Vanguard Morningstar Mega Cap ETF
Vanguard Morningstar Mega ETF (AMEX: MGC) is an exchange-traded fund listed on NYSE Arca, trading at $285.44 (about ₹27,408 a unit) as of 25 Sep 2026, 9:51 AM ET. It has an expense ratio of 0.05% and holds 189 securities. Indian residents can buy MGC through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$284.97
Today's high
$285.68
52 week low
$228.37
52 week high
$287.52
MGC opened at $285.17, closed previously at $284.68, and has traded between $228.37 and $287.52 over the past 52 weeks.
About
This ETF, the Vanguard Mega Cap, is designed to replicate the performance of the CRSP US Mega Cap Index. It employs a passively managed, full-replication approach, purchasing all constituents of its benchmark. The fund provides a straightforward avenue for diversified investment into the premier U.S. companies, collectively representing approximately the leading 70% of domestic market capitalization. Regarding 75% of its total assets, the fund is subject to specific limitations: it may not buy more than 10% of any single issuer's voting shares, nor invest in a company if that allocation would cause more than 5% of the fund's total assets to be held in that issuer's securities. However, these restrictions are waived if exceeding them is necessary to precisely approximate the target index's composition. Notably, these concentration limits do not apply to obligations issued by the U.S. government or its associated agencies and instrumentalities.
Key statistics
Expense ratio
0.05%
Assets (AUM)
$10.9B
Holdings
189
NAV
$284.70
Avg. volume
—
1-year price change
+17.46%
5-year price change
+80.82%
Price change excludes dividends.
Top 10 holdings
MGC holds 189 securities in total. These 10 are 45.5% of the fund.
Where the money is invested
Sectors
Countries
How to buy MGC from India
Indian residents can buy MGC 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 MGC and buy
Find the fund by its ticker, MGC, 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 MGC from India
Trading and taxes when buying MGC 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 MGC price today?
Vanguard Morningstar Mega ETF (MGC) last traded at $285.44 on NYSE Arca, as of 25 Sep 2026, 9:51 AM ET. That is ₹27,408 a unit at the 24 Sep 2026 USD/INR rate.
When does MGC 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 MGC, and what does it cost to hold?
Vanguard Morningstar Mega ETF manages about $10.9B. Its expense ratio is 0.05% a year, deducted inside the fund. It launched in 2007.
What are MGC's largest holdings?
The top three are NVIDIA Corp (9.3%), Apple Inc (8.6%) and Microsoft Corp (6.9%). MGC's 10 largest positions make up 45.5% of the fund.
Does MGC pay dividends?
No. MGC is an accumulating fund: dividends from its holdings are reinvested inside the fund, so nothing is paid out to you.
How are gains on MGC 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 MGC?
Yes. You can buy MGC by amount rather than by whole unit, and there is no minimum trade size.
How has MGC performed?
MGC's price is up 17.5% over the past year and up 80.8% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.