Tortoise Global Water Fund
Tortoise Global Water Fund (NYSE: TBLU) is an exchange-traded fund listed on the New York Stock Exchange, trading at $52.71 (about ₹4,957 a unit) as of 9 Nov 2026, 12:27 PM ET. It has an expense ratio of 0.4% and holds 23 securities. Indian residents can buy TBLU through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$52.12
Today's high
$52.77
52 week low
$48.11
52 week high
$56.90
TBLU opened at $52.14, closed previously at $51.41, and has traded between $48.11 and $56.90 over the past 52 weeks.
About
The TBLU fund offers investors exposure to a diverse array of water-related enterprises across all market capitalization sizes within developed nations. Its investment strategy focuses on identifying companies that generate at least 40% of their gross revenue from either water infrastructure, water equipment, or water services. Water infrastructure firms encompass those engaged in public water distribution, engineering, construction, or consulting activities. Companies providing water equipment supply crucial components such as pipes, valves, and pumps, alongside water efficiency products like filtration, treatment, and testing solutions. Service companies, meanwhile, deliver technologies designed to facilitate the management of water distribution, usage, treatment, and irrigation. The fund's portfolio typically consists of a few dozen holdings, with a notable emphasis on U.S.-based companies. Before June 5, 2018, the fund tracked the Tortoise Water Index, primarily investing in North American water companies. Prior to its merger with Ecofin on August 21, 2020, the fund operated under the name Tortoise Global Water ESG Fund and traded with the ticker TBLU. Post-merger, it was rebranded as the Ecofin Global Water ESG Fund and traded as EBLU. However, as of September 17, 2024, both the fund's name and ticker have reverted to Tortoise Global Water ESG Fund and TBLU, respectively.
Key statistics
Expense ratio
0.4%
Assets (AUM)
$56.0M
Holdings
23
NAV
$51.40
Avg. volume
1.74K
1-year price change
-0.17%
5-year price change
+6.55%
Price change excludes dividends.
Top 10 holdings
TBLU holds 23 securities in total. These 10 are 63.1% of the fund.
Where the money is invested
Sectors
Countries
How to buy TBLU from India
Indian residents can buy TBLU 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 TBLU 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 TBLU and buy
Find the fund by its ticker, TBLU, 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.
Track holdings and download tax reports
Follow your TBLU 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 TBLU 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
FAQs
What is the TBLU price today?
Tortoise Global Water Fund (TBLU) last traded at $52.71 on the New York Stock Exchange, as of 9 Nov 2026, 12:27 PM ET. That is ₹4,957 a unit at the 8 Nov 2026 USD/INR rate.
When does TBLU trade, in Indian time?
The New York Stock Exchange 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 TBLU, and what does it cost to hold?
Tortoise Global Water Fund manages about $56.0M. Its expense ratio is 0.4% a year, deducted inside the fund. It launched in 2017.
What are TBLU's largest holdings?
The top three are Veralto Corp (9.0%), Ecolab Inc (8.0%) and American Water Works Co Inc (7.8%). TBLU's 10 largest positions make up 63.1% of the fund.
Does TBLU pay dividends?
Yes. TBLU 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 TBLU 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 TBLU?
Yes. You can buy TBLU by amount rather than by whole unit, and there is no minimum trade size.
How has TBLU performed?
TBLU's price is down 0.2% over the past year and up 6.5% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.