Invesco Dorsey Wright SmallCap Momentum ETF
Invesco Dorsey Wright SmallCap Momentum ETF (NASDAQ: DWAS) is an exchange-traded fund listed on NASDAQ, trading at $108.73 (about ₹10,445 a unit) as of 29 Sep 2026, 4:00 PM ET. It has an expense ratio of 0.6% and holds 201 securities. Indian residents can buy DWAS through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$108.31
Today's high
$109.72
52 week low
$88.62
52 week high
$127.77
DWAS opened at $109.72, closed previously at $108.89, and has traded between $88.62 and $127.77 over the past 52 weeks.
About
The Invesco Dorsey Wright SmallCap Momentum ETF seeks to track the performance of the Dorsey Wright SmallCap Technical Leaders Index. This fund typically invests at least 90% of its total assets in equity securities of small-capitalization companies that comprise this index. The index itself consists of approximately 200 companies chosen from the NASDAQ US Benchmark Index through a proprietary selection methodology from Dorsey, Wright & Associates, LLC. This process identifies companies demonstrating strong relative strength based on their market performance. Both the fund and the index undergo rebalancing and reconstitution on a quarterly basis. It's also important to note that, effective after the market close on August 25, 2023, the fund's name transitioned from Invesco DWA SmallCap Momentum ETF to its current name, Invesco Dorsey Wright SmallCap Momentum ETF, with no other alterations made to the fund.
Key statistics
Expense ratio
0.6%
Assets (AUM)
$414.0M
Holdings
201
NAV
$109.83
Avg. volume
—
1-year price change
+17.98%
5-year price change
+23.78%
Price change excludes dividends.
Top 10 holdings
DWAS holds 201 securities in total. These 10 are 13.0% of the fund.
Where the money is invested
Sectors
Countries
How to buy DWAS from India
Indian residents can buy DWAS 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 DWAS and buy
Find the fund by its ticker, DWAS, 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 DWAS from India
Trading and taxes when buying DWAS 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 DWAS price today?
Invesco Dorsey Wright SmallCap Momentum ETF (DWAS) last traded at $108.73 on NASDAQ, as of 29 Sep 2026, 4:00 PM ET. That is ₹10,445 a unit at the 29 Sep 2026 USD/INR rate.
When does DWAS 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 DWAS, and what does it cost to hold?
Invesco Dorsey Wright SmallCap Momentum ETF manages about $414.0M. Its expense ratio is 0.6% a year, deducted inside the fund. It launched in 2012.
What are DWAS's largest holdings?
The top three are Frequency Electronics Inc (1.5%), Amneal Pharmaceuticals Inc (1.4%) and Erasca Inc (1.4%). DWAS's 10 largest positions make up 13.0% of the fund.
Does DWAS pay dividends?
Yes. DWAS 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 DWAS 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 DWAS?
Yes. You can buy DWAS by amount rather than by whole unit, and there is no minimum trade size.
How has DWAS performed?
DWAS' price is up 18.0% over the past year and up 23.8% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.