NASDAQ · ETF
Invest in IQQQ ETF from India
Indian and foreign residents can buy ProShares - Nasdaq-100 High ETF (IQQQ) units directly through Paasa.
By Paasa · Updated
IQQQ at a glance
- Price
- $49.14+$0.21 (0.42%)
- Expense ratio
- 0.55%
- Day range
- $48.88 – $49.19
- Assets
- $410.3M
- Domicile
- the US
- Holdings
- 108
- Launched
- 2024
- Dividends
- Distributing
- 1 month
- +2.49%
- 6 months
- +15.10%
- YTD
- +9.58%
- 1 year
- +12.77%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1PROSHARES GENIUS MNY MKT ETFIQMM11.0%
- 2NVIDIA CORPNVDA7.0%
- 3APPLE INCAAPL6.3%
- 4MICROSOFT CORPMSFT4.8%
- 5MICRON TECHNOLOGY INCMU4.3%
- 6Net Other Assets (Liabilities)4.2%
- 7ADVANCED MICRO DEVICESAMD3.6%
- 8AMAZON.COM INCAMZN3.5%
- 9META PLATFORMS INC-CLASS AMETA3.0%
- 10ALPHABET INC-CL AGOOGL2.6%
IQQQ holds 108 securities in total. These 10 are 50.2% of the fund.
Where the money is invested
Sectors
- Technology50.7%
- Financial Services11.3%
- Communication Services10.4%
- Consumer Cyclical8.6%
- Consumer Defensive4.9%
- Industrials4.8%
Countries
- United States91.3%
- Other4.2%
- United Kingdom1.4%
- Netherlands1.1%
- Canada0.7%
- Singapore0.7%
How to invest in IQQQ 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 IQQQ and buy
Find the fund by its ticker, IQQQ, 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 IQQQ from India
What IQQQ holds
This ETF aims to track an investment strategy that involves holding the Nasdaq-100 Index while also generating income by selling call options on that same index. Ordinarily, the fund commits a minimum of 80% of its entire portfolio to the individual stocks comprising the index or to other financial products with similar market exposure.
Hold a dollar asset
IQQQ 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 IQQQ 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 IQQQ from India?
Yes. Indian residents can buy ProShares - Nasdaq-100 High ETF (IQQQ) 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 IQQQ invest in?
ProShares - Nasdaq-100 High ETF holds 108 securities. Its largest holdings are PROSHARES GENIUS MNY MKT ETF (11.0%), NVIDIA CORP (7.0%) and APPLE INC (6.3%). Technology is its largest sector at 50.7%. It is a distributing fund domiciled in the US.
What is the expense ratio of IQQQ?
ProShares - Nasdaq-100 High ETF has an expense ratio of 0.55% a year, taken from the fund's assets rather than billed to you. The fund manages about $410.3M.
How are IQQQ dividends taxed in India?
ProShares - Nasdaq-100 High ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. The US withholds 25% tax on dividends before they reach you; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit when you file in India. 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 IQQQ?
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 IQQQ unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $49.14, and there is no minimum trade size.
What happens to my IQQQ 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.