NYSE Arca · ETF
Invest in RAVI ETF from India
Indian and foreign residents can buy Northern Trust Ultra-Short Fixed ETF (RAVI) units directly through Paasa.
By Paasa · Updated
RAVI at a glance
- Price
- $75.20-$0.00 (0.00%)
- Expense ratio
- 0.26%
- Day range
- $75.18 – $75.23
- Assets
- $1.6B
- Domicile
- the US
- Holdings
- 271
- Launched
- 2012
- Dividends
- Distributing
- 1 month
- -0.17%
- 6 months
- -0.19%
- YTD
- -0.20%
- 1 year
- -0.53%
- 5 years
- -1.22%
Price change, excluding dividends.
Top 10 holdings
- 1CASH3.8%
- 2WALT DISNEY CO/THE NOTES VARIABLE 14/MAR/2029 USD2.4%
- 3MERCK & CO INC NOTES VARIABLE 15/MAR/2029 USD 10001.7%
- 4BANK OF AMERICA CORP CALLABLE NOTES VARIABLE1.5%
- 5ABBOTT LABORATORIES NOTES VARIABLE 09/MAR/2029 USD1.4%
- 6AT&T INC CALLABLE NOTES FIXED 3.8% 15/FEB/2027 USD1.4%
- 7INGERSOLL RAND INC CALLABLE NOTES FIXED 5.197%1.2%
- 8ROYAL BANK OF CANADA CALLABLE MEDIUM TERM NOTE1.2%
- 9TRUIST BANK CALLABLE NOTES VARIABLE 27/JAN/20291.1%
- 10CHEVRON USA INC NOTES VARIABLE 13/AUG/2028 USD1.1%
RAVI holds 271 securities in total. These 10 are 17.0% of the fund.
Where the money is invested
Countries
- United States62.8%
- Other13.8%
- United Kingdom5.4%
- France4.4%
- Canada3.4%
- Australia3.3%
How to invest in RAVI 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 RAVI and buy
Find the fund by its ticker, RAVI, 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 RAVI from India
What RAVI holds
This fund, formerly known as the "FlexShares Ready Access Variable Income Fund," is tailored for investors prioritizing a consistent income stream alongside minimal fluctuations in their investment's net asset value (NAV). The FlexShares Ultra-Short Income Fund (RAVI) aims to maximize current income, always with the critical objectives of protecting capital and ensuring liquidity.
Hold a dollar asset
RAVI 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 RAVI 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 RAVI from India?
Yes. Indian residents can buy Northern Trust Ultra-Short Fixed ETF (RAVI) 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 RAVI invest in?
Northern Trust Ultra-Short Fixed ETF holds 271 securities. Its largest holdings are CASH (3.8%), WALT DISNEY CO/THE NOTES VARIABLE 14/MAR/2029 USD (2.4%) and MERCK & CO INC NOTES VARIABLE 15/MAR/2029 USD 1000 (1.7%). It is a distributing fund domiciled in the US.
What is the expense ratio of RAVI?
Northern Trust Ultra-Short Fixed ETF has an expense ratio of 0.26% a year, taken from the fund's assets rather than billed to you. The fund manages about $1.6B.
How are RAVI dividends taxed in India?
Northern Trust Ultra-Short Fixed ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. 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 RAVI?
The US does not levy capital gains tax on shares for Indian residents. Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling. The gain is 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 RAVI unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $75.20, and there is no minimum trade size.
What happens to my RAVI 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.