Simplify Interest Rate Hedge ETF
Simplify Interest Rate Hedge ETF (AMEX: PFIX) is an exchange-traded fund listed on NYSE Arca, trading at $60.69 (about ₹5,830 a unit) as of 28 Sep 2026, 4:00 PM ET. It has an expense ratio of 0.5% and holds 13 securities. Indian residents can buy PFIX through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$59.19
Today's high
$60.86
52 week low
$41.37
52 week high
$60.86
PFIX opened at $59.60, closed previously at $58.43, and has traded between $41.37 and $60.86 over the past 52 weeks.
About
The Simplify Interest Rate Hedge ETF (PFIX) is designed to mitigate the impact of ascending long-term interest rates and capitalize on periods of elevated market stress characterized by increased fixed income volatility. The fund achieves this by holding substantial positions in over-the-counter (OTC) interest rate options. These options are specifically chosen to provide a direct, transparent, and convex upside from significant increases in both interest rates and their inherent volatility. PFIX offers retail investors access to sophisticated OTC derivatives, instruments traditionally reserved for institutional players. In essence, it is designed to function similarly to holding long-dated put options on 20-year US Treasury bonds. By maintaining these option exposures for an extended duration, the ETF delivers a clear and uncomplicated solution for interest rate hedging.
Key statistics
Expense ratio
0.5%
Assets (AUM)
$202.8M
Holdings
13
NAV
$58.79
Avg. volume
—
1-year price change
+25.13%
5-year price change
+48.68%
Price change excludes dividends.
Top 10 holdings
PFIX holds 13 securities in total. These 10 are 106.9% of the fund.
Where the money is invested
Sectors
Countries
How to buy PFIX from India
Indian residents can buy PFIX 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 PFIX and buy
Find the fund by its ticker, PFIX, 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 PFIX from India
Trading and taxes when buying PFIX 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
- Taxable in IndiaGains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling.
- Dividends
- Slab rateIt pays the dividends from its holdings out to you in cash, and dividends are taxed at your slab rate 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 PFIX price today?
Simplify Interest Rate Hedge ETF (PFIX) last traded at $60.69 on NYSE Arca, as of 28 Sep 2026, 4:00 PM ET. That is ₹5,830 a unit at the 28 Sep 2026 USD/INR rate.
When does PFIX 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 PFIX, and what does it cost to hold?
Simplify Interest Rate Hedge ETF manages about $202.8M. Its expense ratio is 0.5% a year, deducted inside the fund. It launched in 2021.
What are PFIX's largest holdings?
The top three are B 12/31/26 Govt (23.4%), B 12/3/26 Govt (19.1%) and SWAPTION 05/10/2030 P4.50/SOFR MSX (19.0%). PFIX's 10 largest positions make up 106.9% of the fund.
Does PFIX pay dividends?
Yes. PFIX is a distributing fund and pays the dividends from its holdings out in cash. In India they are taxed at your slab rate.
How are gains on PFIX taxed in India?
Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling.
Can I buy fractional units of PFIX?
Yes. You can buy PFIX by amount rather than by whole unit, and there is no minimum trade size.
How has PFIX performed?
PFIX's price is up 25.1% over the past year and up 48.7% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.