NASDAQ · ETF
Invest in FGM ETF from India
Indian and foreign residents can buy First Trust Germany AlphaDEX Fund (FGM) units directly through Paasa.
By Paasa · Updated
FGM at a glance
- Price
- $59.75-$0.62 (1.02%)
- Expense ratio
- 0.8%
- Day range
- $59.40 – $60.21
- Assets
- $93.9M
- Domicile
- the US
- Holdings
- 40
- Launched
- 2012
- Dividends
- Distributing
- 1 month
- -7.34%
- 6 months
- +3.00%
- YTD
- -4.48%
- 1 year
- +2.40%
- 5 years
- +8.81%
Price change, excluding dividends.
Top 10 holdings
- 1thyssenkrupp AG5.0%
- 2Delivery Hero SE4.4%
- 3Bayerische Motoren Werke (BMW) AG4.2%
- 4Porsche Automobil Holding SE4.0%
- 5Aurubis AG3.8%
- 6United Internet AG (Registered Shares)3.8%
- 7Bayer AG3.6%
- 8KION Group AG3.5%
- 9Fresenius Medical Care AG3.5%
- 10Volkswagen AG (Preference Shares)3.5%
FGM holds 40 securities in total. These 10 are 39.4% of the fund.
Where the money is invested
Sectors
- Industrials31.1%
- Consumer Cyclical20.5%
- Healthcare11.5%
- Basic Materials10.6%
- Communication Services6.8%
- Financial Services6.4%
Countries
- Germany99.9%
- Other0.1%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| FTGGXETRAFirst Trust Germany AlphaDEX UCITS ETF | 0.75% | 7.0M |
Assets are shown in each fund's own reporting currency.
How to invest in FGM 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 FGM and buy
Find the fund by its ticker, FGM, 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 FGM from India
What FGM holds
The First Trust Germany AlphaDEX Fund is an exchange-traded fund (ETF) that seeks to mirror the total return, encompassing both capital appreciation and income, of the Nasdaq AlphaDEX Germany Index. Its primary goal is to deliver investment results that broadly align with this specific equity benchmark, before accounting for the fund's own operational costs and fees.
Hold a dollar asset
FGM 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 FGM 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 FGM from India?
Yes. Indian residents can buy First Trust Germany AlphaDEX Fund (FGM) 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 FGM invest in?
First Trust Germany AlphaDEX Fund holds 40 securities. Its largest holdings are thyssenkrupp AG (5.0%), Delivery Hero SE (4.4%) and Bayerische Motoren Werke (BMW) AG (4.2%). Industrials is its largest sector at 31.1%. It is a distributing fund domiciled in the US.
What is the expense ratio of FGM?
First Trust Germany AlphaDEX Fund has an expense ratio of 0.8% a year, taken from the fund's assets rather than billed to you. The fund manages about $93.9M.
How are FGM dividends taxed in India?
First Trust Germany AlphaDEX Fund 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 FGM?
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 FGM unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $59.75, and there is no minimum trade size.
What happens to my FGM 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.