NYLI Merger Arbitrage ETF
NYLI Merger Arbitrage ETF (AMEX: MNA) is an exchange-traded fund listed on NYSE Arca, trading at $36.81 (about ₹3,536 a unit) as of 28 Sep 2026, 3:59 PM ET. It has an expense ratio of 0.75% and holds 68 securities. Indian residents can buy MNA through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$36.71
Today's high
$36.91
52 week low
$35.56
52 week high
$37.19
MNA opened at $36.85, closed previously at $36.93, and has traded between $35.56 and $37.19 over the past 52 weeks.
About
The NYLI Merger Arbitrage ETF (MNA) is designed to replicate the price and yield performance of its benchmark, the NYLI Merger Arbitrage Index, prior to accounting for fund expenses. The Index itself aims for capital appreciation by strategically investing in companies worldwide that have publicly announced an acquisition offer. This distinct, passive methodology involves owning shares in these identified takeover targets, with the objective of generating returns characteristic of global merger arbitrage operations. Furthermore, in transactions involving an exchange of stock, the Index includes a short position in the acquirer's shares anticipated to be received by the target company's stockholders.
Key statistics
Expense ratio
0.75%
Assets (AUM)
$251.4M
Holdings
68
NAV
$36.82
Avg. volume
—
1-year price change
+2.68%
5-year price change
+11.88%
Price change excludes dividends.
Top 10 holdings
MNA holds 68 securities in total. These 10 are 31.5% of the fund.
Where the money is invested
Sectors
Countries
How to buy MNA from India
Indian residents can buy MNA 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 MNA and buy
Find the fund by its ticker, MNA, on NYSE Arca, 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 MNA from India
Trading and taxes when buying MNA 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
- 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
- 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 MNA price today?
NYLI Merger Arbitrage ETF (MNA) last traded at $36.81 on NYSE Arca, as of 28 Sep 2026, 3:59 PM ET. That is ₹3,536 a unit at the 28 Sep 2026 USD/INR rate.
When does MNA 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 MNA, and what does it cost to hold?
NYLI Merger Arbitrage ETF manages about $251.4M. Its expense ratio is 0.75% a year, deducted inside the fund. It launched in 2009.
What are MNA's largest holdings?
The top three are Teck Resources Limited Class B (5.6%), Warner Bros. Discovery, Inc. Series A (3.6%) and Dominion Energy Inc (3.1%). MNA's 10 largest positions make up 31.5% of the fund.
How are gains on MNA 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.
Can I buy fractional units of MNA?
Yes. You can buy MNA by amount rather than by whole unit, and there is no minimum trade size.
How has MNA performed?
MNA's price is up 2.7% over the past year and up 11.9% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.