Principal U.S. Mega-Cap ETF
Principal U.S. Mega- ETF (NASDAQ: USMC) is an exchange-traded fund listed on NASDAQ, trading at $77.53 (about ₹7,434 a unit) as of 25 Sep 2026, 4:00 PM ET. It has an expense ratio of 0.12% and holds 26 securities. Indian residents can buy USMC through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$77.15
Today's high
$77.65
52 week low
$62.28
52 week high
$77.69
USMC opened at $77.31, closed previously at $77.21, and has traded between $62.28 and $77.69 over the past 52 weeks.
About
USMC seeks long-term capital growth by targeting mega-caps in the US equity market. Mega-cap refers to a company with a market capitalization in the top 50th percentile of the S&P 500. To build the portfolio, the fund utilizes a proprietary, quantitative model. Companies in the S&P 500 with the largest market capitalizations are selected, with low-volatility stocks typically given greater weight in the portfolio. In constructing the model and managing the portfolio, the fund adviser uses insights from multiple sources, including internal research, industry reports, and third-party data. While the portfolio is rebalanced at least annually, the fund adviser has the discretion to make adjustments. Prior to September 30, 2020, the fund name was Principal U.S. Mega-Cap Multi-Factor Index ETF. On June 10, 2022, the fund ceased tracking the NASDAQ US Mega Cap Select Leaders Index and transitioned to an active management strategy.
Key statistics
Expense ratio
0.12%
Assets (AUM)
$5.3B
Holdings
26
NAV
$77.23
Avg. volume
—
1-year price change
+14.45%
5-year price change
+87.91%
Price change excludes dividends.
Top 10 holdings
USMC holds 26 securities in total. These 10 are 52.6% of the fund.
Where the money is invested
Sectors
Countries
How to buy USMC from India
Indian residents can buy USMC 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 USMC and buy
Find the fund by its ticker, USMC, on NASDAQ, 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 USMC from India
Trading and taxes when buying USMC 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
- ReinvestedDividends from its holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
- 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 USMC price today?
Principal U.S. Mega- ETF (USMC) last traded at $77.53 on NASDAQ, as of 25 Sep 2026, 4:00 PM ET. That is ₹7,434 a unit at the 26 Sep 2026 USD/INR rate.
When does USMC trade, in Indian time?
NASDAQ 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 USMC, and what does it cost to hold?
Principal U.S. Mega- ETF manages about $5.3B. Its expense ratio is 0.12% a year, deducted inside the fund. It launched in 2017.
What are USMC's largest holdings?
The top three are NVIDIA CORP COMMON STOCK USD.001 (8.0%), APPLE INC COMMON STOCK USD.00001 (7.3%) and MICROSOFT CORP COMMON STOCK USD.00000625 (5.5%). USMC's 10 largest positions make up 52.6% of the fund.
Does USMC pay dividends?
No. USMC is an accumulating fund: dividends from its holdings are reinvested inside the fund, so nothing is paid out to you.
How are gains on USMC 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 USMC?
Yes. You can buy USMC by amount rather than by whole unit, and there is no minimum trade size.
How has USMC performed?
USMC's price is up 14.5% over the past year and up 87.9% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.