RJ Eagle Municipal Income ETF
RJ Eagle Municipal ETF (AMEX: RJMI) is an exchange-traded fund listed on NYSE Arca, trading at $23.80 (about ₹2,286 a unit) as of 29 Sep 2026, 3:54 PM ET. It has an expense ratio of 0.41% and holds 115 securities. Indian residents can buy RJMI through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$23.77
Today's high
$23.94
52 week low
$23.77
52 week high
$26.09
RJMI opened at $23.94, closed previously at $23.86, and has traded between $23.77 and $26.09 over the past 52 weeks.
About
This exchange-traded fund (ETF) utilizes an active management approach. Under typical circumstances, it allocates at least 80% of its total assets, which may encompass funds obtained through borrowing for investment purposes, to municipal debt instruments. The income generated from these instruments generally qualifies for an exemption from regular federal income tax. These municipal securities are commonly issued by state and local government bodies, or their associated agencies, authorities, and various other public instrumentalities.
Key statistics
Expense ratio
0.41%
Assets (AUM)
$35.7M
Holdings
115
NAV
$23.81
Avg. volume
—
1-year price change
-4.93%
5-year price change
—
Price change excludes dividends.
Top 10 holdings
RJMI holds 115 securities in total. These 10 are 19.0% of the fund.
Where the money is invested
Countries
How to buy RJMI from India
Indian residents can buy RJMI 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 RJMI and buy
Find the fund by its ticker, RJMI, 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 RJMI from India
Trading and taxes when buying RJMI 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 RJMI price today?
RJ Eagle Municipal ETF (RJMI) last traded at $23.80 on NYSE Arca, as of 29 Sep 2026, 3:54 PM ET. That is ₹2,286 a unit at the 29 Sep 2026 USD/INR rate.
When does RJMI 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 RJMI, and what does it cost to hold?
RJ Eagle Municipal ETF manages about $35.7M. Its expense ratio is 0.41% a year, deducted inside the fund. It launched in 2025.
What are RJMI's largest holdings?
The top three are Texas Municipal Gas Acquisition & Supply Corp IV 5.5% 01/01/2054 (2.6%), Kentucky Municipal Energy Agency 5% 01/01/2037 (2.0%) and New York City Transitional Finance Authority Future Tax Secured Revenue 5% 05/01/2044 (2.0%). RJMI's 10 largest positions make up 19.0% of the fund.
Does RJMI pay dividends?
Yes. RJMI 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 RJMI 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 RJMI?
Yes. You can buy RJMI by amount rather than by whole unit, and there is no minimum trade size.
How has RJMI performed?
RJMI's price is down 4.9% over the past year. These figures are price change only and exclude dividends; past performance does not guarantee future returns.