NYSE Arca · ETF
Invest in IVEP ETF from India
Indian and foreign residents can buy Dan IVES Wedbush AI Power & Infrastructure ETF (IVEP) units directly through Paasa.
By Paasa · Updated
IVEP at a glance
- Price
- $25.61+$0.20 (0.79%)
- Expense ratio
- 0.75%
- Day range
- $25.57 – $25.73
- Assets
- $16.4M
- Domicile
- the US
- Holdings
- —
- Launched
- 2026
- Dividends
- —
Top 10 holdings
- 1SCHNEIDER ELECT SE-UNSP ADRSBGSY4.7%
- 2EATON CORP PLCETN4.7%
- 3CONSTELLATION ENERGYCEG4.2%
- 4EQUINIX INCEQIX4.2%
- 5SIEMENS ENERGY AG SPON ADRSMERY4.1%
- 6JOHNSON CONTROLS INTERNATIONJCI4.1%
- 7BLOOM ENERGY CORP- ABE4.1%
- 8QUANTA SERVICES INCPWR4.0%
- 9WILLIAMS COS INCWMB3.8%
- 10GE VERNOVA INCGEV3.8%
These 10 are 41.7% of the fund.
Where the money is invested
Sectors
- Industrials43.5%
- Utilities21.1%
- Energy14.4%
- Technology10.1%
- Real Estate7.9%
- Basic Materials3.0%
Countries
- United States72.7%
- Ireland8.8%
- Canada6.5%
- France4.7%
- Germany4.1%
- United Kingdom3.0%
How to invest in IVEP 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 IVEP and buy
Find the fund by its ticker, IVEP, 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 IVEP from India
What IVEP holds
IVEP provides exposure to companies believed necessary to power the next phase of the development of artificial intelligence. The underlying index for this ETF is constructed based on Dan Ives AI Power 30 Research Report.
Hold a dollar asset
IVEP 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 IVEP 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 IVEP from India?
Yes. Indian residents can buy Dan IVES Wedbush AI Power & Infrastructure ETF (IVEP) 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 IVEP invest in?
Its largest holdings are SCHNEIDER ELECT SE-UNSP ADR (4.7%), EATON CORP PLC (4.7%) and CONSTELLATION ENERGY (4.2%). Industrials is its largest sector at 43.5%. The fund is domiciled in the US.
What is the expense ratio of IVEP?
Dan IVES Wedbush AI Power & Infrastructure ETF has an expense ratio of 0.75% a year, taken from the fund's assets rather than billed to you. The fund manages about $16.4M.
What tax do I pay in India when I sell IVEP?
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 IVEP unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $25.61, and there is no minimum trade size.
What happens to my IVEP 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.