Matrix Advisors Value ETF
Matrix Advisors Value ETF (AMEX: MAVF) is an exchange-traded fund listed on NYSE Arca, trading at $138.37 (about ₹13,152 a unit) as of 20 Oct 2026, 9:46 AM ET. It has an expense ratio of 0.75%. Indian residents can buy MAVF through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$138.37
Today's high
$138.37
52 week low
$114.13
52 week high
$142.84
MAVF opened at $138.37, closed previously at $138.37, and has traded between $114.13 and $142.84 over the past 52 weeks.
About
Generally, the fund dedicates a substantial portion—at least 80%—of its total assets, including any capital acquired through borrowing for investment purposes, to companies based in the United States. These investments are specifically in firms that adhere to the "value" philosophy as defined by Matrix Asset Advisors, Inc. (also known as Matrix or the Sub-Adviser). The fund operates as a non-diversified investment vehicle.
Key statistics
Expense ratio
0.75%
Assets (AUM)
$91.9M
Holdings
—
NAV
$138.33
Avg. volume
731.00
1-year price change
+17.00%
5-year price change
—
Price change excludes dividends.
Top 10 holdings
These 10 are 55.2% of the fund.
Where the money is invested
Sectors
Countries
How to buy MAVF from India
Indian residents can buy MAVF 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 MAVF 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 MAVF and buy
Find the fund by its ticker, MAVF, 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 MAVF 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 MAVF 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 MAVF price today?
Matrix Advisors Value ETF (MAVF) last traded at $138.37 on NYSE Arca, as of 20 Oct 2026, 9:46 AM ET. That is ₹13,152 a unit at the 19 Oct 2026 USD/INR rate.
When does MAVF 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 MAVF, and what does it cost to hold?
Matrix Advisors Value ETF manages about $91.9M. Its expense ratio is 0.75% a year, deducted inside the fund. It launched in 1983.
What are MAVF's largest holdings?
The top three are Microsoft Corp (8.9%), Alphabet Inc (7.9%) and Apple Inc (7.3%). MAVF's 10 largest positions make up 55.2% of the fund.
Does MAVF pay dividends?
Yes. MAVF 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 MAVF 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 MAVF?
Yes. You can buy MAVF by amount rather than by whole unit, and there is no minimum trade size.
How has MAVF performed?
MAVF's price is up 17.0% over the past year. These figures are price change only and exclude dividends; past performance does not guarantee future returns.