NASDAQ · ETF
Invest in FDRS ETF from India
Indian and foreign residents can buy Founder-Led ETF (FDRS) units directly through Paasa.
By Paasa · Updated
FDRS at a glance
- Price
- $25.75+$0.23 (0.90%)
- Expense ratio
- 0.49%
- Day range
- $25.66 – $25.75
- Assets
- $42.4M
- Domicile
- the US
- Holdings
- —
- Launched
- 2025
- Dividends
- —
- 1 month
- +2.92%
- 6 months
- +32.39%
- YTD
- +4.25%
- 1 year
- —
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1Meta Platforms Inc11.1%
- 2NVIDIA Corp9.2%
- 3Tesla Inc8.0%
- 4Palantir Technologies Inc7.3%
- 5Crowdstrike Holdings Inc4.6%
- 6Oracle Corp4.2%
- 7Arista Networks Inc3.7%
- 8Salesforce Inc3.2%
- 9Shopify Inc3.2%
- 10Dell Technologies Inc3.1%
These 10 are 57.5% of the fund.
Where the money is invested
Countries
- United States93.5%
- Canada3.9%
- Netherlands0.9%
- Brazil0.8%
- Cayman Islands0.5%
- Other0.4%
How to invest in FDRS 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 FDRS and buy
Find the fund by its ticker, FDRS, 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 FDRS from India
What FDRS holds
The FDRS ETF invests in a portfolio comprising the top 50 U.S. companies that remain under the leadership of at least one of their founders. While these companies can have any market capitalization, their individual weighting within the portfolio is determined by their market value, with no single stock accounting for more than 10% of the total.
Hold a dollar asset
FDRS 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 FDRS 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 FDRS from India?
Yes. Indian residents can buy Founder-Led ETF (FDRS) 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 FDRS invest in?
Its largest holdings are Meta Platforms Inc (11.1%), NVIDIA Corp (9.2%) and Tesla Inc (8.0%). The fund is domiciled in the US.
What is the expense ratio of FDRS?
Founder-Led ETF has an expense ratio of 0.49% a year, taken from the fund's assets rather than billed to you. The fund manages about $42.4M.
What tax do I pay in India when I sell FDRS?
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 FDRS unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $25.75, and there is no minimum trade size.
What happens to my FDRS 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.