Defiance China Memory ETF
Defiance China Memory ETF (NASDAQ: CRAM) is an exchange-traded fund listed on NASDAQ, trading at $24.50 (about ₹2,353 a unit) as of 29 Sep 2026, 4:00 PM ET. It has an expense ratio of 0.67% and holds 3 securities. Indian residents can buy CRAM through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$24.44
Today's high
$24.56
52 week low
$23.67
52 week high
$26.72
CRAM opened at $24.53, closed previously at $24.02, and has traded between $23.67 and $26.72 over the past 52 weeks.
About
The fund seeks to track the performance, before fees and expenses, of the BITA China Memory Index. Under normal circumstances, the Fund will invest at least 80% of its assets in investments that provide exposure to the component securities of the Index, which are companies engaged in China memory and storage semiconductor value chain activities.
Key statistics
Expense ratio
0.67%
Assets (AUM)
$480.1K
Holdings
3
NAV
$24.00
Avg. volume
—
1-year price change
—
5-year price change
—
Price change excludes dividends.
Top 3 holdings
CRAM holds 3 securities in total. These 3 are 100.0% of the fund.
How to buy CRAM from India
Indian residents can buy CRAM 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 CRAM and buy
Find the fund by its ticker, CRAM, 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 CRAM from India
Trading and taxes when buying CRAM 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 CRAM price today?
Defiance China Memory ETF (CRAM) last traded at $24.50 on NASDAQ, as of 29 Sep 2026, 4:00 PM ET. That is ₹2,353 a unit at the 29 Sep 2026 USD/INR rate.
When does CRAM 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 CRAM, and what does it cost to hold?
Defiance China Memory ETF manages about $480.1K. Its expense ratio is 0.67% a year, deducted inside the fund. It launched in 2026.
What are CRAM's largest holdings?
The top three are BITA CHINA MEMORY INDEX-SWAP-GOLD-L (98.7%), First American Government Obligations Fund 12/01/2031 (20.4%) and Cash & Other. CRAM's 3 largest positions make up 100.0% of the fund.
How are gains on CRAM 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 CRAM?
Yes. You can buy CRAM by amount rather than by whole unit, and there is no minimum trade size.