NYSE Arca · ETF
Invest in OCT ETF from India
Indian and foreign residents can buy VanEck U.S. Equity Buffer ETF - October (OCT) units directly through Paasa.
By Paasa · Updated
OCT at a glance
- Price
- $30.54-$0.14 (0.44%)
- Expense ratio
- —
- Day range
- $30.51 – $31.52
- Assets
- —
- Domicile
- the US
- Holdings
- —
- Launched
- —
- Dividends
- —
How to invest in OCT 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 OCT and buy
Find the fund by its ticker, OCT, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Why invest in OCT from India
What OCT holds
An actively managed ETF that employs a defined outcome strategy based on the performance of an ETF tracking the S&P 500 Index. The fund seeks to provide investors with returns that match the price return of the underlying ETF up to a predetermined cap, while providing a buffer against the first tier of losses over a one-year outcome period.
Hold a dollar asset
OCT 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 OCT 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 OCT from India?
Yes. Indian residents can buy VanEck U.S. Equity Buffer ETF - October (OCT) through Paasa. It is listed on NYSE Arca 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 tax do I pay in India when I sell OCT?
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 OCT unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $30.54, and there is no minimum trade size.
What happens to my OCT 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.