NASDAQ · ETF
Invest in FNK ETF from India
Indian and foreign residents can buy First Trust Mid Value AlphaDEX Fund (FNK) units directly through Paasa.
By Paasa · Updated
FNK at a glance
- Price
- $59.58-$0.36 (0.60%)
- Expense ratio
- 0.74%
- Day range
- $59.39 – $59.97
- Assets
- $217.3M
- Domicile
- the US
- Holdings
- 225
- Launched
- 2011
- Dividends
- Accumulating
- 1 month
- -7.68%
- 6 months
- +5.81%
- YTD
- +6.08%
- 1 year
- +7.96%
- 5 years
- +34.59%
Price change, excluding dividends.
Top 10 holdings
- 1HF Sinclair Corp.1.1%
- 2EPAM Systems, Inc.1.0%
- 3APA Corporation1.0%
- 4SM Energy Company1.0%
- 5The Gap, Inc.0.9%
- 6Universal Health Services, Inc. (Class B)0.9%
- 7Genpact Limited0.9%
- 8Permian Resources Corp.0.9%
- 9Ovintiv Inc.0.8%
- 10CF Industries Holdings, Inc.0.8%
FNK holds 225 securities in total. These 10 are 9.2% of the fund.
Where the money is invested
Sectors
- Financial Services23.5%
- Consumer Cyclical18.2%
- Energy13.9%
- Technology9.0%
- Industrials8.2%
- Real Estate7.0%
Countries
- United States96.4%
- Bermuda2.8%
- Other0.5%
- Puerto Rico0.3%
How to invest in FNK 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 FNK and buy
Find the fund by its ticker, FNK, 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 FNK from India
What FNK holds
The First Trust Mid Cap Value AlphaDEX Fund is a publicly traded investment product designed to closely mirror the total performance (both appreciation and income generation) of the Nasdaq AlphaDEX Mid Cap Value Index, an equity benchmark. This tracking occurs prior to accounting for the Fund's own operational costs and charges.
Dividends reinvested for you
Dividends from FNK's holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
Hold a dollar asset
FNK 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 FNK 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 FNK from India?
Yes. Indian residents can buy First Trust Mid Value AlphaDEX Fund (FNK) 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 FNK invest in?
First Trust Mid Value AlphaDEX Fund holds 225 securities. Its largest holdings are HF Sinclair Corp. (1.1%), EPAM Systems, Inc. (1.0%) and APA Corporation (1.0%). Financial Services is its largest sector at 23.5%. It is an accumulating fund domiciled in the US.
What is the expense ratio of FNK?
First Trust Mid Value AlphaDEX Fund has an expense ratio of 0.74% a year, taken from the fund's assets rather than billed to you. The fund manages about $217.3M.
Does FNK pay dividends?
No. First Trust Mid Value AlphaDEX Fund is an accumulating fund. Dividends from its holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
What tax do I pay in India when I sell FNK?
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 FNK unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $59.58, and there is no minimum trade size.
What happens to my FNK 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.