First Trust Indxx Aerospace & Defense ETF
First Trust Indxx Aerospace & Defense ETF (AMEX: MISL) is an exchange-traded fund listed on NYSE Arca, trading at $42.08 (about ₹3,959 a unit) as of 12 Nov 2026, 4:00 PM ET. It has an expense ratio of 0.6% and holds 44 securities. Indian residents can buy MISL through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$42.06
Today's high
$43.03
52 week low
$38.84
52 week high
$51.10
MISL opened at $42.58, closed previously at $42.89, and has traded between $38.84 and $51.10 over the past 52 weeks.
About
The First Trust Indxx Aerospace & Defense ETF aims to mirror the financial performance, specifically the capital appreciation and income generation, of the Indxx US Aerospace & Defense Index, before factoring in its operational costs. Typically, under ordinary market circumstances, the Fund allocates a minimum of 80% of its net assets, including any capital acquired through borrowing, to the equity securities composing that benchmark index.
Key statistics
Expense ratio
0.6%
Assets (AUM)
$531.9M
Holdings
44
NAV
$42.90
Avg. volume
133.47K
1-year price change
+1.30%
5-year price change
—
Price change excludes dividends.
Top 10 holdings
MISL holds 44 securities in total. These 10 are 59.7% of the fund.
Where the money is invested
Sectors
Countries
How to buy MISL from India
Indian residents can buy MISL 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 MISL 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 MISL and buy
Find the fund by its ticker, MISL, 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 MISL 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 MISL 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 MISL price today?
First Trust Indxx Aerospace & Defense ETF (MISL) last traded at $42.08 on NYSE Arca, as of 12 Nov 2026, 4:00 PM ET. That is ₹3,959 a unit at the 12 Nov 2026 USD/INR rate.
When does MISL 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 MISL, and what does it cost to hold?
First Trust Indxx Aerospace & Defense ETF manages about $531.9M. Its expense ratio is 0.6% a year, deducted inside the fund. It launched in 2022.
What are MISL's largest holdings?
The top three are GE Aerospace (8.7%), RTX Corporation (8.4%) and The Boeing Company (7.1%). MISL's 10 largest positions make up 59.7% of the fund.
Does MISL pay dividends?
Yes. MISL 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 MISL 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 MISL?
Yes. You can buy MISL by amount rather than by whole unit, and there is no minimum trade size.
How has MISL performed?
MISL's price is up 1.3% over the past year. These figures are price change only and exclude dividends; past performance does not guarantee future returns.