NASDAQ · ETF
Invest in LEXI ETF from India
Indian and foreign residents can buy Alexis Practical Tactical ETF (LEXI) units directly through Paasa.
By Paasa · Updated
LEXI at a glance
- Price
- $40.49+$0.10 (0.25%)
- Expense ratio
- 1%
- Day range
- $40.42 – $40.49
- Assets
- $196.5M
- Domicile
- the US
- Holdings
- —
- Launched
- 2021
- Dividends
- Distributing
- 1 month
- -0.86%
- 6 months
- +17.36%
- YTD
- +12.01%
- 1 year
- +17.06%
- 5 years
- +62.22%
Price change, excluding dividends.
Top 10 holdings
- 1U.S. Bank Money Market Deposit Account 08/01/20317.0%
- 2JPMorgan Ultra-Short Income ETF5.4%
- 3PIMCO Enhanced Short Maturity Active Exchange-Traded Fund5.4%
- 4PIMCO Multisector Bond Active ETF5.3%
- 5iShares Flexible Income Active ETF5.3%
- 6Invesco S&P 500 Equal Weight ETF5.3%
- 7iShares Russell 1000 Value ETF4.9%
- 8Vanguard Dividend Appreciation ETF4.9%
- 9Vanguard Mega Cap Growth ETF4.7%
- 10iShares MSCI USA Momentum Factor ETF4.5%
These 10 are 52.6% of the fund.
Where the money is invested
Sectors
- Technology29.9%
- Industrials13.7%
- Financial Services12.1%
- Healthcare8.4%
- Real Estate8.3%
- Consumer Cyclical8.2%
Countries
- United States91.3%
- Other8.7%
How to invest in LEXI 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 LEXI and buy
Find the fund by its ticker, LEXI, 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 LEXI from India
What LEXI holds
To achieve its investment objective, this fund possesses the flexibility to allocate capital across international markets and a diverse spectrum of asset classes and sophisticated strategies. Its portfolio may include traditional holdings like equities (stocks) and fixed-income securities (bonds), alongside commodities (such as precious metals) and real estate investment trusts (REITs).
Hold a dollar asset
LEXI 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 LEXI 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 LEXI from India?
Yes. Indian residents can buy Alexis Practical Tactical ETF (LEXI) 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 LEXI invest in?
Its largest holdings are U.S. Bank Money Market Deposit Account 08/01/2031 (7.0%), JPMorgan Ultra-Short Income ETF (5.4%) and PIMCO Enhanced Short Maturity Active Exchange-Traded Fund (5.4%). Technology is its largest sector at 29.9%. It is a distributing fund domiciled in the US.
What is the expense ratio of LEXI?
Alexis Practical Tactical ETF has an expense ratio of 1% a year, taken from the fund's assets rather than billed to you. The fund manages about $196.5M.
How are LEXI dividends taxed in India?
Alexis Practical Tactical 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 LEXI?
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 LEXI unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $40.49, and there is no minimum trade size.
What happens to my LEXI 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.