REX Defensive Autocallable Income ETF
REX Defensive Autocallable ETF (AMEX: DACL) is an exchange-traded fund listed on NYSE Arca, trading at $25.01 (about ₹2,399 a unit) as of 28 Sep 2026, 9:46 AM ET. It has an expense ratio of 0.65% and holds 4 securities. Indian residents can buy DACL through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$25.01
Today's high
$25.01
52 week low
$24.94
52 week high
$25.15
DACL opened at $25.01, closed previously at $24.99, and has traded between $24.94 and $25.15 over the past 52 weeks.
About
The Fund is an exchange-traded fund that seeks to generate monthly income with enhanced downside mitigation by tracking the Bloomberg US Large Cap VolMax Defensive Autocallable Index. It gains exposure primarily through unfunded total return swap agreements referencing a laddered portfolio of roughly 252 to 1,260 synthetic autocallable contracts tied to a volatility-targeted equity index (itself derived from a broad large-cap benchmark). Each contract pays a monthly coupon of SOFR plus 3% if the reference index stays above a coupon barrier, is automatically called away if the reference index reaches its starting level, and carries a 50% risk buffer at five-year maturity below which losses are doubled by a 200% gearing factor. The Fund also holds short-term U.S. Treasuries, cash equivalents, and box spreads as swap collateral, and is classified as non-diversified.
Key statistics
Expense ratio
0.65%
Assets (AUM)
$3.7M
Holdings
4
NAV
$24.98
Avg. volume
—
1-year price change
—
5-year price change
—
Price change excludes dividends.
Top 4 holdings
DACL holds 4 securities in total. These 4 are 100.0% of the fund.
How to buy DACL from India
Indian residents can buy DACL 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 DACL and buy
Find the fund by its ticker, DACL, 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 DACL from India
Trading and taxes when buying DACL 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 DACL price today?
REX Defensive Autocallable ETF (DACL) last traded at $25.01 on NYSE Arca, as of 28 Sep 2026, 9:46 AM ET. That is ₹2,399 a unit at the 27 Sep 2026 USD/INR rate.
When does DACL 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 DACL, and what does it cost to hold?
REX Defensive Autocallable ETF manages about $3.7M. Its expense ratio is 0.65% a year, deducted inside the fund. It launched in 2026.
What are DACL's largest holdings?
The top three are BMAXDACL SWAP 28APR27 (100.2%), TREASURY BILL (99.9%) and FIRST AMERICAN GOVERNMENT OBLI FIRST AM GOV OBLIG X (0.1%). DACL's 4 largest positions make up 100.0% of the fund.
Does DACL pay dividends?
Yes. DACL 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 DACL 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 DACL?
Yes. You can buy DACL by amount rather than by whole unit, and there is no minimum trade size.