NYSE Arca · ETF
Invest in FUMB ETF from India
Indian and foreign residents can buy First Trust Ultra Short Duration Municipal ETF (FUMB) units directly through Paasa.
By Paasa · Updated
FUMB at a glance
- Price
- $20.03-$0.01 (0.05%)
- Expense ratio
- 0.29%
- Day range
- $20.02 – $20.08
- Assets
- $312.5M
- Domicile
- the US
- Holdings
- 297
- Launched
- 2018
- Dividends
- Distributing
- 1 month
- +0.30%
- 6 months
- -0.15%
- YTD
- -0.30%
- 1 year
- -0.30%
- 5 years
- -0.60%
Price change, excluding dividends.
Top 10 holdings
- 1MUNI ELEC AUTH OF GEORGIA N/C, 5%, due 01/01/20270.9%
- 2ILLINOIS ST N/C, 5.25%, due 09/01/20270.8%
- 3IDAHO ST HLTH FACS AUTH REVENUE Variable rate, due 03/01/20600.8%
- 4CALIFORNIA ST MUNI FIN AUTH Variable rate, due 11/01/20460.8%
- 5CUMBERLAND CNTY NC INDL FACS & POLL CTRL FING AUTH Variable rate, due 12/01/20270.8%
- 6MIAMI-DADE CNTY FL INDL DEV AUTH SOL WST DISP Variable rate, due 11/01/20480.7%
- 7PENNSYLVANIA ST ECON DEV FING AUTH Variable rate, due 04/01/20340.7%
- 8SALES TAX SECURITIZATION CORP IL N/C, 5%, due 01/01/20280.7%
- 9DU PAGE & COOK CNTYS IL TWP HS DIST 86 N/C, 5%, due 01/15/20270.7%
- 10KENNEBUNK ME SWR DIST WASTEWTR REV N/C, 5%, due 11/15/20270.7%
FUMB holds 297 securities in total. These 10 are 7.7% of the fund.
Where the money is invested
Sectors
- Municipal85.0%
Countries
- United States98.6%
- Other1.4%
- Puerto Rico0.0%
How to invest in FUMB 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 FUMB and buy
Find the fund by its ticker, FUMB, 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 FUMB from India
What FUMB holds
First Trust Exchange-Traded Fund III - First Trust Ultra Short Duration Municipal ETF is an exchange traded fund launched and managed by First Trust Advisors L.P. The fund invests in fixed income markets of the United States.
Hold a dollar asset
FUMB 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 FUMB 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 FUMB from India?
Yes. Indian residents can buy First Trust Ultra Short Duration Municipal ETF (FUMB) 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 FUMB invest in?
First Trust Ultra Short Duration Municipal ETF holds 297 securities. Its largest holdings are MUNI ELEC AUTH OF GEORGIA N/C, 5%, due 01/01/2027 (0.9%), ILLINOIS ST N/C, 5.25%, due 09/01/2027 (0.8%) and IDAHO ST HLTH FACS AUTH REVENUE Variable rate, due 03/01/2060 (0.8%). Municipal is its largest sector at 85.0%. It is a distributing fund domiciled in the US.
What is the expense ratio of FUMB?
First Trust Ultra Short Duration Municipal ETF has an expense ratio of 0.29% a year, taken from the fund's assets rather than billed to you. The fund manages about $312.5M.
How are FUMB dividends taxed in India?
First Trust Ultra Short Duration 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 FUMB?
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 FUMB unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $20.03, and there is no minimum trade size.
What happens to my FUMB 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.