NYSE Arca · ETF
Invest in TIER ETF from India
Indian and foreign residents can buy T. Rowe Price International Equity Research ETF (TIER) units directly through Paasa.
By Paasa · Updated
TIER at a glance
- Price
- $32.15-$0.26 (0.80%)
- Expense ratio
- 0.38%
- Day range
- $32.15 – $32.43
- Assets
- $140.5M
- Domicile
- the US
- Holdings
- 345
- Launched
- 2025
- Dividends
- Distributing
- 1 month
- -2.14%
- 6 months
- +12.99%
- YTD
- +13.11%
- 1 year
- +18.27%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1TAIWAN SEMICONDUCTOR MANUFAC COMMON STOCK TWD10.03.6%
- 2TAIWAN SEMICONDUCTOR SP ADR ADR2.5%
- 3SK HYNIX INC COMMON STOCK KRW5000.01.9%
- 4ASML HOLDING NV NY REG SHS NY REG SHRS EUR.091.9%
- 5SAMSUNG ELECTR GDR REG S GDR1.5%
- 6YUAN RENMINBI OFFSHORE1.0%
- 7ROYAL BANK OF CANADA COMMON STOCK1.0%
- 8MEDIATEK INC COMMON STOCK TWD10.00.9%
- 9SAMSUNG ELECTRONICS CO LTD COMMON STOCK KRW100.00.9%
- 10HSBC HOLDINGS PLC COMMON STOCK USD.50.9%
TIER holds 345 securities in total. These 10 are 16.2% of the fund.
Where the money is invested
Sectors
- Financial Services25.3%
- Technology22.3%
- Industrials13.8%
- Consumer Cyclical7.6%
- Basic Materials7.0%
- Healthcare6.7%
Countries
- Japan15.6%
- Other10.8%
- Taiwan (Province of China)9.8%
- United Kingdom9.5%
- Canada8.1%
- Germany5.4%
How to invest in TIER 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 TIER and buy
Find the fund by its ticker, TIER, 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 TIER from India
What TIER holds
The fund normally invests at least 80% of its net assets (plus any borrowings for investments purposes) in equity securities. Under normal conditions, the fund primarily invests in stocks outside the U.S. and in at least five countries, including developed and emerging market countries.
Hold a dollar asset
TIER 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 TIER 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 TIER from India?
Yes. Indian residents can buy T. Rowe Price International Equity Research ETF (TIER) 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 TIER invest in?
T. Rowe Price International Equity Research ETF holds 345 securities. Its largest holdings are TAIWAN SEMICONDUCTOR MANUFAC COMMON STOCK TWD10.0 (3.6%), TAIWAN SEMICONDUCTOR SP ADR ADR (2.5%) and SK HYNIX INC COMMON STOCK KRW5000.0 (1.9%). Financial Services is its largest sector at 25.3%. It is a distributing fund domiciled in the US.
What is the expense ratio of TIER?
T. Rowe Price International Equity Research ETF has an expense ratio of 0.38% a year, taken from the fund's assets rather than billed to you. The fund manages about $140.5M.
How are TIER dividends taxed in India?
T. Rowe Price International Equity Research 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 TIER?
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 TIER unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $32.15, and there is no minimum trade size.
What happens to my TIER 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.