Democratic Large Cap Core ETF
Democratic Large Core ETF (NASDAQ: DEMZ) is an exchange-traded fund listed on NASDAQ, trading at $48.09 (about ₹4,534 a unit) as of 13 Nov 2026, 4:00 PM ET. It has an expense ratio of 0.45% and holds 42 securities. Indian residents can buy DEMZ through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$47.97
Today's high
$48.09
52 week low
$39.04
52 week high
$49.67
DEMZ opened at $48.07, closed previously at $48.40, and has traded between $39.04 and $49.67 over the past 52 weeks.
About
The Advisors' Inner Circle Fund III - Democratic Large Cap Core ETF is an exchange traded fund launched by The Advisors Inner Circle Fund III. The fund is co-managed by Exchange Traded Concepts, LLC and Reflection Asset Management, LLC. The fund invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of large-cap companies. It seeks to benchmark the performance of its portfolio against the Democratic Large Cap Core Index and S&P 500 Index. The Advisors' Inner Circle Fund III - Democratic Large Cap Core ETF was formed on November 2, 2020 and is domiciled in the United States.
Key statistics
Expense ratio
0.45%
Assets (AUM)
$68.5M
Holdings
42
NAV
$48.10
Avg. volume
2.61K
1-year price change
+14.49%
5-year price change
+60.94%
Price change excludes dividends.
Top 10 holdings
DEMZ holds 42 securities in total. These 10 are 43.5% of the fund.
Where the money is invested
Sectors
Countries
How to buy DEMZ from India
Indian residents can buy DEMZ 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 DEMZ 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 DEMZ and buy
Find the fund by its ticker, DEMZ, on NASDAQ, 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 DEMZ position in USD and INR. DEMZ reinvests its income instead of paying it out, so your filing is the capital-gains statement plus the Schedule FA holding line.
Trading and taxes when buying DEMZ 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
- ReinvestedDividends from its holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
- 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 DEMZ price today?
Democratic Large Core ETF (DEMZ) last traded at $48.09 on NASDAQ, as of 13 Nov 2026, 4:00 PM ET. That is ₹4,534 a unit at the 13 Nov 2026 USD/INR rate.
When does DEMZ trade, in Indian time?
NASDAQ 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 DEMZ, and what does it cost to hold?
Democratic Large Core ETF manages about $68.5M. Its expense ratio is 0.45% a year, deducted inside the fund. It launched in 2020.
What are DEMZ's largest holdings?
The top three are APPLE INC (5.2%), MICROSOFT CORP (5.1%) and COSTCO WHOLESALE CORP (4.8%). DEMZ's 10 largest positions make up 43.5% of the fund.
Does DEMZ pay dividends?
No. DEMZ is an accumulating fund: dividends from its holdings are reinvested inside the fund, so nothing is paid out to you.
How are gains on DEMZ 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 DEMZ?
Yes. You can buy DEMZ by amount rather than by whole unit, and there is no minimum trade size.
How has DEMZ performed?
DEMZ's price is up 14.5% over the past year and up 60.9% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.