NASDAQ · ETF
Invest in FTC ETF from India
Indian and foreign residents can buy First Trust Large Growth AlphaDEX Fund (FTC) units directly through Paasa.
By Paasa · Updated
FTC at a glance
- Price
- $177.87+$0.90 (0.51%)
- Expense ratio
- 0.58%
- Day range
- $176.89 – $178.32
- Assets
- $1.3B
- Domicile
- the US
- Holdings
- 187
- Launched
- 2007
- Dividends
- Accumulating
- 1 month
- +0.01%
- 6 months
- +17.98%
- YTD
- +10.15%
- 1 year
- +10.52%
- 5 years
- +60.11%
Price change, excluding dividends.
Top 10 holdings
- 1Everpure, Inc. (Class A)1.3%
- 2Dell Technologies Inc. (Class C)1.2%
- 3Illumina, Inc.1.2%
- 4Natera, Inc.1.2%
- 5Fortinet, Inc.1.1%
- 6Incyte Corporation1.1%
- 7CrowdStrike Holdings, Inc. (Class A)1.1%
- 8Lumentum Holdings Inc.1.0%
- 9Advanced Micro Devices, Inc.1.0%
- 10Datadog, Inc. (Class A)1.0%
FTC holds 187 securities in total. These 10 are 11.1% of the fund.
Where the money is invested
Sectors
- Technology33.9%
- Industrials23.8%
- Healthcare11.0%
- Consumer Cyclical9.2%
- Financial Services8.2%
- Basic Materials3.5%
Countries
- United States96.4%
- Ireland2.3%
- Cayman Islands0.7%
- Switzerland0.5%
- Other0.1%
How to invest in FTC 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 FTC and buy
Find the fund by its ticker, FTC, 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 FTC from India
What FTC holds
The First Trust Large Cap Growth AlphaDEX Fund, identified by its symbol FTC, functions as a publicly traded investment vehicle. Its primary aim is to mirror the overall performance—both capital appreciation and income generation—of the Nasdaq AlphaDEX Large Cap Growth Index, prior to the deduction of any management fees or operational expenses.
Dividends reinvested for you
Dividends from FTC'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
FTC 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 FTC 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 FTC from India?
Yes. Indian residents can buy First Trust Large Growth AlphaDEX Fund (FTC) 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 FTC invest in?
First Trust Large Growth AlphaDEX Fund holds 187 securities. Its largest holdings are Everpure, Inc. (Class A) (1.3%), Dell Technologies Inc. (Class C) (1.2%) and Illumina, Inc. (1.2%). Technology is its largest sector at 33.9%. It is an accumulating fund domiciled in the US.
What is the expense ratio of FTC?
First Trust Large Growth AlphaDEX Fund has an expense ratio of 0.58% a year, taken from the fund's assets rather than billed to you. The fund manages about $1.3B.
Does FTC pay dividends?
No. First Trust Large Growth 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 FTC?
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 FTC unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $177.87, and there is no minimum trade size.
What happens to my FTC 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.