First Trust Exchange-Traded Fund II - First Trust Bloomberg Artificial Intelligence ETF
First Trust Exchange-Traded Fund II - First Trust Bloomberg Artificial Intelligence ETF (AMEX: FAI) is an exchange-traded fund listed on NYSE Arca, trading at $56.94 (about ₹5,470 a unit) as of 30 Sep 2026, 2:12 PM ET. It has an expense ratio of 0.65% and holds 50 securities. Indian residents can buy FAI through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$56.67
Today's high
$57.11
52 week low
$35.54
52 week high
$58.27
FAI opened at $56.80, closed previously at $56.58, and has traded between $35.54 and $58.27 over the past 52 weeks.
About
FAI follows an index of global companies that develop or facilitate artificial intelligence solutions. These AI solutions include deep learning, machine learning, natural language processing, and image and speech recognition. From its initial universe consisting of the broad US equity market space, securities are screened to identify those in the AI ecosystem through a revenue and theme assessment using fundamental data. Companies are then assigned a tier depending on the combined assessments. Those with the highest revenue derived from, and exposure to the AI theme, based on combined assessment score, are assigned into the gold tier. Within the gold tier, companies are then screened to belong to one of five exposure categories. The top 50 securities with a revenue assessment of 1 are finally selected for inclusion by size order. Constituents are then market-cap weighted with the top 5 securities capped at 8% and the rest at 4%. The Index is rebalanced and reconstituted quarterly.
Key statistics
Expense ratio
0.65%
Assets (AUM)
$198.9M
Holdings
50
NAV
$56.83
Avg. volume
—
1-year price change
+44.41%
5-year price change
—
Price change excludes dividends.
Top 10 holdings
FAI holds 50 securities in total. These 10 are 61.3% of the fund.
Where the money is invested
Countries
How to buy FAI from India
Indian residents can buy FAI 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 FAI and buy
Find the fund by its ticker, FAI, on NYSE Arca, 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 FAI from India
Trading and taxes when buying FAI 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 FAI price today?
First Trust Exchange-Traded Fund II - First Trust Bloomberg Artificial Intelligence ETF (FAI) last traded at $56.94 on NYSE Arca, as of 30 Sep 2026, 2:12 PM ET. That is ₹5,470 a unit at the 29 Sep 2026 USD/INR rate.
When does FAI trade, in Indian time?
NYSE Arca 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 FAI, and what does it cost to hold?
First Trust Exchange-Traded Fund II - First Trust Bloomberg Artificial Intelligence ETF manages about $198.9M. Its expense ratio is 0.65% a year, deducted inside the fund. It launched in 2024.
What are FAI's largest holdings?
The top three are Microsoft Corporation (9.6%), NVIDIA Corporation (8.6%) and Amazon.com, Inc. (7.4%). FAI's 10 largest positions make up 61.3% of the fund.
How are gains on FAI 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 FAI?
Yes. You can buy FAI by amount rather than by whole unit, and there is no minimum trade size.
How has FAI performed?
FAI's price is up 44.4% over the past year. These figures are price change only and exclude dividends; past performance does not guarantee future returns.