REX AI Equity Premium Income ETF
REX AI Equity Premium ETF (NASDAQ: AIPI) is an exchange-traded fund listed on NASDAQ, trading at $37.39 (about ₹3,592 a unit) as of 30 Sep 2026, 9:44 AM ET. It has an expense ratio of 0.65% and holds 73 securities. Indian residents can buy AIPI through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$37.29
Today's high
$37.48
52 week low
$32.21
52 week high
$45.08
AIPI opened at $37.29, closed previously at $37.51, and has traded between $32.21 and $45.08 over the past 52 weeks.
About
AIPI targets companies at the forefront of Artificial Intelligence (AI) technologies in sectors such as AI hardware, software, enabling infrastructure, and services. Companies are classified into Purity Leaders and Key Enablers in the AI space, with a 40% and 60% allocation respectively. The fund primarily invests in US-based AI technology companies, holding 25 stock positions for potential NAV growth while capping gains. It employs a covered call strategy, writing slightly out-of-the-money options on individual securities to boost income from higher premiums, partially offsetting price declines and limiting upside potential. Specifically, it sells standardized exchange-traded and FLEX call option contracts linked to underlying security returns. Managed actively, AIPI focuses on stock selection and option writing tailored to prevailing market conditions. The strategy aims to cushion against market declines and manage price volatility, blending capital appreciation and current income.
Key statistics
Expense ratio
0.65%
Assets (AUM)
$470.6M
Holdings
73
NAV
$37.39
Avg. volume
—
1-year price change
-10.87%
5-year price change
—
Price change excludes dividends.
Top 10 holdings
AIPI holds 73 securities in total. These 10 are 59.1% of the fund.
Where the money is invested
Sectors
Countries
How to buy AIPI from India
Indian residents can buy AIPI 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.
Search AIPI and buy
Find the fund by its ticker, AIPI, on NASDAQ, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Read the full guide: how to invest in AIPI from India
Trading and taxes when buying AIPI from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- 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. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
Custody. Units are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
What is the AIPI price today?
REX AI Equity Premium ETF (AIPI) last traded at $37.39 on NASDAQ, as of 30 Sep 2026, 9:44 AM ET. That is ₹3,592 a unit at the 29 Sep 2026 USD/INR rate.
When does AIPI trade, in Indian time?
NASDAQ trades 7:00 pm – 1:30 am IST, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
How big is AIPI, and what does it cost to hold?
REX AI Equity Premium ETF manages about $470.6M. Its expense ratio is 0.65% a year, deducted inside the fund. It launched in 2024.
What are AIPI's largest holdings?
The top three are PALANTIR TECHNOLOGIES INC. CLASS A (10.5%), NVIDIA CORP (9.7%) and Taiwan Semiconductor Manufacturing Co. Ltd. Sponsored ADR (8.6%). AIPI's 10 largest positions make up 59.1% of the fund.
Does AIPI pay dividends?
Yes. AIPI is a distributing fund and pays the dividends from its holdings out in cash. In India they are taxed at your slab rate. The US withholds 25% tax on dividends before they reach you; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit when you file in India.
How are gains on AIPI 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 AIPI?
Yes. You can buy AIPI by amount rather than by whole unit, and there is no minimum trade size.
How has AIPI performed?
AIPI's price is down 10.9% over the past year. These figures are price change only and exclude dividends; past performance does not guarantee future returns.