Alger AI Enablers & Adopters ETF
Alger AI Enablers & Adopters ETF (AMEX: ALAI) is an exchange-traded fund listed on NYSE Arca, trading at $39.86 (about ₹3,758 a unit) as of 13 Nov 2026, 4:00 PM ET. It has an expense ratio of 0.58% and holds 68 securities. Indian residents can buy ALAI through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$39.22
Today's high
$40.42
52 week low
$30.85
52 week high
$48.36
ALAI opened at $40.42, closed previously at $40.47, and has traded between $30.85 and $48.36 over the past 52 weeks.
About
Under typical conditions, this fund allocates at least 80% of its capital—derived from its net assets and any borrowed funds used for investment—to stocks. These equity holdings are in companies, regardless of their market valuation, that are primarily engaged in the creation, adoption, and practical utilization of artificial intelligence (AI) technologies. The fund's management specifically identifies these companies for their perceived strong potential for future expansion. It is also important to note that this fund is categorized as non-diversified.
Key statistics
Expense ratio
0.58%
Assets (AUM)
$2.5B
Holdings
68
NAV
$39.77
Avg. volume
75.72K
1-year price change
+11.19%
5-year price change
—
Price change excludes dividends.
Top 10 holdings
ALAI holds 68 securities in total. These 10 are 49.6% of the fund.
Where the money is invested
Sectors
Countries
How to buy ALAI from India
Indian residents can buy ALAI units through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers. Read the full guide: how to invest in ALAI from India
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 ALAI and buy
Find the fund by its ticker, ALAI, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Track holdings and download tax reports
Follow your ALAI position in USD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Trading and taxes when buying ALAI 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
FAQs
What is the ALAI price today?
Alger AI Enablers & Adopters ETF (ALAI) last traded at $39.86 on NYSE Arca, as of 13 Nov 2026, 4:00 PM ET. That is ₹3,758 a unit at the 13 Nov 2026 USD/INR rate.
When does ALAI trade, in Indian time?
NYSE Arca trades 8:00 pm – 2:30 am IST, so the close lands after midnight. The window shifts to 7:00 pm – 1:30 am IST when the US is on daylight time. Orders can only execute during that window.
How big is ALAI, and what does it cost to hold?
Alger AI Enablers & Adopters ETF manages about $2.5B. Its expense ratio is 0.58% a year, deducted inside the fund. It launched in 2024.
What are ALAI's largest holdings?
The top three are MICROSOFT COM USD0.00000625 (8.7%), NVIDIA CORP USD 0.001 (7.7%) and AMAZON COM INC USD 0.01 (5.3%). ALAI's 10 largest positions make up 49.6% of the fund.
Does ALAI pay dividends?
Yes. ALAI 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 ALAI 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 ALAI?
Yes. You can buy ALAI by amount rather than by whole unit, and there is no minimum trade size.
How has ALAI performed?
ALAI's price is up 11.2% over the past year. These figures are price change only and exclude dividends; past performance does not guarantee future returns.