Schwab Municipal Bond ETF
Schwab Municipal Bond ETF (AMEX: SCMB) is an exchange-traded fund listed on NYSE Arca, trading at $24.86 (about ₹2,339 a unit) as of 12 Nov 2026, 4:00 PM ET. It has an expense ratio of 0.03% and holds 8,220 securities. Indian residents can buy SCMB through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$24.85
Today's high
$25.06
52 week low
$23.81
52 week high
$26.20
SCMB opened at $25.06, closed previously at $25.10, and has traded between $23.81 and $26.20 over the past 52 weeks.
About
This ETF's primary goal is to closely replicate the overall financial performance, or total return, of a particular market benchmark. This benchmark is specifically designed to assess the performance of municipal bonds issued throughout the United States that are not subject to the Alternative Minimum Tax (AMT). This target is considered before any fund-related fees or operating costs are deducted.
Key statistics
Expense ratio
0.03%
Assets (AUM)
$4.1B
Holdings
8,220
NAV
$24.94
Avg. volume
3.39M
1-year price change
-3.76%
5-year price change
—
Price change excludes dividends.
Top 10 holdings
SCMB holds 8,220 securities in total. These 10 are 1.5% of the fund.
Where the money is invested
Sectors
Countries
Similar funds
This is not an investment recommendation
How to buy SCMB from India
Indian residents can buy SCMB 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 SCMB 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 SCMB and buy
Find the fund by its ticker, SCMB, 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 SCMB 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 SCMB 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 SCMB price today?
Schwab Municipal Bond ETF (SCMB) last traded at $24.86 on NYSE Arca, as of 12 Nov 2026, 4:00 PM ET. That is ₹2,339 a unit at the 12 Nov 2026 USD/INR rate.
When does SCMB trade, in Indian time?
NYSE Arca trades 8:00 pm – 2:30 am IST, so the close lands after midnight. The window shifts to 7:00 pm – 1:30 am IST when the US is on daylight time. Orders can only execute during that window.
How big is SCMB, and what does it cost to hold?
Schwab Municipal Bond ETF manages about $4.1B. Its expense ratio is 0.03% a year, deducted inside the fund. It launched in 2022.
What are SCMB's largest holdings?
The top three are ALABAMA TOLL RD BRDG & TUNL AU 5.00% 10/01/2032 (BBG0250H27G3) (0.3%), KING CNTY WASH SWR REV 2.70% 01/01/2042 (BBG01XXGF962) (0.2%) and NEW YORK N Y 5.25% 08/01/2055 (BBG025JZPD20) (0.1%). SCMB's 10 largest positions make up 1.5% of the fund.
Does SCMB pay dividends?
Yes. SCMB 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 SCMB 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 SCMB?
Yes. You can buy SCMB by amount rather than by whole unit, and there is no minimum trade size.
How has SCMB performed?
SCMB's price is down 3.8% over the past year. These figures are price change only and exclude dividends; past performance does not guarantee future returns.