NYLIM MacKay Muni High Income ETF
NYLIM MacKay Muni High ETF (AMEX: MMHI) is an exchange-traded fund listed on NYSE Arca, trading at $24.98 (about ₹2,408 a unit) as of 2 Oct 2026, 3:54 PM ET. It has an expense ratio of 0.4%. Indian residents can buy MMHI through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$24.98
Today's high
$25.23
52 week low
$24.98
52 week high
$25.23
MMHI opened at $25.22, closed previously at $25.16, and has traded between $24.98 and $25.23 over the past 52 weeks.
About
NYLIM MacKay Muni High Income ETF is an actively managed exchange-traded fund that seeks a high level of current income exempt from regular federal income tax. The fund primarily invests in municipal securities issued by states, municipalities, and related governmental entities, with an emphasis on higher-yielding municipal obligations. The ETF is listed on NYSE Arca under the ticker MMHI.
Key statistics
Expense ratio
0.4%
Assets (AUM)
$25.0M
Holdings
—
NAV
$25.03
Avg. volume
—
1-year price change
—
5-year price change
—
Price change excludes dividends.
Top 10 holdings
These 10 are 49.9% of the fund.
Where the money is invested
Countries
How to buy MMHI from India
Indian residents can buy MMHI 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 MMHI and buy
Find the fund by its ticker, MMHI, 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 MMHI from India
Trading and taxes when buying MMHI 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 MMHI price today?
NYLIM MacKay Muni High ETF (MMHI) last traded at $24.98 on NYSE Arca, as of 2 Oct 2026, 3:54 PM ET. That is ₹2,408 a unit at the 2 Oct 2026 USD/INR rate.
When does MMHI 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 MMHI, and what does it cost to hold?
NYLIM MacKay Muni High ETF manages about $25.0M. Its expense ratio is 0.4% a year, deducted inside the fund. It launched in 2026.
What are MMHI's largest holdings?
The top three are DREYFUS GOVT CASH MAN INS (13.9%), HARRIS CO CUL ED FRN 7/56 (4.0%) and Nuveen Amt-free Mun Cr Income Fd Var 01-mar-2029 (4.0%). MMHI's 10 largest positions make up 49.9% of the fund.
Does MMHI pay dividends?
Yes. MMHI 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 MMHI 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 MMHI?
Yes. You can buy MMHI by amount rather than by whole unit, and there is no minimum trade size.