JPMorgan California Tax Free Bond ETF
JPMorgan California Tax Free Bond ETF (AMEX: JCAL) is an exchange-traded fund listed on NYSE Arca, trading at $47.56 (about ₹4,560 a unit) as of 25 Sep 2026, 3:58 PM ET. It has an expense ratio of 0.34% and holds 309 securities. Indian residents can buy JCAL through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$47.48
Today's high
$47.70
52 week low
$47.48
52 week high
$50.47
JCAL opened at $47.70, closed previously at $47.78, and has traded between $47.48 and $50.47 over the past 52 weeks.
About
The Fund seeks to provide high after-tax total return for California residents consistent with moderate risk of capital
Key statistics
Expense ratio
0.34%
Assets (AUM)
$483.3M
Holdings
309
NAV
$47.45
Avg. volume
—
1-year price change
—
5-year price change
—
Price change excludes dividends.
Top 10 holdings
JCAL holds 309 securities in total. These 10 are 14.1% of the fund.
Where the money is invested
Countries
How to buy JCAL from India
Indian residents can buy JCAL 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 JCAL and buy
Find the fund by its ticker, JCAL, 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 JCAL from India
Trading and taxes when buying JCAL 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 JCAL price today?
JPMorgan California Tax Free Bond ETF (JCAL) last traded at $47.56 on NYSE Arca, as of 25 Sep 2026, 3:58 PM ET. That is ₹4,560 a unit at the 26 Sep 2026 USD/INR rate.
When does JCAL 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 JCAL, and what does it cost to hold?
JPMorgan California Tax Free Bond ETF manages about $483.3M. Its expense ratio is 0.34% a year, deducted inside the fund. It launched in 2016.
What are JCAL's largest holdings?
The top three are JPMI TAX FREE MMKTF IM (3.3%), BAY AREA TOLL VAR 04/59 (2.1%) and BAY AREA TOLL VAR 04/59 (1.8%). JCAL's 10 largest positions make up 14.1% of the fund.
Does JCAL pay dividends?
Yes. JCAL 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 JCAL 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 JCAL?
Yes. You can buy JCAL by amount rather than by whole unit, and there is no minimum trade size.