NASDAQ · ETF
Invest in FNX ETF from India
Indian and foreign residents can buy First Trust Mid Core AlphaDEX Fund (FNX) units directly through Paasa.
By Paasa · Updated
FNX at a glance
- Price
- $137.30+$0.36 (0.26%)
- Expense ratio
- 0.62%
- Day range
- $136.60 – $137.63
- Assets
- $1.3B
- Domicile
- the US
- Holdings
- 449
- Launched
- 2007
- Dividends
- Accumulating
- 1 month
- -5.82%
- 6 months
- +9.00%
- YTD
- +7.98%
- 1 year
- +9.57%
- 5 years
- +36.05%
Price change, excluding dividends.
Top 10 holdings
- 1HF Sinclair Corp.DINO0.6%
- 2EPAM Systems, Inc.EPAM0.5%
- 3APA CorporationAPA0.5%
- 4SM Energy CompanySM0.5%
- 5Genpact LimitedG0.5%
- 6Universal Health Services, Inc. (Class B)UHS0.5%
- 7Guardant Health, Inc.GH0.5%
- 8Matson, Inc.MATX0.5%
- 9The Gap, Inc.GAP0.5%
- 10Halozyme Therapeutics, Inc.HALO0.5%
FNX holds 449 securities in total. These 10 are 4.9% of the fund.
Where the money is invested
Sectors
- Financial Services19.1%
- Consumer Cyclical15.9%
- Industrials14.9%
- Technology12.3%
- Healthcare11.3%
- Energy8.2%
Countries
- United States97.9%
- Bermuda1.5%
- Other0.3%
- United Kingdom0.2%
- Puerto Rico0.1%
How to invest in FNX 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 FNX and buy
Find the fund by its ticker, FNX, 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 FNX from India
What FNX holds
The First Trust Mid Cap Core AlphaDEX Fund operates as an exchange-traded fund (ETF) whose main goal is to mirror the overall performance—encompassing both capital appreciation and income—of the Nasdaq AlphaDEX Mid Cap Core Index. This tracking is measured before the deduction of any fees or expenses.
Dividends reinvested for you
Dividends from FNX'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
FNX 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 FNX 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 FNX from India?
Yes. Indian residents can buy First Trust Mid Core AlphaDEX Fund (FNX) 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 FNX invest in?
First Trust Mid Core AlphaDEX Fund holds 449 securities. Its largest holdings are HF Sinclair Corp. (0.6%), EPAM Systems, Inc. (0.5%) and APA Corporation (0.5%). Financial Services is its largest sector at 19.1%. It is an accumulating fund domiciled in the US.
What is the expense ratio of FNX?
First Trust Mid Core AlphaDEX Fund has an expense ratio of 0.62% a year, taken from the fund's assets rather than billed to you. The fund manages about $1.3B.
Does FNX pay dividends?
No. First Trust Mid Core 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 FNX?
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 FNX unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $137.30, and there is no minimum trade size.
What happens to my FNX 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.