Paasa Logo
SGI Enhanced Nasdaq 100 ETF logo
QXQNASDAQMarket closedOpens 9:30am ET

SGI Enhanced Nasdaq 100 ETF

$33.17Last updated
+$0.14 (0.42%)Past day
Timezone

SGI Enhanced Nasdaq 100 ETF (NASDAQ: QXQ) is an exchange-traded fund listed on NASDAQ, trading at $33.17 (about ₹3,181 a unit) as of 25 Sep 2026, 4:00 PM ET. It has an expense ratio of 0.98%. Indian residents can buy QXQ through Paasa under the RBI's Liberalised Remittance Scheme.

Quote

Open:$33.00
Previous close:$33.03
Volume:6.27K

Today's low

$33.00

Today's high

$33.23

52 week low

$24.75

52 week high

$33.35

QXQ opened at $33.00, closed previously at $33.03, and has traded between $24.75 and $33.35 over the past 52 weeks.

About

QXQ operates as an actively managed fund with the dual objective of fostering capital growth and generating consistent income. It achieves this by maintaining a dynamic portfolio primarily composed of Nasdaq-100 constituent stocks and employing a strategic options selling approach. The fund's investments can span various instruments, including direct equity holdings, options contracts, or exchange-traded funds designed to mirror the performance of the Nasdaq-100 Index. Its equity allocations may encompass a diverse range of securities, such as common and preferred shares, warrants, convertible instruments, futures, forwards, and other options. To secure a higher yield than conventional option-based strategies, QXQ primarily focuses on issuing short-term options. These short-duration options are typically more effective at generating income over a specific timeframe compared to their longer-dated counterparts. The put-and-call options strategy involves selecting strike prices that are significantly out-of-the-money and possess very brief expiration periods, generally ranging from one to seven days. This selection process often leverages insights derived from the S&P 500 Index or other broad market benchmarks. A potential drawback of this strategy, however, is that it may restrict the fund's ability to fully capitalize on substantial gains if the underlying assets experience significant appreciation. Furthermore, the fund has the capacity to utilize short-term U.S. Treasury securities as collateral and may participate in securities lending activities.

Issuer
Summit Global Investments
Exchange listed on
NASDAQ
Asset class
Equity
Base currency
USD
Domicile
United States
Dividends
Distributing
Launched
2024
ISIN
US74933W2391

Key statistics

Expense ratio

0.98%

Assets (AUM)

$85.4M

Holdings

—

NAV

$32.99

Avg. volume

—

1-year price change

+7.79%

5-year price change

—

Price change excludes dividends.

Top 10 holdings

1. NASDAQ 100 E-MINI Dec26
49.5%
2. United States Treasury Bill
29.2%
3. Cash & Other
13.7%
4. Vanguard Treasury Money Market Fund
2.5%
5. Vanguard Federal Money Market Fund
2.5%
6. Invesco QQQ Trust Series 1
1.3%
7. First American Government Obligations Fund
0.6%
8. North Capital Treasury Money Market Fund
0.6%
9. PIMCO Government Money Market Fund
0.1%
10. Fidelity Government Cash Reserves
0.1%

These 10 are 100.1% of the fund.

Where the money is invested

Sectors

Technology
57.9%
Communication Services
13.5%
Consumer Cyclical
11.2%
Consumer Defensive
6.6%
Industrials
4.0%
Healthcare
3.8%

How to buy QXQ from India

Indian residents can buy QXQ 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.

  1. 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.

  2. 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.

  3. Search QXQ and buy

    Find the fund by its ticker, QXQ, 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 QXQ from India

Trading and taxes when buying QXQ 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 QXQ price today?

SGI Enhanced Nasdaq 100 ETF (QXQ) last traded at $33.17 on NASDAQ, as of 25 Sep 2026, 4:00 PM ET. That is ₹3,181 a unit at the 25 Sep 2026 USD/INR rate.

When does QXQ 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 QXQ, and what does it cost to hold?

SGI Enhanced Nasdaq 100 ETF manages about $85.4M. Its expense ratio is 0.98% a year, deducted inside the fund. It launched in 2024.

What are QXQ's largest holdings?

The top three are NASDAQ 100 E-MINI Dec26 (49.5%), United States Treasury Bill (29.2%) and Cash & Other (13.7%). QXQ's 10 largest positions make up 100.1% of the fund.

Does QXQ pay dividends?

Yes. QXQ 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 QXQ 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 QXQ?

Yes. You can buy QXQ by amount rather than by whole unit, and there is no minimum trade size.

How has QXQ performed?

QXQ's price is up 7.8% over the past year. These figures are price change only and exclude dividends; past performance does not guarantee future returns.