Phillip SGD Money Market ETF
Phillip Money Market ETF (SES: MMS) is an exchange-traded fund listed on the Singapore Exchange, trading at S$103.24 (about ₹7,578 a unit) as of 11 Nov 2026, 3:49 AM ET. Indian residents can buy MMS through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
S$103.17
Today's high
S$103.40
52 week low
S$100.52
52 week high
S$103.94
MMS opened at S$103.24, closed previously at S$103.23, and has traded between S$100.52 and S$103.94 over the past 52 weeks.
About
The investment objective of this Sub-Fund is to seek to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE SGD 3-month SOR Index or any replacement index which references the SORA and provides for the same or substantially similar exposure as the FTSE SGD 3-month SOR Index.
Key statistics
Expense ratio
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Assets (AUM)
—
Holdings
—
NAV
—
Avg. volume
2.70K
1-year price change
-0.12%
5-year price change
+2.97%
Price change excludes dividends.
Similar funds
This is not an investment recommendation
How to buy MMS from India
Indian residents can buy MMS 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 MMS 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, and Interactive Brokers converts the dollars to SGD when you buy.
Search MMS and buy
Find the fund by its ticker, MMS, on the Singapore Exchange, and place your order.
Track holdings and download tax reports
Follow your MMS position in SGD and INR, and use Paasa's tax statements when you file your Indian return.
Trading and taxes when buying MMS from India
Trading and limits
- Trading hours
- 9:00 am – 5:00 pm SGT
- 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
- 12.5% or slab rateGains on foreign ETF units held for more than 24 months are long-term and taxed at 12.5% without indexation. Gains on units held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
FAQs
What is the MMS price today?
Phillip Money Market ETF (MMS) last traded at S$103.24 on the Singapore Exchange, as of 11 Nov 2026, 3:49 AM ET. That is ₹7,578 a unit at the 10 Nov 2026 SGD/INR rate.
When does MMS trade, in Indian time?
The Singapore Exchange trades 6:30 am – 2:30 pm IST. Orders can only execute during that window.
How are gains on MMS taxed in India?
Units held for more than 24 months are long-term and taxed at 12.5% without indexation; units held for 24 months or less are taxed at your income-tax slab rate. The gain is worked out in rupees, so the currency move counts.
How has MMS performed?
MMS' price is down 0.1% over the past year and up 3.0% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.