New York Stock Exchange · ETF
Invest in FIXT ETF from India
Indian and foreign residents can buy TCW Core Plus Bond ETF (FIXT) units directly through Paasa.
By Paasa · Updated
FIXT at a glance
- Price
- $35.99-$0.03 (0.08%)
- Expense ratio
- 0.4%
- Day range
- $35.90 – $35.99
- Assets
- $239.6M
- Domicile
- the US
- Holdings
- 630
- Launched
- 2002
- Dividends
- Distributing
- 1 month
- -3.41%
- 6 months
- -4.28%
- YTD
- -6.15%
- 1 year
- -6.98%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1TCW CENTRAL CASH FUND TCW CENTRAL CASH FUND INST22.2%
- 2US TREASURY N/B 09/28 4.7510.7%
- 3US TREASURY N/B 09/31 54.7%
- 4US TREASURY N/B 08/36 4.6254.6%
- 5US TREASURY N/B 09/33 54.2%
- 6US TREASURY N/B 08/56 5.1253.1%
- 7FNMA TBA 30 YR 3.5 SINGLE FAMILY MORTGAGE2.7%
- 8FNMA TBA 30 YR 4 SINGLE FAMILY MORTGAGE2.4%
- 9US TREASURY N/B 08/31 4.3752.3%
- 10US TREASURY N/B 08/28 4.1252.1%
FIXT holds 630 securities in total. These 10 are 59.0% of the fund.
Where the money is invested
Sectors
- Government32.9%
- Securitized32.9%
- Corporate18.9%
- Municipal0.0%
Countries
- United States73.7%
- Other25.4%
- Australia0.7%
- France0.1%
- Germany0.1%
- Egypt0.0%
How to invest in FIXT 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 FIXT and buy
Find the fund by its ticker, FIXT, on the New York Stock Exchange, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Why invest in FIXT from India
What FIXT holds
The underlying index for this fund comprises stocks and depositary receipts traded on exchanges worldwide. A significant aspect of the fund's investment strategy is its intention to allocate a substantial portion of its capital – specifically 25% or more of its total assets – to companies whose primary business activities fall within a single industry or a closely related cluster of industries.
Hold a dollar asset
FIXT 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 FIXT 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 FIXT from India?
Yes. Indian residents can buy TCW Core Plus Bond ETF (FIXT) through Paasa. It is listed on the New York Stock Exchange 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 FIXT invest in?
TCW Core Plus Bond ETF holds 630 securities. Its largest holdings are TCW CENTRAL CASH FUND TCW CENTRAL CASH FUND INST (22.2%), US TREASURY N/B 09/28 4.75 (10.7%) and US TREASURY N/B 09/31 5 (4.7%). Government is its largest sector at 32.9%. It is a distributing fund domiciled in the US.
What is the expense ratio of FIXT?
TCW Core Plus Bond ETF has an expense ratio of 0.4% a year, taken from the fund's assets rather than billed to you. The fund manages about $239.6M.
How are FIXT dividends taxed in India?
TCW Core Plus Bond 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 FIXT?
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 FIXT unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $35.99, and there is no minimum trade size.
What happens to my FIXT 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.