THOR Index Rotation ETF
THOR Index Rotation ETF (NYSE: THIR) is an exchange-traded fund listed on the New York Stock Exchange, trading at $33.83 (about ₹3,245 a unit) as of 25 Sep 2026, 4:01 PM ET. It has an expense ratio of 0.69%. Indian residents can buy THIR through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$33.73
Today's high
$33.95
52 week low
$30.15
52 week high
$35.00
THIR opened at $33.77, closed previously at $33.60, and has traded between $30.15 and $35.00 over the past 52 weeks.
About
The THOR Index Rotation ETF (THIR) provides passively managed exposure to large-capitalization U.S. equities, utilizing a fund-of-funds strategy with an emphasis on volatility management. Its portfolio is assembled based on a proprietary algorithm that continually evaluates price trends and historical volatility across the S&P 500, the Dow Jones Industrial Average, and the NASDAQ 100, considering a medium-term horizon of three to six months. This process categorizes each index as either "risk-on" (suitable for investment) or "risk-off" (to be avoided). Only indices designated as "risk-on" are included in the portfolio. The allocation strategy adapts to these classifications: if all three indices are "risk-on," the fund allocates 33.3% of its assets to each. Should only one index be categorized as "risk-off," the remaining "risk-on" indices receive equal weighting. If just one index is "risk-on," assets are divided equally between that index and cash or cash equivalents. During extended periods of market decline, the fund can fully transition into U.S. money market funds, cash alternatives, or other exchange-traded funds. The index weights are adjusted weekly, a frequency that may lead to higher portfolio turnover.
Key statistics
Expense ratio
0.69%
Assets (AUM)
$196.2M
Holdings
—
NAV
$33.70
Avg. volume
—
1-year price change
+8.95%
5-year price change
—
Price change excludes dividends.
Top 6 holdings
These 6 are 100.0% of the fund.
Where the money is invested
Sectors
Countries
How to buy THIR from India
Indian residents can buy THIR 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 THIR and buy
Find the fund by its ticker, THIR, 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 THIR from India
Trading and taxes when buying THIR 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 THIR price today?
THOR Index Rotation ETF (THIR) last traded at $33.83 on the New York Stock Exchange, as of 25 Sep 2026, 4:01 PM ET. That is ₹3,245 a unit at the 25 Sep 2026 USD/INR rate.
When does THIR 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 THIR, and what does it cost to hold?
THOR Index Rotation ETF manages about $196.2M. Its expense ratio is 0.69% a year, deducted inside the fund. It launched in 2024.
What are THIR's largest holdings?
The top three are Invesco QQQ Trust Series 1 USD Class (33.8%), State Street SPDR S&P 500 ETF Trust USD Class (33.2%) and State Street SPDR Dow Jones Industrial Average ETF Trust (33.1%). THIR's 6 largest positions make up 100.0% of the fund.
Does THIR pay dividends?
Yes. THIR 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 THIR 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 THIR?
Yes. You can buy THIR by amount rather than by whole unit, and there is no minimum trade size.
How has THIR performed?
THIR's price is up 9.0% over the past year. These figures are price change only and exclude dividends; past performance does not guarantee future returns.