NYSE Arca · ETF
Invest in VPC ETF from India
Indian and foreign residents can buy Virtus Private Credit Strategy ETF (VPC) units directly through Paasa.
By Paasa · Updated
VPC at a glance
- Price
- $14.96+$0.11 (0.74%)
- Expense ratio
- 10.6%
- Day range
- $14.89 – $14.97
- Assets
- $28.2M
- Domicile
- the US
- Holdings
- 198
- Launched
- 2019
- Dividends
- Distributing
- 1 month
- -5.59%
- 6 months
- +2.22%
- YTD
- -15.60%
- 1 year
- -20.45%
- 5 years
- -40.06%
Price change, excluding dividends.
Top 10 holdings
- 1Cash/Cash equivalents5.5%
- 2Eagle Point Credit Co4.5%
- 3BlackRock TCP Capital Corp3.4%
- 4Prospect Capital Corp3.0%
- 5Horizon Technology Finance Corp3.0%
- 6Sound Point Meridian Capital Inc2.6%
- 7FS KKR Capital Corp2.6%
- 8CION Investment Corp2.4%
- 9New Mountain Finance Corp2.0%
- 10Saratoga Investment Corp2.0%
VPC holds 198 securities in total. These 10 are 30.9% of the fund.
Where the money is invested
Sectors
- Financial Services99.0%
- Technology0.8%
- Industrials0.1%
- Consumer Cyclical0.0%
- Communication Services0.0%
- Energy0.0%
Countries
- United States94.5%
- Other5.5%
How to invest in VPC 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 VPC and buy
Find the fund by its ticker, VPC, 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 VPC from India
What VPC holds
The fund aims to provide an income source distinct from traditional bonds by primarily investing in the private credit market. It endeavors to replicate the performance of the Indxx Private Credit Index, which offers broad, unmanaged investment in publicly traded instruments centered on private lending, such as Business Development Companies (BDCs) and Closed-End Funds (CEFs).
Hold a dollar asset
VPC 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 VPC 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 VPC from India?
Yes. Indian residents can buy Virtus Private Credit Strategy ETF (VPC) 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 VPC invest in?
Virtus Private Credit Strategy ETF holds 198 securities. Its largest holdings are Cash/Cash equivalents (5.5%), Eagle Point Credit Co (4.5%) and BlackRock TCP Capital Corp (3.4%). Financial Services is its largest sector at 99.0%. It is a distributing fund domiciled in the US.
What is the expense ratio of VPC?
Virtus Private Credit Strategy ETF has an expense ratio of 10.6% a year, taken from the fund's assets rather than billed to you. The fund manages about $28.2M.
How are VPC dividends taxed in India?
Virtus Private Credit Strategy 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 VPC?
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 VPC unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $14.96, and there is no minimum trade size.
What happens to my VPC 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.