iShares Government Money Market ETF
iShares Government Money Market ETF (NYSE: GMMF) is an exchange-traded fund listed on the New York Stock Exchange, trading at $100.28 (about ₹9,455 a unit) as of 13 Nov 2026, 3:59 PM ET. It has an expense ratio of 0.2% and holds 47 securities. Indian residents can buy GMMF through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$100.27
Today's high
$100.28
52 week low
$100.10
52 week high
$100.52
GMMF opened at $100.27, closed previously at $100.27, and has traded between $100.10 and $100.52 over the past 52 weeks.
About
This iShares exchange-traded fund (ETF) aims to generate ongoing income for investors, while simultaneously prioritizing the easy accessibility of funds and the protection of their initial investment.
Key statistics
Expense ratio
0.2%
Assets (AUM)
$192.5M
Holdings
47
NAV
$100.28
Avg. volume
21.05K
1-year price change
-0.07%
5-year price change
—
Price change excludes dividends.
Top 10 holdings
GMMF holds 47 securities in total. These 10 are 51.4% of the fund.
Where the money is invested
Sectors
Countries
Similar funds
This is not an investment recommendation
How to buy GMMF from India
Indian residents can buy GMMF 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 GMMF 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 GMMF and buy
Find the fund by its ticker, GMMF, on the New York Stock Exchange, 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 GMMF 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 GMMF 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 GMMF price today?
iShares Government Money Market ETF (GMMF) last traded at $100.28 on the New York Stock Exchange, as of 13 Nov 2026, 3:59 PM ET. That is ₹9,455 a unit at the 13 Nov 2026 USD/INR rate.
When does GMMF trade, in Indian time?
The New York Stock Exchange 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 GMMF, and what does it cost to hold?
iShares Government Money Market ETF manages about $192.5M. Its expense ratio is 0.2% a year, deducted inside the fund. It launched in 2025.
What are GMMF's largest holdings?
The top three are TREASURY BILL (8.6%), TREASURY BILL (8.5%) and TREASURY BILL (7.9%). GMMF's 10 largest positions make up 51.4% of the fund.
Does GMMF pay dividends?
Yes. GMMF 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 GMMF 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 GMMF?
Yes. You can buy GMMF by amount rather than by whole unit, and there is no minimum trade size.
How has GMMF performed?
GMMF's price is down 0.1% over the past year. These figures are price change only and exclude dividends; past performance does not guarantee future returns.