Can't buy individual stocks in the NISA Tsumitate Investment Quota? A breakdown of the 377 eligible products and the differences between investment trusts and ETFs

When starting asset formation through the NISA Tsumitate Investment Quota, some people may wonder, “Can I also buy individual stocks?” or “What is the difference between investment trusts and ETFs?”

In fact, you cannot purchase individual company stocks within the Tsumitate Investment Quota. The only eligible products are investment trusts and ETFs (Exchange Traded Funds) that meet the criteria set by the Financial Services Agency.

As of October 23, 2026, there are a total of 377 eligible products. This article introduces their breakdown, differences in fees, and key points to check when selecting products.

There are 377 products eligible for the Tsumitate Investment Quota. Individual stocks cannot be purchased

The NISA Tsumitate Investment Quota is a system that supports asset formation through long-term, installment, and diversified investment.

As of October 23, 2026, there are 377 eligible products.

The breakdown consists of 201 equity-type investment trusts, 165 multi-asset investment trusts that combine stocks and bonds, and 11 ETFs.

In other words, the composition is 366 investment trusts and 11 ETFs.

On the other hand, individual company stocks are not eligible for the Tsumitate Investment Quota.

If you want to invest in individual stocks, you should use the “Growth Investment Quota,” which allows for investments of up to 2.4 million yen per year.

Since the two quotas can be used together, it is possible to accumulate investment trusts in the Tsumitate Investment Quota while purchasing individual stocks in the Growth Investment Quota.

What is the difference between investment trusts and ETFs?

Both investment trusts and ETFs are financial products that allow you to invest in multiple stocks at once, but they differ in how they are purchased and how their prices are determined.

General investment trusts are purchased through securities companies or banks and are traded at a base price calculated once a day.

It is common to set up an installment plan by specifying an amount, such as “10,000 yen per month.”

On the other hand, ETFs are listed on stock exchanges and can be bought and sold in the market just like stocks. Their prices fluctuate in real-time during trading hours.

However, whether or not ETF accumulation is supported depends on the financial institution, so you need to check in advance.

ETF trust fees must be 0.25% per year or less

A point to pay attention to for long-term investment is the trust fee incurred while holding the product.

Designated index investment trusts eligible for the Tsumitate Investment Quota are required to have zero sales commissions at the time of purchase.

The upper limit for trust fees is 0.5% or less per year for products targeting domestic assets, and 0.75% or less per year for products targeting overseas assets. Both figures are exclusive of tax.

On the other hand, ETFs have the following conditions:

• Trust fee: 0.25% or less per year (excluding tax)

• Trading commission: 1.25% or less (excluding tax)

• Minimum trading unit: 1,000 yen or less

While ETFs have lower upper limits for trust fees, commissions may be incurred at the time of purchase or sale.

Therefore, it is important to check not only the costs while holding, but also the costs at the time of purchase and sale.

The average trust fee is 0.27% for domestic and 0.34% for overseas/both

According to data from the Financial Services Agency as of October 23, 2026, the average trust fee rate for designated index investment trusts was 0.27% per year for products targeting domestic assets, and 0.34% per year for products targeting domestic/overseas or overseas assets.

For example, if you hold 1 million yen for one year, the estimated trust fee is approximately 2,700 yen at 0.27%, and approximately 3,400 yen at 0.34%.

*This is an estimate based on the trust fee rate excluding tax; actual costs will vary depending on the valuation of the assets held.

While the difference is 700 yen per year, if you continue to invest over a long period, these cost differences will accumulate.

Since trust fees are deducted daily from the assets held, you should also consider the long-term burden when choosing products.

Products available for purchase vary by financial institution

Even though there are 377 products eligible for the Tsumitate Investment Quota, they are not all available for purchase at every financial institution.

The products handled vary by securities company and bank, and some may not support ETF accumulation.

Also, in principle, you can only have one NISA account per person, and changing financial institutions is done on an annual basis.

If you have already decided on the product you want to purchase, it is safer to check the availability before opening an account.

Summary | Fees and product selection are important for long-term investment

As of October 23, 2026, there are a total of 377 products eligible for the NISA Tsumitate Investment Quota, consisting of 366 investment trusts and 11 ETFs.

You cannot purchase individual stocks, but by using the growth investment quota in combination, you can combine the accumulation of investment trusts with investments in individual stocks.

Since investment trusts and ETFs differ in trading methods and fees, which one is suitable depends on your investment objectives and the financial institution you use.

Also, even for products with low trust fees, investment performance is not guaranteed.

For those starting NISA, it is important to choose products that suit you while checking investment targets, costs, and purchase methods.