NYSE Arca · ETF
Invest in VO ETF from India
Indian and foreign residents can buy Vanguard Morningstar Mid- ETF (VO) units directly through Paasa.
By Paasa · Updated
VO at a glance
- Price
- $79.04+$0.04 (0.05%)
- Expense ratio
- 0.03%
- Day range
- $78.65 – $79.26
- Assets
- $226.4B
- Domicile
- the US
- Holdings
- 307
- Launched
- 2004
- Dividends
- Accumulating
- 1 month
- -4.19%
- 6 months
- +11.80%
- YTD
- +7.93%
- 1 year
- +7.85%
- 5 years
- +32.04%
Price change, excluding dividends.
Top 10 holdings
- 1Marathon Petroleum CorpMPC1.0%
- 2Valero Energy CorpVLO1.0%
- 3Vertiv Holdings CoVRT0.9%
- 4Phillips 66PSX0.9%
- 5Howmet Aerospace IncHWM0.9%
- 6Cloudflare IncNET0.9%
- 7Seagate Technology Holdings PLCSTX0.9%
- 8Quanta Services IncPWR0.9%
- 9SLB LtdSLB0.9%
- 10Constellation Energy CorpCEG0.9%
VO holds 307 securities in total. These 10 are 9.3% of the fund.
Where the money is invested
Sectors
- Technology18.3%
- Industrials17.9%
- Financial Services13.8%
- Consumer Cyclical9.0%
- Energy8.9%
- Healthcare8.6%
Countries
- United States95.0%
- Ireland1.9%
- Singapore0.9%
- Canada0.5%
- Switzerland0.4%
- Other0.3%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| IMCBAMEXiShares Morningstar Mid-Cap ETF | 0.04% | 1.7B |
Assets are shown in each fund's own reporting currency.
How to invest in VO 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 VO and buy
Find the fund by its ticker, VO, 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 VO from India
What VO holds
The fund employs an indexing investment approach designed to track the performance of the CRSP US Mid Cap Index, a broadly diversified index of stocks of mid-size U.S. companies. The advisor attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.
Dividends reinvested for you
Dividends from VO's holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
Hold a dollar asset
VO 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 VO 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 VO from India?
Yes. Indian residents can buy Vanguard Morningstar Mid- ETF (VO) 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 VO invest in?
Vanguard Morningstar Mid- ETF holds 307 securities. Its largest holdings are Marathon Petroleum Corp (1.0%), Valero Energy Corp (1.0%) and Vertiv Holdings Co (0.9%). Technology is its largest sector at 18.3%. It is an accumulating fund domiciled in the US.
What is the expense ratio of VO?
Vanguard Morningstar Mid- ETF has an expense ratio of 0.03% a year, taken from the fund's assets rather than billed to you. The fund manages about $226.4B.
Does VO pay dividends?
No. Vanguard Morningstar Mid- ETF is an accumulating fund. Dividends from its holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
What tax do I pay in India when I sell VO?
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 VO unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $79.04, and there is no minimum trade size.
What happens to my VO 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.