NYSE Arca · ETF
Invest in AVMU ETF from India
Indian and foreign residents can buy Avantis Core Municipal Fixed ETF (AVMU) units directly through Paasa.
By Paasa · Updated
AVMU at a glance
- Price
- $42.79-$0.22 (0.50%)
- Expense ratio
- 0.15%
- Day range
- $42.72 – $43.06
- Assets
- $163.3M
- Domicile
- the US
- Holdings
- 544
- Launched
- 2020
- Dividends
- Distributing
- 1 month
- -4.92%
- 6 months
- -5.82%
- YTD
- -7.41%
- 1 year
- -5.95%
- 5 years
- -14.29%
Price change, excluding dividends.
Top 10 holdings
- 1SAN ANTONIO TX PUB FACS CORP L SANFAC 09/42 FIXED OID 42.1%
- 2JOBSOHIO BEVERAGE SYS STWD LIQ JOBGEN 01/36 FIXED 51.7%
- 3MIAMI BEACH FL RESORT TAX REVE MMBGEN 09/40 FIXED 51.5%
- 4SAN JACINTO TX CMNTY CLG DIST SNJHGR 02/41 FIXED 41.5%
- 5NEW YORK NY NYC 08/32 FIXED 51.1%
- 6BLACKROCK CASH SWEEP BLACKROCK LIQ FD MUNICASH IN1.0%
- 7GRAND PARKWAY TRANSPRTN CORP T GPTTRN 10/45 FIXED 40.9%
- 8COLORADO ST COPS COSCTF 12/40 FIXED 40.8%
- 9WASHINGTON ST WAS 02/45 FIXED 50.8%
- 10NEW YORK ST URBAN DEV CORP SAL NYSFAC 03/39 FIXED 40.8%
AVMU holds 544 securities in total. These 10 are 12.1% of the fund.
Where the money is invested
Countries
- United States99.1%
- Other0.9%
How to invest in AVMU 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 AVMU and buy
Find the fund by its ticker, AVMU, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Why invest in AVMU from India
What AVMU holds
This fund primarily invests in a diverse selection of high-quality municipal bonds. While designed to offer indexing advantages like broad diversification, controlled portfolio adjustments, and clear exposure, it also employs active management.
Hold a dollar asset
AVMU 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 AVMU 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 AVMU from India?
Yes. Indian residents can buy Avantis Core Municipal Fixed ETF (AVMU) through Paasa. It is listed on NYSE Arca 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 AVMU invest in?
Avantis Core Municipal Fixed ETF holds 544 securities. Its largest holdings are SAN ANTONIO TX PUB FACS CORP L SANFAC 09/42 FIXED OID 4 (2.1%), JOBSOHIO BEVERAGE SYS STWD LIQ JOBGEN 01/36 FIXED 5 (1.7%) and MIAMI BEACH FL RESORT TAX REVE MMBGEN 09/40 FIXED 5 (1.5%). It is a distributing fund domiciled in the US.
What is the expense ratio of AVMU?
Avantis Core Municipal Fixed ETF has an expense ratio of 0.15% a year, taken from the fund's assets rather than billed to you. The fund manages about $163.3M.
How are AVMU dividends taxed in India?
Avantis Core Municipal Fixed 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 AVMU?
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 AVMU unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $42.79, and there is no minimum trade size.
What happens to my AVMU 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.