New York Stock Exchange · ETF
Invest in THIR ETF from India
Indian and foreign residents can buy THOR Index Rotation ETF (THIR) units directly through Paasa.
By Paasa · Updated
THIR at a glance
- Price
- $33.64-$0.04 (0.12%)
- Expense ratio
- 0.69%
- Day range
- $33.48 – $33.70
- Assets
- $195.8M
- Domicile
- the US
- Holdings
- —
- Launched
- 2024
- Dividends
- Distributing
- 1 month
- -2.07%
- 6 months
- +10.99%
- YTD
- +3.57%
- 1 year
- +7.79%
- 5 years
- —
Price change, excluding dividends.
Top 6 holdings
- 1Invesco QQQ Trust Series 1 USD Class33.8%
- 2State Street SPDR Dow Jones Industrial Average ETF Trust33.2%
- 3State Street SPDR S&P 500 ETF Trust USD Class33.2%
- 4Receivables/Payables0.2%
- 5SPDR Bloomberg 1-3 Month T-Bill ETF USD Class0.1%
- 6US DOLLARS—
These 6 are 100.0% of the fund.
Where the money is invested
Sectors
- Technology28.5%
- Financial Services19.7%
- Industrials11.6%
- Healthcare11.5%
- Consumer Cyclical9.7%
- Communication Services7.4%
Countries
- United States100.5%
How to invest in THIR 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 THIR and buy
Find the fund by its ticker, THIR, on the New York Stock Exchange, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Why invest in THIR from India
What THIR holds
The THOR Index Rotation ETF (THIR) provides passively managed exposure to large-capitalization U.S. equities, utilizing a fund-of-funds strategy with an emphasis on volatility management. Its portfolio is assembled based on a proprietary algorithm that continually evaluates price trends and historical volatility across the S&P 500, the Dow Jones Industrial Average, and the NASDAQ 100, considering a medium-term horizon of three to six months.
Hold a dollar asset
THIR 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 THIR 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 THIR from India?
Yes. Indian residents can buy THOR Index Rotation ETF (THIR) through Paasa. It is listed on the New York Stock Exchange 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 THIR invest in?
Its largest holdings are Invesco QQQ Trust Series 1 USD Class (33.8%), State Street SPDR Dow Jones Industrial Average ETF Trust (33.2%) and State Street SPDR S&P 500 ETF Trust USD Class (33.2%). Technology is its largest sector at 28.5%. It is a distributing fund domiciled in the US.
What is the expense ratio of THIR?
THOR Index Rotation ETF has an expense ratio of 0.69% a year, taken from the fund's assets rather than billed to you. The fund manages about $195.8M.
How are THIR dividends taxed in India?
THOR Index Rotation 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 THIR?
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 THIR unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $33.64, and there is no minimum trade size.
What happens to my THIR 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.