NASDAQ · ETF
Invest in BMOP ETF from India
Indian and foreign residents can buy BNY Mellon Municipal Opportunities ETF (BMOP) units directly through Paasa.
By Paasa · Updated
BMOP at a glance
- Price
- $23.32-$0.07 (0.30%)
- Expense ratio
- 0.54%
- Day range
- $23.26 – $23.40
- Assets
- $1.6B
- Domicile
- the US
- Holdings
- 673
- Launched
- 2008
- Dividends
- Distributing
Top 10 holdings
- 1INTERMOUNTAIN PWR AGY 5 7/1/20420.9%
- 2CA CMNTY CHOICE FIN-F 5 11/1/20330.8%
- 3AUSTIN TX ARPT SYS RE 5 11/15/20460.8%
- 4PUERTO RICO CMWLTH AQ 5 7/1/20300.8%
- 5UNIV OF TEXAS SYS BRD 5 7/1/20410.6%
- 6TENNERGY CORP -A FRN 10/1/20540.6%
- 7LA DEPT OF WTR-B-REF 5 7/1/20370.6%
- 8MD HLTH HGR AUTH-B FRN 8/15/20560.6%
- 9BLACK BELT-SER-C FRN 5/1/20550.6%
- 10MAIN STREET NATURAL-C FRN 12/1/20540.6%
BMOP holds 673 securities in total. These 10 are 7.0% of the fund.
How to invest in BMOP 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 BMOP and buy
Find the fund by its ticker, BMOP, 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 BMOP from India
What BMOP holds
To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in U.S. dollar-denominated fixed-income securities that provide income exempt from federal personal income tax (municipal bonds). It may invest up to 20% of its assets in taxable fixed-income securities, including taxable municipal bonds and non-U.S. dollar-denominated foreign debt securities such as Brady bonds and sovereign debt obligations.
Hold a dollar asset
BMOP 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 BMOP 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 BMOP from India?
Yes. Indian residents can buy BNY Mellon Municipal Opportunities ETF (BMOP) 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 BMOP invest in?
BNY Mellon Municipal Opportunities ETF holds 673 securities. Its largest holdings are INTERMOUNTAIN PWR AGY 5 7/1/2042 (0.9%), CA CMNTY CHOICE FIN-F 5 11/1/2033 (0.8%) and AUSTIN TX ARPT SYS RE 5 11/15/2046 (0.8%). It is a distributing fund domiciled in the US.
What is the expense ratio of BMOP?
BNY Mellon Municipal Opportunities ETF has an expense ratio of 0.54% a year, taken from the fund's assets rather than billed to you. The fund manages about $1.6B.
How are BMOP dividends taxed in India?
BNY Mellon Municipal Opportunities 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 BMOP?
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 BMOP unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $23.32, and there is no minimum trade size.
What happens to my BMOP 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.