First Trust Multi Cap Value AlphaDEX Fund
First Trust Multi Value AlphaDEX Fund (NASDAQ: FAB) is an exchange-traded fund listed on NASDAQ, trading at $99.39 (about ₹9,547 a unit) as of 29 Sep 2026, 4:00 PM ET. It has an expense ratio of 0.66% and holds 674 securities. Indian residents can buy FAB through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$98.94
Today's high
$99.75
52 week low
$83.76
52 week high
$108.60
FAB opened at $99.44, closed previously at $99.76, and has traded between $83.76 and $108.60 over the past 52 weeks.
About
FAB holds a broad value-focused portfolio of stocks from the Nasdaq US Select Index Family. The fund uses a quantitative methodology to select and weight securities in three different size segments. In particular, FAB uses three value factors (P/B, ROA, and P/FCF) to rank companies. Once the fund has selected those firms best positioned for value, it employs a tiered weighting strategy that assigns weights of 50% to large caps, 30% to midcaps and 20% to small-caps. FAB makes huge sector bets and carries a small tilt. The index is reconstituted and rebalanced quarterly. Note: On April 8, 2016, the fund switched underlying indexes from the old Defined index to the current Nasdaq version. The index universe may differ slightly but the factors and methodology are the same.
Key statistics
Expense ratio
0.66%
Assets (AUM)
$160.9M
Holdings
674
NAV
$100.56
Avg. volume
—
1-year price change
+14.17%
5-year price change
+41.86%
Price change excludes dividends.
Top 10 holdings
FAB holds 674 securities in total. These 10 are 5.7% of the fund.
Where the money is invested
Sectors
Countries
How to buy FAB from India
Indian residents can buy FAB 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 FAB and buy
Find the fund by its ticker, FAB, 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 FAB from India
Trading and taxes when buying FAB 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
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 FAB price today?
First Trust Multi Value AlphaDEX Fund (FAB) last traded at $99.39 on NASDAQ, as of 29 Sep 2026, 4:00 PM ET. That is ₹9,547 a unit at the 29 Sep 2026 USD/INR rate.
When does FAB 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 FAB, and what does it cost to hold?
First Trust Multi Value AlphaDEX Fund manages about $160.9M. Its expense ratio is 0.66% a year, deducted inside the fund. It launched in 2007.
What are FAB's largest holdings?
The top three are Cognizant Technology Solutions Corporation (0.7%), Super Micro Computer, Inc. (0.6%) and Accenture plc (0.6%). FAB's 10 largest positions make up 5.7% of the fund.
Does FAB pay dividends?
No. FAB is an accumulating fund: dividends from its holdings are reinvested inside the fund, so nothing is paid out to you.
How are gains on FAB 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 FAB?
Yes. You can buy FAB by amount rather than by whole unit, and there is no minimum trade size.
How has FAB performed?
FAB's price is up 14.2% over the past year and up 41.9% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.