Texas Capital Government Money Market ETF
Texas Capital Government Money Market ETF (NYSE: MMKT) is an exchange-traded fund listed on the New York Stock Exchange, trading at $100.17 (about ₹9,622 a unit) as of 29 Sep 2026, 1:36 PM ET. It has an expense ratio of 0.2%. Indian residents can buy MMKT through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$100.17
Today's high
$100.18
52 week low
$99.84
52 week high
$100.32
MMKT opened at $100.17, closed previously at $100.16, and has traded between $99.84 and $100.32 over the past 52 weeks.
About
The Texas Capital Government Money Market ETF (MMKT) stands as the first exchange-traded fund structured to adhere to Rule 2a-7 of the 1940 Act, thereby qualifying it as a government money market fund. This specific regulatory framework is designed to bolster the fund's stability and liquidity, ensuring that redemption requests can be met without issue. However, a significant distinction is that MMKT's net asset value (NAV) will not remain fixed at $1, but rather will fluctuate. The fund's investment strategy mandates that at least 99.5% of its holdings must be allocated to cash, U.S. government securities, or repurchase agreements that are fully collateralized. Its primary goals are to deliver attractive yields while vigilantly safeguarding investors' principal. It is crucial to note that a substantial portion of the fund's assets are invested in overnight repurchase agreements. The income generated from these specific instruments might not be exempt from state and local taxes, potentially impacting the after-tax yield when compared to direct investments in traditional government securities.
Key statistics
Expense ratio
0.2%
Assets (AUM)
$67.6M
Holdings
—
NAV
$100.15
Avg. volume
—
1-year price change
-0.05%
5-year price change
—
Price change excludes dividends.
Top 10 holdings
These 10 are 78.9% of the fund.
How to buy MMKT from India
Indian residents can buy MMKT 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 MMKT and buy
Find the fund by its ticker, MMKT, on the New York Stock Exchange, 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 MMKT from India
Trading and taxes when buying MMKT 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 MMKT price today?
Texas Capital Government Money Market ETF (MMKT) last traded at $100.17 on the New York Stock Exchange, as of 29 Sep 2026, 1:36 PM ET. That is ₹9,622 a unit at the 29 Sep 2026 USD/INR rate.
When does MMKT trade, in Indian time?
The New York Stock Exchange 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 MMKT, and what does it cost to hold?
Texas Capital Government Money Market ETF manages about $67.6M. Its expense ratio is 0.2% a year, deducted inside the fund. It launched in 2024.
What are MMKT's largest holdings?
The top three are US DOLLARS (46.5%), B 12/22/26 (5.1%) and TF FLOAT 01/31/27 (4.1%). MMKT's 10 largest positions make up 78.9% of the fund.
Does MMKT pay dividends?
Yes. MMKT 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 MMKT 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 MMKT?
Yes. You can buy MMKT by amount rather than by whole unit, and there is no minimum trade size.
How has MMKT performed?
MMKT's price is down 0.0% over the past year. These figures are price change only and exclude dividends; past performance does not guarantee future returns.