New York Stock Exchange · ETF
Invest in CPAI ETF from India
Indian and foreign residents can buy Northern Lights Fund Trust III - Counterpoint Quantitative Equity ETF (CPAI) units directly through Paasa.
By Paasa · Updated
CPAI at a glance
- Price
- $51.17-$0.33 (0.64%)
- Expense ratio
- 0.75%
- Day range
- $50.48 – $51.23
- Assets
- $547.3M
- Domicile
- the US
- Holdings
- 50
- Launched
- 2023
- Dividends
- Distributing
- 1 month
- -3.94%
- 6 months
- +8.83%
- YTD
- +26.47%
- 1 year
- +30.70%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1Teladoc Health, Inc.2.9%
- 2Box, Inc.2.6%
- 3Dollar Tree, Inc.2.5%
- 4Simply Good Foods Company (The)2.5%
- 5McKesson Corporation2.5%
- 6Cardinal Health, Inc.2.5%
- 7Etsy, Inc.2.5%
- 8BlackBerry Ltd.2.4%
- 9Motorola Solutions, Inc.2.4%
- 10GoDaddy, Inc.2.3%
CPAI holds 50 securities in total. These 10 are 25.1% of the fund.
Where the money is invested
Sectors
- Technology31.8%
- Energy21.3%
- Healthcare15.2%
- Consumer Cyclical9.8%
- Consumer Defensive8.5%
- Communication Services5.5%
Countries
- United States96.2%
- Canada2.3%
- Israel1.4%
How to invest in CPAI 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 CPAI and buy
Find the fund by its ticker, CPAI, on the New York Stock Exchange, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Why invest in CPAI from India
What CPAI holds
The Counterpoint Quantitative Equity ETF aims for significant long-term capital appreciation by investing in individual stocks identified through their multi-factor exposure. Utilizing advanced quantitative models and artificial intelligence, the fund seeks to deliver performance superior to the broader market.
Hold a dollar asset
CPAI 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 CPAI 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 CPAI from India?
Yes. Indian residents can buy Northern Lights Fund Trust III - Counterpoint Quantitative Equity ETF (CPAI) through Paasa. It is listed on the New York Stock Exchange 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 CPAI invest in?
Northern Lights Fund Trust III - Counterpoint Quantitative Equity ETF holds 50 securities. Its largest holdings are Teladoc Health, Inc. (2.9%), Box, Inc. (2.6%) and Dollar Tree, Inc. (2.5%). Technology is its largest sector at 31.8%. It is a distributing fund domiciled in the US.
What is the expense ratio of CPAI?
Northern Lights Fund Trust III - Counterpoint Quantitative Equity 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 $547.3M.
How are CPAI dividends taxed in India?
Northern Lights Fund Trust III - Counterpoint Quantitative 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 CPAI?
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 CPAI unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $51.17, and there is no minimum trade size.
What happens to my CPAI 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.