Franklin Municipal Income ETF
Franklin Municipal ETF (AMEX: FTMU) is an exchange-traded fund listed on NYSE Arca, trading at $7.27 (about ₹698 a unit) as of 29 Sep 2026, 4:00 PM ET. It has an expense ratio of 0.3% and holds 264 securities. Indian residents can buy FTMU through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$7.25
Today's high
$7.31
52 week low
$7.25
52 week high
$8.00
FTMU opened at $7.31, closed previously at $7.31, and has traded between $7.25 and $8.00 over the past 52 weeks.
About
The fund's main goal is to deliver significant ongoing income that is exempt from federal taxation, all while safeguarding the original investment.
Key statistics
Expense ratio
0.3%
Assets (AUM)
$425.4M
Holdings
264
NAV
$7.27
Avg. volume
—
1-year price change
—
5-year price change
—
Price change excludes dividends.
Top 10 holdings
FTMU holds 264 securities in total. These 10 are 15.6% of the fund.
Similar funds
This is not an investment recommendation
How to buy FTMU from India
Indian residents can buy FTMU 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 FTMU and buy
Find the fund by its ticker, FTMU, 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 FTMU from India
Trading and taxes when buying FTMU 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 FTMU price today?
Franklin Municipal ETF (FTMU) last traded at $7.27 on NYSE Arca, as of 29 Sep 2026, 4:00 PM ET. That is ₹698 a unit at the 29 Sep 2026 USD/INR rate.
When does FTMU 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 FTMU, and what does it cost to hold?
Franklin Municipal ETF manages about $425.4M. Its expense ratio is 0.3% a year, deducted inside the fund. It launched in 1976.
What are FTMU's largest holdings?
The top three are PUTNAM GOVT MMKT FND-P (3.8%), NY ST URBAN DEV-A 5 3/44 (2.2%) and MET WA ARPTS-CABS 0 10/37 (1.4%). FTMU's 10 largest positions make up 15.6% of the fund.
Does FTMU pay dividends?
Yes. FTMU 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 FTMU 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 FTMU?
Yes. You can buy FTMU by amount rather than by whole unit, and there is no minimum trade size.