NYSE Arca · ETF
Invest in CCEF ETF from India
Indian and foreign residents can buy Calamos CEF & Arbitrage ETF (CCEF) units directly through Paasa.
By Paasa · Updated
CCEF at a glance
- Price
- $28.64+$0.04 (0.14%)
- Expense ratio
- 0.74%
- Day range
- $28.59 – $28.64
- Assets
- $34.3M
- Domicile
- the US
- Holdings
- 46
- Launched
- 2024
- Dividends
- Distributing
- 1 month
- -4.95%
- 6 months
- +3.77%
- YTD
- -0.80%
- 1 year
- -0.76%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1Eaton Vance Tax Managed Global Buy Write Opportunities FundETW4.2%
- 2Virtus Equity & Convertible Income FundNIE4.0%
- 3BlackRock Health Sciences Term TrustBMEZ3.9%
- 4Adams Natural Resources Fund, Inc.PEO3.7%
- 5Bexil Investment TrustDNIF3.6%
- 6US DOLLAR3.5%
- 7BlackRock Enhanced International Dividend TrustBGY3.0%
- 8John Hancock Premium Dividend FundPDT2.9%
- 9ClearBridge Energy Midstream Opportunity Fund, Inc.EMO2.8%
- 10Templeton Emerging Markets Fund/United StatesEMF2.8%
CCEF holds 46 securities in total. These 10 are 34.4% of the fund.
Where the money is invested
Sectors
- Financial Services31.2%
- Energy17.5%
- Technology17.3%
- Industrials6.8%
- Consumer Cyclical4.9%
- Utilities4.4%
Countries
- United States94.7%
- Other4.3%
- Mexico1.0%
How to invest in CCEF 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 CCEF and buy
Find the fund by its ticker, CCEF, 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 CCEF from India
What CCEF holds
The Calamos CEF Income & Arbitrage ETF (CCEF) strives to provide investors with a significant recurring income stream on a monthly basis, combined with opportunities for long-term capital growth. It achieves this objective by strategically allocating its assets to closed-end funds that generate income and are available for purchase at appealing valuations below their intrinsic worth.
Hold a dollar asset
CCEF 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 CCEF 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 CCEF from India?
Yes. Indian residents can buy Calamos CEF & Arbitrage ETF (CCEF) 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 CCEF invest in?
Calamos CEF & Arbitrage ETF holds 46 securities. Its largest holdings are Eaton Vance Tax Managed Global Buy Write Opportunities Fund (4.2%), Virtus Equity & Convertible Income Fund (4.0%) and BlackRock Health Sciences Term Trust (3.9%). Financial Services is its largest sector at 31.2%. It is a distributing fund domiciled in the US.
What is the expense ratio of CCEF?
Calamos CEF & Arbitrage 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 $34.3M.
How are CCEF dividends taxed in India?
Calamos CEF & Arbitrage ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. 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. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
What tax do I pay in India when I sell CCEF?
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 CCEF unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $28.64, and there is no minimum trade size.
What happens to my CCEF 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.