Dan IVES Wedbush AI Power & Infrastructure ETF
Dan IVES Wedbush AI Power & Infrastructure ETF (AMEX: IVEP) is an exchange-traded fund listed on NYSE Arca, trading at $25.61 (about ₹2,457 a unit) as of 25 Sep 2026, 4:00 PM ET. It has an expense ratio of 0.75%. Indian residents can buy IVEP through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$25.57
Today's high
$25.73
52 week low
$24.05
52 week high
$29.36
IVEP opened at $25.72, closed previously at $25.41, and has traded between $24.05 and $29.36 over the past 52 weeks.
About
IVEP provides exposure to companies believed necessary to power the next phase of the development of artificial intelligence. The underlying index for this ETF is constructed based on Dan Ives AI Power 30 Research Report. It invests primarily in equity securities and ADRs of companies identified as key contributors to the infrastructure supporting artificial intelligence (AI), including power generation, fuel supply, grid infrastructure, data centers, equipment, power management, materials, and enabling technologies. The index uses proprietary natural language processing algorithms, selecting companies generating at least 50% of their revenues from AI Power Businesses, with additional criteria for size and liquidity. Weights are assigned based on free-float market cap and are adjusted to manage concentration risk. The index is reconstituted semi-annually based on the research report release and rebalanced quarterly.
Key statistics
Expense ratio
0.75%
Assets (AUM)
$16.4M
Holdings
—
NAV
$25.68
Avg. volume
—
1-year price change
—
5-year price change
—
Price change excludes dividends.
Top 10 holdings
These 10 are 41.7% of the fund.
Where the money is invested
Sectors
Countries
How to buy IVEP from India
Indian residents can buy IVEP 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 IVEP and buy
Find the fund by its ticker, IVEP, 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 IVEP from India
Trading and taxes when buying IVEP 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 IVEP price today?
Dan IVES Wedbush AI Power & Infrastructure ETF (IVEP) last traded at $25.61 on NYSE Arca, as of 25 Sep 2026, 4:00 PM ET. That is ₹2,457 a unit at the 25 Sep 2026 USD/INR rate.
When does IVEP 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 IVEP, and what does it cost to hold?
Dan IVES Wedbush AI Power & Infrastructure ETF manages about $16.4M. Its expense ratio is 0.75% a year, deducted inside the fund. It launched in 2026.
What are IVEP's largest holdings?
The top three are SCHNEIDER ELECT SE-UNSP ADR (4.7%), EATON CORP PLC (4.7%) and CONSTELLATION ENERGY (4.2%). IVEP's 10 largest positions make up 41.7% of the fund.
How are gains on IVEP 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 IVEP?
Yes. You can buy IVEP by amount rather than by whole unit, and there is no minimum trade size.