NASDAQ · ETF
Invest in PUI ETF from India
Indian and foreign residents can buy Invesco Dorsey Wright Utilities Momentum ETF (PUI) units directly through Paasa.
By Paasa · Updated
PUI at a glance
- Price
- $40.98-$0.29 (0.69%)
- Expense ratio
- 0.82%
- Day range
- $40.91 – $41.46
- Assets
- $47.9M
- Domicile
- the US
- Holdings
- 35
- Launched
- 2005
- Dividends
- Distributing
- 1 month
- -6.04%
- 6 months
- -12.82%
- YTD
- -6.64%
- 1 year
- -10.77%
- 5 years
- +25.84%
Price change, excluding dividends.
Top 10 holdings
- 1ONEOK Inc4.1%
- 2Constellation Energy Corp4.1%
- 3Evergy Inc4.0%
- 4Sempra3.7%
- 5Atmos Energy Corp3.6%
- 6Preformed Line Products Co3.5%
- 7GE Vernova Inc3.4%
- 8Duke Energy Corp3.4%
- 9DTE Energy Co3.4%
- 10American Electric Power Co Inc3.4%
PUI holds 35 securities in total. These 10 are 36.6% of the fund.
Where the money is invested
Sectors
- Utilities84.0%
- Energy9.7%
- Industrials6.3%
Countries
- United States99.8%
- Other0.2%
How to invest in PUI 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 PUI and buy
Find the fund by its ticker, PUI, 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 PUI from India
What PUI holds
The Invesco Dorsey Wright Utilities Momentum ETF (the Fund) is designed to replicate the performance of the Dorsey Wright Utilities Technical Leaders Index. To achieve its objective, the Fund typically invests a substantial portion—at least 90%—of its total assets in the securities that constitute this underlying Index.
Hold a dollar asset
PUI 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 PUI 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 PUI from India?
Yes. Indian residents can buy Invesco Dorsey Wright Utilities Momentum ETF (PUI) 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 PUI invest in?
Invesco Dorsey Wright Utilities Momentum ETF holds 35 securities. Its largest holdings are ONEOK Inc (4.1%), Constellation Energy Corp (4.1%) and Evergy Inc (4.0%). Utilities is its largest sector at 84.0%. It is a distributing fund domiciled in the US.
What is the expense ratio of PUI?
Invesco Dorsey Wright Utilities Momentum ETF has an expense ratio of 0.82% a year, taken from the fund's assets rather than billed to you. The fund manages about $47.9M.
How are PUI dividends taxed in India?
Invesco Dorsey Wright Utilities Momentum 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 PUI?
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 PUI unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $40.98, and there is no minimum trade size.
What happens to my PUI 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.