SGI Enhanced Market Leaders ETF
SGI Enhanced Market Leaders ETF (NASDAQ: LDRX) is an exchange-traded fund listed on NASDAQ, trading at $36.87 (about ₹3,541 a unit) as of 29 Sep 2026, 4:00 PM ET. It has an expense ratio of 0.5%. Indian residents can buy LDRX through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$36.86
Today's high
$36.98
52 week low
$29.65
52 week high
$37.46
LDRX opened at $36.98, closed previously at $37.00, and has traded between $29.65 and $37.46 over the past 52 weeks.
About
LDRX aims to deliver comprehensive returns primarily from large-capitalization stocks, supplemented by a short-duration options strategy. Its investment focus is on established market-leading firms or those demonstrating enhanced business health and sound financials, specifically looking for stable earnings, appealing valuations, and prudent debt levels. To boost income, the fund sells deeply out-of-the-money call and put options, generally expiring within one to seven days, on major market benchmarks such as the S&P 500. This approach seeks to collect premiums from options contracts anticipated to expire unexercised, though it simultaneously curtails potential upward gains and exposes the portfolio to increased downside during turbulent periods. The portfolio may additionally include exchange-traded funds (ETFs) and short-term U.S. Treasury bonds as collateral, alongside generating extra revenue through securities lending. For defensive purposes, the entire asset base can be converted into cash. Prior to May 5, 2025, LDRX operated as the Chestnut Street Exchange Fund, a mutual fund, before its conversion into an ETF with an initial asset base of $166.93 million.
Key statistics
Expense ratio
0.5%
Assets (AUM)
$259.2M
Holdings
—
NAV
$37.34
Avg. volume
—
1-year price change
+15.61%
5-year price change
—
Price change excludes dividends.
Top 10 holdings
These 10 are 55.2% of the fund.
Where the money is invested
Countries
How to buy LDRX from India
Indian residents can buy LDRX 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 LDRX and buy
Find the fund by its ticker, LDRX, 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 LDRX from India
Trading and taxes when buying LDRX 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 LDRX price today?
SGI Enhanced Market Leaders ETF (LDRX) last traded at $36.87 on NASDAQ, as of 29 Sep 2026, 4:00 PM ET. That is ₹3,541 a unit at the 29 Sep 2026 USD/INR rate.
When does LDRX 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 LDRX, and what does it cost to hold?
SGI Enhanced Market Leaders ETF manages about $259.2M. Its expense ratio is 0.5% a year, deducted inside the fund. It launched in 2025.
What are LDRX's largest holdings?
The top three are NVIDIA Corp (11.2%), Apple Inc (10.2%) and Microsoft Corp (7.6%). LDRX's 10 largest positions make up 55.2% of the fund.
Does LDRX pay dividends?
Yes. LDRX 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 LDRX 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 LDRX?
Yes. You can buy LDRX by amount rather than by whole unit, and there is no minimum trade size.
How has LDRX performed?
LDRX's price is up 15.6% over the past year. These figures are price change only and exclude dividends; past performance does not guarantee future returns.