First Trust Intermediate Government Opportunities ETF
First Trust Intermediate Government Opportunities ETF (AMEX: MGOV) is an exchange-traded fund listed on NYSE Arca, trading at $19.27 (about ₹1,848 a unit) as of 25 Sep 2026, 3:47 PM ET. It has an expense ratio of 0.5% and holds 207 securities. Indian residents can buy MGOV through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$19.18
Today's high
$19.31
52 week low
$19.18
52 week high
$20.95
MGOV opened at $19.23, closed previously at $19.22, and has traded between $19.18 and $20.95 over the past 52 weeks.
About
The First Trust Intermediate Government Opportunities ETF endeavors to achieve the greatest possible total return over the long term. Under typical market conditions, the fund will commit at least 80% of its net assets, including any capital borrowed for investment purposes, to debt instruments issued or backed by the United States government, its agencies, or government-sponsored entities, collectively known as "Government Securities." Its holdings in these Government Securities encompass publicly traded U.S. Treasury products, such as bonds, notes, and bills, alongside mortgage-backed instruments like pass-through securities, collateralized mortgage obligations (CMOs), and commercial mortgage-backed securities (CMBS). The fund also possesses the flexibility to allocate capital to exchange-traded funds that primarily invest in Government Securities, as well as derivative instruments including futures contracts, options, and swap agreements that derive their value from Government Securities. Additionally, the fund may acquire mortgage-related securities via "to-be-announced" transactions, which include mortgage dollar rolls, and can invest in both fixed-rate and floating-rate securities.
Key statistics
Expense ratio
0.5%
Assets (AUM)
$99.1M
Holdings
207
NAV
$19.24
Avg. volume
—
1-year price change
-5.63%
5-year price change
—
Price change excludes dividends.
Top 10 holdings
MGOV holds 207 securities in total. These 10 are 48.8% of the fund.
Where the money is invested
Countries
How to buy MGOV from India
Indian residents can buy MGOV 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 MGOV and buy
Find the fund by its ticker, MGOV, 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 MGOV from India
Trading and taxes when buying MGOV 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 MGOV price today?
First Trust Intermediate Government Opportunities ETF (MGOV) last traded at $19.27 on NYSE Arca, as of 25 Sep 2026, 3:47 PM ET. That is ₹1,848 a unit at the 25 Sep 2026 USD/INR rate.
When does MGOV 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 MGOV, and what does it cost to hold?
First Trust Intermediate Government Opportunities ETF manages about $99.1M. Its expense ratio is 0.5% a year, deducted inside the fund. It launched in 2023.
What are MGOV's largest holdings?
The top three are US 2YR NOTE (CBT) Dec26 (11.5%), US LONG BOND(CBT) Dec26 (7.3%) and US ULTRA BOND CBT Dec26 (7.2%). MGOV's 10 largest positions make up 48.8% of the fund.
Does MGOV pay dividends?
Yes. MGOV 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 MGOV 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 MGOV?
Yes. You can buy MGOV by amount rather than by whole unit, and there is no minimum trade size.
How has MGOV performed?
MGOV's price is down 5.6% over the past year. These figures are price change only and exclude dividends; past performance does not guarantee future returns.