NYSE Arca · ETF
Invest in FUSI ETF from India
Indian and foreign residents can buy American Century Ultrashort ETF (FUSI) units directly through Paasa.
By Paasa · Updated
FUSI is a leveraged or inverse fund that resets daily; held longer than a day, its return can differ sharply from the stated multiple of the index.
FUSI at a glance
- Price
- $50.49+$0.00 (0.00%)
- Expense ratio
- 0.19%
- Day range
- $50.45 – $50.50
- Assets
- $42.9M
- Domicile
- the US
- Holdings
- 88
- Launched
- 2023
- Dividends
- Distributing
- 1 month
- -0.16%
- 6 months
- +0.28%
- YTD
- +0.34%
- 1 year
- -0.57%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1US TREASURY FRN 01/27 VAR7.6%
- 2SSC GOVERNMENT MM GVMXX3.0%
- 3LCM LTD PARTNERSHIP LCM 35A BR 144A2.3%
- 4KKR FINANCIAL CLO LTD KKR 2025 61A A1R 144A1.8%
- 5ATLAS SENIOR LOAN FUND LTD ATCLO 2021 17A B1 144A1.8%
- 6OAK HILL CREDIT OAKC 2024 17RA A1 144A1.8%
- 7GOLDENTREE LOAN MANAGEMENT US GLM 2024 19A AR 144A1.8%
- 8FANNIE MAE FNR 2025 35 HF1.5%
- 9EXTENDED STAY AMERICA TRUST ESA 2025 ESH B 144A1.2%
- 10FANNIE MAE CAS CAS 2022 R09 2M1 144A1.2%
FUSI holds 88 securities in total. These 10 are 23.9% of the fund.
Where the money is invested
Countries
- United States99.4%
- Other0.6%
How to invest in FUSI 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 FUSI and buy
Find the fund by its ticker, FUSI, 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 FUSI from India
What FUSI holds
The fund's primary objective is to generate income, with a secondary aim of achieving long-term capital appreciation.
Hold a dollar asset
FUSI 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 FUSI 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 FUSI from India?
Yes. Indian residents can buy American Century Ultrashort ETF (FUSI) 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 FUSI invest in?
American Century Ultrashort ETF holds 88 securities. Its largest holdings are US TREASURY FRN 01/27 VAR (7.6%), SSC GOVERNMENT MM GVMXX (3.0%) and LCM LTD PARTNERSHIP LCM 35A BR 144A (2.3%). It is a distributing fund domiciled in the US.
What is the expense ratio of FUSI?
American Century Ultrashort ETF has an expense ratio of 0.19% a year, taken from the fund's assets rather than billed to you. The fund manages about $42.9M.
How are FUSI dividends taxed in India?
American Century Ultrashort ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. 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 FUSI?
The US does not levy capital gains tax on shares for Indian residents. Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling. The gain is 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 FUSI unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $50.49, and there is no minimum trade size.
What happens to my FUSI 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.