NASDAQ · ETF
Invest in TPLS ETF from India
Indian and foreign residents can buy Thornburg Core Plus Bond ETF (TPLS) units directly through Paasa.
By Paasa · Updated
TPLS at a glance
- Price
- $24.09-$0.01 (0.06%)
- Expense ratio
- 0.45%
- Day range
- $24.01 – $24.09
- Assets
- $14.5M
- Domicile
- the US
- Holdings
- —
- Launched
- 2025
- Dividends
- Distributing
- 1 month
- -2.86%
- 6 months
- -4.29%
- YTD
- -5.61%
- 1 year
- -5.83%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1United States Treasury Strip Coupon8.2%
- 2United States Treasury Strip Principal4.4%
- 3Cash & Cash EquivalentsCash & Cash Equivalents4.2%
- 4CBOT 10 Year US Treasury NoteTYZ62.1%
- 5Freddie Mac Pool1.9%
- 6PRKCM 2023-AFC1 Trust1.6%
- 7United States Treasury Note/Bond1.3%
- 8United States Treasury Inflation Indexed Bonds1.1%
- 9Freddie Mac Pool1.1%
- 10Fannie Mae Pool1.0%
These 10 are 26.9% of the fund.
How to invest in TPLS 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 TPLS and buy
Find the fund by its ticker, TPLS, on NASDAQ, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Why invest in TPLS from India
What TPLS holds
The Thornburg Core Plus Bond ETF (TPLS) seeks to generate comprehensive returns, combining both current income and capital growth, through a diverse fixed-income portfolio. Its investments encompass a broad range of assets, including corporate debt, government obligations, mortgage-backed securities, asset-backed securities, and bank loans.
Hold a dollar asset
TPLS 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 TPLS 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 TPLS from India?
Yes. Indian residents can buy Thornburg Core Plus Bond ETF (TPLS) through Paasa. It is listed on NASDAQ 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 TPLS invest in?
Its largest holdings are United States Treasury Strip Coupon (8.2%), United States Treasury Strip Principal (4.4%) and Cash & Cash Equivalents (4.2%). It is a distributing fund domiciled in the US.
What is the expense ratio of TPLS?
Thornburg Core Plus Bond ETF has an expense ratio of 0.45% a year, taken from the fund's assets rather than billed to you. The fund manages about $14.5M.
How are TPLS dividends taxed in India?
Thornburg Core Plus Bond 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 TPLS?
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 TPLS unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $24.09, and there is no minimum trade size.
What happens to my TPLS 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.