NYLI MacKay Muni Allocation ETF
NYLI MacKay Muni Allocation ETF (AMEX: MMMA) is an exchange-traded fund listed on NYSE Arca, trading at $23.82 (about ₹2,307 a unit) as of 9 Oct 2026, 2:43 PM ET. It has an expense ratio of 0.4% and holds 45 securities. Indian residents can buy MMMA through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$23.77
Today's high
$23.86
52 week low
$23.63
52 week high
$25.74
MMMA opened at $23.84, closed previously at $23.73, and has traded between $23.63 and $25.74 over the past 52 weeks.
About
The NYLI MacKay Muni Allocation ETF (MMMA) endeavors to provide significant tax-free income. Its primary investment approach involves allocating capital to high-quality municipal bonds, but it also retains the strategic flexibility to invest in lower-rated, non-investment-grade municipal securities. This tactical allocation is guided by a rigorous, research-driven analysis focused on identifying relative value opportunities in the market.
Key statistics
Expense ratio
0.4%
Assets (AUM)
$28.0M
Holdings
45
NAV
$23.84
Avg. volume
—
1-year price change
—
5-year price change
—
Price change excludes dividends.
Top 10 holdings
MMMA holds 45 securities in total. These 10 are 54.1% of the fund.
Where the money is invested
Countries
How to buy MMMA from India
Indian residents can buy MMMA 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 MMMA 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 MMMA and buy
Find the fund by its ticker, MMMA, 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 MMMA 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 MMMA 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 MMMA price today?
NYLI MacKay Muni Allocation ETF (MMMA) last traded at $23.82 on NYSE Arca, as of 9 Oct 2026, 2:43 PM ET. That is ₹2,307 a unit at the 9 Oct 2026 USD/INR rate.
When does MMMA 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 MMMA, and what does it cost to hold?
NYLI MacKay Muni Allocation ETF manages about $28.0M. Its expense ratio is 0.4% a year, deducted inside the fund. It launched in 2025.
What are MMMA's largest holdings?
The top three are CASH (27.5%), CHICAGO TRANSIT 5.5 12/56 (4.4%) and NJ HSG & MTGE-A-REF 3.75 (3.9%). MMMA's 10 largest positions make up 54.1% of the fund.
Does MMMA pay dividends?
Yes. MMMA 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 MMMA 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 MMMA?
Yes. You can buy MMMA by amount rather than by whole unit, and there is no minimum trade size.