NASDAQ · ETF
Invest in PNQI ETF from India
Indian and foreign residents can buy Invesco NASDAQ Internet ETF (PNQI) units directly through Paasa.
By Paasa · Updated
PNQI at a glance
- Price
- $50.55+$0.14 (0.27%)
- Expense ratio
- 0.6%
- Day range
- $50.14 – $50.58
- Assets
- $538.0M
- Domicile
- the US
- Holdings
- 78
- Launched
- 2008
- Dividends
- —
- 1 month
- -5.27%
- 6 months
- +17.83%
- YTD
- -6.96%
- 1 year
- -10.65%
- 5 years
- +5.95%
Price change, excluding dividends.
Top 10 holdings
- 1Meta Platforms Inc10.4%
- 2Apple Inc8.9%
- 3Alphabet Inc8.4%
- 4Microsoft Corp8.3%
- 5Amazon.com Inc7.9%
- 6Walt Disney Co/The4.1%
- 7Shopify Inc4.1%
- 8Uber Technologies Inc3.7%
- 9Salesforce Inc3.7%
- 10Netflix Inc3.5%
PNQI holds 78 securities in total. These 10 are 62.9% of the fund.
Where the money is invested
Sectors
- Technology43.0%
- Communication Services27.3%
- Consumer Cyclical26.8%
- Financial Services2.5%
- Real Estate0.4%
- Healthcare0.0%
Countries
- United States86.0%
- Canada4.1%
- Sweden2.8%
- China2.5%
- Uruguay2.4%
- Singapore1.8%
How to invest in PNQI 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 PNQI and buy
Find the fund by its ticker, PNQI, 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 PNQI from India
What PNQI holds
The Invesco NASDAQ Internet ETF (the Fund) aims to mirror the performance of the Nasdaq CTA Internet IndexSM. It typically invests a minimum of 90% of its total assets in the constituent securities of this Index.
Hold a dollar asset
PNQI 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 PNQI 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 PNQI from India?
Yes. Indian residents can buy Invesco NASDAQ Internet ETF (PNQI) 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 PNQI invest in?
Invesco NASDAQ Internet ETF holds 78 securities. Its largest holdings are Meta Platforms Inc (10.4%), Apple Inc (8.9%) and Alphabet Inc (8.4%). Technology is its largest sector at 43.0%. The fund is domiciled in the US.
What is the expense ratio of PNQI?
Invesco NASDAQ Internet 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 $538.0M.
What tax do I pay in India when I sell PNQI?
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 PNQI unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $50.55, and there is no minimum trade size.
What happens to my PNQI 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.