NASDAQ · ETF
Invest in LRND ETF from India
Indian and foreign residents can buy NYLI U.S. Large R&D Leaders ETF (LRND) units directly through Paasa.
By Paasa · Updated
LRND at a glance
- Price
- $47.64-$0.04 (0.09%)
- Expense ratio
- 0.14%
- Day range
- $47.49 – $47.93
- Assets
- $373.5M
- Domicile
- the US
- Holdings
- 108
- Launched
- 2022
- Dividends
- Accumulating
- 1 month
- +2.27%
- 6 months
- +32.03%
- YTD
- +16.04%
- 1 year
- +20.26%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1NVIDIA Corporation17.1%
- 2Alphabet Inc. Class A12.5%
- 3Apple Inc.9.3%
- 4Microsoft Corporation7.4%
- 5Eli Lilly and Company4.6%
- 6Meta Platforms Inc Class A4.6%
- 7Broadcom Inc.4.4%
- 8Amazon.com, Inc.4.4%
- 9Advanced Micro Devices, Inc.4.3%
- 10Palantir Technologies Inc. Class A1.8%
LRND holds 108 securities in total. These 10 are 70.3% of the fund.
Where the money is invested
Sectors
- Technology59.6%
- Communication Services17.9%
- Healthcare7.9%
- Consumer Cyclical5.0%
- Financial Services3.7%
- Industrials3.4%
Countries
- United States98.8%
- Ireland0.6%
- Switzerland0.3%
- Cayman Islands0.2%
- Australia0.1%
- Other0.0%
How to invest in LRND 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 LRND and buy
Find the fund by its ticker, LRND, 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 LRND from India
What LRND holds
The NYLI U.S. Large Cap R&D Leaders ETF (LRND) aims to replicate the total financial return—encompassing both capital gains and income generation—of the NYLI U.S. Large Cap R&D Leaders Index, prior to the deduction of any fees or expenses. This underlying index is designed to provide investment access to groundbreaking companies by focusing on large-capitalization U.S. equities from firms renowned for their sustained and impactful investment in research and development initiatives.
Dividends reinvested for you
Dividends from LRND'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
LRND 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 LRND 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 LRND from India?
Yes. Indian residents can buy NYLI U.S. Large R&D Leaders ETF (LRND) 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 LRND invest in?
NYLI U.S. Large R&D Leaders ETF holds 108 securities. Its largest holdings are NVIDIA Corporation (17.1%), Alphabet Inc. Class A (12.5%) and Apple Inc. (9.3%). Technology is its largest sector at 59.6%. It is an accumulating fund domiciled in the US.
What is the expense ratio of LRND?
NYLI U.S. Large R&D Leaders ETF has an expense ratio of 0.14% a year, taken from the fund's assets rather than billed to you. The fund manages about $373.5M.
Does LRND pay dividends?
No. NYLI U.S. Large R&D Leaders 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 LRND?
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 LRND unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $47.64, and there is no minimum trade size.
What happens to my LRND 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.