XETRA · UCITS ETF
Invest in KFTK ETF from India
Indian and foreign residents can buy Invesco KBW NASDAQ Fintech UCITS ETF (KFTK) units directly through Paasa.
By Paasa · Updated
KFTK at a glance
- Price
- €48.35+€0.32 (0.66%)
- Expense ratio
- 0.49%
- Day range
- €47.86 – €48.67
- Assets
- €51.6M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2017
- Dividends
- —
- 1 month
- -5.56%
- 6 months
- +14.51%
- YTD
- -3.45%
- 1 year
- -6.29%
- 5 years
- +15.88%
Price change, excluding dividends.
Top 10 holdings
- 1SHOPIFY CL A SUB VTG ORD2.4%
- 2MARQETA CL A ORD2.3%
- 3WISDOMTREE ORD2.2%
- 4CBOE GLOBAL MARKETS ORD2.1%
- 5MARKETAXESS HOLDINGS ORD2.1%
- 6PAYPAL HOLDINGS ORD2.1%
- 7PAYONEER GLOBAL ORD2.1%
- 8STRATEGY CL A ORD2.1%
- 9GUIDEWIRE SOFTWARE ORD2.1%
- 10NASDAQ ORD2.1%
These 10 are 21.5% of the fund.
Where the money is invested
Sectors
- Financial Services48.1%
- Industrials32.9%
- Technology16.7%
- Real Estate2.2%
Countries
- United States87.5%
- Other4.3%
- Canada2.3%
- Puerto Rico2.1%
- Cayman Islands1.9%
- Israel1.9%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| FTEKLSEInvesco KBW NASDAQ Fintech UCITS ETF | 0.49% | 58.5M |
Assets are shown in each fund's own reporting currency.
How to invest in KFTK 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, and Interactive Brokers converts the dollars to EUR when you buy.
Step 3
Search KFTK and buy
Find the fund by its ticker, KFTK, on XETRA, and place your order.
Why invest in KFTK from India
What KFTK holds
The Invesco KBW NASDAQ Fintech UCITS ETF Acc is engineered to replicate the net total return performance of the KBW NASDAQ Financial Technology Index (known as the "Reference Index"), factoring in all fund-related expenses. This Reference Index comprises roughly 50 US-listed companies, each equally weighted, that harness technology to provide financial products and services.
Outside US estate tax
KFTK is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
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.
Why KFTK's UCITS structure matters for Indian investors
KFTK is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
On the US shares the fund holds, the 15% US dividend withholding is paid inside the fund, and you cannot claim it as a Foreign Tax Credit in India.
Capital gains are taxed in India the same way as on a US-listed ETF.
Frequently asked questions
Can I buy KFTK from India?
Yes. Indian residents can buy Invesco KBW NASDAQ Fintech UCITS ETF (KFTK) through Paasa. It is listed on XETRA and trades in EUR. 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 KFTK invest in?
Its largest holdings are SHOPIFY CL A SUB VTG ORD (2.4%), MARQETA CL A ORD (2.3%) and WISDOMTREE ORD (2.2%). Financial Services is its largest sector at 48.1%. The fund is domiciled in Ireland.
What is the expense ratio of KFTK?
Invesco KBW NASDAQ Fintech UCITS ETF has an expense ratio of 0.49% a year, taken from the fund's assets rather than billed to you. The fund manages about €51.6M.
Is KFTK a UCITS ETF, and why does that matter for Indian investors?
Yes. Invesco KBW NASDAQ Fintech UCITS ETF is a UCITS fund domiciled in Ireland. Because it is domiciled outside the US, it is not a US-situs asset, so US estate tax does not apply to it. On the US shares the fund holds, the 15% US dividend withholding is paid inside the fund, and you cannot claim it as a Foreign Tax Credit in India.
What tax do I pay in India when I sell KFTK?
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 EUR/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.