NASDAQ · ETF
Invest in GNMA ETF from India
Indian and foreign residents can buy iShares GNMA Bond ETF (GNMA) units directly through Paasa.
By Paasa · Updated
GNMA at a glance
- Price
- $42.71+$0.05 (0.11%)
- Expense ratio
- 0.11%
- Day range
- $42.56 – $42.81
- Assets
- $427.5M
- Domicile
- the US
- Holdings
- 361
- Launched
- 2012
- Dividends
- Distributing
- 1 month
- +2.04%
- 6 months
- -3.64%
- YTD
- -4.08%
- 1 year
- -4.14%
- 5 years
- -14.21%
Price change, excluding dividends.
Top 10 holdings
- 1BLK CSH FND TREASURY SL AGENCY6.6%
- 2GNMA2 30YR 2.00% 02/20/20512.6%
- 3GNMA2 30YR 5.50% 10/20/20552.5%
- 4GNMA2 30YR 4.50% 12/20/20532.4%
- 5GNMA2 30YR 2.00% 12/20/20511.9%
- 6GNMA2 30YR 5.00% 05/20/20531.6%
- 7GNMA2 30YR 5.00% 11/20/20541.6%
- 8GNMA2 30YR 2.50% 07/20/20511.6%
- 9GNMA2 30YR 2.00% 02/20/20521.6%
- 10GNMA2 30YR 5.50% 04/20/20531.6%
GNMA holds 361 securities in total. These 10 are 23.9% of the fund.
Where the money is invested
Countries
- United States93.9%
- Other6.1%
How to invest in GNMA 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 GNMA and buy
Find the fund by its ticker, GNMA, 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 GNMA from India
What GNMA holds
The primary goal of the iShares GNMA Bond ETF is to achieve investment results consistent with an index that invests in mortgage-backed pass-through securities. These securities are notably guaranteed by the Government National Mortgage Association, also known as Ginnie Mae or GNMA.
Hold a dollar asset
GNMA 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 GNMA 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 GNMA from India?
Yes. Indian residents can buy iShares GNMA Bond ETF (GNMA) 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 GNMA invest in?
iShares GNMA Bond ETF holds 361 securities. Its largest holdings are BLK CSH FND TREASURY SL AGENCY (6.6%), GNMA2 30YR 2.00% 02/20/2051 (2.6%) and GNMA2 30YR 5.50% 10/20/2055 (2.5%). It is a distributing fund domiciled in the US.
What is the expense ratio of GNMA?
iShares GNMA Bond ETF has an expense ratio of 0.11% a year, taken from the fund's assets rather than billed to you. The fund manages about $427.5M.
How are GNMA dividends taxed in India?
iShares GNMA 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 GNMA?
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 GNMA unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $42.71, and there is no minimum trade size.
What happens to my GNMA 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.