NYSE Arca · ETF
Invest in CAGE ETF from India
Indian and foreign residents can buy Calamos Autocallable Growth ETF (CAGE) units directly through Paasa.
By Paasa · Updated
CAGE at a glance
- Price
- $28.62-$0.13 (0.45%)
- Expense ratio
- 0.74%
- Day range
- $28.62 – $29.14
- Assets
- $162.4M
- Domicile
- the US
- Holdings
- —
- Launched
- 2026
- Dividends
- —
Top 5 holdings
- 1TRS RECEIVE MQAUTOCG: MerQube US Large-Cap Vol Adv AUTOCALL GROWTH IDX PAY US SOFR Rate +10bps - JPM51.0%
- 2Calamos Tax-Aware Collateral ETF40.5%
- 3United States Treasury Bill8.6%
- 4US DOLLAR0.4%
- 5NET OTHER ASSETS—
These 5 are 100.0% of the fund.
Where the money is invested
Countries
- Other50.9%
- United States49.1%
How to invest in CAGE from India
Step 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.
Step 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.
Step 3
Search CAGE and buy
Find the fund by its ticker, CAGE, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Why invest in CAGE from India
What CAGE holds
Calamos Autocallable Growth ETF is the world's first Autocallable Growth ETF, and seeks to generate amplified long-term capital appreciation via synthetic exposure to a laddered portfolio of long-dated autocallable growth options, delivered via exposure to the MerQube US Large-Cap Vol Advantage Autocallable Growth Index (MQAUTOCG).
Hold a dollar asset
CAGE is priced in US dollars, so a weaker rupee adds to what it's worth in rupees. The rupee depreciated over 85% against the dollar between 2010 and 2025.
Buy a fraction of a unit
Buy by amount, not by unit, and get the matching fraction of one CAGE unit. There is no minimum trade size.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Planning to hold more than $60,000 in US ETFs? Here's what US estate tax means for you.
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family.
A UCITS ETF tracking a similar market sits outside US estate tax.
Frequently asked questions
Can I buy CAGE from India?
Yes. Indian residents can buy Calamos Autocallable Growth ETF (CAGE) through Paasa. It is listed on NYSE Arca and trades in US dollars. Your money leaves India under the RBI's Liberalised Remittance Scheme, and the units are held in your own name at Interactive Brokers.
What does CAGE invest in?
Its largest holdings are TRS RECEIVE MQAUTOCG: MerQube US Large-Cap Vol Adv AUTOCALL GROWTH IDX PAY US SOFR Rate +10bps - JPM (51.0%), Calamos Tax-Aware Collateral ETF (40.5%) and United States Treasury Bill (8.6%). The fund is domiciled in the US.
What is the expense ratio of CAGE?
Calamos Autocallable Growth ETF has an expense ratio of 0.74% a year, taken from the fund's assets rather than billed to you. The fund manages about $162.4M.
What tax do I pay in India when I sell CAGE?
The US does not levy capital gains tax on shares for Indian residents. In India, gains on foreign ETF units held for more than 24 months are long-term and taxed at 12.5% without indexation, and gains on units held for 24 months or less are short-term and taxed at your income-tax slab rate. Both are worked out in rupees at the USD/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.
Can I buy a fraction of one CAGE unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $28.62, and there is no minimum trade size.
What happens to my CAGE units if I pass away?
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family. A UCITS ETF tracking a similar market sits outside US estate tax. Paasa's US estate tax calculator shows the exposure for a given portfolio value.