NASDAQ · ETF
Invest in FMET ETF from India
Indian and foreign residents can buy Fidelity Metaverse ETF (FMET) units directly through Paasa.
By Paasa · Updated
FMET at a glance
- Price
- $38.79+$0.21 (0.55%)
- Expense ratio
- 0.39%
- Day range
- $38.79 – $39.11
- Assets
- $46.4M
- Domicile
- the US
- Holdings
- 61
- Launched
- 2022
- Dividends
- Distributing
- 1 month
- +0.05%
- 6 months
- +28.69%
- YTD
- +6.65%
- 1 year
- +2.37%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1ADVANCED MICRO DEVICES INC5.9%
- 2SECURITIES LENDING CF5.7%
- 3META PLATFORMS INC CL A5.3%
- 4QUALCOMM INC4.9%
- 5APPLE INC4.6%
- 6MICROSOFT CORP4.5%
- 7NVIDIA CORP4.5%
- 8ALPHABET INC CL A4.5%
- 9EQUINIX INC4.4%
- 10MONOLITHIC POWER SYS INC4.3%
FMET holds 61 securities in total. These 10 are 48.5% of the fund.
Where the money is invested
Sectors
- Technology57.1%
- Communication Services34.7%
- Real Estate8.2%
Countries
- United States79.8%
- China9.9%
- South Korea3.6%
- Japan2.2%
- Israel1.3%
- Poland1.2%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| MTAVAMSiShares Metaverse UCITS ETF USD (Acc) | 0.5% | 99.3M |
Assets are shown in each fund's own reporting currency.
How to invest in FMET 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 FMET and buy
Find the fund by its ticker, FMET, 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 FMET from India
What FMET holds
The Fidelity Metaverse ETF seeks to provide exposure to pioneering technology firms and innovative emerging companies. These enterprises are actively shaping the future of digital interaction through their contributions to immersive digital content, foundational virtual infrastructure, and advanced wearable devices.
Hold a dollar asset
FMET 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 FMET 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 FMET from India?
Yes. Indian residents can buy Fidelity Metaverse ETF (FMET) 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 FMET invest in?
Fidelity Metaverse ETF holds 61 securities. Its largest holdings are ADVANCED MICRO DEVICES INC (5.9%), SECURITIES LENDING CF (5.7%) and META PLATFORMS INC CL A (5.3%). Technology is its largest sector at 57.1%. It is a distributing fund domiciled in the US.
What is the expense ratio of FMET?
Fidelity Metaverse ETF has an expense ratio of 0.39% a year, taken from the fund's assets rather than billed to you. The fund manages about $46.4M.
How are FMET dividends taxed in India?
Fidelity Metaverse ETF 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 FMET?
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 FMET unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $38.79, and there is no minimum trade size.
What happens to my FMET 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.