Invesco Dorsey Wright Financial Momentum ETF
Invesco Dorsey Wright Financial Momentum ETF (NASDAQ: PFI) is an exchange-traded fund listed on NASDAQ, trading at $59.16 (about ₹5,681 a unit) as of 25 Sep 2026, 4:00 PM ET. It has an expense ratio of 0.78% and holds 38 securities. Indian residents can buy PFI through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$58.67
Today's high
$59.19
52 week low
$51.57
52 week high
$64.46
PFI opened at $59.14, closed previously at $58.85, and has traded between $51.57 and $64.46 over the past 52 weeks.
About
PFI changed its tune in February 2014 but continues to provide an alternate take on US financial firms. The old version of the fund used a multi-factor selection method coupled with a tiered equal-weighting scheme that produced a vastly different portfolio than our neutral benchmark. The new incarnation follows a Dorsey-Wright relative strength index that selects and weights stocks by price momentum. Index selection begins by creating a momentum score for each eligible stock in the financial sector. The score is based on both intermediate and long-term price movements compared to other stocks in the space. The top, at least 30 stocks, with the highest momentum scores are selected for index inclusion. Companies in the financial sector include banking, investment services, insurance and real estate finance services. The fund is reconstituted and rebalanced quarterly. Prior to August 28, 2023, the fund traded under the name Invesco DWA Financial Momentum ETF.
Key statistics
Expense ratio
0.78%
Assets (AUM)
$59.4M
Holdings
38
NAV
$58.85
Avg. volume
—
1-year price change
+3.29%
5-year price change
+7.61%
Price change excludes dividends.
Top 10 holdings
PFI holds 38 securities in total. These 10 are 37.3% of the fund.
Where the money is invested
Sectors
Countries
How to buy PFI from India
Indian residents can buy PFI 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 PFI and buy
Find the fund by its ticker, PFI, 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 PFI from India
Trading and taxes when buying PFI 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 PFI price today?
Invesco Dorsey Wright Financial Momentum ETF (PFI) last traded at $59.16 on NASDAQ, as of 25 Sep 2026, 4:00 PM ET. That is ₹5,681 a unit at the 24 Sep 2026 USD/INR rate.
When does PFI 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 PFI, and what does it cost to hold?
Invesco Dorsey Wright Financial Momentum ETF manages about $59.4M. Its expense ratio is 0.78% a year, deducted inside the fund. It launched in 2006.
What are PFI's largest holdings?
The top three are Victory Capital Holdings Inc (4.5%), JPMorgan Chase & Co (4.4%) and WisdomTree Inc (4.2%). PFI's 10 largest positions make up 37.3% of the fund.
Does PFI pay dividends?
Yes. PFI 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 PFI 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 PFI?
Yes. You can buy PFI by amount rather than by whole unit, and there is no minimum trade size.
How has PFI performed?
PFI's price is up 3.3% over the past year and up 7.6% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.