Simplify National Muni Bond ETF
Simplify National Muni Bond ETF (AMEX: NMB) is an exchange-traded fund listed on NYSE Arca, trading at $22.83 (about ₹2,193 a unit) as of 29 Sep 2026, 4:00 PM ET. It has an expense ratio of 0.52% and holds 68 securities. Indian residents can buy NMB through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$22.79
Today's high
$22.91
52 week low
$22.83
52 week high
$26.14
NMB opened at $22.91, closed previously at $22.96, and has traded between $22.83 and $26.14 over the past 52 weeks.
About
The Simplify National Muni Bond ETF (NMB) primarily targets current income generation, with capital growth serving as a secondary objective. This actively managed exchange-traded fund endeavors to achieve its goals by predominantly investing in high-quality U.S. municipal bonds, chosen for their appealing tax-exempt yields. NMB also employs a dynamic municipal bond approach, actively seeking out undervalued securities that might be overlooked by traditional passive investment mandates. Additionally, the fund utilizes a broad, multi-asset options writing strategy to further augment its overall returns. Foundation Credit acts as the Subadvisor, managing the municipal bond portion of the fund's assets.
Key statistics
Expense ratio
0.52%
Assets (AUM)
$45.6M
Holdings
68
NAV
$22.82
Avg. volume
—
1-year price change
-9.55%
5-year price change
—
Price change excludes dividends.
Top 10 holdings
NMB holds 68 securities in total. These 10 are 47.2% of the fund.
Where the money is invested
Sectors
Countries
How to buy NMB from India
Indian residents can buy NMB 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 NMB and buy
Find the fund by its ticker, NMB, 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 NMB from India
Trading and taxes when buying NMB 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 NMB price today?
Simplify National Muni Bond ETF (NMB) last traded at $22.83 on NYSE Arca, as of 29 Sep 2026, 4:00 PM ET. That is ₹2,193 a unit at the 29 Sep 2026 USD/INR rate.
When does NMB 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 NMB, and what does it cost to hold?
Simplify National Muni Bond ETF manages about $45.6M. Its expense ratio is 0.52% a year, deducted inside the fund. It launched in 2024.
What are NMB's largest holdings?
The top three are Cash (13.5%), HILLSBOROUGH CNTY FLA I 5.5 15NOV54 (4.3%) and ATLANTA GA ARPT REV 5.25 01JUL56 (4.3%). NMB's 10 largest positions make up 47.2% of the fund.
Does NMB pay dividends?
Yes. NMB 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 NMB 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 NMB?
Yes. You can buy NMB by amount rather than by whole unit, and there is no minimum trade size.
How has NMB performed?
NMB's price is down 9.5% over the past year. These figures are price change only and exclude dividends; past performance does not guarantee future returns.