NYLI MacKay California Muni Intermediate ETF
NYLI MacKay California Muni Intermediate ETF (AMEX: MMCA) is an exchange-traded fund listed on NYSE Arca, trading at $21.17 (about ₹1,996 a unit) as of 13 Nov 2026, 3:59 PM ET. It has an expense ratio of 0.45% and holds 123 securities. Indian residents can buy MMCA through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$21.14
Today's high
$21.21
52 week low
$20.37
52 week high
$22.26
MMCA opened at $21.20, closed previously at $21.21, and has traded between $20.37 and $22.26 over the past 52 weeks.
About
The NYLI MacKay California Muni Intermediate ETF (MMCA) is designed to generate ongoing income that is exempt from both federal and California income taxes. To achieve this, the ETF allocates a minimum of 80% of its assets to municipal bonds. Furthermore, it endeavors to enhance overall total return through the proactive management strategies employed by its subadvisor.
Key statistics
Expense ratio
0.45%
Assets (AUM)
$103.8M
Holdings
123
NAV
$21.18
Avg. volume
52.26K
1-year price change
-3.05%
5-year price change
—
Price change excludes dividends.
Top 10 holdings
MMCA holds 123 securities in total. These 10 are 26.0% of the fund.
Where the money is invested
Sectors
Countries
How to buy MMCA from India
Indian residents can buy MMCA 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 MMCA 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 MMCA and buy
Find the fund by its ticker, MMCA, 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 MMCA 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 MMCA 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 MMCA price today?
NYLI MacKay California Muni Intermediate ETF (MMCA) last traded at $21.17 on NYSE Arca, as of 13 Nov 2026, 3:59 PM ET. That is ₹1,996 a unit at the 13 Nov 2026 USD/INR rate.
When does MMCA 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 MMCA, and what does it cost to hold?
NYLI MacKay California Muni Intermediate ETF manages about $103.8M. Its expense ratio is 0.45% a year, deducted inside the fund. It launched in 2021.
What are MMCA's largest holdings?
The top three are DREYFUS GOVT CASH MAN INS (5.8%), Puerto Rico Comwlth 4.0% 01-jul-2035 (2.8%) and California Cmnty Choice Fing Auth Clean Energy Proj Rev 5.5% 01-dec-2033 (2.6%). MMCA's 10 largest positions make up 26.0% of the fund.
Does MMCA pay dividends?
Yes. MMCA 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 MMCA 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 MMCA?
Yes. You can buy MMCA by amount rather than by whole unit, and there is no minimum trade size.
How has MMCA performed?
MMCA's price is down 3.0% over the past year. These figures are price change only and exclude dividends; past performance does not guarantee future returns.