iShares Short-Term California Muni Active ETF
iShares Short-Term California Muni Active ETF (NASDAQ: CALI) is an exchange-traded fund listed on NASDAQ, trading at $50.17 (about ₹4,731 a unit) as of 13 Nov 2026, 4:00 PM ET. It has an expense ratio of 0.25% and holds 177 securities. Indian residents can buy CALI through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$50.11
Today's high
$50.18
52 week low
$49.66
52 week high
$51.39
CALI opened at $50.17, closed previously at $50.17, and has traded between $49.66 and $51.39 over the past 52 weeks.
About
This ETF aims to generate the highest possible tax-exempt income with an immediate focus. It achieves this by allocating its investments to municipal debt securities with short maturities, specifically those originating from the State of California.
Key statistics
Expense ratio
0.25%
Assets (AUM)
$699.3M
Holdings
177
NAV
$50.13
Avg. volume
186.95K
1-year price change
-0.71%
5-year price change
—
Price change excludes dividends.
Top 10 holdings
CALI holds 177 securities in total. These 10 are 19.0% of the fund.
Where the money is invested
Sectors
Countries
How to buy CALI from India
Indian residents can buy CALI units through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers. Read the full guide: how to invest in CALI from India
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 CALI and buy
Find the fund by its ticker, CALI, on NASDAQ, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Track holdings and download tax reports
Follow your CALI position in USD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Trading and taxes when buying CALI 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
FAQs
What is the CALI price today?
iShares Short-Term California Muni Active ETF (CALI) last traded at $50.17 on NASDAQ, as of 13 Nov 2026, 4:00 PM ET. That is ₹4,731 a unit at the 13 Nov 2026 USD/INR rate.
When does CALI trade, in Indian time?
NASDAQ trades 8:00 pm – 2:30 am IST, so the close lands after midnight. The window shifts to 7:00 pm – 1:30 am IST when the US is on daylight time. Orders can only execute during that window.
How big is CALI, and what does it cost to hold?
iShares Short-Term California Muni Active ETF manages about $699.3M. Its expense ratio is 0.25% a year, deducted inside the fund. It launched in 2023.
What are CALI's largest holdings?
The top three are EASTERN CALIF MUN WTR DIST WTR 07/01/2046 (2.7%), IRVINE RANCH CALIF WTR DIST 02/01/2056 (2.3%) and MODESTO CALIF WTR REV CTFS PAR 10/01/2036 (1.9%). CALI's 10 largest positions make up 19.0% of the fund.
Does CALI pay dividends?
Yes. CALI 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 CALI 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 CALI?
Yes. You can buy CALI by amount rather than by whole unit, and there is no minimum trade size.
How has CALI performed?
CALI's price is down 0.7% over the past year. These figures are price change only and exclude dividends; past performance does not guarantee future returns.