Vanguard Morningstar Mega Cap Growth ETF
Vanguard Morningstar Mega Growth ETF (AMEX: MGK) is an exchange-traded fund listed on NYSE Arca, trading at $93.37 (about ₹8,956 a unit) as of 25 Sep 2026, 4:00 PM ET. It has an expense ratio of 0.05% and holds 69 securities. Indian residents can buy MGK through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$92.66
Today's high
$93.49
52 week low
$63.74
52 week high
$93.76
MGK opened at $93.25, closed previously at $92.99, and has traded between $63.74 and $93.76 over the past 52 weeks.
About
The Vanguard Mega Cap Growth ETF (MGK) aims to replicate the performance of the CRSP US Mega Cap Growth Index. It achieves this through a passively managed, full-replication strategy, meaning it invests in all constituents of the index. This provides investors with a straightforward and diversified avenue to gain exposure to the largest, growth-oriented companies within the U.S. market. For 75% of its total assets, specific investment limitations are in place: the fund is generally prohibited from acquiring more than 10% of the outstanding voting shares of any single company. Additionally, it typically cannot invest more than 5% of its total assets in the securities of any one issuer, unless necessary to closely align the portfolio with the target index's composition. These limitations do not, however, extend to obligations issued by the U.S. government or its associated agencies and instrumentalities.
Key statistics
Expense ratio
0.05%
Assets (AUM)
$33.7B
Holdings
69
NAV
$93.37
Avg. volume
—
1-year price change
+16.90%
5-year price change
+91.25%
Price change excludes dividends.
Top 10 holdings
MGK holds 69 securities in total. These 10 are 66.7% of the fund.
Where the money is invested
Sectors
Countries
How to buy MGK from India
Indian residents can buy MGK 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 MGK and buy
Find the fund by its ticker, MGK, 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 MGK from India
Trading and taxes when buying MGK 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 MGK price today?
Vanguard Morningstar Mega Growth ETF (MGK) last traded at $93.37 on NYSE Arca, as of 25 Sep 2026, 4:00 PM ET. That is ₹8,956 a unit at the 25 Sep 2026 USD/INR rate.
When does MGK 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 MGK, and what does it cost to hold?
Vanguard Morningstar Mega Growth ETF manages about $33.7B. Its expense ratio is 0.05% a year, deducted inside the fund. It launched in 2007.
What are MGK's largest holdings?
The top three are NVIDIA Corp (14.3%), Apple Inc (13.0%) and Microsoft Corp (10.0%). MGK's 10 largest positions make up 66.7% of the fund.
Does MGK pay dividends?
No. MGK is an accumulating fund: dividends from its holdings are reinvested inside the fund, so nothing is paid out to you.
How are gains on MGK 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 MGK?
Yes. You can buy MGK by amount rather than by whole unit, and there is no minimum trade size.
How has MGK performed?
MGK's price is up 16.9% over the past year and up 91.3% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.