The Financial Services Agency updated its list of funds eligible for the installment-investment slot of NISA, Japan's tax-free investment scheme, on 8 October 2026. The summary sheet counts 372 eligible products as of that date.
The list is split into three groups: 284 designated index funds, 77 funds that fall outside the designated-index category (active funds and others), and 11 exchange-traded funds.
| Category | Funds |
|---|---|
| Designated index funds | 284 |
| Other funds (active funds and others) | 77 |
| Exchange-traded funds | 11 |
One addition, flagged in a footnote
The list is dated 8 October, but a footnote says Index Fund NASDAQ100 (US Equities) was added on 9 October 2026. The fund appears in the group of 77 funds outside the designated-index category, not among the 284 designated index funds. The list does not say what changed in the other groups, and the agency's page does not give the previous count.
Fees against the legal ceilings
The FSA's overview sheet charts the spread of trust fees across eligible products. As the chart is laid out, designated index funds investing in Japan average 0.27% against a legal cap of 0.5%, while those investing abroad or across both average 0.34% against a cap of 0.75%. The sheet text gives no fee average for the funds outside the designated-index category.
Where to look for the other slot
The FSA page says funds open to the growth-investment slot are listed on the asset management industry association's site, not in this list. Readers checking whether a specific fund qualifies for installment investing should use the FSA's lists, which come in two versions: sorted by asset manager and sorted by underlying asset.
Tokyo Brief covered NISA earlier in this report.