Tokyo Stock Exchange · ETF
Invest in 1615 ETF from India
Indian and foreign residents can buy NEXT FUNDS TOPIX Banks ETF (1615) units directly through Paasa.
By Paasa · Updated
1615 at a glance
- Price
- ¥774.80-¥11.70 (1.49%)
- Expense ratio
- 0.21%
- Day range
- ¥771.30 – ¥787.50
- Assets
- ¥600.4B
- Domicile
- Japan
- Holdings
- —
- Launched
- 2002
- Dividends
- Distributing
- 1 month
- +0.77%
- 6 months
- +31.81%
- YTD
- +46.69%
- 1 year
- +63.98%
- 5 years
- +387.30%
Price change, excluding dividends.
Top 10 holdings
- 1MITSUBISHI UFJ FINANCIAL GROUP,INC.8306.T30.3%
- 2SUMITOMO MITSUI FINANCIAL GROUP,INC.8316.T19.9%
- 3MIZUHO FINANCIAL GROUP,INC.8411.T15.7%
- 4JAPAN POST BANK CO.,LTD.7182.T4.8%
- 5RESONA HOLDINGS, INC.8308.T4.1%
- 6SUMITOMO MITSUI TRUST GROUP,INC.8309.T3.2%
- 7TOPIX Banks Index Futures 26093.2%
- 8YOKOHAMA FINANCIAL GROUP,INC.7186.T1.3%
- 9THE CHIBA BANK,LTD.8331.T1.1%
- 10SHIZUOKA FINANCIAL GROUP,INC.5831.T1.1%
These 10 are 84.6% of the fund.
Where the money is invested
Countries
- Japan97.5%
- Other2.5%
How to invest in 1615 from India
Step 1
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.
Step 2
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, and Interactive Brokers converts the dollars to JPY when you buy.
Step 3
Search 1615 and buy
Find the fund by its ticker, 1615, on the Tokyo Stock Exchange, and place your order. The Tokyo Stock Exchange typically trades in units of 100 shares.
Why invest in 1615 from India
What 1615 holds
The Fund aims at investment performance linked to the TOPIX Banks Index (Benchmark Index).
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Frequently asked questions
Can I buy 1615 from India?
Yes. Indian residents can buy NEXT FUNDS TOPIX Banks ETF (1615) through Paasa. It is listed on the Tokyo Stock Exchange and trades in JPY. Your money leaves India under the RBI's Liberalised Remittance Scheme, and the units are held in your own name at Interactive Brokers.
What does 1615 invest in?
Its largest holdings are MITSUBISHI UFJ FINANCIAL GROUP,INC. (30.3%), SUMITOMO MITSUI FINANCIAL GROUP,INC. (19.9%) and MIZUHO FINANCIAL GROUP,INC. (15.7%). It is a distributing fund domiciled in Japan.
What is the expense ratio of 1615?
NEXT FUNDS TOPIX Banks ETF has an expense ratio of 0.21% a year, taken from the fund's assets rather than billed to you. The fund manages about ¥600.4B.
How are 1615 dividends taxed in India?
NEXT FUNDS TOPIX Banks ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. Japan withholds a preferential 10% on dividends for Indian residents under the India–Japan DTAA rather than the higher domestic rate, and the tax withheld can be claimed as a foreign tax credit in India. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
What tax do I pay in India when I sell 1615?
Japan generally does not levy capital gains tax on non-resident individual investors. In India, gains on foreign ETF units held for more than 24 months are long-term and taxed at 12.5% without indexation, and gains on units held for 24 months or less are short-term and taxed at your income-tax slab rate. Both are worked out in rupees at the JPY/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.
Can I buy a single 1615 unit?
Usually more than one, and not a fraction: the Tokyo Stock Exchange typically trades in units of 100 shares. At ¥774.80 a unit, size the order by the lot.