REX AI Chipmaking ETF
REX AI Chipmaking ETF (NASDAQ: CHIP) is an exchange-traded fund listed on NASDAQ, trading at $25.28 (about ₹2,429 a unit) as of 28 Sep 2026, 4:00 PM ET. Indian residents can buy CHIP through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$24.84
Today's high
$26.14
52 week low
$24.51
52 week high
$26.14
CHIP opened at $26.14, closed previously at $25.33, and has traded between $24.51 and $26.14 over the past 52 weeks.
About
CHIP tracks an index of global companies essential to the AI chip manufacturing process. The fund invests in companies deriving significant revenues three segments: Wafer Fabrication Equipment (50%) covering machinery and subsystems used in AI chipmaking, Advanced Packaging (25%) covering high-tech semiconductor assembly for complex AI architectures, and Metrology (25%) covering precision testing and measurement for advanced chip yields. The fund invests in equity securities on select developed market exchanges meeting minimum market-cap and liquidity requirements. Specialty chemicals companies with broad applications beyond chipmaking are excluded. The portfolio is market-cap weighted within each segment allocation, subject to individual caps. The index is rebalanced and reconstituted quarterly.
Key statistics
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Price change excludes dividends.
How to buy CHIP from India
Indian residents can buy CHIP 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 CHIP and buy
Find the fund by its ticker, CHIP, 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 CHIP from India
Trading and taxes when buying CHIP 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
- 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 CHIP price today?
REX AI Chipmaking ETF (CHIP) last traded at $25.28 on NASDAQ, as of 28 Sep 2026, 4:00 PM ET. That is ₹2,429 a unit at the 28 Sep 2026 USD/INR rate.
When does CHIP 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 are gains on CHIP 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 CHIP?
Yes. You can buy CHIP by amount rather than by whole unit, and there is no minimum trade size.