NYSE Arca · ETF
Invest in PFIX ETF from India
Indian and foreign residents can buy Simplify Interest Rate Hedge ETF (PFIX) units directly through Paasa.
By Paasa · Updated
PFIX at a glance
- Price
- $62.92+$0.85 (1.37%)
- Expense ratio
- 0.5%
- Day range
- $61.77 – $63.00
- Assets
- $213.5M
- Domicile
- the US
- Holdings
- 13
- Launched
- 2021
- Dividends
- Distributing
- 1 month
- +24.97%
- 6 months
- +26.85%
- YTD
- +34.59%
- 1 year
- +31.80%
- 5 years
- +54.71%
Price change, excluding dividends.
Top 10 holdings
- 1SWAPTION 05/10/2030 P4.50/SOFR MSX24.0%
- 2B 12/31/26 Govt21.5%
- 3B 12/3/26 Govt17.5%
- 4SIMPLIFY E GOVT MONEY MKT ETF12.2%
- 5B 1/28/27 Govt11.1%
- 6SWAPTION 06/16/2032 P5.00/SOFR GSX8.3%
- 7SWAPTION 05/10/2030 P4.50/SOFR GSX5.7%
- 8SWAPTION 06/16/2032 P5.00/SOFR MSX3.5%
- 9SWAPTION 06/16/2032 P4.75/SOFR JPM3.4%
- 10B 3/11/27 Govt3.0%
PFIX holds 13 securities in total. These 10 are 110.1% of the fund.
Where the money is invested
Sectors
- Financial Services13.3%
Countries
- United States65.2%
- Other34.9%
How to invest in PFIX 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 PFIX and buy
Find the fund by its ticker, PFIX, 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 PFIX from India
What PFIX holds
The Simplify Interest Rate Hedge ETF (PFIX) is designed to mitigate the impact of ascending long-term interest rates and capitalize on periods of elevated market stress characterized by increased fixed income volatility. The fund achieves this by holding substantial positions in over-the-counter (OTC) interest rate options.
Hold a dollar asset
PFIX 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 PFIX 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 PFIX from India?
Yes. Indian residents can buy Simplify Interest Rate Hedge ETF (PFIX) 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 does PFIX invest in?
Simplify Interest Rate Hedge ETF holds 13 securities. Its largest holdings are SWAPTION 05/10/2030 P4.50/SOFR MSX (24.0%), B 12/31/26 Govt (21.5%) and B 12/3/26 Govt (17.5%). Financial Services is its largest sector at 13.3%. It is a distributing fund domiciled in the US.
What is the expense ratio of PFIX?
Simplify Interest Rate Hedge 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 $213.5M.
How are PFIX dividends taxed in India?
Simplify Interest Rate Hedge ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. 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 PFIX?
The US does not levy capital gains tax on shares for Indian residents. Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling. The gain is 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 PFIX unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $62.92, and there is no minimum trade size.
What happens to my PFIX 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.