NYSE Arca · ETF
Invest in BNDS ETF from India
Indian and foreign residents can buy Infrastructure Capital Bond ETF (BNDS) units directly through Paasa.
By Paasa · Updated
BNDS at a glance
- Price
- $49.55-$0.05 (0.11%)
- Expense ratio
- 0.88%
- Day range
- $49.45 – $49.71
- Assets
- $95.5M
- Domicile
- the US
- Holdings
- 10
- Launched
- 2025
- Dividends
- Distributing
- 1 month
- -1.79%
- 6 months
- -1.07%
- YTD
- -1.48%
- 1 year
- -3.13%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1Chemours Co/The 8% 01/15/2033163851AJ73.2%
- 2ILFC E-Capital Trust II 7.09% 12/21/206544965UAA23.1%
- 3BW Real Estate Inc 9.5% 06/30/217505614HAA73.1%
- 4Rithm Capital Corp 8% 04/01/202964828TAB83.1%
- 5Venture Global LNG Inc 9% 03/30/217592332YAF83.0%
- 6Charter Communications Operating LLC / Charter Communications Operating Capital 6.834% 10/23/2055161175BC73.0%
- 7Sunoco LP 7.875% 03/18/217586765KAE92.8%
- 8Arbor Realty SR Inc 7.875% 07/15/203003881NAJ62.8%
- 9Plains All American Pipeline LP 8.1123% 12/31/2199726503AE52.6%
- 10Crescent Energy Finance LLC 7.375% 01/15/203345344LAE32.6%
BNDS holds 10 securities in total. These 10 are 29.3% of the fund.
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| ICAPAMEXInfrastructure Capital Equity Income Fund ETF | 2.47% | 119.4M |
Assets are shown in each fund's own reporting currency.
How to invest in BNDS 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 BNDS and buy
Find the fund by its ticker, BNDS, 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 BNDS from India
What BNDS holds
The Infrastructure Capital Bond Income ETF primarily seeks to generate substantial ongoing income. A secondary aim for the fund is to strategically pursue growth in its asset value, achieved mainly through investments in fixed-income instruments.
Hold a dollar asset
BNDS 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 BNDS 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 BNDS from India?
Yes. Indian residents can buy Infrastructure Capital Bond ETF (BNDS) 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 BNDS invest in?
Infrastructure Capital Bond ETF holds 10 securities. Its largest holdings are Chemours Co/The 8% 01/15/2033 (3.2%), ILFC E-Capital Trust II 7.09% 12/21/2065 (3.1%) and BW Real Estate Inc 9.5% 06/30/2175 (3.1%). It is a distributing fund domiciled in the US.
What is the expense ratio of BNDS?
Infrastructure Capital Bond ETF has an expense ratio of 0.88% a year, taken from the fund's assets rather than billed to you. The fund manages about $95.5M.
How are BNDS dividends taxed in India?
Infrastructure Capital Bond ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. 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 BNDS?
The US does not levy capital gains tax on shares for Indian residents. Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling. The gain is 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 BNDS unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $49.55, and there is no minimum trade size.
What happens to my BNDS 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.