Alliance Bernstein - AB Tax-Aware Intermediate Municipal ETF
Alliance Bernstein - AB Tax-Aware Intermediate Municipal ETF (AMEX: TAFM) is an exchange-traded fund listed on NYSE Arca, trading at $23.79 (about ₹2,285 a unit) as of 29 Sep 2026, 4:00 PM ET. It has an expense ratio of 0.28% and holds 673 securities. Indian residents can buy TAFM through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$23.72
Today's high
$23.88
52 week low
$23.72
52 week high
$25.93
TAFM opened at $23.88, closed previously at $23.90, and has traded between $23.72 and $25.93 over the past 52 weeks.
About
This actively managed exchange-traded fund (ETF) specializes in intermediate-duration municipal bonds. Its primary aim is to generate an optimized income stream and deliver appealing post-tax returns, carefully calibrated for the level of risk involved.
Key statistics
Expense ratio
0.28%
Assets (AUM)
$773.4M
Holdings
673
NAV
$23.80
Avg. volume
—
1-year price change
-6.19%
5-year price change
—
Price change excludes dividends.
Top 10 holdings
TAFM holds 673 securities in total. These 10 are 10.4% of the fund.
Where the money is invested
Countries
How to buy TAFM from India
Indian residents can buy TAFM 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 TAFM and buy
Find the fund by its ticker, TAFM, 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 TAFM from India
Trading and taxes when buying TAFM 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 TAFM price today?
Alliance Bernstein - AB Tax-Aware Intermediate Municipal ETF (TAFM) last traded at $23.79 on NYSE Arca, as of 29 Sep 2026, 4:00 PM ET. That is ₹2,285 a unit at the 29 Sep 2026 USD/INR rate.
When does TAFM 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 TAFM, and what does it cost to hold?
Alliance Bernstein - AB Tax-Aware Intermediate Municipal ETF manages about $773.4M. Its expense ratio is 0.28% a year, deducted inside the fund. It launched in 2023.
What are TAFM's largest holdings?
The top three are BS39GZ9 IRS USD R V 12MUSCPI IS39H01 CCPINFLATIONZERO (2.3%), SS34364 IRS USD R F 3.65950 IS34364 CCPOIS (1.6%) and BS3DP98 IRS USD R V 12MUSCPI IS3DPA9 CCPINFLATIONZERO (1.5%). TAFM's 10 largest positions make up 10.4% of the fund.
Does TAFM pay dividends?
Yes. TAFM 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 TAFM 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 TAFM?
Yes. You can buy TAFM by amount rather than by whole unit, and there is no minimum trade size.
How has TAFM performed?
TAFM's price is down 6.2% over the past year. These figures are price change only and exclude dividends; past performance does not guarantee future returns.