NYSE Arca · ETF
Invest in FDN ETF from India
Indian and foreign residents can buy First Trust Dow Jones Internet Index Fund (FDN) units directly through Paasa.
By Paasa · Updated
FDN at a glance
- Price
- $288.45+$0.82 (0.29%)
- Expense ratio
- 0.49%
- Day range
- $287.79 – $291.55
- Assets
- $5.2B
- Domicile
- the US
- Holdings
- 41
- Launched
- 2006
- Dividends
- —
- 1 month
- -1.38%
- 6 months
- +23.25%
- YTD
- +6.33%
- 1 year
- +3.08%
- 5 years
- +20.75%
Price change, excluding dividends.
Top 10 holdings
- 1Meta Platforms, Inc. (Class A)11.0%
- 2Amazon.com, Inc.9.8%
- 3Cisco Systems, Inc.8.6%
- 4Alphabet Inc. (Class A)5.8%
- 5Netflix, Inc.5.8%
- 6Arista Networks, Inc.4.8%
- 7Alphabet Inc. (Class C)4.6%
- 8Booking Holdings Inc.4.2%
- 9Salesforce, Inc.4.2%
- 10Cloudflare, Inc. (Class A)3.9%
FDN holds 41 securities in total. These 10 are 62.8% of the fund.
Where the money is invested
Sectors
- Technology46.8%
- Consumer Cyclical25.8%
- Communication Services22.7%
- Financial Services2.1%
- Healthcare1.6%
- Industrials1.1%
Countries
- United States98.9%
- Australia1.0%
- Other0.1%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| FDNULSEFirst Trust Dow Jones Internet UCITS ETF | 0.55% | 51.3M |
Assets are shown in each fund's own reporting currency.
How to invest in FDN 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 FDN and buy
Find the fund by its ticker, FDN, 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 FDN from India
What FDN holds
The fund will normally invest at least 90% of its net assets (including investment borrowings) in the securities that comprise the index. The index is designed to measure the performance of the largest and most actively traded securities issued by U.S. companies in the Internet industry.
Hold a dollar asset
FDN 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 FDN 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 FDN from India?
Yes. Indian residents can buy First Trust Dow Jones Internet Index Fund (FDN) 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 FDN invest in?
First Trust Dow Jones Internet Index Fund holds 41 securities. Its largest holdings are Meta Platforms, Inc. (Class A) (11.0%), Amazon.com, Inc. (9.8%) and Cisco Systems, Inc. (8.6%). Technology is its largest sector at 46.8%. The fund is domiciled in the US.
What is the expense ratio of FDN?
First Trust Dow Jones Internet Index Fund has an expense ratio of 0.49% a year, taken from the fund's assets rather than billed to you. The fund manages about $5.2B.
What tax do I pay in India when I sell FDN?
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 FDN unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $288.45, and there is no minimum trade size.
What happens to my FDN 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.