Northern Trust Ultra-Short Fixed Income ETF
Northern Trust Ultra-Short Fixed ETF (AMEX: RAVI) is an exchange-traded fund listed on NYSE Arca, trading at $75.03 (about ₹7,060 a unit) as of 12 Nov 2026, 4:00 PM ET. It has an expense ratio of 0.26% and holds 294 securities. Indian residents can buy RAVI through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$75.00
Today's high
$75.07
52 week low
$74.36
52 week high
$75.63
RAVI opened at $75.00, closed previously at $75.03, and has traded between $74.36 and $75.63 over the past 52 weeks.
About
This fund, formerly known as the "FlexShares Ready Access Variable Income Fund," is tailored for investors prioritizing a consistent income stream alongside minimal fluctuations in their investment's net asset value (NAV). The FlexShares Ultra-Short Income Fund (RAVI) aims to maximize current income, always with the critical objectives of protecting capital and ensuring liquidity.
Key statistics
Expense ratio
0.26%
Assets (AUM)
$1.6B
Holdings
294
NAV
$75.04
Avg. volume
86.57K
1-year price change
-0.56%
5-year price change
-1.25%
Price change excludes dividends.
Top 10 holdings
RAVI holds 294 securities in total. These 10 are 14.5% of the fund.
Where the money is invested
Sectors
Countries
How to buy RAVI from India
Indian residents can buy RAVI 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 RAVI 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 RAVI and buy
Find the fund by its ticker, RAVI, 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 RAVI 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 RAVI 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
FAQs
What is the RAVI price today?
Northern Trust Ultra-Short Fixed ETF (RAVI) last traded at $75.03 on NYSE Arca, as of 12 Nov 2026, 4:00 PM ET. That is ₹7,060 a unit at the 12 Nov 2026 USD/INR rate.
When does RAVI 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 RAVI, and what does it cost to hold?
Northern Trust Ultra-Short Fixed ETF manages about $1.6B. Its expense ratio is 0.26% a year, deducted inside the fund. It launched in 2012.
What are RAVI's largest holdings?
The top three are WALT DISNEY CO/THE NOTES VARIABLE 14/MAR/2029 USD (2.5%), MERCK & CO INC NOTES VARIABLE 15/MAR/2029 USD 1000 (1.8%) and BANK OF AMERICA CORP CALLABLE NOTES VARIABLE (1.5%). RAVI's 10 largest positions make up 14.5% of the fund.
Does RAVI pay dividends?
Yes. RAVI 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 RAVI 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 RAVI?
Yes. You can buy RAVI by amount rather than by whole unit, and there is no minimum trade size.
How has RAVI performed?
RAVI's price is down 0.6% over the past year and down 1.3% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.