NASDAQ · ETF
Invest in WISE ETF from India
Indian and foreign residents can buy Themes Generative Artificial Intelligence ETF (WISE) units directly through Paasa.
By Paasa · Updated
WISE at a glance
- Price
- $35.38+$0.22 (0.61%)
- Expense ratio
- 0.35%
- Day range
- $35.34 – $35.68
- Assets
- $27.7M
- Domicile
- the US
- Holdings
- 42
- Launched
- 2023
- Dividends
- Distributing
- 1 month
- -2.55%
- 6 months
- +10.02%
- YTD
- -9.74%
- 1 year
- -19.11%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1Advanced Micro Devices Inc5.5%
- 2NVIDIA Corp5.3%
- 3Snowflake Inc4.8%
- 4Information Services Group Inc4.6%
- 5Alphabet Inc4.3%
- 6Palantir Technologies Inc4.3%
- 7Caris Life Sciences Inc4.2%
- 8Kingsoft Cloud Holdings Ltd4.0%
- 9C3.ai Inc3.8%
- 10BIGBEAR.AI HOLDINGS INC3.7%
WISE holds 42 securities in total. These 10 are 44.5% of the fund.
Where the money is invested
Sectors
- Technology90.8%
- Consumer Cyclical4.0%
- Communication Services3.0%
- Industrials1.3%
- Healthcare0.8%
- Utilities0.2%
Countries
- United States81.0%
- China8.2%
- Japan5.4%
- United Kingdom4.4%
- Cayman Islands0.9%
- Other0.1%
How to invest in WISE 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 WISE and buy
Find the fund by its ticker, WISE, 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 WISE from India
What WISE holds
This fund is designed to provide investment exposure to businesses involved in artificial intelligence. Typically, at least 80% of its net assets (along with any borrowed capital for investment) will be allocated to the securities composing its benchmark index, or to American and Global Depositary Receipts (ADRs and GDRs) representing those index components.
Hold a dollar asset
WISE 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 WISE 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 WISE from India?
Yes. Indian residents can buy Themes Generative Artificial Intelligence ETF (WISE) 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 WISE invest in?
Themes Generative Artificial Intelligence ETF holds 42 securities. Its largest holdings are Advanced Micro Devices Inc (5.5%), NVIDIA Corp (5.3%) and Snowflake Inc (4.8%). Technology is its largest sector at 90.8%. It is a distributing fund domiciled in the US.
What is the expense ratio of WISE?
Themes Generative Artificial Intelligence ETF has an expense ratio of 0.35% a year, taken from the fund's assets rather than billed to you. The fund manages about $27.7M.
How are WISE dividends taxed in India?
Themes Generative Artificial Intelligence 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 WISE?
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 WISE unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $35.38, and there is no minimum trade size.
What happens to my WISE 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.