Northern Trust Tax-Exempt Bond ETF
Northern Trust Tax-Exempt Bond ETF (NASDAQ: TAXT) is an exchange-traded fund listed on NASDAQ, trading at $51.50 (about ₹4,837 a unit) as of 9 Nov 2026, 4:00 PM ET. It has an expense ratio of 0.05% and holds 3,270 securities. Indian residents can buy TAXT through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$51.48
Today's high
$51.51
52 week low
$48.52
52 week high
$52.37
TAXT opened at $51.51, closed previously at $51.41, and has traded between $48.52 and $52.37 over the past 52 weeks.
About
This passively managed ETF is designed for investors seeking tax-exempt income from investment-grade municipal bonds. Its primary goal is to closely track the price and yield performance, before fees and expenses, of the ICE All Maturity Focused Municipal Bond Index. The fund offers broad market exposure by including municipal bonds across the full range of maturities.
Key statistics
Expense ratio
0.05%
Assets (AUM)
$198.5M
Holdings
3,270
NAV
$51.42
Avg. volume
38.35K
1-year price change
+0.13%
5-year price change
—
Price change excludes dividends.
Top 10 holdings
TAXT holds 3,270 securities in total. These 10 are 2.8% of the fund.
Where the money is invested
Countries
How to buy TAXT from India
Indian residents can buy TAXT 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 TAXT 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 TAXT and buy
Find the fund by its ticker, TAXT, on NASDAQ, 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 TAXT 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 TAXT 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 TAXT price today?
Northern Trust Tax-Exempt Bond ETF (TAXT) last traded at $51.50 on NASDAQ, as of 9 Nov 2026, 4:00 PM ET. That is ₹4,837 a unit at the 9 Nov 2026 USD/INR rate.
When does TAXT trade, in Indian time?
NASDAQ 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 TAXT, and what does it cost to hold?
Northern Trust Tax-Exempt Bond ETF manages about $198.5M. Its expense ratio is 0.05% a year, deducted inside the fund. It launched in 2025.
What are TAXT's largest holdings?
The top three are CASH (1.3%), COLORADO EDL & CULTURAL FACS AUTH REV BDS 2026A (0.2%) and CENTENNIAL AUTH N C REV BDS 2026 08/JUL/2026 (0.2%). TAXT's 10 largest positions make up 2.8% of the fund.
Does TAXT pay dividends?
Yes. TAXT 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 TAXT 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 TAXT?
Yes. You can buy TAXT by amount rather than by whole unit, and there is no minimum trade size.
How has TAXT performed?
TAXT's price is up 0.1% over the past year. These figures are price change only and exclude dividends; past performance does not guarantee future returns.