Franklin New York Municipal Income ETF
Franklin New York Municipal ETF (AMEX: FTNY) is an exchange-traded fund listed on NYSE Arca, trading at $7.30 (about ₹700 a unit) as of 28 Sep 2026, 1:11 PM ET. It has an expense ratio of 0.37% and holds 274 securities. Indian residents can buy FTNY through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$7.29
Today's high
$7.37
52 week low
$7.28
52 week high
$8.03
FTNY opened at $7.35, closed previously at $7.37, and has traded between $7.28 and $8.03 over the past 52 weeks.
About
This fund is structured to provide investors with a substantial and consistent income stream, which is free from both federal and New York state personal income taxes. Its core objective is to maximize these tax-exempt earnings while diligently safeguarding the initial capital invested.
Key statistics
Expense ratio
0.37%
Assets (AUM)
$568.4M
Holdings
274
NAV
$7.37
Avg. volume
—
1-year price change
—
5-year price change
—
Price change excludes dividends.
Top 10 holdings
FTNY holds 274 securities in total. These 10 are 18.7% of the fund.
How to buy FTNY from India
Indian residents can buy FTNY 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 FTNY and buy
Find the fund by its ticker, FTNY, 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 FTNY from India
Trading and taxes when buying FTNY 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 FTNY price today?
Franklin New York Municipal ETF (FTNY) last traded at $7.30 on NYSE Arca, as of 28 Sep 2026, 1:11 PM ET. That is ₹700 a unit at the 27 Sep 2026 USD/INR rate.
When does FTNY 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 FTNY, and what does it cost to hold?
Franklin New York Municipal ETF manages about $568.4M. Its expense ratio is 0.37% a year, deducted inside the fund. It launched in 1983.
What are FTNY's largest holdings?
The top three are NEW YORK LIBERTY D 3 9/43 (3.0%), NY LIBERTY DEV CO 5 11/44 (2.4%) and NYC TRANSITIONA 5.5 11/45 (1.8%). FTNY's 10 largest positions make up 18.7% of the fund.
Does FTNY pay dividends?
Yes. FTNY 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 FTNY 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 FTNY?
Yes. You can buy FTNY by amount rather than by whole unit, and there is no minimum trade size.