Nomura Strategic Income ETF
Nomura Strategic ETF (AMEX: MFIX) is an exchange-traded fund listed on NYSE Arca, trading at $24.95 (about ₹2,344 a unit) as of 11 Nov 2026, 9:46 AM ET. It has an expense ratio of 0.61%. Indian residents can buy MFIX through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$24.95
Today's high
$24.96
52 week low
$24.71
52 week high
$25.08
MFIX opened at $24.95, closed previously at $25.06, and has traded between $24.71 and $25.08 over the past 52 weeks.
About
The actively managed ETF seeks high current income and, secondarily, long-term total return. Under normal circumstances, it invests at least 80% of its net assets in U.S. and foreign debt securities, including emerging-market securities, across multiple fixed-income sectors.
Key statistics
Expense ratio
0.61%
Assets (AUM)
$158.2M
Holdings
—
NAV
$24.99
Avg. volume
3.43K
1-year price change
—
5-year price change
—
Price change excludes dividends.
How to buy MFIX from India
Indian residents can buy MFIX 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 MFIX 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 MFIX and buy
Find the fund by its ticker, MFIX, 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 MFIX 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 MFIX 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 MFIX price today?
Nomura Strategic ETF (MFIX) last traded at $24.95 on NYSE Arca, as of 11 Nov 2026, 9:46 AM ET. That is ₹2,344 a unit at the 10 Nov 2026 USD/INR rate.
When does MFIX trade, in Indian time?
NYSE Arca 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 MFIX, and what does it cost to hold?
Nomura Strategic ETF manages about $158.2M. Its expense ratio is 0.61% a year, deducted inside the fund. It launched in 1992.
Does MFIX pay dividends?
Yes. MFIX 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 MFIX 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 MFIX?
Yes. You can buy MFIX by amount rather than by whole unit, and there is no minimum trade size.