First Trust Dorsey Wright Momentum & Value ETF
First Trust Dorsey Wright Momentum & Value ETF (NASDAQ: DVLU) is an exchange-traded fund listed on NASDAQ, trading at $39.12 (about ₹3,758 a unit) as of 28 Sep 2026, 4:00 PM ET. It has an expense ratio of 0.6% and holds 50 securities. Indian residents can buy DVLU through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$38.97
Today's high
$39.32
52 week low
$32.53
52 week high
$42.55
DVLU opened at $39.32, closed previously at $39.43, and has traded between $32.53 and $42.55 over the past 52 weeks.
About
The First Trust Dorsey Wright Momentum & Value ETF (the Fund) endeavors to achieve investment results that generally align with the price movements and income stream (prior to the Fund's own fees and expenses) of its underlying benchmark, the Dorsey Wright Momentum Plus Value Index. Typically, the Fund allocates at least 90% of its total net assets, including any capital acquired through borrowing, to the equity securities that constitute this Index. Employing an indexing approach, the Fund's objective is to replicate the Index's performance before any charges or expenses are deducted. The investment advisor strives for a high degree of congruence, targeting a correlation coefficient of 0.95 or better (before fees and expenses) between the Fund's outcomes and those of the Index, noting that a figure of 1.00 would denote perfect alignment. Nasdaq, Inc. holds ownership of and was responsible for developing this particular Index.
Key statistics
Expense ratio
0.6%
Assets (AUM)
$47.4M
Holdings
50
NAV
$39.46
Avg. volume
—
1-year price change
+17.98%
5-year price change
+62.73%
Price change excludes dividends.
Top 10 holdings
DVLU holds 50 securities in total. These 10 are 32.5% of the fund.
Where the money is invested
Countries
How to buy DVLU from India
Indian residents can buy DVLU 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 DVLU and buy
Find the fund by its ticker, DVLU, 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 DVLU from India
Trading and taxes when buying DVLU 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 DVLU price today?
First Trust Dorsey Wright Momentum & Value ETF (DVLU) last traded at $39.12 on NASDAQ, as of 28 Sep 2026, 4:00 PM ET. That is ₹3,758 a unit at the 28 Sep 2026 USD/INR rate.
When does DVLU 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 DVLU, and what does it cost to hold?
First Trust Dorsey Wright Momentum & Value ETF manages about $47.4M. Its expense ratio is 0.6% a year, deducted inside the fund. It launched in 2018.
What are DVLU's largest holdings?
The top three are General Motors Company (3.9%), HF Sinclair Corp. (3.8%) and Invesco Ltd. (3.6%). DVLU's 10 largest positions make up 32.5% of the fund.
Does DVLU pay dividends?
Yes. DVLU 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 DVLU 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 DVLU?
Yes. You can buy DVLU by amount rather than by whole unit, and there is no minimum trade size.
How has DVLU performed?
DVLU's price is up 18.0% over the past year and up 62.7% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.