Putnam Focused Large Cap Value ETF
Putnam Focused Large Value ETF (AMEX: PVAL) is an exchange-traded fund listed on NYSE Arca, trading at $53.45 (about ₹5,132 a unit) as of 25 Sep 2026, 2:13 PM ET. It has an expense ratio of 0.56% and holds 45 securities. Indian residents can buy PVAL through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$52.94
Today's high
$53.45
52 week low
$41.58
52 week high
$54.70
PVAL opened at $53.04, closed previously at $53.01, and has traded between $41.58 and $54.70 over the past 52 weeks.
About
This ETF aims to deliver both long-term capital appreciation and consistent income. It primarily allocates its investments to common shares of U.S.-based companies, with a strategic emphasis on value stocks that offer the prospect of either significant growth, regular income streams, or a combination of the two.
Key statistics
Expense ratio
0.56%
Assets (AUM)
$14.3B
Holdings
45
NAV
$52.98
Avg. volume
—
1-year price change
+25.85%
5-year price change
+104.09%
Price change excludes dividends.
Top 10 holdings
PVAL holds 45 securities in total. These 10 are 42.7% of the fund.
Where the money is invested
Sectors
Countries
How to buy PVAL from India
Indian residents can buy PVAL 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 PVAL and buy
Find the fund by its ticker, PVAL, 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 PVAL from India
Trading and taxes when buying PVAL 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
- ReinvestedDividends from its holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
- 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 PVAL price today?
Putnam Focused Large Value ETF (PVAL) last traded at $53.45 on NYSE Arca, as of 25 Sep 2026, 2:13 PM ET. That is ₹5,132 a unit at the 24 Sep 2026 USD/INR rate.
When does PVAL 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 PVAL, and what does it cost to hold?
Putnam Focused Large Value ETF manages about $14.3B. Its expense ratio is 0.56% a year, deducted inside the fund. It launched in 2021.
What are PVAL's largest holdings?
The top three are Microsoft Corp (9.3%), Apple Inc (6.7%) and Amazon.com Inc (4.7%). PVAL's 10 largest positions make up 42.7% of the fund.
Does PVAL pay dividends?
No. PVAL is an accumulating fund: dividends from its holdings are reinvested inside the fund, so nothing is paid out to you.
How are gains on PVAL 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 PVAL?
Yes. You can buy PVAL by amount rather than by whole unit, and there is no minimum trade size.
How has PVAL performed?
PVAL's price is up 25.9% over the past year and up 104.1% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.