NASDAQ · ETF
Invest in MFMO ETF from India
Indian and foreign residents can buy Motley Fool Momentum Factor ETF (MFMO) units directly through Paasa.
By Paasa · Updated
MFMO at a glance
- Price
- $23.03+$0.10 (0.43%)
- Expense ratio
- 0.5%
- Day range
- $22.99 – $23.08
- Assets
- $13.3M
- Domicile
- the US
- Holdings
- —
- Launched
- 2025
- Dividends
- —
- 1 month
- +4.18%
- 6 months
- +24.37%
- YTD
- +16.04%
- 1 year
- —
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1ExxonMobil Holdings Corp6.1%
- 2Advanced Micro Devices Inc6.0%
- 3NVIDIA Corp5.7%
- 4Alphabet Inc5.1%
- 5Broadcom Inc4.7%
- 6Intel Corp4.7%
- 7Goldman Sachs Group Inc/The4.5%
- 8Lam Research Corp4.2%
- 9Comfort Systems USA Inc4.2%
- 10Corning Inc4.0%
These 10 are 49.2% of the fund.
Where the money is invested
Countries
- United States99.7%
- Other0.3%
How to invest in MFMO 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 MFMO and buy
Find the fund by its ticker, MFMO, 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 MFMO from India
What MFMO holds
The Motley Fool Momentum Factor ETF (MFMO) is a passively managed fund designed to track U.S. companies exhibiting significant upward price momentum. This means it targets stocks that have recently performed well and are anticipated to sustain their superior market performance over the short to intermediate term.
Hold a dollar asset
MFMO 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 MFMO 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 MFMO from India?
Yes. Indian residents can buy Motley Fool Momentum Factor ETF (MFMO) 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 MFMO invest in?
Its largest holdings are ExxonMobil Holdings Corp (6.1%), Advanced Micro Devices Inc (6.0%) and NVIDIA Corp (5.7%). The fund is domiciled in the US.
What is the expense ratio of MFMO?
Motley Fool Momentum Factor ETF has an expense ratio of 0.5% a year, taken from the fund's assets rather than billed to you. The fund manages about $13.3M.
What tax do I pay in India when I sell MFMO?
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 MFMO unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $23.03, and there is no minimum trade size.
What happens to my MFMO 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.