Simplify Government Money Market ETF
Simplify Government Money Market ETF (AMEX: SBIL) is an exchange-traded fund listed on NYSE Arca, trading at $100.06 (about ₹9,612 a unit) as of 29 Sep 2026, 4:00 PM ET. It has an expense ratio of 0.15% and holds 7 securities. Indian residents can buy SBIL through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$100.04
Today's high
$100.06
52 week low
$100.00
52 week high
$100.71
SBIL opened at $100.05, closed previously at $100.04, and has traded between $100.00 and $100.71 over the past 52 weeks.
About
The Simplify Government Money Market ETF (SBIL) is designed to provide investors with current income while maintaining a strong emphasis on liquidity and the preservation of an investor's initial capital. This fund operates specifically as a government money market fund, adhering to the strict guidelines outlined in Rule 2a-7 of the Investment Company Act of 1940. SBIL serves as an attractive option for individuals looking for both consistent earnings and the safety of their principal, as well as for those who require an investment vehicle that complies with Rule 2a-7 regulations and is available in an ETF format. It's crucial to understand, however, that despite being a money market fund, SBIL possesses a floating net asset value (NAV), meaning its share price will fluctuate.
Key statistics
Expense ratio
0.15%
Assets (AUM)
$4.1B
Holdings
7
NAV
$100.04
Avg. volume
—
1-year price change
+0.01%
5-year price change
—
Price change excludes dividends.
Top 10 holdings
SBIL holds 7 securities in total. These 10 are 24.3% of the fund.
Where the money is invested
Countries
How to buy SBIL from India
Indian residents can buy SBIL 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 SBIL and buy
Find the fund by its ticker, SBIL, 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 SBIL from India
Trading and taxes when buying SBIL 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 SBIL price today?
Simplify Government Money Market ETF (SBIL) last traded at $100.06 on NYSE Arca, as of 29 Sep 2026, 4:00 PM ET. That is ₹9,612 a unit at the 29 Sep 2026 USD/INR rate.
When does SBIL 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 SBIL, and what does it cost to hold?
Simplify Government Money Market ETF manages about $4.1B. Its expense ratio is 0.15% a year, deducted inside the fund. It launched in 2025.
What are SBIL's largest holdings?
The top three are Cash and Cash Equivalents (7.9%), FHLMC Float 09/22/27 Corp (3.5%) and US Tsy FRN 07/31/27 Govt (2.4%). SBIL's 10 largest positions make up 24.3% of the fund.
Does SBIL pay dividends?
Yes. SBIL 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 SBIL 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 SBIL?
Yes. You can buy SBIL by amount rather than by whole unit, and there is no minimum trade size.
How has SBIL performed?
SBIL's price is up 0.0% over the past year. These figures are price change only and exclude dividends; past performance does not guarantee future returns.