours to help investors compare ETF price with underlying value.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The formula is; <\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">iNAV = Sigma(Quantity x Live Market Price) &#8211; Accrued Liabilities \/ Outstanding Units<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In simple terms,<strong>&nbsp;iNAV&nbsp;in&nbsp;ETF<\/strong>&nbsp;acts like a real-time reference number. It helps investors see whether the ETF is trading at a premium or discount compared to the value of its holdings.&nbsp;<\/p>\n\n\n\n<h3 id=\"aioseo-inav-limitations-what-most-investors-miss-15\" class=\"wp-block-heading has-text-color has-link-color wp-elements-9bd87cbe22154835fd8a09eea199a336\" style=\"color:#ec4d37\">iNAV Limitations \u2014 What Most Investors Miss<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\" id=\"aioseo-inav-limitations-what-most-investors-miss-15\"><strong>\u25b6 Not Tradeable: <\/strong>iNAV is an indicative reference, not an executable price<br>\u25b6 <strong>Stale For International ETFs:<\/strong> If the underlying market is closed (e.g., a US ETF trading on NSE), iNAV is estimated using last known prices and may not reflect current fair value<br>\u25b6<strong> Does Not Include Bid-Ask Spread:<\/strong> iNAV does not capture the cost of actually transacting in the underlying basket<br>\u25b6<strong> Recency Gap:<\/strong> In the 15-second refresh window, fast price movements may not yet be captured<\/p>\n\n\n\n<a href=\"https:\/\/open.navia.co.in\/index-navia.php?utm_source=organic&#038;utm_medium=blog\" target=\"_blank\" style=\"display:flex; width:100%;\" ><img decoding=\"async\" src=\"https:\/\/d1l8l3rp33cdzs.cloudfront.net\/images\/naviacee\/Open-free-demat-account%20%28blog%29%20%281%29.gif\" width=\"80%\" \nheight=\"auto\"  style=\"border-radius:10px; margin:5px auto;\"\/><\/a>\n\n\n\n<h2 id=\"2-difference-between-nav-and-inav\" class=\"wp-block-heading has-text-color has-link-color wp-elements-18b08a080d37f438a6773bc5c1b90c0e\" style=\"color:#023368\">Difference Between NAV And iNAV<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>Features<\/th><th>Net Asset Value (NAV)<\/th><th>Indicative Net Asset Value (iNAV)<\/th><\/tr><\/thead><tbody><tr><td>Full Form&nbsp;<\/td><td>Net Asset Value&nbsp;<\/td><td>Intraday Net Asset Value \/ Indicative Net Asset Value&nbsp;<\/td><\/tr><tr><td>Definition&nbsp;<\/td><td>The official per-share value of a fund&nbsp;is based&nbsp;on closing market prices.&nbsp;<\/td><td>A real-time, intraday estimate of an ETF&#8217;s per-share value.&nbsp;<\/td><\/tr><tr><td>When Calculated&nbsp;<\/td><td>Once a day, after market close&nbsp;<\/td><td>During market hours, usually updated&nbsp;frequently&nbsp;such as every 15 seconds&nbsp;<\/td><\/tr><tr><td>Use Case&nbsp;<\/td><td>Fund house \/ AMC&nbsp;<\/td><td>Exchange or third-party data provider&nbsp;&nbsp;<\/td><\/tr><tr><td>Purpose&nbsp;<\/td><td>Shows the official daily value of the fund&nbsp;<\/td><td>Helps investors judge whether an ETF is trading at a premium or discount&nbsp;&nbsp;<\/td><\/tr><tr><td>Price Nature&nbsp;<\/td><td>Final official value for the day&nbsp;&nbsp;<\/td><td>Indicative, not the actual traded market price&nbsp;<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 id=\"3-fair-value-and-market-price\" class=\"wp-block-heading has-text-color has-link-color wp-elements-92d3cde8371881386d0d4d2b974ce3b3\" style=\"color:#023368\">Fair Value and Market Price<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Fair value vs intrinsic value is another useful concept here. Fair value in ETF pricing usually refers to the estimated worth of the ETF based on its underlying assets, while intrinsic value is a broader investing term often used to describe an asset\u2019s true worth.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In ETF investing, iNAV is commonly used as a fair-value reference. If the market price is above iNAV, the ETF may be trading at a premium; if it is below iNAV, it may be trading at a discount.