Founder-Led ETF
Founder-Led ETF (NASDAQ: FDRS) is an exchange-traded fund listed on NASDAQ, trading at $26.04 (about ₹2,498 a unit) as of 25 Sep 2026, 4:00 PM ET. It has an expense ratio of 0.49%. Indian residents can buy FDRS through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$26.04
Today's high
$26.13
52 week low
$19.37
52 week high
$26.30
FDRS opened at $26.13, closed previously at $26.26, and has traded between $19.37 and $26.30 over the past 52 weeks.
About
The FDRS ETF invests in a portfolio comprising the top 50 U.S. companies that remain under the leadership of at least one of their founders. While these companies can have any market capitalization, their individual weighting within the portfolio is determined by their market value, with no single stock accounting for more than 10% of the total. The fund's underlying index is reviewed and adjusted quarterly, specifically on the third Friday of March, June, September, and December. Classified as non-diversified, this fund may, at times, exhibit significant concentration in particular sectors or industries.
Key statistics
Expense ratio
0.49%
Assets (AUM)
$45.1M
Holdings
—
NAV
$26.08
Avg. volume
—
1-year price change
—
5-year price change
—
Price change excludes dividends.
Top 10 holdings
These 10 are 57.3% of the fund.
Where the money is invested
Countries
How to buy FDRS from India
Indian residents can buy FDRS 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 FDRS and buy
Find the fund by its ticker, FDRS, 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 FDRS from India
Trading and taxes when buying FDRS 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 FDRS price today?
Founder-Led ETF (FDRS) last traded at $26.04 on NASDAQ, as of 25 Sep 2026, 4:00 PM ET. That is ₹2,498 a unit at the 25 Sep 2026 USD/INR rate.
When does FDRS 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 FDRS, and what does it cost to hold?
Founder-Led ETF manages about $45.1M. Its expense ratio is 0.49% a year, deducted inside the fund. It launched in 2025.
What are FDRS's largest holdings?
The top three are Meta Platforms Inc (11.1%), NVIDIA Corp (8.9%) and Tesla Inc (8.3%). FDRS's 10 largest positions make up 57.3% of the fund.
How are gains on FDRS 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 FDRS?
Yes. You can buy FDRS by amount rather than by whole unit, and there is no minimum trade size.