NASDAQ · ETF
Invest in AMID ETF from India
Indian and foreign residents can buy Argent Mid ETF (AMID) units directly through Paasa.
By Paasa · Updated
AMID at a glance
- Price
- $36.48+$0.11 (0.30%)
- Expense ratio
- 0.52%
- Day range
- $36.29 – $36.55
- Assets
- $116.2M
- Domicile
- the US
- Holdings
- —
- Launched
- 2022
- Dividends
- Accumulating
- 1 month
- -0.10%
- 6 months
- +15.24%
- YTD
- +7.60%
- 1 year
- +7.56%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1Victory Capital Holdings Inc5.0%
- 2Medpace Holdings Inc3.6%
- 3Comfort Systems USA Inc3.3%
- 4Hewlett Packard Enterprise Co2.9%
- 5United Rentals Inc2.8%
- 6Okta Inc2.8%
- 7Illumina Inc2.8%
- 8Twilio Inc2.8%
- 9LPL Financial Holdings Inc2.8%
- 10AMETEK Inc2.6%
These 10 are 31.4% of the fund.
Where the money is invested
Sectors
- Industrials30.0%
- Technology19.9%
- Financial Services17.4%
- Healthcare15.3%
- Consumer Cyclical6.1%
- Energy4.4%
Countries
- United States93.4%
- Bermuda2.2%
- Canada1.9%
- Ireland1.6%
- Other0.9%
How to invest in AMID 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.
Step 3
Search AMID and buy
Find the fund by its ticker, AMID, on NASDAQ, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Why invest in AMID from India
What AMID holds
This actively managed exchange-traded fund aims to achieve its investment goals by concentrating its portfolio on the equity shares of mid-sized companies. These are defined as firms with market capitalizations similar to those found within the Russell MidCap Index, which the Sub-Adviser identifies as undergoing beneficial internal or external shifts.
Dividends reinvested for you
Dividends from AMID's holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
Hold a dollar asset
AMID is priced in US dollars, so a weaker rupee adds to what it's worth in rupees. The rupee depreciated over 85% against the dollar between 2010 and 2025.
Buy a fraction of a unit
Buy by amount, not by unit, and get the matching fraction of one AMID unit. There is no minimum trade size.
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.
Planning to hold more than $60,000 in US ETFs? Here's what US estate tax means for you.
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family.
A UCITS ETF tracking a similar market sits outside US estate tax.
Frequently asked questions
Can I buy AMID from India?
Yes. Indian residents can buy Argent Mid ETF (AMID) through Paasa. It is listed on NASDAQ and trades in US dollars. 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 AMID invest in?
Its largest holdings are Victory Capital Holdings Inc (5.0%), Medpace Holdings Inc (3.6%) and Comfort Systems USA Inc (3.3%). Industrials is its largest sector at 30.0%. It is an accumulating fund domiciled in the US.
What is the expense ratio of AMID?
Argent Mid ETF has an expense ratio of 0.52% a year, taken from the fund's assets rather than billed to you. The fund manages about $116.2M.
Does AMID pay dividends?
No. Argent Mid ETF is an accumulating fund. Dividends from its holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
What tax do I pay in India when I sell AMID?
The US does not levy capital gains tax on shares for Indian residents. 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 USD/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 fraction of one AMID unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $36.48, and there is no minimum trade size.
What happens to my AMID units if I pass away?
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family. A UCITS ETF tracking a similar market sits outside US estate tax. Paasa's US estate tax calculator shows the exposure for a given portfolio value.