Calamos Nasdaq Autocallable Income ETF
Calamos Nasdaq Autocallable ETF (NASDAQ: CAIQ) is an exchange-traded fund listed on NASDAQ, trading at $26.26 (about ₹2,519 a unit) as of 25 Sep 2026, 4:00 PM ET. It has an expense ratio of 0.74%. Indian residents can buy CAIQ through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$26.15
Today's high
$26.35
52 week low
$23.06
52 week high
$27.39
CAIQ opened at $26.26, closed previously at $26.23, and has traded between $23.06 and $27.39 over the past 52 weeks.
About
CAIQ is an equity alternative fund. It is actively managed, seeking a high, stable monthly income with reduced downside risk through exposure to the MerQube Nasdaq-100 Vol Advantage Autocallable Index. The autocallable index reflects the performance of a theoretical portfolio comprising 52 to 260 synthetic autocallable notes arranged in a laddered structure with staggered entry points. The fund, however, does not intend to replicate or track the said index, but instead uses financial instruments to gain exposure similar to its level. The fund will invest substantially in ultra-short term US Treasurys, cash, cash equivalents, box spreads, and unfunded total return swaps. Entering swap agreements with swap counterparties allows the fund to acquire comprehensive exposure to the theoretical portfolio of synthetic autocallables through a single instrument. The fund may also gain exposure to the index through a wholly-owned subsidiary organized in the Cayman Islands, capped at 25%.
Key statistics
Expense ratio
0.74%
Assets (AUM)
$372.5M
Holdings
—
NAV
$26.23
Avg. volume
—
1-year price change
—
5-year price change
—
Price change excludes dividends.
Top 5 holdings
These 5 are 100.0% of the fund.
Where the money is invested
Countries
How to buy CAIQ from India
Indian residents can buy CAIQ 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 CAIQ and buy
Find the fund by its ticker, CAIQ, on NASDAQ, 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 CAIQ from India
Trading and taxes when buying CAIQ 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
- Dividends
- Slab rateIt pays the dividends from its holdings out to you in cash, and dividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit 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 CAIQ price today?
Calamos Nasdaq Autocallable ETF (CAIQ) last traded at $26.26 on NASDAQ, as of 25 Sep 2026, 4:00 PM ET. That is ₹2,519 a unit at the 27 Sep 2026 USD/INR rate.
When does CAIQ trade, in Indian time?
NASDAQ 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 CAIQ, and what does it cost to hold?
Calamos Nasdaq Autocallable ETF manages about $372.5M. Its expense ratio is 0.74% a year, deducted inside the fund. It launched in 2025.
What are CAIQ's largest holdings?
The top three are TRS RECEIVE MQAUTOQL: MerQube NASDAQ-100 VOL ADVANTAGE AUTOCALL IDX PAY US SOFR Rate +10bps - JPM (52.1%), Calamos Tax-Aware Collateral ETF (40.5%) and United States Treasury Bill (7.4%). CAIQ's 5 largest positions make up 100.0% of the fund.
Does CAIQ pay dividends?
Yes. CAIQ is a distributing fund and pays the dividends from its holdings out in cash. In India they are taxed at your slab rate. 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.
How are gains on CAIQ 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 CAIQ?
Yes. You can buy CAIQ by amount rather than by whole unit, and there is no minimum trade size.