Large Cap Ex-Mag 7 ETF
Large Ex-Mag 7 ETF (NASDAQ: XMAG) is an exchange-traded fund listed on NASDAQ, trading at $25.82 (about ₹2,435 a unit) as of 13 Nov 2026, 4:00 PM ET. It has an expense ratio of 0.35% and holds 494 securities. Indian residents can buy XMAG through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$25.58
Today's high
$25.95
52 week low
$21.57
52 week high
$26.92
XMAG opened at $25.94, closed previously at $25.98, and has traded between $21.57 and $26.92 over the past 52 weeks.
About
The Defiance Large Cap ex-Magnificent Seven ETF endeavors to replicate the investment outcomes of the BITA US 500 ex-Magnificent 7 Index, exclusive of any fees and expenditures.
Key statistics
Expense ratio
0.35%
Assets (AUM)
$209.1M
Holdings
494
NAV
$25.90
Avg. volume
74.05K
1-year price change
+15.99%
5-year price change
—
Price change excludes dividends.
Top 10 holdings
XMAG holds 494 securities in total. These 10 are 19.9% of the fund.
Where the money is invested
Sectors
Countries
How to buy XMAG from India
Indian residents can buy XMAG 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 XMAG 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 XMAG and buy
Find the fund by its ticker, XMAG, on NASDAQ, 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 XMAG position in USD and INR. XMAG reinvests its income instead of paying it out, so your filing is the capital-gains statement plus the Schedule FA holding line.
Trading and taxes when buying XMAG 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
FAQs
What is the XMAG price today?
Large Ex-Mag 7 ETF (XMAG) last traded at $25.82 on NASDAQ, as of 13 Nov 2026, 4:00 PM ET. That is ₹2,435 a unit at the 13 Nov 2026 USD/INR rate.
When does XMAG trade, in Indian time?
NASDAQ 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 XMAG, and what does it cost to hold?
Large Ex-Mag 7 ETF manages about $209.1M. Its expense ratio is 0.35% a year, deducted inside the fund. It launched in 2024.
What are XMAG's largest holdings?
The top three are Eli Lilly & Co (2.8%), Broadcom Inc (2.7%) and Advanced Micro Devices Inc (2.2%). XMAG's 10 largest positions make up 19.9% of the fund.
Does XMAG pay dividends?
No. XMAG is an accumulating fund: dividends from its holdings are reinvested inside the fund, so nothing is paid out to you.
How are gains on XMAG 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 XMAG?
Yes. You can buy XMAG by amount rather than by whole unit, and there is no minimum trade size.
How has XMAG performed?
XMAG's price is up 16.0% over the past year. These figures are price change only and exclude dividends; past performance does not guarantee future returns.