NASDAQ · ETF
Invest in ARMY ETF from India
Indian and foreign residents can buy Tema International Defense Innovation ETF (ARMY) units directly through Paasa.
By Paasa · Updated
ARMY at a glance
- Price
- $23.66+$0.51 (2.20%)
- Expense ratio
- 0.75%
- Day range
- $23.54 – $23.74
- Assets
- $7.4M
- Domicile
- the US
- Holdings
- 35
- Launched
- 2025
- Dividends
- —
Top 10 holdings
- 1ANDURIL SPV EXPOSURE8.0%
- 2CASH & CASH EQUIVALENTS7.4%
- 3ELBIT SYSTEMS LTD3.9%
- 4DASSAULT AVIATION SA3.8%
- 5INDRA SISTEMAS SA3.7%
- 6SAAB AB3.6%
- 7HENSOLDT AG3.5%
- 8KONGSBERG GRUPPEN ASA3.5%
- 9BAE SYSTEMS PLC3.5%
- 10CHEMRING GROUP PLC3.5%
ARMY holds 35 securities in total. These 10 are 44.4% of the fund.
Where the money is invested
Countries
- United Kingdom18.6%
- United States17.6%
- Other15.8%
- Germany14.0%
- France10.1%
- Norway4.5%
How to invest in ARMY 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 ARMY and buy
Find the fund by its ticker, ARMY, 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 ARMY from India
What ARMY holds
This exchange-traded fund (ETF) targets the aerospace and defense industry, specifically investing in companies whose primary operations involve defense-related activities and emphasize innovation. Its portfolio is concentrated across three critical sub-sectors: advanced defense hardware, such as robotics, unmanned aerial vehicles (drones), military transport, space technologies, sensor and networking infrastructure, and sophisticated weaponry; cutting-edge defense software, including artificial intelligence (AI), the Internet of Things (IoT), augmented and virtual reality (AR/VR), big data…
Hold a dollar asset
ARMY 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 ARMY 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 ARMY from India?
Yes. Indian residents can buy Tema International Defense Innovation ETF (ARMY) 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 ARMY invest in?
Tema International Defense Innovation ETF holds 35 securities. Its largest holdings are ANDURIL SPV EXPOSURE (8.0%), CASH & CASH EQUIVALENTS (7.4%) and ELBIT SYSTEMS LTD (3.9%). The fund is domiciled in the US.
What is the expense ratio of ARMY?
Tema International Defense Innovation ETF has an expense ratio of 0.75% a year, taken from the fund's assets rather than billed to you. The fund manages about $7.4M.
What tax do I pay in India when I sell ARMY?
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 ARMY unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $23.66, and there is no minimum trade size.
What happens to my ARMY 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.