NYSE Arca · ETF
Invest in QAI ETF from India
Indian and foreign residents can buy NYLI Hedge Multi-Strategy Tracker ETF (QAI) units directly through Paasa.
By Paasa · Updated
QAI at a glance
- Price
- $35.65-$0.20 (0.56%)
- Expense ratio
- 0.75%
- Day range
- $35.65 – $35.78
- Assets
- $999.5M
- Domicile
- the US
- Holdings
- 48
- Launched
- 2009
- Dividends
- Distributing
- 1 month
- -1.19%
- 6 months
- -1.25%
- YTD
- +6.07%
- 1 year
- +5.22%
- 5 years
- +10.54%
Price change, excluding dividends.
Top 10 holdings
- 1iShares Floating Rate Bond ETF17.3%
- 2Vanguard Short-Term Treasury ETF12.4%
- 3Vanguard FTSE Developed Markets ETF7.8%
- 4Franklin Senior Loan ETF Franklin Liberty Senior Loan Fund7.4%
- 5State Street SPDR Bloomberg Investment Grade Floating Rate ETF4.8%
- 6iShares MSCI Emerging Markets ex China ETF4.7%
- 7iShares Core S&P Small Cap ETF4.7%
- 8iMGP DBi Managed Futures Strategy ETF3.6%
- 9JPMorgan Equity Premium Income ETF3.1%
- 10iShares Convertible Bond ETF2.9%
QAI holds 48 securities in total. These 10 are 68.6% of the fund.
Where the money is invested
Sectors
- Corporate10.2%
- Technology8.8%
- Financial Services8.6%
- Healthcare6.6%
- Industrials5.7%
- Communication Services4.4%
Countries
- United States73.9%
- India2.7%
- Japan2.7%
- United Kingdom2.4%
- South Korea2.3%
- Canada2.2%
How to invest in QAI 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 QAI and buy
Find the fund by its ticker, QAI, 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 QAI from India
What QAI holds
New York Life Investments ETF Trust - NYLI Hedge Multi-Strategy Tracker ETF is an exchange traded fund of funds launched and managed by New York Life Investment Management LLC. It invests through derivatives and through other funds in public equity, fixed income, currency and commodity markets of global region.
Hold a dollar asset
QAI 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 QAI 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 QAI from India?
Yes. Indian residents can buy NYLI Hedge Multi-Strategy Tracker ETF (QAI) 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 QAI invest in?
NYLI Hedge Multi-Strategy Tracker ETF holds 48 securities. Its largest holdings are iShares Floating Rate Bond ETF (17.3%), Vanguard Short-Term Treasury ETF (12.4%) and Vanguard FTSE Developed Markets ETF (7.8%). Corporate is its largest sector at 10.2%. It is a distributing fund domiciled in the US.
What is the expense ratio of QAI?
NYLI Hedge Multi-Strategy Tracker ETF has an expense ratio of 0.75% a year, taken from the fund's assets rather than billed to you. The fund manages about $999.5M.
How are QAI dividends taxed in India?
NYLI Hedge Multi-Strategy Tracker 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 QAI?
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 QAI unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $35.65, and there is no minimum trade size.
What happens to my QAI 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.