NASDAQ · ETF
Invest in MATE ETF from India
Indian and foreign residents can buy Man ETF Series Trust - Man Active Trend Enhanced ETF (MATE) units directly through Paasa.
By Paasa · Updated
MATE at a glance
- Price
- $32.82+$0.28 (0.85%)
- Expense ratio
- 0.97%
- Day range
- $32.61 – $32.91
- Assets
- $41.5M
- Domicile
- the US
- Holdings
- 33
- Launched
- 2025
- Dividends
- —
- 1 month
- +5.18%
- 6 months
- +30.74%
- YTD
- +24.49%
- 1 year
- —
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1ISHARES CORE S&P 500 ETF50.3%
- 2Cash and Net Current Assets15.5%
- 3TREASURY BILL 0 10/29/202610.2%
- 4TREASURY BILL 0.0 03/04/20274.7%
- 5TREASURY BILL 0 2/4/20274.3%
- 6TREASURY BILL 0 2/25/20273.8%
- 7TREASURY BILL 0 10/22/20263.6%
- 8TREASURY BILL 0 1/28/20273.6%
- 9US 10YR NOTE (CBT)DEC261.3%
- 10US 5YR NOTE (CBT) DEC260.8%
MATE holds 33 securities in total. These 10 are 98.1% of the fund.
Where the money is invested
Sectors
- Technology38.2%
- Financial Services12.2%
- Communication Services9.6%
- Consumer Cyclical9.3%
- Healthcare9.3%
- Industrials7.9%
Countries
- United States75.0%
- Other24.9%
How to invest in MATE 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 MATE and buy
Find the fund by its ticker, MATE, 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 MATE from India
What MATE holds
MATE is actively managed, using a quantitative model to allocate investments between two strategies: a trend-following strategy, which invests in global derivatives (futures and forwards) to gain long and short exposures across equities, fixed income, currencies, and commodities, and an equity strategy, which focuses on US equities, ETFs, and equity index futures. Thus, the fund aims to replicate S&P 500 exposure and using remaining cash in momentum-based models to enhance portfolio return across different market conditions.
Hold a dollar asset
MATE 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 MATE 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 MATE from India?
Yes. Indian residents can buy Man ETF Series Trust - Man Active Trend Enhanced ETF (MATE) 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 MATE invest in?
Man ETF Series Trust - Man Active Trend Enhanced ETF holds 33 securities. Its largest holdings are ISHARES CORE S&P 500 ETF (50.3%), Cash and Net Current Assets (15.5%) and TREASURY BILL 0 10/29/2026 (10.2%). Technology is its largest sector at 38.2%. The fund is domiciled in the US.
What is the expense ratio of MATE?
Man ETF Series Trust - Man Active Trend Enhanced ETF has an expense ratio of 0.97% a year, taken from the fund's assets rather than billed to you. The fund manages about $41.5M.
What tax do I pay in India when I sell MATE?
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 MATE unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $32.82, and there is no minimum trade size.
What happens to my MATE 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.