iShares Long-Term National Muni Bond ETF
iShares Long-Term National Muni Bond ETF (AMEX: LMUB) is an exchange-traded fund listed on NYSE Arca, trading at $46.39 (about ₹4,494 a unit) as of 9 Oct 2026, 4:00 PM ET. It has an expense ratio of 0.09% and holds 975 securities. Indian residents can buy LMUB through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$46.34
Today's high
$46.51
52 week low
$45.81
52 week high
$53.52
LMUB opened at $46.42, closed previously at $46.14, and has traded between $45.81 and $53.52 over the past 52 weeks.
About
The iShares Long-Term National Muni Bond ETF (LMUB) endeavors to match the returns of a particular market index. This benchmark exclusively holds high-quality, U.S.-issued municipal bonds. To be included, these bonds must possess remaining maturities of at least twelve years.
Key statistics
Expense ratio
0.09%
Assets (AUM)
$1.6B
Holdings
975
NAV
$45.94
Avg. volume
—
1-year price change
-7.57%
5-year price change
—
Price change excludes dividends.
Top 10 holdings
LMUB holds 975 securities in total. These 10 are 9.2% of the fund.
Where the money is invested
Countries
How to buy LMUB from India
Indian residents can buy LMUB 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 LMUB 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 LMUB and buy
Find the fund by its ticker, LMUB, on NYSE Arca, 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 LMUB 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 LMUB 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 LMUB price today?
iShares Long-Term National Muni Bond ETF (LMUB) last traded at $46.39 on NYSE Arca, as of 9 Oct 2026, 4:00 PM ET. That is ₹4,494 a unit at the 9 Oct 2026 USD/INR rate.
When does LMUB 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 LMUB, and what does it cost to hold?
iShares Long-Term National Muni Bond ETF manages about $1.6B. Its expense ratio is 0.09% a year, deducted inside the fund. It launched in 2025.
What are LMUB's largest holdings?
The top three are BLACKROCK LIQ MUNICASH CL INS MMF (3.8%), USD CASH (1.3%) and MASSACHUSETTS ST 5.00% 07/01/2045 (0.6%). LMUB's 10 largest positions make up 9.2% of the fund.
Does LMUB pay dividends?
Yes. LMUB 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 LMUB 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 LMUB?
Yes. You can buy LMUB by amount rather than by whole unit, and there is no minimum trade size.
How has LMUB performed?
LMUB's price is down 7.6% over the past year. These figures are price change only and exclude dividends; past performance does not guarantee future returns.