NYSE Arca · ETF
Invest in BBLS ETF from India
Indian and foreign residents can buy Munificent Seven ETF (BBLS) units directly through Paasa.
By Paasa · Updated
BBLS at a glance
- Price
- $24.88-$0.00 (0.00%)
- Expense ratio
- 0.32%
- Day range
- $24.88 – $24.88
- Assets
- $8.0M
- Domicile
- the US
- Holdings
- —
- Launched
- 2026
- Dividends
- —
Top 10 holdings
- 1HARBOR SHRT TRM TRESRY ETFHBIL53.1%
- 2CVX260820 TRS USD R E 16676410024.7%
- 3XOM260820 TRS USD R E RE EQUITY TRS24.4%
- 4SHE260820 TRS USD R E 78025930516.6%
- 5TTE260820 TRS USD R E F9212410013.5%
- 6CHEVRON CORPCVX10.6%
- 7EXXONMOBIL HOLDINGS CORPXOM10.5%
- 8COP260820 TRS USD R E 20825C1049.1%
- 9BPU260820 TRS USD R E 0556221047.2%
- 10SHELL PLC-ADRSHEL7.2%
These 10 are 176.8% of the fund.
Where the money is invested
Countries
- United States78.3%
- United Kingdom10.4%
- France6.8%
- Norway2.7%
- Other1.9%
How to invest in BBLS 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 BBLS and buy
Find the fund by its ticker, BBLS, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Why invest in BBLS from India
What BBLS holds
Munificent Seven ETF is an actively managed exchange-traded fund that seeks long-term capital growth by providing concentrated exposure to seven major global energy companies positioned to benefit from the growing power and infrastructure requirements of artificial intelligence. The fund invests primarily in ExxonMobil, Chevron, ConocoPhillips, Shell, TotalEnergies, BP, and Equinor, which it collectively refers to as the “Munificent Seven.” The fund focuses on companies involved in energy production and infrastructure that may benefit from increasing electricity demand associated with AI da…
Hold a dollar asset
BBLS 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 BBLS 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 BBLS from India?
Yes. Indian residents can buy Munificent Seven ETF (BBLS) through Paasa. It is listed on NYSE Arca 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 BBLS invest in?
Its largest holdings are HARBOR SHRT TRM TRESRY ETF (53.1%), CVX260820 TRS USD R E 166764100 (24.7%) and XOM260820 TRS USD R E RE EQUITY TRS (24.4%). The fund is domiciled in the US.
What is the expense ratio of BBLS?
Munificent Seven ETF has an expense ratio of 0.32% a year, taken from the fund's assets rather than billed to you. The fund manages about $8.0M.
What tax do I pay in India when I sell BBLS?
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 BBLS unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $24.88, and there is no minimum trade size.
What happens to my BBLS 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.