NYSE Arca · ETF
Invest in JMUB ETF from India
Indian and foreign residents can buy JPMorgan Municipal ETF (JMUB) units directly through Paasa.
By Paasa · Updated
JMUB at a glance
- Price
- $47.58+$0.29 (0.61%)
- Expense ratio
- 0.18%
- Day range
- $47.48 – $47.79
- Assets
- $8.2B
- Domicile
- the US
- Holdings
- 2,113
- Launched
- 2018
- Dividends
- Distributing
- 1 month
- -3.92%
- 6 months
- -4.82%
- YTD
- -6.04%
- 1 year
- -5.73%
- 5 years
- -13.32%
Price change, excluding dividends.
Top 10 holdings
- 1JPMI TAX FREE MMKTF IM4.8%
- 2DISTRICT 5% 06/490.7%
- 3BLACK BELT 5% 12/340.7%
- 4BUCKEYE OHIO TOB 5% 06/550.6%
- 5SAN ANTONIO 5.5% 07/560.6%
- 6CALIFORNIA 5.25% 02/360.5%
- 7CONNECTICUT ST VAR 07/600.5%
- 8KENTUCKY INC KY 5% 06/340.4%
- 9UTAH CNTY UTAH VAR 05/580.4%
- 10MAIN STR NAT VAR 12/550.4%
JMUB holds 2,113 securities in total. These 10 are 9.7% of the fund.
Where the money is invested
Countries
- United States100.0%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| SCMBAMEXSchwab Municipal Bond ETF | 0.03% | 3.0B |
| GMUBAMEXGoldman Sachs Municipal Income ETF | 0.18% | 457.0M |
| FTMUAMEXFranklin Municipal Income ETF | 0.3% | 425.4M |
Assets are shown in each fund's own reporting currency.
How to invest in JMUB 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 JMUB and buy
Find the fund by its ticker, JMUB, 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 JMUB from India
What JMUB holds
The fund primarily allocates a minimum of 80% of its total assets to municipal securities, which generate income that is exempt from federal income tax. Its portfolio may include debt instruments issued by various entities, such as state and local government bodies, organizations linked to the U.S. government, and, in certain cases, private issuers.
Hold a dollar asset
JMUB 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 JMUB 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 JMUB from India?
Yes. Indian residents can buy JPMorgan Municipal ETF (JMUB) 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 JMUB invest in?
JPMorgan Municipal ETF holds 2,113 securities. Its largest holdings are JPMI TAX FREE MMKTF IM (4.8%), DISTRICT 5% 06/49 (0.7%) and BLACK BELT 5% 12/34 (0.7%). It is a distributing fund domiciled in the US.
What is the expense ratio of JMUB?
JPMorgan Municipal ETF has an expense ratio of 0.18% a year, taken from the fund's assets rather than billed to you. The fund manages about $8.2B.
How are JMUB dividends taxed in India?
JPMorgan 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 JMUB?
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 JMUB unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $47.58, and there is no minimum trade size.
What happens to my JMUB 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.