<\/p>\n\n\n\n<h3 id=\"aioseo-real-world-intraday-premium-discount-tracker-hypothetical-etf-23\" class=\"wp-block-heading has-text-color has-link-color wp-elements-60787d70b3044eb90b2f35ea5ba9a3e5\" style=\"color:#ec4d37\">Real-World Intraday Premium\/Discount Tracker \u2014 Hypothetical ETF<\/h3>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img fetchpriority=\"high\" decoding=\"async\" width=\"743\" height=\"158\" src=\"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2026\/06\/image-1.png\" alt=\"\" class=\"wp-image-17824\" style=\"width:700px\" srcset=\"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2026\/06\/image-1.png 743w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2026\/06\/image-1-300x64.png 300w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2026\/06\/image-1-150x32.png 150w\" sizes=\"(max-width: 743px) 100vw, 743px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\">A significant premium or discount may indicate that the ETF market price differs from the estimated value of its underlying holdings. Investors may wish to understand the reasons for such differences before making investment decisions.<\/p>\n\n\n\n<h2 id=\"4-gold-and-silver-etf-pricing-\" class=\"wp-block-heading has-text-color has-link-color wp-elements-1579aba67d0b68b2e8b1a786ebe06a4d\" style=\"color:#023368\"><strong>Gold And Silver ETF Pricing<\/strong> &#8211;&nbsp;How Commodity ETFs Work<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">A common question is&nbsp;<strong>how gold&nbsp;ETF&nbsp;price is calculated<\/strong>. In general, the ETF price is linked to the market value of the underlying gold held by the fund, adjusted for fund expenses and tracking differences.&nbsp;<\/p>\n\n\n\n<p class=\"has-text-align-left wp-block-paragraph\">Gold ETF NAV is generally linked to the value of the underlying gold holdings after accounting for expenses and other scheme-related adjustments.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Physical backing:<\/strong> Each unit of a Gold ETF is backed by a specific quantity of physical gold, held in SEBI-approved vaults<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Spot price reference: <\/strong>The NAV tracks the LBMA (London Bullion Market Association) AM\/PM fix, converted to INR using RBI reference rates<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Expense ratio drag:<\/strong> A 0.50% annual expense ratio means the ETF&#8217;s gold backing slightly reduces relative to the spot price over time<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Vault audit:<\/strong> SEBI requires semi-annual physical audits of gold held in custody to ensure 100% backing<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The same logic applies to silver ETFs, which is why investors often search for&nbsp;<strong>silver&nbsp;ETF&nbsp;price chart<\/strong>&nbsp;and&nbsp;<strong>ETF<\/strong><strong>&nbsp;gold price chart<\/strong>&nbsp;to compare price movement with the commodity\u2019s market value. These charts help readers see whether the ETF is&nbsp;reflecting movements in the underlying commodity.&nbsp;<\/p>\n\n\n\n<h2 id=\"5-why-it-matters-to-investors\" class=\"wp-block-heading has-text-color has-link-color wp-elements-869a1d2dca6cefa1723204232c5459ad\" style=\"color:#023368\">Why it Matters to Investors?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Understanding ETF pricing helps investors compare market prices with underlying fund values. By checking NAV and iNAV, investors can compare the market price with the ETF\u2019s underlying value before making an investment decision. This is particularly useful for commodity ETFs and other funds where price swings can be fast. A quick check of these values can support ETF analysis.