NASDAQ · ETF
Invest in FAAA ETF from India
Indian and foreign residents can buy FIDELITY AAA CLO ETF (FAAA) units directly through Paasa.
By Paasa · Updated
FAAA at a glance
- Price
- $50.42-$0.01 (0.01%)
- Expense ratio
- 0.2%
- Day range
- $50.40 – $50.42
- Assets
- $100.3M
- Domicile
- the US
- Holdings
- —
- Launched
- 2026
- Dividends
- Distributing
Top 10 holdings
- 1CASH CF2.6%
- 2OC 24-13A AR2 TSFR3M+134 11/371.4%
- 3PLMRS 26-3A AR TSFR3M+122 01/31.3%
- 4AN 26-18AR A1R TSFR3M+125 7/391.3%
- 5CG 26-11AR A1R TSFR3M+126 7/391.3%
- 6AGL 25-17A AR TSFR3M+95 01/351.2%
- 7CANYC 25-1A AR TSFR3M+105 04/31.2%
- 8MDPK 2026-74A A1 TSFM+125 7/381.1%
- 9API 2239A A1R TSFR3M+123 10/381.1%
- 10OCP 25-26A AR TSFR3M+108 04/371.1%
These 10 are 13.7% of the fund.
Where the money is invested
Countries
- United States100.4%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| ICLOLSEInvesco USD AAA CLO UCITS ETF USD | 0.25% | 899.3M |
Assets are shown in each fund's own reporting currency.
How to invest in FAAA 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 FAAA and buy
Find the fund by its ticker, FAAA, 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 FAAA from India
What FAAA holds
The Fund seeks to generate income. The fund pays transaction costs, such as commissions, when it buys and sells securities.
Hold a dollar asset
FAAA 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 FAAA 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 FAAA from India?
Yes. Indian residents can buy FIDELITY AAA CLO ETF (FAAA) 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 FAAA invest in?
Its largest holdings are CASH CF (2.6%), OC 24-13A AR2 TSFR3M+134 11/37 (1.4%) and PLMRS 26-3A AR TSFR3M+122 01/3 (1.3%). It is a distributing fund domiciled in the US.
What is the expense ratio of FAAA?
FIDELITY AAA CLO ETF has an expense ratio of 0.2% a year, taken from the fund's assets rather than billed to you. The fund manages about $100.3M.
How are FAAA dividends taxed in India?
FIDELITY AAA CLO 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 FAAA?
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 FAAA unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $50.42, and there is no minimum trade size.
What happens to my FAAA 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.