NYSE Arca · ETF
Invest in MGOV ETF from India
Indian and foreign residents can buy First Trust Intermediate Government Opportunities ETF (MGOV) units directly through Paasa.
By Paasa · Updated
MGOV at a glance
- Price
- $19.27+$0.05 (0.26%)
- Expense ratio
- 0.5%
- Day range
- $19.18 – $19.31
- Assets
- $98.4M
- Domicile
- the US
- Holdings
- 205
- Launched
- 2023
- Dividends
- Distributing
- 1 month
- -3.41%
- 6 months
- -4.23%
- YTD
- -6.14%
- 1 year
- -5.59%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1US 2YR NOTE (CBT) Dec2611.4%
- 2US LONG BOND(CBT) Dec267.5%
- 3US ULTRA BOND CBT Dec267.1%
- 4Fannie Mae or Freddie Mac TBA, 5.50%, due 04/01/20565.2%
- 5US 5YR NOTE (CBT) Dec264.4%
- 6GNMA G2 MA7366, 2%, due 05/20/20513.9%
- 7Fannie Mae FN MA4319, 2%, due 04/01/20512.8%
- 8Fannie Mae FN MA4392, 2.50%, due 07/01/20512.6%
- 9Fannie Mae FN MA4057, 2.50%, due 06/01/20502.6%
- 10Fannie Mae Series 2025-49, Class FA, Variable rate, due 06/25/20552.2%
MGOV holds 205 securities in total. These 10 are 49.6% of the fund.
Where the money is invested
Countries
- Other95.1%
- United States4.9%
How to invest in MGOV 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 MGOV and buy
Find the fund by its ticker, MGOV, 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 MGOV from India
What MGOV holds
The First Trust Intermediate Government Opportunities ETF endeavors to achieve the greatest possible total return over the long term. Under typical market conditions, the fund will commit at least 80% of its net assets, including any capital borrowed for investment purposes, to debt instruments issued or backed by the United States government, its agencies, or government-sponsored entities, collectively known as "Government Securities." Its holdings in these Government Securities encompass publicly traded U.S. Treasury products, such as bonds, notes, and bills, alongside mortgage-backed ins…
Hold a dollar asset
MGOV 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 MGOV 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 MGOV from India?
Yes. Indian residents can buy First Trust Intermediate Government Opportunities ETF (MGOV) 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 MGOV invest in?
First Trust Intermediate Government Opportunities ETF holds 205 securities. Its largest holdings are US 2YR NOTE (CBT) Dec26 (11.4%), US LONG BOND(CBT) Dec26 (7.5%) and US ULTRA BOND CBT Dec26 (7.1%). It is a distributing fund domiciled in the US.
What is the expense ratio of MGOV?
First Trust Intermediate Government Opportunities ETF has an expense ratio of 0.5% a year, taken from the fund's assets rather than billed to you. The fund manages about $98.4M.
How are MGOV dividends taxed in India?
First Trust Intermediate Government Opportunities 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 MGOV?
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 MGOV unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $19.27, and there is no minimum trade size.
What happens to my MGOV 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.