NYSE Arca · ETF
Invest in PHOX ETF from India
Indian and foreign residents can buy Aura AI Photonics ETF (PHOX) units directly through Paasa.
By Paasa · Updated
PHOX at a glance
- Price
- $24.30+$0.36 (1.50%)
- Expense ratio
- 0.6%
- Day range
- $24.03 – $24.30
- Assets
- $1.7M
- Domicile
- the US
- Holdings
- 28
- Launched
- 2026
- Dividends
- —
Top 10 holdings
- 1Lumentum Holdings IncLITE12.4%
- 2Coherent CorpCOHR8.6%
- 3Eoptolink Technology Inc Ltd300502.SZ8.0%
- 4Zhongji Innolight Co Ltd300308.SZ7.2%
- 5Credo Technology Group Holding LtdCRDO6.8%
- 6Suzhou TFC Optical Communication Co Ltd300394.SZ5.7%
- 7Yuanjie Semiconductor Technology Co Ltd688498.SS5.1%
- 8MARVELL TECHNOLOGY INCMRVL4.4%
- 9Arista Networks IncANET4.2%
- 10Amphenol CorpAPH3.9%
PHOX holds 28 securities in total. These 10 are 66.3% of the fund.
Where the money is invested
Sectors
- Technology98.1%
- Basic Materials1.9%
Countries
- United States47.5%
- China31.3%
- Cayman Islands13.1%
- Taiwan3.8%
- Canada2.3%
- Germany1.9%
How to invest in PHOX 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 PHOX and buy
Find the fund by its ticker, PHOX, 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 PHOX from India
What PHOX holds
The investment seeks to track the performance, before fees and expenses, of the VettaFi AI Photonics Index. Under normal circumstances, the fund will invest at least 80% of the fund's net assets (plus borrowings for investment purposes) in Optical and Photonic Companies.
Hold a dollar asset
PHOX 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 PHOX 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 PHOX from India?
Yes. Indian residents can buy Aura AI Photonics ETF (PHOX) 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 PHOX invest in?
Aura AI Photonics ETF holds 28 securities. Its largest holdings are Lumentum Holdings Inc (12.4%), Coherent Corp (8.6%) and Eoptolink Technology Inc Ltd (8.0%). Technology is its largest sector at 98.1%. The fund is domiciled in the US.
What is the expense ratio of PHOX?
Aura AI Photonics ETF has an expense ratio of 0.6% a year, taken from the fund's assets rather than billed to you. The fund manages about $1.7M.
What tax do I pay in India when I sell PHOX?
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 PHOX unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $24.30, and there is no minimum trade size.
What happens to my PHOX 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.