Avantis Core Municipal Fixed Income ETF
Avantis Core Municipal Fixed ETF (AMEX: AVMU) is an exchange-traded fund listed on NYSE Arca, trading at $42.79 (about ₹4,104 a unit) as of 25 Sep 2026, 3:59 PM ET. It has an expense ratio of 0.15% and holds 544 securities. Indian residents can buy AVMU through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$42.72
Today's high
$43.06
52 week low
$42.72
52 week high
$47.14
AVMU opened at $43.03, closed previously at $43.00, and has traded between $42.72 and $47.14 over the past 52 weeks.
About
This fund primarily invests in a diverse selection of high-quality municipal bonds. While designed to offer indexing advantages like broad diversification, controlled portfolio adjustments, and clear exposure, it also employs active management. This strategic approach aims to generate added value by making investment decisions based on current yield opportunities. The ETF benefits from optimized portfolio management and trading operations, structured to enhance returns while diligently minimizing unneeded risks and trading expenses. It is crafted to integrate smoothly into an investor's broader asset allocation strategy.
Key statistics
Expense ratio
0.15%
Assets (AUM)
$163.3M
Holdings
544
NAV
$42.96
Avg. volume
—
1-year price change
-5.95%
5-year price change
-14.55%
Price change excludes dividends.
Top 10 holdings
AVMU holds 544 securities in total. These 10 are 12.1% of the fund.
Where the money is invested
Countries
How to buy AVMU from India
Indian residents can buy AVMU 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 AVMU and buy
Find the fund by its ticker, AVMU, 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 AVMU from India
Trading and taxes when buying AVMU 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 AVMU price today?
Avantis Core Municipal Fixed ETF (AVMU) last traded at $42.79 on NYSE Arca, as of 25 Sep 2026, 3:59 PM ET. That is ₹4,104 a unit at the 25 Sep 2026 USD/INR rate.
When does AVMU 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 AVMU, and what does it cost to hold?
Avantis Core Municipal Fixed ETF manages about $163.3M. Its expense ratio is 0.15% a year, deducted inside the fund. It launched in 2020.
What are AVMU's largest holdings?
The top three are SAN ANTONIO TX PUB FACS CORP L SANFAC 09/42 FIXED OID 4 (2.1%), JOBSOHIO BEVERAGE SYS STWD LIQ JOBGEN 01/36 FIXED 5 (1.7%) and MIAMI BEACH FL RESORT TAX REVE MMBGEN 09/40 FIXED 5 (1.5%). AVMU's 10 largest positions make up 12.1% of the fund.
Does AVMU pay dividends?
Yes. AVMU 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 AVMU 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 AVMU?
Yes. You can buy AVMU by amount rather than by whole unit, and there is no minimum trade size.
How has AVMU performed?
AVMU's price is down 5.9% over the past year and down 14.5% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.