iShares California Muni Bond ETF
iShares California Muni Bond ETF (AMEX: CMF) is an exchange-traded fund listed on NYSE Arca, trading at $54.15 (about ₹5,246 a unit) as of 9 Oct 2026, 4:00 PM ET. It has an expense ratio of 0.08% and holds 1,811 securities. Indian residents can buy CMF through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$54.01
Today's high
$54.29
52 week low
$53.62
52 week high
$58.44
CMF opened at $54.11, closed previously at $54.00, and has traded between $53.62 and $58.44 over the past 52 weeks.
About
The iShares California Muni Bond ETF is designed to mirror the financial performance of an underlying index. This index consists of highly-rated municipal debt securities that have been issued by various entities within the state of California.
Key statistics
Expense ratio
0.08%
Assets (AUM)
$4.9B
Holdings
1,811
NAV
$53.72
Avg. volume
—
1-year price change
-5.33%
5-year price change
-12.56%
Price change excludes dividends.
Top 10 holdings
CMF holds 1,811 securities in total. These 10 are 4.5% of the fund.
Where the money is invested
Sectors
Countries
How to buy CMF from India
Indian residents can buy CMF 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 CMF 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 CMF and buy
Find the fund by its ticker, CMF, on NYSE Arca, 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 CMF 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 CMF 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 CMF price today?
iShares California Muni Bond ETF (CMF) last traded at $54.15 on NYSE Arca, as of 9 Oct 2026, 4:00 PM ET. That is ₹5,246 a unit at the 9 Oct 2026 USD/INR rate.
When does CMF 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 CMF, and what does it cost to hold?
iShares California Muni Bond ETF manages about $4.9B. Its expense ratio is 0.08% a year, deducted inside the fund. It launched in 2007.
What are CMF's largest holdings?
The top three are LOS ANGELES CALIF UNI SCH DIST 5.00% 07/01/2034 (0.6%), BAY AREA TOLL AUTH CALIF TOLL 04/01/2059 (0.6%) and IRVINE RANCH CALIF WTR DIST 02/01/2056 (0.5%). CMF's 10 largest positions make up 4.5% of the fund.
Does CMF pay dividends?
Yes. CMF 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 CMF 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 CMF?
Yes. You can buy CMF by amount rather than by whole unit, and there is no minimum trade size.
How has CMF performed?
CMF's price is down 5.3% over the past year and down 12.6% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.