NYSE Arca · ETF
Invest in IQSM ETF from India
Indian and foreign residents can buy NYLI Candriam U.S. Mid Equity ETF (IQSM) units directly through Paasa.
By Paasa · Updated
IQSM at a glance
- Price
- $38.51-$0.02 (0.05%)
- Expense ratio
- 0.15%
- Day range
- $38.51 – $38.62
- Assets
- $336.8M
- Domicile
- the US
- Holdings
- 249
- Launched
- 2022
- Dividends
- Accumulating
- 1 month
- -4.47%
- 6 months
- +13.57%
- YTD
- +10.09%
- 1 year
- +13.50%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1Guardant Health, Inc.0.9%
- 2Viatris, Inc.0.8%
- 3US Foods Holding Corp.0.8%
- 4Roku, Inc. Class A0.8%
- 5Coeur Mining, Inc.0.8%
- 6MACOM Technology Solutions Holdings, Inc.0.8%
- 7Semtech Corporation0.8%
- 8TD SYNNEX Corporation0.8%
- 9ITT, Inc.0.7%
- 10Lattice Semiconductor Corporation0.7%
IQSM holds 249 securities in total. These 10 are 8.0% of the fund.
Where the money is invested
Sectors
- Technology19.0%
- Industrials18.4%
- Healthcare16.1%
- Financial Services12.4%
- Real Estate9.8%
- Consumer Cyclical9.2%
Countries
- United States95.1%
- Ireland1.4%
- Bermuda0.8%
- China0.6%
- Puerto Rico0.4%
- Switzerland0.4%
How to invest in IQSM 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 IQSM and buy
Find the fund by its ticker, IQSM, 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 IQSM from India
What IQSM holds
The NYLI Candriam U.S. Mid Cap Equity ETF, trading under the symbol IQSM, strives to replicate the overall financial performance—both capital appreciation and income generation—of the NYLI Candriam U.S. Mid Cap Equity Index, prior to accounting for fees and operating costs. This fund passively tracks an index designed to offer investors access to shares of U.S. companies with medium market capitalizations, specifically those that fulfill environmental, social, and governance (ESG) benchmarks originally developed by Candriam.
Dividends reinvested for you
Dividends from IQSM'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
IQSM 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 IQSM 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 IQSM from India?
Yes. Indian residents can buy NYLI Candriam U.S. Mid Equity ETF (IQSM) 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 IQSM invest in?
NYLI Candriam U.S. Mid Equity ETF holds 249 securities. Its largest holdings are Guardant Health, Inc. (0.9%), Viatris, Inc. (0.8%) and US Foods Holding Corp. (0.8%). Technology is its largest sector at 19.0%. It is an accumulating fund domiciled in the US.
What is the expense ratio of IQSM?
NYLI Candriam U.S. Mid Equity ETF has an expense ratio of 0.15% a year, taken from the fund's assets rather than billed to you. The fund manages about $336.8M.
Does IQSM pay dividends?
No. NYLI Candriam U.S. Mid Equity 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 IQSM?
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 IQSM unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $38.51, and there is no minimum trade size.
What happens to my IQSM 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.