Tortoise Electrification Infrastructure ETF
Tortoise Electrification Infrastructure ETF (NYSE: TPZ) is an exchange-traded fund listed on the New York Stock Exchange, trading at $20.11 (about ₹1,928 a unit) as of 25 Sep 2026, 3:56 PM ET. It has an expense ratio of 0.85%. Indian residents can buy TPZ through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$20.11
Today's high
$20.11
52 week low
$19.93
52 week high
$23.03
TPZ opened at $20.11, closed previously at $20.31, and has traded between $19.93 and $23.03 over the past 52 weeks.
About
TPZ invests in equity and fixed income securities, mainly in US electrification infrastructure companies that are expected to provide consistent income regardless of the economic cycle. The fund invests in companies that use long-lived assets for the generation, transmission, and distribution of electric power, and related energy infrastructure such as utilities, pipelines, LNG facilities, and renewable energy assets. Fixed income investments may be of any maturity, comprising up to 50% of the portfolio. The fund caps junk bonds to 25%, MLPs to 25%, and non-US issuers to 10%. In addition, the actively managed fund employs a covered call strategy against select equity positions. Starting with $313 million in assets, the ETF is the product of the merger of three closed-end funds: Tortoise Power and Energy Infrastructure (TPZ), Tortoise Energy Independence Fund, Inc. (NDP), and Tortoise Pipeline & Energy Fund, Inc. Before Jan 1, 2026, the fund was named Tortoise Essential Energy Fund.
Key statistics
Expense ratio
0.85%
Assets (AUM)
$113.1M
Holdings
—
NAV
$20.16
Avg. volume
—
1-year price change
-3.90%
5-year price change
+52.20%
Price change excludes dividends.
Top 10 holdings
These 10 are 56.1% of the fund.
Where the money is invested
Sectors
Countries
How to buy TPZ from India
Indian residents can buy TPZ 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 TPZ and buy
Find the fund by its ticker, TPZ, 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 TPZ from India
Trading and taxes when buying TPZ 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 TPZ price today?
Tortoise Electrification Infrastructure ETF (TPZ) last traded at $20.11 on the New York Stock Exchange, as of 25 Sep 2026, 3:56 PM ET. That is ₹1,928 a unit at the 25 Sep 2026 USD/INR rate.
When does TPZ 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 TPZ, and what does it cost to hold?
Tortoise Electrification Infrastructure ETF manages about $113.1M. Its expense ratio is 0.85% a year, deducted inside the fund. It launched in 2024.
What are TPZ's largest holdings?
The top three are Energy Transfer LP (7.9%), Cheniere Energy Inc (7.9%) and Targa Resources Corp (6.7%). TPZ's 10 largest positions make up 56.1% of the fund.
Does TPZ pay dividends?
Yes. TPZ 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 TPZ 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 TPZ?
Yes. You can buy TPZ by amount rather than by whole unit, and there is no minimum trade size.
How has TPZ performed?
TPZ's price is down 3.9% over the past year and up 52.2% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.