Parnassus Income Funds - Parnassus Value Select ETF
Parnassus Funds - Parnassus Value Select ETF (NYSE: PRVS) is an exchange-traded fund listed on the New York Stock Exchange, trading at $32.45 (about ₹3,117 a unit) as of 29 Sep 2026, 3:52 PM ET. It has an expense ratio of 0.59% and holds 27 securities. Indian residents can buy PRVS through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$32.30
Today's high
$32.47
52 week low
$26.37
52 week high
$33.71
PRVS opened at $32.41, closed previously at $32.42, and has traded between $26.37 and $33.71 over the past 52 weeks.
About
PRVS focuses on a portfolio of approximately 20-30 value stocks, concentrating on large-cap US companies that are perceived as undervalued in the current market. The investment process involves rigorous analysis of company fundamentals, including evaluating financial statements and assessing management effectiveness. Competitive advantages such as brand strength, market position, and cost efficiency are also considered. In addition to financial metrics, PRVS incorporates assessments of environmental, social, and governance (ESG) criteria, including climate impact and governance practices, to ensure that investments align with broader sustainability considerations. The fund actively reviews its holdings to ensure they meet its standards for financial health and sustainable practices. This approach aims to capitalize on market undervaluation opportunities while pursuing capital appreciation over the long term.
Key statistics
Expense ratio
0.59%
Assets (AUM)
$27.6M
Holdings
27
NAV
$32.42
Avg. volume
—
1-year price change
+22.36%
5-year price change
—
Price change excludes dividends.
Top 10 holdings
PRVS holds 27 securities in total. These 10 are 49.8% of the fund.
Where the money is invested
Sectors
Countries
How to buy PRVS from India
Indian residents can buy PRVS 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 PRVS and buy
Find the fund by its ticker, PRVS, on the New York Stock Exchange, 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 PRVS from India
Trading and taxes when buying PRVS 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 PRVS price today?
Parnassus Funds - Parnassus Value Select ETF (PRVS) last traded at $32.45 on the New York Stock Exchange, as of 29 Sep 2026, 3:52 PM ET. That is ₹3,117 a unit at the 29 Sep 2026 USD/INR rate.
When does PRVS trade, in Indian time?
The New York Stock Exchange 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 PRVS, and what does it cost to hold?
Parnassus Funds - Parnassus Value Select ETF manages about $27.6M. Its expense ratio is 0.59% a year, deducted inside the fund. It launched in 2024.
What are PRVS's largest holdings?
The top three are Microsoft Corp. (7.2%), Amazon.com Inc. (7.0%) and Taiwan Semiconductor Mfg Co Ltd., ADR (5.4%). PRVS's 10 largest positions make up 49.8% of the fund.
Does PRVS pay dividends?
Yes. PRVS 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 PRVS 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 PRVS?
Yes. You can buy PRVS by amount rather than by whole unit, and there is no minimum trade size.
How has PRVS performed?
PRVS' price is up 22.4% over the past year. These figures are price change only and exclude dividends; past performance does not guarantee future returns.