NYSE Arca · ETF
Invest in FLMB ETF from India
Indian and foreign residents can buy Franklin Municipal Green Bond ETF (FLMB) units directly through Paasa.
By Paasa · Updated
FLMB at a glance
- Price
- $21.75-$0.13 (0.59%)
- Expense ratio
- 0.3%
- Day range
- $21.65 – $21.84
- Assets
- $53.4M
- Domicile
- the US
- Holdings
- 77
- Launched
- 2017
- Dividends
- Distributing
- 1 month
- -6.69%
- 6 months
- -7.25%
- YTD
- -8.61%
- 1 year
- -8.11%
- 5 years
- -19.53%
Price change, excluding dividends.
Top 10 holdings
- 1CALIFORNIA ST MUNI 4 5/395.9%
- 2INTERMOUNTAIN PWR 5 7/445.4%
- 3CNTRL VLY WTR REC- 4 3/474.8%
- 4CALIF CMNTY FIN- FRN 2/544.8%
- 5PORTLAND PORT 5.5 7/534.1%
- 6SAN DIEGO CNTY CA- 5 7/514.0%
- 7VT EDU HLTH BLDG 5 12/383.8%
- 8MD ECO DEV CORP 5.25 6/473.5%
- 9NEWARK NJ MASS TR 6 11/622.9%
- 10NY LIBERTY DEV 2.5 11/362.8%
FLMB holds 77 securities in total. These 10 are 42.1% of the fund.
Where the money is invested
Countries
- Other100.0%
How to invest in FLMB 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 FLMB and buy
Find the fund by its ticker, FLMB, 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 FLMB from India
What FLMB holds
FLMB seeks a high level of current income, free from federal taxes, without the use of leverage. The portfolio relies on Franklin Templetons access and experience in the fixed income markets to select investment-grade municipal securities in which the bond proceeds will be used for projects that promote environmental sustainability.
Hold a dollar asset
FLMB 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 FLMB 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 FLMB from India?
Yes. Indian residents can buy Franklin Municipal Green Bond ETF (FLMB) 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 FLMB invest in?
Franklin Municipal Green Bond ETF holds 77 securities. Its largest holdings are CALIFORNIA ST MUNI 4 5/39 (5.9%), INTERMOUNTAIN PWR 5 7/44 (5.4%) and CNTRL VLY WTR REC- 4 3/47 (4.8%). It is a distributing fund domiciled in the US.
What is the expense ratio of FLMB?
Franklin Municipal Green Bond ETF has an expense ratio of 0.3% a year, taken from the fund's assets rather than billed to you. The fund manages about $53.4M.
How are FLMB dividends taxed in India?
Franklin Municipal Green 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 FLMB?
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 FLMB unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $21.75, and there is no minimum trade size.
What happens to my FLMB 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.