NYSE Arca · ETF
Invest in HTAX ETF from India
Indian and foreign residents can buy Nomura National High-Yield Municipal Bond ETF (HTAX) units directly through Paasa.
By Paasa · Updated
HTAX at a glance
- Price
- $23.23-$0.11 (0.47%)
- Expense ratio
- 0.49%
- Day range
- $23.20 – $23.38
- Assets
- $57.2M
- Domicile
- the US
- Holdings
- —
- Launched
- 2025
- Dividends
- Distributing
- 1 month
- -4.56%
- 6 months
- -3.45%
- YTD
- -4.44%
- 1 year
- -4.72%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1US DOLLAR2.3%
- 2BAY AREA TOLL VAR 04/591.7%
- 3PUERTO RICO 5% 07/581.7%
- 4ARIZONA INDL VAR 02/481.6%
- 5GDB DEBT 7.5% 08/401.3%
- 6PUERTO RICO VAR 11/431.2%
- 7PUERTO RICO 4.75% 07/531.1%
- 8LOUISIANA PUB 5% 09/661.1%
- 9PUBLIC FIN 5.75% 12/651.1%
- 10NATIONAL FIN 5.5% 08/510.9%
These 10 are 14.1% of the fund.
Where the money is invested
Countries
- United States97.7%
- Other2.3%
How to invest in HTAX 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 HTAX and buy
Find the fund by its ticker, HTAX, 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 HTAX from India
What HTAX holds
HTAX is an actively managed Exchange Traded Fund (ETF) designed to generate substantial current income that is exempt from federal taxation. It primarily achieves this by investing in high-yield municipal bonds issued by U.S. state and local governments, which finance diverse public projects.
Hold a dollar asset
HTAX 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 HTAX 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 HTAX from India?
Yes. Indian residents can buy Nomura National High-Yield Municipal Bond ETF (HTAX) 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 HTAX invest in?
Its largest holdings are US DOLLAR (2.3%), BAY AREA TOLL VAR 04/59 (1.7%) and PUERTO RICO 5% 07/58 (1.7%). It is a distributing fund domiciled in the US.
What is the expense ratio of HTAX?
Nomura National High-Yield Municipal Bond ETF has an expense ratio of 0.49% a year, taken from the fund's assets rather than billed to you. The fund manages about $57.2M.
How are HTAX dividends taxed in India?
Nomura National High-Yield 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 HTAX?
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 HTAX unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $23.23, and there is no minimum trade size.
What happens to my HTAX 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.