NYSE Arca · ETF
Invest in PFXF ETF from India
Indian and foreign residents can buy VanEck Preferred Securities ex Financials ETF (PFXF) units directly through Paasa.
By Paasa · Updated
PFXF at a glance
- Price
- $17.72+$0.04 (0.23%)
- Expense ratio
- 0.4%
- Day range
- $17.61 – $17.72
- Assets
- $2.4B
- Domicile
- the US
- Holdings
- 116
- Launched
- 2012
- Dividends
- Distributing
- 1 month
- -1.56%
- 6 months
- -0.06%
- YTD
- +0.00%
- 1 year
- -0.62%
- 5 years
- -17.16%
Price change, excluding dividends.
Top 10 holdings
- 1Strategy IncSTRC7.8%
- 2Boeing Co/The7.5%
- 3Super Micro Computer IncSMCIP5.5%
- 4Hewlett Packard Enterprise Co5.2%
- 5Alphabet IncGOOGM5.1%
- 6Alphabet IncGOOGN5.1%
- 7Oracle Corp4.7%
- 8Albemarle Corp2.2%
- 9Nextera Energy Inc2.1%
- 10Nextera Energy Inc2.1%
PFXF holds 116 securities in total. These 10 are 47.2% of the fund.
Where the money is invested
Sectors
- Technology28.3%
- Utilities12.6%
- Real Estate12.0%
- Communication Services6.2%
- Healthcare2.9%
- Consumer Defensive2.4%
Countries
- United States97.3%
- Canada1.3%
- Other0.7%
- Bermuda0.7%
How to invest in PFXF 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 PFXF and buy
Find the fund by its ticker, PFXF, 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 PFXF from India
What PFXF holds
The VanEck Preferred Securities ex Financials ETF (PFXF) strives to closely match the price and total return, prior to expenses, of the ICE Exchange-Listed Fixed & Adjustable Rate Non-Financial Preferred Securities Index (PFAN4PM). This underlying index is structured to capture the overall performance of U.S. exchange-listed hybrid debt, preferred equities, and convertible preferred equities issued by non-financial entities.
Hold a dollar asset
PFXF 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 PFXF 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 PFXF from India?
Yes. Indian residents can buy VanEck Preferred Securities ex Financials ETF (PFXF) 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 PFXF invest in?
VanEck Preferred Securities ex Financials ETF holds 116 securities. Its largest holdings are Strategy Inc (7.8%), Boeing Co/The (7.5%) and Super Micro Computer Inc (5.5%). Technology is its largest sector at 28.3%. It is a distributing fund domiciled in the US.
What is the expense ratio of PFXF?
VanEck Preferred Securities ex Financials ETF has an expense ratio of 0.4% a year, taken from the fund's assets rather than billed to you. The fund manages about $2.4B.
How are PFXF dividends taxed in India?
VanEck Preferred Securities ex Financials 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 PFXF?
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 PFXF unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $17.72, and there is no minimum trade size.
What happens to my PFXF 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.