MicroSectors FANG+ ETN
MicroSectors FANG+ ETN (AMEX: FNGS) is an exchange-traded fund listed on NYSE Arca, trading at $74.57 (about ₹7,013 a unit) as of 9 Nov 2026, 4:00 PM ET. It has an expense ratio of 0.58% and holds 10 securities. Indian residents can buy FNGS through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$73.10
Today's high
$75.12
52 week low
$56.70
52 week high
$84.95
FNGS opened at $73.38, closed previously at $72.58, and has traded between $56.70 and $84.95 over the past 52 weeks.
About
This index is structured with an equal-dollar weighting to capture a particular segment of the technology and consumer discretionary sectors. It comprises highly-traded, growth-oriented companies that are either fundamentally technology firms or significantly reliant on technology. The notes themselves are unsecured, unsubordinated debt obligations of the Bank of Montreal, with each note carrying an initial principal amount of $50.
Key statistics
Expense ratio
0.58%
Assets (AUM)
$542.5M
Holdings
10
NAV
$72.34
Avg. volume
28.25K
1-year price change
+5.55%
5-year price change
+118.50%
Price change excludes dividends.
Where the money is invested
Sectors
How to buy FNGS from India
Indian residents can buy FNGS 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 FNGS 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 FNGS and buy
Find the fund by its ticker, FNGS, on NYSE Arca, 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 FNGS position in USD and INR, and use Paasa's tax statements when you file your Indian return.
Trading and taxes when buying FNGS 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
FAQs
What is the FNGS price today?
MicroSectors FANG+ ETN (FNGS) last traded at $74.57 on NYSE Arca, as of 9 Nov 2026, 4:00 PM ET. That is ₹7,013 a unit at the 8 Nov 2026 USD/INR rate.
When does FNGS trade, in Indian time?
NYSE Arca 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 FNGS, and what does it cost to hold?
MicroSectors FANG+ ETN manages about $542.5M. Its expense ratio is 0.58% a year, deducted inside the fund. It launched in 2019.
How are gains on FNGS 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 FNGS?
Yes. You can buy FNGS by amount rather than by whole unit, and there is no minimum trade size.
How has FNGS performed?
FNGS' price is up 5.5% over the past year and up 118.5% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.