Quadratic Deflation ETF
Quadratic Deflation ETF (AMEX: BNDD) is an exchange-traded fund listed on NYSE Arca, trading at $96.56 (about ₹9,262 a unit) as of 25 Sep 2026, 1:29 PM ET. It has an expense ratio of 1.02% and holds 4 securities. Indian residents can buy BNDD through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$96.29
Today's high
$96.79
52 week low
$94.52
52 week high
$102.28
BNDD opened at $96.79, closed previously at $97.50, and has traded between $94.52 and $102.28 over the past 52 weeks.
About
KraneShares Trust - Quadratic Deflation ETF is an exchange traded fund launched and managed by Krane Funds Advisors, LLC. The fund is co-managed by Quadratic Capital Management LLC. It invests directly, through derivatives and through other funds in the fixed income markets of the United States. The fund primarily invests in a mix of U.S. Treasury securities and option strategies tied to the shape of the U.S. interest rate swap curve. It seeks to invest in securities of any maturity. The fund invests in securities of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. The fund seeks to benchmark the performance of its portfolio against the Bloomberg Long U.S. Treasury Index. It employs proprietary research to create its portfolio. The fund does not invest in securities of companies related to extreme event controversies, controversial weapons, UN global compact violations, civilian firearms, thermal coal extraction and tobacco. KraneShares Trust - Quadratic Deflation ETF was formed on September 20, 2021 and is domiciled in the United States.
Key statistics
Expense ratio
1.02%
Assets (AUM)
$17.6M
Holdings
4
NAV
$97.41
Avg. volume
—
1-year price change
-3.52%
5-year price change
-50.58%
Price change excludes dividends.
Top 4 holdings
BNDD holds 4 securities in total. These 4 are 100.0% of the fund.
Where the money is invested
Sectors
Countries
How to buy BNDD from India
Indian residents can buy BNDD 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 BNDD and buy
Find the fund by its ticker, BNDD, 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 BNDD from India
Trading and taxes when buying BNDD 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
- Taxable in IndiaGains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling.
- Dividends
- Slab rateIt pays the dividends from its holdings out to you in cash, and dividends are taxed at your slab rate in India.Dividend tax 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 BNDD price today?
Quadratic Deflation ETF (BNDD) last traded at $96.56 on NYSE Arca, as of 25 Sep 2026, 1:29 PM ET. That is ₹9,262 a unit at the 25 Sep 2026 USD/INR rate.
When does BNDD 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 BNDD, and what does it cost to hold?
Quadratic Deflation ETF manages about $17.6M. Its expense ratio is 1.02% a year, deducted inside the fund. It launched in 2021.
What are BNDD's largest holdings?
The top three are VANGUARD LONG-TERM TREASURY (73.2%), Cash (19.3%) and USD CMS 2-30 06/12/28 30 (7.1%). BNDD's 4 largest positions make up 100.0% of the fund.
Does BNDD pay dividends?
Yes. BNDD is a distributing fund and pays the dividends from its holdings out in cash. In India they are taxed at your slab rate.
How are gains on BNDD taxed in India?
Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling.
Can I buy fractional units of BNDD?
Yes. You can buy BNDD by amount rather than by whole unit, and there is no minimum trade size.
How has BNDD performed?
BNDD's price is down 3.5% over the past year and down 50.6% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.