iShares Morningstar Mid-Cap Value ETF
iShares Morningstar Mid- Value ETF (NASDAQ: IMCV) is an exchange-traded fund listed on NASDAQ, trading at $92.94 (about ₹8,924 a unit) as of 25 Sep 2026, 10:51 AM ET. It has an expense ratio of 0.06% and holds 268 securities. Indian residents can buy IMCV through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$92.66
Today's high
$93.09
52 week low
$77.65
52 week high
$99.01
IMCV opened at $92.90, closed previously at $92.93, and has traded between $77.65 and $99.01 over the past 52 weeks.
About
The iShares Morningstar Mid-Cap Value ETF is designed to replicate the investment performance of a specific benchmark. This index is composed of medium-sized U.S. companies that are identified by their inherent value characteristics.
Key statistics
Expense ratio
0.06%
Assets (AUM)
$1.1B
Holdings
268
NAV
$93.96
Avg. volume
—
1-year price change
+16.47%
5-year price change
+43.45%
Price change excludes dividends.
Top 10 holdings
IMCV holds 268 securities in total. These 10 are 13.2% of the fund.
Where the money is invested
Sectors
Countries
Similar funds
This is not an investment recommendation
How to buy IMCV from India
Indian residents can buy IMCV 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 IMCV and buy
Find the fund by its ticker, IMCV, on NASDAQ, 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 IMCV from India
Trading and taxes when buying IMCV 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
- 12.5% or slab rateGains on foreign ETF units held for more than 24 months are long-term and taxed at 12.5% without indexation. Gains on units held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- ReinvestedDividends from its holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
- 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 IMCV price today?
iShares Morningstar Mid- Value ETF (IMCV) last traded at $92.94 on NASDAQ, as of 25 Sep 2026, 10:51 AM ET. That is ₹8,924 a unit at the 24 Sep 2026 USD/INR rate.
When does IMCV trade, in Indian time?
NASDAQ 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 IMCV, and what does it cost to hold?
iShares Morningstar Mid- Value ETF manages about $1.1B. Its expense ratio is 0.06% a year, deducted inside the fund. It launched in 2004.
What are IMCV's largest holdings?
The top three are VALERO ENERGY CORP (1.7%), PHILLIPS 66 (1.5%) and AUTOMATIC DATA PROCESSING INC (1.5%). IMCV's 10 largest positions make up 13.2% of the fund.
Does IMCV pay dividends?
No. IMCV is an accumulating fund: dividends from its holdings are reinvested inside the fund, so nothing is paid out to you.
How are gains on IMCV taxed in India?
Units held for more than 24 months are long-term and taxed at 12.5% without indexation; units held for 24 months or less are taxed at your income-tax slab rate. The gain is worked out in rupees, so the currency move counts.
Can I buy fractional units of IMCV?
Yes. You can buy IMCV by amount rather than by whole unit, and there is no minimum trade size.
How has IMCV performed?
IMCV's price is up 16.5% over the past year and up 43.4% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.