NASDAQ · ETF
Invest in MEMA ETF from India
Indian and foreign residents can buy Man ETF Series Trust - Man Active Emerging Markets Alternative ETF (MEMA) units directly through Paasa.
By Paasa · Updated
MEMA at a glance
- Price
- $32.03+$0.38 (1.21%)
- Expense ratio
- 0.85%
- Day range
- $31.90 – $32.03
- Assets
- $12.7M
- Domicile
- the US
- Holdings
- 321
- Launched
- 2025
- Dividends
- Distributing
- 1 month
- +1.83%
- 6 months
- +17.14%
- YTD
- +23.99%
- 1 year
- —
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1TREASURY BILL 0 2/11/20277.9%
- 2TREASURY BILL 0 1/28/20277.3%
- 3TREASURY BILL 0 2/18/20277.2%
- 4TREASURY BILL 0 2/25/20275.7%
- 5Cash and Net Current Assets5.5%
- 6TREASURY BILL 0 11/12/20264.6%
- 7WI TSY BILL 0 11/5/20264.0%
- 8TREASURY BILL 0 3/11/20273.9%
- 9TREASURY BILL 0 2/4/20273.6%
- 10TREASURY BILL 0 10/8/20263.5%
MEMA holds 321 securities in total. These 10 are 53.2% of the fund.
Where the money is invested
Sectors
- Technology36.1%
- Financial Services25.1%
- Industrials7.1%
- Basic Materials6.7%
- Communication Services5.8%
- Consumer Cyclical5.0%
Countries
- United States61.0%
- China19.2%
- Hong Kong3.7%
- Other3.4%
- India3.1%
- Mexico2.4%
How to invest in MEMA 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 MEMA and buy
Find the fund by its ticker, MEMA, 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 MEMA from India
What MEMA holds
MEMA is actively managed and invests in equity and equity-related securities of emerging market issuers from countries represented in the MSCI Emerging Markets Index. The funds strategy is to identify stocks with prospects of long-term value creation considered to be missed by short-term oriented investors.
Hold a dollar asset
MEMA 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 MEMA 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 MEMA from India?
Yes. Indian residents can buy Man ETF Series Trust - Man Active Emerging Markets Alternative ETF (MEMA) 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 MEMA invest in?
Man ETF Series Trust - Man Active Emerging Markets Alternative ETF holds 321 securities. Its largest holdings are TREASURY BILL 0 2/11/2027 (7.9%), TREASURY BILL 0 1/28/2027 (7.3%) and TREASURY BILL 0 2/18/2027 (7.2%). Technology is its largest sector at 36.1%. It is a distributing fund domiciled in the US.
What is the expense ratio of MEMA?
Man ETF Series Trust - Man Active Emerging Markets Alternative ETF has an expense ratio of 0.85% a year, taken from the fund's assets rather than billed to you. The fund manages about $12.7M.
How are MEMA dividends taxed in India?
Man ETF Series Trust - Man Active Emerging Markets Alternative 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 MEMA?
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 MEMA unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $32.03, and there is no minimum trade size.
What happens to my MEMA 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.