NYSE Arca · ETF
Invest in TFLR ETF from India
Indian and foreign residents can buy T. Rowe Price Floating Rate ETF (TFLR) units directly through Paasa.
By Paasa · Updated
TFLR at a glance
- Price
- $50.51-$0.05 (0.10%)
- Expense ratio
- 0.61%
- Day range
- $50.50 – $50.67
- Assets
- $834.1M
- Domicile
- the US
- Holdings
- 331
- Launched
- 2022
- Dividends
- Distributing
- 1 month
- -0.34%
- 6 months
- +0.64%
- YTD
- -1.77%
- 1 year
- -1.87%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1Cash/Cash equivalent USD5.4%
- 2OAK EAGLE ACQUIRECO, INC. USD TERM LOAN B1.3%
- 3ENGINEERED MACHINERY HLDG INC 2026 USD TERM LOAN B1.3%
- 4HUB INTERNATIONAL LIMITED 2025 TERM LOAN B1.3%
- 5SEDGWICK CLAIMS MGMT SRVCS INC 2023 TERM LOAN B1.3%
- 6FOCUS FINANCIAL PARTNERS LLC 2025 FUNGIBLE TERM LOAN B81.2%
- 7HOLOGIC INC 2026 USD 2ND LIEN TERM LOAN1.2%
- 8EDELMAN FINANCIAL CENTER LLC 2026 TERM LOAN B1.2%
- 9OPAL BIDCO SAS 2026 USD TERM LOAN B1.2%
- 10ALLIED UNIVERSAL HOLDCO LLC 2025 USD TERM LOAN B1.1%
TFLR holds 331 securities in total. These 10 are 16.4% of the fund.
How to invest in TFLR 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 TFLR and buy
Find the fund by its ticker, TFLR, 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 TFLR from India
What TFLR holds
The primary goal of this fund is to generate a robust stream of current income. A secondary objective is to achieve growth in its overall asset value.
Hold a dollar asset
TFLR 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 TFLR 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 TFLR from India?
Yes. Indian residents can buy T. Rowe Price Floating Rate ETF (TFLR) 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 TFLR invest in?
T. Rowe Price Floating Rate ETF holds 331 securities. Its largest holdings are Cash/Cash equivalent USD (5.4%), OAK EAGLE ACQUIRECO, INC. USD TERM LOAN B (1.3%) and ENGINEERED MACHINERY HLDG INC 2026 USD TERM LOAN B (1.3%). It is a distributing fund domiciled in the US.
What is the expense ratio of TFLR?
T. Rowe Price Floating Rate ETF has an expense ratio of 0.61% a year, taken from the fund's assets rather than billed to you. The fund manages about $834.1M.
How are TFLR dividends taxed in India?
T. Rowe Price Floating Rate 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 TFLR?
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 TFLR unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $50.51, and there is no minimum trade size.
What happens to my TFLR 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.