NYSE Arca · ETF
Invest in CGMU ETF from India
Indian and foreign residents can buy Capital Group Municipal ETF (CGMU) units directly through Paasa.
By Paasa · Updated
CGMU at a glance
- Price
- $25.78-$0.17 (0.66%)
- Expense ratio
- 0.27%
- Day range
- $25.74 – $25.84
- Assets
- $6.7B
- Domicile
- the US
- Holdings
- 1,541
- Launched
- 2022
- Dividends
- Distributing
- 1 month
- -4.66%
- 6 months
- -5.08%
- YTD
- -5.81%
- 1 year
- -5.08%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1PUERTO RICO CMWLTH PRC 11/43 ADJUSTABLE VAR0.7%
- 2PUERTO RICO SALES TAX FING COR PRCGEN 07/40 FIXED 4.3290.6%
- 3ROCHESTER MN HLTH CARE FACS RE MNHOSP 11/64 ADJUSTABLE VAR0.5%
- 4BLACK BELT ENERGY GAS DIST AL BBEUTL 06/36 FIXED 5.250.5%
- 5BLACK BELT ENERGY GAS DIST AL BBEUTL 10/33 FIXED 50.5%
- 6PHOENIX AZ INDL DEV AUTH HLTHC PHOMED 11/52 ADJUSTABLE VAR0.4%
- 7VALDEZ AK MARINE TERMINAL REVE VALTRN 12/33 ADJUSTABLE VAR0.4%
- 8CALIFORNIA CMNTY CHOICE FING A CCEDEV 06/36 FIXED 50.4%
- 9OHIO ST HGR EDUCTNL FAC COMMIS OHSEDU 01/39 ADJUSTABLE VAR0.4%
- 10MARYLAND ST HLTH HGR EDUCTNL MDSMED 05/53 ADJUSTABLE VAR0.4%
CGMU holds 1,541 securities in total. These 10 are 4.9% of the fund.
Where the money is invested
Countries
- United States99.7%
- Other0.3%
How to invest in CGMU 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 CGMU and buy
Find the fund by its ticker, CGMU, 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 CGMU from India
What CGMU holds
The fund will normally invest at least 80% of its assets in, or derive at least 80% of its income from, securities that are exempt from regular federal income tax. The fund will invest up to 30% of its assets in securities that may subject the investors to federal alternative minimum tax.
Hold a dollar asset
CGMU 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 CGMU 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 CGMU from India?
Yes. Indian residents can buy Capital Group Municipal ETF (CGMU) 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 CGMU invest in?
Capital Group Municipal ETF holds 1,541 securities. Its largest holdings are PUERTO RICO CMWLTH PRC 11/43 ADJUSTABLE VAR (0.7%), PUERTO RICO SALES TAX FING COR PRCGEN 07/40 FIXED 4.329 (0.6%) and ROCHESTER MN HLTH CARE FACS RE MNHOSP 11/64 ADJUSTABLE VAR (0.5%). It is a distributing fund domiciled in the US.
What is the expense ratio of CGMU?
Capital Group Municipal ETF has an expense ratio of 0.27% a year, taken from the fund's assets rather than billed to you. The fund manages about $6.7B.
How are CGMU dividends taxed in India?
Capital Group Municipal 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 CGMU?
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 CGMU unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $25.78, and there is no minimum trade size.
What happens to my CGMU 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.