<\/p>\n\n\n\n<h2 id=\"aioseo-etf-pricing-checklist-for-investors-38\" class=\"wp-block-heading has-text-color has-link-color wp-elements-2613925fd8ad481d98744b2a40456723\" style=\"color:#023368\">ETF Pricing Checklist for Investors<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\ud83d\udd38 Check iNAV before placing any order-especially for less liquid ETFs<br>\ud83d\udd38 Compare the current market price against iNAV to calculate the premium or discount percentage<br>\ud83d\udd38 Premiums, discounts, and spreads may vary throughout the trading session, including near market open and close<br>\ud83d\udd38 Investors may consider evaluating liquidity, trading volume, and bid-ask spreads before placing ETF orders<br>\ud83d\udd38 Tracking difference may help investors understand how closely the ETF has followed its benchmark over time<br>\ud83d\udd38 For Gold ETFs, cross-check the NAV against the LBMA spot price converted to INR<br>\ud83d\udd38 For international ETFs, check if the underlying market is open when trading<\/p>\n\n\n\n<h2 id=\"6-conclusion\" class=\"wp-block-heading has-text-color has-link-color wp-elements-9030005b81e5b7327f39bb5de7309e3c\" style=\"color:#023368\">Conclusion<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">ETF pricing becomes much easier to understand once you separate NAV, iNAV, and market price. NAV shows the fund\u2019s underlying value; iNAV gives a real-time estimate, and market price reflects what buyers and sellers are willing to trade at.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For anyone researching what is iNAV, difference between NAV and iNAV, or how gold ETF price is calculated, the core lesson is: compare the ETF\u2019s trading price with its reference value during ETF evaluation. This comparison can provide additional pricing context.<\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><strong>Do You Find This Interesting?<\/strong><\/p>\n\n\n\n<div class=\"wp-block-group is-nowrap is-layout-flex wp-container-core-group-is-layout-8f761849 wp-block-group-is-layout-flex\">\n<p class=\"wp-block-paragraph\">We\u2019d Love to Hear from you-<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/form.typeform.com\/to\/bpQ8ZlDc\"><img decoding=\"async\" width=\"300\" height=\"64\" src=\"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2025\/02\/Yes-No-Button-1.png\" alt=\"feedback yes or no button\" class=\"wp-image-8901\" srcset=\"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2025\/02\/Yes-No-Button-1.png 300w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2025\/02\/Yes-No-Button-1-150x32.png 150w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><\/figure>\n<\/div>\n\n\n\n<h2 id=\"7-frequently-asked-questions\" class=\"wp-block-heading has-text-color has-link-color wp-elements-77025c21a938dd5f1adb32a8000af5bf\" style=\"color:#023368\">Frequently Asked Questions<\/h2>\n\n\n<div class=\"wp-block-ub-content-toggle wp-block-ub-content-toggle-block\" id=\"ub-content-toggle-block-dd9c7c10-af1d-4671-bd8a-3ab1291bd33e\" data-mobilecollapse=\"true\" data-desktopcollapse=\"true\" data-preventcollapse=\"false\" data-showonlyone=\"false\">\n<div class=\"wp-block-ub-content-toggle-accordion\" style=\"border-color: #f1f1f1; \" id=\"ub-content-toggle-panel-block-\">\n\t\t\t<div class=\"wp-block-ub-content-toggle-accordion-title-wrap\" style=\"background-color: #f1f1f1;\" aria-controls=\"ub-content-toggle-panel-0-dd9c7c10-af1d-4671-bd8a-3ab1291bd33e\" tabindex=\"0\">\n\t\t\t<p class=\"wp-block-ub-content-toggle-accordion-title ub-content-toggle-title-dd9c7c10-af1d-4671-bd8a-3ab1291bd33e\" style=\"color: #000000; \"><strong>What is iNAV in ETF?<\/strong><\/p>\n\t\t\t<div class=\"wp-block-ub-content-toggle-accordion-toggle-wrap right\" style=\"color: #000000;\"><span class=\"wp-block-ub-content-toggle-accordion-state-indicator wp-block-ub-chevron-down\"><\/span><\/div>\n\t\t<\/div>\n\t\t\t<div role=\"region\" aria-expanded=\"false\" class=\"wp-block-ub-content-toggle-accordion-content-wrap ub-hide\" id=\"ub-content-toggle-panel-0-dd9c7c10-af1d-4671-bd8a-3ab1291bd33e\">\n\n<p class=\"wp-block-paragraph\">iNAV is the indicative net asset value of an ETF, shown intraday as a fair-value reference.