REX FANG & Innovation Equity Premium Income ETF
REX FANG & Innovation Equity Premium ETF (NASDAQ: FEPI) is an exchange-traded fund listed on NASDAQ, trading at $37.08 (about ₹3,487 a unit) as of 9 Nov 2026, 4:00 PM ET. It has an expense ratio of 0.65% and holds 46 securities. Indian residents can buy FEPI through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$36.26
Today's high
$37.25
52 week low
$35.06
52 week high
$48.23
FEPI opened at $36.26, closed previously at $35.92, and has traded between $35.06 and $48.23 over the past 52 weeks.
About
The REX FANG & Innovation Equity Premium Income ETF, or FEPI, utilizes a covered call strategy designed to achieve two main goals: generating income and providing exposure to potential growth within the technology sector. The fund accomplishes this by maintaining positions in the stocks comprising its benchmark, the Solactive FANG Innovation Index, and simultaneously selling call options on these shares that are slightly out-of-the-money. This approach leverages the significant volatility often found in major technology companies, thereby earning premium income from the options. However, it also means that some of the potential upside from stock appreciation is capped. An additional benefit is a modest safeguard against drops in stock prices. It's important to recognize, though, that this protective buffer is confined to the option premiums received and may not completely negate substantial declines in the underlying securities. The fund's benchmark is an equally weighted index made up of fifteen U.S. technology firms. Eight of these are considered foundational holdings: Apple, Alphabet, Amazon, Meta, Microsoft, Netflix, Nvidia, and Tesla. The other seven companies are chosen quarterly from a diverse range of Factset technology-related industries, based on their trading volumes.
Key statistics
Expense ratio
0.65%
Assets (AUM)
$620.2M
Holdings
46
NAV
$35.32
Avg. volume
213.82K
1-year price change
-21.16%
5-year price change
—
Price change excludes dividends.
Top 10 holdings
FEPI holds 46 securities in total. These 10 are 72.2% of the fund.
Where the money is invested
Sectors
Countries
How to buy FEPI from India
Indian residents can buy FEPI units through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers. Read the full guide: how to invest in FEPI from India
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 FEPI and buy
Find the fund by its ticker, FEPI, on NASDAQ, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Track holdings and download tax reports
Follow your FEPI position in USD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Trading and taxes when buying FEPI 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
FAQs
What is the FEPI price today?
REX FANG & Innovation Equity Premium ETF (FEPI) last traded at $37.08 on NASDAQ, as of 9 Nov 2026, 4:00 PM ET. That is ₹3,487 a unit at the 8 Nov 2026 USD/INR rate.
When does FEPI trade, in Indian time?
NASDAQ trades 8:00 pm – 2:30 am IST, so the close lands after midnight. The window shifts to 7:00 pm – 1:30 am IST when the US is on daylight time. Orders can only execute during that window.
How big is FEPI, and what does it cost to hold?
REX FANG & Innovation Equity Premium ETF manages about $620.2M. Its expense ratio is 0.65% a year, deducted inside the fund. It launched in 2023.
What are FEPI's largest holdings?
The top three are AMAZON.COM INC (8.1%), APPLE INC (8.1%) and MICROSOFT CORP (7.9%). FEPI's 10 largest positions make up 72.2% of the fund.
Does FEPI pay dividends?
Yes. FEPI 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 FEPI 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 FEPI?
Yes. You can buy FEPI by amount rather than by whole unit, and there is no minimum trade size.
How has FEPI performed?
FEPI's price is down 21.2% over the past year. These figures are price change only and exclude dividends; past performance does not guarantee future returns.