NYSE Arca · ETF
Invest in DMX ETF from India
Indian and foreign residents can buy DoubleLine Multi-Sector ETF (DMX) units directly through Paasa.
By Paasa · Updated
DMX at a glance
- Price
- $49.31+$0.00 (0.00%)
- Expense ratio
- 0.5%
- Day range
- $49.27 – $49.31
- Assets
- $108.3M
- Domicile
- the US
- Holdings
- —
- Launched
- 2024
- Dividends
- Distributing
- 1 month
- -1.63%
- 6 months
- -1.36%
- YTD
- -2.51%
- 1 year
- -2.59%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1DREYFUS GOVERN CASH GNT-INS2.3%
- 2Northern Institutional Funds -2.2%
- 3MSILF Government Portfolio2.2%
- 4NET OTHER ASSETS1.1%
- 5BCC 2018-2A DR0.9%
- 6CPTPK 2024-1A D0.9%
- 7EFMT 2026-INV8 M1A0.9%
- 8CROSS 2026-NQM10 M10.9%
- 9ACRA 2026-NQM1 M10.9%
- 10NRZT 2026-NQM7 B10.8%
These 10 are 13.0% of the fund.
How to invest in DMX 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 DMX and buy
Find the fund by its ticker, DMX, 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 DMX from India
What DMX holds
Under normal circumstances, the fund invests at least 80% of its net assets (plus the amount of borrowings for investment purposes) in income-producing instruments. Income-producing instruments include but are not limited to bonds, debt securities and other fixed income and income-producing instruments of any kind issued or guaranteed by governmental or non-governmental entities.
Hold a dollar asset
DMX 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 DMX 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 DMX from India?
Yes. Indian residents can buy DoubleLine Multi-Sector ETF (DMX) 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 DMX invest in?
Its largest holdings are DREYFUS GOVERN CASH GNT-INS (2.3%), Northern Institutional Funds - (2.2%) and MSILF Government Portfolio (2.2%). It is a distributing fund domiciled in the US.
What is the expense ratio of DMX?
DoubleLine Multi-Sector ETF has an expense ratio of 0.5% a year, taken from the fund's assets rather than billed to you. The fund manages about $108.3M.
How are DMX dividends taxed in India?
DoubleLine Multi-Sector 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 DMX?
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 DMX unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $49.31, and there is no minimum trade size.
What happens to my DMX 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.