<\/p>\n\n<\/div>\n\t\t<\/div>\n<\/div>\n\n<div class=\"wp-block-ub-content-toggle wp-block-ub-content-toggle-block\" id=\"ub-content-toggle-block-0c94666b-260c-4a84-868d-4b1b9bbe4aef\" data-mobilecollapse=\"true\" data-desktopcollapse=\"true\" data-preventcollapse=\"false\" data-showonlyone=\"false\">\n<div class=\"wp-block-ub-content-toggle-accordion\" style=\"border-color: #f1f1f1; \" id=\"ub-content-toggle-panel-block-\">\n\t\t\t<div class=\"wp-block-ub-content-toggle-accordion-title-wrap\" style=\"background-color: #f1f1f1;\" aria-controls=\"ub-content-toggle-panel-0-0c94666b-260c-4a84-868d-4b1b9bbe4aef\" tabindex=\"0\">\n\t\t\t<p class=\"wp-block-ub-content-toggle-accordion-title ub-content-toggle-title-0c94666b-260c-4a84-868d-4b1b9bbe4aef\" style=\"color: #000000; \"><strong>What is the difference between NAV and iNAV?<\/strong><\/p>\n\t\t\t<div class=\"wp-block-ub-content-toggle-accordion-toggle-wrap right\" style=\"color: #000000;\"><span class=\"wp-block-ub-content-toggle-accordion-state-indicator wp-block-ub-chevron-down\"><\/span><\/div>\n\t\t<\/div>\n\t\t\t<div role=\"region\" aria-expanded=\"false\" class=\"wp-block-ub-content-toggle-accordion-content-wrap ub-hide\" id=\"ub-content-toggle-panel-0-0c94666b-260c-4a84-868d-4b1b9bbe4aef\">\n\n<p class=\"wp-block-paragraph\">NAV is usually calculated at the end of the day, while iNAV is updated during trading hours.<\/p>\n\n<\/div>\n\t\t<\/div>\n<\/div>\n\n<div class=\"wp-block-ub-content-toggle wp-block-ub-content-toggle-block\" id=\"ub-content-toggle-block-15a16185-8ea9-4ca4-a965-c03a75b8ef77\" data-mobilecollapse=\"true\" data-desktopcollapse=\"true\" data-preventcollapse=\"false\" data-showonlyone=\"false\">\n<div class=\"wp-block-ub-content-toggle-accordion\" style=\"border-color: #f1f1f1; \" id=\"ub-content-toggle-panel-block-\">\n\t\t\t<div class=\"wp-block-ub-content-toggle-accordion-title-wrap\" style=\"background-color: #f1f1f1;\" aria-controls=\"ub-content-toggle-panel-0-15a16185-8ea9-4ca4-a965-c03a75b8ef77\" tabindex=\"0\">\n\t\t\t<p class=\"wp-block-ub-content-toggle-accordion-title ub-content-toggle-title-15a16185-8ea9-4ca4-a965-c03a75b8ef77\" style=\"color: #000000; \"><strong>How NAV calculated?<\/strong><\/p>\n\t\t\t<div class=\"wp-block-ub-content-toggle-accordion-toggle-wrap right\" style=\"color: #000000;\"><span class=\"wp-block-ub-content-toggle-accordion-state-indicator wp-block-ub-chevron-down\"><\/span><\/div>\n\t\t<\/div>\n\t\t\t<div role=\"region\" aria-expanded=\"false\" class=\"wp-block-ub-content-toggle-accordion-content-wrap ub-hide\" id=\"ub-content-toggle-panel-0-15a16185-8ea9-4ca4-a965-c03a75b8ef77\">\n\n<p class=\"wp-block-paragraph\">NAV is generally calculated from the market value of the fund\u2019s assets minus liabilities, divided by the number of units.<\/p>\n\n<\/div>\n\t\t<\/div>\n<\/div>\n\n<div class=\"wp-block-ub-content-toggle wp-block-ub-content-toggle-block\" id=\"ub-content-toggle-block-3125a30c-0de7-40b2-b35a-8b8d0c4678e4\" data-mobilecollapse=\"true\" data-desktopcollapse=\"true\" data-preventcollapse=\"false\" data-showonlyone=\"false\">\n<div class=\"wp-block-ub-content-toggle-accordion\" style=\"border-color: #f1f1f1; \" id=\"ub-content-toggle-panel-block-\">\n\t\t\t<div class=\"wp-block-ub-content-toggle-accordion-title-wrap\" style=\"background-color: #f1f1f1;\" aria-controls=\"ub-content-toggle-panel-0-3125a30c-0de7-40b2-b35a-8b8d0c4678e4\" tabindex=\"0\">\n\t\t\t<p class=\"wp-block-ub-content-toggle-accordion-title ub-content-toggle-title-3125a30c-0de7-40b2-b35a-8b8d0c4678e4\" style=\"color: #000000; \"><strong>What is fair value vs intrinsic value?