Rockefeller California Municipal Bond ETF
Rockefeller California Municipal Bond ETF (AMEX: RMCA) is an exchange-traded fund listed on NYSE Arca, trading at $22.52 (about ₹2,172 a unit) as of 7 Oct 2026, 2:07 PM ET. It has an expense ratio of 0.55%. Indian residents can buy RMCA through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$22.52
Today's high
$22.56
52 week low
$22.35
52 week high
$24.61
RMCA opened at $22.56, closed previously at $22.62, and has traded between $22.35 and $24.61 over the past 52 weeks.
About
The Rockefeller California Municipal Bond ETF (RMCA) is an actively managed exchange-traded fund whose primary objective is to generate income exempt from both U.S. federal and California state income taxes. It achieves this by focusing its investments on municipal bonds issued within California. Typically, at least 80% of the fund's net assets, including any capital borrowed for investment purposes, will be allocated to debt securities. The interest income from these bonds is considered free from regular U.S. federal and California state income taxation, based on the bond counsel's opinion at the time of issuance and current tax legislation. Importantly, this fund operates with a non-diversified portfolio.
Key statistics
Expense ratio
0.55%
Assets (AUM)
$18.1M
Holdings
—
NAV
$22.60
Avg. volume
13.94K
1-year price change
-7.19%
5-year price change
—
Price change excludes dividends.
Top 10 holdings
These 10 are 22.6% of the fund.
Where the money is invested
Countries
How to buy RMCA from India
Indian residents can buy RMCA 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 RMCA 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 RMCA and buy
Find the fund by its ticker, RMCA, 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 RMCA 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 RMCA 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 RMCA price today?
Rockefeller California Municipal Bond ETF (RMCA) last traded at $22.52 on NYSE Arca, as of 7 Oct 2026, 2:07 PM ET. That is ₹2,172 a unit at the 6 Oct 2026 USD/INR rate.
When does RMCA 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 RMCA, and what does it cost to hold?
Rockefeller California Municipal Bond ETF manages about $18.1M. Its expense ratio is 0.55% a year, deducted inside the fund. It launched in 2024.
What are RMCA's largest holdings?
The top three are California Municipal Finance Authority 5.5% 07/01/2060 (2.6%), Burbank-Glendale-Pasadena Airport Authority Brick Campaign 5.25% 07/01/2054 (2.5%) and Lammersville Joint Unified School District 5.25% 09/01/2055 (2.5%). RMCA's 10 largest positions make up 22.6% of the fund.
Does RMCA pay dividends?
Yes. RMCA 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 RMCA 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 RMCA?
Yes. You can buy RMCA by amount rather than by whole unit, and there is no minimum trade size.
How has RMCA performed?
RMCA's price is down 7.2% over the past year. These figures are price change only and exclude dividends; past performance does not guarantee future returns.