NYLI MacKay Muni Insured ETF
NYLI MacKay Muni Insured ETF (AMEX: MMIN) is an exchange-traded fund listed on NYSE Arca, trading at $23.40 (about ₹2,198 a unit) as of 9 Nov 2026, 4:00 PM ET. It has an expense ratio of 0.4% and holds 232 securities. Indian residents can buy MMIN through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$23.36
Today's high
$23.44
52 week low
$22.11
52 week high
$24.44
MMIN opened at $23.42, closed previously at $23.37, and has traded between $22.11 and $24.44 over the past 52 weeks.
About
MMIN offers an active management perspective on the US investment-grade municipal bond space. The portfolio includes bonds of varying maturities (dollar-weighted average duration of 3-15 years), issued by at least 15 different states and encompassing at least 10 sectors, with no more than 30% of the securities from a single state. The fund selects bonds covered by an insurance policy, which guarantees principal and interest payments but lowers yield, and debt securities whose interest is exempt from federal Income tax. Investments are based on an assessment of macro factors that could include ESG criteria. An investment strategy is developed to position the fund among various sectors of the municipal bond market in different states. A fundamental, bottom-up credit research analysis is employed to finally select individual bonds. Prior to Aug. 28, 2024, the fund name was branded under IndexIQ.
Key statistics
Expense ratio
0.4%
Assets (AUM)
$591.6M
Holdings
232
NAV
$23.38
Avg. volume
238.54K
1-year price change
-2.54%
5-year price change
-14.85%
Price change excludes dividends.
Top 10 holdings
MMIN holds 232 securities in total. These 10 are 16.8% of the fund.
Where the money is invested
Sectors
Countries
How to buy MMIN from India
Indian residents can buy MMIN 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 MMIN 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 MMIN and buy
Find the fund by its ticker, MMIN, 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 MMIN 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 MMIN 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 MMIN price today?
NYLI MacKay Muni Insured ETF (MMIN) last traded at $23.40 on NYSE Arca, as of 9 Nov 2026, 4:00 PM ET. That is ₹2,198 a unit at the 9 Nov 2026 USD/INR rate.
When does MMIN 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 MMIN, and what does it cost to hold?
NYLI MacKay Muni Insured ETF manages about $591.6M. Its expense ratio is 0.4% a year, deducted inside the fund. It launched in 2017.
What are MMIN's largest holdings?
The top three are DREYFUS GOVT CASH MAN INS (6.0%), Texas St Technical College Sys Fing Sys Rev 5.5% 01-aug-2042 (1.8%) and Allentown Pa Sch Dist 5.0% 01-jun-2044 (1.4%). MMIN's 10 largest positions make up 16.8% of the fund.
Does MMIN pay dividends?
Yes. MMIN 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 MMIN 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 MMIN?
Yes. You can buy MMIN by amount rather than by whole unit, and there is no minimum trade size.
How has MMIN performed?
MMIN's price is down 2.5% over the past year and down 14.8% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.