Breakwave Dry Bulk Shipping ETF
Breakwave Dry Bulk Shipping ETF (AMEX: BDRY) is an exchange-traded fund listed on NYSE Arca, trading at $14.90 (about ₹1,431 a unit) as of 28 Sep 2026, 4:00 PM ET. It has an expense ratio of 3.5% and holds 12 securities. Indian residents can buy BDRY through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$14.77
Today's high
$15.25
52 week low
$7.41
52 week high
$16.71
BDRY opened at $15.25, closed previously at $15.32, and has traded between $7.41 and $16.71 over the past 52 weeks.
About
The Breakwave Dry Bulk Shipping ETF, or BDRY, is an investment vehicle engineered to track the daily price changes of short-term dry bulk freight futures. It offers investors direct, unleveraged access to the dry bulk shipping market without requiring the establishment of a futures trading account.
Key statistics
Expense ratio
3.5%
Assets (AUM)
$41.5M
Holdings
12
NAV
$15.38
Avg. volume
—
1-year price change
+85.09%
5-year price change
-58.24%
Price change excludes dividends.
Top 10 holdings
BDRY holds 12 securities in total. These 10 are 95.1% of the fund.
How to buy BDRY from India
Indian residents can buy BDRY units through Paasa in three steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers.
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.
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.
Search BDRY and buy
Find the fund by its ticker, BDRY, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Read the full guide: how to invest in BDRY from India
Trading and taxes when buying BDRY from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on foreign ETF units held for more than 24 months are long-term and taxed at 12.5% without indexation. Gains on units held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
Custody. Units are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
What is the BDRY price today?
Breakwave Dry Bulk Shipping ETF (BDRY) last traded at $14.90 on NYSE Arca, as of 28 Sep 2026, 4:00 PM ET. That is ₹1,431 a unit at the 28 Sep 2026 USD/INR rate.
When does BDRY trade, in Indian time?
NYSE Arca trades 7:00 pm – 1:30 am IST, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
How big is BDRY, and what does it cost to hold?
Breakwave Dry Bulk Shipping ETF manages about $41.5M. Its expense ratio is 3.5% a year, deducted inside the fund. It launched in 2018.
What are BDRY's largest holdings?
The top three are Cash & Other (30.1%), Invesco Government & Agency Portfolio 12/31/2031 (14.6%) and Capesize 5TC FFA 180kt Timecharter Average M Sep 26 (8.3%). BDRY's 10 largest positions make up 95.1% of the fund.
How are gains on BDRY taxed in India?
Units held for more than 24 months are long-term and taxed at 12.5% without indexation; units held for 24 months or less are taxed at your income-tax slab rate. The gain is worked out in rupees, so the currency move counts.
Can I buy fractional units of BDRY?
Yes. You can buy BDRY by amount rather than by whole unit, and there is no minimum trade size.
How has BDRY performed?
BDRY's price is up 85.1% over the past year and down 58.2% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.