NASDAQ · ETF
Invest in EQQQ ETF from India
Indian and foreign residents can buy Proshares Ultra Qqq Equal Weight (EQQQ) units directly through Paasa.
By Paasa · Updated
EQQQ is a leveraged or inverse fund that resets daily; held longer than a day, its return can differ sharply from the stated multiple of the index.
EQQQ at a glance
- Price
- $41.18+$0.36 (0.89%)
- Expense ratio
- 1.12%
- Day range
- $40.78 – $41.24
- Assets
- $5.3M
- Domicile
- the US
- Holdings
- —
- Launched
- 2026
- Dividends
- Distributing
Top 10 holdings
- 1Net Other Assets (Liabilities)79.1%
- 2INTEL CORP0.3%
- 3ADVANCED MICRO DEVICES0.3%
- 4META PLATFORMS INC-CLASS A0.3%
- 5MARVELL TECHNOLOGY INC0.3%
- 6ASTERA LABS INC0.3%
- 7ARM HOLDINGS PLC-ADR0.3%
- 8SEAGATE TECHNOLOGY HOLDINGS0.2%
- 9DATADOG INC - CLASS A0.2%
- 10STRATEGY INC0.2%
These 10 are 81.5% of the fund.
Where the money is invested
Countries
- Other79.1%
- United States18.3%
- Netherlands0.9%
- United Kingdom0.7%
- Canada0.4%
- Singapore0.2%
How to invest in EQQQ 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 EQQQ and buy
Find the fund by its ticker, EQQQ, on NASDAQ, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Why invest in EQQQ from India
What EQQQ holds
Seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Nasdaq-100 Equal Weighted Index.
Hold a dollar asset
EQQQ 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 EQQQ 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 EQQQ from India?
Yes. Indian residents can buy Proshares Ultra Qqq Equal Weight (EQQQ) through Paasa. It is listed on NASDAQ 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 EQQQ invest in?
Its largest holdings are Net Other Assets (Liabilities) (79.1%), INTEL CORP (0.3%) and ADVANCED MICRO DEVICES (0.3%). It is a distributing fund domiciled in the US.
What is the expense ratio of EQQQ?
Proshares Ultra Qqq Equal Weight has an expense ratio of 1.12% a year, taken from the fund's assets rather than billed to you. The fund manages about $5.3M.
How are EQQQ dividends taxed in India?
Proshares Ultra Qqq Equal Weight 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 EQQQ?
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 EQQQ unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $41.18, and there is no minimum trade size.
What happens to my EQQQ 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.