Lazard Japanese Equity ETF
Lazard Japanese Equity ETF (NASDAQ: JPY) is an exchange-traded fund listed on NASDAQ, trading at $39.25 (about ₹3,769 a unit) as of 25 Sep 2026, 9:39 AM ET. It has an expense ratio of 0.6% and holds 62 securities. Indian residents can buy JPY through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$39.21
Today's high
$39.28
52 week low
$28.92
52 week high
$39.79
JPY opened at $39.27, closed previously at $38.47, and has traded between $28.92 and $39.79 over the past 52 weeks.
About
The JPY Exchange Traded Fund offers investors a means to participate in the Japanese stock market. It diversifies its holdings across various equity-linked instruments, encompassing common and preferred shares, warrants, and subscription rights. The portfolio is actively managed, employing a rigorous, research-based methodology to pinpoint sectors exhibiting strong growth potential at different points in the economic cycle. This fund maintains adaptability, avoiding concentration in specific industries or market capitalizations, thereby allowing it to respond to changing market dynamics. It also has the option to include Exchange-Traded Funds (ETFs) within its investments. For purposes of risk mitigation or to potentially augment returns, the fund may utilize derivatives like futures and swaps. Additionally, it has the discretion to hedge its currency exposure to the Japanese Yen relative to the US Dollar through forward contracts, when considered appropriate.
Key statistics
Expense ratio
0.6%
Assets (AUM)
$84.8M
Holdings
62
NAV
$38.56
Avg. volume
—
1-year price change
+24.68%
5-year price change
—
Price change excludes dividends.
Top 10 holdings
JPY holds 62 securities in total. These 10 are 37.5% of the fund.
Where the money is invested
Countries
How to buy JPY from India
Indian residents can buy JPY 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 JPY and buy
Find the fund by its ticker, JPY, 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 JPY from India
Trading and taxes when buying JPY 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
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 JPY price today?
Lazard Japanese Equity ETF (JPY) last traded at $39.25 on NASDAQ, as of 25 Sep 2026, 9:39 AM ET. That is ₹3,769 a unit at the 24 Sep 2026 USD/INR rate.
When does JPY 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 JPY, and what does it cost to hold?
Lazard Japanese Equity ETF manages about $84.8M. Its expense ratio is 0.6% a year, deducted inside the fund. It launched in 2025.
What are JPY's largest holdings?
The top three are MITSUBISHI UFJ FINANCIAL GRO (5.7%), RECRUIT HOLDINGS CO LTD (5.1%) and SUMITOMO MITSUI FINANCIAL GR (4.6%). JPY's 10 largest positions make up 37.5% of the fund.
Does JPY pay dividends?
Yes. JPY 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 JPY 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 JPY?
Yes. You can buy JPY by amount rather than by whole unit, and there is no minimum trade size.
How has JPY performed?
JPY's price is up 24.7% over the past year. These figures are price change only and exclude dividends; past performance does not guarantee future returns.