NYLI MacKay Muni Intermediate ETF
NYLI MacKay Muni Intermediate ETF (AMEX: MMIT) is an exchange-traded fund listed on NYSE Arca, trading at $22.90 (about ₹2,217 a unit) as of 7 Oct 2026, 4:00 PM ET. It has an expense ratio of 0.4% and holds 837 securities. Indian residents can buy MMIT through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$22.77
Today's high
$22.95
52 week low
$22.77
52 week high
$24.77
MMIT opened at $22.85, closed previously at $22.99, and has traded between $22.77 and $24.77 over the past 52 weeks.
About
MMIT is actively managed to provide current income, exempt from federal income tax, via investing 80% of its assets in investment-grade municipal bonds. The funds subadvisor considers macroeconomic factors such as tax rates, treasury rates, regulatory, technical factors, and other global economic data. In addition, certain ESG criteria may also be considered for evaluation. Based on this assessment, the manager employs fundamental analysis among various sectors and states to select individual muni bonds with no single state making up 30% of the total investment. The fund aims to maintain a dollar-weighted average duration of 3 to 10 years. As an actively managed fund, MMIT may make certain investment decisions at its discretion to meet its objectives. Prior to Aug. 28, 2024, the fund name was branded under IndexIQ.
Key statistics
Expense ratio
0.4%
Assets (AUM)
$1.5B
Holdings
837
NAV
$22.85
Avg. volume
—
1-year price change
-5.80%
5-year price change
-14.07%
Price change excludes dividends.
Top 10 holdings
MMIT holds 837 securities in total. These 10 are 9.0% of the fund.
Where the money is invested
Countries
How to buy MMIT from India
Indian residents can buy MMIT 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 MMIT 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 MMIT and buy
Find the fund by its ticker, MMIT, 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 MMIT 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 MMIT 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 MMIT price today?
NYLI MacKay Muni Intermediate ETF (MMIT) last traded at $22.90 on NYSE Arca, as of 7 Oct 2026, 4:00 PM ET. That is ₹2,217 a unit at the 7 Oct 2026 USD/INR rate.
When does MMIT 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 MMIT, and what does it cost to hold?
NYLI MacKay Muni Intermediate ETF manages about $1.5B. Its expense ratio is 0.4% a year, deducted inside the fund. It launched in 2017.
What are MMIT's largest holdings?
The top three are DREYFUS GOVT CASH MAN INS (1.6%), New York N Y Var 01-feb-2055 (1.0%) and Energy Southeast Ala Coop Dist Energy Supply Rev 5.0% 01-nov-2033 (0.9%). MMIT's 10 largest positions make up 9.0% of the fund.
Does MMIT pay dividends?
Yes. MMIT 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 MMIT 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 MMIT?
Yes. You can buy MMIT by amount rather than by whole unit, and there is no minimum trade size.
How has MMIT performed?
MMIT's price is down 5.8% over the past year and down 14.1% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.