Cullen Enhanced Equity Income ETF
Cullen Enhanced Equity ETF (AMEX: DIVP) is an exchange-traded fund listed on NYSE Arca, trading at $26.18 (about ₹2,515 a unit) as of 29 Sep 2026, 3:59 PM ET. It has an expense ratio of 0.55%. Indian residents can buy DIVP through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$26.11
Today's high
$26.20
52 week low
$24.11
52 week high
$28.12
DIVP opened at $26.11, closed previously at $26.48, and has traded between $24.11 and $28.12 over the past 52 weeks.
About
Under typical market conditions, the fund commits at least 80% of its total assets, including any capital borrowed for investment, to common stocks that yield dividends. To generate additional income for the portfolio, the fund also selectively writes (sells) covered call options, aiming to cover 25% to 40% of its underlying equity holdings. Crucially, the fund's emphasis on fundamental "value" in its security selection process always takes precedence over the potential income derived from writing options.
Key statistics
Expense ratio
0.55%
Assets (AUM)
$60.3M
Holdings
—
NAV
$26.49
Avg. volume
—
1-year price change
+4.34%
5-year price change
—
Price change excludes dividends.
Top 10 holdings
These 10 are 35.9% of the fund.
Where the money is invested
Sectors
Countries
How to buy DIVP from India
Indian residents can buy DIVP 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 DIVP and buy
Find the fund by its ticker, DIVP, 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 DIVP from India
Trading and taxes when buying DIVP 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 DIVP price today?
Cullen Enhanced Equity ETF (DIVP) last traded at $26.18 on NYSE Arca, as of 29 Sep 2026, 3:59 PM ET. That is ₹2,515 a unit at the 29 Sep 2026 USD/INR rate.
When does DIVP 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 DIVP, and what does it cost to hold?
Cullen Enhanced Equity ETF manages about $60.3M. Its expense ratio is 0.55% a year, deducted inside the fund. It launched in 2024.
What are DIVP's largest holdings?
The top three are EOG RESOURCES INC (4.0%), CONOCOPHILLIPS (3.8%) and BECTON DICKINSON AND CO (3.7%). DIVP's 10 largest positions make up 35.9% of the fund.
Does DIVP pay dividends?
Yes. DIVP 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 DIVP 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 DIVP?
Yes. You can buy DIVP by amount rather than by whole unit, and there is no minimum trade size.
How has DIVP performed?
DIVP's price is up 4.3% over the past year. These figures are price change only and exclude dividends; past performance does not guarantee future returns.