PGIM Nasdaq-100 Buffer 12 ETF - January
PGIM Nasdaq-100 Buffer 12 ETF - January (NASDAQ: PQJA) is an exchange-traded fund listed on NASDAQ, trading at $32.79 (about ₹3,143 a unit) as of 25 Sep 2026, 4:00 PM ET. It has an expense ratio of 0.5%. Indian residents can buy PQJA through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$32.79
Today's high
$32.80
52 week low
$27.66
52 week high
$32.80
PQJA opened at $32.80, closed previously at $32.73, and has traded between $27.66 and $32.80 over the past 52 weeks.
About
The PGIM Nasdaq-100 Buffer 12 ETF - January (PQJA) employs an options-based strategy to help moderate potential declines in the Invesco QQQ Trust (QQQ) over a distinct one-year period, which resets every January. This approach is designed to absorb the first 12% of QQQ's losses. However, this benefit comes at the cost of capping any potential upside participation beyond a specific, annually reset threshold. It's important to understand that the fund's protection does not cover QQQ's dividend component, as the underlying options are based on price performance, not total return. Should QQQ's value drop by more than 12%, PQJA will then experience corresponding losses on a one-to-one basis for the amount exceeding that buffer. For investors to realize the fund's intended benefits, shares must be held until the end of its defined outcome period. Those who invest at times other than the annual reset day might encounter different levels of protection and upside potential. The issuer actively publishes interim cap levels on its official website. Please note that the specified cap and buffer targets do not account for the fund's own expense ratio. This is an actively managed fund that exclusively utilizes FLEX options in its strategy.
Key statistics
Expense ratio
0.5%
Assets (AUM)
$33.7M
Holdings
—
NAV
$32.71
Avg. volume
—
1-year price change
+17.13%
5-year price change
—
Price change excludes dividends.
Top 8 holdings
These 8 are 100.0% of the fund.
How to buy PQJA from India
Indian residents can buy PQJA 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 PQJA and buy
Find the fund by its ticker, PQJA, 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 PQJA from India
Trading and taxes when buying PQJA 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 PQJA price today?
PGIM Nasdaq-100 Buffer 12 ETF - January (PQJA) last traded at $32.79 on NASDAQ, as of 25 Sep 2026, 4:00 PM ET. That is ₹3,143 a unit at the 26 Sep 2026 USD/INR rate.
When does PQJA 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 PQJA, and what does it cost to hold?
PGIM Nasdaq-100 Buffer 12 ETF - January manages about $33.7M. Its expense ratio is 0.5% a year, deducted inside the fund. It launched in 2024.
What are PQJA's largest holdings?
The top three are 4QQQ US 12/31/26 C6.14 (106.5%), 4QQQ US 12/31/26 P614.31 (0.7%) and (PIPA070) PGIM Core Government Money Market Fund (0.5%). PQJA's 8 largest positions make up 100.0% of the fund.
Does PQJA pay dividends?
Yes. PQJA 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 PQJA 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 PQJA?
Yes. You can buy PQJA by amount rather than by whole unit, and there is no minimum trade size.
How has PQJA performed?
PQJA's price is up 17.1% over the past year. These figures are price change only and exclude dividends; past performance does not guarantee future returns.