KraneShares KWEB Covered Call Strategy ETF
KraneShares KWEB Covered Call Strategy ETF (AMEX: KLIP) is an exchange-traded fund listed on NYSE Arca, trading at $20.84 (about ₹1,961 a unit) as of 13 Nov 2026, 3:04 PM ET. It has an expense ratio of 0.94% and holds 11 securities. Indian residents can buy KLIP through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$20.66
Today's high
$20.86
52 week low
$20.56
52 week high
$32.32
KLIP opened at $20.66, closed previously at $20.79, and has traded between $20.56 and $32.32 over the past 52 weeks.
About
Under typical market conditions, this fund's core strategy involves allocating a minimum of 80% of its total assets to investments that track the CSI Overseas China Internet Index. This can be achieved either through direct holdings of the index's constituent securities or by using financial instruments with similar economic attributes. Concurrently, the fund aims to generate revenue by selling covered call options linked to this same index or to comparable financial products. Currently, the investment advisor plans to execute this approach by acquiring shares in the KraneShares CSI China Internet ETF (referred to as its "underlying fund") and subsequently writing covered call options directly on those ETF shares. This fund is categorized as non-diversified.
Key statistics
Expense ratio
0.94%
Assets (AUM)
$79.9M
Holdings
11
NAV
$20.83
Avg. volume
30.85K
1-year price change
-35.42%
5-year price change
—
Price change excludes dividends.
Top 7 holdings
KLIP holds 11 securities in total. These 7 are 100.0% of the fund.
Where the money is invested
Sectors
Countries
How to buy KLIP from India
Indian residents can buy KLIP units through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers. Read the full guide: how to invest in KLIP from India
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 KLIP and buy
Find the fund by its ticker, KLIP, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Track holdings and download tax reports
Follow your KLIP position in USD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Trading and taxes when buying KLIP 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
FAQs
What is the KLIP price today?
KraneShares KWEB Covered Call Strategy ETF (KLIP) last traded at $20.84 on NYSE Arca, as of 13 Nov 2026, 3:04 PM ET. That is ₹1,961 a unit at the 12 Nov 2026 USD/INR rate.
When does KLIP trade, in Indian time?
NYSE Arca trades 8:00 pm – 2:30 am IST, so the close lands after midnight. The window shifts to 7:00 pm – 1:30 am IST when the US is on daylight time. Orders can only execute during that window.
How big is KLIP, and what does it cost to hold?
KraneShares KWEB Covered Call Strategy ETF manages about $79.9M. Its expense ratio is 0.94% a year, deducted inside the fund. It launched in 2023.
What are KLIP's largest holdings?
The top three are KraneShares CSI China Internet ETF (101.0%), Cash (1.4%) and 2KWEB US 11/13/26 C24.93. KLIP's 7 largest positions make up 100.0% of the fund.
Does KLIP pay dividends?
Yes. KLIP 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 KLIP 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 KLIP?
Yes. You can buy KLIP by amount rather than by whole unit, and there is no minimum trade size.
How has KLIP performed?
KLIP's price is down 35.4% over the past year. These figures are price change only and exclude dividends; past performance does not guarantee future returns.