NASDAQ · ETF
Invest in AMUN ETF from India
Indian and foreign residents can buy abrdn Ultra Short Municipal Active ETF (AMUN) units directly through Paasa.
By Paasa · Updated
AMUN at a glance
- Price
- $25.92-$0.02 (0.06%)
- Expense ratio
- 0.74%
- Day range
- $25.85 – $25.99
- Assets
- $54.8M
- Domicile
- the US
- Holdings
- —
- Launched
- 1986
- Dividends
- Distributing
- 1 month
- -0.48%
- 6 months
- -0.44%
- YTD
- -0.56%
- 1 year
- —
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1PENNSYLVANIA ST HGR EDUCTNL FA PASHGR 09/45 ADJUSTABLE VAR4.2%
- 2JP MORGAN CHASE PUTTERS/DRIVER JPM 03/27 ADJUSTABLE VAR4.0%
- 3CUMBERLAND CNTY NC INDL FACS CUMPOL 12/27 ADJUSTABLE VAR3.7%
- 4SOUTHEAST ENERGY AUTH AL COMMO SEEPWR 05/53 ADJUSTABLE VAR3.7%
- 5CHANDLER AZ INDL DEV AUTH INDL CHADEV 09/52 ADJUSTABLE VAR3.7%
- 6TNDR OPT FLTR BAP0002 12/27 13.6%
- 7NEWARK NJ NWK 05/27 FIXED 4.253.6%
- 8JOHNSON CITY NY JOH 06/27 FIXED 43.6%
- 9POUGHKEEPSIE CITY NY POU 04/27 FIXED 3.53.6%
- 10MISSISSIPPI ST BUSINESS FIN CO MSSDEV 11/32 ADJUSTABLE VAR3.0%
These 10 are 36.8% of the fund.
Where the money is invested
Countries
- United States100.1%
How to invest in AMUN from India
Step 1
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.
Step 2
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.
Step 3
Search AMUN and buy
Find the fund by its ticker, AMUN, on NASDAQ, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Why invest in AMUN from India
What AMUN holds
AMUN seeks high after-tax income by investing primarily in investment-grade, tax-exempt municipal securities. The fund maintains an ultra-short duration profile, typically two years or less, to help reduce interest rate sensitivity.
Hold a dollar asset
AMUN is priced in US dollars, so a weaker rupee adds to what it's worth in rupees. The rupee depreciated over 85% against the dollar between 2010 and 2025.
Buy a fraction of a unit
Buy by amount, not by unit, and get the matching fraction of one AMUN unit. There is no minimum trade size.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Planning to hold more than $60,000 in US ETFs? Here's what US estate tax means for you.
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family.
A UCITS ETF tracking a similar market sits outside US estate tax.
Frequently asked questions
Can I buy AMUN from India?
Yes. Indian residents can buy abrdn Ultra Short Municipal Active ETF (AMUN) through Paasa. It is listed on NASDAQ and trades in US dollars. Your money leaves India under the RBI's Liberalised Remittance Scheme, and the units are held in your own name at Interactive Brokers.
What does AMUN invest in?
Its largest holdings are PENNSYLVANIA ST HGR EDUCTNL FA PASHGR 09/45 ADJUSTABLE VAR (4.2%), JP MORGAN CHASE PUTTERS/DRIVER JPM 03/27 ADJUSTABLE VAR (4.0%) and CUMBERLAND CNTY NC INDL FACS CUMPOL 12/27 ADJUSTABLE VAR (3.7%). It is a distributing fund domiciled in the US.
What is the expense ratio of AMUN?
abrdn Ultra Short Municipal Active ETF has an expense ratio of 0.74% a year, taken from the fund's assets rather than billed to you. The fund manages about $54.8M.
How are AMUN dividends taxed in India?
abrdn Ultra Short Municipal Active ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
What tax do I pay in India when I sell AMUN?
The US does not levy capital gains tax on shares for Indian residents. Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling. The gain is worked out in rupees at the USD/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.
Can I buy a fraction of one AMUN unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $25.92, and there is no minimum trade size.
What happens to my AMUN units if I pass away?
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family. A UCITS ETF tracking a similar market sits outside US estate tax. Paasa's US estate tax calculator shows the exposure for a given portfolio value.