Comment on ETF - Exchange Traded Funds
In ETFs we have something called Nifty Bees. This is just an ETF based on the Nifty index and it reflects the movements of the index. You could do an arbitrage by buying the ETF (Nifty Bees) and selling Nifty future. Please note that in most cases any kind of price difference is already factored in and arbitrage opportunities are few and far between – at least for the retail trader.