NYSE Arca · ETF
Invest in CNEQ ETF from India
Indian and foreign residents can buy Alger Concentrated Equity ETF (CNEQ) units directly through Paasa.
By Paasa · Updated
CNEQ at a glance
- Price
- $40.63+$0.07 (0.17%)
- Expense ratio
- 0.56%
- Day range
- $40.61 – $41.00
- Assets
- $3.2B
- Domicile
- the US
- Holdings
- 30
- Launched
- 2024
- Dividends
- Distributing
- 1 month
- +2.89%
- 6 months
- +30.56%
- YTD
- +16.89%
- 1 year
- +15.56%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1NVIDIA CORP USD 0.00114.9%
- 2MICROSOFT COM USD0.000006258.0%
- 3ALPHABET INC CLASS C6.1%
- 4TAIWAN SEMICONDUCTOR M TWD 10.0 ADR6.1%
- 5DREYFUS TRSY OBLIG CASH MGMT CL INS5.2%
- 6APPLE INC USD 0.000015.1%
- 7BROADCOM INC NPV4.7%
- 8NEBIUS GROUP N.V.4.7%
- 9AMAZON COM INC USD 0.014.1%
- 10WESTERN DIGITAL CORP USD 0.014.1%
CNEQ holds 30 securities in total. These 10 are 63.0% of the fund.
Where the money is invested
Sectors
- Technology52.2%
- Communication Services15.6%
- Consumer Cyclical10.9%
- Industrials10.8%
- Healthcare5.5%
- Utilities2.8%
Countries
- United States79.8%
- Other6.1%
- Taiwan5.7%
- Netherlands4.6%
- Singapore2.4%
- Denmark1.3%
How to invest in CNEQ 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 CNEQ and buy
Find the fund by its ticker, CNEQ, 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 CNEQ from India
What CNEQ holds
The Alger Concentrated Equity ETF primarily invests its capital in the stock of large-capitalization companies. These firms are selected by the portfolio manager for their perceived substantial growth prospects.
Hold a dollar asset
CNEQ 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 CNEQ 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 CNEQ from India?
Yes. Indian residents can buy Alger Concentrated Equity ETF (CNEQ) 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 CNEQ invest in?
Alger Concentrated Equity ETF holds 30 securities. Its largest holdings are NVIDIA CORP USD 0.001 (14.9%), MICROSOFT COM USD0.00000625 (8.0%) and ALPHABET INC CLASS C (6.1%). Technology is its largest sector at 52.2%. It is a distributing fund domiciled in the US.
What is the expense ratio of CNEQ?
Alger Concentrated Equity ETF has an expense ratio of 0.56% a year, taken from the fund's assets rather than billed to you. The fund manages about $3.2B.
How are CNEQ dividends taxed in India?
Alger Concentrated Equity ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. The US withholds 25% tax on dividends before they reach you; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit when you file 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 CNEQ?
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 CNEQ unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $40.63, and there is no minimum trade size.
What happens to my CNEQ 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.