Goldbees rate difference ?!!

[Khaleelda1]

Hello Gurus!

i am investing in goldbees these days.

one thing i have observed is that, the price quoted on goldmansach website, and the price available for trading on nse (sharekhan) is very much different!!

for eg today:
GS website quotes 2760
sharekhan quotes : 2718 (NSE)

Can someone please explain why this difference?

PS: GS website - http://www.benchmarkfunds.com/Products/GoldBeES/Overview.aspx

 

[Avadhoot Nasikkar]

Whatever u see on Goldman Sachs' website is NAV of the ETF while on trading platform it is the quote of the ETF on the stock exchanges.

Quotes may be at premium or discount.

Just similar to future values which may be on premium/discount to the spot price.

NAV of a fund remains same (on a day)while its quotes on the exchanges keep on changing.

Hope it helps.

 

[Khaleelda1]

Thank you soo much!!