NASDAQ · ETF
Invest in MAXI ETF from India
Indian and foreign residents can buy Simplify Bitcoin Strategy PLUS ETF (MAXI) units directly through Paasa.
By Paasa · Updated
MAXI at a glance
- Price
- $15.37-$0.29 (1.86%)
- Expense ratio
- 1.31%
- Day range
- $15.29 – $15.58
- Assets
- $39.5M
- Domicile
- the US
- Holdings
- 39
- Launched
- 2022
- Dividends
- Distributing
- 1 month
- +8.84%
- 6 months
- +52.17%
- YTD
- +6.43%
- 1 year
- -40.20%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1CME BITCOIN FUT OCT2637.2%
- 2ISHARES BITCOIN TRUSTIBIT28.4%
- 3B 10/27/26 Govt14.3%
- 4B 11/19/26 Govt6.3%
- 5B 1/12/27 Govt6.3%
- 6IBIT US 11/20/26 C50 Equity2.0%
- 7IBIT US 10/16/26 C45 Equity1.9%
- 8IBIT US 10/16/26 C41 Equity1.2%
- 9Cash1.2%
- 10IBIT US 10/30/26 C50 Equity0.7%
MAXI holds 39 securities in total. These 10 are 99.6% of the fund.
Where the money is invested
Countries
- United States55.3%
- Other44.7%
How to invest in MAXI 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 MAXI and buy
Find the fund by its ticker, MAXI, 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 MAXI from India
What MAXI holds
The Simplify Bitcoin Strategy PLUS Income ETF, known as MAXI, targets capital growth through its dynamic management of investments linked to Bitcoin. To generate additional revenue, a carefully crafted, risk-managed options overlay is integrated into the portfolio.
Hold a dollar asset
MAXI 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 MAXI 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 MAXI from India?
Yes. Indian residents can buy Simplify Bitcoin Strategy PLUS ETF (MAXI) 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 MAXI invest in?
Simplify Bitcoin Strategy PLUS ETF holds 39 securities. Its largest holdings are CME BITCOIN FUT OCT26 (37.2%), ISHARES BITCOIN TRUST (28.4%) and B 10/27/26 Govt (14.3%). It is a distributing fund domiciled in the US.
What is the expense ratio of MAXI?
Simplify Bitcoin Strategy PLUS ETF has an expense ratio of 1.31% a year, taken from the fund's assets rather than billed to you. The fund manages about $39.5M.
How are MAXI dividends taxed in India?
Simplify Bitcoin Strategy PLUS 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 MAXI?
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 MAXI unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $15.37, and there is no minimum trade size.
What happens to my MAXI 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.