abrdn Ultra Short Municipal Income Active ETF
abrdn Ultra Short Municipal Active ETF (NASDAQ: AMUN) is an exchange-traded fund listed on NASDAQ, trading at $25.92 (about ₹2,497 a unit) as of 2 Oct 2026, 4:00 PM ET. It has an expense ratio of 0.74%. Indian residents can buy AMUN through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$25.85
Today's high
$25.99
52 week low
$25.80
52 week high
$26.30
AMUN opened at $25.99, closed previously at $25.93, and has traded between $25.80 and $26.30 over the past 52 weeks.
About
AMUN seeks high after-tax income by investing primarily in investment-grade, tax-exempt municipal securities. The fund maintains an ultra-short duration profile, typically two years or less, to help reduce interest rate sensitivity. The portfolio may include various types of municipal obligations such as general obligation and revenue bonds, variable- and floating-rate issues, and tender option bonds. Up to 20% of assets may be allocated to below-investment-grade securities, while the fund may also invest in taxable fixed income if market conditions warrant it. The adviser uses sector allocation, credit analysis, and duration management to evaluate opportunities and balance income potential with risk. ESG factors may be considered as part of the research process. The ETF launched through a mutual fund conversion. The abrdn Intermediate Municipal Income Fund converted to AMUN with $29.9 million in assets.
Key statistics
Expense ratio
0.74%
Assets (AUM)
$54.8M
Holdings
—
NAV
$25.91
Avg. volume
—
1-year price change
—
5-year price change
—
Price change excludes dividends.
Top 10 holdings
These 10 are 36.8% of the fund.
Where the money is invested
Countries
How to buy AMUN from India
Indian residents can buy AMUN 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 AMUN and buy
Find the fund by its ticker, AMUN, 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 AMUN from India
Trading and taxes when buying AMUN 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
- Taxable in IndiaGains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling.
- Dividends
- Slab rateIt pays the dividends from its holdings out to you in cash, and dividends are taxed at your slab rate 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 AMUN price today?
abrdn Ultra Short Municipal Active ETF (AMUN) last traded at $25.92 on NASDAQ, as of 2 Oct 2026, 4:00 PM ET. That is ₹2,497 a unit at the 2 Oct 2026 USD/INR rate.
When does AMUN 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 AMUN, and what does it cost to hold?
abrdn Ultra Short Municipal Active ETF manages about $54.8M. Its expense ratio is 0.74% a year, deducted inside the fund. It launched in 1986.
What are AMUN's largest holdings?
The top three are PENNSYLVANIA ST HGR EDUCTNL FA PASHGR 09/45 ADJUSTABLE VAR (4.2%), JP MORGAN CHASE PUTTERS/DRIVER JPM 03/27 ADJUSTABLE VAR (4.0%) and CUMBERLAND CNTY NC INDL FACS CUMPOL 12/27 ADJUSTABLE VAR (3.7%). AMUN's 10 largest positions make up 36.8% of the fund.
Does AMUN pay dividends?
Yes. AMUN is a distributing fund and pays the dividends from its holdings out in cash. In India they are taxed at your slab rate.
How are gains on AMUN taxed in India?
Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling.
Can I buy fractional units of AMUN?
Yes. You can buy AMUN by amount rather than by whole unit, and there is no minimum trade size.