NYSE Arca · ETF
Invest in FRTY ETF from India
Indian and foreign residents can buy Alger Mid 40 ETF (FRTY) units directly through Paasa.
By Paasa · Updated
FRTY at a glance
- Price
- $23.71+$0.17 (0.72%)
- Expense ratio
- 0.6%
- Day range
- $23.60 – $23.71
- Assets
- $153.8M
- Domicile
- the US
- Holdings
- 40
- Launched
- 2021
- Dividends
- Accumulating
- 1 month
- +3.67%
- 6 months
- +24.59%
- YTD
- +11.58%
- 1 year
- +7.33%
- 5 years
- +4.77%
Price change, excluding dividends.
Top 10 holdings
- 1DREYFUS TRSY OBLIG CASH MGMT CL INS10.2%
- 2TWIST BIOSCIENCE CORP USD 0.000017.6%
- 3REPLIGEN CORP USD 0.014.6%
- 4LIBERTY MEDIA CORPORATION SERIES C4.3%
- 5CLOUDFLARE INC USD 0.0014.0%
- 6NEBIUS GROUP N.V.3.5%
- 7SNOWFLAKE INC USD 1.03.4%
- 8GUARDANT HEALTH INC USD 0.000013.2%
- 9HEICO CORP NEW USD 0.013.1%
- 10COMFORT SYS USA INC USD 0.013.0%
FRTY holds 40 securities in total. These 10 are 46.9% of the fund.
Where the money is invested
Sectors
- Healthcare32.7%
- Technology30.3%
- Industrials18.9%
- Communication Services9.1%
- Financial Services2.6%
- Basic Materials2.2%
Countries
- United States82.8%
- Other11.0%
- Netherlands3.4%
- Israel2.0%
- France0.8%
How to invest in FRTY 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 FRTY and buy
Find the fund by its ticker, FRTY, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Why invest in FRTY from India
What FRTY holds
Typically, the fund allocates at least 80% of its net assets to equity securities issued by mid-capitalization companies. These holdings primarily consist of common or preferred stocks traded on U.S. exchanges.
Dividends reinvested for you
Dividends from FRTY'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
FRTY 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 FRTY 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 FRTY from India?
Yes. Indian residents can buy Alger Mid 40 ETF (FRTY) through Paasa. It is listed on NYSE Arca 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 FRTY invest in?
Alger Mid 40 ETF holds 40 securities. Its largest holdings are DREYFUS TRSY OBLIG CASH MGMT CL INS (10.2%), TWIST BIOSCIENCE CORP USD 0.00001 (7.6%) and REPLIGEN CORP USD 0.01 (4.6%). Healthcare is its largest sector at 32.7%. It is an accumulating fund domiciled in the US.
What is the expense ratio of FRTY?
Alger Mid 40 ETF has an expense ratio of 0.6% a year, taken from the fund's assets rather than billed to you. The fund manages about $153.8M.
Does FRTY pay dividends?
No. Alger Mid 40 ETF 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 FRTY?
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 FRTY unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $23.71, and there is no minimum trade size.
What happens to my FRTY 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.