NYSE Arca · ETF
Invest in CATF ETF from India
Indian and foreign residents can buy American Century California Municipal Bond ETF (CATF) units directly through Paasa.
By Paasa · Updated
CATF at a glance
- Price
- $46.93-$0.33 (0.70%)
- Expense ratio
- 0.25%
- Day range
- $46.77 – $46.94
- Assets
- $117.3M
- Domicile
- the US
- Holdings
- 314
- Launched
- 2024
- Dividends
- Distributing
- 1 month
- -4.96%
- 6 months
- -5.23%
- YTD
- -6.23%
- 1 year
- -6.01%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1US DOLLAR9.3%
- 2BLACKROCK CASH SWEEP BLACKROCK LIQ FD MUNICASH IN2.8%
- 3SAN MATEO CNTY CA JT PWRS FING SMTGEN 07/35 FIXED 51.3%
- 4CALIFORNIA ST MUNI FIN AUTH SP CASFIN 07/29 FIXED 41.1%
- 5STHRN CALIFORNIA ST PUBLIC PWR STNPWR 07/50 FIXED 51.1%
- 6US TREASURY N/B 08/31 4.3751.1%
- 7ORANGE CNTY CA CMNTY FACS DIST ORAFAC 08/42 FIXED 50.9%
- 8CALIFORNIA ST CAS 12/30 FIXED OID 3.50.9%
- 9PUERTO RICO SALES TAX FING COR PRCGEN 07/40 FIXED 4.3290.9%
- 10LOS ANGELES CNTY CA SANTN DIST LOSUTL 10/47 FIXED 50.8%
CATF holds 314 securities in total. These 10 are 20.1% of the fund.
Where the money is invested
Countries
- United States87.9%
- Other12.1%
How to invest in CATF 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 CATF and buy
Find the fund by its ticker, CATF, 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 CATF from India
What CATF holds
Seeks high current income that is exempt from federal and California income tax.
Hold a dollar asset
CATF 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 CATF 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 CATF from India?
Yes. Indian residents can buy American Century California Municipal Bond ETF (CATF) 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 CATF invest in?
American Century California Municipal Bond ETF holds 314 securities. Its largest holdings are US DOLLAR (9.3%), BLACKROCK CASH SWEEP BLACKROCK LIQ FD MUNICASH IN (2.8%) and SAN MATEO CNTY CA JT PWRS FING SMTGEN 07/35 FIXED 5 (1.3%). It is a distributing fund domiciled in the US.
What is the expense ratio of CATF?
American Century California Municipal Bond ETF has an expense ratio of 0.25% a year, taken from the fund's assets rather than billed to you. The fund manages about $117.3M.
How are CATF dividends taxed in India?
American Century California Municipal Bond 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 CATF?
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 CATF unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $46.93, and there is no minimum trade size.
What happens to my CATF 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.