The 2023 ETF Series Trust - Pictet Emerging Markets Rising Economies ETF
The 2023 ETF Series Trust - Pictet Emerging Markets Rising Economies ETF (AMEX: RISE) is an exchange-traded fund listed on NYSE Arca, trading at $17.97 (about ₹1,732 a unit) as of 2 Oct 2026, 11:48 AM ET. It has an expense ratio of 0.73% and holds 98 securities. Indian residents can buy RISE through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$17.97
Today's high
$17.97
52 week low
$17.53
52 week high
$19.66
RISE opened at $17.97, closed previously at $18.00, and has traded between $17.53 and $19.66 over the past 52 weeks.
About
The Pictet Emerging Markets Rising Economies ETF, operating under The 2023 ETF Series Trust, is an exchange-traded fund primarily overseen by Pictet Asset Management Limited, with co-management provided by Tidal Investments LLC. This fund directs its capital toward publicly traded equities within developing economies across the globe. Its portfolio encompasses shares of companies from various sectors, including the financial industry. Stock selections prioritize firms demonstrating both value and momentum attributes, spanning a wide range of market capitalizations. A core principle of its investment strategy is to include companies that exhibit social consciousness in their operations and actively contribute to environmental responsibility. The construction of its investment portfolio is informed by a robust combination of fundamental and quantitative analysis. The ETF measures its performance against the MSCI Emerging Markets Index TR USD. Notably, the fund abstains from investing in companies engaged in civilian firearms, military weaponry and related delivery systems, alcoholic beverages, tobacco products, gambling enterprises, and nuclear energy. This ETF is legally domiciled in the United States.
Key statistics
Expense ratio
0.73%
Assets (AUM)
$21.6M
Holdings
98
NAV
$17.98
Avg. volume
4.55K
1-year price change
—
5-year price change
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Price change excludes dividends.
Top 10 holdings
RISE holds 98 securities in total. These 10 are 28.0% of the fund.
Where the money is invested
Countries
How to buy RISE from India
Indian residents can buy RISE 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 RISE and buy
Find the fund by its ticker, RISE, 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 RISE from India
Trading and taxes when buying RISE 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 RISE price today?
The 2023 ETF Series Trust - Pictet Emerging Markets Rising Economies ETF (RISE) last traded at $17.97 on NYSE Arca, as of 2 Oct 2026, 11:48 AM ET. That is ₹1,732 a unit at the 1 Oct 2026 USD/INR rate.
When does RISE 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 RISE, and what does it cost to hold?
The 2023 ETF Series Trust - Pictet Emerging Markets Rising Economies ETF manages about $21.6M. Its expense ratio is 0.73% a year, deducted inside the fund. It launched in 2026.
What are RISE's largest holdings?
The top three are CREDICORP LTD (3.1%), ITAU UNIBANCO HOLDING S- (3.0%) and PETROBRAS - PETROLEO BRA (2.9%). RISE's 10 largest positions make up 28.0% of the fund.
Does RISE pay dividends?
Yes. RISE 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 RISE 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 RISE?
Yes. You can buy RISE by amount rather than by whole unit, and there is no minimum trade size.