Zega Buy & Hedge ETF
Zega Buy & Hedge ETF (AMEX: ZHDG) is an exchange-traded fund listed on NYSE Arca, trading at $24.02 (about ₹2,308 a unit) as of 28 Sep 2026, 3:01 PM ET. It has an expense ratio of 0.95%. Indian residents can buy ZHDG through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$23.95
Today's high
$24.05
52 week low
$20.85
52 week high
$24.49
ZHDG opened at $23.95, closed previously at $24.08, and has traded between $20.85 and $24.49 over the past 52 weeks.
About
The Zega Buy & Hedge ETF (ZHDG) employs a multi-faceted investment approach, allocating capital across a blend of options, alongside fixed-income instruments, and other income-generating assets, such as preferred stock. These investments can be made directly or indirectly via exchange-traded funds (ETFs) and other pooled investment vehicles. Its sub-adviser specifically targets exposure to the performance of the U.S. large-cap equity market, typically benchmarked against the S&P 500 Index. This is accomplished through the use of various call options, including index call options, call options on the SPDR S&P 500 ETF Trust (SPY) or similar S&P 500-tracking ETFs, and Flexible EXchange® (FLEX) Options. Notably, this fund operates on a non-diversified basis.
Key statistics
Expense ratio
0.95%
Assets (AUM)
$31.4M
Holdings
—
NAV
$24.12
Avg. volume
—
1-year price change
+6.38%
5-year price change
+20.10%
Price change excludes dividends.
Top 10 holdings
These 10 are 99.6% of the fund.
Where the money is invested
Sectors
Countries
How to buy ZHDG from India
Indian residents can buy ZHDG 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 ZHDG and buy
Find the fund by its ticker, ZHDG, 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 ZHDG from India
Trading and taxes when buying ZHDG 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 ZHDG price today?
Zega Buy & Hedge ETF (ZHDG) last traded at $24.02 on NYSE Arca, as of 28 Sep 2026, 3:01 PM ET. That is ₹2,308 a unit at the 28 Sep 2026 USD/INR rate.
When does ZHDG 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 ZHDG, and what does it cost to hold?
Zega Buy & Hedge ETF manages about $31.4M. Its expense ratio is 0.95% a year, deducted inside the fund. It launched in 2021.
What are ZHDG's largest holdings?
The top three are SPY 12/31/2026 220.01 C (72.3%), United States Treasury Bill 07/09/2026 (8.0%) and United States Treasury Bill 02/19/2026 (7.6%). ZHDG's 10 largest positions make up 99.6% of the fund.
Does ZHDG pay dividends?
Yes. ZHDG 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 ZHDG 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 ZHDG?
Yes. You can buy ZHDG by amount rather than by whole unit, and there is no minimum trade size.
How has ZHDG performed?
ZHDG's price is up 6.4% over the past year and up 20.1% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.