Nomura Tax-Free USA Short Term ETF
Nomura Tax-Free USA Short Term ETF (AMEX: STAX) is an exchange-traded fund listed on NYSE Arca, trading at $24.84 (about ₹2,385 a unit) as of 1 Oct 2026, 11:43 AM ET. It has an expense ratio of 0.29%. Indian residents can buy STAX through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$24.84
Today's high
$24.86
52 week low
$24.66
52 week high
$25.75
STAX opened at $24.86, closed previously at $24.76, and has traded between $24.66 and $25.75 over the past 52 weeks.
About
Ordinarily, the fund commits to deploying at least 80% of its total assets, including any capital acquired through borrowing for investment purposes, into financial instruments whose earnings are free from federal income tax, encompassing the federal alternative minimum tax. This fundamental investment principle is binding and requires prior shareholder approval for any modifications.
Key statistics
Expense ratio
0.29%
Assets (AUM)
$10.5M
Holdings
—
NAV
$24.68
Avg. volume
—
1-year price change
-2.74%
5-year price change
—
Price change excludes dividends.
Top 10 holdings
These 10 are 21.2% of the fund.
Where the money is invested
Countries
How to buy STAX from India
Indian residents can buy STAX 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 STAX and buy
Find the fund by its ticker, STAX, 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 STAX from India
Trading and taxes when buying STAX 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 STAX price today?
Nomura Tax-Free USA Short Term ETF (STAX) last traded at $24.84 on NYSE Arca, as of 1 Oct 2026, 11:43 AM ET. That is ₹2,385 a unit at the 30 Sep 2026 USD/INR rate.
When does STAX 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 STAX, and what does it cost to hold?
Nomura Tax-Free USA Short Term ETF manages about $10.5M. Its expense ratio is 0.29% a year, deducted inside the fund. It launched in 2023.
What are STAX's largest holdings?
The top three are NEW YORK TRANSN 5% 12/31 (2.5%), ILLINOIS ST GO 5% 11/31 (2.5%) and CHICAGO ILL WTR 5% 11/26 (2.3%). STAX's 10 largest positions make up 21.2% of the fund.
Does STAX pay dividends?
Yes. STAX 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 STAX 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 STAX?
Yes. You can buy STAX by amount rather than by whole unit, and there is no minimum trade size.
How has STAX performed?
STAX's price is down 2.7% over the past year. These figures are price change only and exclude dividends; past performance does not guarantee future returns.