<\/strong><\/p>\n\t\t\t<div class=\"wp-block-ub-content-toggle-accordion-toggle-wrap right\" style=\"color: #000000;\"><span class=\"wp-block-ub-content-toggle-accordion-state-indicator wp-block-ub-chevron-down\"><\/span><\/div>\n\t\t<\/div>\n\t\t\t<div role=\"region\" aria-expanded=\"false\" class=\"wp-block-ub-content-toggle-accordion-content-wrap ub-hide\" id=\"ub-content-toggle-panel-0-3125a30c-0de7-40b2-b35a-8b8d0c4678e4\">\n\n<p class=\"wp-block-paragraph\">Fair value is the estimated current worth used for comparison, while intrinsic value is a broader estimate of true worth.<\/p>\n\n<\/div>\n\t\t<\/div>\n<\/div>\n\n<div class=\"wp-block-ub-content-toggle wp-block-ub-content-toggle-block\" id=\"ub-content-toggle-block-ca6975e3-3c99-4a1e-819f-e697b0a95e58\" data-mobilecollapse=\"true\" data-desktopcollapse=\"true\" data-preventcollapse=\"false\" data-showonlyone=\"false\">\n<div class=\"wp-block-ub-content-toggle-accordion\" style=\"border-color: #f1f1f1; \" id=\"ub-content-toggle-panel-block-\">\n\t\t\t<div class=\"wp-block-ub-content-toggle-accordion-title-wrap\" style=\"background-color: #f1f1f1;\" aria-controls=\"ub-content-toggle-panel-0-ca6975e3-3c99-4a1e-819f-e697b0a95e58\" tabindex=\"0\">\n\t\t\t<p class=\"wp-block-ub-content-toggle-accordion-title ub-content-toggle-title-ca6975e3-3c99-4a1e-819f-e697b0a95e58\" style=\"color: #000000; \"><strong>Why check iNAV before buying an ETF?<\/strong><\/p>\n\t\t\t<div class=\"wp-block-ub-content-toggle-accordion-toggle-wrap right\" style=\"color: #000000;\"><span class=\"wp-block-ub-content-toggle-accordion-state-indicator wp-block-ub-chevron-down\"><\/span><\/div>\n\t\t<\/div>\n\t\t\t<div role=\"region\" aria-expanded=\"false\" class=\"wp-block-ub-content-toggle-accordion-content-wrap ub-hide\" id=\"ub-content-toggle-panel-0-ca6975e3-3c99-4a1e-819f-e697b0a95e58\">\n\n<p class=\"wp-block-paragraph\">It helps investors judge whether the ETF is trading close to its underlying value.<\/p>\n\n<\/div>\n\t\t<\/div>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\"><strong>DISCLAIMER:<\/strong>&nbsp;<strong>Investment in securities market are subject to market risks, read all the related documents carefully before investing. The securities quoted are exemplary and are not recommendatory. Full disclaimer:&nbsp;<a href=\"https:\/\/bit.ly\/naviadisclaimer\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/bit.ly\/naviadisclaimer<\/a><\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ETF pricing&nbsp;can look confusing at first because an ETF has both a market price and a reference value based on its underlying holdings. For investors trying to understand&nbsp;what is&nbsp;iNAV, the key idea is that ETFs trade on the exchange like stocks, but their value is linked to the assets they hold.&nbsp; This is why terms [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17828,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[184],"tags":[233,1140,11,1141,7,21,53,842],"class_list":["post-17808","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-etf-strategies","tag-etf","tag-etf-pricing","tag-financial-goals","tag-inav","tag-indian-stock-markets","tag-investments","tag-marketperformance","tag-nav"],"featured_image_src":"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2026\/06\/etfpricin.jpeg","author_info":{"display_name":"Navia Markets","author_link":"https:\/\/navia.co.in\/blog\/author\/tradeplusonline\/"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/posts\/17808","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/comments?post=17808"}],"version-history":[{"count":11,"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/posts\/17808\/revisions"}],"predecessor-version":[{"id":17834,"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/posts\/17808\/revisions\/17834"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/media\/17828"}],"wp:attachment":[{"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/media?parent=17808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/categories?post=17808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/tags?post=17808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}