New Delhi, Sept. 23 -- India's international ETF segment has had a roller-coaster week, with some US-focused ETFs trading at steep premiums to their underlying assets before sharply correcting.

The Motilal Oswal Nasdaq Q-50 ETF (MONQ50), which tracks the Nasdaq Q-50, traded at up to 4 times its net asset value (NAV) earlier this week. It subsequently hit back-to-back lower circuits, falling 20% and then another 15%. On 22 September, the ETF was down another 20% intraday.

But MONQ50 is not the only India-listed international ETF trading above the value of its underlying portfolio. Here's a snapshot of some India-listed international ETFs and their premiums to NAV as of September 21:

According to Viram Shah, founder and CEO of Vested, th...