NEXT FUNDS Nikkei 225 High Dividend Yield Stock 50 Index ETF
NEXT FUNDS Nikkei 225 High Dividend Yield Stock 50 Index ETF (JPX: 1489) is an exchange-traded fund listed on the Tokyo Stock Exchange, trading at ¥3,585.00 (about ₹2,183 a unit) as of 25 Sep 2026, 2:30 AM ET. It has an expense ratio of 0.31%. Indian residents can buy 1489 through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
¥3,556.00
Today's high
¥3,587.00
52 week low
¥2,468.00
52 week high
¥3,655.00
1489 opened at ¥3,571.00, closed previously at ¥3,550.00, and has traded between ¥2,468.00 and ¥3,655.00 over the past 52 weeks.
About
The fund's main objective is to mirror the investment performance of the Nikkei 225 High Dividend Yield Stock 50 Index. Consequently, the fluctuations in its Net Asset Value (NAV) are expected to directly correspond with the movements of this benchmark index.
Key statistics
Expense ratio
0.31%
Assets (AUM)
¥551.8B
Holdings
—
NAV
¥3,544.67
Avg. volume
—
1-year price change
+37.62%
5-year price change
+179.35%
Price change excludes dividends.
Top 10 holdings
These 10 are 35.7% of the fund.
Where the money is invested
Sectors
Countries
How to buy 1489 from India
Indian residents can buy 1489 units through Paasa in three steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers.
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit, and Interactive Brokers converts the dollars to JPY when you buy.
Search 1489 and buy
Find the fund by its ticker, 1489, on the Tokyo Stock Exchange, and place your order. The Tokyo Stock Exchange typically trades in units of 100 shares.
Read the full guide: how to invest in 1489 from India
Trading and taxes when buying 1489 from India
Trading and limits
- Trading hours
- 9:00 am – 3:30 pm JST
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on foreign ETF units held for more than 24 months are long-term and taxed at 12.5% without indexation. Gains on units held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateIt pays the dividends from its holdings out to you in cash, and dividends are taxed at your slab rate in India. Japan withholds a preferential 10% on dividends for Indian residents under the India–Japan DTAA rather than the higher domestic rate, and the tax withheld can be claimed as a foreign tax credit in India.Dividend tax explained
Custody. Units are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
What is the 1489 price today?
NEXT FUNDS Nikkei 225 High Dividend Yield Stock 50 Index ETF (1489) last traded at ¥3,585.00 on the Tokyo Stock Exchange, as of 25 Sep 2026, 2:30 AM ET. That is ₹2,183 a unit at the 25 Sep 2026 JPY/INR rate.
When does 1489 trade, in Indian time?
The Tokyo Stock Exchange trades 5:30 am – 12:00 pm IST. It also halts for lunch, 8:00 am – 9:00 am IST. Orders can only execute during that window.
How big is 1489, and what does it cost to hold?
NEXT FUNDS Nikkei 225 High Dividend Yield Stock 50 Index ETF manages about ¥551.8B. Its expense ratio is 0.31% a year, deducted inside the fund. It launched in 2017.
What are 1489's largest holdings?
The top three are HONDA MOTOR CO.,LTD. (4.8%), KAWASAKI KISEN KAISHA,LTD. (4.3%) and NOMURA HOLDINGS,INC. (3.9%). 1489's 10 largest positions make up 35.7% of the fund.
Does 1489 pay dividends?
Yes. 1489 is a distributing fund and pays the dividends from its holdings out in cash. In India they are taxed at your slab rate.
How are gains on 1489 taxed in India?
Units held for more than 24 months are long-term and taxed at 12.5% without indexation; units held for 24 months or less are taxed at your income-tax slab rate. The gain is worked out in rupees, so the currency move counts.
Can I buy fractional units of 1489?
No. The Tokyo Stock Exchange typically trades in units of 100 shares.
How has 1489 performed?
1489's price is up 37.6% over the past year and up 179.4% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.