Dimensional - California Municipal Bond ETF
Dimensional - California Municipal Bond ETF (AMEX: DFCA) is an exchange-traded fund listed on NYSE Arca, trading at $47.60 (about ₹4,591 a unit) as of 7 Oct 2026, 12:08 PM ET. It has an expense ratio of 0.19% and holds 324 securities. Indian residents can buy DFCA through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$47.53
Today's high
$47.73
52 week low
$47.30
52 week high
$50.78
DFCA opened at $47.53, closed previously at $47.78, and has traded between $47.30 and $50.78 over the past 52 weeks.
About
This fund aims to achieve its investment objective by primarily investing in high-quality municipal debt. The income generated from these holdings is exempt from both regular federal income tax and California's state personal income tax. Additionally, the portfolio may employ exchange-traded funds (ETFs) to secure exposure to the municipal bond market during periods when direct investments in municipal bonds are awaiting acquisition.
Key statistics
Expense ratio
0.19%
Assets (AUM)
$538.2M
Holdings
324
NAV
$47.84
Avg. volume
—
1-year price change
-4.58%
5-year price change
—
Price change excludes dividends.
Top 10 holdings
DFCA holds 324 securities in total. These 10 are 13.8% of the fund.
Where the money is invested
Countries
How to buy DFCA from India
Indian residents can buy DFCA 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 DFCA 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 DFCA and buy
Find the fund by its ticker, DFCA, 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 DFCA 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 DFCA 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 DFCA price today?
Dimensional - California Municipal Bond ETF (DFCA) last traded at $47.60 on NYSE Arca, as of 7 Oct 2026, 12:08 PM ET. That is ₹4,591 a unit at the 6 Oct 2026 USD/INR rate.
When does DFCA 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 DFCA, and what does it cost to hold?
Dimensional - California Municipal Bond ETF manages about $538.2M. Its expense ratio is 0.19% a year, deducted inside the fund. It launched in 2023.
What are DFCA's largest holdings?
The top three are CASH AND CASH EQUIVALENTS (2.3%), CALIFORNI 5.% 04/01/35 (2.1%) and LOS ANG 5% 06/30/27 (1.6%). DFCA's 10 largest positions make up 13.8% of the fund.
Does DFCA pay dividends?
Yes. DFCA 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 DFCA 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 DFCA?
Yes. You can buy DFCA by amount rather than by whole unit, and there is no minimum trade size.
How has DFCA performed?
DFCA's price is down 4.6% over the past year. These figures are price change only and exclude dividends; past performance does not guarantee future returns.